Exhibit 10.22

AGREEMENT

     This Agreement (“Agreement”) is made and entered as of this 1st day of May,
2004, by and between Methode Electronics, Inc. (“Methode”) and William T. Jensen
(“Jensen”).

     WHEREAS, Mr. Jensen currently serves as Chairman of the Board of Directors
of Methode and recently retired as Chief Executive Officer of Methode; and

     WHEREAS, Jensen has substantial operational, financial and other knowledge
about Methode and its various business operations;

     WHEREAS, Methode desires to compensate Jensen for his services as Chairman
of the Board of Directors; and

     WHEREAS, the parties intend this Agreement to govern their relationship for
the term of this Agreement.

     NOW, THEREFORE, in consideration of the promises and mutual agreements
herein, Methode and Jensen agree as follows:

     1. Services. Methode hereby retains Jensen, and Jensen hereby agrees to
serve, as the non-employee Chairman of the Board of Directors of Methode. Jensen
shall perform such duties and responsibilities as the Board of Directors shall
direct. Jensen shall perform these services at Methode’s offices at 7401 West
Wilson Avenue, Chicago, Illinois (the “Office”).

     2. Compensation. During the term of this Agreement, Jensen shall be
compensated for his services as follows:

       a. Retainer. Jensen shall be paid a retainer in the annualized amount of
$70,000.

       b. Board Meeting Fees. Jensen shall be paid the standard fee, if any, for
attendance at each board meeting.

       c. Supplemental Fees. Jensen shall be paid $2,000 for each day he works
at the Office other than for board meetings.

     3. Expenses. Methode shall reimburse Jensen for all actual, reasonable,
out-of-pocket expenses, incurred in connection with Jensen’s performance of
services under this Agreement, including, without limitation, limousine expenses
for transfer to and from the Office in accordance with past practices. Jensen
shall maintain records relating to such expenses and shall provide Methode
access to such records upon request.

     4. Term. This Agreement shall be effective as of May 1, 2004, and shall
terminate

 

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at Methode’s Annual Meeting of Shareholders in September 2004.

     5. Assignment. This Agreement may not be assigned by either party nor may
Jensen’s obligations hereunder be subcontracted.

     6. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Illinois.

          METHODE ELECTRONICS, INC.    
 
       
By:
  /s/ Warren L Batts   /s/ William T. Jensen

 

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Name:
  Warren L. Batts  
William T. Jensen
Title:
  Chairman of the Nominating
and Governance Committee