Document:

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                                                                   EXHIBIT 10.14

                                   PLEXUS CORP
                   EXECUTIVE DEFERRED COMPENSATION PLAN TRUST

         THIS AGREEMENT made this 1st day of April, 2003, by and between PLEXUS
(the "Employer") and BANKERS TRUST COMPANY (the "Trustee");

         WHEREAS, Employer has adopted the Plexus Corp Executive Deferred
Compensation Plan (the "Plan") to provide benefits to certain eligible employees
of the Employer and its designated affiliates; and

         WHEREAS, Employer has incurred or expect to incur liability under the
terms of such Plan with respect to the individuals participating in such Plan
and certain of its subsidiaries who adopt the Plan may likewise incur or expect
to incur such liabilities; and

         WHEREAS, Employer wishes to establish a trust (the "Trust") and to
contribute to the Trust assets to be held therein, subject to the claims of the
creditors of the Employer and all contributing subsidiaries, in the event of
Insolvency, as defined herein, of the Employer or any contributing subsidiary,
until paid to Plan participants and their beneficiaries in such manner and at
such times as specified in the Plan; and

         WHEREAS, it is the intention of the parties that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan
as an unfunded plan maintained for the purpose of providing deferred
compensation for a select group of management or highly compensated employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974;
and

         WHEREAS, it is the intention of Employer and certain of its
subsidiaries to make contributions to the Trust to provide a source of funds to
assist in the meeting of liabilities under the Plan;

         NOW, THEREFORE, the parties do hereby create the Trust and agree that
the Trust shall be comprised, held and disposed of as follows:

SECTION 1.    ESTABLISHMENT OF TRUST

         (a)  Employer shall make an initial contribution to the Trust, which
shall become the principal of the Trust to be held, administered and disposed of
by Trustee as provided in this Trust Agreement.

         (b)  The Trust hereby established shall be irrevocable.

         (c)  The Trust is intended to be a grantor trust, of which Employer is
the grantor, within the meaning of subpart E, part 1, subchapter J, chapter 1,
subtitle A of the Internal Revenue Code of 1986, as amended, and shall be
construed accordingly.

         (d)  The principal of the Trust, and any earnings thereon shall be held
separate and apart from other funds of Employer or any of its subsidiaries and
shall be used exclusively for

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the uses and purposes of Plan participants and general creditors as herein set
forth. Plan participants and their beneficiaries shall have no preferred claim
on, or any beneficial ownership interest in, any assets of the Trust. Any rights
created under the Plan and this Trust Agreement shall be mere unsecured
contractual rights of Plan participants and their beneficiaries against
Employer. Any assets held by the Trust will be subject to the claims of general
creditors of the Employer and any contributing subsidiary under federal and
state law in the event of Insolvency, as defined in Section 3(a) herein.

         (e)  Employer, in its sole discretion, may at any time, or from time to
time, make additional deposits of cash or other property in trust with Trustee
to augment the principal to be held, administered and disposed of by Trustee as
provided in this Trust Agreement. Neither Trustee nor any Plan participant or
beneficiary shall have any right to compel such additional deposits.

         (f)  Upon a Change of Control, as defined in the Plan, Company shall,
as soon as possible, but in no event longer than 60 days following the Change of
Control, make an irrevocable contribution to the Trust in any amount that is
sufficient to pay each Plan participant or beneficiary would be entitled
pursuant to the terms of the Plan(s) as of the date on which the Change of
Control occurred.

SECTION 2.    PAYMENTS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES.

         (a)  Employer shall deliver to Trustee a schedule (the "Payment
Schedule") that indicates the amounts payable in respect of each Plan
participant (and his or her beneficiaries), that provides a formula or other
instructions acceptable to Trustee for determining the amounts so payable, the
form in which such amount is to be paid (as provided for or available under the
Plan, and the time of commencement for payment of such amounts. Except as
otherwise provided herein, Trustee shall make payments to the Plan participants
and their beneficiaries in accordance with such Payment Schedule. Trustee shall
make provision with the Employer for the reporting and withholding of any
federal, state or local taxes that may be required to be withheld with respect
to the payment of benefits pursuant to the terms of the Plan(s) and shall pay
amounts withheld to the appropriate taxing authorities or determine that such
amounts have been reported, withheld and paid by Employer.

         (b)  The entitlement of a Plan participant or his or her beneficiaries
to benefits under the Plan shall be determined by Employer or such party as it
shall designate under the Plan, and any claim for such benefits shall be
considered and reviewed under the procedures set out in the Plan.

