Avnet 2014 Annual Report Download - page 118

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If any provision of these Standard Terms and Conditions is declared to be illegal, invalid, or otherwise
unenforceable by a court of competent jurisdiction, such provision shall be reformed, if possible, to the extent
necessary to render it legal, valid, and enforceable, or otherwise deleted, and the remainder of these Standard
Terms and Conditions shall not be affected except to the extent necessary to reform or delete such illegal, invalid,
or unenforceable provision.
The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall
not constitute a part of these Standard Terms and Conditions, nor shall they affect its meaning, construction, or
effect.
These Standard Terms and Conditions shall inure to the benefit of and be binding upon the parties hereto and
their respective permitted heirs, beneficiaries, successors, and assigns.
The Participant acknowledges that a copy of the Plan, the Plan prospectus, and Avnet’
s most recent annual report
to its shareholders has been delivered or made available to the Participant.
Nothing in the Plan, the award letter, these Standard Terms and Conditions, or any other instrument executed
pursuant to the Plan shall confer upon the Participant any right to continue in the Company’
s employ or service
or limit in any way the Company’s right to terminate the Participant’
s employment or service at any time and for
any reason. As this grant was made in the absolute discretion of management and the Administrator, receipt of
this Award does not confer upon the Participant any right to future awards or participation in any equity
compensation program.
Neither this Award nor any shares of Stock issuable hereunder shall be included in compensation for purposes of
determining the amount payable to or on behalf of the Participant under any pension, savings, retirement, life
insurance, severance, or other employee or director benefits arrangement of the Company, unless otherwise
determined by the plan sponsor.
The Plan, the award letter, and these Standard Terms and Conditions shall be governed, construed, interpreted,
and administered solely in accordance with the laws of the state of New York, without regard to principles of
conflicts of law.
All questions arising under the Plan, the award letter, and these Standard Terms and Conditions shall be decided
by the Administrator in its total and absolute discretion. It is expressly understood that the Administrator is
authorized to administer, construe, and make all determinations necessary or appropriate to the administration of
the Plan, the award letter, and these Standard Terms and Conditions; all such determinations shall be binding
upon the Participant.
12.
GENERAL