Document:

Settlement and Release

 Exhibit 10.1 
 B E T W E E N: 
 JIM ESTILL 
 “ESTILL” 
 - and - 
 SYNNEX CANADA LIMITED 
 “SYNNEX” 
 MINUTES OF SETTLEMENT AND RELEASE 
 WHEREAS ESTILL is employed with
SYNNEX Canada Limited; 
 AND WHEREAS ESTILL and SYNNEX wish to provide for the complete terms and conditions upon which
ESTILL’s employment with SYNNEX will cease, including certain reasonable covenants entered into by ESTILL in exchange for consideration from SYNNEX; 
 THE PARTIES AGREE AND SAY AS FOLLOWS: 
 1. (a) Commencing on or about May 29, 2009, SYNNEX shall pay to ESTILL a
gross payment of CDN$550,000.00. This amount shall be paid on a bi-weekly basis over the period of one year in equal instalments, less all deductions required by law; and 
 (b) For the purposes of SYNNEX’s Stock Option Plan, all of ESTILL’s stock options and/or equity grants shall cease vesting on May 29, 2009 at 11:59 p.m. Any stock options or equity grants which have
vested as of May 29, 2009 may be exercised within the following twenty-four (24) month period ending May 29, 2011 at 4:00 p.m. EST. The provisions of Synnex’s Stock Option Plan shall apply in all matters involving ESTILL’s
stock options and equity grants; and 
 (c) SYNNEX shall pay to ESTILL a pro-rata profit sharing payment in respect of the 2009 fiscal year. The amount of
the payment shall be CDN$142,500.00 (based upon 50% of ESTILL’s target payment) and shall be made in two equal installments of CDN$71,250.00 on or before May 29, 2010 and May 29, 2011, respectively. The payment shall be less all
deductions required by law; and 

 (d) ESTILL’s last day of active employment with SYNNEX shall be on a mutually agreed-upon date which is on or about
May 29, 2009 (“the date upon which his active employment ends”). ESTILL agrees that he will continue to respond to inquires and provide reasonable assistance to SYNNEX with matters involving the business of SYNNEX after that date.

 2. ESTILL confirms that he is a fiduciary to SYNNEX and that he will continue to comply with his fiduciary obligations as a former officer and employee
with SYNNEX pursuant to the common law. ESTILL further agrees as follows: 
 (a) ESTILL will not disclose any Confidential Information to any
person or entity. For the purposes of this provision: “Confidential Information” shall mean trade secrets and other confidential or proprietary information of SYNNEX or of companies affiliated, associated, or related to SYNNEX, in written
or oral form, including their respective suppliers, distributors, customers, or other business partners (“Associates”), that is not generally known to the public and (i) that has been specifically identified as confidential or
proprietary by SYNNEX, or, (ii) the nature of which is such that it would generally be considered confidential in the industry in which SYNNEX operates, or (iii) that SYNNEX is obligated to treat as confidential or proprietary. By way of
illustration only, Confidential Information includes all financial, legal, and corporate information; marketing information; pricing, research, product, technical, and manufacturing information; personnel information; and customer, distributor, and
supplier information related to SYNNEX or its Associates; 
 (b) For a twenty four (24) month period commencing on the date upon which
his active employment ends, ESTILL will not, either directly or indirectly, solicit any of SYNNEX’s existing or potential clients for the purpose of trying to persuade them to cease to do business with SYNNEX or to reduce or adversely affect
the amount of business that such client has customarily done or is reasonably expected to do with SYNNEX. 
 (c) For a twenty four
(24) month period commencing on the date upon which his active employment ends, ESTILL will not, either directly or indirectly, solicit any of SYNNEX’s employees in an effort to have such employees leave SYNNEX’s employ. 

(d) For a twenty four (24) month period commencing on the date on which his active employment ends, ESTILL further agrees that he will not
(without the prior written consent of SYNNEX) in any manner, directly or indirectly, either individually or in partnership or in conjunction with any company or business, as principal, agent, shareholder, employee or in any other manner whatsoever,
carry on or be engaged in or be concerned with or interested in or advise any person or persons, firm, association, syndicate, company or corporation engaged in or concerned with or 

  