         (c)  Employer may make payment of benefits directly to Plan
participants or their beneficiaries as they become due under the terms of the
Plan. Employer shall notify Trustee of its decision to make payment of benefits
directly prior to the time amounts are payable to participants or their
beneficiaries. In addition, if the principal of the Trust, and any earnings
thereon, are not sufficient to make payments of benefits in accordance with the
terms of the Plan, Employer shall make the balance of each such payment as it
falls due. Trustee shall notify Employer where principal and earnings are not
sufficient.

                                     - 2 -

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SECTION 3.    TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO TRUST BENEFICIARY
              WHEN EMPLOYER IS INSOLVENT.

         (a)  Trustee shall cease payment of benefits to Plan participants and
their beneficiaries if Employer or any contributing subsidiary is Insolvent.
Whenever the term "Employer" is used in this Section 3, it shall also be deemed
to mean any contributing subsidiary of the Employer. Employer shall be
considered "Insolvent" for purposes of this Trust Agreement if (i) Employer is
unable to pay its debts as they become due, or (ii) Employer is subject to a
pending proceeding as a debtor under the United States Bankruptcy Code.

         (b)  At all times during the continuance of this Trust, as provided in
Section 1(d) hereof, the principal and income of the Trust shall be subject to
claims of general creditors of Employer under federal and state law as set forth
below.

              (1) The Board of Directors and the Chief Executive Officer of
         Employer shall have the duty to inform Trustee in writing of
         Employer's Insolvency. If a person claiming to be a creditor of
         Employer alleges in writing to Trustee that Employer has become
         Insolvent, Trustee shall determine whether Employer is Insolvent and,
         pending such determination, Trustee shall discontinue payment of
         benefits to Plan participants or their beneficiaries.

              (2) Unless Trustee has actual knowledge of Employer's
         Insolvency, or has received notice from Employer or a person claiming
         to be a creditor alleging that Employer is Insolvent, Trustee shall
         have no duty to inquire whether Employer is Insolvent. Trustee may in
         all events rely on such evidence concerning Employer's solvency as
         may be furnished to Trustee and that provides Trustee with a
         reasonable basis for making a determination concerning Employer's
         solvency.

              (3) If at any time Trustee has determined that Employer is
         Insolvent, Trustee shall discontinue payments to Plan participants or
         their beneficiaries and shall hold the assets of the Trust for the
         benefit of Employer's general creditors. Nothing in this Trust
         Agreement shall in any way diminish any rights of Plan participants
         or their beneficiaries to pursue their rights as general creditors of
         Employer with respect to benefits due under the Plan or otherwise.

              (4) Trustee shall resume the payment of benefits to Plan
         participants or their beneficiaries in accordance with Section 2 of
         this Trust Agreement only after Trustee has determined that Employer
         is not Insolvent (or is no longer Insolvent).

         (c) Provided that there are sufficient assets, if Trustee discontinues
the payment of benefits from the Trust pursuant to Section 3(b) hereof and
subsequently resumes such payments, the first payment following such
discontinuance shall include the aggregate amount of all payments due to Plan
participants or their beneficiaries under the terms of the Plan for the period
of such discontinuance, less the aggregate amount of any payments made to Plan
participants or their beneficiaries by Employer in lieu of the payments provided
for hereunder during any such period of discontinuance.

                                    - 3 -
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SECTION 4.    PAYMENTS TO EMPLOYER.

         Except as provided in Section 3 hereof, Employer shall have no right or
power to direct Trustee to return to Employer or to divert to others any of the
Trust assets before all payment of benefits have been made to Plan participants
and their beneficiaries pursuant to the terms of the Plan.

SECTION 5.    INVESTMENT AUTHORITY.

         (a)  In no event may Trustee invest in securities (including stock or
rights to acquire stock) or obligations issued by Employer, other than a de
minimis amount held in common investment vehicles in which Trustee invests. All
rights associated with assets of the Trust shall be exercised by the Trustee or
the person designated by the Trustee, and except as described in (c) below,
shall in no event be exercisable by or rest with Plan participants.

         (b)  Subject to (a) above and unless directed by the Employer under (c)
below, Trustee shall invest and reinvest the principal and income of the Trust
fund in any and all common stocks, preferred stocks, bonds, notes, debentures,
mortgages, equipment trust certificates, investment trust certificates, common,
collective or group trust investments or mutual fund investments (including any
such trusts or funds as may be established by Trustee or any of its affiliates),
real and personal property wherever situated, and in such other property,
investments and securities of any kind, class or character as Trustee may deem
suitable for the Trust. Trustee shall have the power, in its sole discretion, to
do all such acts, execute all such instruments, take all such proceedings and
exercise all rights and privileges with respect to any property or asset
constituting a part of the Trust fund as if Trustee were the absolute owner
thereof.

