Document:

<PAGE>
                                                                 EXHIBIT 10.3(a)

                                   AVNET, INC.

                          2003 STOCK COMPENSATION PLAN

                            NONQUALIFIED STOCK OPTION

Avnet, Inc. (the "Company"), hereby grants to the Participant named below a
nonqualified stock option (the "Option") to purchase all or any part of the
number of shares of its common stock (the "Stock"), that are covered by this
Option, as specified below, at the exercise price per share specified below and
upon the terms and conditions set forth in the Avnet, Inc. 2003 Stock
Compensation Plan (the "Plan") and these Standard Terms and Conditions (the
"Standard Terms and Conditions").

Name of Participant:

Grant Date:

Number of Shares of Stock covered by Option:

Exercise Price Per Share:                       $

Expiration Date:

Vesting Schedule:

This Option is not intended to qualify as an incentive stock option under
Section 422 of the Internal Revenue Code of 1986, as amended. By accepting this
award, the Participant acknowledges that he or she has received and read, and
agrees that this Option shall be subject to, the terms of the Plan and these
Standard Terms and Conditions.

AVNET, INC.
                                          --------------------------------------
                                                 Participant's Signature

                                          --------------------------------------
                                                Participant's Printed Name

By:
   -----------------------------------
                                                 Address (Please print):
Title:
      --------------------------------    --------------------------------------

                                          --------------------------------------

                                          --------------------------------------

                                       1
<PAGE>
                                   AVNET, INC.
                          2003 STOCK COMPENSATION PLAN

                        STANDARD TERMS AND CONDITIONS FOR
                       EMPLOYEE NONQUALIFIED STOCK OPTIONS

These Standard Terms and Conditions apply to any Option granted under the Avnet,
Inc. 2003 Stock Compensation Plan (the "Plan") that are identified as
nonqualified stock options and are evidenced by an action of the Committee.

1.    TERMS OF OPTION

      Avnet, Inc, (the "Company"), has granted to the Participant a nonqualified
      stock option (the "Option") to purchase up to the number of shares of the
      Company's common stock (the "Stock"), at the purchase price per share and
      upon the other terms set forth on the cover page hereto, and subject to
      the conditions set forth in these Standard Terms and Conditions and the
      Plan. For purposes of these Standard Terms and Conditions, any reference
      to the Company shall include a reference to any Subsidiary.

2.    NON-QUALIFIED STOCK OPTION

      The Option is not intended to be an incentive stock option under Section
      422 of the Internal Revenue Code of 1986, as amended (the "Code") and will
      be interpreted accordingly.

3.    EXERCISE OF OPTION

      The Option is not exercisable as of the Grant Date specified on the cover
      page. After the Grant Date, to the extent not previously exercised, and
      subject to termination or acceleration as provided in these Standard Terms
      and Conditions and the Plan, the Option shall be exercisable to the extent
      it becomes vested, according to the vesting schedule described on the
      cover page, provided that (except as set forth in Section 4 below)
      Participant remains employed with the Company and does not experience a
      termination of employment.

      To exercise the Option or any part thereof, Participant shall deliver to
      the Company a written notice specifying the number of whole shares of
      Stock Participant wishes to purchase (provided that each exercise shall be
      for 100 shares of Stock or any multiple thereof, or for the whole number
      of shares currently exercisable under the Option) and how Participant's
      shares of Stock should be registered (for example, in Participant's name
      only or in Participant's and Participant's spouse's names as community
      property or as joint tenants with right of survivorship).

                                       2
<PAGE>
      The exercise price (the "Exercise Price") of the Option is set forth on
      the cover page and the Company will not issue any shares of Stock until
      Participant pays the total Exercise Price for the requested number of
      shares of Stock, together with any income tax required to be withheld, if
      applicable. The Exercise Price may be paid by check (certified or
      cashiers' check if so required by the Company) or by such other method
      (including transfer of Stock previously owned by the Participant for at
      least six (6) months, or broker-assisted Regulation T simultaneous
      exercise and sale), as permitted by the Committee.

      Fractional shares may not be exercised. Shares of Stock will be issued as
      soon as practical after exercise.

