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 November 14, 2019. It adds a provision allowing Ms. Marion to be reimbursed once per company fiscal year for participation in the Johns Hopkins Executive Physical Program or a similar diagnostic program, provided she is covered under the company's health plan and submits proper documentation. All other terms of the original agreement remain unchanged.
EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1
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 September 6, 2017, and executed by Executive on November 20, 2017, and the Company on December 12, 2017. The Parties hereby agree to this Amendment #1 (“Amendment #1”), to be effective November 14, 2019.
1. The following Paragraph 5(g) will be added to the A&R Agreement:
Provided that the Executive is covered under the Company's group health plan, the Executive shall be entitled to reimbursement by the Company for his participation in the Johns Hopkins Executive Physical Program or an equivalent diagnostic program, one time per company fiscal year during the term of employment on a date(s) of the Executive’s choosing. To be entitled for reimbursement, the Executive must promptly submit a request for reimbursement, with reasonable documentation. The Company will promptly provide reimbursement upon receipt of said promptly submitted documentation.
No other provision of the A&R Agreement is affected by this Amendment #1.
| /s/ Barbara Tiano | /s/ Elaine D. Marion | |||
| Barbara Tiano | Elaine D. Marion | |||
| VP Human Resources | Chief Financial Officer | |||
| On behalf of John E. Callies | ||||
| Chairman, Compensation Committee | ||||
| Date: | November 18, 2019 | Date: | November 15, 2019 | |
