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

Contract Categories: Human Resources › Employment Agreements
Summary

ePlus inc. and its Chief Executive Officer, Mark P. Marron, have agreed to amend their existing employment agreement. Effective June 8, 2017, Mr. Marron's base annual salary is set at $750,000, with the possibility of future increases. No other terms of the original agreement are changed by this amendment.

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EX-10.1 2 ex10-1.htm MARRON AMENDMENT NO. 1 TO A&R EMPLOYMENT AGREEMENT
Exhibit 10.1
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, 2016.  The Parties hereby agree to this Amendment #1 ("Amendment #1"), to be effective June 8, 2017.

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

(a)
Effective June 8, 2017, Executive shall receive a base annual salary of seven hundred fifty thousand ($750,000 Dollars), which may be increased from time to time.

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



/s/ John E. Callies    /s/ Mark P. Marron 
John E. Callies
  
Mark P. Marron
Chairman, Compensation Committee
Chief Executive Officer and President
       
Date:
  June 12, 2017
Date:
  June 12, 2017