Amendment No. 1 to Employment Agreement between ePlus inc. and Phillip G. Norton

Summary

This amendment updates the employment agreement between ePlus inc. and Phillip G. Norton, extending the employment term to run from October 1, 2011, through July 31, 2014. No other terms of the original agreement are changed by this amendment. The amendment is effective as of August 1, 2012, and is signed by both parties.

EX-10.5 6 ex10-5.htm AMENDMENT 1 NORTON ex10-5.htm
 
 
AMENDMENT #1 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 (the “Agreement”), effective October 1, 2011.  The Parties hereby agree to this Amendment #1 (“Amendment #1”), to be effective August 1, 2012.

1.           Paragraph 2(b) of the Agreement shall be replaced in its entirety with the following:

(b)  
“Employment Term” shall be the period from October 1, 2011, through and including July 31, 2014.

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



 
/s/ C. Thomas Faulders
 
/s/ Phillip G. Norton
 
C. Thomas Faulders
 
Phillip G. Norton
 
Lead Independent Director
Chief Executive Officer and President
 
Date:
   August 2, 2012
Date:
   August 3, 2012