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

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between ePlus inc. and Mark P. Marron. Effective June 10, 2015, Mr. Marron's base annual salary is set at $525,000, with the possibility of future increases. All other terms of the original agreement remain unchanged. The amendment is signed by both parties and takes effect as of June 9, 2015.

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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 August 1, 2013.  The Parties hereby agree to this Amendment #1 ("Amendment #1"), to be effective June 9, 2015.

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

(a)
Effective June 10, 2015, Executive shall receive a base annual salary of five hundred twenty-five thousand ($525,000 Dollars), which may be increased from time to time.

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



/s/ Phillip G. Norton
  
/s/ Mark P. Marron
Phillip G. Norton
  
Mark P. Marron
Chief Executive Officer and President
Chief Operating Officer
       
Date:
June 15, 2015
Date:
June 15, 2015