Amendment to Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan (Effective July 1, 2018, Amended December 31, 2019)

Summary

This amendment updates the Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan. Effective December 31, 2019, non-employee directors may only defer compensation into Deferred Stock Units under the related Deferred Stock Unit Plan. No other forms of compensation deferral are permitted for compensation earned after this date. The amendment clarifies that deferral elections for other types of compensation are no longer allowed after December 31, 2019.

EX-10.I 2 arwexhibit10eiq419.htm EXHIBIT 10.I Exhibit

Exhibit 10(e)(i)

AMENDMENT

TO THE

ARROW ELECTRONICS, INC.

NON-EMPLOYEE DIRECTORS DEFERRED COMPENSATION PLAN

As Amended and Restated Effective July 1, 2018

The Arrow Electronics, Inc. Non-Employee Directors Deferred Compensation Plan, as it was last amended and restated effective July 1, 2018 (the “Plan”), is hereby amended as follows

1. Effective December 31, 2019, the following sentences hereby are added to the end of Section 3.1:

“Deferrals of Compensation earned after December 31, 2019, will be limited to deferrals of Compensation into Deferred Stock Units under the Non-Employee Directors Deferred Stock Unit Plan set forth in Exhibit A. As clarification, deferral elections may not be made for Compensation earned after December 31, 2019, except for deferrals of Compensation to Deferred Stock Units.”