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                                                                    EXHIBIT 4.12

                       NONQUALIFIED STOCK OPTION AGREEMENT
                                   (DIRECTOR)

         This Nonqualified Stock Option Agreement ("Option Agreement") is
between Century Bancshares, Inc., a Delaware corporation (the "Company"), and
______________________(the "Optionee").

                              WITNESSETH:

         The Company has heretofore adopted the Century Bancshares, Inc. 2001
Nonqualified Stock Option Plan (the "Plan") for the purpose of providing
employees and directors of the Company or Century National Bank (the "Bank") and
their Affiliates (as defined in the Plan) with additional incentive to promote
the success of the business, to increase their proprietary interest in the
success of the Company, and to encourage them to remain as directors of the
Company, the Bank, and their Affiliates (collectively hereinafter referred to as
the "Company").

         The Company, acting through the Stock Option Committee designated by
the Board of Directors (the "Committee"), has determined that its interests will
be advanced by the issuance to Optionee of nonqualified stock options under the
Plan.

         NOW THEREFORE, for and in consideration of these premises it is agreed
as follows:

         1. Option. Subject to the terms and conditions contained herein, the
Company, effective as of __________________ (the "Grant Date"), hereby
irrevocably grants to Optionee the right and option ("Option") to purchase from
the Company ________ shares of the Company's common stock, $1.00 par value
("Common Stock"), at a price of ________ per share, which is deemed to be not
less than the fair market value of Common Stock on the Grant Date.

         2. Option Period; Vesting. The Option herein granted is fully vested
and may be exercised by Optionee in whole or in part at any time during a ten
(10) year period ("Option Period") beginning on the Grant Date.

         3. Procedure for Exercise. The Option herein granted may be exercised
by written notice by Optionee to the Secretary of the Company setting forth the
number of shares of Common Stock with respect to which the Option is to be
exercised accompanied by payment of the purchase price for the shares to be
purchased, and specifying the address to which the certificate for such shares
is to be mailed. Payment shall be by means of cash, cashier's check, bank draft,
postal or express money order payable to the order of the Company or, at the
option of the Optionee, in shares of Common Stock theretofore owned by such
Optionee (or a combination of cash and Common Stock) having a value equal to the
aggregate purchase price. Notice may also be delivered by fax or telecopy
provided that the purchase of such shares is delivered to the Company via wire
transfer on the same day the fax is received by the Secretary of the Company. As
promptly as practicable after receipt of such written notification and payment,
the Company

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shall deliver to Optionee certificates for the number of shares of Common Stock
with respect to which such Option has been so exercised.

         4. Cessation from the Board. Except as provided below, any Options
which are exercisable on the Optionee's cessation from the Board for any reason
other than death or Disability may be exercised during a three-month period
beginning on the date of his or her cessation from the Board. In no event may
any Option be exercised after the earlier to occur of the last day of the
three-month period or the last day of the Option Period. If Optionee's cessation
from the Board is due to Optionee's dishonesty, theft, embezzlement from the
Company, disclosing trade secrets of the Company, willful violation of any rules
of the Company pertaining to the conduct of individuals performing services for
the Company, or the commission of a willful felonious act while acting as a
director of the Company, then any Option or unexercised portion thereof granted
to Optionee shall expire upon such cessation from the Board.

         5. Death or Disability. If the Optionee ceases to serve on the Board of
the Company because of his or her death or Disability, all Options hereunder
exercisable at the date of such death or Disability shall be thereafter
exercisable by Optionee, the guardian of his or her estate, his or her executor
or administrator, or the person or persons to whom his or her rights under this
Option Agreement shall pass by will or by the laws of descent and distribution,
as the case may be, for a period of one year from the date of Optionee's death
or Disability. In no event may any Option be exercised after the earlier to
occur of the last day of such one year period or the last day of the Option
Period. "Disability" shall mean with respect to the Optionee that in the opinion
of a physician selected by the Committee, he or she is incapable of performing
services for the Company by reason of any medically determinable physical or
mental impairment which can be expected to result in death or to be of long,
continued and indefinite duration. The Disability occurs on the date of such
determination by such physician.

         6. Transferability. Neither the Option hereunder nor any rights or
benefits of Optionee under this Option Agreement shall be transferable by
Optionee otherwise than by Optionee's will or by the laws of descent and
distribution. During the lifetime of Optionee, the Option shall be exercisable
only by him or her. Any heir or legatee of Optionee shall take rights herein
granted subject to the terms and conditions hereof. No such transfer of this
Option Agreement to heirs or legatees of Optionee shall be effective to bind the
Company unless the Company shall have been furnished with written notice thereof
and a copy of such evidence as the Committee may deem necessary to establish the
validity of the transfer and the acceptance by the transferee or transferees of
the terms and conditions hereof.

         7. No Rights as Stockholder. Optionee shall have no rights as a
stockholder with respect to any shares of Common Stock covered by this Option
Agreement until the date of issuance of a certificate for shares of Common Stock
purchased pursuant to this Option Agreement. Until such time, Optionee shall not
be entitled to dividends or to vote at meetings of the stockholders of the
Company. Except as provided in Section 9 hereof, no adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash or securities or other
property) paid or distributions or other rights granted in respect of any share
of Common Stock for which

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the record date for such payment, distribution or grant is prior to the date
upon which the Optionee shall have been issued share certificates, as provided
hereinabove.