      Notwithstanding the above, the Company shall not be obligated to deliver
      any shares of Stock if (a) the Stock is not properly registered or subject
      to an applicable exemption therefrom, (b) the Stock is not listed on the
      stock exchanges on which the Company's Stock is otherwise listed, or (c)
      the Company determines that the exercise of the Option or the delivery of
      shares would violate any federal or state securities or other applicable
      laws, and the Option may be rescinded if necessary to ensure compliance
      with federal, state or other applicable laws. The Participant shall not
      acquire or have any rights as a shareholder of the Company by virtue of
      this option grant or these Standard Terms and Conditions until
      certificates representing shares of Stock are actually issued and
      delivered to the Participant upon an exercise of the Option.

4.    EXPIRATION OF OPTION

      Except as provided in this Section 4, the Option shall expire and cease to
      be exercisable as of the Expiration Date set forth on the cover page.

      A.    In the event that the Participant shall cease to be employed by the
            Company for any reason other than death, disability, Retirement, or
            other reasons determined by the Committee in its sole discretion,
            the Option evidenced hereby shall immediately expire and cease to be
            exercisable.

      B.    In the event that the Participant shall cease to be employed by the
            Company as a result of Retirement (as defined below), the Option
            evidenced hereby shall continue to vest and shall remain exercisable
            for five years after the date of the Participant's cessation of
            employment, but in no event later than the Expiration Date (unless
            such Option shall sooner be surrendered for termination or expire).
            At the end of such period, the Option (unless it shall sooner have
            been surrendered for termination or have expired) shall terminate
            and cease to be exercisable. For purposes hereof, a qualifying
            "Retirement" shall have occurred if at the time of cessation of
            employment (1) the employee is at least age 55 and has at least five
            years of service with the Company, (2) the combination of the
            employee's age plus years of service equals at least 65, and (3) the
            employee has signed a two-year non competition agreement in a form
            acceptable to the Company.

                                       3
<PAGE>
      C.    In the event that the Participant shall cease to be employed by the
            Company as a result of disability (as determined by the Committee in
            its sole discretion), the Option shall remain exercisable for three
            months after the date of such cessation of employment, but in no
            event later than the Expiration Date (unless such Option shall
            sooner be surrendered for termination or expire), and only if and to
            the extent that such Option was exercisable by the Participant at
            such date of cessation of employment. At the end of such period, the
            Option (unless it shall sooner have been surrendered for termination
            or have expired) shall terminate and cease to be exercisable.

      D.    In the event of the death of the Participant (1) while in the employ
            of the Company, (2) within five (5) years after the Participant
            ceases to be employed through Retirement, or (3) within three months
            after the Participant ceases to be employed through disability, the
            Option shall remain exercisable (unless such Option shall sooner be
            surrendered or expire) for one year after the date of death of the
            Participant; provided, however, that the Option must be exercised no
            later than the Expiration Date, and only (x) by the person or
            persons to whom the right to exercise such Option shall have passed
            by will or the laws of descent and distribution, and (y) if and to
            the extent that the Option shall have been exercisable by the
            Participant at the date of death. At the end of such period, such
            Option (unless it shall sooner have been surrendered or have
            expired) shall terminate and cease to be exercisable.

      E.    Notwithstanding any other provision of these Standard Terms and
            Conditions to the contrary, in the event of a Change in Control (as
            defined in the Plan), the Option shall become immediately
            exercisable in full (unless it shall sooner have been surrendered
            for termination or have expired).

      F.    The Committee may, in the event of a public solicitation by any
            person, firm or corporation other than the Company, of tenders of
            50% or more of the then outstanding Stock (known conventionally as a
            "tender offer"), accelerate exercisability of the Option evidenced
            hereby if the Participant is then employed with the Company, so that
            the Option shall become immediately exercisable in full; provided
            that any such accelerated exercisability shall cease upon the
            expiration, termination or withdrawal of such "tender offer,"
            whereupon the Option evidenced hereby shall be (and shall continue
            thereafter to be) exercisable only to the extent that it would have
            been exercisable if no such acceleration of exercisability had been
            authorized.

5.    RESTRICTIONS ON RESALES OF OPTION SHARES

      The Company may impose such restrictions, conditions or limitations as it
      determines appropriate as to the timing and manner of any resales by the
      Participant or other subsequent transfers by the Participant of any shares
      of Stock issued as a result of the exercise of the Option, including
      without limitation (a) restrictions under an insider trading policy, (b)
      restrictions designed to delay and/or coordinate the timing and manner of
      sales by Participant and other optionholders and (c) restrictions as to
      the use of a specified brokerage firm for such resales or other transfers.