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interested in any of the following company which directly or indirectly competes with SYNNEX or its related companies or entities. This provision shall apply
anywhere within Canada only to the following entities or any of their affiliated, associated, or related business entities: Ingram Micro, Inc.; Tech Data Corporation; Westcon Group; United Stationers Inc.; Azerty Incorporated; Supercom Canada Ltd.;
D&H Distributing Company; Avnet, Inc.; Arrow Electronics, Inc.; Navarre Corporation; Bell Microproducts, Inc.; Bell Canada; CDW Corporation; Best Buy Co., Inc.; Dell Inc.; Compugen Inc.; Hewlett-Packard Company; Lexmark International, Inc.;
Lenovo Group Limited; Microsoft Corporation; and Apple Inc. 
 (e) ESTILL acknowledges that any breach of this paragraph, or any
sub-paragraph, or any part thereof, shall result in the immediate cessation of the payments listed in paragraph 1, above. ESTILL further agrees that any breach of this paragraph, or any sub paragraph, or any part thereof, shall result in irreparable
harm to SYNNEX and, in addition to any damages arising out of the breach, SYNNEX will be entitled to any interlocutory and permanent injunction as a necessary remedy to enjoin any further breach by ESTILL, if SYNNEX chooses to seek injunctive
relief. 
 3. ESTILL further agrees that he shall not act in any manner that may injure or cause loss to SYNNEX, including, but not limited to any action
with respect to any matter relating to SYNNEX’s existing or contemplated business which would impair or injure SYNNEX’s business or reputation. In addition, ESTILL agrees that he will not comment in any adverse fashion on, and will refrain
from making any disparaging or derogatory remarks regarding SYNNEX and its associated and related companies and their respective directors, officers, agents or employees, or his relationship with any of them. ESTILL acknowledges that any breach of
this paragraph shall result in the immediate cessation of the payments set out in paragraph 1 above. SYNNEX also agrees that it will not make any disparaging or derogatory remarks regarding ESTILL. 
 4. ESTILL agrees that this settlement is not an admission of liability by SYNNEX, and in fact any such liability is denied. 
 5. ESTILL further agrees that it is a condition of these terms that ESTILL agrees not to disclose the contents of this agreement except to ESTILL’s immediate
family, or to the extent necessary to permit ESTILL to obtain legal and/or financial advice in connection with this agreement, provided however, that such third parties first agree not to reveal the terms to any other third party. 
 6. ESTILL confirms that all property belonging to SYNNEX has been returned to SYNNEX. However, notwithstanding the foregoing, the parties agree that ESTILL shall retain
his notebook computer after SYNNEX software and other confidential information have been removed and certain other non-material personal property. 
  

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 7. ESTILL agrees to indemnify and save SYNNEX harmless with respect to any claims, charges or demands properly exigible
which might be made upon it in respect of ESTILL’s obligations in connection with this settlement pursuant to the Income Tax Act (Canada) or the Employment Insurance Act, save and except in respect of any amounts properly withheld
by SYNNEX. 
 8. ESTILL acknowledges by signing this settlement that ESTILL understands its terms and has had a reasonable opportunity for independent legal
advice of his own choosing with regards to the contents of this agreement and the rights and obligations affected hereby. ESTILL further confirms that this settlement constitutes the entire agreement between the parties, and that the undertakings in
paragraph 1 are the sole consideration for the full and final release described below. 
 9. In consideration of the performance of the undertakings in
paragraph 1, ESTILL hereby irrevocably and unconditionally fully releases, remises, and forever discharges SYNNEX, its subsidiaries, affiliates, parent, related companies and successors and each of their respective officers, directors, employees and
agents (the “Releasees”) from any and all manner of claims, proceedings, actions, causes of action, debts, dues, accounts, claims, demands and proceedings of whatever kind for damages, indemnity, costs, reinstatement, benefits,
compensation or any other remedy which ESTILL or ESTILL’s heirs, administrators or assigns had, may now have, or may have in the future arising out of ESTILL’s employment, any amounts arising from his employment or the termination of that
employment, including without limitation all claims for moneys advanced, salary, wages, bonuses, vacation pay, expenses, fees, or other remuneration whether authorized or provided for by law (including, but not limited to, the Ontario Human
Rights Code and the Employment Standards Act, 2000), contract or otherwise except for obligations arising under or pursuant to this agreement. 
 10. In consideration of the performance of the undertakings in paragraph 1, ESTILL hereby agrees not to make any claim or take any proceeding in connection with the claims released herein against any other person or party who may claim
contribution or indemnity from the Releasees by virtue of said claim or proceeding. 
 11. The terms of this Agreement shall continue indefinitely unless
otherwise expressly provided herein. 
  

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 12. In the event that in any legal proceeding it is determined that any section, paragraph or sub-paragraph of this
Agreement is invalid or unenforceable it will be deemed to be severed from the remainder of this Agreement for the purpose only of the particular proceeding. This Agreement will, in every other respect, continue in full force and effect. The
invalidity or unenforceability of any provision or part of any provision of this agreement shall not affect the validity or enforceability of any other provision or part of any provision hereof. 
 13. This Agreement shall be constructed in accordance with the laws of the Province of Ontario. Any action or proceeding to enforce this Agreement shall be brought in
the Superior Court of Justice in the Province of Ontario. 
 Dated at Fremont, California this 24th day of March, 2009. 
  

