Amendment No. 1 to Amended and Restated Employment Agreement between ePlus inc. and Mark P. Marron

Contract Categories: Human Resources › Employment Agreements
Summary

ePlus inc. and its Chief Executive Officer, Mark P. Marron, have agreed to amend their existing employment agreement. Effective July 16, 2018, this amendment increases Mr. Marron's base annual salary to $800,000, effective retroactively from April 1, 2018. All other terms of the original employment agreement remain unchanged.

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EX-10.2 3 ex10-2.htm MARRON AMENDMENT NO 1 TO A&R EMPLOYMENT AGREEMENT
EXHIBIT 10.2
 
AMENDMENT #1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT


ePlus inc. (the "Company"), a Delaware corporation, and Mark P. Marron (the "Executive") (collectively, the "Parties") have previously entered into an Amended and Restated Employment Agreement (the "A&R Agreement"), effective September 6, 2017, and executed by Executive on November 20, 2017, and the Company on December 12, 2017.  The Parties hereby agree to this Amendment #1 ("Amendment #1"), to be effective July 16, 2018.

1. Paragraph 5(a) of the A&R Agreement shall be replaced in its entirety with the following:

(a)
Effective April 1, 2018, Executive shall receive a base annual salary of eight hundred thousand dollars ($800,000), which may be increased from time to time.

No other provision of the A&R Agreement is affected by this Amendment #1.



/s/ Barbara Tiano
  
/s/ Mark P. Marron
Barbara Tiano, Vice President Human Resources
On behalf of John E. Callies
  
Mark P. Marron
Chairman, Compensation Committee
Chief Executive Officer and President
 
       
Date:
July 16, 2018
Date:
July 16, 2018