                                       4
<PAGE>
6.    INCOME TAXES

      To the extent required by applicable federal, state, local or foreign law,
      the Participant shall make arrangements satisfactory to the Company for
      the satisfaction of any withholding tax obligations that arise by reason
      of an Option exercise or disposition of shares issued as a result of an
      Option exercise. The Company shall not be required to issue shares or to
      recognize the disposition of such shares until such obligations are
      satisfied. The Committee, in its sole discretion, may permit Participant
      to satisfy all or part of such tax obligation through withholding of the
      number of shares of Stock otherwise issuable to Participant; by the
      Participant transferring to the Company nonrestricted shares of Stock
      previously owned by the Participant for at least six (6) months prior to
      such transfer to the Company; and/or by permitting Participant to engage
      in a broker-assisted Regulation T simultaneous exercise and sale.

7.    NON-TRANSFERABILITY OF OPTION

      The Option granted hereunder shall be exercisable during Participant's
      lifetime only by Participant and may not be sold, transferred, pledged,
      assigned, exchanged, encumbered or otherwise alienated or hypothecated,
      except (i) by testamentary disposition by the Participant or the laws of
      descent and distribution or by a qualified domestic relations order; or
      (ii) certain transfers described in the Plan that are made with the prior
      approval of the Committee and on such terms and conditions as the
      Committee in its sole discretion shall approve.

8.    THE PLAN AND OTHER AGREEMENTS

      In addition to these Terms and Conditions, the Option shall be subject to
      the terms of the Plan, which are incorporated into these Standard Terms
      and Conditions by this reference. Capitalized terms not otherwise defined
      herein shall have the meaning set forth in the Plan.

      These Standard Terms and Conditions and the Plan constitute the entire
      understanding between the Participant and the Company regarding the
      Option. Any prior agreements, commitments or negotiations concerning the
      Option are superseded.

9.    LIMITATION OF INTEREST IN SHARES SUBJECT TO OPTION

      Neither the Participant (individually or as a member of a group) nor any
      beneficiary or other person claiming under or through the Participant
      shall have any right, title, interest, or privilege in or to any shares of
      Stock allocated or reserved for the purpose of the Plan or subject to
      these Standard Terms and Conditions except as to such shares of Stock, if
      any, as shall have been issued to such person upon exercise of the Option
      or any part of it. Nothing in the Plan, these Standard Terms and
      Conditions or any other instrument executed pursuant to the Plan shall
      confer upon the Participant any right to continue in the Company's employ
      or service nor limit in any way the Company's right to terminate the
      Participant's employment at any time for any reason. Neither the Award of
      this Option nor any shares of Stock issuable pursuant thereto shall be
      considered "compensation" for purposes of any Company employee benefit
      plan, unless such plan expressly so provides otherwise.

                                       5
<PAGE>
10.   GENERAL

      In the event that any provision of these Standard Terms and Conditions is
      declared to be illegal, invalid or otherwise unenforceable by a court of
      competent jurisdiction, such provision shall be reformed, if possible, to
      the extent necessary to render it legal, valid and enforceable, or
      otherwise deleted, and the remainder of these Standard Terms and
      Conditions shall not be affected except to the extent necessary to reform
      or delete such illegal, invalid or unenforceable provision.

      The headings preceding the text of the sections hereof are inserted solely
      for convenience of reference, and shall not constitute a part of these
      Standard Terms and Conditions, nor shall they affect its meaning,
      construction or effect.

      These Standard Terms and Conditions shall inure to the benefit of and be
      binding upon the parties hereto and their respective permitted heirs,
      beneficiaries, successors and assigns. The Participant acknowledges that a
      copy of the Plan, the Plan prospectus and a copy of the Company's most
      recent annual report to its shareholders has been delivered to the
      Participant.

      The Plan and these Standard Terms and Conditions shall be governed,
      construed, interpreted and administered solely in accordance with the laws
      of the state of New York, without regard to principles of conflicts of
      law.

      All questions arising under the Plan or under these Standard Terms and
      Conditions shall be decided by the Committee in its total and absolute
      discretion.
                                       6<PAGE>
                                                                 EXHIBIT 10.3(b)

                                   AVNET, INC.
                          2003 STOCK COMPENSATION PLAN

                             INCENTIVE STOCK OPTION

Avnet, Inc. (the "Company"), hereby grants to the Participant named below an
incentive stock option (the "Option") to purchase all or any part of the number
of shares of its common stock (the "Stock"), that are covered by this Option, as
specified below, at the exercise price per share specified below and upon the
terms and conditions set forth in the Avnet, Inc. 2003 Stock Compensation Plan
(the "Plan") and these Standard Terms and Conditions (the "Standard Terms and
Conditions.