         8. Extraordinary Corporate Transactions. If the Company recapitalizes
or otherwise changes its capital structure, or merges, consolidates, sells all
of its assets or dissolves (each of the foregoing a "Fundamental Change"), then
thereafter upon any exercise of an Option theretofore granted Optionee shall be
entitled to purchase under such Option, in lieu of the number of shares of
Common Stock as to which Option shall then be exercisable, the number and class
of shares of stock and securities to which Optionee would have been entitled
pursuant to the terms of the Fundamental Change if, immediately prior to such
Fundamental Change, Optionee had been the holder of record of the number of
shares of Common Stock as to which such option is then exercisable.

         9. Changes in Capital Structure. The existence of outstanding Options
shall not affect in any way the right or power of the Company or its
shareholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in the Company's capital structure or its
business, or any merger or consolidation of the Company, or any issuance of
Common Stock or subscription rights thereto, or any issuance of bonds,
debentures, preferred or prior preference stock ahead of or affecting the Common
Stock or the rights thereof, or the dissolution or liquidation of the Company,
or any sale or transfer of all or any part of its assets or business, or any
other corporate act or proceedings, whether of a similar character or otherwise.
If the outstanding shares of Common Stock of the Company shall at any time be
changed or exchanged by declaration of a stock dividend, stock split,
combination of shares, or recapitalization, the number and kind of shares
subject to the Plan or subject to any Options theretofore granted, and the
Option prices, shall be appropriately and equitably adjusted so as to maintain
the proportionate number of shares without changing the aggregate Option price.

         10. Compliance With Securities Laws. Upon the acquisition of any shares
pursuant to the exercise of the Option herein granted, Optionee (or any person
acting under Section 6) will enter into such written representations, warranties
and agreements as the Company may reasonably request in order to comply with
applicable securities laws or with this Option Agreement.

         11. Compliance With Laws. Notwithstanding any of the other provisions
hereof, Optionee agrees that he or she will not exercise the Option(s) granted
hereby, and that the Company will not be obligated to issue any shares pursuant
to this Option Agreement, if the exercise of the Option(s) or the issuance of
such shares of Common Stock would constitute a violation by Optionee or by the
Company of any provision of any law or regulation of any governmental authority.

         12. Withholding of Tax. To the extent that the exercise of this Option
or the disposition of shares of Common Stock acquired by exercise of this Option
results in compensation income to Optionee for federal or state income tax
purposes, Optionee shall pay to the Company at the time of such exercise or
disposition (or such other time as the law permits if Optionee is subject to
Section 16(b) of the Securities Exchange Act of 1934, as amended) such

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amount of money as the Company may require to meet its obligation under
applicable tax laws or regulations; and, if Optionee fails to do so, the Company
is authorized to withhold from any cash remuneration then or thereafter payable
to Optionee, any tax required to be withheld by reason of such resulting
compensation income or Company may otherwise refuse to issue or transfer any
shares otherwise required to be issued or transferred pursuant to the terms
hereof.

         13. Resolution of Disputes. As a condition of the granting of the
Option hereby, Optionee and his or her heirs and successors agree that any
dispute or disagreement which may arise hereunder shall be determined by the
Committee in its sole discretion and judgment, and that any such determination
and any interpretation by the Committee of the terms of this Option Agreement
shall be final and shall be binding and conclusive, for all purposes, upon the
Company, Optionee, his or her heirs and personal representatives.

         14. Legends on Certificate. The certificates representing the shares of
Common Stock purchased by exercise of an Option will be stamped or otherwise
imprinted with legends in such form as the Company or its counsel may require
with respect to any applicable restrictions on sale or transfer and the stock
transfer records of the Company will reflect stop-transfer instructions with
respect to such shares.

         15. Notices. Every notice hereunder shall be in writing and shall be
given by registered or certified mail or by fax or telecopy. All notices of the
exercise of any Option hereunder shall be directed to Century Bancshares, Inc.,
1275 Pennsylvania Avenue, N.W., Washington, D.C. 20004, Attention: Corporate
Secretary. Any notice given by the Company to Optionee directed to him or her at
his or her address on file with the Company shall be effective to bind him or
her and any other person who shall acquire rights hereunder. The Company shall
be under no obligation whatsoever to advise Optionee of the existence, maturity
or termination of any of Optionee's rights hereunder and Optionee shall be
deemed to have familiarized himself or herself with all matters contained herein
and in the Plan which may affect any of Optionee's rights or privileges
hereunder.

         16. Construction and Interpretation. Whenever the term "Optionee" is
used herein under circumstances applicable to any other person or persons to
whom this award, in accordance with the provisions of Section 6 hereof, may be
transferred, the word "Optionee" shall be deemed to include such person or
persons. References to the masculine gender herein also include the feminine
gender for all purposes.

         17. Agreement Subject to Plan. This Option Agreement is subject to the
Plan. The terms and provisions of the Plan (including any subsequent amendments
thereto) are hereby incorporated herein by reference thereto. In the event of a
conflict between any term or provision contained herein and a term or provision
of the Plan, the applicable terms and provisions of the Plan will govern and
prevail. All definitions of words and terms contained in the Plan shall be
applicable to this Option Agreement.

         18. Relationship to Company. Optionee shall be considered in service as
a director of the Company as long as he or she remains a director of the
Company, the Bank, or a parent or

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subsidiary corporation (as defined in Section 424 of the Internal Revenue Code
of 1986, as amended). Any questions as to whether and when there has been a
cessation from the Board and the cause of such cessation shall be determined by
the Committee, and its determination shall be final. Nothing contained herein
shall be construed as conferring upon Optionee the right to continue in the
service as a director.

