Exhibit 10(g)

ARROW ELECTRONICS, INC.
NON-EMPLOYEE DIRECTORS DEFERRED COMPENSATION PLAN
Effective October 1, 2004, as amended and restated effective January 1, 2009

ARROW ELECTRONICS, INC., a New York corporation having its principal offices at
7459 S. Lima Street Englewood, Co 80112 (the “Company”), hereby adopts this
amended and restated Arrow Electronics, Inc. Non-Employee Directors Deferred
Compensation Plan, effective January 1, 2009 except as otherwise provided.

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ARTICLE I
PURPOSE AND DEFINITIONS

1.1
Purpose of Restatement. Pursuant to direction of the Compensation Committee of
Arrow Electronics, Inc. (the “Company”) at a meeting on September 21, 2004, a
deferred compensation plan for non-employee directors (“Plan”) was established
effective October 1, 2004 as a separate component of the Arrow Electronics, Inc.
Executive Deferred Compensation Plan. For the period January 1, 2005 through
December 31, 2008, deferrals were authorized, made and administered in
accordance with revised Plan terms intended to comply with Section 409A of the
Internal Revenue Code of 1986, as amended (“Section 409A”) and regulations and
guidance thereunder (“Regulations”). Effective January 1, 2009 with respect to
all deferrals since its original October 1, 2004 effective date and not
previously distributed, the Plan is hereby amended and restated to read as set
forth herein, in order to reflect the requirements of the final regulations
under Section 409A.

1.2
Construction. This Plan shall be administered and interpreted in accordance with
Section 409A and the Regulations. Accordingly, no provision hereof shall be
construed in any manner that would violate Section 409A or the Regulations nor
(to the maximum extent permitted by law) shall any provision of the Plan
inconsistent with Section 409A or the Regulations be valid or given any effect
whatsoever.

1.3
Definitions. Whenever the following words and phrases are used in this Plan with
the first letter capitalized, they shall have the meanings specified below
unless the context clearly requires otherwise.

(a)
“Account” or “Accounts” shall mean all of such accounts as are specifically
authorized for inclusion in this Plan.

(b)
“Beneficiary” or “Beneficiaries” shall mean the person or persons, including a
trustee, personal representative or other fiduciary, last designated in writing
by a Participant on the form prescribed for the purpose by the Committee by the
filing thereof in accordance with procedures established by the Committee to
receive the benefits specified hereunder in the event of the Participant's
death, subject to the following:

(i)
No beneficiary designation shall become effective until it is filed with the
Committee.

(ii)
Any designation shall be revocable at any time through filing of a new
beneficiary designation form in accordance with procedures established by the
Committee with or without the consent of the previous Beneficiary.

(iii)
If a Participant designates more than one beneficiary in a particular class
(primary or contingent) and one but not all of the beneficiaries in that class
dies before the Participant (or ceases to qualify as Beneficiary pursuant to
clause (vii) below), the deceased beneficiary's share shall be paid to other
beneficiaries of the same class unless otherwise specified by the Participant in
his or her designation of beneficiary.

(iv)
If no designation of beneficiary has been made in accordance with the foregoing,
or if there is no surviving designated primary or contingent Beneficiary, then
the Participant's surviving spouse shall be the Beneficiary. If there is no
surviving spouse to receive any benefits payable in accordance with the
preceding sentence, the duly appointed and currently acting personal
representative of the Participant's estate (which shall include either the
Participant's probate estate or living trust) shall be the Beneficiary. In any
case where there is no such personal representative of the Participant's estate
duly appointed and acting in that capacity within 90 days after the
Participant's death (or such extended period as the Committee determines is
reasonably necessary to allow such personal representative to be appointed, but
not to exceed 180 days after the Participant's death), then “Beneficiary” shall
mean the person or persons who can verify by affidavit or court order to the
satisfaction of the Committee that they are legally entitled to receive the
benefits specified hereunder.

(v)
In the event any amount is payable under the Plan to a minor, payment shall not
be made to the minor, but instead be paid (A) to that person's living parent(s)
to act as custodian, (B) if that person's parents are then divorced, and one
parent is the sole custodial parent, to such custodial parent, or (C) if no
parent of that person is then living, to a custodian selected by the Committee
to hold the funds for the minor under the Uniform Transfers or Gifts to Minors
Act in effect in the jurisdiction in which the minor resides. If no parent is
living and the Committee decides not to select another custodian to hold the
funds for the minor, then payment shall be made to the duly appointed and
currently acting guardian of the estate for the minor or, if no guardian of the
estate for the minor is duly appointed and currently acting within 60 days after
the date the amount becomes payable, payment shall be deposited with the court
having jurisdiction over the estate of the minor.

