Document:

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                                                                     Exhibit 4.1

                                                               EXECUTION VERSION
                                                               -----------------

                       AMENDMENT NO. 2 TO RIGHTS AGREEMENT

         This Amendment No. 2, dated as of September 21, 2002 (this
"AMENDMENT"), to the Rights Agreement, dated as of October 27, 1998, as amended
(the "RIGHTS AGREEMENT"), by and between R.H. Donnelley Corporation, a Delaware
corporation ("RHD"), and The Bank of New York, as successor Rights Agent (the
"RIGHTS AGENT").

                                    RECITALS:

         A. RHD and the Rights Agent are parties to the Rights Agreement; and

         B. RHD and the Rights Agent wish to further amend the Rights Agreement
as set forth herein.

                                   AGREEMENT:

         NOW, THEREFORE, in consideration of the mutual covenants set forth
herein and other valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

         1.       Amendments to Section 1.
                  ------------------------

                  (a) SECTION 1 of the Rights Agreement is hereby amended by
adding the following paragraphs immediately after the last sentence in the
definition of "Acquiring Person":

         "Notwithstanding anything in this Agreement to the contrary, no
         Purchaser shall be deemed to be an Acquiring Person solely by reason of
         or as a result of the (i) approval, execution or delivery of the
         Purchase Agreement or the Ancillary Documents or the consummation of
         the transactions contemplated by any of them, including without
         limitation (A) the issuance of the Preferred Shares (including without
         limitation as a result of the share adjustment described in Section
         2.04 of the Purchase Agreement) or the Warrants, (B) the conversion or
         redemption of the Preferred Shares, (C) the exercise of the Warrants,
         or (D) the exercise of the preemptive rights described in Section 11 of
         the Certificate of Designations, in each case in accordance with the
         respective terms thereof, (ii) the Beneficial Ownership of Ordinary
         Course Shares, (iii) the Beneficial Ownership of shares of Common Stock
         held by such Purchaser as of the date hereof, or (iv) the Purchasers
         becoming the Beneficial Owners of additional shares of Common Stock
         representing not more than 2% of the then-outstanding shares of Common
         Stock (other than (1) pursuant to a dividend or distribution paid or
         made by the Company on the outstanding Common Stock or pursuant to a
         split or subdivision of the outstanding Common Stock or (2) pursuant to
         any transaction described in clauses (i) - (iii) of this paragraph).

         Notwithstanding anything in this Agreement to the contrary, a Person
         that acquires Beneficial Ownership of shares of Common Stock from a
         Purchaser as a result of a transfer of Preferred Shares and/or Warrants
         pursuant to and in accordance with Section 4.10 of the Purchase
         Agreement shall not be deemed to be an Acquiring Person solely by
         reason of or as a result of any of the transactions described in clause
         (i) of the preceding paragraph in accordance with the terms thereof."

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                  (b) SECTION 1 of the Rights Agreement is hereby further
amended by adding the following additional definitions:

                  "Ancillary Documents" has the meaning set forth in the
         Purchase Agreement.

                  "Certificate of Designations" has the meaning set forth in the
         Purchase Agreement.

                  "Ordinary Course Shares" shall mean shares of Common Stock,
         the beneficial ownership of which is acquired in connection with (i)
         the activities of a broker or dealer registered under Section 15 of the
         Exchange Act, including, but not limited to, the acquisitions of
         beneficial ownership of such shares as a result of any market-making or
         underwriting activities (including any shares acquired for the
         investment account of a broker or dealer in connection with such
         underwriting activities), (ii) the acquisition of beneficial ownership
         of shares of Common Stock as a result of the exercise of investment or
         voting discretion authority with respect to any of its customer
         accounts, (iii) the acquisition in good faith of such shares in
         connection with a debt previously contracted or (iv) the acquisition of
         beneficial ownership of shares of Common Stock as a result of asset
         management activities.

                  "Preferred Shares" has the meaning set forth in the Purchase
         Agreement.

                  "Purchase Agreement" means the Preferred Stock and Warrant
         Purchase Agreement, dated as of September 21, 2002, by and among the
         Company and the Purchasers, as it may be amended from time to time.