         19. Confidentiality; Nonsolicitation. Optionee recognizes and
acknowledges that Optionee has and will have access to confidential information
of a special and unique value concerning the Company and/or the Bank which may
include, without limitation, books and records relating to operations, customer
names and addresses, customer service requirements, customer financial
statements, and other financial, business and personal information relating to
the Company and/or the Bank, their customers, markets, officers and criteria.
Optionee also recognizes that a portion of the business of the Company and the
Bank is dependent upon trade secrets, including techniques, methods, systems,
processes, data and other confidential information. The protection of these
trade secrets and confidential information against unauthorized disclosure or
use is of critical importance to the Company. Optionee therefore agrees that,
without prior written authorization from the Chief Executive Officer of the
Company, Optionee will not at any time, either while acting as a director of the
Company or the Bank or afterwards, make any independent use of or disclose to
any other person, any trade secrets or confidential information of the Company
or the Bank.

         All records, files, memoranda, reports, price lists, customer lists,
documents, and other information (together with all copies thereof) which relate
to the Company and/or the Bank, and which Optionee has obtained or obtains,
uses, prepares, or comes into contact with shall remain the sole property of the
Company. Upon the cessation of Optionee from the Board of the Company or the
Bank, all such materials and all copies thereof shall be returned to the Company
immediately.

         Optionee, on behalf of him/herself and his/her present and future
affiliates and employers for a period of six months following the cessation of
Optionee from the Board of the Company and/or the Bank, agrees not to and shall
not directly or indirectly (i) hire, employ or engage any past, present or
future employee of the Company or the Bank without the prior written permission
of the Chief Executive Officer of the Company, (ii) compete for or solicit
banking, lending, deposit taking or any other banking or trust services business
from any customer of the Company or the Bank, or (iii) use in any competition,
solicitation or marketing effort any proprietary list or other information
concerning customers of the Company or the Bank.

         20. Entire Agreement; Amendment. This Option Agreement and any other
agreements and instruments contemplated by this Option Agreement contain the
entire Agreement of the parties, and this Option Agreement may be amended only
in writing signed by both parties.

         21. Binding Effect. This Option Agreement shall be binding upon and
inure to the benefit of any successors to the Company and all persons lawfully
claiming under Optionee.

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         IN WITNESS WHEREOF, this Option Agreement has been executed as of the
______ day of _____________, 200___.

                                      CENTURY BANCSHARES, INC.

                                      By:
                                         ---------------------------------------

                                      OPTIONEE

                                      ------------------------------------------
                                      Name:
                                           -------------------------------------

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                                                                    EXHIBIT 10.1

                         EXECUTIVE HEALTH CARE BENEFITS

                            AND CONSULTING AGREEMENT

         This Executive Health Care Benefits and Consulting Agreement is made
and entered into this 19th day of October, 2000, by and between KENT ELECTRONICS
CORPORATION, a Texas corporation (the "Company") and LARRY D. OLSON
("Executive").

                                   WITNESSETH:

         WHEREAS, Executive recognizes that one day he will retire from the
employ of the Company after many years of valuable and dedicated service as a
senior executive officer of the Company; and

         WHEREAS, the Company desires that Executive enjoy a long and
pleasurable retirement as a well-deserved reward for his many years of
accomplishment for the benefit of the Company; and

         WHEREAS, in order to provide an additional measure of financial
security to Executive during his retirement years, the Company desires to
provide Executive and his spouse with continued healthcare coverage and other
benefits upon the terms and conditions herein agreed; and

         WHEREAS, the Company desires to retain Executive as an independent
management consultant after his retirement, and Executive desires to perform
such consulting services, upon the terms and conditions herein agreed; and

         WHEREAS, the Company and Executive recognize and acknowledge that it is
in their mutual best interests to enter into this Agreement while Executive is
still employed by the Company;

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         NOW, THEREFORE, for and in consideration of the compensation and other
benefits to be paid to and on behalf of Executive hereunder, and the mutual
promises, covenants and undertakings herein contained, the Company and Executive
hereby agree as follows:

         1. CONSULTATION SERVICES.

            (a) TERM. Executive shall have the option to provide management
consultation services to the Company on an as-needed or on-call basis for a
period commencing on the date that Executive retires from the employ of the
Company and ending on the date of Executive's death or such earlier date as
Executive elects to cease providing such services; provided, however, this
Section 1(a) shall not require the Company to engage Executive for consulting
services or pay him in respect thereof in the event that Executive is terminated
from the employ of the Company for Cause as defined below.

            Termination for "Cause" shall mean termination of Executive's
employment with the Company because of (i) any acts or omissions that constitute
Executive's material ongoing breach or failure to perform the material duties of
his position with the Company (other than any such act or omission resulting
from Executive's incapacity due to physical or mental illness, disability or
accident, or any other event or condition beyond Executive's control), which
breach continues after Executive's receipt of written notice by the Company's
Board of Directors setting forth the nature of the breach, and failure of
Executive to correct such breach within 30 business days of his receipt of such
notice; (ii) Executive's conviction of a felony involving conduct causing a
demonstrable and material injury to the business of the Company; or (iii)
Executive's engaging in willful misconduct that has or can reasonably be
expected to have a material adverse effect on the Company, after Executive's
receipt of written notice by the Company's Board of

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Directors of such breach which sets forth the nature of the breach, and failure
of Executive to correct such breach within 30 business days of his receipt of
such notice.