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(vi)
If a designated Beneficiary as determined under the foregoing cannot be located
within two years following the date as of the Participant's death, such
Beneficiary shall be treated as having predeceased the Participant, for purposes
of the forgoing.

(vii)
Except to the extent otherwise provided in an applicable and binding domestic
relations order, a designation of the Participant's spouse as Beneficiary will
automatically be cancelled if the marriage terminates by divorce or is annulled
or such a legal separation order is issued unless the designation clearly states
that the individual named as Beneficiary is to continue as such following
termination of the marriage or such separation.

(viii)
A single beneficiary designation (and form for making such designation) shall
apply for purposes of each of this Plan , and the Non-Employee Directors
Deferred Stock Unit Plan and its predecessor Non-Employee Director Deferral Plan
(“Stock Unit Plan”). Notwithstanding anything herein to the contrary, in the
event that a Participant had a beneficiary designation in effect under the Stock
Unit Plan prior to his or her designation of beneficiary under this Plan, the
beneficiary or beneficiaries so designated shall be the Participant's
Beneficiary under this Plan unless and until the Participant shall designate
another Beneficiary in accordance with the foregoing provisions of this Section
1.3(b).

(c)
“Board of Directors” or “Board” shall mean the Board of Directors of Company, or
any duly authorized committee thereof.

(d)
"Code” shall mean the Internal Revenue Code of 1986, as amended.

(e)
"Committee” shall mean the Committee appointed to administer the Plan in
accordance with Article VI.

(f)
“Company” shall mean Arrow Electronics, Inc., a New York corporation, or any
successor thereof that adopts this Plan.

(g)
“Compensation” shall mean all Board and committee meeting fees payable to a
Director, and any annual retainer payable for a Plan Year beginning after the
Effective Date, determined in each case before reduction for amounts deferred
under the Plan or the Company's Non-Employee Directors Deferred Stock Unit Plan.
Compensation does not include expense reimbursements, incentive stock awards or
any form of noncash compensation or benefits.

(h)
“Deferral Account” shall mean the bookkeeping account maintained for each
Participant that is credited with amounts equal to the portion of the
Participant's Compensation that he or she elects to defer, as adjusted for
earnings and losses from the deemed investment of such amounts pursuant to
Article IV.

(i)
“Director” shall mean a non-employee director of the Company.

(j)
“Distributable Amount” shall mean the balance in the Participant's Deferral
Account (if any).

(k)
“Effective Date” shall mean October 1, 2004.

(l)
“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended.

(m)
“Fund” shall mean an investment fund that the Committee selected to use as a
basis for determining the adjustments to be made to a Participant's Deferral
Account in accordance with Section 4.2.

(n)
“Fund Subaccount” shall mean a subaccount established pursuant to Section 4.2 to
account for amounts whose Investment Adjustment is determined to particular
Fund.

(o)
“Investment Adjustment” shall mean, for each Fund in which a Participant's
Account is deemed invested pursuant to Section 4.2, an amount equal to the net
gain or loss on the assets of such Fund.

(p)
“Participant” shall mean any Director who becomes a Participant in this Plan in
accordance with Article II.

(q)
“Plan” shall mean this Arrow Electronics, Inc. Non-Employee Directors Deferred
Compensation Plan established effective October 1, 2004, as revised and in
effect for the period January 1, 2005 through December 31, 2008, and the terms
of which effective January 1, 2009 are set forth herein.

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(r)
“Plan Year” or “Year” shall mean the short plan year October 1, 2004 to December
31, 2004 and thereafter January 1 to December 31.

(s)
“Plan Year Account” shall mean an Account for a Participant reflecting all
deferrals by the Participant for a particular Plan Year.

(t)
“Separation from Service” shall mean separation from service as a Director by a
Participant who immediately thereafter neither performs nor is expected to
perform services for the Company or any Subsidiary in any other capacity or who
otherwise separates from service within the meaning of Treasury Regulation
§1.409A-1(h).

(u)
“Subsidiary” shall mean a subsidiary or affiliate that is a member of the same
controlled group as the Company within the meaning of section 414(b) or (c) of
the Code.

(v)
“Trust” shall mean any rabbi trust that the Company in its sole discretion may
establish to assist in meeting the Company's obligations under the Plan.

