Summary of Key Terms of Compensation Arrangements



 Exhibit 10.1 
 SUMMARY OF KEY TERMS OF COMPENSATION ARRANGEMENTS WITH MERIX 
 CORPORATION EXECUTIVE OFFICERS 

 Merix’ executive officers each receive an annual salary, which they may defer into a nonqualified deferred compensation plan. The executive officers
are also eligible for a cash incentive under the Merix’ Executive Incentive Plan (“EIP”) and for equity incentives under our 2006 Equity Incentive Plan. Awards under the EIP are determined as a percentage of base salary. In addition,
Merix executives may receive cash bonuses on hiring and at other times at the discretion of Merix Human Resources and Compensation Committee. Merix has entered into written severance agreements with its named executive officers pursuant to which
they will receive severance benefits in the event their employment terminates other than for cause or as a result of death or disability and additional severance benefits in the event their employment terminates within 24 months following a change
in control of Merix. Merix’ executives participate in Merix’ 401(k) plan and other employee benefits plans on the same basis as other employees. Merix makes annual matching contributions to Merix’ 401(k) Plan and pays Group Term Life
Insurance premiums for each of its executive officers on the same basis as for all regular employees of Merix who satisfy minimum eligibility requirements. In addition, Merix’ executive officers are eligible to participate in Merix’ health
and welfare and other employee benefit plans that are available on the same basis to all regular employees of Merix who satisfy minimum eligibility requirements. 
 Key elements of executive compensation for fiscal year ended May 26, 2007 are: 
  

																						
	 Name and Title
	  	Fiscal
2007
Salary1	  	Fiscal 2007
EIP
Maximum
Cash
Incentive	 	 	Fiscal 2007 Target Bonus Allocation	 
	  	  	 	Net
Income	 	 	Asian
Operations
EBITDA	 	 	 Successful
Implementation
of ERP
 System
	 	 	Revenue	 	 	Free
Cash
Flow	 
	 Michael D. Burger
 President and Chief Executive Officer
	  	$	600,000	  	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 
								
	 Mark R. Hollinger
 Former President and Chief Executive Officer
	  	$	370,000	  	100	%	 	30	%	 	25	%	 	25	%	 	10	%	 	10	%
								
	 William C. McCormick
 Interim President and Chief Executive Officer
	  	$	252,000	  	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 
								
	 Thomas R. Ingham
 Executive Vice President, Global Sales and Marketing
	  	$	230,000	  	60	%	 	18	%	 	15	%	 	15	%	 	6	%	 	6	%
								
	 Kelly E. Lang
 Executive Vice President, Finance and Chief Financial Officer
	  	$	265,000	  	60	%	 	18	%	 	15	%	 	15	%	 	6	%	 	6	%
								
	 Linda V. Moore
 Executive Vice President of Global HR, General Counsel and Secretary
	  	$	235,000	  	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 	 	N/A	 
								
	 Daniel T. Olson
 CEO, Merix Asia2
	  	$	280,000	  	70	%	 	21	%	 	7	%	 	7	%	 	17.5	%	 	17.5	%
								
	 Chris L. Remy
 Executive Vice President of Global Supply Chain & IT
	  	$	240,000	  	60	%	 	18	%	 	15	%	 	15	%	 	6	%	 	6	%
								
	 R. Steven Robinson
 Executive Vice President, Global Operations
	  	$	325,000	  	100	%	 	30	%	 	25	%	 	25	%	 	10	%	 	10	%



	 1
	 Amounts shown represent annual salary rates as in effect as of the end of fiscal
2007 and do not necessarily reflect amounts actually paid in fiscal 2007. The proxy statement for Merix’ 2007 Annual Meeting of Shareholders includes information about compensation paid in 2007 to Merix’ named executive officers, as such
term is defined in Item 402(a)(3) of Regulation S-K. 



	 2
	 Mr. Olson resigned effective June 30, 2007.