            (b) DUTIES. During such period as Executive provides consulting
services pursuant to this Section 1, Executive shall, in the capacity of an
independent contractor, function as an advisor and consultant to the
then-current management of the Company and, in such capacity, Executive shall as
reasonably requested by the then-current chief executive officer of the Company
from time to time (i) furnish his advice, information, judgment and knowledge
with respect to business methods, practices, history, customers, employees and
suppliers of the Company, (ii) generally advise and consult with management
regarding matters affecting the Company's business and affairs, and (iii) attend
meetings and serve on committees as he may be reasonably requested from time to
time to accomplish the foregoing duties. Executive shall be indemnified by the
Company in respect of all services provided by him pursuant to this Section 1 to
the same extent applicable during the period of employment with respect to his
services as an officer of the Company. Executive shall incur no liability to the
Company for any acts or omissions by him in connection with this Section 1 to
the extent Executive acts in good faith in providing any services pursuant
hereto.

            (c) EXTENT OF DUTIES. Executive and the Company agree that during
the period described in subsection (a) above, the Company shall have first call
upon the Executive's services not to exceed 12 8-hour days of service per year
(ending on each anniversary date of his retirement) unless Executive otherwise
expressly consents to provide more than 12 days of service; provided, however,
it is further agreed that Executive need not be available during (i) reasonable
vacation periods each year, (ii) periods of illness or other incapacity of
Executive or

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his spouse, (iii) reasonable times allocated to his personal affairs, or (iv)
more than 3 days of service in any 30 day period.

            (d) RETAINER. On or before the last day of each fiscal year of the
Company ending on or after the date that Executive retires from the employ of
the Company, and so long as the Executive has not notified the Company of his
election to cease providing such services, the Company shall pay to Executive a
lump sum amount as payment for Executive's agreement to be available to provide
consulting services to the Company as and when requested by the Company during
that year (the "Retainer"). The Retainer shall be an amount equal to $14,000 if
paid on or before the end of the Company's 2001 fiscal year and shall be
increased each year thereafter by ten percent (10 %). The Company shall not be
obligated to pay the Retainer to Executive for a particular year if Executive
has a physical or mental infirmity or disability which is permanent or of an
indefinite and long-lasting duration that will prevent, or is reasonably
expected to prevent, Executive from being able to perform consulting services at
any time during the particular year. The determination of whether Executive has
incurred a physical or mental infirmity or disability which is permanent or of
an indefinite and long-lasting duration that will prevent, or is reasonably
expected to prevent, Executive from being able to perform consulting services at
any time during a particular year shall be made by a physician who shall be
selected by the Company and Executive or Executive's representative. If for any
reason either party fails to select a physician after being requested to do so,
or if the parties cannot agree on the choice of a physician, then either party
may request the President of the Harris County Medical Society to designate the
examining physician. The Company shall pay for any medical examinations
hereunder.

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            (e) PER DIEM FEES. The Company shall pay to Executive, as
compensation for his services hereunder as a management consultant, a fee of
$2,000 per day as prorated based on an 8-hour day; provided, however, if
Executive is required to perform services for at least 4 hours in any 24-hour
period, it shall be treated as one 8-hour day. The per diem fee shall be
increased each year (beginning with the Company's 2002 fiscal year) by ten
percent (10 %).

            (f) EXPENSES. The Company shall reimburse Executive for reasonable
expenses which Executive determines were necessary in the performance of his
consulting duties hereunder. Such reimbursement shall be made as soon as
administratively practicable following presentment by Executive of itemized
accounts of expenditures and approval thereof by the Company, which approval
shall not be unreasonably withheld.

            (g) WORKING FACILITIES. Executive shall be provided with office
space and appropriate support services at the Company's Houston offices as
needed to fulfill any consulting assignment. Without limiting the scope of the
previous sentence, to the extent that Executive is covered under the consulting
portion of this Agreement and he so desires, the Company shall provide Executive
with a private, furnished office commensurate with his executive position with
the Company at the time of his retirement, telephone, secretarial, and
reasonable postage for business matters related to the Company.

            (h) INDEPENDENT CONTRACTOR. It is expressly understood and agreed
that Executive shall act as an independent contractor in the undertaking of all
consulting assignments hereunder; Executive is not an employee of, nor employed
by, the Company. Executive shall utilize his own means and methods of
accomplishing the consulting projects assigned to him by the Company from time
to time and shall not be subject to the supervision, direction or control of the
Company with respect to the details of such work.

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            Executive shall function solely as an independent contractor;
therefore, it is expressly understood and agreed that, with respect to the
duties described in subsection (b) of this Section 1, no employee-employer
relationship shall exist between the Company and Executive with respect to
Executive's provision of consulting services hereunder. Accordingly, after the
date of his retirement from the employ of the Company, (i) Executive shall have
no right to be covered, or accrue service credit, as an active employee under
any of the employee benefit plans or programs maintained by the Company for its
employees, except to the extent set forth in this Agreement, and (ii) the
Company shall have no right or responsibility to withhold from Executive's
consultation fees or any other taxable income provided to Executive or his
spouse hereunder, any federal income tax withholding, FICA taxes, unemployment
taxes or other taxes or amounts required to be withheld from the compensation of
employees under any state or federal law or regulation.