(w)
“Trustee” shall mean the trustee of the Trust.

(x)
“Unforeseeable Emergency” shall mean a severe financial hardship of the
Participant resulting from an illness or accident of the Participant or the
Participant's spouse or dependent (as defined in section 152 of the Code without
regard to section 152(b)(1), (b)(2) and (d)(1)(B)); loss of the Participant's
property due to casualty (including the need to rebuild a home following damage
to a home not otherwise covered by insurance, for example, as a result of a
natural disaster); or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the
Participant or his spouse or dependent as determined in accordance with Treasury
Regulation § 1.409A-3(i)(3) (and which shall not include purchase of a home or
the payment of tuition). Whether a Participant is faced with an unforeseeable
emergency permitting a distribution under this paragraph is to be determined by
the Board of Directors based on the relevant facts and circumstances, but, in
any case, a distribution on account of unforeseeable emergency may not be made
to the extent that such emergency is or may be relieved through reimbursement or
compensation from insurance or otherwise, by liquidation of the Participant's
assets, to the extent the liquidation of such assets would not cause severe
financial hardship, or by cessation of deferrals under the Plan and any other
plan providing for elective deferrals.

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ARTICLE II
PARTICIPATION

A Director shall become a Participant in the Plan by completing all forms as
required by the Committee (which may, in the discretion of the Committee,
include an application for a variable life insurance policy referenced in
Section 4.2(a)).

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ARTICLE III
DEFERRAL ELECTIONS

3.1
Elections to Defer Compensation. A Director shall be entitled to defer
Compensation in accordance with and subject to the conditions of this Article
III, by filing with the Committee a deferral election in such form and manner
and at such time permitted under this Article III as the Committee shall
prescribe.

3.2
Time and Form of Election. A deferral election with respect to any applicable
category of Compensation for a Plan Year (or portion thereof), namely the
Director's annual retainer or meeting fees, respectively, may be made as any
whole percentage of such Compensation up to one-hundred (100%) percent. The time
for making any such election shall be as follows:

(a)
2004 Election. An individual who is a Director on the Effective Date may elect
by election duly filed with (and received by) the Committee on or before
November 12, 2004, to defer all or a portion of his or her fees for Board or
committee meetings from November 12, 2004 to December 31, 2004.

(b)
Election Deadline. An individual who is a Director as of the first day of any
Plan Year beginning on or after January 1, 2005 may elect to defer his or her
Compensation for such Plan Year, by election duly filed with the Committee no
later than December 1 of the immediately preceding Plan Year (or such later date
as the Committee may authorize in its sole discretion, but not later than
December 31 of such immediately preceding Plan Year).

(c)
Evergreen Election. A Director's deferral election for a Plan Year beginning on
or after January 1, 2005 shall apply to all subsequent Plan Years during which
the Director is eligible to participate in the Plan unless and to the extent
such election is revoked and/or a new and different election is made by the
Director, no later than the deadline applicable under paragraph (b) above to
such subsequent Plan Year.

(d)
New Mid-Year Eligibles. An individual who first becomes a Director as of a date
other than the first day of a Plan Year (and who was not previously eligible to
participate in any other elective account balance nonqualified deferred
compensation plan maintained by the Company or a Subsidiary for Directors or
other independent contractors) (“a “Similar Plan”) may elect, by election duly
filed with the Committee within the thirty (30) day period commencing on such
date, to defer his or her Compensation, earned during the portion of such Plan
Year after the date of such election. The Committee may, in its discretion,
extend the application of this Section 3.2(d) to one or more individuals who
were formerly eligible to participate in the Plan or any Similar Plan but who
ceased to be so eligible and who may be treated as newly eligible Directors
under Treasury Regulation §1.409A-2(a)(7).

3.3
Irrevocability. A Participant's deferral election under this Article III shall
be irrevocable after the last date prescribed under Section 3.2 for the making
of such election; provided, however, that such election may be revoked with the
consent of the Board of Directors as part of a determination that an
Unforeseeable Emergency exists permitting distribution under Section 5.3 hereof.

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ARTICLE IV
PARTICIPANT ACCOUNTS

4.1    Deferral Accounts.

(a)
Establishment of Plan Year Accounts. The Committee shall establish and maintain
a Deferral Account for each Participant under the Plan, which shall be
subdivided into a separate Plan Year Account for each Plan Year with respect to
which the Participant elected to defer Compensation hereunder.

