Document:

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                                                                     EXHIBIT 10B

      AGREEMENT effective as of May 1, 2000 between AVNET, INC., a New York
corporation with a principal place of business at 2211 South 47th Street,
Phoenix, Arizona 85034 ("Employer") and Rick Hamada, having an office at, 3011
S. 52nd Street Tempe, Arizona 85282 ("Employee").

                               W I T N E S S E T H

1.    Employment, Salary, Benefits:

1.1   Employment. Employer agrees to employ Employee and Employee agrees to
      accept employment upon the terms and conditions hereinafter set forth.

1.2   Term. Employee's employment shall commence on May 1, 2000 and subject to
      earlier termination as provided in Section 2 below, shall continue for a
      period of two (2) years (until April 30, 2002, the "Initial Term"). Unless
      Employee provides Employer written notice at least thirty (30) days prior
      to the expiration of the Initial Term advising Employer that Employee does
      not intend to renew the Agreement as hereinafter described, then after May
      1, 2002 such employment shall continue until terminated by either party
      provided, however, that the party desiring to terminate the employment
      gives written notice thereof to the other not less than one (1) year prior
      to the date of actual termination of employment. By way of example, should
      Employee desire not to renew after the Initial Term, such notice would
      have to be given no later than March 31st, 2002. Thereafter (if not so
      terminated by Employee at the end of the Initial Term), if either Employer
      or Employee should desire to terminate the employment on June 15, 2003
      such notice would have to be given not later than June 15, 2002.

1.3   Duties. Employee is hereby engaged in an executive capacity and shall
      perform such duties for Employer, or Employer's subsidiaries, divisions
      and operating units as may be assigned to him from time to time by the
      Chief Executive Officer of Employer. Employee is currently engaged as
      President of Hall-Mark Global Solutions, North America. If Employee is
      elected an officer or a director of Employer or any subsidiary or division
      thereof, he shall serve as such without additional compensation.

1.4   Compensation. For all services to be rendered by Employee and for all
      covenants undertaken by him pursuant to the Agreement, Employer shall pay
      and Employee shall accept such compensation (including base salary and
      incentive compensation) as shall be agreed upon from time to time between
      Employer and Employee. In the event Employee's employment hereunder is
      terminated by the one (1) year notice provided for in Section 1.2 above
      and Employer and Employee fail to agree upon compensation during all or
      any portion of the one (1) year notice period prior to termination, then
      Employee's compensation (base salary and incentive compensation) during
      such portion of the notice period shall remain the same in cash amount as
      was most recently agreed upon (or as resulted on an average basis for each
      pay period from the formula most recently agreed upon); and upon such
      termination (after a one-year notice) Employee shall not be entitled to
      serverance payments under any Employer severance plan. In the alternative
      event that at least 30 days prior to the end of the Initial Term Employee
      notifies Employer that it
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      intends not to renew as described in 1.2 above, Employee shall effective
      April 30, 2002 (the end of the Initial Term) revert to employee at will
      status (with employment terminable at any time by either Employer or
      Employee) and the provision in 1.2 above requiring a one-year notice shall
      not apply; and upon a subsequent termination of employment, Employee shall
      be entitled if otherwise eligible to payments under any then-applicable
      Employer severance plan. Notwithstanding anything to the contrary, in the
      event Employee's employment is terminated pursuant to 2.1, 2.2 or 2.3
      below, then the one-year notice provided in 1.2 above shall not be
      applicable and employee shall not be entitled to any severance pay
      benefit.

1.5   Other Compensation on Termination. Upon termination of this Agreement,
      Employee shall be entitled to receive only such compensation as had
      accrued and was unpaid to the effective date of termination. If the
      termination occurs other than at the end of a fiscal year of Employer, the
      compensation payable to Employee (including base salary and incentive
      compensation) shall bear the same ratio to a full fiscal year's
      remuneration as the number of days for which employee shall be entitled to
      remuneration bears to 365 days.

1.6   Additional Benefits. In addition to the compensation described in
      Subsection 1.4, Employee shall be entitled to vacation, insurance,
      retirement and other benefits (except for severance pay benefit which the
      one-year termination notice described above is intended to replace) as are
      afforded to personnel of Employer's United States based Computer Marketing
      Group operating units generally and which are in effect from time to time.
      It is understood that Employer does not by reason of this Agreement
      obligate itself to provide any such benefits to such personnel. Employee
      also participates in the Employer's Executive Officers' Supplemental Life
      Insurance and Retirement Benefits Program (the "Program") pursuant to the
      terms and conditions applicable to the Program.

2.    Early Termination.

2.1   Employee's employment hereunder shall terminate, at Employee's option and
      upon a thirty day written notice to Employer, in the event that at any
      time during the term hereof the Employer's current Chief Executive
      Officer, Roy Vallee vacates, for any reason whatsoever, the position of
      Chief Executive Officer.

2.2   Death or Disability. Employee's employment hereunder shall terminate on
      the date of Employee's death or upon Employee 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 Employee then resides) and having Board certification in his
      field of specialization or the receipt of or entitlement of Employee to
      disability benefits under any policy of insurance provided or made
      available by Employer or under Federal Social Security laws, shall be
      conclusive evidence of such disability.