         (c)  The Trustee's responsibility for investment and diversification of
the assets in the Trust shall be subject to, and is limited by, any investment
instructions issued to it by Employer or any investment guidelines agreed to by
Employer and Trustee. The Employer may direct Trustee as to the investment of
some or all of the Trust fund for the purpose of adhering to Participant deemed
investment directions which may be available under the Plan or otherwise. When
investment directions are provided by the Employer, the Trustee shall have no
liability for it or any other person properly following such directions or
failing to act in the absence of any such directions. Notwithstanding the
foregoing, Trustee shall remain ultimately responsible for the investment of
Trust assets and may disregard any direction under this (c) to the extent
Trustee determines such direction is inconsistent with Trustee's fiduciary
duties hereunder.

SECTION 6.    DISPOSITION OF INCOME.

         During the term of this Trust, all income received by the Trust, net of
expenses and taxes, shall be accumulated and reinvested.

SECTION 7.    ACCOUNTING BY TRUSTEE.

         Trustee shall keep or cause to be maintained accurate and detailed
accounts of all investments, receipts and disbursements and other transactions
hereunder, and all accounts, books and records relating thereto shall be open to
inspection and audit at all reasonable times by any person or persons designated
by Employer. Trustee shall file with Employer annually or

                                    - 4 -
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more frequently if requested by Employer (and within 60 days following the
removal or resignation of Trustee) a written report setting forth all
investments, receipts and disbursements, and other transactions effected by it
to the date covered by the report, and showing all cash and other property
held at the end of such period. At the request of Employer, Trustee shall
establish and maintain separate records on contributions made hereunder by
Employer and any contributing subsidiary. Such funds may be commingled,
invested and reinvested hereunder in all respects as a commingled single fund,
but Trustee, to the extent it is maintaining separate records hereunder as to
the contributing entity, shall always maintain separate accounts within the
Trust showing the value of the separate interests of each contributing entity,
on a pro rata basis. In connection with the Plan, which provides for a
separate bookkeeping account for the interests of each participant therein,
Trustee shall maintain such separate account records for each participant and
beneficiary as it considers necessary or desirable for the proper
administration of the Trust.

SECTION 8.    RESPONSIBILITY OF TRUSTEE.

         (a)  Trustee shall act with the care, skill, prudence and diligence
under the circumstances then prevailing that a prudent person acting in like
capacity and familiar with such matters would use in the conduct of an
enterprise of a like character and with like aims, provided, however, that
Trustee shall incur no liability to any person for any action taken pursuant to
a direction, request or approval given by Employer which is contemplated by, and
in conformity with, the terms of the Plan or this Trust and is given in writing
by Employer. In the event of a dispute between Employer and a party, Trustee may
apply to a court of competent jurisdiction to resolve the dispute.

         (b)  Trustee may consult with legal counsel, who may be counsel for
Employer or in the employ of Employer, in respect to any of its rights, duties
and obligations hereunder.

         (c)  Trustee may hire agents, accountants, actuaries, investment
advisors, financial consultants or other professionals to assist it in
performing any of its duties or obligations hereunder.

         (d)  Trustee shall have, without exclusion, all powers conferred on
Trustees by applicable law, unless expressly provided otherwise herein,
provided, however, that if an insurance policy is held as a asset of the Trust,
Trustee shall have no power to name a beneficiary of the policy other than the
Trust, to assign the policy (as distinct from conversion of the policy to a
different form) other than to a successor Trustee, or to loan to any person the
proceeds of any borrowing against such policy.

         (e)  Notwithstanding any powers granted to Trustee pursuant to this
Trust Agreement or to applicable law, Trustee shall not have any power that
could give this Trust the objective of carrying on a business and dividing the
gains therefrom, within the meaning of section 301.7701-2 of the Procedure and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

                                    - 5 -
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SECTION 9.    COMPENSATION AND EXPENSES OF TRUSTEE.

         Employer shall pay all administrative and Trustee's fees and expenses
as shall be agreed to from time to time by Employer. If not so paid, the fees
and expenses shall be paid from the Trust.

SECTION 10.   RESIGNATION AND REMOVAL OF TRUSTEE.

         (a)  Trustee may resign at any time by written notice to Employer,
which shall be effective 60 days after receipt of such notice unless Employer
and Trustee agree otherwise.

         (b)  Trustee may be removed by Employer on 60 days' notice or upon
shorter notice accepted by Trustee.