(b)
Deferrals Credited to Fund Subaccounts. Each Plan Year Account shall be further
divided into separate subaccounts (“Fund Subaccounts”), each of which
corresponds to a Fund elected by the Participant pursuant to Section 4.2(b). No
later than the fifth business day after amounts are withheld and deferred from a
Participant's Compensation for a Plan Year, the Committee shall credit each Fund
Subaccount within the Participant's Plan Year Account for that Year with an
amount equal to the Compensation (or portion thereof in whole percentages) so
withheld and deferred that the Participant has elected to be deemed invested in
the Fund associated with such Subaccount.

(c)
Deferral Account Fully Vested. A Participant shall be 100% vested in his or her
Deferral Account at all times.

4.2     Fund Elections.

(a)
Committee Selection of Available Funds. The Committee shall select from time to
time, in its sole and absolute discretion, commercially available investment
funds, which may either be free-standing or components of variable life
insurance policies, to serve as Funds in which a Participant may deem his or her
Deferral Account invested pursuant to Section 4.2(b) and (c) below. The
investment return (positive or negative) calculated by the Committee and its
recordkeeper for each such investment fund shall be used to determine the
Investment Adjustment to be credited or charged (as the case may be) to the
portion of the Participant's Account deemed invested in the corresponding Fund.

(b)
Designation of Fund for Deemed Investment of Current Deferrals. Each Participant
shall designate, in accordance with procedures prescribed by the Committee, the
Fund (or Funds, which shall be designated in whole percentage increments) in
which his or her deferrals for each Plan Year will be deemed to be invested for
purposes of determining the Investment Adjustment to be credited or charged with
respect thereto.

(c)
Designation of Fund for Deemed Investment of Plan Year Account Balances. In
accordance with procedures prescribed by the Committee, a Participant may change
each of the Fund allocations of his or her Accounts monthly prior to
distribution thereof. Separate changes may be made for the Participant's Plan
Year Account for each Plan Year. Changes made by the 25th of the month will be
effective the first business day of the following month.

(d)
Default Rule. If no valid designation of a Fund is in effect for a Participant's
Account or any portion thereof, the money market type of investment fund shall
be deemed elected with respect thereto.

4.2
Adjustment of Fund Subaccounts. Each business day prior to the valuation date
applicable under Article V to payment in respect thereof, each Fund Subaccount
within a Participant's Deferral Account (i) shall be credited or charged (as the
case may be) with (i) an amount determined by multiplying the balance credited
to such Subaccount as of the prior day, plus deferrals credited that day to such
Subaccount, by the Investment Adjustment for the Fund to which such Subaccount
relates, (ii) shall be credited with any transfer to such Fund Subaccount from
another such Subaccount, and charged with any transfer from such Fund Subaccount
to another such Subaccount, and (iii) shall be charged with the amount of any
payments therefrom under the Plan.

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ARTICLE V
DISTRIBUTIONS

5.1
Separation from Service. Upon a Participant's Separation from Service, a lump
sum payment shall be made to the Participant within the 90-day period beginning
on the fifteenth (15th) day of the month following the end of the month in which
such event occurs, in an amount equal to the balance credited to the
Participant's Accounts as of the last day of the month in which such event
occurs.

5.2
Distribution on Death. If a Participant dies while a Director, or after the
Participant's Separation from Service but prior to the completion of all
payments in respect of his or her Accounts under the Plan, the total
undistributed balance of such Accounts shall be paid to his or her Beneficiary
in a lump sum within the 90-day period beginning on the fifteenth (15th) day of
the month following the month in which death occurs, in an amount based on the
balance of the Participant's Accounts on the last day of the month preceding
payment. Payment by the Company pursuant to any unrevoked and valid Beneficiary
designation under Section 1.3(b), or to the person or persons entitled thereto
under Section 1.3(b) in the absence of such a designation, shall terminate any
and all liability of the Company with respect thereto.

5.3
Emergency Distribution. A Participant shall be permitted to elect an Emergency
Distribution from his or her Accounts in the sole discretion of the Board of
Directors (“Board”), in which decision the Participant shall not participate,
subject to the following restrictions:

(a)
The election to take an Emergency Distribution shall be made by filing a form
provided by and filed with the Board.

(b)
The Board shall have made a determination that an Unforeseeable Emergency
exists.

(c)
The amount determined by the Board as an Emergency Distribution shall be paid in
a single cash lump sum on the last day of the calendar month in which the
Emergency Distribution election is made and approved by the Board.

