EX-10.2





 Exhibit 10.2 

August 31, 2021 
 Mr. Richard Hume 

Dear Rich: 

SYNNEX Corporation (the “Company”) is pleased to offer you the position of President and Chief Executive
Officer on the following terms, subject to the completion of the mergers contemplated by that certain Agreement and Plan of Merger, dated as of March 22, 2021, by and among SYNNEX Corporation, Tiger Parent (AP) Corporation, Spire Sub I, Inc.
and Spire Sub II, Inc. (the “Merger Agreement”) (the “Employment Date”): 
 1.
Position. Commencing on the Employment Date, you will hold the position of President and Chief Executive Officer, reporting solely to the Board of Directors (the “Board”). As President and Chief Executive Officer, you will be
the Company’s most senior executive officer and have the duties, responsibilities, authority and reporting relationships normally associated with such position. 

During employment with the Company, your services will be provided at the Company’s location in Clearwater, Florida, or
remotely. 
 Employment with the Company is for no specific period of time. Your employment with the Company will be
“at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. 

During your employment with the Company, you agree to devote substantially all of your business attention and time to the
business and affairs of the Company. Notwithstanding the foregoing, you may (a) serve any civic, charitable, educational or profession organization; and (b) continue to serve on the board of directors for one
for-profit organization and for additional for-profit organizations with the approval of the Board. 

2. Board Membership. You will be appointed as a member of the Board, concurrent with the Employment Date. All directors
are subject to annual election and to removal by the shareholders of the Company in accordance with the Company’s by-laws and Delaware law. You will be nominated for election to the Board at each annual
meeting of the Company’s shareholders that occurs during your employment with the Company. Upon the Company’s written request, you agree to promptly resign as a member of the Board following any termination of your employment with the
Company. 
 3. Cash and Performance-Based Compensation. The Company will pay you a starting base salary at the rate
of $960,000 per year ($80,000 per month). Your base salary will be subject to annual review for possible increase by the Company’s Compensation Committee (the “Compensation Committee”), with the first review to occur with
respect to the fiscal year beginning December 1, 2022. 












 
Any increase in base salary approved pursuant to such review, if it is completed after the first day of the fiscal year, shall be made effective as determined by the Compensation Committee. 

You will be eligible to receive an annual incentive bonus for each fiscal year of the Company during your employment with the
Company; provided you are employed by Company on the last day of the fiscal year. Your target bonus for each fiscal year ending during your employment will be two and one-half times your base salary (such
amount your “Target Bonus”). Your actual annual incentive bonus earned will be determined by the Compensation Committee based upon the achievement of performance metrics established by the Compensation Committee for the applicable
fiscal year pursuant to the Company’s annual incentive plan. The bonus for a fiscal year will be paid within two and one-half months after the last day of the fiscal year. The determinations of the
Compensation Committee with respect to your bonus will be final and binding. 
 Notwithstanding the foregoing, you will not
be eligible to receive an annual incentive bonus for the Company’s fiscal year ending November 30, 2021. You will be eligible to receive your existing Tech Data bonus with respect to the 12-month
period ending January 31, 2022 (the “Existing Tech Data Bonus”) as contemplated by the Merger Agreement and a pro rata bonus for the fiscal year ending November 30, 2022 (the “2022 Fiscal Year”) as
follows. The Existing Tech Data Bonus will be a full-year bonus determined by the Compensation Committee based upon the Tech Data annual bonus plan for its fiscal year ending January 31, 2022. The Existing Tech Data Bonus will be paid no later
than April 15, 2022. Your annual incentive bonus for the 2022 Fiscal Year will be equal to ten twelfths (10/12ths) of the full-year annual incentive bonus as determined by the Compensation Committee pursuant to the paragraph above. 

In determining total compensation, the Company has stressed a compensation philosophy that is performance-driven with a high
degree of variability achieved through the Company’s profit-sharing program. Bonuses granted to executive officers under this profit-sharing program are determined by the Compensation Committee, based upon both qualitative and quantitative
considerations, and in past years have been based upon the achievement of certain predetermined, performance-based financial metrics. 

