Document:

Document

Exhibit 10.9

Summary of Pixelworks Non-Employee Director Compensation

						
	General Board Service - Cash	Annual Retainer: $40,000
	General Board Service - Equity	Initial grant upon election or appointment: $74,000 fair value in stock options (based on Black-Scholes valuation assumptions consistent with the Company’s financial reporting obligations and 30-day average stock price) with a six year term vesting 25% on the first anniversary of the grant date, and ratably on a monthly basis thereafter for the next three years, subject to acceleration on change of control

Annual grant at annual meeting of shareholders: $74,000 fair value in RSUs (based on 30-day average stock price) vesting on first to occur of (1) the day before the next annual meeting of the Company’s shareholders that follows the grant date, or (2) the first anniversary of the grant date, subject to acceleration on change of control
	Committee Member Service - Additional Annual Fees	Committee member annual fees:

Audit: $8,000 (paid quarterly)

Comp: $5,000 (paid quarterly)

Corp Gov/Nom: $3,000 (paid quarterly)
	Committee Chair Service - Additional Annual Fees	Committee Chair fees:

Audit: $19,000 (paid quarterly)

Comp: $10,000 (paid quarterly)

Corp Gov/Nom: $7,500 (paid quarterly)
	Chairman of the Board	Additional annual retainer: $28,000John Wiley & Sons, Inc.

    Amendment No. 2 to the John Wiley & Sons, Inc. Deferred Compensation Plan For
      Directors’ 2005 & After Compensation (the “Plan”)

    

    

    

    

    

    

    RESOLVED,
      that, effective as of December 15, 2021, Section 4.02 of the Plan is amended to read as follows:

    

    

    4.02 Investment of Director Fee Accounts

    

    

    
      	
              (a)

            	
              Each Participant may designate, in accordance with the procedures established from time to time by the Administrative Committee, the Participant’s
                preference for the manner in which the amounts in his or her Director Fee Account will be invested from among the investment funds made available for such designation from time to time by the Administrative Committee. The available
                investment funds will be attached to the Plan as Attachment A. The Administrative Committee may add or delete any investment fund at any time. If a Participant fails to make a designation, then his or her Director Fee Account will be deemed
                to be invested in the investment fund designated by the Administrative Committee from time to time for such default. The Administrative Committee may establish restrictions on the investment funds in such manner as it deems appropriate.

            

    

    

    

    
      	
              (b)

            	
              A Participant may change his or her investment designation for future contributions to be allocated to his or her Director Fee Account. Any such change
                will be made in accordance with the procedures established by the Administrative Committee, and the frequency of such changes may be limited by the Administrative Committee.

            

    

    

    

    
      	
              (c)

            	
              A Participant may also convert his or her investment designation with respect to the amounts already allocated to his or her Director Fee Account. Any
                such conversion will be made in accordance with the procedures established by the Administrative Committee, and the frequency of such conversions may be limited by the Administrative Committee.

            

    

    

      
        

    

    

    

    Attachment A

    

    

    Important Changes to the John Wiley & Sons, Inc. Deferred Compensation Plan
      for Directors

    

    

    We are pleased to announce that starting in February 2022, the John Wiley & Sons, Inc. Deferred Compensation
      Plan for Directors will offer a robust website and a better mobile experience, thanks to a new partnership with Newport.

    Newport is a leading retirement services and asset management firm specializing in the design, funding, and
      administration of deferred compensation plans for hundreds of the largest and best-known companies.

    Some of the features that you will be able to take advantage of at Newport include:

    
      	
              •

            	
              An enhanced website with modeling, planning, and forecasting tools

            

    

    
      	
              •

            	
              An easy-to-use mobile experience for accessing your account through tablets and/or smartphones

            

    

    
      	
              •

            	
              A service center staffed with professional benefit specialists to provide you with personalized service

            

    

    

    

    Investment Menu Updates

    
      The investment options available in the Plan are periodically reviewed to ensure that a broad range of appropriate options are
        offered. Based on these reviews, and in an effort to maintain symmetry among benefit offerings, the following replacements will be made in the plan’s investment lineup effective February 1, 2022.