(d)
If a Participant receives an Emergency Distribution, the Participant will be
ineligible to participate in the Plan for the balance of the Plan Year and the
following Plan Year.

5.4    Medium of Distribution. All distributions under the Plan shall be made in
cash.

5.5
Actual Payment Date. The provisions hereof for payment within a specified period
shall be construed and may be applied as the Committee (including the Plan
recordkeeper) deems necessary or advisable and in accordance with applicable
provisions of the Regulations, including without limitation Treasury Regulation
§1.409A-3(d), without liability to any Participant or Beneficiary by reason
thereof. In the event that payment is delayed by reason of a failure of the
Participant or Beneficiary to provide and keep on file with the Committee the
information that is necessary to effect payment by such month-end, the Committee
shall have complete discretion to determine whether payment shall be made in the
same amount as if payment had been made on the date initially scheduled or to
adjust the Accounts of the Participant or Beneficiary during the period of delay
up to the end of the month preceding the date on which payment is actually made.

5.6
Payment to Incompetent. If any Participant or Beneficiary entitled to benefits
under the Plan shall be legally incompetent, or in the sole judgment of the
Committee is considered by reason of physical or mental condition to be unable
to give a valid receipt therefor, such benefits may be paid in one or more of
the following ways, as the Committee in its sole discretion shall determine:

(a)
To the legal representatives of the Participant or Beneficiary;

(b)
Directly to such Participant or Beneficiary;

(c)
To the spouse or guardian of such Participant or Beneficiary or such other
person found by the Committee, in its sole judgment, to have assumed the care of
such Participant or Beneficiary.

If a Beneficiary is a minor, payment of such benefits shall be made as described
in Section 1.3 (b)(v).
Payment to any person in accordance with these provisions will, to the extent of
the payment, discharge the Company's obligation with respect thereto, and none
of the foregoing or the Committee will be required to see to the proper
application of any such payment. Without in any manner limiting these
provisions, in the event that any amount is payable hereunder

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to any incompetent Participant or Beneficiary described above, the Committee may
in its discretion utilize the procedures described in Section 5.7.

5.7
Doubt as to Right to Payment. If any doubt exists as to the right of any person
to any benefits hereunder or the amount of time of payment of such benefits
(including, without limitation, any case of doubt as to identity, or any case in
which notice has been received from any person claiming any interest in amounts
payable hereunder, or any case in which a claim from other persons may exist by
reason of community property or similar laws), the Committee will be entitled,
in its discretion, to direct that payment of such benefits be deferred until
order of a court of competent jurisdiction, or to pay such sum into court in
accordance with appropriate rules of law in such case then provided, or to make
payment only upon receipt of a bond or similar indemnification (in such amount
and in such form as is satisfactory to the Committee).

5.8
Acceleration generally prohibited. No acceleration of payments under the Plan
shall be permitted except as authorized by the Regulations and approved by the
Board in its discretion consistent with such Regulations. Without limiting the
generality of the foregoing, distribution may be accelerated as may be necessary
to comply with ethics or conflict of interest requirements in accordance with
Treasury Reg. § 1.409A-3(j)(4)(iii).

5.9
Delays to comply with Securities and other Laws. Payment may be delayed as the
Company or the Committee may determine to be necessary or advisable in order to
comply with Federal securities or other applicable laws or as otherwise
authorized by applicable Regulations, including Treas. Reg.§ 1.409A-2(b)(7). The
balance credited to each of the Participant's Accounts shall continue to be
adjusted pursuant to Section 4.3 during the period of any delay in payment under
this Section 5.9, including any delay during the period where the Company or the
Committee is determining whether such a delay is necessary or appropriate, up to
the last day of the month immediately preceding the date of payment.

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ARTICLE VI
ADMINISTRATION

6.1
Committee. The Compensation Committee of the Board of Directors (“Compensation
Committee”) shall appoint a Management Pension Investment and Oversight
Committee (the “Committee”), which shall consist of not less than three persons
to serve at the pleasure of the Compensation Committee. Any vacancy on the
Committee, arising for any reason whatsoever, shall be filled by the
Compensation Committee. The Committee shall hold meetings upon such notice, at
such place or places, at such time or times and in such manner (including
meetings in which members may participate through teleconferencing or similar
means) as it may from time to time determine. A majority of the members of the
Committee at the time in office shall constitute a quorum for the transaction of
business, and action by a majority of those present at any meeting at which a
quorum is present shall constitute action by the Committee. The Committee may
also act without a meeting by instrument in writing signed by a majority of the
members of the Committee, or by one or more members to whom the Committee has
previously delegated the authority to take such action. No member of the
Committee shall be entitled to act on or decide any matter relating specifically
to such member.