4. Employee Benefits; Indemnification and Insurance. 

(a) Employee Benefits. As a regular employee of the Company, you will also be eligible to receive all employee
benefits consistent with that provided to other senior executive officers. You should note that the Company reserves the right to modify compensation and benefits from time to time, as it deems necessary. The Company will reimburse you for ordinary
and necessary business expenses you incur in connection with the performance of your duties on behalf of the Company in accordance with the Company’s normal procedures, as they may be amended from time to time. 

(b) Indemnification and Insurance. On the Employment Date, the Company and you will enter into an indemnification
agreement in the form the Company has entered into with its other officers and directors. Your rights to indemnification and directors’ and officers’ liability insurance coverage under the indemnification agreement shall not be exclusive
and shall be in addition to any other rights you may 












 
have to indemnification (including with respect to advancement of expenses in connection therewith) and insurance coverage under (a) applicable law, (b) the provisions of any
organizational documents of the Company or any of its subsidiaries applicable to you or (c) any other agreement applicable to you, including the Merger Agreement. 

5. Equity Compensation. You will be eligible to receive equity compensation awards for each fiscal year during your
employment. Your initial equity compensation awards will be as follows: 
 (a) You will be granted an option to purchase
shares of the Company’s Common Stock (“Stock Option”) pursuant to the Company’s 2020 Stock Incentive Plan, as amended (the “Plan”) which Stock Option shall have a grant date fair value of approximately
$2,100,000. The date of grant will be the Employment Date; provided, however, that, if the Company’s trading window is not open on that date, the date of grant will be upon the expiration of three trading days after the Company’s trading
window is open, in accordance with the Company’s equity grant-making policy. The exercise price per share of the Stock Option will be equal to the closing price per share of the Company’s Common Stock on the date of grant. The Stock Option
will be subject to the terms and conditions applicable to options granted under Plan and the applicable stock option agreement. The Stock Option will be subject to vesting over the four-year period following the Employment Date (the “Vesting
Date”), with 25% of the option shares vesting on the one-year anniversary of the Vesting Date, and monthly vesting over the next succeeding 36 months, conditioned on your continuous common law
employment, as described in the applicable stock option agreement. 
 (b) You will also be granted a restricted stock or
restricted stock unit award for shares of the Company’s Common Stock (such award, the “RSAs”) pursuant to the Plan with a fair market value at grant of approximately $1,540,000. The date of grant will be the Employment Date;
provided, however, that, if the Company’s trading window is not open on that date, the date of grant will be upon the expiration of three trading days after the Company’s trading window is open, in accordance with the Company’s equity
grant-making policy. The RSAs will be subject to the terms and conditions applicable to RSAs granted under the Plan and the applicable RSA agreement. The RSAs will be subject to vesting over the four-year period following the Vesting Date (as
defined above), with 25% of the shares vesting on each one-year anniversary of the Employment Date, conditioned on your continuous common law employment, as described in the applicable RSA agreement. 

The terms and conditions of your future equity awards will be determined by the Compensation Committee in its sole discretion;
provided that such equity awards shall be made at such times and subject to such terms and conditions as the annual equity compensation awards made to the Company’s other senior executive officers. 

6. Stock Ownership Guidelines. During your employment, you will be expected not to sell your vested equity compensation
from the Company (with the exception of shares sold or withheld by the Company to cover your exercise price or taxes on such compensation) until you achieve ownership of an amount of the Company’s Common Stock having a fair market value of the
lower of (i) at least two times annual cash compensation or (ii) $2,000,000 in common stock, with a prohibition against any sale of 












 
common stock prior to achieving one or both of the foregoing. You will be expected to maintain this minimum level of ownership thereafter. Stock ownership for this purpose includes any Common
Stock owned personally or in trust for your benefit and/or vested in-the-money stock options of the Company, and does not include unvested restricted stock or restricted
stock units, or unvested or out-of-the-money stock options. 