         (c)  Upon resignation or removal of Trustee and appointment of a
successor Trustee, all assets shall subsequently be transferred to the successor
Trustee. The transfer shall be completed within 60 days after receipt of notice
of resignation removal or transfer, unless Employer extends the time limit.

         (d)  If Trustee resigns or is removed, a successor shall be appointed,
in accordance with Section 11 hereof, by the effective date of resignation or
removal under paragraphs (a) or (b) of this section. If no such appointment has
been made, Trustee may apply to a court of competent jurisdiction for
appointment of a successor or for instructions. All expenses of Trustee in
connection with the proceeding shall be allowed as administrative expenses of
the Trust.

SECTION 11.   APPOINTMENT OF SUCCESSOR.

         If Trustee resigns or is removed in accordance with Section 10(a) or
(b) hereof, Employer may appoint any third party, such as a bank or trust
department or other party that may be granted corporate trust powers under state
law, as a successor to replace Trustee upon resignation or removal. The
appointment shall be effective when accepted in writing by the new Trustee, who
shall have all of the rights and powers of the former Trustee, including
ownership rights in the Trust assets. The former Trustee shall execute any
instrument necessary or reasonably requested by Employer or the successor
Trustee to evidence the transfer.

SECTION 12.   AMENDMENT OR TERMINATION.

         (a)  This Trust Agreement may be amended by a written instrument
executed by Trustee and Employer. Notwithstanding the foregoing, no such
amendment shall conflict with the terms of the Plan or shall make the Trust
revocable after it has become irrevocable in accordance with Section 1(b)
hereof.

         (b)  The Trust shall not terminate until the date on which Plan
participants and their beneficiaries are no longer entitled to benefits pursuant
to the terms of the Plan. Upon termination of the Trust any assets remaining in
the Trust shall be returned to Employer.

                                    - 6 -
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         (c)  Upon written approval of participants or beneficiaries entitled to
payment of benefits pursuant to the terms of the Plan, Employer may terminate
this Trust prior to the time all benefit payments under the Plan have been made.
All assets in the Trust at termination shall be returned to Employer.

SECTION 13.   MISCELLANEOUS.

         (a)  Any provision of this Trust Agreement prohibited by law shall be
ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof.

         (b)  Benefits payable to Plan participants and their beneficiaries
under this Trust Agreement may not be anticipated, assigned (either at law or
in equity), alienated, pledged, encumbered or subjected to attachment,
garnishment, levy, execution or other legal or equitable process.

         (c)  This Trust Agreement shall be governed by and construed in
accordance with the laws of Wisconsin and of the United States of America.

         (d)  If the Internal Revenue Service (the "IRS") makes a final
determination that a Plan participant or beneficiary is subject to federal
income tax with respect to the value of any amounts held in accounts under this
Trust prior to the actual distribution to such participant or beneficiary, or
the Trustee receives an opinion of counsel satisfactory to it that it is likely
that the IRS will determine that such federal income tax will be payable as
described above, then the Employer may, at the written request of a participant
or beneficiary accompanied by evidence reasonably satisfactory to the Employer,
notify and direct the Trustee to make distribution of such amounts to the
participant or beneficiary as soon thereafter as practicable.

SECTION 14.   EFFECTIVE DATE.

         The effective date of this Trust Agreement shall be the date first
above set forth.

                                                PLEXUS CORP.

                                         BY:             /s/
                                                --------------------------------

                                    ATTEST:              /s/
                                                --------------------------------

                                                BANKERS TRUST COMPANY

                                         BY:              /s/
                                                --------------------------------

                                    ATTEST:               /s/
                                                --------------------------------

                                    - 7 -
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                              INVESTMENT AGREEMENT

WHEREAS, PLEXUS CORP. (the Company) has retained Bankers Trust Company, N.A. Des
Moines, (BTC) as Trustee of the Trust Fund (the Trust) established with respect
to certain plans established to provide deferred compensation, for certain of
its employees.

AND WHEREAS, that Trust is evidenced by certain Trust Agreement by virtue of
which BTC has agreed to serve as Trustee,

AND WHEREAS, that section 5(c) of the Trust authorized BTC to act pursuant to
investment guidelines agreed to in writing form time to time by the Company and
BTC,

NOW, THEREFORE, in consideration of mutual promises and covenants contained
herein and the performance thereof, it is hereby agreed by and between these
Parties:

1.       All contribution to the aforementioned Plan and all assets of the Trust
         will be held in certain annuity contracts, mutual fund shares, or other
         instruments issued by Principal Life Insurance Company or other
         companies which are members of The Principal Financial Group.

2.       BTC will not be liable for the acts or omission of Principal Life
         Insurance Company or other companies which are members of The Principal
         Financial Group with regard to the investment of the contributions of
         the aforementioned plans and all assets of the Trust.