                  "Purchasers" means each of GS Capital Partners 2000, L.P., GS
         Capital Partners 2000 Offshore, L.P., GS Capital Partners 2000 GmbH &
         Co. Beteiligungs KG, GS Capital Partners 2000 Employee Fund 2000, L.P.
         and their respective Affiliates, Associates, successors and assigns to
         all or a substantial part of the respective businesses of each of the
         foregoing and each of their respective partners, stockholders, members,
         officers and directors.

                  "Warrants" has the meaning set forth in the Purchase
Agreement.

         2. NO OTHER AMENDMENTS. Except as amended hereby, the Rights Agreement
shall remain in full force and effect and is hereby ratified and confirmed in
all respects.

         3. GOVERNING LAW. This Amendment shall be deemed to be a contract made
under the laws of the State of Delaware and for all purposes shall be governed
by and construed in accordance with the laws of such State applicable to
contracts to be made and performed entirely within such State, except that the
rights and obligations of the Rights Agent shall be governed by the State of New
York.

         4. JURISDICTION. The parties agree that all actions and proceedings
arising out of this Amendment or any of the transactions contemplated hereby,
shall be brought in the United States District Court of the Southern District of
New York or in a New York State Court in the County of New York and that, in
connection with any such action or proceeding, submit to the

                                       2
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jurisdiction of, and venue in, such court. Each of the parties hereto also
irrevocably waive all right to trial by jury in any action proceeding or
counterclaim arising out of this Amendment or the transactions contemplated
hereby.

         5. COUNTERPARTS. This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute one and the
same instrument.

         6. DESCRIPTIVE HEADINGS. The captions herein are included for
convenience of reference only, do not constitute a part of this Agreement and
shall be ignored in the construction and interpretation hereof.

         7. OTHER DEFINED TERMS. Capitalized terms used without other definition
in this Amendment are used as defined in the Rights Agreement.

         8. EFFECTIVENESS. This Amendment shall be effective as of, and
immediately prior to, the execution and delivery of the Purchase Agreement, and
all references to the Rights Agreement shall, from and after such time, be
deemed to be references to the Rights Agreement as amended hereby.

         9. EXHIBITS TO THE RIGHTS AGREEMENT. Exhibits B and C to the Rights
Agreement shall be deemed amended in a manner consistent with this Amendment.

                         [Signatures on following page]

                                       3
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         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                   R.H. DONNELLEY CORPORATION

                                   By: /s/ Robert J. Bush
                                       -----------------------------------------
                                       Name:  Robert J. Bush
                                       Title: Vice President and General Counsel

                                   THE BANK OF NEW YORK

                                   By: /s/ Alexander Pabon
                                       -----------------------------------------
                                         Name: Alexander Pabon
                                         Title: Assistant Vice President<PAGE>
                                                                     EXHIBIT 10A

         AGREEMENT effective as of July 1, 2002 between AVNET, INC., a New York
corporation with a principal place of business at 2211 South 47th Street,
Phoenix, Arizona 85034 (the "Company") and Steven C. Church, having an office at
2211 South 47th Street, Phoenix, Arizona 85034 ("Church"). This Agreement
supersedes and replaces a previous employment agreement between the Company and
Church dated as of January 1, 2001.

                               W I T N E S S E T H

1.  ENGAGEMENT, SALARY, BENEFITS.

1.1      Engagement. The Company agrees to engage Church and Church agrees to
         accept such engagement upon the terms and conditions hereinafter set
         forth.

1.2.     Term. Church's engagement as an employee of the Company pursuant to
         this Agreement shall commence on July 1, 2002 and, subject to earlier
         termination as provided herein, terminate on June 30, 2004. For the
         period from July 1, 2004 to June 30, 2005, the Company shall engage
         Church as a consultant.

1.3.     Duties. Whether acting as an employee or as a consultant, Church shall
         perform such duties for the Company, or the Company's subsidiaries,
         divisions and operating units as may be assigned to him from time to
         time by the Chief Executive Officer of the Company. Church is currently
         engaged as Director of Services Business Development. If Church is
         elected an officer or a director of the Company or any subsidiary or
         division thereof, he shall serve as such without additional
         compensation.