    

    

    

    
      	
              Tier 1 – Target Date Funds/Hybrid

            	 	
              Tier 2 – Passively Managed Funds

            
	
              Fidelity VIP Freedom® Income Svc

            	 	
              Fidelity® VIP Index 500 Initial

            
	
              Fidelity VIP Freedom® 2005 Svc

            	 	
              Vanguard VIF Mid-Cap Index

            
	
              Fidelity VIP Freedom® 2010 Svc

            	 	
              Vanguard VIF Total Intl Stock Market Index

            
	
              Fidelity VIP Freedom® 2015 Svc

            	 	
              Vanguard VIF Total Bond Market Index

            
	
              Fidelity VIP Freedom® 2020 Svc

            	 	 
	
              Fidelity VIP Freedom® 2025 Svc

            	 	 
	
              Fidelity VIP Freedom® 2030 Svc

            	 	
              Tier 3 – Actively Managed Funds

            
	
              Fidelity VIP Freedom® 2035 Svc

            	 	
              Vanguard VIF Diversified Value

            
	
              Fidelity VIP Freedom® 2040 Svc

            	 	
              American Funds IS® Growth 2

            
	
              Fidelity VIP Freedom® 2045 Svc

            	 	
              Vanguard VIF Small Company Growth

            
	
              Fidelity VIP Freedom® 2050 Svc

            	 	
              Vanguard VIF International

            
	
              Fidelity VIP Freedom® 2055 Svc

            	 	
              Fidelity® VIP Investment Grade Bd Svc

            
	
              Fidelity VIP Freedom® 2060 Svc

            	 	
              Goldman Sachs VIT Money Market Instl

            
	
              Fidelity VIP Freedom® 2065 Service

            	 	
              John Wiley Fixed Rate

            

    

     

    

     

    

    We are excited about the upcoming changes to our DCP and feel confident that you will also be pleased with the enhancements. Watch
      for more details to be announced in the coming months.JOHN WILEY & SONS, INC.

    Amendment to the John Wiley & Sons, Inc. Employees’ Savings Plan

    

    

    

    

    WHEREAS, John Wiley & Sons, Inc. (the “Company”)
      maintains the John Wiley & Sons, Inc. Employees’ Savings Plan (the “Plan”); and

    WHEREAS, pursuant to Section 12.01
      of the Plan, the Board of Directors of the Company (the “Board”) reserves the right to amend the Plan from time to time, subject to certain conditions not here relevant; and

    WHEREAS, the Board wishes to clarify
      the eligibility provisions of the Plan to eliminate the 90- day waiting period for participation; and

    WHEREAS, the Board wishes to amend the Company Contribution provisions of the Plan to remove suspension following company contribution withdrawal; and

    WHEREAS, the Board wishes to reduce the length of time before auto-enrollment begins;

    NOW, THEREFORE be it,

    RESOLVED, that, effective January 1,
      2022, Section 2.01 of the Plan is clarified to read as follows:

    Each employee will be eligible to become a Participant on any Enrollment Date next following the date on which he or
      she completes six months (three months, effective on and after January 1, 2014) of employment with the Company or Affiliated Company, provided he or she is then (i) an Employee, except as otherwise provided in Appendix A, and (ii) ineligible to
      participate in another defined contribution savings plan maintained by the Company or an Affiliated Company. Effective January 1, 2022, a Participant will eligible to become a Participant on any Enrollment Date after the date of hire without the
      requirement to first complete a period of employment, but otherwise subject to the foregoing requirements and provided that contribution elections are made pursuant to Section 2.02 or Section 3.01.

    and be it further

    RESOLVED, that, effective as of January
      1, 2022, Section 3.01(a) of the Plan is amended to read as follows:

    With respect to an Employee who is employed or reemployed by the Company on or after January 1, 2022 and does not affirmatively enroll in
      the Plan on or after his or her Enrollment Date, the Employee will be automatically enrolled in the Plan as of the first payroll period commencing on or next follow the date that is thirty (30) days after the Employee’s date of hire or rehire. The
      escalating contribution provisions of the preceding paragraph will continue to apply.

    
      
        

    

  

   

    

  and be it further 
    RESOLVED, that, effective as of January
      1, 2022, Section 7. 03(b) of the Plan is amended by adding the following to the end thereof:

    Notwithstanding the foregoing, effective January 1, 2022, a Participant will no longer be suspended from making
      contributions to the Plan due to a withdrawal of Company Contributions.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}]]