Name of Participant:

Grant Date:

Number of Shares of Stock covered by Option:

Exercise Price Per Share:                       $

Expiration Date:

Vesting Schedule:

This Option is intended to qualify as an incentive stock option under Section
422 of the Internal Revenue Code of 1986, as amended, to the extent specified in
the Standard Terms and Conditions. By accepting this award, the Participant
acknowledges that he or she has received and read, and agrees that this Option
shall be subject to, the terms of the Plan and these Standard Terms and
Conditions.

                                         --------------------------------------
                                                 Participant's Signature

                                          --------------------------------------
                                                Participant's Printed Name

By:
   -----------------------------------
                                                 Address (Please print):
Title:
      --------------------------------    --------------------------------------

                                          --------------------------------------

                                          --------------------------------------

                                        1
<PAGE>
                                   AVNET, INC.
                          2003 STOCK COMPENSATION PLAN

                        STANDARD TERMS AND CONDITIONS FOR
                        EMPLOYEE INCENTIVE STOCK OPTIONS

These Standard Terms and Conditions apply to any Option granted under the Avnet,
Inc. 2003 Stock Compensation Plan (the "Plan") that are identified as incentive
stock options and are evidenced by an action of the Committee.

1.    TERMS OF OPTION

      Avnet, Inc. (the "Company"), has granted to the Participant an incentive
      stock option (the "Option") to purchase up to the number of shares of the
      Company's common stock (the "Stock"), at the purchase price per share and
      upon the other terms set forth on the cover page hereto, and subject to
      the conditions set forth in these Standard Terms and Conditions and the
      Plan. For purposes of these Standard Terms and Conditions and the Term
      Sheet, any reference to the Company shall include a reference to any
      Subsidiary.

2.    EXERCISE OF OPTION

      The Option is not exercisable as of the Grant Date specified on the cover
      page. After the Grant Date, to the extent not previously exercised, and
      subject to termination or acceleration as provided in these Standard Terms
      and Conditions and the Plan, the Option shall be exercisable to the extent
      it becomes vested, according to the vesting schedule described on the
      cover page, provided that (except as set forth in Section 3 below)
      Participant remains employed with the Company and does not experience a
      termination of employment.

      To exercise the Option or any part thereof, Participant shall deliver to
      the Company a written notice specifying the number of whole shares of
      Stock Participant wishes to purchase (provided that each exercise shall be
      for 100 shares of Stock or any multiple thereof, or for the whole number
      of shares currently exercisable under the Option) and how Participant's
      shares of Stock should be registered (for example, in Participant's name
      only or in Participant's and Participant's spouse's names as community
      property or as joint tenants with right of survivorship).

      The exercise price (the "Exercise Price") of the Option is set forth on
      the cover page and the Company will not issue any shares of Stock until
      Participant pays the total Exercise Price for the requested number of
      shares of Stock, together with any income tax required to be withheld, if
      applicable. The Exercise Price may be paid by check (certified or
      cashiers' check if so required by the Company) or by such other method
      (including transfer of Stock previously owned by the Participant for at
      least six (6) months, or broker-assisted Regulation T simultaneous
      exercise and sale), as permitted by the Committee.

      Fractional shares may not be exercised. Shares of Stock will be issued as
      soon as practical after exercise.

                                        2
<PAGE>
      Notwithstanding the above, the Company shall not be obligated to deliver
      any shares of Stock during any period if (a) the Stock is not properly
      registered or subject to an applicable exemption therefrom, (b) the Stock
      is not listed on the stock exchanges on which the Company's Stock is
      otherwise listed, or (c) the Company determines that the exercise of the
      Option or the delivery of shares hereunder would violate any federal or
      state securities or other applicable laws, and the Option may be rescinded
      if necessary to ensure compliance with federal, state or other applicable
      laws. The Participant shall not acquire or have any rights as a
      shareholder of the Company by virtue of these Standard Terms and
      Conditions until certificates representing shares of Stock are actually
      issued and delivered to the Participant in accordance herewith.

3.    EXPIRATION OF OPTION

      Except as provided in this Section 3, the Option shall expire and cease to
      be exercisable as of the Expiration Date set forth on the cover page.

