Document:

Exhibit 10.2

Exhibit 10.2

Annual Director Grant

MONSTER WORLDWIDE, INC.

NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AGREEMENT

THIS NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AGREEMENT (the “Agreement”) is made, effective as
of [                    ], 201[_] (the “Grant Date”), by and between MONSTER WORLDWIDE, INC., a Delaware
corporation (hereinafter called the “Company”), and [                                        ] (hereinafter called
the “Non-Employee Director”).

WITNESSETH:

WHEREAS, the Board Committee desires to award to the Non-Employee Director pursuant to the
Company’s 2008 Equity Incentive Plan, as amended (the “Plan”), shares of Common Stock upon such
terms and subject to such forfeiture and other conditions as set forth in this Agreement (the
“Restricted Stock”).

NOW, THEREFORE, the parties hereto agree as follows:

1. Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and
this Agreement, the Non-Employee Director is awarded as Restricted Stock [                    ] shares of
Common Stock for a purchase price of zero ($0.00). The Restricted Stock shall vest and become
nonforfeitable, if at all, in accordance with Section 2 hereof.

2. Vesting.

(a) Subject to the Non-Employee Director’s continuous service as a member of the Board of the
Company, the Restricted Stock granted to the Non-Employee Director shall vest and become
nonforfeitable as to the percentage of the Restricted Stock indicated on the dates specified below
(each a “Restricted Stock Vesting Date”):

	 	 	 	 	 
	Date	    	Percentage of Restricted Stock Becoming Vested	 
	First Anniversary of Grant Date
	 	 	25	%
	Second Anniversary of Grant Date
	 	 	25	%
	Third Anniversary of Grant Date
	 	 	25	%
	Fourth Anniversary of Grant Date
	 	 	25	%

In the event the above vesting schedule results in the vesting of any fractional share of Common
Stock, such fractional share of Common Stock shall not be deemed vested hereunder but shall vest
and become nonforfeitable when such fractional share of Common Stock aggregates a whole share of
Common Stock.

 

 

 

Annual Director Grant

(b) If the Non-Employee Director’s service as a member of the Board terminates for any reason
(other than death or disability (as determined by the Board Committee)), including as a result of
the Non-Employee Director’s failure to be renominated or reelected as a director, then the
Restricted Stock, to the extent not then vested, shall be forfeited by the Non-Employee Director to
the Company without consideration; provided, however, that if the Non-Employee Director’s continued
service terminates because of the Non-Employee Director’s death or disability (as determined by the
Board Committee), then the Restricted Stock, to the extent not then vested and not previously
forfeited, shall immediately become fully vested.

(c) Notwithstanding any other provision of this Agreement to the contrary, in the event that a
Change in Control shall occur prior to the date that all of the Restricted Stock is vested, then to
the extent not previously forfeited all of the unvested Restricted Stock shall vest effective upon
the date of the Change in Control.

(d) In the event that any calendar date on which vesting is purportedly scheduled pursuant to
the terms of Section 2 is not a Business Day, the vesting shall automatically be delayed until the
first Business Day following that calendar date. “Business Day” means a date on which commercial
banks in New York, New York are open for general business.

(e) Notwithstanding any provision of this Agreement to the contrary, any and all dividends
(whether cash, Common Stock, securities or other property) that may be payable with respect to
Restricted Stock that is not vested at the time such dividend is payable shall not be paid.
Instead, dividends on such unvested Restricted Stock shall vest, become nonforfeitable and be paid
or delivered (without interest), if at all, when, as and only to the extent that the Restricted
Stock in respect of which such dividend was payable shall vest and become nonforfeitable pursuant
to this Agreement. Any dividends on such unvested Restricted Stock shall be forfeited when such
Restricted Stock in respect of which such dividend was payable shall be forfeited, and references
in this Agreement to Restricted Stock that is not vested shall include the dividends payable in
respect of such unvested Restricted Stock.

