EXHIBIT 10.17
Employment arrangement between Molex and Xxxx Xxxxxxxx approved by the
Compensation Committee
______________________________________________________________________
Proposal for Approval
Xxxx Xxxxxxxx
A. Employment Agreement
Fiscal Year Position and Duties Annual Other
Base Pay(1)
----------- -------------------------------- ----------- ------------------------------
FY04 Chairman of Molex Japan and Yen 59,125,400 Begin reducing work hours
(current) President of Far East North; US $556,526 in second half of fiscal
Representative Director of Japan year.
and Korea; and Officer of Molex
Incorporated.
FY05 Chairman of Molex Japan and Yen 59,129,400 50% work hours. Retain
President of Far East North. No company automobile, office
longer a Representative Director and administrative
of Japan and Korea and no longer assistant.
an Officer of Molex Incorporated.
FY06 Chairman of both Molex Japan and Yen 35,475,200 50% work hours. Retain
Molex Korea US $333,915 company automobile, office
and administrative
assistant.
FY07-FY14 Member of the Board of Directors Yen 35,479,200 NA
of both Molex Japan and Molex
Korea
B. Molex further agrees that if Xxxx Xxxxxxxx dies during the term of this
Agreement, it will pay his spouse, if she survives him, the balance of
the annual payments each year which would have been paid to Tokuyama.
(1) Local currency per U.S. dollar is Yen 106.24