1.4      Compensation. For all services to be rendered by Church and for all
         covenants undertaken by him pursuant to the Agreement the Company shall
         pay and Church shall accept annual compensation of $300,000.

1.5      Compensation or Termination. Upon termination of this Agreement, Church
         shall be entitled to receive only such compensation as had accrued and
         was unpaid to the effective date of termination.

1.6      Additional Benefits. In addition to the compensation described in
         Subsection 1.4, for the period that he is engaged as an employee of the
         Company, Church shall be entitled to vacation, insurance, retirement
         and other benefits (except for severance pay benefit) as are afforded
         to personnel of the Company's United States based operating units
         generally and which are in effect from time to time. It is understood
         that the Company does not by reason of this Agreement obligate itself
         to provide any such benefits to such personnel. During the term of this
         Agreement, Church shall be eligible for a Company provided automobile
         in accordance with the Company's program therefor and will be eligible
         to receive benefits for medical and dental insurance on the same terms
         offered to personnel of the Company's United States based operating
         units generally. Church also participates in the Company's Executive
         Officers' Supplemental Life Insurance and Retirement Benefits Program
         (the "Program") pursuant to the terms and conditions applicable to the
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         Program. Church will receive vesting credit in the Program only while
         he is acting as an employee pursuant to this Agreement.

1.7      Service as Consultant. During the time Church is acting as a
         consultant, he shall be an independent contractor and Church will be
         responsible for any federal, state or local tax obligations for
         himself, including, without limitation, social security, federal and
         state income tax, unemployment and workers' compensation taxes and
         obligations. Church shall perform such consulting services by
         telephone, by letter or in person, as reasonably requested by Avnet.
         Business-related expenses incurred by Church while he is acting as a
         consultant shall be approved in advance by the Company and shall
         thereafter be reimbursed upon submission of all appropriate expense
         reports and supporting invoices to Avnet's Vice President -Human
         Resources.

2.       EARLY TERMINATION.

2.1      Death or Disability. Church's employment hereunder shall terminate on
         the date of Church's death or upon Church suffering mental or physical
         injury, illness or incapacity which renders him unable to perform his
         customary duties hereunder on a full-time basis for a period of 365
         substantially consecutive days, on the 365th such day. The opinion of a
         medical doctor licensed to practice in the State of Arizona (or such
         other state wherein Church then resides) and having Board certification
         in his field of specialization or the receipt of or entitlement of
         Church to disability benefits under any policy of insurance provided or
         made available by the Company or under Federal Social Security laws,
         shall be conclusive evidence of such disability.

2.2      Cause. Church's employment hereunder may also be terminated by the
         Company at any time prior to the expiration of the term hereof without
         notice for cause, including, but not limited to, Church's gross
         misconduct, breach of any material term of this Agreement, willful
         breach, habitual neglect or wanton disregard of his duties, or
         conviction of any criminal act.

3.       COMPETITIVE EMPLOYMENT.

3.1      Full time. Church shall devote his full time, best efforts, attention
         and energies to the business and affairs of the Company and shall not,
         during the term of his employment, be engaged in any other activity
         which, in the sole judgment of the Company, will interfere with the
         performance of his duties hereunder.

3.2      Non-Competition. While engaged either as an employee or consultant by
         the Company or any subsidiary, division or operating unit of the
         Company, and for a period of two years subsequent, Church shall not,
         without the written consent of the Chief Executive Officer of the
         Company, directly or indirectly (whether through his spouse, child or
         parent, other legal entity or otherwise): own, manage, operate, join,
         control, participate in, invest in, or otherwise be connected with, in
         any manner, whether as an officer, director, employee, partner,
         investor, shareholder, consultant, lender or otherwise, any business
         entity which is engaged in, or is in any way related to or competitive
         with the business of the Company, provided, however, notwithstanding
         the foregoing, Church shall not be
<PAGE>
         prohibited from owning, directly or indirectly, up to 5% of the
         outstanding equity interests of any company or entity the stock or
         other equity interests of which is publicly traded on a national
         securities exchange or on the NASDAQ over-the-counter market.

