Avnet 2012 Annual Report Download - page 113
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Article 1
Introduction
About the Plan
Effective Date
Except as otherwise expressly provided, the Plan is effective as of January 1, 2012.
(a)
Avnet, Inc., a New York corporation, wishes to establish the Avnet Restoration Plan effective January 1, 2012, to
restore certain retirement benefits that cannot be provided under the Avnet Pension Plan, by reason of the limits
required by Sections 401(a)(17) and 415 of the Code.
(b)
The Plan is unfunded and is maintained primarily for the purpose of providing deferred compensation for a select
group of management and highly compensated employees of the Company. The Plan shall not be subject to the
participation and vesting, funding, or fiduciary requirements (Parts 2, 3, and 4 of Title I) of ERISA.
(c)
Benefits due under the Plan shall be payable from the general assets of the Company or, in the sole discretion of
the Plan Committee, from the assets of the Employer or a Trust. All benefits under the Plan are subject to the
claims of the Company's general creditors in the event of the Company's bankruptcy or insolvency.
Avnet Restoration Plan
January 1, 2012 Page
1