Irrevocability. A Participant’s deferral election under this [Article III] shall be irrevocable after the last date prescribed under [Section 3.2] for the making of such election; provided, however, that such election may be revoked if necessary in order to permit a hardship withdrawal of [section 401(k)] contributions under the Arrow Electronics Savings Plan (or any similar plan of the Company or any Subsidiary) prior to age 59-1/2, or in the event of an Unforeseeable Emergency permitting distribution under [Section 5.5] hereof.

Irrevocability of Election. A Director’s election to defer all or any portion of his or her Eligible Compensation for any Year shall be irrevocable upon receipt by the Secretary of a completed Election Form from the Director.

Irrevocability; Manner of Exercise. The power of attorney granted pursuant to [Section 12.1]:

At the termination of Employee’s employment by Albany, either on the Separation Agreement or earlier for any reason except Cause, and after the irrevocability of this Agreement, Albany agrees to provide Employee the following severance benefits. Employees acknowledges and agrees that these severance benefits constitute adequate legal consideration for the promises and representations made by her in this Agreement, including the covenants set forth in paragraphs 12, 14, 15, and 16, and are in lieu of any benefits payable under any severance plan or agreement now in existence or adopted prior to the Separation Date:

The Parties hereby acknowledge and agree that this Addendum is made and entered into by the Company in reliance on the finality and irrevocability of the ​’ consent, given by Gabriel Capital’s execution hereof, to accept the arrangements set forth herein as full and final satisfaction of their rights under the Agreement in connection with the Rights Offering and the Exercise of Rights, and their irrevocable waiver hereby of any claim for rights, equity or compensation in connection with said Rights Offering and Exercise of Rights, beyond those set forth in [Section 2] above.

Albany will pay Employee her gross monthly salary in effect as of the Separation Date, less applicable withholdings and deductions required by law or otherwise agreed to by the parties, for a period of twenty-four (24) months (the “Severance Period”). Payment will be made in regular monthly installments by check, or direct deposit beginning on the first regular payday following the Separation Date and irrevocability of this Agreement (and may contain a pro rata payment to account for any prepaid, but unearned salary). In the event Employee dies before the last payment is made hereunder, the balance of such payments shall be paid to her spouse or, if she shall have no such spouse at that time, to her estate.

Mutual Release; Payment. The payments and benefits provided for in [Section 5] (other than those required by law) shall be conditioned on # the Executive’s continued compliance with the obligations of the Executive under [Sections 9 and 10]0] and # the effectiveness and irrevocability of a full mutual release, executed by the Company and the Executive or, in the event of his death, his estate, of all claims that the Executive, his heirs and assigns may have against the Company, its affiliates and subsidiaries and each of their respective directors, officers, employees and agents, and of all claims that the Company shall have against the Executive, his heirs and assigns, in a form reasonably acceptable to the Company and the Executive (the “Release”). The Release must become enforceable and irrevocable on or before the sixtieth (60th) day following the Termination Date. If the Executive (or his estate) fails to execute without revocation the Release, he shall be entitled to the Accrued Obligations only and no other benefits. The installments of severance provided under [Section 5(c)(ii)] shall commence in the calendar month following the month in which the Release becomes enforceable and irrevocable. If, however, the sixty (60) day period in which the Release must become enforceable and irrevocable begins in one year and ends in the following year, the Company shall commence payment of the severance installments in the second year in the later of January and the first calendar month following the month in which the Release becomes effective and irrevocable. The first installment shall include, however, all amounts that would otherwise have been paid to the Executive between the Termination Date and the Executive’s receipt of the first installment, assuming the first installment would otherwise have been paid in the month following the month in which the Termination Date occurs. Any Unpaid and Pro-Rata Bonuses payable in [Section 5] shall be paid on the later of when annual bonuses are paid to other senior executives of the Company generally, or when condition # above is fulfilled.