Document:

EX-10.2

PLEXUS CORP.

DIRECTOR NONQUALIFIED STOCK OPTION AGREEMENT

	 	 	 
	TO: [name]

DATE:

	 	

[date]

In order to provide additional incentive through stock ownership for directors of Plexus Corp.
(the “Corporation”), you (the “Grantee”) are hereby granted a Stock Option (“Option”) effective as
of      , 20     (the “Grant Date”), to purchase      shares of the Corporation’s Common
Stock at a price per share of $     . This Option is subject to the terms and conditions set forth
in this Agreement and in the Plexus Corp. 2005 Equity Incentive Plan (the “Plan”), the terms of
which are incorporated herein by reference.

1. Number of Shares Optioned; Exercise Price. The Corporation grants to Grantee a
nonqualified stock option to purchase, on the terms and conditions hereof and of the Plan, all or
any part of an aggregate of      shares of the Corporation’s Common Stock, $.01 par value, at
the purchase price of $    per share.

2. Period of Exercise. This option shall become exercisable beginning six months from
the date of grant, regardless of whether the Grantee is still a Director on such date. All rights
to exercise this option shall terminate upon the earlier of (a) ten (10) years from the date the
option is granted, or (b) one (1) year from the date the Grantee ceases to be a Director.

3. Method of Exercising Option. Grantee may exercise this option by logging on to
www.etrade.com/stockplans.com or by calling E*Trade at 800.838.0908 in the U.S. or
1.650.599.0125 outside the U.S. The website provides detailed instructions on how to exercise
stock options as well as other relevant information pertaining to the grant. An “insider” is
subject to blackout restrictions which may prevent exercise during certain time periods referred to
as the ‘blackout period”. If you are considered an “insider” you have been notified of the
restrictions via email.

4. No Rights in Shares Until Issued. Neither the Grantee nor Grantee’s heirs,
executor or administrator shall be, or have any of the rights or privileges of, a stockholder of
the Corporation in respect of any of the shares issuable upon the exercise of the option herein
granted, unless and until such shares are fully paid and issued to him/her upon exercise of this
Option.

5. Option Not Transferable During Grantee’s Lifetime. This option shall not be
transferable by Grantee other than by last will and testament or by the laws of descent and
distribution. During Grantee’s lifetime, this option shall be exercisable only by Grantee or
Grantee’s guardian or legal representative. In the event of the Grantee’s death, the personal
representative of the Grantee’s estate or the person or persons to whom the Option is transferred
by will or the laws of descent and distribution may exercise the Option in accordance with its
terms.

6. Effect of Change in Stock. In the event of a reorganization, recapitalization,
stock split, stock dividend, merger, consolidation, rights offering or like transaction, the
Committee shall make or provide for such adjustment in the exercise price of the option or in the
number of kinds of stock covered by the option as it may, in its discretion, deem to be equitable
provided, however, in the event of (a) the merger or consolidation of the Corporation with or into
another corporation or corporations in which the Corporation is not the surviving corporation, (b)
the adoption of any plan for the dissolution of the Corporation, or (c) the sale or exchange of all
or substantially all the assets of the Corporation for cash or for shares of stock or other
securities of another corporation, the Committee may elect to cancel this option. In the event the
option is canceled, the Corporation, or the corporation assuming the obligations of the Corporation
hereunder, shall pay Grantee an amount of cash or stock, as determined by the Committee, equal to
the Fair Market Value per share of the Stock immediately preceding such cancellation over the
option exercise price, multiplied by the number of shares subject to the option.

7. Liquidation. Anything contained herein to the contrary notwithstanding, upon the
complete liquidation of the Corporation, this option shall be canceled.

8. Successors. This agreement shall be binding upon and inure to the benefit of any
successor or successors of the Corporation.

9. Wisconsin Contract. This option has been granted in Wisconsin and shall be
construed under the laws of that state.

To accept this grant, agreement and other linked materials please logon with your user name
and password to www.etrade.com/stockplans.com and select the Stock Options page. This
grant will be listed at the bottom of all prior grants and will be labeled in the status column as
“Requires Acceptance”. Clicking on this link will take you to the Grant Acceptance page which will
allow you to view and print (recommended) all applicable documents related to this grant. To
accept the grant and all applicable documents you will type in your password and click accept. By
accepting this grant online you acknowledge and accept this grant and the terms and conditions.
You also acknowledge receipt of this Stock Option Agreement, a copy of the 2005 Equity Incentive
Plan, and a copy of the Insider Trading Restrictions and Policies. If this grant is not accepted
online within 30 days from the grant date of this Agreement, this Option will be deemed refused and
may be withdrawn.

The terms of the Plan shall have precedence over any terms in this Agreement that are
inconsistent therewith.

PLEXUS CORP.

By: /s/ Joseph D. Kaufman

	 	 	 	SecretaryEX-10.3

PLEXUS CORP.

RESTRICTED STOCK AGREEMENT

	 	 	 
	TO: [name]

DATE:

	 	

[date]

In order to provide additional incentive through stock ownership for certain officers and key
employees of Plexus Corp. (the “Corporation”) and its subsidiaries, you (the “Grantee”) are hereby
granted a restricted stock award (“Award”) effective as of      , 20     (the “Grant Date”). This
Award is subject to the terms and conditions set forth in this Agreement and in the Plexus Corp.
2005 Equity Incentive Plan (the “Plan”), the terms of which are incorporated herein by reference.