3.       That this agreement shall run for the full term of the Trust unless
         superseded by a subsequent written agreement between the Parties. This
         Agreement shall be terminated immediately and without notice if the
         Trust is terminated, or if BTC resigns or is removed from its role as
         Trustee.

4.       That this agreement shall be construed, interpreted, and governed by
         the laws of the State of Iowa.

This Agreement shall be effective on this 1st day of February, 2003.

AGREED & ACCEPTED:

         /s/                                             /s/
---------------------------------------         --------------------------------

Plexus Corp.                                    Bankers Trust Company, N.A.

Title Vice President, Human Resources           Trust Officer

Date     4/1/03                                 Date     4-11-03
     ----------------------------------             ---------------------------<PAGE>
                                                                 EXHIBIT 10.15(b

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is made as of the 1st day
of September, 2003, by and between Plexus Corp., a Wisconsin corporation
("Employer"), and Dean A. Foate, a Wisconsin resident individual ("Employee").

         WHEREAS, Employee is currently employed as the President and Chief
Executive Officer of Employer; and

         WHEREAS, the Employer and the Employee have previously entered into an
employment agreement dated July 1, 2002 (the "Prior Agreement"); and

         WHEREAS, the Employer and the Employee desire to amend the provisions
of the Prior Agreement to modify the term of the Agreement and to extend the
period of time following Employee's termination of employment during which
Employee agrees that he will not compete with the Employer and to make other
miscellaneous modifications; and

         WHEREAS, Employee is willing to commit himself to serve Employer upon
the terms and conditions herein provided; and

         WHEREAS, Employer and Employee have agreed to restrict Employee's
ability to disclose confidential information and to compete with Employer with
respect to the type of business conducted by Employer and its subsidiaries
(collectively, the "Company"); and

         WHEREAS, any breach of this Agreement by Employee will cause
irreparable injury to Employer; and

         WHEREAS, Employee has consulted with and obtained advice from
independent legal counsel concerning the terms and conditions of this Agreement,
or has had the opportunity to do so which he has declined; and

         WHEREAS, in order to effect the foregoing, Employer and Employee wish
to enter into this Agreement on the terms and conditions set forth below.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, it
is hereby mutually agreed as follows:

         1. Recitals. The recitals set forth above shall constitute and be
deemed to be an integral part of this Agreement.

         2. Employment and Acceptance. During the Term (as hereinafter defined)
of this Agreement, Employer hereby agrees to employ Employee as President and
Chief Executive Officer upon the terms and conditions hereinafter set forth.
Employee hereby accepts such employment and agrees:

                  (a) Except for illness, vacation periods, and reasonable
leaves of absence, to devote all of his working time, attention and energy,
using his best efforts, to the duties and
<PAGE>
responsibilities as are customary for an employee of a business of like size and
nature to that of the Employer, as well as to any other duties and
responsibilities that may be mutually agreed upon in writing between Employer
and Employee from time to time; provided, however, that Employee shall be
permitted to serve as a director of other noncompeting entities and/or as a
director and/or officer of a nonprofit or industry association so long as such
activities do not interfere with the performance of Employee's duties hereunder;

                  (b) faithfully to serve and further the interests of Employer
in every lawful way, giving honest, diligent, loyal and cooperative service to
Employer;

                  (c) to comply with all rules and policies which, from time to
time, may be reasonably and uniformly adopted by Employer, including, without
limitation, those rules and policies regarding disclosure of information
concerning Employer, its business, affairs, plans or customers; and

                  (d) to be responsible for duties, including but not limited
to, acting as President and Chief Executive Officer, as well as any of the other
operations requiring Employee's assistance.

         During the Term it shall not be a violation of this Agreement for
Employee to manage personal investments, so long as such activities do not
significantly interfere with the performance of Employee's responsibilities as
an employee of Employer in accordance with this Agreement.

         3. Compensation. As compensation for the services to be performed by
Employee under this Agreement, and the noncompetition covenant contained herein,
Employer agrees to pay to Employee, and Employee agrees to accept, an initial
base salary of $450,000 per year, payable at Employer's normal payroll
intervals, subject to required payroll withholding provisions. Employee shall be
eligible for changes in future years consistent with performance and Employer's
evaluation criteria and compensation policies.

         4. Bonus/Incentive Compensation. Employee shall participate in any
bonus or incentive compensation plan of Employer on the terms and conditions
determined by the Compensation and Leadership Development Committee of Employer,
but in a manner not less favorable than other executive officers of Employer.

