exv10wxxy






Exhibit 10(x)




SUMMARY ANNUAL COMPENSATION OF OUTSIDE DIRECTORS



The following table summarizes the annual compensation of our outside directors as in effect on
August 28, 2009. Employee directors are not compensated for service as a director.




	 	 	 
	Cash Retainer

	 	$55,000 
	 
	 	 
	Audit Committee Chairperson Retainer

	 	$10,000 
	 
	 	 
	Committee Chairperson Retainer

     [other than Audit Committee]

	 	$5,000 
	 
	 	 
	Board Meeting Attendance Fee

	 	$2,000 
	 
	 	 
	Committee Meeting Attendance Fee

	 	$2,000 
	 
	 	 
	Deferred Compensation Plan (1)
	 	 
	 
	 	 
	Travel and Other Expenses

	 	Actual expenses incurred in the performance of
their services as Directors are reimbursed.
	 
	 	 
	Director education institutes/activities

	 	Reimbursed for costs and expenses.
	 
	 	 
	Accident, Death and Disability Insurance
and Business Travel Insurance

	 	Up to $200,000 and an additional $200,000 in the
event a director is involved in an accident while
traveling on business relating to our affairs.
	 
	 	 
	Charitable Matching Gift Program

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








 




NOTES TO TABLE




	 	 	 
	(1)	 	Under the terms of the Harris Corporation 2005 Directors’ Deferred Compensation Plan, as
amended and restated (the “2005 Directors’ Plan”), on January 1, April 1, July 1, and October 1
(each such day an “Award Date”) of each year, Harris credits each non-employee director’s account
with a number of Harris stock equivalent units having a fair market value equal to $26,500 (for an
annual rate of $106,000), 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 401(k) Retirement Plan or in Harris stock equivalent units, pursuant to which a
non-employee director’s account is credited with a number of units of Harris stock equivalents
based upon 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 equivalents.
Amounts credited in Harris stock equivalents may be reallocated into any other investment
alternatives, provided director minimum stock ownership guidelines are satisfied. 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.






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



 









 






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.




Within ninety (90) days of 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.




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’ Deferred Compensation Plan.