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