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                                                                    EXHIBIT 10.1

                                 TEKTRONIX, INC.
                  2001 NON-EMPLOYEE DIRECTORS COMPENSATION PLAN
                                2005 RESTATEMENT

1.   PURPOSE AND AMENDMENT

     1.1 The purpose of this Non-Employee Directors Compensation Plan (the
"Plan) is to enable Tektronix, Inc (the "Company") to attract and retain highly
qualified directors. The Company considers it desirable that members of the
board of directors, who represent shareholders, be shareholders of the Company.
To supplement the personal efforts of the directors toward this end, the Plan is
intended to increase the ownership interest of non-employee directors through
awards of Common Shares of the Company. The Company intends to increase the
community of interest of the shareholders at large and the Company's directors
and to make share ownership a dynamic influence on the attitudes of the board.

     1.2 The Plan, as amended effective January 17, 2005 (the "Prior Plan"), is
further amended and restated to change the period of compensation to a calendar
year, to coordinate with changes to the Company's nonqualified deferred
compensation plans and to make other clarifying and administrative changes. The
amendment is generally effective January 1, 2005 except as otherwise expressly
provided and as follows:

          (a) The increases to the dollar amounts for stock awards under
subsection 3.2 from $30,000 to $40,000, as provided in the Prior Plan to be
effective with the award date in September 2005 shall be effective January 1,
2006 instead of September 2005. The increases to certain chair and meeting fees,
stated in the Prior Plan as effective January 17, 2005, subject to pro-ration,
shall remain effective January 17, 2005, but shall be generally ineffective for
the Transition Period except as provided in 1.2(b)(ii).

          (b) For the period (the "Transition Period") that begins immediately
following the date of the annual meeting of Company shareholders that occurs in
2005 (the "2005 Annual Meeting Date") and ends December 31, 2005, the following
shall apply:

               (i) Directors as of the date following the 2005 Annual Meeting
Date shall be awarded Common Shares of the Company. The number of shares shall
be equal to $10,000 divided by the purchase price per share of the Common Shares
at the time of the purchase. The award date shall be a day in September 2005
that is determined by the Company and the Common Shares shall be purchased in
accordance with paragraphs 3.2(b), (c) and (d) below.

               (ii) Payment of fees under paragraph 4.1 shall be at the rates
specified in 4.1, pro-rated for the short period. Actual payment will be made in
January 2006.

               (iii) No compensation for the Transition Period shall be subject
to deferral under the Company's deferred compensation arrangements.

          (c) An election under 4.4 to receive Common Shares instead of cash for
Fees payable for services before the Transition Period shall remain subject to
provisions of the Prior Plan.
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2.   ADMINISTRATION

     The Plan shall be administered by the Secretary of the Company or such
other person designated by the chief executive officer of the Company (the
"Administrator") who may delegate all or part of that authority and
responsibility. The Administrator shall interpret the Plan, arrange for the
purchase and delivery of shares, and otherwise assume general responsibility for
administration of the Plan. Any decision by the Administrator shall be final and
binding on all parties.

3.   AWARDS

     3.1 Each non-employee director of the Company shall participate in the Plan
as follows:

          (a) Effective January 1, 2006, directors elected or appointed after
December 31, 2005 shall participate as of the January 1 that is on or
immediately following the effective date of the director's election or
appointment. Employee directors who cease to be employees of the Company but
continue as directors shall become participants as of the January 1 that is on
or immediately following the date the director ceased being an employee of the
Company.

          (b) Effective January 1, 2006, the award date for a year shall be a
day in January of that year that is determined by the Company.

     3.2 Effective January 1, 2006, as of the award date, a participant shall be
awarded Common Shares of the Company as follows:

          (a) The number of Common Shares awarded shall be equal to $40,000
divided by the purchase price per share of the Common Shares at the time of
purchase as provided in paragraph 3.2(b).

          (b) On each award date, the Administrator shall deliver cash in the
amount of $40,000 for each director and applicable commissions to a broker (the
"Broker"). Subject to paragraph 3.2(d) below, on the award date the Broker will
effect a purchase of Common Shares in the open market at the then prevailing
market price for the respective account of each director; provided that each
purchase occurs on a day on which the New York Stock Exchange (the "NYSE") is
open for trading and the Common Shares trade regular way on the NYSE.