         5. Employee Benefits. Employee shall receive benefits that are
substantially similar to those offered under Employer's benefit plans and
programs for an executive officer, including, without limitation, any medical,
life, disability, and vacation.

         6. Stock Options. Employee shall participate in Employer's Stock Option
Plan consistent with Employee's position with the Company and in accordance with
the currently effective Stock Option Plan, or any similar long-term incentive
plan which may be implemented in the future.

         7. Term. The term of this Agreement (the "Term") shall commence on
September 1, 2003 and shall continue until the earliest to occur of the
following:

                                       2
<PAGE>
                  (a) the termination of Employee's employment for Cause upon
ten (10) business day's prior written notice to Employee;

                  (b) Employee's termination of employment for Good Reason upon
ten (10) business day's prior written notice to Employer;

                  (c) Employee's or Employer's termination of Employee's
employment without Cause or without Good Reason upon ninety (90) days' prior
written notice to the other (this notice period shall not extend the term of
this Agreement);

                  (d) Employee's death or Disability; or

                  (e) August 31, 2006; provided, however, that on each August 31
the Term shall automatically be extended for an additional one-year period
(restoring the full three-year term), unless either party notifies the other
party in writing at least six (6) months prior to such date of the party's
intention not to extend the Agreement.

         8. Cause. The term "Cause" as used herein with respect to the
termination of this Agreement shall mean:

                  (a) A good faith determination by Employer after reasonable
investigation that Employee has committed fraud, misappropriation, embezzlement,
or theft against or from Employer;

                  (b) Employee's conviction of a felony, or of any other crime
that brings discredit to Employer or materially impairs Employee's ability to
perform Employee's job;

                  (c) Employee's failure to carry out the reasonable directives
of the Employer or his material duties and responsibilities under this
Agreement, after written notice of such failure and a reasonable opportunity to
cure; or

                  (d) Employee's material breach of Employee's obligations of
noncompetition or nondisclosure under Sections 12 and 13, respectively, of this
Agreement;

         9. "Good Reason" shall mean:

                  (a) Material reduction of Employee's base salary under Section
3 bonus/incentive compensation under Section 4, or benefits under Section 5,
stock options under Section 6, or other material breach by the Company of its
obligations under this Agreement;

                  (b) Assignment of Employee to duties inconsistent with and
substantially diminished from his responsibilities as holding the position
specified in Section 2; or

                  (c) Relocation of Employee to any location outside the
Appleton metropolitan area.

                  (d) The delivery by the Company of a notice of non-renewal
pursuant to Section 7(e) hereof.

                                       3
<PAGE>

         10. Disability. The term "Disability" as used herein with respect to
the termination of this Agreement shall mean the inability of Employee, as a
result of physical or mental incapacity, to substantially perform his duties
with Employer for a period of three consecutive months.

         11. Compensation Upon Termination.

                  (a) In the event that the Employer terminates Employee for
Cause (Section 7(a)), Employee voluntarily resigns without Good Reason during
the term of this Agreement (Section 7(c)), Employee dies or is Disabled (Section
7(d)), or in the event that this Agreement expires naturally at the conclusion
of the Term under Section 7(e), Employer shall have no further obligation to pay
to Employee or provide Employee with either salary or other benefits, except
those which may have accrued as of the date of such termination or as available
through any disability insurance or other applicable plan or program.

                  (b) In the event that Employer terminates Employee without
Cause (Section 7(c)), or Employee resigns with Good Reason (Section 7(b)), or
Employer fails to continue to employ Employee on substantially the same terms
hereof, Employee shall be entitled to Employee's base salary and benefits (which
shall include welfare benefits, the 401(k) plan, the Employee Stock Purchase
Plan, the deferred compensation program, the executive reimbursement program,
the company vehicle program, and any other benefit programs of a similar nature)
through the remainder of the term of this Agreement or for three years,
whichever is greater. Employee shall also be entitled to a target bonus or
incentive compensation benefit for the remainder of the term of this Agreement,
or for three years, whichever is greater. In addition, for the remainder of the
term of this Agreement, or for three years, whichever is greater, the Employer
shall treat Employee as a continuing employee for purposes of vesting and
exercising stock options which were granted to him prior to the termination
date.

                  (c) The Change in Control Agreement dated as of August 1, 1998
between Employer and Employee (the "Change in Control Agreement") shall remain
in full force and effect, and is not superceded by the terms of the Agreement;
provided, however, that in the event of a termination covered by the Change in
Control Agreement, Employee shall be entitled to the greater of the benefits
thereunder or hereunder, but not both.

                  (d) The amounts payable pursuant to subsection 11(b) above or
pursuant to the Change in Control Agreement shall be in lieu of any other
severance benefits during the Term or at the end of the Term.