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2.3   Cause. Employee's employment hereunder may also be terminated by Employer
      at any time prior to the expiration of the term hereof without notice for
      cause, including, but not limited to, Employee'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. Employee shall devote his full time, best efforts, attention
      and energies to the business and affairs of Employer and shall not, during
      the term of his employment, be engaged in any other activity which, in the
      sole judgment of Employer, will interfere with the performance of his
      duties hereunder.

3.2   Non-Competition. While employed by Employer or any subsidiary, division or
      operating unit of Employer, Employee shall not, without the written
      consent of the Chief Executive Officer of Employer, 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 Employer, provided,
      however, notwithstanding the foregoing Employee shall not be 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. Employee further agrees that he will not, at any time
      while employed by Employer or any subsidiary, division or operating unit
      of Employer and for a period of one year after the termination of
      employment with Employer, without the written consent of an officer
      authorized to act in the matter by the Board of Directors of Employer,
      directly or indirectly, on Employee's behalf or on behalf of any person or
      entity, induce or attempt to induce any employee of Employer or any
      subsidiary or affiliate of Employer (collectively the "Employer Group") or
      any individual who was an employee of the Employer Group during the one
      (1) year prior to the date of such inducement, to leave the employ of the
      Employer Group or to become employed by any person other than members of
      the Employer Group or offer or provide employment to any such employee.

4.    Definitions:

      The words and phrases set forth below shall have the meanings as
indicated:

4.1   Confidential Information. That confidential business information of the
      Employer, whether or not discovered, developed, or known by Employee as a
      consequence of his employment with Employer. 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

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      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 Employer'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 Employer as
      Confidential Information.

4.2   Developments. Those inventions, discoveries, improvements, advances,
      methods, practices and techniques, concepts and ideas, whether or not
      patentabIe, relating to Employer'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 Employee
      (acting alone or in conjunction with others) during the period of
      Employee's employment hereunder shall be conclusively presumed to have
      been created for or on behalf of Employer (or Employer's subsidiary or
      affiliate for which Employee is working) as part of Employee's obligations
      to Employer hereunder. Such Developments shall be the property of and
      belong to Employer (or Employer's subsidiary or affiliate for which
      Employee is working) without the payment of consideration therefor in
      addition to Employee's compensation hereunder, and Employee hereby
      transfers, assigns and conveys all of Employee's right, title and interest
      in any such Developments to Employer (or Employer's subsidiary or
      affiliate for which Employee is working) and agrees to execute and deliver
      any documents that Employer deems necessary to effect such transfer on the
      demand of Employer.

5.2   Restrictions on Use and Disclosure. Employee 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
      Employer, any Confidential Information which is or was obtained or
      acquired by Employee while in the employ of Employer or any subsidiary or
      affiliate of Employer, provided, however, that this provision shall not
      preclude Employee 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 Employee will have given
      Employer 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 Employee's employment with
      Employer, Employee shall forthwith deliver to the Chief Executive Officer
      of Employer all documents, customer lists and related documents, price and
      procedure manuals and guides, catalogs, records, notebooks and similar
      repositories of or containing Confidential

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      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, Employer and Employee agree to arbitrate any
      controversy or claim arising out of this Agreement or otherwise relating
      to Employee's employment or the termination of 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. Employee acknowledges that any material breach of any of
      the provisions of Sections 3 and/or 5 would entail irreparable injury to
      Employer's goodwill and jeopardize Employer's competitive position in the
      marketplace or Confidential Information, or both, and that in addition to
      Employer's other remedies, Employee consents and Employer shall be
      entitled, as a matter of right, to an injunction issued by any court of
      competent jurisdiction restraining any breach of Employee and/or those
      with whom Employee 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 Employee's employment hereunder.

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 Employee,
      his legal representatives, heirs and distributees and upon Employer, its
      successors and assigns.

6.6   Entire Agreement. This Agreement and the Exhibits hereto 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.

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

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

                                                AVNET, INC.

                                                By  ____________________________

                                                Title  _________________________

                                                ________________________________
                                                RICK HAMADA

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EXHIBIT A

MUTUAL AGREEMENT TO ARBITRATE CLAIMS

       I recognize that differences may arise between Avnet, Inc. ("the
Company") and me during or following my employment with the Company, and that
those differences may or may not be related to my employment. 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
employment (or its termination), 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.

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      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
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

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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.

REQUIREMENTS FOR MODIFICATION OR REVOCATION

       This Agreement to arbitrate shall survive the termination of my
employment. It can only be revoked or modified by a writing signed by me and an
officer of the Company which 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.

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CONSTRUCTION

      If any provision of this Agreement is adjudged to be void or otherwise
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 SUBJENS 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.

 EMPLOYEE                                 AVNET, INC.

/s/ Rick Hamada                           /s/ Roy Vallee
------------------------------------      ----------------------------------
Signature of Employee                     Signature of Authorized Company
                                          Representative

Rick Hamada                               Roy Vallee
------------------------------------      ----------------------------------
Print Name of Employee                    Title of Representative

May 1, 2000                               As of May 1, 2000
------------------------------------      ----------------------------------
Date                                      Date

                                       10<PAGE>
                                                                     EXHIBIT 10C

      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 Edward Kamins having an office at
3201 East Harbour Drive, Phoenix, Arizona 85034 ("Kamins").