3. Definitions. Capitalized terms not otherwise defined herein shall have the
meanings given to such terms in the Plan.

4. Delivery of Restricted Stock. The Restricted Stock hereby awarded shall be
maintained in “book-entry” form, registered in the Non-Employee Director’s name on the stock
transfer books of the Company, and no actual certificates therefore shall be delivered by the
Company. Upon vesting, a stock certificate evidencing the Restricted Stock shall be issued by the
Company. The Non-Employee Director shall be the record owner of the Restricted Stock until such
Restricted Stock is forfeited pursuant to Section 2 hereof. As record owner, the Non-Employee
Director shall be entitled to all rights of a holder of the Common Stock, except (1) as set forth
in Section 2(e) of this Agreement, (2) that any and all shares of Common Stock or other securities
received by the Non-Employee Director with respect to the unvested Restricted Stock as a result of
a stock split, spin-off, split-off, recapitalization, capital reorganization, reclassification of
shares of Common Stock, merger or consolidation shall be deemed to be Restricted Stock subject to
all of the provisions of this Agreement and shall vest at the same time as the Restricted Stock
giving rise to such additional shares or securities received, and
(3) that until the Restricted Stock Vesting Date, the Restricted Stock shall be subject to the
limitations on transfer set forth in the Plan and Section 8 of this Agreement, and the Company may
so limit transfers of the Restricted Stock on its books. The Non-Employee Director agrees to take
such action and execute such instruments which the Company may deem necessary or advisable to
accept, maintain, receive or transfer the Restricted Stock in accordance with the Plan and this
Agreement.

 

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Annual Director Grant

5. No Right to Continue as a Non-Employee Director. Nothing in this Agreement shall
give the Non-Employee Director any right to continue as a director of the Company.

6. Plan Provisions. The provisions of the Plan shall govern, and if or to the extent
that there are inconsistencies between those provisions and the provisions hereof, the provisions
of the Plan shall govern. The Non-Employee Director acknowledges receipt of a copy of the Plan
prior to the execution of this Agreement.

7. Binding Effect; Headings. This Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and their respective successors and permitted assigns. The
subject headings of Sections are included for the purpose of convenience only and shall not affect
the construction or interpretation of any of the provisions of this Agreement.

8. Non-Assignability, Etc. The Restricted Stock may not be assigned, alienated,
pledged, attached, hypothecated, sold or otherwise transferred or encumbered by the Non-Employee
Director and any such purported assignment, alienation, pledge, attachment, sale, transfer or
encumbrance of the Restricted Stock shall be void and unenforceable against the Company.

9. Securities Law; Insider Trading. The Board Committee may from time to time impose
any conditions on the Restricted Stock as it deems necessary or advisable to ensure that the Plan,
this Agreement and the issuance and resale or any securities comply with all applicable securities
laws, including without limitation Rule 16b-3 under the Exchange Act and the Securities Act. Such
conditions may include, among other things, the requirement that certificates for shares of Common
Stock to be issued to the Non-Employee Director hereunder contain a restrictive legend in such form
and substance as may be determined by the Board Committee. Without limiting the foregoing, it is
understood that Affiliates of the Company may resell Common Stock only pursuant to an effective
registration statement under the Securities Act, pursuant to Rule 144 under the Securities Act, or
pursuant to another exemption from registration under the Securities Act. The Non-Employee Director
understands and agrees that any and all transactions involving shares of Common Stock or other
securities of the Company must comply with applicable laws, rules, regulations and policies,
including but not limited to the Company’s policy regarding insider trading, which policy, among
other things, prohibits transactions involving shares of Common Stock or other securities of the
Company by individuals who have material non-public information relating to the Company.

 

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Annual Director Grant

10. General. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York (other than the conflict of laws provisions thereof). This Agreement
constitutes the entire agreement between the parties with respect to the subject matter hereof.
The Non-Employee Director has not relied on any representation not set forth in this Agreement.

11. Amendment or Modification; Waiver. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms or covenants hereof may be waived, only by
a written instrument executed on behalf of the Company (as authorized by the Committee) and the
Non-Employee Director.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

	 	 	 	 	 
	 	MONSTER WORLDWIDE, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Agreed and acknowledged as of the date first above written:

	 	 	 

	 

Name:

	 	 

 

4exv4w1

Exhibit 4.1

SECOND SUPPLEMENTAL INDENTURE

THIS SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
January 1, 2011, among Avnet, Inc., a New York corporation (“Parent”) and successor by
merger to Bell Microproducts Inc., a California corporation (the “Company”), and Wells
Fargo Bank, National Association, a national banking association organized and existing under the
laws of the United States, as Trustee (the “Trustee”).