6.2
Powers and Duties of the Committee. The Committee shall enforce the Plan in
accordance with its terms, shall be charged with the general administration of
the Plan, and shall have all powers and discretion necessary to accomplish its
purposes, including, but not by way of limitation, the following:

(i)
to select the Funds in accordance with Section 4.2(a) hereof;

(ii)
to construe and interpret the terms and provisions of this Plan;

(iii)
to determine any question arising in the administration, interpretation and
application of the Plan, including without limitation questions of fact and of
construction;

(iv)
to make and publish such rules for the regulation of the Plan and procedures for
the administration of the Plan (including the making of elections thereunder) as
are not inconsistent with the terms hereof;

(v)
to compute and certify to the amount and kind of benefits payable to
Participants and their Beneficiaries;

(vi)
to maintain all records that may be necessary for the administration of the
Plan;

(vii)
to correct defects, rectify errors, supply omissions, clarify ambiguities, and
reconcile inconsistencies to the extent it deems necessary or desirable to
effectuate the Plan;

(viii)
to take all actions necessary for the administration of the Plan, including
determining whether to hold or discontinue any insurance policies held by the
Company or any Trust; and

(ix)
to make a determination as to the rights of any person to a benefit and to
afford any person dissatisfied with such determination the right to an appeal.

The determinations of the Committee shall be conclusive and binding on all
persons to the maximum extent permitted by law.

6.3
Delegation of Authority; Appointment of Agents. The Committee may (i) allocate
any of its responsibilities, powers and discretion under the Plan to one or more
members of the Committee, and (ii) appoint a Plan administrator or any other
agent, and delegate to them such powers and duties in connection with the
administration of the Plan as the Committee may from time to time prescribe. The
actions taken by any member or members of the Committee or any other such
persons in the exercise of responsibilities, powers and discretion delegated
hereunder shall have the same valid and binding effect under the Plan as action
by the full Committee.

6.4    Compensation, Expenses and Indemnity.

(a)
The members of the Committee shall serve without compensation for their services
hereunder.

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(b)
The Committee is authorized at the expense of the Company to employ such legal
counsel as it may deem advisable to assist in the performance of its duties
hereunder. Expenses and fees in connection with the administration of the Plan
shall be paid by the Company.

(c)
To the extent permitted by applicable state law, the Company shall indemnify and
hold harmless the Committee and each member thereof, the Board of Directors and
any delegate of the Committee who is an employee of the Company against any and
all expenses, liabilities and claims, including legal fees to defend against
such liabilities and claims arising out of their discharge in good faith of
responsibilities under or incident to the Plan, other than expenses and
liabilities arising out of willful misconduct. This indemnity shall not preclude
such further indemnities as may be available under insurance purchased by the
Company or provided by the Company under any bylaw, agreement or otherwise, as
such indemnities are permitted under state law.

6.5    Disputes.

(a)
Claim. A person who believes that he or she is being denied a benefit to which
he or she is entitled under this Plan (hereinafter referred to as “Claimant”)
must file a written request for such benefit with the Company, setting forth his
or her claim. The request must be addressed to the General Counsel of the
Company at its then principal place of business.

(b)
Claim Decision. Upon receipt of a claim, the Company shall advise the Claimant
that a reply will be forthcoming within ninety (90) days and shall deliver such
reply within such period. The Company may, however, upon notice to the Claimant
within such period, extend the reply period for an additional ninety (90) days
for special circumstances.

If the claim is denied in whole or in part, the Company shall inform the
Claimant in writing, and set forth: (A) the specified reason or reasons for such
denial; (B) the specific reference to pertinent provisions of this Plan on which
such denial is based; (C) a description of any additional material or
information necessary for the Claimant to perfect his or her claim and an
explanation of why such material or such information is necessary; (D)
appropriate information as to the steps to be taken if the Claimant wishes to
submit the claim for review; and (E) the time limits for requesting a review
under subsection (c).

(c)
Request For Review. Within sixty (60) days after the receipt by the Claimant of
the written opinion described above, the Claimant may request in writing that
the Committee review the determination of the Company. Such request must be
addressed to the General Counsel of the Company, at its then principal place of
business. The Claimant or his or her duly authorized representative may, but
need not, review the pertinent documents and submit issues and comments in
writing for consideration by the Committee. If the Claimant does not request a
review within such sixty (60) day period, he or she shall be barred and estopped
from challenging the Company's determination.