         12. Non-Competition.

                  (a) The parties agree that the profitability and reputation of
the Company depend on continued amicable relations with the Company's suppliers
and customers. Employee agrees that he will not cause, request, solicit, or
advise any suppliers or customers of the Company during the Term or for two
years thereafter, to curtail or cancel their business with the Company, other
than in the ordinary course of business.

                                       4
<PAGE>

                  (b) Employee agrees that during Employee's employment with
Employer and for a period of two years thereafter (when Employee may be
receiving payment under Section 11(b) hereof, as applicable), the Employee will
not:

                           (i) Render services, either directly or indirectly,
to any Competitor in connection with the development, marketing, promotion,
distribution, sale, or licensing of any Competitive Services; or

                           (ii) Engage, either directly or indirectly, within
the Restricted Area, either on behalf of the Employee or as a representative,
agent, employee, officer, director, trustee, stockholder or partner, joint
venturer or investor, in the development, marketing, promotion, distribution,
sale, or licensing of any Competitive Services.

                           (iii) The capitalized terms used in this Section
12(b) shall have the meanings as follows:

                                    (A) Business. "Business" shall mean the
                  business and operations of the Company.

                                    (B) Competitive Services. "Competitive
                  Services" shall mean a service or product, developed,
                  marketed, distributed or provided by a Competitor, which is
                  the same as or is directly competitive with a service or
                  product constituting a part of the Business and with respect
                  to which the Employee has acquired confidential information by
                  reason of the Employee's position and duties with the Company.

                                    (C) Competitor. "Competitor" shall mean (a)
                  any person engaged in, or about to become engaged in, the
                  development, marketing, distribution or provision of any
                  Competitive Service on behalf of other parties, and (b) any
                  customer of the Company, as of the date of this Agreement or
                  during the Term, which begins to perform for itself services
                  previously provided by the Company.

                                    (D) Restricted Area. "Restricted Area" shall
                  mean, collectively: (a) Outagamie, Winnebago and Brown
                  counties in the State of Wisconsin; and (b) anywhere else
                  within a twenty-five (25) mile radius of any location in any
                  U.S. city in which the Company had, at any time during the
                  Term, a place of business at or through which it engaged in
                  the Business.

                           (iv) Nothing in Section 12(b) shall prohibit the
Employee from owning or acquiring securities of any corporation or other
business enterprise that may be engaged in activities described in this Section,
provided that: (A) the Employee is not an officer, director or employee of, or
consultant to, such corporation or business enterprise; (B) such securities are
held by the Employee for investment purposes only and represent less than five
percent (5%) of the total voting power and of the total equity interests of such
corporation or business enterprise; and (C) such securities are listed on a
national securities exchange or are regularly quoted in the over-the-counter
market by one or more members of the National Association of Securities Dealers.

                                       5
<PAGE>
                           (v) It shall not be deemed a violation of this
Section 12(b) if the Employee accepts employment with a business entity which is
diversified and made up of separate divisions in which, as to parts of its
business, is not a Competitor, provided that Employer shall be furnished prior
to such employment definitive written assurances satisfactory to it, separately
from the Employee and such business entity, that the Employee will not be
expected, required or permitted to, and in fact does not, render services
directly or indirectly to a division or a part of such business entity which
division or part is a Competitor.

                  (c) The parties agree that the profitability and reputation of
Employer also depend on employment relationships with its employees. Employee
agrees that he will not cause, request, or advise any employees of Employer
during the Term to terminate or curtail their employment with the Company during
the Term (except for performance related terminations in accordance with
Employer standards, in consultation with Employer's Human Resources Department)
and for two years after the Term.

                  (d) During the Term, Employee shall not be an officer or
employee of any other business entity without Employer's prior written consent,
except as otherwise permitted herein.

         13. Confidentiality. Employee recognizes that as a key member of the
staff of Employer, Employee occupies a position of trust with respect to
business information of a secret or confidential nature, which is the property
of the Company, and which was imparted to or developed by Employee from time to
time in the course of Employee's duties. Employee, therefore, agrees that:

                  (a) Employee will not at any time or in any manner, directly
or indirectly, use or disclose such information, except as specifically directed
to do so by Employer or a court of competent jurisdiction;

                  (b) immediately upon termination of employment with Employer,
he will promptly return to Employer, at its direction and expense, any and all
copies of records, drawings, writings, materials, memoranda, computer programs
and printouts and other data pertaining to such secret or confidential
information; provided, however, that Employee shall be permitted to retain his
personal property; and

                  (c) information of a secret or confidential nature is any
information that would constitute a "trade secret," including but not limited
to, test programs and systems relating to inventory control or any other aspect
of the business of the Company; patents and patent applications; copyrights or
copyright applications, inventions and improvements, whether patentable or not;
writings, whether copyrightable or not; development projects; machines,
policies, processes, formulas, techniques, normative data, know-how, data, data
bases, computer design, computer programs or software and facts relating to
development and implementation of inventory controls relative to the business of
the Company, requirements for systems and programs, customer lists, customers'
purchases or rentals, business records, price lists, business plans and
forecasts and other trade secrets.

