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MOLX » Topics » Perquisites Table

This excerpt taken from the MOLX DEF 14A filed Sep 10, 2007.

Perquisites Table

The following table sets forth dollar amounts for perquisites provided to the Named Executive Officers included in the “Perquisites” column of the “All Other Compensation Table.” The amounts included in the table reflect the actual cost to us for providing these perquisites.

 

Perquisites

   M. Slark   R. Mahoney   J. Fleischhacker   R. Schubel   D. Johnson

Car allowance

   -   18,240(1)   -   -   -

Leased car

   19,264   3,228   1,422   25,811   22,239

Financial planning and counseling

   23,354   4,775   6,198   12,350   2,799

Physical Medical Examination

   1,685   1,227   -   1,783   -

Company-paid housing allowance

   -   156,827(2)   -   -   -

Club memberships

   6,490(3)   5,135(4)   350(5)   -   -

Overseas assignment expenses

   -   139,085(6)   -   -   -

Gifts to officer made by Molex(7)

   6,959   -   -   3,892   -

Total

   57,752   328,517   7,970   43,836   25,038

 

(1) Mr. Mahoney served on expatriate assignment in Singapore during all of fiscal year 2007. This is an enhanced benefit outside of our Expatriate Policy but within the Compensation Committee’s perquisite pre-approval policy.

 

(2) The amount shown is made up of rent and house maintenance expenses for Mr. Mahoney’s residence in Singapore. These expenses are within our Expatriate Policy.

 

(3) The amount includes memberships in the Chicago Club and the Mid-America Club. These two memberships are used primarily for business purposes, but because corporate members are not permitted the memberships are held in Mr. Slark’s name.

 

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(4) The amount includes membership in a club in Singapore that is an enhanced benefit outside of our Expatriate Policy but within the Compensation Committee’s perquisite pre-approval policy.

 

(5) The amount represents membership for an airline club lounge.

 

(6) The amount shown relates to Mr. Mahoney’s overseas assignment in Singapore and includes amounts for tax equalization, education expenses for his children, expatriate travel expenses for him and his family, and payments to recognize the cost of living differential between the U.S. and Singapore. These expenses are within our Expatriate Policy.

 

(7) The amounts represent the dollar value of service anniversary awards made by us.
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