Second Amendment and Termination of the Amended and Restated Avnet Deferred Compensation Plan
This agreement, effective November 17, 2020, is between Avnet, Inc. and its plan participants. It formally terminates the Avnet Deferred Compensation Plan, which was originally established in 1997 and amended several times, most recently in 2020. The termination was approved by the company's Board of Directors and certified by the company secretary, Darrel S. Jackson. All obligations under the plan are ended as of the effective date.
Exhibit 10.1
SECOND AMENDMENT TO AND TERMINATION OF THE
MAY 8, 2018 AMENDED AND RESTATED AVNET DEFERRED
COMPENSATION PLAN
This Second Amendment and Termination (“Termination”) to the Amended and Restated Avnet Deferred Compensation Plan as of May 8, 2018, as amended on February 6, 2020 (“Plan”), shall be effective as of November 17, 2020. Avnet, Inc. (the “Company”) first established the Avnet Deferred Compensation Plan effective as of February 1, 1997 and amended and restated it on January 1, 2009 and most recently on May 8, 2018, as amended by the First Amendment dated February 6, 2020.
I, Darrel S. Jackson, being the duly elected and qualified Secretary of Avnet, Inc., hereby certify that the foregoing is a true and complete copy of the Second Amendment to and Termination of the Amended and Restated Avnet Deferred Compensation Plan, as approved by the Board of Directors on November 17, 2020. I have executed this document as of November 17, 2020.
| | /s/ Darrel S. Jackson |
| | Darrel Jackson |
| | Secretary |