                                       6

<PAGE>
                  (d) Provided, however, that subparagraphs (a) and (c) above
shall not apply to any such information which (1) was or is in the public domain
or (2) hereafter through an act or failure becomes information generally
available to the public.

                  (e) In addition, the terms of the Employer's Agreement with
Regard to Proprietary Information Including Inventions, Patents, Copyrights,
Trade Secrets, and Confidential Information, dated as of June 1, 1990 between
Employer and Employee (the "Trade Secrets Agreement") shall remain in full force
and effect.

         14. Remedies. In addition to other remedies provided by law or equity,
upon a breach by Employee of any of the covenants contained in Sections 12 and
13 hereof, Employer shall be entitled to seek an injunction against Employee
prohibiting any further breach of the covenants contained herein. The parties
agree that it is impossible to measure in money the damages that may accrue to
the Company by reason of Employee's failure to perform any of his obligations
under this Agreement. Therefore, in the event of any controversy concerning
rights or obligations under this Agreement, such rights or obligations may be
enforceable in a court of competent jurisdiction at law or equity by a decree of
specific performance or, if the Company elects, by obtaining damages or such
other relief as the Company may elect to pursue. Such remedies, however, shall
be cumulative and nonexclusive and shall be in addition to any other remedies
which the Company may have.

         15. Assignment. The rights, duties and obligations hereunder may not be
assigned or delegated by either party without the other's written consent.

         16. Notice. Any notice (including notice of change of address)
permitted or required to be given pursuant to the provisions of this Agreement
shall be made as provided in the Purchase Agreement.

         17. Waiver. The failure to enforce any provision of this Agreement by
either party shall not operate or be construed as a waiver of any provision or
obligation of either party.

         18. Invalidity of Any Provision. The provisions of this Agreement are
severable, it being the intention of the parties hereto that should any
provisions hereof be invalid or unenforceable, such invalidity or
unenforceability of any provision shall not affect the remaining provisions
hereof, but the same shall remain in full force and effect as if such invalid or
unenforceable provisions were omitted.

         19. Applicable Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Wisconsin.

         20. Headings. Headings in this Agreement are for informational purposes
only and shall not be used to construe the intent of this Agreement.

         21. Counterparts. This Agreement may be executed simultaneously in any
number of counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same agreement.

                                       7
<PAGE>
         22. Reasonableness of Restrictions. EMPLOYEE HAS HAD THE OPPORTUNITY TO
CONSULT COUNSEL, HAS READ THIS AGREEMENT AND AGREES THAT THE CONSIDERATION
PROVIDED BY EMPLOYER IS FAIR AND REASONABLE AND FURTHER AGREES THAT THE
POST-EMPLOYMENT RESTRICTIONS ON EMPLOYEE'S ACTIVITIES ARE LIKEWISE FAIR AND
REASONABLE.

         23. Amendment. This Agreement may be further amended or canceled by
mutual agreement of the parties in writing without the consent of any other
person and, so long as Employee lives, no person, other than the parties hereto,
shall have any rights under or interest in this Agreement or the subject matter
hereof.

         24. Entire Agreement. This Agreement, together with the Change in
Control Agreement and the Trade Secrets Agreement and the other documents and
materials referred to herein or therein (collectively, the "Effective
Agreements"), constitute the entire understanding of the parties with respect to
the subject matter hereof. There are no restrictions, promises, warranties,
covenants or undertakings other than those expressly set forth herein and
therein. The Effective Agreements supersede all prior negotiations, agreements
and undertakings between the parties with respect to such subject matter,
including without limitation the Prior Agreement.

         IN WITNESS WHEREOF, the parties hereto have executed this Employment
Agreement as of the date first above written.

                           PLEXUS CORP.

                           By:      /s/
                           -------------------------------------
                                    John L. Nussbaum, Chairman of the Board

                           By:      /s/
                           --------------------------------------
                                    F. Gordon Bitter, Vice President and CFO

                           EMPLOYEE:

                                /s/
                           -----------------------------------
                                Dean A. Foate

                                       8

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