3.3      Non-Solicitation. Church further agrees that he will not, at any time
         while engaged by the Company or any subsidiary, division or operating
         unit of the Company and for a period of two years subsequent, without
         the written consent of an officer authorized to act in the matter by
         the Board of Directors of the Company, directly or indirectly, on
         Church's behalf or on behalf of any person or entity, induce or attempt
         to induce any employee of the Company or any subsidiary or affiliate of
         the Company (collectively the "Company Group") or any individual who
         was an employee of the Company Group during the one (1) year prior to
         the date of such inducement, to leave the employ of the Company Group
         or to become employed by any person other than members of the Company
         Group or offer or provide employment to any such employee.

4.       DEFINITIONS.

4.1      Confidential Information. That confidential business information of the
         Company, whether or not discovered, developed, or known by Church as a
         consequence of his engagement with the Company. Without limiting the
         generality of the foregoing, Confidential Information shall include
         information concerning customer identity, needs, buying practices and
         patterns, sales and management techniques, employee effectiveness and
         compensation information, supply and inventory techniques,
         manufacturing processes and techniques, product design and
         configuration, market strategies, profit and loss information, sources
         of supply, product cost, gross margins, credit and other sales terms
         and conditions. Confidential Information shall also include, but not be
         limited to, information contained in the Company's manuals, memoranda,
         price lists, computer programs (such as inventory control, billing,
         collection, etc.) and records, whether or not designated, legended or
         otherwise identified by the Company as Confidential Information.

4.2      Developments. Those inventions, discoveries, improvements, advances,
         methods, practices and techniques, concepts and ideas, whether or not
         patentable, relating to the Company's present and prospective
         activities and products.

5.       DEVELOPMENTS, CONFIDENTIAL INFORMATION AND RELATED MATERIALS.

5.1      Assignment of Developments. Any and all Developments developed by
         Church (acting alone or in conjunction with others) during the period
         of Church's engagement hereunder shall be conclusively presumed to have
         been created for or on behalf of the Company (or the Company's
         subsidiary or affiliate for which Church is performing services) as
         part of Church's obligations to the Company hereunder. Such
         Developments shall be the property of, and belong to the Company (or
         the
<PAGE>
         Company's subsidiary or affiliate for which Church is working) without
         the payment of consideration therefor in addition to Church's
         compensation hereunder, and Church hereby transfers, assigns and
         conveys all of Church's right, title and interest in any such
         Developments to the Company (or the Company's subsidiary or affiliate
         for which Church is working) and agrees to execute and deliver any
         documents that the Company deems necessary to effect such transfer on
         the demand of the Company.

5.2      Restrictions on Use and Disclosure. Church agrees not to use or
         disclose at any time after the date hereof, except with the prior
         written consent of an officer authorized to act in the matter by the
         Board of Directors of the Company, any Confidential Information which
         is or was obtained or acquired by Church while engaged by the Company
         or any subsidiary or affiliate of the Company, provided, however, that
         this provision shall not preclude Church from (i) the use or disclosure
         of such information which presently is known generally to the public or
         which subsequently comes into the public domain, other than by way of
         disclosure in violation of this Agreement or in any other unauthorized
         fashion, or (ii) disclosure of such information required by law or
         court order, provided that prior to such disclosure-required by law or
         court order Church will have given the Company three (3) business days'
         written notice (or, if disclosure is required to be made in less than
         three (3) business days, then such notice shall be given as promptly as
         practicable after determination that disclosure may be required) of the
         nature of the law or order requiring disclosure and the disclosure to
         be made in accordance therewith.

5.3      Return of Documents. Upon termination of this Agreement, Church shall
         forthwith deliver to the Chief Executive Officer of the Company all
         documents, customer lists and related documents, price and procedure
         manual and guides, catalogs, records, notebooks and similar
         repositories of or containing Confidential Information and/or
         Developments, including all copies then in his possession or control
         whether prepared by him or others.

6.       MISCELLANEOUS.

6.1      Consent to Arbitration. Except for the equitable relief provisions set
         forth in Section 6.2 below, the Company and Church agree to arbitrate
         any controversy or claim arising out of this Agreement or otherwise
         relating to Church's engagement as an employee or consultant or the
         termination of his engagement as an employment or this Agreement, in
         accordance with the provisions of the Mutual Agreement to Arbitrate
         Claims, a copy of which is annexed hereto as Exhibit A.

