SEC Contract Filing

Filing Date: 2015-06-15

Document Content:
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<TYPE>EX-10.3
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<DESCRIPTION>MARION AMENDMENT NO. 1 TO A&R EMPLOYMENT AGREEMENT
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<div style="TEXT-ALIGN: right; FONT-WEIGHT: bold">EXHIBIT 10.3</div>

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<div style="TEXT-ALIGN: center"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AMENDMENT #1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><br>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">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&amp;R Agreement"), effective August 1, 2013.&#160; The Parties hereby agree to this Amendment #1 ("Amendment #1"), to be effective June 9, 2015.</div>

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<div style="TEXT-ALIGN: left; MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">1.</font><font style="FONT-SIZE: 6pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Paragraph 5(a) of the A&amp;R Agreement shall be replaced in its entirety with the following:</font></div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">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.</div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">No other provision of the A&amp;R Agreement is affected by this Amendment #1.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">/s/ Phillip G. Norton</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">/s/ Elaine D. Marion</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Phillip G. Norton</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Elaine D. Marion</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Chief Executive Officer and President</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">June 15, 2015</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">June 12, 2015</div>
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