7. Severance Pay. 

(a) Involuntary Termination: If the Company terminates your employment with the Company after the Employment Date for
a reason other than Cause, Disability or death, or you terminate your employment for Good Reason as such terms are defined below (either such termination an “Involuntary Termination”) then, subject to Section 8, you will
receive the following severance benefits from the Company: 
 (i) Severance Payment. You will be paid severance of
salary continuation for a period of twelve (12) months following the employment termination date at a rate equal to the (A) the greater of (i) the total amount of base salary and bonus payments you received over the three-year period
ending on the date of your Involuntary Termination, or if you have been employed by the Company for less than three years, over the number of years (including fractional years) of employment with the Company, divided by three (3) or such lesser
number of years (including fractional years), or (ii) the total amount of the annual base salary and Target Bonus in effect under Section 3 as of the date of your Involuntary Termination, divided by (B) twelve (12). Such payments
shall be paid periodically in accordance with the Company’s normal payroll policies. 
 (ii) Continued Health
Benefits. You will receive reimbursement from the Company of the group health continuation coverage premiums for you and your eligible dependents under Section 4980B of the Internal Revenue Code of 1986, as amended (the
“Code”) or corresponding provisions of state law (“COBRA”) through the earliest of (x) the twelve-month anniversary of the date of termination of employment, (y) the date upon which you and your eligible
dependents become covered under similar plans or (z) the date you no longer qualify as a “Qualified Beneficiary” (as such term is defined in Section 4980B(g) of the Code); provided, however, that you are solely responsible for
timely electing COBRA coverage. 
 (b) Change of Control: If you incur an Involuntary Termination during the two
(2) month period before or on or within twelve (12) months after a change of control of the Company, then, subject to Section 8, you will receive the following severance benefits from the Company in lieu of the severance benefits
described in Section 7(a) above: 
 (i) Severance Payment. You will be paid severance of salary continuation
for a period of eighteen (18) months (plus one additional month per year of employment after the eighteenth year of employment), up to a maximum of twenty-four (24) months, following the employment termination date at a rate equal to the
(A) the greater of (i) the total amount of base salary and bonus payments you received 












 
over the three-year period ending on the date of your Involuntary Termination, or if you have been employed by the Company for less than three years, over the number of years (including
fractional years) of employment with the Company, divided by three (3) or such lesser number of years (including fractional years), or (ii) the total amount of the annual base salary and Target Bonus in effect under Section 3 as of
the date of your Involuntary Termination, divided by (B) twelve (12). Such payments shall be paid periodically in accordance with the Company’s normal payroll policies. 

(ii) Continued Health Benefits. You will receive reimbursement from the Company of the group health continuation
coverage premiums for you and your eligible dependents under Section 4980B of the Code or COBRA through the earliest of (x) the twenty-four (24)-month anniversary of the date of termination of employment, (y) the date upon which you
and your eligible dependents become covered under similar plans or (z) the date you no longer qualify as a “Qualified Beneficiary” (as such term is defined in Section 4980B(g) of the Code); provided, however, that you are solely
responsible for timely electing COBRA coverage. 
 (c) Retirement: If your employment with the Company terminates
for any reason other than Cause, Disability or death, then, subject to Section 8, eighty percent (80%) of your then unvested equity grant awards, except any unvested equity grant awards with an effective date less than three (3) months
prior to your termination, will be accelerated upon your date of termination. 
 8. Conditions to Receipt of Severance
and Retirement Benefits; Section 409A 
 (a) Release of Claims. The receipt of any severance
and retirement benefits pursuant to Section 7 will be subject to your signing and not revoking a customary release of claims in a form acceptable to the Company within such period of time as the Company may require, which time period to sign
the release shall be not less than 21 days following your termination of employment. The release of claims shall not impose any confidentiality or restrictive covenant provisions on you other than those set forth in this Agreement or require you to
release any rights or claims to (i) any of the severance and retirement benefits pursuant to Section 7, (ii) vested benefits under any employee benefit plan, (iii) rights under any equity or equity-based awards or
(iv) indemnification and insurance coverage. 
 (b) Noncompetition; Nonsolicitation. The receipt of any
severance and retirement benefits pursuant to Section 7 will be subject to your not violating the provisions of Section 10. In the event you materially breach the provisions of Section 10, or if you elect not to comply with the terms
of Section 10(a) on noncompetition or Section 10(b)(ii) on nonsolicitation of business, all continuing payments and benefits to which you would have been entitled pursuant to Section 7 will immediately cease. 