      A.    In the event that the Participant shall cease to be employed by the
            Company for any reason other than death, disability, Retirement, or
            other reasons determined by the Committee in its sole discretion,
            the Option evidenced hereby shall immediately expire and cease to be
            exercisable.

      B.    In the event that the Participant shall cease to be employed by the
            Company as a result of Retirement (as defined below), the Option
            evidenced hereby shall continue to vest as set forth in the Term
            Sheet and this Standard Terms and Conditions and shall remain
            exercisable for five years after the date of the Participant's
            cessation of employment, but in no event later than the Expiration
            Date (unless such Option shall sooner be surrendered for termination
            or expire). At the end of such period, the Option (unless it shall
            sooner have been surrendered for termination or have expired) shall
            terminate and cease to be exercisable. Participant acknowledges that
            the Option shall generally cease to be an incentive stock option
            three (3) months after Retirement and shall thereafter be a
            nonqualified stock option. For purposes hereof, a qualifying
            "Retirement" shall have occurred if at the time of cessation of
            employment (1) the employee is at least age 55 and has at least five
            years of service with the Company, (2) the combination of the
            employee's age plus years of service equals at least 65, and (3) the
            employee has signed a two-year non competition agreement in a form
            acceptable to the Company.

      C.    In the event that the Participant shall cease to be employed by the
            Company as a result of disability (as determined by the Committee in
            its sole discretion), the Option shall remain exercisable for three
            months after the date of such cessation of employment, but in no
            event later than the Expiration Date (unless such Option shall
            sooner be surrendered for termination or expire), and only if and to
            the extent that such Option was exercisable by the Participant at
            such date of cessation of employment. At the end of such period, the
            Option (unless it shall sooner have been surrendered for termination
            or have expired) shall terminate and cease to be exercisable.

                                        3
<PAGE>
      D.    In the event of the death of the Participant (1) while in the employ
            of the Company, (2) within five (5) years after the Participant
            ceases to be employed through Retirement, or (3) within three months
            after the Participant ceases to be employed through disability, the
            Option shall remain exercisable (unless such Option shall sooner be
            surrendered or expire) for one year after the date of death of the
            Participant; provided, however, that the Option must be exercised no
            later than the Expiration Date, and only (x) by the person or
            persons to whom the right to exercise such Option shall have passed
            by will or the laws of descent and distribution, and (y) if and to
            the extent that the Option shall have been exercisable by the
            Participant at the date of death. At the end of such period, such
            Option (unless it shall sooner have been surrendered or have
            expired) shall terminate and cease to be exercisable.

      E.    Notwithstanding any other provision of these Standard Terms and
            Conditions to the contrary, in the event of a Change in Control (as
            defined in the Plan), the Option evidenced hereby shall become
            immediately exercisable in full (unless it shall sooner have been
            surrendered for termination or have expired).

      F.    The Committee may, in the event of a public solicitation by any
            person, firm or corporation other than the Company, of tenders of
            50% or more of the then outstanding Stock (known conventionally as a
            "tender offer"), accelerate exercisability of the Option evidenced
            hereby if the Participant is then employed with the Company, so that
            the Option shall become immediately exercisable in full; provided
            that any such accelerated exercisability shall cease upon the
            expiration, termination or withdrawal of such "tender offer,"
            whereupon the Option evidenced hereby shall be (and shall continue
            thereafter to be) exercisable only to the extent that it would have
            been exercisable if no such acceleration or exercisability had been
            authorized.

4.    RESTRICTIONS ON RESALES OF OPTION SHARES

      The Company may impose such restrictions, conditions or limitations as it
      determines appropriate as to the timing and manner of any resales by the
      Participant or other subsequent transfers by the Participant of any shares
      of Stock issued as a result of the exercise of the Option, including
      without limitation (a) restrictions under an insider trading policy, (b)
      restrictions designed to delay and/or coordinate the timing and manner of
      sales by Participant and other optionholders and (c) restrictions as to
      the use of a specified brokerage firm for such resales or other transfers.

5.    INCOME TAXES

      To the extent required by applicable federal, state, local or foreign law,
      the Participant shall make arrangements satisfactory to the Company for
      the satisfaction of any withholding tax obligations that arise by reason
      of an Option exercise or disposition of shares issued as a result of an
      Option exercise. The Company shall not be required to issue shares or to
      recognize the disposition of such shares until such obligations are
      satisfied. The Committee, in its sole discretion, may permit the
      Participant to satisfy all or part of any such tax obligation through
      withholding of the number of shares of Stock otherwise issuable to
      Participant, by the Participant transferring to the Company nonrestricted
      shares of Stock previously owned by the Participant for at least six (6)
      months prior to such transfer to the Company; and/or by permitting
      Participant to engage in a broker-assisted Regulation T simultaneous
      exercise and sale.