6.2      Equitable Relief. Church acknowledges that any material breach of any
         of the provisions of Sections 3 and/or 5 would entail irreparable
         injury to the Company's goodwill and jeopardize the Company's
         competitive position in the marketplace or Confidential Information, or
         both, and that in addition to the Company's other remedies, Church
         consents and the Company shall be entitled, as a matter of right, to an
         injunction issued by any court of competent jurisdiction restraining
         any breach of Church and/or those with whom Church is acting in concert
         and to other equitable relief to prevent any such actual, intended or
         likely breach.

6.3      Survival. The provisions of Sections 3.2, 3.3, 4, 5, and 6 shall
         survive the termination of Church's employment hereunder.
<PAGE>
6.4      Interpretation. If any court of competent jurisdiction or duly
         constituted arbitration panel shall refuse to enforce any or all of the
         provisions hereof because they are more extensive (whether as to
         geographic scope, duration, activity, subject or otherwise) than is
         reasonable, it is expressly understood and agreed that such provisions
         shall not be void, but that for the purpose of such proceedings and in
         such jurisdiction, the restrictions contained herein shall be deemed
         reduced or limited to the extent necessary to permit enforcement of
         such provisions.

6.5      Succession. This Agreement shall extend to and be binding upon Church,
         his legal representatives, heirs and distributees and upon the Company,
         its successors and assigns.

6.6      Entire Agreement. This Agreement, Exhibit A (Mutual Agreement to
         Arbitrate Claims) and Exhibit B (Change of Control Agreement) contain
         the entire agreement of the parties with respect to their subject
         matter and no waiver, modification or change of any provisions hereof
         shall be valid unless in writing and signed by the parties against whom
         such claimed waiver, modification or change is sought to be enforced.
         This Agreement supersedes and replaces a previous employment agreement
         between the parties dated as of January 1, 2001.

6.7      Waiver of Breach. The waiver of any breach of any term or condition of
         this Agreement shall not be deemed to constitute a waiver of any other
         term or condition of this Agreement.

6.8      Notices. All notices pursuant to this Agreement shall be in writing and
         shall be given by registered or certified mail, or the equivalent,
         return receipt requested, addressed to the parties hereto at the
         addresses set forth above, or to such address as may hereafter be
         specified by notice in writing in the same manner by any party or
         parties.

6.9      Headings. Except for the headings in Section 4, the headings of the
         sections and subsections are inserted for convenience only and shall
         not be deemed to constitute a part hereof or to affect the meaning
         thereof.

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
day and year first above written.

AVNET, INC.

By  /s/ Roy Vallee
        Roy Vallee

Chairman & Chief Executive Officer

/s/ Steven C. Church
Steven C. Church
<PAGE>
                                    EXHIBIT A
                      MUTUAL AGREEMENT TO ARBITRATE CLAIMS

I recognize that differences may arise between Avnet, Inc. ("the Company") and
me during or following my engagement with the Company, and that those
differences mayor may not be related to my employment or engagement as a
consultant. I understand and agree that by entering into this Agreement to
Arbitrate Claims ("Agreement"), I anticipate gaining the benefits of a speedy,
impartial dispute-resolution procedure. Except as provided in this Agreement,
the Federal Arbitration Act shall govern the interpretation, enforcement and all
proceedings pursuant to this Agreement. To the extent that the Federal
Arbitration Act is inapplicable, applicable state law pertaining to agreements
to arbitrate shall apply. I understand that any reference in this Agreement to
the Company will be a reference also to all divisions, subsidiaries and
affiliates of the Company. Additionally, except as otherwise provided herein,
any reference to the Company shall also include all benefit plans; the benefit
plans' sponsors, fiduciaries, administrators, affiliates; and all successors and
assigns of any of them.