(c) Section 409A. Any cash severance or retirement benefits to be paid pursuant to Section 7
or will not be paid during the six-month period following your termination of employment if the Company determines that you are a “specified employee” within the meaning of Section 409A of the
Code and that such amounts are not exempt from Section 409A. In such event, the Company will pay you a lump-sum amount equal to the cumulative amounts that would have otherwise been paid to you during
such six-












 
month period on the first day following such six-month period (or, if earlier, your death). Thereafter, you will receive your cash severance payments
pursuant to Section 7 in accordance with the Company’s normal payroll practices or retirement benefits in accordance with the terms of the applicable award agreements. The provisions of this agreement which require commencement of payments
or benefits subject to Section 409A upon a termination of employment shall be interpreted to require that you have a “separation from service” with the Company (as defined for purposes of Section 409A). Any series of severance
payments or benefits provided under this agreement shall for all purposes of Section 409A be treated as a series of separate payments and not as a single payment. In any case where the date of your separation from service and the date by which
you are required to sign the release pursuant to Section 8(a) of this agreement (including for this purpose the applicable revocation period) falls in two separate taxable years, any amount required to be paid to you that is conditioned on the
effectiveness of such release and is determined by the Company not to be exempt from Section 409A of the Code shall be paid in the later taxable year. 

9. Definition of Terms. The following terms referred to in this agreement will have the following meanings: 

(a) Cause. “Cause” means (i) commission of a felony, an act involving moral turpitude, or an act
constituting common law fraud, and which has a material adverse effect on the business or affairs of the Company or its affiliates or stockholders, (ii) intentional or willful misconduct or refusal to follow the lawful instructions of the Board
or (iii) intentional breach of Company confidential information obligations which has an adverse effect on the Company or its affiliates or stockholders. For these purposes, no act or failure to act shall be considered “intentional or
willful” unless it is done, or omitted to be done, in bad faith without a reasonable belief that the action or omission is in the best interests of the Company. 

(b) Disability. “Disability” means that you have been unable to perform the principal functions of
your duties due to a physical or mental impairment, but only if such inability has lasted or is reasonably expected to last for at least six (6) months. Whether you have a Disability will be determined by the Board based on evidence provided by
one or more physicians selected by the Board. 
 (c) Good Reason. “Good Reason” means the
occurrence of any of the following, without your written consent: (i) a reduction in your Base Salary; (ii) a reduction your Target Bonus; (iii) (A) a material, adverse change in, or any action by the Board or any member thereof which
are inconsistent with, your title, position, authority, duties, responsibilities or reporting relationships set forth by Section 1, or (B) your removal from the Board (including as a result of the failure of the Board to nominate you for
election or of the shareholders of the Company to elect you to the Board); (iv) a relocation of your principal office location by more than thirty-five (35) miles from its then-current location; or (v) a material breach by the Company of a
material provision of this Agreement. You cannot terminate your employment for Good Reason unless you have provided written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within ninety
(90) days of the initial existence of such grounds and the Company has had at least thirty (30) days from the date on which such notice is provided to cure such circumstances. 












 10. Restrictive Covenants. 

(a) Noncompete. For a period beginning on the Employment Date and ending on the date you cease to provide services to
the Company or any parent or subsidiary of the Company (excluding services provided pursuant to Section 11 following your termination of employment) or, if later, the date through which severance is payable pursuant to Section 7, you agree
to not, directly or indirectly, engage in (whether as an employee, consultant, agent, proprietor, principal, partner, stockholder, corporate officer, director or otherwise), nor have any ownership interest in or participate in the financing,
operation, management or control of, any person, firm, corporation or business that competes with Company (or any parent or subsidiary of the Company); provided, however, that you shall not be prohibited from owning, solely as an investment, up to
1% of the stock of a publicly traded corporation or up to 5% of the equity of a non-publicly traded company. You may elect not to comply with the provisions of this Section 10(a) following your
termination of employment. However, all continuing payments and benefits to which you would have been entitled pursuant to Section 7 will immediately cease. 

(b) Nonsolicit. 

(i) For a period beginning on the Employment Date and ending on the date twelve (12) months after you cease to provide
services to the Company or any parent or subsidiary of the Company (excluding services provided pursuant to Section 11 following your termination of employment), you, directly or indirectly, whether as employee, owner, sole proprietor, partner,
director, member, consultant, agent, founder, co-venturer or otherwise, will not solicit, induce or influence any person to leave employment with the Company (or any parent or subsidiary of the Company). 