(d)
Review of Decision. Within sixty (60) days after the Committee's receipt of a
request for review, after considering all materials presented by the Claimant,
the Committee will inform the Claimant in writing, in a manner calculated to be
understood by the Claimant, the decision setting forth the specific reasons for
the decision containing specific references to the pertinent provisions of this
Plan on which the decision is based. If special circumstances require that the
sixty (60) day time period be extended, the Committee will so notify the
Claimant before the expiration of such period and will render the decision as
soon as possible, but no later than one hundred twenty (120) days after receipt
of the request for review.

6.6
Liability, Limited; Indemnification. The members of the Committee and each of
them shall be free from all liability, joint and several, for their acts and
conduct, and for the acts and conduct of any duly constituted agents. The
Company shall indemnify and save them harmless from the effects and consequences
of their acts and conduct in such official capacity except to the extent that
such effects and consequences flow from their own willful misconduct. Under no
circumstances will members of the Committee be personally liable for the payment
of Plan benefits.

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ARTICLE VII
MISCELLANEOUS

7.1
Unsecured General Creditor. Participants and their Beneficiaries, heirs,
successors, and assigns shall have no legal or equitable rights, claims, or
interest in any specific property or assets of the Company or the Trust (if
any). No assets of the Company or the Trust shall be held in any way as
collateral security for the fulfilling of the obligations of the Company under
this Plan. The Company's obligation under the Plan shall be merely that of an
unfunded and unsecured promise of the Company to pay money in the future, and
the rights of the Participants and Beneficiaries shall be no greater than those
of unsecured general creditors. It is the intention of the Company that this
Plan be unfunded for purposes of the Code and within the meaning of Title I of
ERISA (notwithstanding that ERISA has no application as such to the Plan). Any
payment to a Participant or the Participant's Beneficiary in accordance with the
provisions of the Plan shall be in full satisfaction of all claims against the
Committee and the Company under the Plan.

7.2
Restriction Against Assignment. The Company shall pay all amounts payable
hereunder only to the person or persons designated by the Plan and not to any
other person or corporation. No part of a Participant's Accounts shall be liable
for the debts, contracts, or engagements of any Participant, his or her
Beneficiary, or successors in interest, nor shall a Participant's Accounts be
subject to execution by levy, attachment, or garnishment or by any other legal
or equitable proceeding, nor shall any such person have any right to alienate,
anticipate, sell, transfer, commute, pledge, encumber, or assign any benefits or
payments hereunder in any manner whatsoever. If any Participant, Beneficiary or
successor in interest is adjudicated bankrupt or purports to anticipate,
alienate, sell, transfer, commute, assign, pledge, encumber or charge any
distribution or payment from the Plan, voluntarily or involuntarily, the
Committee, in its discretion, may cancel such distribution or payment (or any
part thereof) to or for the benefit of such Participant, Beneficiary or
successor in interest in such manner as the Committee shall direct.

7.3
Amendment, Modification, Suspension or Termination. The Company, acting through
the Board of Directors (including through the Compensation Committee of the
Board) or through the Committee, may amend, modify, suspend or terminate the
Plan in whole or in part, except that no amendment, modification, suspension or
termination shall have any retroactive effect to reduce any amounts allocated to
a Participant's Accounts, or adversely affect his vested interest therein. A
termination of the Plan shall not cause the acceleration of payments under the
Plan unless the Committee determines, after consultation with counsel, that the
terms and conditions of such termination are within exceptions provided by the
Regulations to the general Section 409A prohibition against acceleration.
Notwithstanding any other provision of the Plan, the Committee shall have the
right and power to adopt any and all such amendments to the Plan as it shall
deem necessary or advisable to ensure compliance with Section 409A and the
Regulations, including amendments with retroactive effect.

7.4
Governing Law. The Plan shall be construed and governed in all respects
according to the laws of the State of New York, where it is adopted, without
regard to principles of conflict of laws.

7.5
Data. Any Participant or Beneficiary entitled to benefits under the Plan must
furnish to the Committee such documents, evidence, or other information as the
Committee considers necessary or desirable for the purpose of administering the
Plan, including, without limitation, his or her current mailing address and any
other address necessary to effect the making of payment hereunder.

7.6
Separability. If any provision of the Plan is held invalid or unenforceable, its
invalidity or unenforceability will not affect other provisions of the Plan, and
the Plan will be construed and enforced as if such provision had not been
included therein.

