Amendment No. 4 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, the company's Chief Executive Officer and President. Effective June 10, 2015, Mr. Norton's base annual salary is set at $795,000, with annual reviews by the Compensation Committee and potential for increases. All other terms of the original agreement remain unchanged.

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EX-10.1 2 ex10-1.htm NORTON AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT
EXHIBIT 10.1
 
AMENDMENT #4 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 and amendments, as follows, collectively referred to as the "Agreement."

Effective Date
  
Document
October 1, 2011
  
Employment Agreement
August 1, 2012
  
Amendment #1
July 1, 2013
  
Amendment #2
February 14, 2014
  
Amendment #3

The Parties hereby agree to this Amendment #4 ("Amendment #4").

1.            Paragraph 5(a) of the Agreement shall be replaced in its entirety with the following:
 
 (a)
Effective June 10, 2015, Executive shall receive a base annual salary of seven hundred and ninty-five thousand ($795,000 Dollars).  The salary will be reviewed by the Company's Compensation Committee on an annual basis, and may be increased from time to time.

No other provision of the Agreement is affected by this Amendment #4.


Signed:  /s/ John E. Callies                                                                                  
  
Signed:  /s/ Phillip G. Norton                                                                                        
John E. Callies
  
Phillip G. Norton
Chairman, Compensation Committee
Chief Executive Officer and President
   
Date:  June 11, 2015
Date: June 15, 2015