(ii) For a period beginning on the Employment Date and ending the date you cease to provide services to the Company or
any parent or subsidiary of the Company (excluding services provided pursuant to Section 11 following your termination of employment) or, if later, the date through which severance is payable pursuant to Section 7, you, directly or
indirectly, whether as employee, owner, sole proprietor, partner, director, member, consultant, agent, founder, co-venturer or otherwise, will not directly or indirectly solicit business from any of the Company’s customers and users on
behalf of any business that directly competes with the principal business of the Company (or any parent or subsidiary of the Company). You may elect not to comply with the provisions of this Section 10(b)(ii) following your termination of
employment. However, all continuing payments and benefits to which you would have been entitled pursuant to Section 7 will immediately cease. 

(c) Understanding of Covenants. You represent that you (i) are familiar with the foregoing covenants not to
compete and not to solicit, and (ii) are fully aware of your obligations hereunder, including, without limitation, the reasonableness of the length of time, scope and geographic coverage of these covenants. 












 11. Litigation. You agree to cooperate with the Company beginning on
the Employment Date and thereafter (including following your termination of employment for any reason) by making yourself reasonably available to testify on behalf of the Company or any of its affiliates in any action, suit, or proceeding, whether
civil, criminal, administrative, or investigative, and to assist the Company, or any affiliate, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or
representatives or counsel to the Company, or any affiliate as reasonably requested. The Company agrees to reimburse you for all expenses actually incurred in connection with your provision of testimony or assistance, and if you provide testimony or
assistance after the one-year anniversary of your termination as an employee and Board member (or during the first year after your termination as an employee and Board member if no severance is being paid with
respect to such time), $500 per hour for your time. 
 12. Successors. For all purposes under this agreement, the
term “Company” will include any successor to the Company’s business and/or assets which expressly assumes this agreement or which becomes bound by the terms of this agreement by operation of law. The terms of this agreement and all of
your rights hereunder will inure to the benefit of, and be enforceable by, your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

13. Arbitration. Any controversy involving the construction or application of any terms, covenants or conditions of
this agreement, or any claims arising out of any alleged breach of this agreement, will be governed by the rules of the American Arbitration Association and submitted to and settled by final and binding arbitration in Pinellas County, Florida except
that any alleged breach of the Company’s Confidentiality and Assignment of Inventions Agreement shall not be submitted to arbitration and instead the Company may seek all legal and equitable remedies, including without limitation, injunctive
relief. 
 14. Miscellaneous Provisions. 

(a) Waiver. No provision of this agreement will be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by you and by an authorized officer of the Company (other than you). No waiver by either party of any breach of, or of compliance with, any condition or provision of this agreement by the other party will
be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (b)
Entire Agreement. This agreement constitutes the entire agreement of the parties hereto and supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or
implied) of the parties with respect to the subject matter hereof. This agreement may only be modified by a signed writing between the parties. 

(c) Choice of Law. The laws of the State of Florida (without reference to its choice of laws provisions) will govern
the validity, interpretation, construction and performance of this agreement. 












 (d) Severability. The invalidity or unenforceability of any
provision or provisions of this agreement will not affect the validity or enforceability of any other provision hereof, which will remain in full force and effect. 

(e) Withholding. All payments made pursuant to this agreement will be subject to withholding of applicable income and
employment taxes. 
 * * * * * 
  

 
 We hope that you will
accept our offer of the position of President and Chief Executive Officer of the Company. You may indicate your agreement with these terms and accept this offer by signing and dating both the enclosed duplicate original of this agreement returning
them to me. 
 In the event the Merger Agreement is terminated prior to consummation of the mergers, this agreement shall be
void ab initio. 
  

			
	         Very truly yours,

	
	         SYNNEX Corporation

		
	 By:
	 	 /s/ Kevin Murai

		 	 Kevin Murai

Chairman of the Board of Directors

		 	 August 31, 2021



 I have read and accept this employment offer: 

 

	
	 /s/ Richard Hume

	Richard Hume
	Dated: August 31, 2021