CLAIMS COVERED BY THE AGREEMENT. The Company and I mutually consent to the
resolution by arbitration of all claims or controversies ("claims"), whether or
not arising out of my engagement by the Company as an employee or consultant (or
the termination of such engagement), that the Company may have against me or
that I may have against the Company or against its officers, directors,
employees or agents in their capacity as such or otherwise. The claims covered
by this Agreement include, but are not limited to, claims for wages or other
compensation due; claims for breach of any contract or covenant (express or
implied); tort claims; claims for discrimination and harassment (including, but,
not limited to, race, sex, sexual orientation, religion, national origin, age,
marital status, medical condition, handicap or disability); claims for benefits
(except where an employee benefit or pension plan specifies that its claims
procedure shall culminate in an arbitration procedure different from this one);
and claims for violation of any federal, state, or other governmental law,
statute, regulation, or ordinance, except claims excluded in the section
entitled "Claims Not Covered by the Agreement." Except as otherwise provided in
this Agreement, both the Company and I agree that neither of us shall initiate
or prosecute any lawsuit or administrative action (other than an administrative
charge of discrimination) in any way related to any claim covered by this
Agreement.

CLAIMS NOT COVERED BY THE AGREEMENT. Claims I may have for workers' compensation
or unemployment compensation benefits are not covered by this Agreement. Also
not covered are claims by the Company for injunctive and/or other equitable
relief including, but not limited to, claims for injunctive and/or other
equitable relief for unfair competition and/or the use and/or unauthorized
disclosure of trade secrets or confidential information, as to which I
understand and agree that the Company may seek and obtain relief from a court of
competent jurisdiction.

REQUIRED NOTICE OF ALL CLAIMS AND STATUTE OF LIMITATIONS. The Company and I
agree that the aggrieved party must give written notice of any claim to the
other party within one (1) year of the date the aggrieved party first has
knowledge of the event giving rise to the claim; otherwise the claim shall be
void and deemed waived even if there is a federal or state
<PAGE>
statute of limitations which would have given more time to pursue the claim.
Written notice to the Company, or its officers, directors, employees or agents,
shall be sent to its President at the Company's then-current address. I will be
given written notice at the last address recorded in my personnel file. The
written notice shall identify and describe the nature of all claims asserted and
the facts upon which such claims are based. The notice shall be sent to the
other party by certified or registered mail, return receipt requested.

DISCOVERY. Each party shall have the right to take the deposition of one
individual and any expert witness designated by another party. Each party also
shall have the right to propound requests for production of documents to any
party. Additional discovery may be had only where the panel of arbitrators
selected pursuant to this Agreement so orders, upon a showing of substantial
need. At least thirty (30) days before the arbitration, the parties must
exchange lists of witnesses, including any expert, and copies of all exhibits
intended to be used at the arbitration.

SUBPOENAS. Each party shall have the right to subpoena witnesses and documents
for the arbitration.

ARBITRATION PROCEDURES. The Company and I agree that, except as provided in this
Agreement, any arbitration shall be in accordance with the then-current Model
Employment Arbitration Procedures of the American Arbitration Association
("AAA") before a panel of three arbitrators who are licensed to practice law in
the state where the arbitration is to take place "the Panel"). The arbitration
shall take place in or near the city in which I am or was last employed by the
Company. The Panel shall apply the substantive law (and the law of remedies, if
applicable) of the state in which the claim arose, or federal law, or both, as
applicable to the claim(s) asserted. The Federal Rules of Evidence shall apply.
The Panel, and not any federal, state, or local court or agency, shall have
exclusive authority to resolve any dispute relating to the interpretation,
applicability, enforceability or formation of this Agreement, including but not
limited to any claim that all or any part of this Agreement is void or voidable.
The Panel shall render an award and opinion in the form typically rendered in
labor arbitrations. The arbitration shall be final and binding upon the parties.
The Panel shall have jurisdiction to hear and rule on pre-hearing disputes and
is authorized to hold pre-hearing conferences by telephone or in person, as the
Panel deems necessary. The Panel shall have the authority to entertain a motion
to dismiss and/or a motion for summary judgment by any party and shall apply the
standards governing such motions under the Federal Rules of Civil Procedure.
Either party, at its expense, may arrange for and pay the cost of a court
reporter to provide a stenographic record of proceedings.