					
	 /s/ Jim Estill
	 		 	 /s/ Chris Caldwell

	ESTILL	 		 	Witness
	
	Dated at Fremont, California this 24th day of March, 2009.
			
	 /s/ Simon Y. Leung
	 		 	 /s/ Chris Caldwell

	SYNNEX CANADA LIMITED	 		 	Witness
	Simon Y. Leung	 		 	
	General Counsel and Corporate Secretary	 		 	

  

 - 5 -Form of Notice of Stock Option Grant

 Exhibit 10.2 
 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 You have been granted the following Option to purchase Common Stock of SYNNEX Corporation (the “Company”) under the Company’s 2003 Stock
Incentive Plan (the “Plan”): 
  

			
	Name of Optionee:	  	[Name of Optionee]
		
	Total Number of Option Shares Granted:	  	[Total Number of Shares]
		
	Type of Option:	  	 ̈ Incentive Stock Option
		
		  	 ̈ Nonstatutory Stock Option
		
	Exercise Price Per Share:	  	$             
		
	Grant Date:	  	[Date of Grant]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	This Option becomes exercisable with respect to the first 12/60th of the shares subject to this Option when you complete 12 months of continuous “Service” (as defined in the Plan) from
the Vesting Commencement Date. Thereafter, this Option becomes exercisable with respect to an additional 1/60th of the shares subject to this Option when you complete each additional month of Service.
		
	Expiration Date:	  	[Expiration Date] This Option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

 SYNNEX CORPORATION 
 NOTICE OF STOCK OPTION GRANT 
  

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 By your signature and the signature of the Company’s representative below, you and the Company agree
that this Option is granted under and governed by the term and conditions of the Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. 
  

							
	OPTIONEE:	 		 	SYNNEX Corporation
				
	  
	 		 	By:	 	  

	Optionee’s Signature	 		 		 	
				
	  
	 		 	Title:	 	  

	Optionee’s Printed Name	 		 		 	

 SYNNEX CORPORATION 
 NOTICE OF STOCK OPTION GRANT 
  

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 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 STOCK OPTION
AGREEMENT 
  

			
	Tax Treatment	  	This Option is intended to be an incentive stock option under Section 422 of the Internal Revenue Code or a nonstatutory option, as provided in the Notice of Stock Option Grant. Even if this
Option is designated as an incentive stock option, it shall be deemed to be a nonstatutory option to the extent required by the $100,000 annual limitation under Section 422(d) of the Internal Revenue Code.
		
	Vesting	  	This Option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. This Option will in no event become exercisable for additional shares after your Service has
terminated for any reason.
		
	Term	  	This Option expires in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Grant Date, as shown on the Notice of Stock Option Grant (fifth
anniversary for a more than 10% stockholder as provided under the Plan if this is an incentive stock option). This Option may expire earlier if your Service terminates, as described below.
		
	Regular Termination	  	If your Service terminates for any reason except Misconduct, Death or Disability, then this Option will expire at the close of business at Company headquarters on the date three (3) months
after the date your Service terminates (or, if earlier, the Expiration Date). The Company has discretion to determine when your Service terminates for all purposes of the Plan and its determinations are conclusive and binding on all
persons.
		
	Death	  	If you die, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates (or, if earlier, the Expiration Date).
During that period of up to 12 months, your estate or heirs may exercise the Option.
		
	Disability	  	If your Service terminates by reason of Disability, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date your Service terminates
(or, if earlier, the Expiration Date).
		
	Misconduct	  	If your Service terminates for Misconduct, then this Option will expire at the close of business at Company headquarters on the date your Service terminates.

 SYNNEX CORPORATION 
 STOCK OPTION AGREEMENT 
  

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	Leaves of Absence	  	For purposes of this Option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the
Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to active work.
		
		  	If you go on a leave of absence, then the vesting schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company’s leave of absence policy or the
terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement
between you and the Company pertaining to your part-time schedule.
		
	Restrictions on Exercise	  	The Company will not permit you to exercise this Option if the issuance of shares at that time would violate any law or regulation. The inability of the Company to obtain approval from any
regulatory body having authority deemed by the Company to be necessary to the lawful issuance and sale of the Company stock pursuant to this Option shall relieve the Company of any liability with respect to the non-issuance or sale of the Company
stock as to which such approval shall not have been obtained. However, the Company shall use its best efforts to obtain such approval.
		
