Exhibit 10(e)
FORM OF SEPARATION AND RELEASE AGREEMENT: NOT RETIREMENT ELIGIBLE
This Separation and Release Agreement (this “Separation Agreement”) is made and entered into by and between Arrow Electronics, Inc., a New York Corporation with its principal office at ______________________________ (“Arrow,” and together with its subsidiaries and affiliates, the “Company”), and _______________ (the “Executive”).
WHEREAS the Executive is eligible to participate in the Arrow Electronics, Inc. Executive Severance Policy (the “Severance Policy”);
WHEREAS the employment of the Executive with the Company shall terminate effective ___________ (the “Separation Date”);
WHEREAS the parties agree that the Executive’s termination constitutes a termination without Cause for purposes of the Severance Policy;
WHEREAS the parties have decided to resolve any and all disputes which may presently exist or which may later arise out of the circumstances surrounding the Executive’s employment with or termination from the Company;
NOW, THEREFORE, in consideration of the premises and mutual promises herein contained, the parties agree as follows:
1 Note to Company: Insert “twenty-four (24)” for the Chief Executive Officer and “eighteen (18)” for other Executive Committee Members.
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If to the Company:
Attention: _______________
If to the Executive:
_______________
_______________
_______________
Or such other address as either party may have furnished to the other in writing in accordance herewith, except that a notice of a change of address shall be effective only upon receipt.
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For the avoidance of doubt, the Executive’s Restrictive Covenants Agreements attached hereto as Exhibits B and C are separate from the subject matter of this Separation Agreement, and the parties intend for them to remain in effect. In the event of any conflict between this Separation Agreement and the Executive’s Restrictive Covenants Agreements, except subject to Paragraph 18 or as described in Paragraph 26, the parties intend for the Executive’s Restrictive Covenants Agreements to control. In the event of any conflict between the Restrictive Covenant Agreements, the parties intend that the provision that is most protective of the Company’s interests shall control.
[Signature page follows]
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Please indicate the Executive’s agreement to the foregoing by signing, dating, and returning a copy of this Separation Agreement to ________________________ Arrow Electronics, Inc. The Company will sign and return a copy of the fully executed Separation Agreement to the Executive’s address, referenced above.
IN WITNESS WHEREOF, the parties have hereunto set their hands the day and date written below.
Agreed, acknowledged, and accepted:
EXECUTIVE


Date
ARROW ELECTRONICS, INC.

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EXHIBIT A
RELEASE OF CLAIMS
___________ (the “Executive”) hereby executes this Release of Claims (this “Release”) as of the date hereof, pursuant to the terms of the Separation and Release Agreement between the Executive and Arrow Electronics, Inc., a New York Corporation with its principal office at ______________________ (“Arrow” and, together with its subsidiaries and affiliates, the “Company”), to which this Release is attached (the “Separation Agreement”). The Separation Agreement provides the Executive with certain significant benefits, subject to the Executive’s executing this Release (among other conditions set forth in the Separation Agreement) and, where applicable, not revoking it. The Executive and the Company have also entered into Restrictive Covenants Agreements (the “Restrictive Covenants Agreements”) pursuant to the terms of the Severance Policy and the Executive Change in Control Retention Agreement.
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BY THE EXECUTIVE’S SIGNATURE BELOW, THE EXECUTIVE ACKNOWLEDGES THAT:
IN WITNESS WHEREOF, the Executive has acknowledged, executed, and delivered this Release as of the date indicated below.
EXECUTIVE


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