Amendment No. 3 to Employment Agreement between ePlus inc. and Phillip G. Norton
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Summary
This amendment updates the employment agreement between ePlus inc. and Phillip G. Norton, extending the term of employment through July 31, 2016. All other terms of the original agreement and previous amendments remain unchanged. The amendment is effective as of February 14, 2014, and is signed by both parties.
EX-10.1 3 ex10-1.htm NORTON AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT ex10-1.htm
EXHIBIT 10.1
AMENDMENT #3 TO EMPLOYMENT AGREEMENT
ePlus inc. (the “Company”), a Delaware corporation, and Phillip G. Norton (the “Executive”) (collectively, “the Parties”) have previously entered into an Employment Agreement, effective October 1, 2011, Amendment #1, effective August 1, 2012, and Amendment # 2, effective July 1, 2013. The Employment Agreement, Amendment # 1 and Amendment #2 are collectively referred to herein as “the Agreement.” The Parties hereby agree to this Amendment #3 (“Amendment #3”).
1. Paragraph 2(b) of the Agreement shall be replaced in its entirety with the following:
| (b) | “Employment Term” shall be the period from October 1, 2011, through and including July 31, 2016. |
No other provision of the Agreement is affected by this Amendment #3.
| /s/ John E. Callies | /s/ Phillip G. Norton | |||
| John E. Callies | Phillip G. Norton | |||
| Chairman, Compensation Committee | Chief Executive Officer and President | |||
| Date: | February 14, 2014 | Date: | February 14, 2014 | |
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