	Notice of Exercise	  	When you wish to exercise this Option you must notify the Company by completing the attached “Notice of Exercise of Stock Option” form and filing it with the Human Resources
Department of the Company. Your notice must specify how many shares you wish to purchase. Your notice must also specify how your shares should be registered. The notice will be effective when it is received by the Company. If someone else wants to
exercise this Option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.
		
	Form of Payment	  	When you submit your notice of exercise, you must include payment of the Option exercise price for the shares you are purchasing. Payment may be made in the following
form(s):
		
		  	 •        Your personal check, a cashier’s check or a money order.

 SYNNEX CORPORATION 
 STOCK OPTION AGREEMENT 
  

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		  	 •        Certificates for shares of Company stock that you own, along with any forms needed to
effect a transfer of those shares to the Company. The value of the shares, determined as of the effective date of the Option exercise, will be applied to the Option exercise price. Instead of surrendering shares of Company stock, you may attest to
the ownership of those shares on a form provided by the Company and have the same number of shares subtracted from the Option shares issued to you. However, you may not surrender, or attest to the ownership of shares of Company stock in payment of
the exercise price if your action would cause the Company to recognize a compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes.

		
		  	 •        By delivering on a form approved by the Committee of an irrevocable direction to a
securities broker approved by the Company to sell all or part of your Option shares and to deliver to the Company from the sale proceeds in an amount sufficient to pay the Option exercise price and any withholding taxes. The balance of the sale
proceeds, if any, will be delivered to you. The directions must be given by signing a special “Notice of Exercise” form provided by the Company.

		
		  	 •        Irrevocable directions to a securities broker or lender approved by the Company to
pledge Option shares as security for a loan and to deliver to the Company from the loan proceeds an amount sufficient to pay the Option exercise price and any withholding taxes. The directions must be given by signing a special “Notice of
Exercise” form provided by the Company.

		
		  	Notwithstanding the foregoing, payment may not be made in any form that is unlawful, as determined by the Company in its sole discretion.
		
	Withholding Taxes and Stock Withholding	  	You will not be allowed to exercise this Option unless you make arrangements acceptable to the Company to pay any withholding taxes that may be due as a result of the Option exercise. These
arrangements may include withholding shares of Company stock that otherwise would be issued to you when you exercise this Option. The value of these shares, determined as of the effective date of the Option exercise, will be applied to the
withholding taxes.

 SYNNEX CORPORATION 
 STOCK OPTION AGREEMENT 
  

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	Restrictions on Resale	  	By signing this Agreement, you agree not to sell any Option shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale
(e.g., a lock-up period after the Company goes public). This restriction will apply as long as you are an employee, consultant or director of the Company or a subsidiary of the Company.
		
	Transfer of Option	  	 In general, only you can exercise this Option prior to your death. You cannot transfer or assign this Option, other than as designated by you by
will or by the laws of descent and distribution, except as provided below. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may in
any event dispose of this Option in your will. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former
spouse’s interest in your Option in any other way.
  
 However, if this Option is
designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this Option as a gift to one or more family members. For purposes of this Agreement, “family
member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law or sister-in-law (including adoptive relationships), any individual sharing your
household (other than a tenant or employee), a trust in which one or more of these individuals have more than 50% of the beneficial interest, a foundation in which you or one or more of these persons control the management of assets, and any entity
in which you or one or more of these persons own more than 50% of the voting interest.
  
 In addition, if this Option is designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this option to your spouse or former spouse pursuant to a
domestic relations order in settlement of marital property rights.
  
 The Committee will
allow you to transfer this Option only if both you and the transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.

		
	Retention Rights	  	Neither your Option nor this Agreement gives you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to
terminate your Service at any time, with or without cause.
		
	Stockholder Rights	  	You, or your estate or heirs, have no rights as a stockholder of the Company until you have exercised this Option by giving the required notice to the Company and paying the exercise price.
No adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this Option, except as described in the Plan.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Company stock, the number of shares covered by this Option and the exercise price per share may be adjusted pursuant to
the Plan.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions).

 SYNNEX CORPORATION 
 STOCK OPTION AGREEMENT 
  

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	The Plan and Other Agreements	  	The text of the Plan is incorporated in this Agreement by reference. All capitalized terms in the Stock Option Agreement shall have the meanings assigned to them in the Plan. This Agreement
and the Plan constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded. This Agreement may be amended only by another written
agreement, signed by both parties.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, 
 YOU AGREE TO ALL OF THE TERMS AND CONDITIONS 
 DESCRIBED ABOVE AND IN THE PLAN. 
 SYNNEX CORPORATION 
 STOCK OPTION AGREEMENT 
  

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