            At the end of each calendar year during the term of this Agreement,
the Company shall provide IRS Forms 1099 (or its successor) to Executive and to
his spouse, as applicable, that show the amounts paid hereunder to or on behalf
of Executive and his spouse, as applicable, during the calendar year that are
required to be included in the taxable income of Executive or his spouse, as
applicable, for such year. Taxable income shall be determined by the Company in
accordance with applicable tax laws and regulations.

         2. HEALTH CARE BENEFITS.

            (a) CONTINUATION COVERAGE UNDER HEALTH CARE PLAN. The Company shall
continue to cover Executive and the spouse to whom Executive was married as of
the date of his termination from the employ of the Company (hereinafter referred
to as "Spouse") under the group health care plan maintained by the Company to
provide medical, dental and prescription

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drug benefits for employees and their dependents (such group health care plan or
its successor(s) is referred to as the "Health Care Plan"). The coverage of
Executive and his Spouse under the Health Care Plan shall continue for each of
their lives without interruption. In the event of any change to the Health Care
Plan following the date of Executive's termination from the employ of the
Company, Executive and his Spouse shall be treated consistently with the
then-current chief executive officer of the Company (or its successor) with
respect to the terms and conditions of coverage and other substantive provisions
of the Health Care Plan. The provisions of this Section 2 shall (i) be effective
regardless of the reason for Executive's termination of employment with the
Company, (ii) survive the termination of this Agreement for whatever reason
unless Executive otherwise consents in writing, and (iii) be separate from, and
not in any way dependent upon, Executive's provision of consulting services
pursuant to Section 1 hereof.

            The Company and Executive hereby agree that the intent and purpose
of this Section 2 is to provide continuation coverage for Executive and his
Spouse under the Health Care Plan which is essentially similar to the coverage
that was being provided to such persons as of the effective date of Executive's
termination from the employ of the Company. The Company and Executive
acknowledge that future events cannot be foreseen, and it is not possible to
provide an exhaustive list of all contingencies; accordingly, the Company hereby
accepts and agrees that it has a responsibility and contractual obligation
hereunder to provide Executive and his Spouse with such essentially similar
health care coverage during the remainder of their lives in consideration for
Executive's past service as an executive officer of the Company

            If the Health Care Plan is ever terminated and not replaced with a
similar plan providing the same coverage in all material respects, and the
Company and any other members of its controlled group (as defined in Sections
414(b), (c), (m) or (o) of the Internal Revenue

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Code of 1986, as amended (the "Code") or any successor provisions of the Code or
its successor) do not provide medical, dental and prescription drug benefits to
officers and their dependents under a similar plan that can provide coverage to
Executive and his Spouse which is the same, in all material respects, to the
coverage that was being provided to them under the Health Care Plan, the Company
or its successor shall purchase conversion or other individual insurance
policy(ies) for Executive and his Spouse. Such policy(ies) shall provide
coverage which, in all material respects, is the same as the coverage that was
being provided to Executive and his Spouse under the Health Care Plan as of its
termination date.

            The continuation coverage under the Health Care Plan (or its
successor) provided to Executive and his Spouse pursuant to this Agreement shall
continue and remain in full force and effect until the later of (i) Executive's
date of death or (ii) his Spouse's date of death.

            The health care continuation coverage provided pursuant to the
provisions of this Section 2 is completely independent from Executive's
provision of consulting services pursuant to Section 1 hereof. Section 2
provides retiree health care coverage to Executive and his spouse, and such
coverage does not depend on whether Executive performs any consulting or other
services for the Company after his retirement.

            In consideration for the receipt of any health care benefits
hereunder, Executive and his Spouse agree to assist the Company in procuring or
maintaining their health care coverage, including, without limitation,
submitting to usual and customary medical examinations if reasonably requested
by the Company.

            (b) MEDICARE. Executive and his Spouse hereby agree and consent to
acquire and maintain any and all coverage that either or both of them are
entitled to at any time during their lives under the Medicare program or any
similar or succeeding plan or program that is

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sponsored or maintained by the United States Government or any agency thereof
(hereinafter referred to as "Medicare"). The coverage described in the
immediately preceding sentence includes, by way of illustration and not
limitation, parts A and B of Medicare and any catastrophic coverage that may
become available. Executive and his Spouse further agree and consent to pay all
required premiums and other costs for Medicare coverage from their personal
funds, and such payments are not related to payments for any consulting services
that may be performed by Executive pursuant to Section 1 hereof. The maintenance
of all available Medicare coverage by Executive and his Spouse is an integral
part of this Section 2 of the Agreement and, if such coverage is available and
not maintained, the Company may offset or reduce any payments provided to, or on
behalf of, Executive or his Spouse under the Health Care Plan by any amount that
the Board of Directors of the Company in good faith (after consultation with
qualified counsel) determines would have been paid by Medicare.

            (c) COORDINATION OF BENEFITS. The coverage provided under the Health
Care Plan to Executive and his Spouse shall be secondary to Medicare; therefore,
the Health Care Plan shall only cover those items and expenses which are
eligible to be covered under the Health Care Plan to the extent not covered by
Medicare. Coverage under the Health Care Plan shall be specifically coordinated
with Medicare such that Medicare shall provide the primary coverage for
Executive and/or his Spouse and the Health Care Plan shall provide the secondary
coverage. In the event that under controlling law, Medicare cannot be deemed to
provide the primary coverage for any item or expense that is covered by both the
Health Care Plan and by Medicare, then, in such event only, the Health Care Plan
shall be deemed to provide the primary coverage, and Medicare shall be deemed to
provide the secondary coverage, with respect to such item or expense only.

