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

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment to the Arrow Electronics, Inc. Executive Deferred Compensation Plan states that, effective December 31, 2019, no further deferrals of compensation or performance share awards will be allowed for amounts earned after that date. Deferral elections already made for compensation or awards related to services performed in 2019 will remain valid, but no new deferrals can be made for future periods. The amendment clarifies the plan's terms for eligible executives regarding deferred compensation.

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EX-10.II 3 arwexhibit10giq419.htm EXHIBIT 10.II Exhibit
Exhibit 10(g)(i)

AMENDMENT
TO THE
ARROW ELECTRONICS, INC.
EXECUTIVE DEFERRED COMPENSATION PLAN

As Amended and Restated Effective July 1, 2018

The Arrow Electronics, Inc. Executive 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:
“No deferrals will be permitted for Compensation and Performance Share Awards earned after December 31, 2019. As clarification, deferral elections made for Compensation and/or Performance Share Awards attributable to services performed during the 2019 calendar year will remain effective, but subsequent deferrals will not be permitted.”