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AVNET SUPPLEMENTAL
EXECUTIVE OFFICERS’ RETIREMENT PLAN
(2013 Restatement)
TABLE OF CONTENTS
Page
ARTICLE 1 HISTORY, PURPOSE AND EFFECTIVE DATE
iii
ARTICLE 2 DEFINITIONS
2
2.1 Definitions .
2
ARTICLE 3 PARTICIPATION
8
3.1 Participation.
8
ARTICLE 4 PLAN BENEFITS
9
4.1 Calculation of Retirement Benefits.
9
4.2 Normal Retirement; Form of Payment.
9
4.3 Early Retirement.
10
4.4 Death Benefit.
11
4.5 Disability Benefit.
11
4.6 Interest Adjustment For Six-Month Delay Rule.
12
4.7 Minimum and Maximum Benefits Payable Under the Plan.
12
ARTICLE 5 VESTING; NON-COMPETE REQUIREMENTS
13
5.1 Vesting of Total Retirement Benefit.
13
5.2 Impact of Confidentiality, Non-Compete and Non-Solicitation Provisions.
13
ARTICLE 6 DISTRIBUTION PROCEDURES
17
6.1 Distribution of Benefits.
17
6.2 No Loans or Financial Hardship or In-Service Withdrawals.
17
6.3 Inability to Locate Participant.
17
6.4 Trust.
17
ARTICLE 7 ADMINISTRATION
18
7.1 Committee.
18
7.2 Committee Action.
18
7.3 Powers and Duties of the Committee.
18
7.4 Construction and Interpretation.
19
7.5 Information.
19