Attached files
| file | filename |
|---|---|
| 8-K - NU HORIZONS ELECTRONICS CORP | v183158_8k.htm |
| EX-3.1 - NU HORIZONS ELECTRONICS CORP | v183158_ex3-1.htm |
| EX-99.1 - NU HORIZONS ELECTRONICS CORP | v183158_ex99-1.htm |
| EX-10.4 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-4.htm |
| EX-10.3 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-3.htm |
| EX-10.2 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-2.htm |
| EX-10.1 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-1.htm |
| EX-10.6 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-6.htm |
| EX-10.5 - NU HORIZONS ELECTRONICS CORP | v183158_ex10-5.htm |
FIRST
AMENDMENT TO THE
NU
HORIZONS ELECTRONICS CORP.
EXECUTIVE RETIREMENT
PLAN
WHEREAS, Nu Horizons
Electronics Corp. (the “Company”) has established the Nu Horizons Electronics
Corp. Executive Retirement Plan effective March 28, 2005 (the “Plan”);
and
WHEREAS, the Board of
Directors of the Company desires to amend the Plan to clarify the definition of
the term “Retirement” as provided therein;
NOW, THEREFORE, by virtue and
in exercise of the power reserved to the Board of Directors of the Company by
Section 6.1 of the Plan and pursuant to the authority delegated to the
undersigned officer of the Company by the Board of Directors, the Plan be and is
hereby amended, effective April 28, 2010, in the following
particulars:
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1.
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By
amending in its entirety the definition of “Retirement” at Section 2.14 of
the Plan and replacing it with the
following:
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“2.14
“Retirement” shall mean (solely for the purposes of this Plan) (i) for Founders,
a “separation from service,” as such term is defined in Code Section 409A, the
Treasury Regulations promulgated thereunder, and/or any other applicable
pronouncements issued by the Internal Revenue Service, other than by reason of
death or for Cause, following such Participant’s attainment of a minimum of
fifty-six (56) years of age with a minimum of twenty (20) years of continuous
Company service; provided, however, that with respect to Arthur Nadata only, the
term “Retirement, shall also include the death of Arthur Nadata or his
“disability,” as such term is defined in Code Section 409A, the Treasury
Regulations promulgated thereunder, and/or any other applicable pronouncements
issued by the Internal Revenue Service, or (ii) for any other Participant, an
authorized “separation from service,” as such term is defined in subparagraph
(i) above, other than by reason of death or for Cause, following such
Participant’s attainment of a minimum of sixty (60) years of age with a minimum
of twenty (20) years of continuous Company service.”
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Except
as otherwise provided herein, all of the terms and conditions of the Plan
are hereby ratified and shall remain in full force and
effect.
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IN WITNESS WHEREOF, the Board
of Directors of the Company has caused this amendment to be executed by the
undersigned duly authorized officer of the Company this 28th day of
April, 2010.
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Nu
Horizons Electronics Corp.
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By:
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/s/ Kurt Freudenberg
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