Amendment No. 1 to Amended and Restated Employment Agreement between ePlus inc. and Elaine D. Marion

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Summary

This amendment updates the employment agreement between ePlus inc. and Elaine D. Marion, effective June 9, 2015. The main change is an increase in Ms. Marion's base annual salary to $415,000, effective June 10, 2015. All other terms of the original agreement remain unchanged.

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EX-10.3 4 ex10-3.htm MARION AMENDMENT NO. 1 TO A&R EMPLOYMENT AGREEMENT
EXHIBIT 10.3
 
AMENDMENT #1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT


ePlus inc. (the "Company"), a Delaware corporation, and Elaine D. Marion (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 four hundred fifteen thousand ($415,000 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/ Elaine D. Marion
Phillip G. Norton
  
Elaine D. Marion
Chief Executive Officer and President
Chief Financial Officer
       
Date:
June 15, 2015
Date:
June 12, 2015