7.7
Headings. Headings and subheadings in this Plan are inserted for convenience of
reference only and are not to be considered in the construction of the
provisions hereof.

7.8
Usage. Whenever applicable, the singular, when used in the Plan, will include
the plural and vice versa.

7.9
Grantor Trust Agreement/Change of Control. The powers, rights and duties of the
Trustee under any rabbi trust created for the purpose of assisting the Company
in meeting its obligations under the Plan shall, following a “Change of Control”
as defined in the trust agreement for such Trust, govern and prevail to the
extent inconsistent with any of the provisions of the Plan, including without
limitation Plan provisions making the Committee's determinations final and
binding. The Company shall make such contributions to such Trust as shall be
required under the terms of such trust agreement. Although the principal of the
Trust and any earnings thereon shall be held separate and apart from other funds
of Company and shall be used exclusively for the uses and purposes of
Participants and Beneficiaries as set forth therein, neither the Participants
nor their Beneficiaries shall have any preferred claim on, or any beneficial
ownership in, any assets of the Trust prior to the

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time such assets are paid to the Participants or Beneficiaries as benefits, and
all rights created under this Plan shall be unsecured contractual rights of Plan
Participants and Beneficiaries against the Company. Any assets held in the Trust
will be subject to the claims of Company's general creditors under federal and
state law in the event of insolvency as more fully provided in the trust
agreement for the Trust.

7.10
Administrative Processing Considerations. Notwithstanding any other provision of
the Plan, it shall be recognized that implementation of the accounting,
valuation and distribution procedures required under the Plan is dependent upon
the Plan recordkeeper receiving complete and accurate information from a variety
of different sources on a timely basis. Since events may occur that interrupt or
otherwise interfere with this process, there shall be no guarantee by the Plan
that any given information or transaction will be received or processed at the
anticipated time and day. If any such events shall occur, any affected
transaction will be processed as soon as administratively feasible consistently
with the Regulations, without liability to any Participant or Beneficiary by
reason thereof.

7.11
Correction of Error. The Committee may adjust the Accounts of any or all
Participants in order to correct errors and rectify omissions in such manner as
the Committee believes will best result in the equitable and nondiscriminatory
administration of the Plan and ensure compliance with Section 409A and the
Regulations and/or to make use of such correction procedures as may be
established to mitigate or avoid penalties for violation thereof, without
liability to any Participant or Beneficiary by reason thereof.

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ARROW ELECTRONICS, INC.
NON-EMPLOYEE DIRECTORS DEFERRED COMPENSATION PLAN
Effective October 1, 2004, as amended and restated effective January 1, 2009

Adopted by action of the Arrow Electronics, Inc. Management Pension and
Investment Oversight Committee on December 12, 2008

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TABLE OF CONTENTS

ARTICLE I    PURPOSE AND DEFINITIONS    
1.1    Purpose of Restatement    
1.2    Construction    
1.3    Definitions    
ARTICLE II    PARTICIPATION    
ARTICLE III    DEFERRAL ELECTIONS    
3.1    Elections to Defer Compensation    
3.2    Time and Form of Election    
3.3    Irrevocability    
ARTICLE IV    PARTICIPANT ACCOUNTS    
4.1    Deferral Accounts    
4.2    Fund Elections    
4.3    Adjustment of Fund Subaccounts    
ARTICLE V    DISTRIBUTIONS    
5.1    Separation from Service    
5.2    Distribution on Death    
5.3    Emergency Distribution    
5.4    Medium of Distribution    
5.5    Actual Payment Date    
5.6    Payment to Incompetent    
5.7    Doubt as to Right to Payment    
5.8    Acceleration generally prohibited    
5.9    Delays to comply with Securities and other Laws    
ARTICLE VI    ADMINISTRATION    
6.1    Committee    
6.2    Powers and Duties of the Committee    
6.3    Delegation of Authority; Appointment of Agents    
6.4    Compensation, Expenses and Indemnity    

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6.5    Disputes    
6.6    Liability, Limited; Indemnification    
ARTICLE VII    MISCELLANEOUS    
7.1    Unsecured General Creditor    
7.2    Restriction Against Assignment    
7.3    Amendment, Modification, Suspension or Termination    
7.4    Governing Law    
7.5    Data    
7.6    Separability    
7.7    Headings    
7.8    Usage    
7.9    Grantor Trust Agreement/Change of Control    
7.10    Administrative Processing Considerations    
7.11    Correction of Error