EX-10.Z



 Exhibit 10(z) 
 SUMMARY OF ANNUAL COMPENSATION OF NON-EMPLOYEE DIRECTORS 
 The following table summarizes
the annual compensation of our non-employee directors effective as of April 25, 2014. Employee directors are not separately compensated for service as a director. 
 Retainer 
  

	 	Ÿ	 	 $55,000 in cash 



Non-Executive Chairman of the Board Retainer 
  

	 	Ÿ	 	 $150,000 in cash 


 Lead
Independent Director Retainer 
  

	 	Ÿ	 	 $25,000 in cash 


 Audit
Committee Chairperson Retainer 
  

	 	Ÿ	 	 $20,000 in cash 



Committee Chairperson Retainer (other than Audit Committee) 
  

	 	Ÿ	 	 $15,000 in cash 


 Board,
Committee or Other Meeting or Event Attendance Fee 
  

	 	Ÿ	 	 $2,000 in cash per Board or Committee meeting or for any other meeting or event for us or on our behalf 



Deferred Compensation Plan 
  

	 	Ÿ	 	 Under the terms of the Harris Corporation 2005 Directors’ Deferred Compensation Plan (As Amended and Restated Effective January 1, 2009), as
amended (the “2005 Directors’ Plan”), on January 1, April 1, July 1 and October 1 of each year, Harris credits each non-employee director’s account with a number of Harris stock equivalent units having an
aggregate fair market value equal to $31,250 (for an annual rate of $125,000), which amount may be changed from time to time by the Board. In addition, under the 2005 Directors’ Plan, prior to the commencement of a calendar year, each
non-employee director may make an irrevocable election to defer all or a portion of his or her director compensation for the subsequent year or years. Amounts deferred at the election of the non-employee director may be invested in investment
alternatives similar to those available under the Harris Corporation Retirement Plan or in Harris stock equivalent units, pursuant to which a non-employee director’s account is credited with a number of Harris stock equivalent units based on
the fair market value of Harris common stock on the date of deferral. Such Harris stock equivalent units are equivalent in value to our shares of common stock. A non-employee director may not transfer or reallocate amounts invested in other
investments into Harris stock equivalent units, but may reallocate (provided director minimum stock ownership guidelines are satisfied) amounts invested in Harris stock equivalent units into any other investment alternatives. Deferred amounts and
investment earnings on such amounts are payable in cash following the non-employee director’s resignation, retirement or death. Each Harris stock equivalent unit is credited with dividend equivalents, which are deemed reinvested in additional
Harris stock equivalent units on the dividend payment date. 


  

	 	Ÿ	 	 Amounts invested in Harris stock equivalent units shall be appropriately adjusted in the event of any stock dividend or split, recapitalization,
merger, spin-off, extraordinary dividends or other similar events. 










	 	Ÿ	 	 A non-employee director may elect to receive amounts deferred under the 2005 Directors’ Plan, including amounts deferred in the form of Harris
stock equivalent units, either in a cash lump sum on a date certain within five years of his or her resignation or retirement or in annual substantially equal cash installments over a designated number of years beginning on a date certain within
five years of a director’s resignation or retirement, provided that all amounts are fully paid within ten years of resignation or retirement. 


  

	 	Ÿ	 	 Within 90 days following a non-employee director’s death, a lump sum cash payment equal to the then-remaining balance in his or her account will
be made to his or her beneficiary. 


  

	 	Ÿ	 	 Within 90 days following a Change of Control (as defined in the 2005 Directors’ Plan), and to the extent permitted by Section 409A of the
Internal Revenue Code, each non-employee director (or former non-employee director) will receive a lump sum cash payment equal to the then-remaining balance in his or her account. If payment within 90 days following a Change of Control is not
permitted by Section 409A of the Internal Revenue Code, then payment will be made at the time and in the form that payment would have been made if a Change of Control had not occurred. 



 

	 	Ÿ	 	 The foregoing summary description of the 2005 Directors’ Plan is not complete and is qualified in its entirety by, and should be read in
conjunction with, the complete text of the 2005 Directors’ Plan. 


 Travel and Other Expenses 

 

	 	Ÿ	 	 Actual costs and expenses incurred in the performance of service as a director, including director education institutes and activities, are reimbursed.



 Insurance 
  

	 	Ÿ	 	 Liability insurance and up to $200,000 in accidental death and dismemberment insurance and an additional $200,000 in the event involved in an accident
while traveling on business relating to our affairs. 


 Charitable Gift Matching Program 

 

	 	Ÿ	 	 Annual maximum of $10,000 per non-employee director is matched to eligible educational institutions and charitable organizations.