1. NUMBER OF SHARES

This Restricted Stock Award applies to      shares of the Corporation’s Common Stock,
$.01 par value (the “Restricted Stock”).

2. VESTING REQUIREMENTS

[One of the following alternatives shall be designated. If no alternative is designated,
Alternative 1 shall apply]:

	 	 	 	[ ] Alternative 1: This Award shall become vested in accordance with the
schedule set forth below:

	 	 	 	 	 
	Years After	 	 
	Grant Date	 	% of Shares Becoming Vested
	Less than 1

	 	 	0	%
	 
	 	 	 	 
	1 but less than 2

	 	Thirty Three and one third percent (33?%)

	 
	 	 	 	 
	2 but less than 3

	 	Sixty six and two thirds percent (66?%)

	 
	 	 	 	 
	3 but less than 10

	 	One hundred percent (100%)

[ ] Alternative 2: This Award shall become vested in accordance with the schedule established
by the Committee at the time of grant and set forth below:

Notwithstanding the foregoing, the Award shall fully vest upon a Change in Control, as defined
in the Plan.

	 	 	 	3.

1

RESTRICTED PERIOD

The period of time during which the Restricted Stock is forfeitable is referred to as the
“Restricted Period.” If your employment with the Corporation or one of its subsidiaries terminates
during the Restricted Period for any reason, then the unvested portion of the Restricted Stock
shall be forfeited to the Corporation on the date of such termination, without any further
obligation of the Corporation to you and all your rights with respect to the unvested part of the
Restricted Stock shall terminate.

4. RIGHTS DURING RESTRICTED PERIOD

During the Restricted Period, you shall have the right to vote the Restricted Stock and to
receive cash dividends. If any stock dividend is declared upon the Restricted Stock, or there is
any stock split, stock distribution, or other change in the corporate structure of the Corporation
with respect to the Restricted Stock, the aggregate number and kind of shares covered by this grant
shall be proportionately and appropriately adjusted (subject to the same restrictions applicable to
the original Restricted Stock). You shall not be permitted to sell, assign, transfer, pledge or
otherwise encumber the Restricted Stock during the Restricted Period.

5. CUSTODY

The Restricted Stock issued to you may be credited in book entry form and held in custody by
the Corporation or an agent for the Corporation until the applicable restrictions have expired. If
any certificates are issued for shares of Restricted Stock during the Restricted Period, such
certificates shall bear an appropriate legend as determined by the Corporation referring to the
applicable terms, conditions and restrictions and you agree to deliver a signed, blank stock power
to the Corporation relating thereto. On each date that the Restricted Stock vests, the Corporation
shall, or shall cause its transfer agent to, issue unrestricted shares to you for those vested
shares. Additionally, on the final vesting date, the Corporation shall deliver to you any blank
stock power that you signed and delivered to the Corporation in connection with your Restricted
Stock grant.

6. TAX WITHHOLDING

The Corporation may require, as a condition to the vesting of any shares of the Restricted
Stock, that you pay to the Corporation any taxes which the Corporation is required to withhold by
reason of such vesting. In lieu of part or all of such payment, you may request, subject to such
rules and regulations as the Committee may adopt from time to time, that the Corporation withhold a
portion of the shares otherwise becoming vested to defray all or a portion of any applicable taxes,
or request that the Corporation or its subsidiaries withhold the required amounts from other
compensation payable to you.

7. TRANSFER RESTRICTIONS AFTER VESTING

Under applicable securities laws, you may not be able to sell any shares for a period of time
after vesting, and you must comply with the Corporation’s Insider Trading Restrictions and Policies
(copy attached). The Corporation’s counsel should be consulted on your ability to sell your shares
under the 1934 Act.

8. NO EMPLOYMENT AGREEMENT INTENDED

Neither the establishment of, nor the awarding of Awards under this Plan shall be construed to
create a contract of employment between you and the Corporation or its subsidiaries; nor does it
give you the right to continue in the employment of the Corporation or its subsidiaries or limit in
any way the right of the Corporation or its subsidiaries to discharge you at any time and without
notice, with or without cause, or to any benefits not specifically provided by this Plan, or in any
manner modify the Corporation’s right to establish, modify, amend or terminate any profit sharing,
retirement or other benefit plans.

9. WISCONSIN CONTRACT

This Agreement reflects an Award made in Wisconsin and shall be construed under the laws of
that state without regard to the conflict of laws provision of any jurisdiction.

To accept this grant, agreement and other linked materials please logon with your user name
and password to www.etrade.com/stockplans.com and select the Stock Options page. This
grant will be listed at the bottom of all prior grants and will be labeled in the status column as
“Requires Acceptance”. Clicking on this link will take you to the Grant Acceptance page which will
allow you to view and print (recommended) all applicable documents related to this grant. To
accept the grant and all applicable documents you will type in your password and click accept. By
accepting this grant online you acknowledge and accept this grant and the terms and conditions.
You also acknowledge receipt of this Restricted Stock Agreement, a copy of the 2005 Equity
Incentive Plan, and a copy of the Insider Trading Restrictions and Policies. If this grant is not
accepted online within 30 days from the grant date of this Agreement, this Award will be deemed
refused and may be withdrawn.

The terms of the Plan shall have precedence over any terms in this Agreement that are
inconsistent therewith.

PLEXUS CORP.

By: /s/ Joseph D. Kaufman

	 	 	 	Secretary

2

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