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         The Company may, in its discretion, pay the premiums for Executive and
his Spouse for coverage under any insurance policy(ies) (issued by an insurance
company licensed to conduct business in the State of Texas that has at least an
A rating by A.M. Best & Co.), which policy(ies) provide medical insurance
coverage that is designed to supplement Medicare coverage. In the event that the
Company purchases any such policy, the continued coverage of the Executive and
his Spouse under the Health Care Plan shall be specifically coordinated with,
and tertiary to the full extent possible under applicable law, to the coverage
provided under Medicare and such supplemental Medicare policy so that the Health
Care Plan shall only provide coverage for those covered expenses under the
Health Care Plan to the extent not paid under Medicare or the supplemental
Medicare policy.

            (d) COST OF COVERAGE.

            (i) HEALTH CARE PLAN. Executive and his Spouse shall be required to
         pay monthly premiums for their coverage under the Health Care Plan.
         Following Executive's termination of employment with the Company for
         whatever reason, Executive and his Spouse shall be provided with
         continuation coverage under the Health Care Plan pursuant to, and in
         accordance with, the Consolidated Omnibus Budget Reconciliation Act of
         1985, as amended ("COBRA"). After expiration of the maximum period of
         continuation coverage provided under COBRA; Executive and his Spouse
         shall continue their participation in the Health Care Plan by
         continuing to pay monthly premiums to the Company. Each monthly premium
         shall be in an amount equal to the applicable premium that is charged
         by the Company for the purchase of COBRA continuation coverage, which
         premiums shall be computed in accordance with COBRA and the regulations
         and other authority issued thereunder. Consequently, after expiration
         of the

                                       10
<PAGE>   11
         maximum period of continuation coverage provided under COBRA, Executive
         and his Spouse shall continue their participation in the Health Care
         Plan for the remainder of their lives by paying monthly premiums to the
         Company that are equal in amount to the premiums charged to individuals
         who are receiving COBRA coverage under the Health Care Plan. Executive
         and his Spouse shall pay the applicable premium for family coverage (or
         at the premium rate for an individual with one dependent, if
         applicable) for their coverage under the Health Care Plan to the extent
         it is less than the individual premiums for two individuals.

            If the parties do not agree on other appropriate procedures for
         premium payments, each month the Company shall invoice Executive for
         the premium for continued coverage under the Health Care Plan for the
         next ensuing month for Executive and his Spouse. If payment is not
         received within 30 days following the invoice date, Company shall
         notify Executive and his Spouse by telephone and by certified or
         registered mail, and Executive and his Spouse shall have an additional
         30 days from the documented date of notification in which to make
         payment to the Company. If payment is not received by the expiration of
         this second 30 day period, the coverage of Executive and his Spouse
         under the Health Care Plan may be discontinued in the discretion of the
         Company; provided, however, coverage shall not be discontinued if (A)
         payment was not received by the Company as the result of circumstances
         outside the control of Executive and his Spouse or (B) another
         reasonable explanation exists for the failure of Executive and his
         Spouse to pay the monthly premium or for the failure of Company to
         receive such payment. In that event, Executive and his Spouse shall
         make the required payment as soon as practicable under the
         circumstances then existing.

                                       11
<PAGE>   12
            (ii) MEDICARE COVERAGE. In accordance with subsection (b) of this
         Section 2, Executive and his Spouse shall be responsible for paying the
         applicable premiums for Medicare coverage; provided, however, the
         amount of their premium paid for Medicare coverage shall reduce,
         dollar-for-dollar, the amount of the premium charged to Executive and
         his Spouse by the Company, pursuant to subsection (d)(i) of this
         Section, for coverage under the Health Care Plan. Executive and his
         Spouse shall provide reasonable verification to Company concerning
         their Medicare premiums so Company can compute the amount of the offset
         in premiums charged for coverage under the Health Care Plan.

            (iii) SUPPLEMENTAL MEDICARE POLICY. If the Company should decide, in
         the exercise of its discretion pursuant to subsection (c) of this
         Section 2, to purchase a supplemental Medicare policy on behalf of
         Executive and his Spouse, the premiums paid for such policy shall be at
         the sole expense of the Company.

            (iv) MEDICAL EXPENSE REIMBURSEMENT PLAN. Following termination of
         Executive's employment with the Company for any reason, Executive and
         his Spouse shall nevertheless continue to participate in the medical
         expense reimbursement plan maintained by the Company for the benefit of
         its eligible officers (the "Medical Expense Reimbursement Plan"). In
         that respect, Executive and his Spouse shall be reimbursed by the
         Company within thirty (30) days after submission of receipts
         substantiating deductibles, co-payments, and other such out-of-pocket
         payments made by Executive or his Spouse with respect to
         medically-related expenses of Executive or his Spouse that are not
         reimbursable under the Health Care Plan,

                                       12
<PAGE>   13
         Medicare or any supplemental Medicare policy, as applicable. However,
         premiums paid for coverage under the Health Care Plan, Medicare or any
         supplemental Medicare policy shall not be reimbursable under the
         Medical Expense Reimbursement Plan.

            (e) PAYMENT OF TAXES. The Company shall not be responsible for the
payment of any taxes which may be imposed on Executive or his Spouse as the
result of receiving coverage under the Health Care Plan, any supplemental
Medicare policy, or the Medical Expense Reimbursement Plan. At the end of each
calendar year during the term of this Agreement, the Company shall provide any
required IRS Forms 1099 (or its successor) to Executive and to his Spouse that
show the amounts paid to or on behalf of Executive and his Spouse during the
calendar year that are required to be included in the taxable income of
Executive or his Spouse, as applicable, for such year. Taxable income shall be
determined by the Company in accordance with applicable tax law and regulation.