          (c) Certificates in the names of the director participants for their
respective Common Shares shall be delivered to the respective participants as
promptly as practicable following the purchase of the shares pursuant to
paragraph 3.2(b).

          (d) If a purchase cannot be executed as required by paragraph 3.2(b)
as a result of (1) a suspension or material limitation in trading in securities
generally on the NYSE, (2) a suspension or material limitation in trading in
Company securities on the NYSE, (3) a general moratorium on commercial banking
activities declared by either federal or New York or Oregon state authorities,
(4) the outbreak or escalation of hostilities involving the United States or the
declaration by the United States of a national emergency or war, or (5) a legal,
regulatory or contractual restriction applicable to the Broker, the Broker will
effect the purchase as promptly as practicable after the cessation or
termination of the market disruption, applicable restriction or other event. In
addition, the Administrator may delay any purchase required by paragraph
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3.2(b) as a result of any such market disruption, applicable restriction,
including securities laws restricting open market purchases by a corporation of
its own shares, or other event; provided that any delayed purchase will be
effected as promptly as practicable after the cessation or termination of the
market disruption, applicable restriction or other event.

     3.3 Non-employee directors of the Company may receive stock option grants
pursuant to the Company's stock option plans.

4.   CHAIR AND MEETING FEES

     4.1 Each non-employee director of the Company shall be entitled to receive
(a) an annual fee of $5,000 for serving as the chair of any of the following
committees of the board of directors: the Audit Committee, the Nominating and
Corporate Governance Committee and the Organization and Compensation Committee,
and effective January 17, 2005, the annual fee for the chair of the Audit
Committee shall be increased to $10,000 (pro-rated for payment in September
2005), (b) a fee of $1,500 for each board meeting attended, and (c) a fee of
$1,000 for each board committee meeting attended, provided that the board
committee meeting is not held in conjunction with a board meeting (such fees
collectively, the "Fees").

     4.2 Each non-employee director of the Company shall be paid any Fees owed
for the previous year in January. The Fees for services in 2006 shall be paid in
January 2007.

     4.3 Each non-employee director of the Company may elect to receive Common
Shares of the Company instead of cash payment for the Fees.

     4.4 The election to receive Common Shares instead of cash for the Fees for
a year shall be made by delivering a notice of election to the Company Secretary
and shall be effective as to all Fees earned for that year. Elections for Fees
for services during the Transition Period shall be delivered on or before
December 31, 2005. Elections for Fees for services in the year beginning January
1, 2006 and subsequent years shall be delivered on or before December 31 of the
year, provided that elections to defer payment must be made in accordance with
applicable requirements and the provisions of this subsection 4.4 shall not
supersede or affect deferral election requirements. Once made, an election shall
remain in effect for subsequent years until terminated by notice to the
Secretary on or before December 31 of the year for which Fees will be paid.

     4.5 With respect to any election by a non-employee director of the Company
to receive Common Shares of the Company instead of cash payment for the Fees,
the Administrator shall deliver cash in the amount of the Fees for each director
and applicable commissions to the Broker, and the Broker shall effect a purchase
of Common Shares in accordance with paragraph 3.2(b) above.

     4.6 Purchased Common Shares shall be in the name of and distributed to each
director.

5.   RULE 10b5-1 PLAN

     The Company intends this Plan to comply with the requirements of Rule
10b5-1(c)(1)(i)(B) and this Plan will be interpreted to comply with the
requirements of Rule 10b5-1(c).
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6.   AMENDMENT OR TERMINATION; MISCELLANEOUS

     6.1 The board of directors of the Company may amend or terminate the Plan
at any time. No amendment or termination shall adversely affect any previous
award.

     6.2 Subject to the rights of amendment and termination in paragraph 6.1
above, the Plan shall continue indefinitely and future awards will be made in
accordance with paragraphs 3.2.

     6.3 Nothing in the Plan shall create any obligation on the part of the
board of directors of the Company to nominate any director for reelection by the
shareholders.

This Plan was adopted by the board of directors of the Company and became
effective May 17, 2001. The board of directors of the Company amended the Plan
effective January 17, 2005 and amended and restated the Plan generally effective
January 1, 2005.

                         Approved by the Board of Directors September 22, 2005