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Exhibit 10.3
EMPLOYMENT AGREEMENT
This Employment Agreement (“ Agreement ”) is made by and between _________ (“ Executive ”),
and
AVNET, INC., a New York corporation, with its principal executive offices at 2211 South 47 th
Street, Phoenix, AZ
85034 (the “ Company ”), effective as of this ____ day of ____, ____ (the “ Effective Date ”).
WHEREAS, the Company wishes to provide for the continued employment of Executive; and
WHEREAS, Executive wishes to accept such continued responsibilities and employment and to render services
to the Company in accordance with the provisions of this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement, the
parties agree as follows:
a.
Employment
. The Company hereby employs Executive, and Executive hereby accepts employment
upon the terms and conditions set forth in this Agreement.
b.
Position
. On and after the Effective Date, for the term of this Agreement, Executive shall serve as
___________ of the Company. In addition, if requested by the Company's Chief Executive Officer, Executive shall
serve, without additional compensation, as an officer or director of subsidiaries, divisions, or affiliates of the Company.
c.
Performance of Duties . Executive agrees to devote her full-
time attention and best efforts to the
business and affairs of the Company. Executive shall perform all duties and responsibilities commensurate with her
position(s) and shall follow the reasonable directions of the Company's Chief Executive Officer. Executive may serve on
civic, charitable or corporate boards or committees, fulfill speaking engagements, and manage her personal affairs, so
long as the Company reasonably determines that such activities do not interfere, compete with, or otherwise pose a
conflict of interest with respect to, the performance of Executive's duties and responsibilities. Executive shall comply
with Company policies and procedures as adopted from time to time, including the Company's Code of Conduct.
This Agreement shall be effective beginning on the Effective Date, and continuing for one (1) year thereafter.
The Agreement shall automatically be extended for successive one (1) year terms unless the Company or Executive
notifies the other party of its intent not to extend the Agreement at least one (1) year before the end of the then-
current
term. Either party may terminate the Agreement before the end of the term in accordance with Section 5, below.
For all services to be rendered by Executive and for all covenants undertaken by her, the Company shall pay and
Executive shall accept the following compensation:
a.
Base Salary
. For all services to be rendered by Executive and for all covenants undertaken by
her pursuant to the Agreement, Company shall pay and Executive shall accept such compensation (including
base salary and incentive compensation) as shall be agreed upon from time to time between the Company and
Executive. If Executive is elected or reelected as an officer or a
1.
Employment, Duties and Responsibilities
2.
Term of Agreement
3.
Compensation