ARBITRATION FEES AND COSTS. The Company and I shall equally share the fees and
costs of the Panel. Each party shall pay for its own costs and attorneys' fees,
if any. However, if any party prevails on a statutory claim which affords the
prevailing party attorneys' fees, or if there is a written agreement providing
for fees, the Panel may award reasonable fees to the prevailing party.

INTERSTATE COMMERCE. I understand and agree that the Company is engaged in
transactions involving interstate commerce and that my employment involves such
commerce.
<PAGE>
REQUIREMENTS FOR MODIFICATION OR REVOCATION. This Agreement to arbitrate shall
survive the termination of my employment. I can only be revoked or modified by
writing signed by me and an officer of the Company that specifically states an
intent to revoke or modify this Agreement.

SOLE AND ENTIRE AGREEMENT. This is the complete agreement of the parties on the
subject of arbitration of disputes, except for any arbitration agreement in
connection with any pension or benefit plan. This Agreement supersedes any prior
or contemporaneous oral or written understanding on the subject. No party is
relying on any representations, oral or written, on the subject of the effect,
enforceability or meaning of this Agreement, except as specifically set forth in
this Agreement.

CONSTRUCTION. IF ANY PROVISION OF THIS AGREEMENT IS ADJUDGED TO BE VOID OR OTHER
WISE UNENFORCEABLE, IN WHOLE OR IN PART, SUCH ADJUDICATION SHALL NOT AFFECT THE
VALIDITY OF THE REMAINDER OF THE AGREEMENT.

CONSIDERATION. The promises by the Company and by me to arbitrate differences,
rather than litigate them before courts or other bodies, provide consideration
for each other.

NOT AN EMPLOYMENT AGREEMENT. This Agreement is not, and shall not be construed
to create, any contract of employment, express or implied. Nor does this
Agreement in any way alter the "at-will" status of my employment.

VOLUNTARY AGREEMENT. I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THIS AGREEMENT,
THAT I UNDERSTAND ITS TERMS, THAT ALL UNDERSTANDINGS AND AGREEMENTS BETWEEN THE
COMPANY AND ME RELATING TO THE SUBJECTS COVERED IN THE AGREEMENT ARE CONTAINED
IN IT, AND THAT I HAVE ENTERED INTO THE AGREEMENT VOLUNTARILY AND NOT IN
RELIANCE ON ANY PROMISES OR REPRESENTATIONS BY THE COMPANY OTHER THAN THOSE
CONTAINED IN THIS AGREEMENT ITSELF. I UNDERSTAND THAT BY SIGNING THIS AGREEMENT
I AM GIVING UP MY RIGHT TO A JURY TRIAL. I FURTHER ACKNOWLEDGE THAT I HAVE BEEN
GIVEN THE OPPORTUNITY TO DISCUSS THIS AGREEMENT WITH MY PRIVATE LEGAL COUNSEL
AND HAVE AVAILED MYSELF OF THAT OPPORTUNITY TO THE EXTENT I WISH TO DO SO.

AVNET, INC.

By  /s/ Roy Vallee
        Roy Vallee
        Chairman & CEO

Officer

/s/ Steven C. Church
    Steven C. Church
<PAGE>
                                    EXHIBIT B

                           CHANGE OF CONTROL AGREEMENT

This Change of Control Agreement (the "Agreement") is made effective as of the
1st day of July 2002, between Avnet, Inc., a New York corporation with its
principal place of business at 2211 South 47th Street, Phoenix, Arizona 85034
Arizona ("Avnet" or "the Company") and Steven C. Church (the "Officer"). Avnet
and the Officer are collectively referred to in this Agreement as "the Parties."

