The Plan Administrator may delegate to any Person, committee [[Address A:Address]] entity any [[Address A:Address]] all of its power [[Address A:Address]] duties under this Plan. All references in this Plan to the “Plan Administrator” shall be deemed to include those to whom authority is delegated pursuant to this Plan. The authority and duties of the Plan Administrator are described in this Section VIII (Plan Administration) and in such charters [[Address A:Address]] other documents as may be adopted from time to time.

The PIP shall be administered by the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company or a subcommittee of the Committee. To the extent required by The Nasdaq Stock Market LLC (“Nasdaq”), the Committee shall be comprised of at least two members who meet Nasdaq’s director independence requirements. In addition to action by meeting in accordance with applicable laws, rules or regulations (or similar guidance), including but not limited to the listing or other rules of any applicable stock exchange (collectively, “Applicable Law”), any action of the Committee with respect to the PIP may be taken by a written instrument signed by all of the members of the Committee, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called. Subject to the terms of the PIP, the Committee shall have full authority in its discretion to take any action with respect to administration of the PIP. Without limiting the foregoing, the Committee has full authority in its discretion to take any action with respect to the PIP including but not limited to the authority to # determine all matters relating to awards, including selection of individuals to be granted awards and all other terms, conditions, restrictions and limitations of an award; and # construe and interpret the PIP and any related documents, to establish and interpret rules and regulations for plan administration and to make all other determinations deemed necessary or advisable for administering the PIP.

The Compensation Committee of the STRATTEC SECURITY CORPORATION Board of Directors (the "Compensation Committee") shall be responsible for the design, administration, and interpretation of the Plan. The Compensation Committee shall have full and complete authority, in its sole and absolute discretion, # to exercise all of the powers granted to it under the Plan, # to construe, interpret and implement the Plan and any related document, # to prescribe, amend and rescind rules relating to the Plan, # to make all determinations necessary or advisable in administering the Plan, and # to correct any defect, supply any omission and reconcile any inconsistency in the Plan.

The Committee will approve any final disposition of matters pertaining to administration of the Plan. The Committee has the responsibility to interpret, administer, amend, suspend or terminate the Plan and such decisions shall be final and binding on all parties. Matters of the Committee shall be decided by majority vote.

Committee is the Administrator. The Plan will be administered by the Committee or, if no Committee has been appointed, the Plan shall be administered by the Board. The Committee will consist of not less than two (2) members of the Board. The members of the Committee will be appointed from time to time by, and serve at the pleasure of, the Board.

The Plan will be administered by the Committee. The Company will pay all costs of administration of the Plan. The Committee shall have sole discretion to interpret the Plan, amend and rescind rules relating to its implementation and make all determinations necessary for administration of the Plan. Any determination, decision, or action of the Committee in connection with the interpretation, administration, or application of the Plan shall be final, conclusive, and binding on all persons. The Committee may employ consultants or other persons and rely upon their advice. All actions taken and all determinations made by the Committee in good faith shall be final and binding upon all Non-Employee Directors, the Company, and all interested persons. No member of the Committee shall be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan.

Plan Administration. This Plan shall be administered by the Committee. Notwithstanding the foregoing, no Director who is a Participant under this Plan shall participate in any determination relating solely or primarily to his or her own Shares, Stock Units or Stock Unit Account.

The Compensation Committee of the STRATTEC SECURITY CORPORATION Board of Directors (the "Compensation Committee") shall be responsible for the design, administration, and interpretation of the Plan. The Compensation Committee shall have full and complete authority, in its sole and absolute discretion, # to exercise all of the powers granted to it under the Plan, # to construe, interpret and implement the Plan and any related document, # to prescribe, amend and rescind rules relating to the Plan, # to make all determinations necessary or advisable in administering the Plan, and # to correct any defect, supply any omission and reconcile any inconsistency in the Plan.

Plan Administration. This Plan shall be administered by the Committee which shall have discretionary authority to make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Plan and to utilize its discretion to decide or resolve any and all questions, including but not limited to eligibility for benefits and interpretations of this Plan and its terms, as may arise in connection with the Plan. Claims for benefits shall be filed with the Committee and resolved in accordance with the claims procedures in Article XII.

The Committee will approve any final disposition of matters pertaining to administration of the Plan. The Committee has the responsibility to interpret, administer, amend, suspend or terminate the Plan and such decisions shall be final and binding on all parties. Matters of the Committee shall be decided by majority vote.