                                   WITNESSETH

1.     ENGAGEMENT, SALARY, BENEFITS.

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

1.2    Term. Kamins' 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, shall continue through June 30, 2004 and
       thereafter, shall automatically be extended for additional one-year
       increments until terminated pursuant to Section 2 below.

1.3    Duties. Kamins' 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.
       Kamins is current engaged as President of the Applied Computing group. If
       Kamins 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 Kamins and for all
       covenants undertaken by him pursuant to the Agreement the Company shall
       pay and Kamins shall accept annual compensation to be agreed upon by the
       Company and Kamins at the beginning of each fiscal year of the Company.
       In the event that the parties cannot agree upon such compensation, then
       upon written notice this agreement and Kamins' employment hereunder shall
       be deemed to be terminated one (1) year after the date of such notice;
       and during such period Kamins' compensation shall continue as in effect
       for the immediately prior fiscal year.

1.5    Compensation or Termination. Upon termination of this Agreement, Kamins
       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, Kamins 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

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       Agreement, Kamins shall be eligible for a Company provided automobile in
       accordance with the Company's program therefore 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. Kamins 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
       Program.

2.     EARLY TERMINATION.

2.1    Death or Disability. Kamins' employment hereunder shall terminate on the
       date of Kamins' death or upon Kamins 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
       Kamins then resides) and having Board certification in his field of
       specialization or the receipt of or entitlement of Kamins 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. Kamins' employment hereunder may 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, Kamins' gross misconduct, breach of
       any material term of this Agreement, willful breach, habitual neglect or
       wanton disregard of his duties, or convictions of any criminal act.

2.3    Without Cause. Kamins' employment hereunder may be terminated by either
       Kamins or the Company effective as of June 30, 2004 or any other date
       thereafter by giving written notice to the other at least one (1) year
       prior to effective date of termination.

3.     COMPETITIVE EMPLOYMENT

3.1    Full Time. Kamins 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,
       Kamins 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

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       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, Kamins shall not be 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. Kamins further agrees that he will not, at any time
       while engaged by the Company or any subsidiary, division or operating
       unit of the Company as either an employee or consultant 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 Kamins' 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 Kamins 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 an
       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 Kamins
       (acting alone or in conjunction with others) during the period of Kamins'

                                       3
<PAGE>
       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 Kamins is performing services) as part of Kamins' obligations
       to the Company hereunder. Such Developments shall be the property of, and
       belong to the Company (or the Company's subsidiary or affiliate for which
       Kamins is working) without the payment of consideration therefore in
       addition to Kamins' compensation hereunder, and Kamins hereby transfers,
       assigns and conveys all of Kamins' right, title and interest in any such
       Developments to the Company (or the Company's subsidiary or affiliate for
       which Kamins 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. Kamins 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 or any subsidiary or
       affiliate of the Company, provided, however, that this provision shall
       not preclude Kamins 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 Kamins 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, Kamins shall
       forthwith deliver to the Chief Executive Officer of the Company all
       documents, customer lists and related documents, price and procedure
       manuals 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 Kamins agree to arbitrate any
       controversy or claim arising out of this Agreement or otherwise relating
       to Kamins' 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. Kamins acknowledges that any material breach of any of
       the

                                       4
<PAGE>
       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, Kamins 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 Kamins and/or
       those with whom Kamins 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 Kamins' employment hereunder.

6.4    Interpretation. If any court of competent jurisdictions 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 Kamins,
       his legal representatives, heirs and distributes 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
       supercedes 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

                                       5
<PAGE>
       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/ Edward Kamins
------------------------------
Edward Kamins

                                       6
<PAGE>
                                    EXHIBIT A
                      MUTUAL AGREEMENT TO ARBITRATE CLAIMS

I realize that differences may arise between Avnet, Inc. ("the Company") and me
during or following my engagement with the Company, and that those differences
may or 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 original, age,
marital status, medical condition, handicap or disability); claims for benefits
(except where any 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 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

                                       7
<PAGE>
my personnel file. The written notice shall identify and describe the nature of
all claims asserted and 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, as 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.

REQUIREMENTS FOR MODIFICATION OR REVOCATION. This Agreement to arbitrate shall
survive the termination of my employment. It 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.

                                       8
<PAGE>
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
OTHERWISE 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

/s/ Edward Kamins
------------------------------------------
Edward Kamins

                                       9
<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 Roy Vallee (the "Officer"). Avnet and the
Officer are collectively referred to in this Agreement as "the Parties".

WHEREAS, the Officer holds the position of Chairman and Chief Executive Officer
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;

NO, 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 13d-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
      conversation 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 ion 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. (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.

                                       10
<PAGE>
2.    Constructive Termination or Termination after Change of Control. If,
      within 24 months following a Change of Control, the Company or its
      successor termites 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 "Cod")) 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/ Edward Kamins
------------------------------------------
Edward Kamins

                                       11

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