            (f) MAXIMUM LIFETIME BENEFIT UNDER HEALTH CARE PLAN. The lifetime,
aggregate, maximum benefit under the Health Care Plan (or its successor) shall
apply separately and individually to Executive and to his Spouse and, in no
event, shall the lifetime, aggregate, maximum benefit be less than $2,000,000,
as individually determined for each of Executive and his Spouse.

            (g) CLAIMS; NO OBLIGATION FOR INSURED BENEFITS. All claims incurred
by Executive or his Spouse for coverage or reimbursement of covered expenses
under the Health Care Plan or the Medical Expense Reimbursement Plan (or any
other welfare benefit plan or program that covers Executive or his Spouse
hereunder) shall be submitted to, and processed by, the employee benefits office
of the Company, unless Executive or, if Executive predeceases his Spouse, his
Spouse, agree in writing to another claims procedure.

                                       13
<PAGE>   14
         3. ASSISTANCE IN LITIGATION.

            If so requested by the Company at any time during the term of this
Agreement after Executive's date of termination of employment with the Company
for any reason other than for Cause (as defined in Section 1(a) hereof),
Executive shall, upon reasonable notice. furnish such information and assistance
to the Company in connection with any litigation, arbitration or other dispute
or controversy in which the Company or any of its affiliates is, or may become,
involved and in which Executive is not involved as an adverse or potentially
adverse party. The assistance described in the immediately preceding sentence
shall be considered the provision of consulting services subject to the per diem
arrangement described in Section 1 hereof.

         4. FACILITY OF PAYMENT.

            If the Executive or his Spouse, as the case may be, shall become
physically or mentally incapacitated, in the opinion of a physician selected
pursuant to the procedures described in Section 1(d) hereof, to receive or
properly receipt for any payment hereunder, the Company may make such payment
(i) to Executive on behalf of his incapacitated Spouse or to Executive's Spouse
on behalf of the incapacitated Executive, as the case may be, or (ii) to the
legal guardian of such incapacitated Executive or Spouse, with each such payment
intended for the use and benefit of the incapacitated Executive or Spouse, as
the case may be. Any such payment made by the Company shall, to the extent
thereof, constitute full and complete acquittance and discharge of the Company's
obligations hereunder. The Company shall have no duty to oversee, or to
otherwise be responsible for, the application of any such payment.

         5. CONFIDENTIAL INFORMATION.

            Executive agrees not to disclose to any person not employed by the
Company, or not engaged to render services to the Company, any confidential
information pertaining to the

                                       14
<PAGE>   15
Company or its subsidiaries which was obtained while Executive was in the employ
of the Company or as the result of performing consulting services hereunder,
including, without limitation, any of the Company's customer lists, pricing and
cost schedules, methods of inventory or distribution, or trade secrets;
provided, however, that this provision shall not preclude Executive from use or
disclosure of information known generally to the public or of information not
considered confidential by persons engaged in the business conducted by the
Company or from disclosure required by law or court order.

            This Section 5 shall not prohibit Executive from contacting any
persons or entities with whom Executive had contact during his employment with
the Company, or conducting any business with any such person or entity to the
extent not inconsistent with the immediately preceding paragraph.

         6. SUCCESSORS.

            (a) ASSIGNMENT BY EXECUTIVE. This Agreement is personal to Executive
and without the prior written consent of the Company shall not be assignable by
Executive otherwise than by will or the laws of descent and distribution. This
Agreement shall inure to the benefit of and be enforceable by Executive's legal
representatives. This Agreement shall further inure to the benefit of
Executive's Spouse as set forth herein.

            (b) ASSIGNMENT BY COMPANY. In the event that any person or entity,
or any group of persons or entities acting in concert (such person, entity or
group being referred to as the "Successor"), proposes to acquire, directly or
indirectly, beneficial ownership of all or substantially all of the stock,
assets or business of the Company, whether such change in ownership or control
is to occur by merger, sale, lease or otherwise, the Company shall require the
Successor, as a condition to consummation of the transaction pursuant to which
the

                                       15
<PAGE>   16
Successor would acquire such beneficial ownership or control, to assume and
agree to perform all duties and obligations of the Company under this Agreement
and the Medical Expense Reimbursement Plan in the same manner and to the same
extent that the Company is required to perform hereunder. Any such express
assumption and agreement to perform shall be evidenced by a written document
which is signed by both the Company and the Successor. If the Company should
fail, for any reason, to obtain the express assumption of its duties and
obligations hereunder by the Successor prior to consummation of the transaction
pursuant to which such succession or change in control occurs, consummation of
such transaction shall in no way release, reduce, limit or otherwise alter the
duties and obligations of the Company under this Agreement, and, furthermore, in
any event this Agreement shall remain fully binding upon and enforceable against
the Company in accordance with its terms and provisions.

         7. GOVERNING LAW.

            This Agreement shall be governed by and construed in accordance with
the laws of the State of Texas, without reference to principles of conflict of
laws.