                                       4
<PAGE>
      The Option is intended to qualify as an incentive stock option under
      Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"),
      and will be interpreted accordingly. Section 422 of the Code provides,
      among other things, that the Participant shall not be taxed upon the
      exercise of a stock option that qualifies as an incentive stock option
      provided the Participant does not dispose of the shares of Stock acquired
      upon exercise of such option until the later of two years after such
      option is granted to the Participant and one year after such option is
      exercised. Notwithstanding anything to the contrary herein, Section 422 of
      the Code provides that incentive stock options (including, possibly, the
      Option) shall not be treated as incentive stock options if and to the
      extent that the aggregate fair market value of shares of Stock (determined
      as of the time of grant) with respect to which such incentive stock
      options are exercisable for the first time by the Participant during any
      calendar year (under all plans of the Company and its subsidiaries)
      exceeds $100,000, taking options into account in the order in which they
      were granted. Thus, if and to the extent that any shares of Stock issued
      under a portion of the Option exceeds the foregoing $100,000 limitation,
      such shares shall not be treated as issued under an incentive stock option
      pursuant to Section 422 of the Code.

6.    NON-TRANSFERABILITY OF OPTION

      The Option granted hereunder shall be exercisable during Participant's
      lifetime solely by Participant and may not be sold, transferred, pledged,
      assigned, exchanged, encumbered or otherwise alienated or hypothecated,
      except by testamentary disposition by the Participant or the laws of
      descent and distribution.

7.    THE PLAN AND OTHER AGREEMENTS

      In addition to these Terms and Conditions, the Option shall be subject to
      the terms of the Plan, which are incorporated into these Standard Terms
      and Conditions by this reference. Capitalized terms not otherwise defined
      herein shall have the meaning set forth in the Plan.

      These Standard Terms and Conditions and the Plan constitute the entire
      understanding between the Participant and the Company regarding the
      Option. Any prior agreements, commitments or negotiations concerning the
      Option are superseded.

8.    LIMITATION OF INTEREST IN SHARES SUBJECT TO OPTION

      Neither the Participant (individually or as a member of a group) nor any
      beneficiary or other person claiming under or through the Participant
      shall have any right, title, interest, or privilege in or to any shares of
      Stock allocated or reserved for the purpose of the Plan or subject to
      these Standard Terms and Conditions except as to such shares of Stock, if
      any, as shall have been issued to such person upon exercise of the Option
      or any part of it. Nothing in the Plan, these Standard Terms and
      Conditions or any other instrument executed pursuant to the Plan shall
      confer upon the Participant any right to continue in the Company's employ
      or service nor limit in any way the Company's right to terminate the
      Participant's employment at any time for any reason. Neither the Award of
      this Option nor any shares of Stock issuable pursuant thereto shall be
      considered "compensation" for purposes of any Company employee benefit
      plan, unless such plan expressly so provides otherwise.

                                       5
<PAGE>
9.    GENERAL

      In the event that any provision of these Standard Terms and Conditions is
      declared to be illegal, invalid or otherwise unenforceable by a court of
      competent jurisdiction, such provision shall be reformed, if possible, to
      the extent necessary to render it legal, valid and enforceable, or
      otherwise deleted, and the remainder of these Standard Terms and
      Conditions shall not be affected except to the extent necessary to reform
      or delete such illegal, invalid or unenforceable provision.

      The headings preceding the text of the sections hereof are inserted solely
      for convenience of reference, and shall not constitute a part of these
      Standard Terms and Conditions, nor shall they affect its meaning,
      construction or effect.

      These Standard Terms and Conditions shall inure to the benefit of and be
      binding upon the parties hereto and their respective permitted heirs,
      beneficiaries, successors and assigns.

      The Participant acknowledges that a copy of the Plan, the Plan prospectus
      and a copy of the Company's most recent annual report to its shareholders
      has been delivered to the Participant.

      The Plan and these Standard Terms and Conditions shall be governed,
      construed, interpreted and administered solely in accordance with the laws
      of the state of New York, without regard to principles of conflicts of
      law.

      All questions arising under the Plan or under these Standard Terms and
      Conditions shall be decided by the Committee in its total and absolute
      discretion.

                                        6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]