Avnet 2013 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2013 Avnet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 161

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161

(1) Restrictive Covenants
. Except as otherwise provided in a restrictive covenant agreement that
expressly refers to benefits under this Plan, during the period that the Participant is receiving benefits pursuant to
the Plan, not to exceed two (2) years from the date of the Participant's retirement, the Participant shall not,
directly or indirectly, for his own benefit or for, with or through any other individual, firm, corporation,
partnership or other entity:
(A)
Own, manage, operate, control, advise, invest in (except as a 1% or less shareholder of
a public company), loan money to, or participate or assist in the ownership, management, operation or
control of or be associated as a director, officer, employee, partner, consultant, advisor, creditor, agent,
independent contractor or otherwise with, or acquiesce in the use of his name by, any business enterprise
that is in direct competition with Avnet or any of its subsidiaries within the geographic scope set forth in
such agreement; or
(B)
Hire, employ, solicit, or otherwise encourage or entice any employees or consultants of
Avnet or any of its subsidiaries to leave or terminate their employment with Avnet or such subsidiary.
(2)
Use and Nondisclosure of Confidential Information .
(A) For purposes of this subparagraph 5.2(b)(3), the following terms shall apply:
(i) “ Confidential Information ”
means that confidential business
information of the Company or an Affiliate, whether or not discovered, developed, or
known by the Participant as a consequence of his employment with the Company or an
Affiliate. Without limiting the generality of the foregoing, Confidential Information shall
include information concerning customer identity, needs, buying practices and patterns,
sales and management techniques, employee effectiveness and compensation information,
supply and inventory techniques, manufacturing processes and techniques, product design
and configuration, market strategies, profit and loss information, sources of supply,
product cost, gross margins, credit and other sales terms and conditions. Confidential
Information shall also include, but not be limited to, information contained in manuals,
memoranda, price lists, computer programs (such as inventory control, billing, collection,
etc.) and records prepared by, or on behalf of, the Company (or an Affiliate), whether or
not designated, legended or otherwise identified by the Company (or an Affiliate) as
Confidential Information.
(ii)
“ Developments ”
mean those inventions, discoveries,
improvements, advances, methods, practices and techniques, concepts and ideas, whether
or not patentable, relating
14