W I T N E S S E T H:

WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture (the
“Indenture”), dated as of December 31, 2004 (as previously supplemented by that certain
First Supplemental Indenture dated as of December 20, 2006), providing for the issuance of an
aggregate principal amount of $109,850,000 of 3-3/4% Convertible Subordinated Notes, Series B due
2024 (the “Notes”);

WHEREAS, pursuant to that certain Agreement and Plan of Merger effective as of December 31,
2010 (the “Merger Agreement”), the Company was merged with and into Parent, and the
separate corporate existence of the Company ceased, and Parent continued as the surviving
corporation under the laws of the States of California and New York (the “Merger”);

WHEREAS, Sections 7.1 and 7.2 of the Indenture require that as a result of the Merger, Parent
execute and deliver to the Trustee this Supplemental Indenture pursuant to which Parent shall
expressly assume the due and punctual payment of the principal of and any premium and interest on
all of the Notes and the performance and observance of every covenant and provision of this
Indenture and the Notes;

WHEREAS, Section 11.1 of the Indenture provides that, in order to comply with Article 7 of the
Indenture, the Company and the Trustee may amend or supplement the Indenture without the consent of
the Holders of the Notes and in accordance with the terms of the Indenture;

WHEREAS, Section 11.6 of the Indenture authorizes the Trustee to execute any amendment or
supplement authorized by Article 11 of the Indenture, and the Company hereby requests the Trustee
join with it in the execution and delivery of this Supplemental Indenture; and

WHEREAS, all acts and things prescribed by the Indenture, by law and by the certificate or
articles of incorporation and the bylaws (or comparable constituent documents) of the parties
hereto necessary to make this Supplemental Indenture a valid instrument legally binding on each of
the parties hereto, in accordance with its terms, have been duly done and performed.

 

 

 

NOW THEREFORE, to comply with the provisions of the Indenture, and in consideration of the
foregoing, the parties hereto mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:

ARTICLE 1

Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall
be deemed to form a part of, and shall be construed in connection with and as part of, the
Indenture for any and all purposes.

Section 1.02. This Supplemental Indenture shall become effective immediately upon its
execution and delivery by Parent and the Trustee.

ARTICLE 2

Section 2.01. Parent hereby becomes a party to and bound by all of the terms, conditions and
other provisions of the Indenture with all attendant rights, duties and obligations stated therein
and expressly assumes the due and punctual payment of the principal of and any premium and interest
on all of the Notes and the performance and observance of every covenant and provision of this
Indenture and the Notes.

ARTICLE 3

Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all
respects ratified and confirmed (mutatis mutandis) and all of the terms, provisions and conditions
thereof shall remain in full force and effect.

Section 3.02. All capitalized terms used but not otherwise defined herein shall have the same
respective meanings ascribed to them in the Indenture.

Section 3.03. Except as otherwise expressly provided herein, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this
Supplemental Indenture. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture. This Supplemental Indenture
is executed and accepted by the Trustee subject to all of the terms and conditions set forth in the
Indenture with the same force and effect as if those terms and conditions were repeated at length
herein and made applicable to the Trustee with respect hereto.

Section 3.04. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

Section 3.05. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement.

Section 3.06. All agreements of Parent or the Trustee in this Supplemental Indenture shall
bind their respective successors and assigns.

Section 3.07. In case any provision in this Supplemental Indenture shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.

[remainder of page intentionally left blank]

 

 

 

IN WITNESS WHEREOF, the undersigned, being duly authorized, have executed and delivered this
Supplemental Indenture on behalf of the respective parties hereto, as of the date first above
written.

	 	 	 	 	 
	 	PARENT:

AVNET, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Raymond Sadowski 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 
	 	TRUSTEE:

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

[Signature Page to Second Supplemental Indenture]

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