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Exhibit 10(ff)
AMENDMENT NO. 1 TO CHANGE OF CONTROL AGREEMENT
AND NON-COMPETITION AGREEMENT
THIS AMENDMENT NO. 1 TO CHANGE OF CONTROL AGREEMENT AND
NON-COMPETITION AGREEMENT ("Amendment") by and between
Pioneer-Standard
Electronics, Inc., an Ohio corporation (the "Company"), and Richard
A. Sayers
(Employee"), is dated as of the 30th day of January, 2003.
WHEREAS, the Company and the Employee are parties to a Change
of
Control Agreement dated as of February 25, 2000 (the "Change of
Control
Agreement"); and
WHEREAS, the Company and the Employee are parties to a
Non-Competition
Agreement dated as of February 25, 2000 (the "Non-Competition
Agreement"); and
WHEREAS, the Company and the Employee desire that certain
modifications be made to the Change of Control Agreement, in
consideration for
which the Company and the Employee have agreed to certain
modifications to the
Non-Competition Agreement; and
WHEREAS, Section 8(c) of the Change of Control Agreement and
Section 9
of the Non-Competition Agreement permit the parties thereto to
amend such
agreement, respectively, in a writing signed by each party.
1
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NOW, THEREFORE, in consideration of the parties' mutual desire
to
modify the Change of Control Agreement and the Non-Competition
Agreement, and
the mutual covenants herein contained, the parties agree as follows
effective as
of the date of execution of this Agreement:
PART I - CHANGE OF CONTROL AGREEMENT
Part I of this Amendment shall amend the terms of the Change of
Control Agreement as set forth herein. Capitalized terms used in
this Part I not
otherwise defined shall have the meanings ascribed to them in the
Change of
Control Agreement.
1. The introductory paragraph to Section 3.1 of the Change of
Control
Agreement shall be deleted, and the following shall be inserted
therefor:
"3.1. Without Cause. If, at any time prior to the date that is
twelve
(12) months subsequent to the Effective Date, the Employee's
employment with the Company shall be terminated either (i) by
the
Company without Cause, or (ii) by the Employee for Good Reason,
in
accordance with Section 3.4 below:"
2. Section 3.2 of the Change of Control Agreement shall be
deleted,
and the following shall be inserted therefor:
"3.2. Cause or Voluntary Termination. If the Employee's
employment