         8. NOTICES.

            All notices and other communications hereunder shall be in writing
and shall be given by hand delivery to the other party or by registered or
certified mail, return receipt requested, postage prepaid, addressed as follows:

         If to the Executive:     Larry D. Olson
                                  6402 Taimer Ct.
                                  Sugar Land, Texas 77479

         If to the Company:       Kent Electronics Corporation
                                  7433 Harwin Drive
                                  Houston, Texas  77036-2015
                                  Attention:  Board of Directors

                                       16
<PAGE>   17
or to such other address as any party shall have furnished to the other party in
writing in accordance herewith. Notices and other communications shall be
effective when received.

         9. SEVERABILITY.

            Any term or provision of this Agreement which is invalid or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such invalidity or unenforceability without rendering invalid
or unenforceable the remaining terms or provisions of this Agreement or
affecting the validity or enforceability of any of the terms or provisions of
this Agreement in any other jurisdiction. If any provision of this Agreement is
so broad as to be unenforceable or invalid, such provision shall be interpreted
to be only so broad as is enforceable and valid.

         10. WAIVER.

            No term or provision of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any term or
provision of this Agreement, except by a written instrument signed by the party
charged with such waiver or estoppel. No such written waiver shall be deemed a
continuing waiver unless specifically stated therein. Furthermore, unless
specifically stated therein, each written waiver hereunder shall operate only as
to the specific event with respect to which the term or provision was waived,
and shall not constitute a waiver of such term or provision for any past or
future event.

         11. WITHHOLDING.

            The Company may withhold from any amounts payable under this
Agreement such federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation; provided, however, that the
Company shall not be the employer of Executive or his Spouse after the effective
date of Executive's termination from the employ of the

                                       17
<PAGE>   18
Company. The Company shall not withhold any amount for taxes from any payment or
other benefit provided to, or on behalf of, Executive or his Spouse under this
Agreement, except to the extent otherwise required by controlling law or
regulation which cannot be waived.

         12. SAVINGS CLAUSE.

            Should any valid federal, state or local law, or any final
determination of any administrative agency or court of competent jurisdiction,
affect any term or provision of this Agreement, the term or provision so
affected shall be automatically conformed to the law or determination without
the need for an amendment to this Agreement, and otherwise this Agreement shall
continue in full force and effect.

         13. CONSTRUCTION.

            The words "herein," "hereof," "hereunder," and other similar
compounds of the word "here" shall refer to the entire agreement, not to any
particular Section, subsection, term or provision of this Agreement. Whenever
the context so requires, words of the masculine gender used herein shall include
the feminine and neuter, and words used in the singular shall include the
plural. Headings of Sections and subsections as used herein are inserted solely
for convenience and reference and are not to be interpreted as part of the
construction of this Agreement.

         14. AMENDMENT.

            This Agreement may not be amended, modified or terminated other than
by a written agreement executed by the parties hereto or by their respective
successors or legal representatives.

                                       18
<PAGE>   19
         15. COUNTERPARTS.

            This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute one
and the same instrument. It shall not be necessary that any single counterpart
hereof be executed by all parties so long as each party executes at least one
counterpart.

         IN WITNESS WHEREOF, Executive has hereunto set his hand and, pursuant
to the authorization from its Board of Directors, the Company has caused this
Agreement to be executed in its name and on its behalf, all as of the day and
year first above written.

                                             COMPANY:

ATTEST:                                      KENT ELECTRONICS CORPORATION

By:  /s/ Stacy Wood                          By:   /s/ Morrie K. Abramson
    ----------------------------                 -------------------------------
Name: Stacy Wood                             Name:  Morrie K. Abramson
      --------------------------             Title: Chairman of the Board
Title: Executive Assistant
       -------------------------

WITNESS:                                     EXECUTIVE:

By:  /s/ Mark Zerbe
   -----------------------------
Name: Mark Zerbe                               /s/ Larry D. Olson
      --------------------------             -----------------------------------
                                             LARRY D. OLSON

         I, Betty Ellen Olson, as the legal spouse of Larry D. Olson, do hereby
represent that I have read and understood this Agreement and, further, that I
consent to, and agree to abide and be bound by, the terms, provisions,
conditions and limitations contained herein.

WITNESS:                                                  SPOUSE:

By:  /s/ Mark Zerbe
   -----------------------------
Name: Mark Zerbe                               /s/ Betty E. Olson
      --------------------------             -----------------------------------
                                             BETTY ELLEN OLSON

                                       19
<PAGE>   20
THE STATE OF TEXAS       )
                         )
COUNTY OF HARRIS         )

         This instrument was acknowledged before me on October 23, 2000 by
Morrie K. Abramson, Chairman of the Board of Kent Electronics Corporation, a
Texas corporation, on behalf of said corporation.

                                               /s/ Charlene Floyd
                                             ----------------------------------,
                                             Notary Public in and for the
                                             State of Texas

                                             My commission expires:  01-14-04
                                                                    ------------

THE STATE OF TEXAS       )
                         )
COUNTY OF HARRIS         )

         This instrument was acknowledged before me on October 20, 2000 by Larry
D. Olson, an individual, in his personal capacity.

                                               /s/ Charlene Floyd
                                             ----------------------------------,
                                             Notary Public in and for the
                                             State of Texas

                                             My commission expires:  01-14-04
                                                                    ------------

THE STATE OF TEXAS       Section

COUNTY OF HARRIS         Section

         This instrument was acknowledged before me on October 20, 2000 by Betty
Ellen Olson, an individual, in her personal capacity.

                                               /s/ Charlene Floyd
                                             ----------------------------------,
                                             Notary Public in and for the
                                             State of Texas

                                             My commission expires:  01-14-04
                                                                    ------------

                                       20

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