WHEREAS, the Officer holds the position of Senior Vice President with the
Company; and

WHEREAS, the Parties wish to provide for certain payments to the Officer in the
event of a Change of Control of the Company and the subsequent termination of
the Officer's employment without cause or the Constructive Termination of the
Officer's employment, as those capitalized terms are defined below;

NOW, THEREFORE, the Parties agree as follows:

1.   Definitions. (a) "Change of Control" means the happening of any of the
     following events: (i) the acquisition by any individual, entity or group
     (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (a
     "Person") of beneficial ownership (within the meaning of Rule l3d-3
     promulgated under the Exchange Act) of 50% or more of either (A) the then
     outstanding shares of common stock of the Company or (B) the combined
     voting power of the then outstanding voting securities of the Company
     entitled to vote generally in the election of directors; provided, however,
     that the following transactions shall not constitute a Change of Control
     under this subsection (i): (w) any transaction that is authorized by the
     Board of Directors of the Company as constituted prior to the effective
     date of the transaction, (x) any acquisition directly from the Company
     (excluding an acquisition by virtue of the exercise of a conversion
     privilege), (y) any acquisition by the Company, or (z) any acquisition by
     any employee benefit plan (or related trust) sponsored or maintained by the
     Company or any entity controlled by the Company; or (ii) individuals who,
     as of the effective date hereof, constitute the Board of Directors of the
     Company (the "Incumbent Board") cease for any reason to constitute at least
     a majority of the Board; provided, however, that any individual becoming a
     director subsequent to the effective date hereof whose election, or
     nomination for election by the Company's stockholders, was approved by a
     vote of at least a majority of the directors then comprising the 11 12
     Incumbent Board shall be considered as though such individual were a member
     of the Incumbent Board, but excluding, for this purpose, any such
     individual whose initial assumption of office occurs as a result of either
     an actual or threatened election contest (as such terms are used in Rule
     14a-11 of Regulation 14A promulgated under the Exchange Act) or other
     actual or threatened solicitation of proxies or consents by or on behalf of
     a Person other than the Board; or (iii) Approval by the stockholders of the
     Company of a complete liquidation or dissolution of the Company or the sale
     or other disposition of all or substantially all of the assets of the
     Company.
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(b)  "Constructive Termination" means the happening of any of the following
     events: (i) a material diminution of Officer's responsibilities, including,
     without limitation, title and reporting relationship; (ii) relocation of
     the Officer's office greater than 50 miles from its location as of the
     effective date of this Agreement without the consent of the Officer; (iii)
     a material reduction in Officer's compensation and benefits.

(c)  The "Exchange Act" shall mean the 1934 Securities Exchange Act, as amended.

2.   Constructive Termination or Termination after Change of Control. If, within
     24 months following a Change of Control, the Company or its successor
     terminates Officer's employment without cause or by Constructive
     Termination, Officer will be paid, in lieu of any other rights under any
     employment agreement between the Officer and the Company, in a lump sum
     payment, an amount equal to 2.99 times the sum of (i) the Officer's annual
     salary for the year in which such termination occurs and (ii) the Officer's
     incentive compensation equal to the average of such incentive compensation
     for the highest two of the last five full fiscal years. All unvested stock
     options shall accelerate and vest in accordance with the early vesting
     provisions under the applicable stock option plans and all incentive stock
     program shares allocated but not yet delivered will be accelerated so as to
     be immediately deliverable. Officer shall receive his or her accrued and
     unpaid salary and any accrued and unpaid pro rata bonus (assuming target
     payout) through the date of termination, and Officer will continue to
     participate in the medical, dental, life, disability and automobile
     benefits in which Officer is then participating for a period of two years
     from the date of termination.

3.   Excise Taxes. In the event that Officer is deemed to have received an
     excess parachute payment (as such term is defined in Section 280G(b) of the
     Internal Revenue Code of 1986, as amended (the "Code")) that is subject to
     excise taxes ("Excise Taxes") imposed by Section 4999 of the Code with
     respect to compensation paid to Officer pursuant to this Agreement, the
     Company shall make an additional payment equal to the sum of (i) all Excise
     Taxes payable by Officer plus (ii) any additional Excise Tax or federal or
     state income taxes imposed with respect to such payments.

4.   Miscellaneous. This Agreement modifies any employment agreement between
     Officer and the Company only with respect to such terms and conditions that
     are specifically addressed in this Agreement. All other provisions of any
     employment agreement between the Company and Officer shall remain in full
     force and effect.

AVNET, INC.

By /s/ Roy Vallee
       Roy Vallee
       Chairman & CEO

Officer

/s/ Steven C. Church
    Steven C. Church

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