Avnet 2013 Annual Report Download - page 94

Exhibit 10.5
AGREEMENT effective as of ________ between AVNET, INC., a New York corporation with a principal place of
business at 2211 South 47th Street, Phoenix, Arizona 85034 (“Avnet”)
and ________, having an office at 2211 South
47th Street, Phoenix, Arizona 85034 ("________").
W I T N E S S E T H
1. Employment, Salary, Benefits:
1.1 Employment. Avnet agrees to employ _________ and ________ agrees to accept employment upon the terms and
conditions hereinafter set forth.
1.2 Term. ________employment pursuant to this Agreement shall commence on ________ and subject to earlier
termination as provided in Section 2 below, shall continue for a period of one (1) year (until ________, the "Initial
Term"). Unless ________provides Avnet written notice at least thirty (30) days prior to the expiration of the Initial Term
advising Avnet that ________does not intend to renew the Agreement as hereinafter described, then after ________
employment shall continue until terminated by either party provided, however, that the party desiring to terminate the
employment arrangement gives written notice thereof to the other not less than one (1) year prior to the date of actual
termination of employment. By way of example, should ________desire not to renew after the Initial Term, such notice
would have to be given no later than ________. Thereafter (if not so terminated by ________at the end of the Initial
Term), by way of example, if either Avnet or ________should desire to terminate the employment on ________ such
notice would have to be given not later than ________.
1.3 Duties. ________is hereby engaged in an executive capacity and shall perform such duties for Avnet, or Avnet's
subsidiaries, divisions and operating units as may be assigned to him from time to time by the ________. ________is
currently engaged as ________. If ________is elected an officer or a director of Avnet or any subsidiary or division
thereof, he shall serve as such without additional compensation.
1.4 Compensation.
a.
For all services to be rendered by ________and for all covenants undertaken by him pursuant to the
Agreement, Avnet shall pay and ________shall accept such compensation (including base salary and
incentive compensation) as shall be agreed upon from time to time between Avnet and ________.
b.
In the event ________employment hereunder is terminated by the one (1) year notice provided for in
Section 1.2 above and Avnet and ________fail to agree upon compensation during all or any portion of the
one (1) year notice period prior to termination, then ________compensation (base salary and incentive
compensation) during such portion of the notice period shall be equal to the cash compensation earned by
________during the four completed fiscal quarters preceding the date on which notice is given; and upon
such termination (after a one-
year notice) ________shall not be entitled to severance payments under any
Avnet severance plan. In the alternative event that at least 30 days prior to the end of the Initial Term
________notifies Avnet that he intends not to renew as described in 1.2 above, ________shall effective
________ (the end of the Initial Term) revert to employee at will status (with employment terminable at
any time by either Avnet or ________) and the provision in 1.2 above requiring a one-
year notice shall not
apply; and upon a subsequent termination of employment, ________shall be entitled if otherwise eligible to
payments under any then-applicable Avnet severance plan.