EX-10.3






PLEXUS CORP.




RESTRICTED STOCK AGREEMENT




	 	 	 
	TO: [name]

DATE:

	 	

[date]







In order to provide additional incentive through stock ownership for certain officers and key
employees of Plexus Corp. (the “Corporation”) and its subsidiaries, you (the “Grantee”) are hereby
granted a restricted stock award (“Award”) effective as of      , 20     (the “Grant Date”). This
Award is subject to the terms and conditions set forth in this Agreement and in the Plexus Corp.
2005 Equity Incentive Plan (the “Plan”), the terms of which are incorporated herein by reference.



1. NUMBER OF SHARES



This Restricted Stock Award applies to      shares of the Corporation’s Common Stock,
$.01 par value (the “Restricted Stock”).



2. VESTING REQUIREMENTS



[One of the following alternatives shall be designated. If no alternative is designated,
Alternative 1 shall apply]:




	 	 	 	[ ] Alternative 1: This Award shall become vested in accordance with the
schedule set forth below:





	 	 	 	 	 
	Years After	 	 
	Grant Date	 	% of Shares Becoming Vested
	Less than 1

	 	 	0	%
	 
	 	 	 	 
	1 but less than 2

	 	Thirty Three and one third percent (33?%)

	 
	 	 	 	 
	2 but less than 3

	 	Sixty six and two thirds percent (66?%)

	 
	 	 	 	 
	3 but less than 10

	 	One hundred percent (100%)








[ ] Alternative 2: This Award shall become vested in accordance with the schedule established
by the Committee at the time of grant and set forth below:



Notwithstanding the foregoing, the Award shall fully vest upon a Change in Control, as defined
in the Plan.




	 	 	 	3.




1










RESTRICTED PERIOD



The period of time during which the Restricted Stock is forfeitable is referred to as the
“Restricted Period.” If your employment with the Corporation or one of its subsidiaries terminates
during the Restricted Period for any reason, then the unvested portion of the Restricted Stock
shall be forfeited to the Corporation on the date of such termination, without any further
obligation of the Corporation to you and all your rights with respect to the unvested part of the
Restricted Stock shall terminate.



4. RIGHTS DURING RESTRICTED PERIOD



During the Restricted Period, you shall have the right to vote the Restricted Stock and to
receive cash dividends. If any stock dividend is declared upon the Restricted Stock, or there is
any stock split, stock distribution, or other change in the corporate structure of the Corporation
with respect to the Restricted Stock, the aggregate number and kind of shares covered by this grant
shall be proportionately and appropriately adjusted (subject to the same restrictions applicable to
the original Restricted Stock). You shall not be permitted to sell, assign, transfer, pledge or
otherwise encumber the Restricted Stock during the Restricted Period.



5. CUSTODY



The Restricted Stock issued to you may be credited in book entry form and held in custody by
the Corporation or an agent for the Corporation until the applicable restrictions have expired. If
any certificates are issued for shares of Restricted Stock during the Restricted Period, such
certificates shall bear an appropriate legend as determined by the Corporation referring to the
applicable terms, conditions and restrictions and you agree to deliver a signed, blank stock power
to the Corporation relating thereto. On each date that the Restricted Stock vests, the Corporation
shall, or shall cause its transfer agent to, issue unrestricted shares to you for those vested
shares. Additionally, on the final vesting date, the Corporation shall deliver to you any blank
stock power that you signed and delivered to the Corporation in connection with your Restricted
Stock grant.



6. TAX WITHHOLDING



The Corporation may require, as a condition to the vesting of any shares of the Restricted
Stock, that you pay to the Corporation any taxes which the Corporation is required to withhold by
reason of such vesting. In lieu of part or all of such payment, you may request, subject to such
rules and regulations as the Committee may adopt from time to time, that the Corporation withhold a
portion of the shares otherwise becoming vested to defray all or a portion of any applicable taxes,
or request that the Corporation or its subsidiaries withhold the required amounts from other
compensation payable to you.



7. TRANSFER RESTRICTIONS AFTER VESTING



Under applicable securities laws, you may not be able to sell any shares for a period of time
after vesting, and you must comply with the Corporation’s Insider Trading Restrictions and Policies
(copy attached). The Corporation’s counsel should be consulted on your ability to sell your shares
under the 1934 Act.



8. NO EMPLOYMENT AGREEMENT INTENDED



Neither the establishment of, nor the awarding of Awards under this Plan shall be construed to
create a contract of employment between you and the Corporation or its subsidiaries; nor does it
give you the right to continue in the employment of the Corporation or its subsidiaries or limit in
any way the right of the Corporation or its subsidiaries to discharge you at any time and without
notice, with or without cause, or to any benefits not specifically provided by this Plan, or in any
manner modify the Corporation’s right to establish, modify, amend or terminate any profit sharing,
retirement or other benefit plans.



9. WISCONSIN CONTRACT



This Agreement reflects an Award made in Wisconsin and shall be construed under the laws of
that state without regard to the conflict of laws provision of any jurisdiction.



To accept this grant, agreement and other linked materials please logon with your user name
and password to www.etrade.com/stockplans.com and select the Stock Options page. This
grant will be listed at the bottom of all prior grants and will be labeled in the status column as
“Requires Acceptance”. Clicking on this link will take you to the Grant Acceptance page which will
allow you to view and print (recommended) all applicable documents related to this grant. To
accept the grant and all applicable documents you will type in your password and click accept. By
accepting this grant online you acknowledge and accept this grant and the terms and conditions.
You also acknowledge receipt of this Restricted Stock Agreement, a copy of the 2005 Equity
Incentive Plan, and a copy of the Insider Trading Restrictions and Policies. If this grant is not
accepted online within 30 days from the grant date of this Agreement, this Award will be deemed
refused and may be withdrawn.



The terms of the Plan shall have precedence over any terms in this Agreement that are
inconsistent therewith.




PLEXUS CORP.




By: /s/ Joseph D. Kaufman




	 	 	 	Secretary






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