SANM » Topics » Other Benefits

This excerpt taken from the SANM DEF 14A filed Dec 18, 2009.

Other Benefits

        In addition to the cash and equity compensation discussed above, we provide our executive officers with some additional benefits that the Committee has determined are necessary to attract and retain key talent, which include:

    health insurance, as generally available to U.S. employees;

    optional participation in our 401(k) plan, as generally available to all U.S. employees (including any matching contributions on the same terms as other participating employees);

    supplemental life insurance; .

    optional participation in a non-qualified executive deferred compensation plan that permits executives to defer receipt of part or all of their base salary and incentive pay to a future date; and

    executive group travel accident insurance.

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Table of Contents

        We do not provide the following types of perquisites to executive officers:

    personal use of corporate assets;

    executive pension plans (SERPs);

    Sanmina-SCI-funded deferred compensation programs; or

    Sanmina-SCI-funded housing (except on a temporary basis in cases of relocation).
These excerpts taken from the SANM 10-K filed Jun 11, 2009.

Other Benefits

 

In addition to the cash and equity compensation discussed above, we provide our named executive officers with a modest package of additional benefits that includes:

 

·                  health insurance, as generally available to U.S. employees;

 

·                  optional participation in our 401(k) plan, as generally available to all U.S. employees (including any matching contributions on the same terms as other participating employees);

 

·                  life insurance, as generally available to all U.S. employees;

 

·                  optional participation in a non-qualified executive deferred compensation plan that permits executives to defer receipt of part or all of their base salary and bonus to a future date;

 

·                  vehicle allowance; and

 

·                  executive group travel accident insurance.

 

We do not provide the following types of perquisites to executive officers:

 

·                  personal use of corporate assets;

 

·                  executive pension plans (SERPs);

 

·                  Sanmina-SCI-funded deferred compensation programs; or

 

·                  Sanmina-SCI-funded housing (except on a temporary basis in cases of relocation).

 

Other Benefits



 



In addition to the cash and
equity compensation discussed above, we provide our named executive officers
with a modest package of additional benefits that includes:



 



·                  health
insurance, as generally available to U.S. employees;



 



·                  optional
participation in our 401(k) plan, as generally available to all U.S.
employees (including any matching contributions on the same terms as other
participating employees);



 



·                  life insurance,
as generally available to all U.S. employees;



 



·                  optional
participation in a non-qualified executive deferred compensation plan that
permits executives to defer receipt of part or all of their base salary and
bonus to a future date;



 



·                  vehicle allowance;
and



 



·                  executive group
travel accident insurance.



 



We do not provide the
following types of perquisites to executive officers:



 



·                  personal use of
corporate assets;



 



·                  executive
pension plans (SERPs);



 



·                  Sanmina-SCI-funded
deferred compensation programs; or



 



·                  Sanmina-SCI-funded
housing (except on a temporary basis in cases of relocation).



 



This excerpt taken from the SANM DEF 14A filed Dec 15, 2008.

Other Benefits

        In addition to the cash and equity compensation discussed above, we provide our named executive officers with a modest package of additional benefits that includes:

    health insurance, as generally available to U.S. employees;

    optional participation in our 401(k) plan, as generally available to all U.S. employees (including any matching contributions on the same terms as other participating employees);

    life insurance, as generally available to all U.S. employees;

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    optional participation in a non-qualified executive deferred compensation plan that permits executives to defer receipt of part or all of their base salary and bonus to a future date;

    vehicle allowance; and

    executive group travel accident insurance.

        We do not provide the following types of perquisites to executive officers:

    personal use of corporate assets;

    executive pension plans (SERPs);

    Sanmina-SCI-funded deferred compensation programs; or

    Sanmina-SCI-funded housing (except on a temporary basis in cases of relocation).
This excerpt taken from the SANM DEF 14A filed Dec 14, 2007.

Other Benefits

        In addition to the cash and equity compensation discussed above, we provide our named executive officers with a modest package of additional benefits that includes:

    health insurance, as generally available to US employees;

    participation in the Company's 401(k) plan, as generally available to US employees (including any matching contributions on the same terms as other participating employees);

    life insurance, as generally available to US employees;

    participation in a non-qualified executive deferred compensation plan that permits executives to defer receipt of part or all of their base salary and bonus to a future date;

    vehicle allowance; and

    executive group travel accident insurance.

        We do not provide named executive officers with additional perquisites that have been utilized by many companies as under-reported or unreported additional compensation, such as:

    executive contracts;

    golden parachute severance arrangements;

    personal use of corporate assets;

    executive pension plans (SERPs);

    company-funded deferred compensation programs; or

    company-funded housing (except on a temporary basis in cases of relocation).
This excerpt taken from the SANM DEF 14A filed Jan 29, 2007.

Other Benefits

In addition to the cash and equity compensation discussed above, Sanmina-SCI provides executives with a modest package of additional benefits that includes:

·       health insurance

·       life insurance

·       vehicle allowance

·       participation in the company’s 401(k) plan (including any matching contributions on the same terms as other participating employees); and

·       participation in an executive deferred compensation plan that permits executives to defer receipt of part or all of their base salary and bonus to a future date.

Sanmina-SCI does not generally provide executive officers with additional perquisites that have been utilized by many companies as under-reported or un-reported additional compensation, such as:

·       executive contracts

·       golden parachute severance arrangements

·       personal use of corporate assets

·       executive pension plans (SERPs)

·       company-funded deferred compensation programs; or

·       company-funded housing (except on a temporary basis in cases of relocation).

22




This excerpt taken from the SANM DEF 14A filed Jan 27, 2006.
Other Benefits

In addition to the cash and equity compensation discussed above, Sanmina-SCI provides executives with a modest package of additional benefits that includes:

·   Health insurance

·   Life insurance

·   Vehicle allowance

·   Participation in the Company’s 401(k) plan (including any matching contributions on the same terms as other participating employees)

·   Participation in the Executive Deferred Compensation Plan

·   Under the plan, executives may defer receipt of part of all of their base salary and bonus to a future date

·   Sanmina-SCI does not make any additional matching contributions to the program

Sanmina-SCI does not generally provide Officers with additional perquisites that have been utilized by many companies as under-reported or un-reported additional compensation, such as:

·   Executive contracts

·   Golden parachute severance arrangements

·   Personal use of corporate assets

·   Executive pension plans (SERPs)

·   Company-funded deferred compensation programs

·   Company-funded housing (except on a temporary basis in cases of relocation)

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