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Employment Agreement

 

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Title:

Employment Agreement

Entities:

OnCourse Technologies, Inc.

Date:

2002

Size:

Preview shows 5KB of 44KB total

Price:

$47

ID:

#953660

 

 


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                              EMPLOYMENT AGREEMENT


By and Between

ONCOURSE TECHNOLOGIES, INC.
As the Employer

And

CHARLES W. BEYER
As the Employee

Dated: December 4, 2000

<Page 60>

EMPLOYMENT AGREEMENT
--------------------

THIS EMPLOYMENT AGREEMENT ("Agreement"), by and between ONCOURSE
TECHNOLOGIES, INC. ("Employer"), a Nevada business corporation having a
registered office at 711 S. Carson, Suite 4, Carson City, Nevada, 89701, and a
principal place of business at 3106 South 166th Street, New Berlin, Wisconsin,
53151, and CHARLES W. BEYER, an individual residing at 1205 Ayrshire Lane,
Waukesha, Wisconsin, 53186-7725, made the day and year last written below and to
be effective as of January 1, 2001.

WHEREAS, the parties hereto desire to provide for the employment of
Employee by Employer and certain of its subsidiaries upon the terms and
conditions herein set forth; and

NOW, THEREFORE, in consideration of the promises and the mutual covenants
and agreements contained herein, the parties hereto mutually agree as follows:

ARTICLE ONE

Term of Employment
------------------

The Employer hereby employs the Employee and the Employee hereby accepts
employment with the Employer as a salaried employee for a period of five (5)
years, commencing on February 1, 2001 and terminating on April 30, 2004, unless
further extended or sooner terminated in accordance with the terms and
conditions of this Agreement. Unless the context otherwise requires, references
to the term of this Agreement shall refer both to the initial term and any
successive terms.

ARTICLE TWO

Duties of Employee
------------------

Section 2.01. Duties. Employer hereby employs Employee as an executive,
------------ -------
consultant, and advisor of Employer, and Employee accepts such employment and
agrees to perform the duties appropriate to such office and such other duties,
consistent with the duties Employee performed for Employer prior to the
effective date of this Agreement, as the Board of Directors of Employer shall
also from time to time direct. During any period in which Employee holds any one
or more offices of Employer, including but not limited to President, Secretary
and/or Treasurer, his duties under this Agreement shall include the duties
appropriate to such office. By way of example and not limitation, Employee
shall, to the extent applicable to him in his activities as Employee or in any
other capacity in which he may serve the Employer, be responsible to:

(a) Assist the Employer in the recruitment of professional and staff
personnel and the development of job standards.

(b) Assist the Employer in supervision of the other executive and
staff personnel of the Employer and evaluation of executive and staff
performance.

(c) Assist the Employer in controlling costs and participate, if
requested by the Employer, in the preparation of operating and capital
budgets (including projections for revenues and expenditures).

(d) Assist the Employer in developing and marketing the Employer's
products and services.

(e) Assist the Employer in obtaining capital and loans.

(f) Maintain and provide to Employer customer records and other
information in a form that permits the information to be validated by
Employer.

<Page 61>

(g) Perform such other functions or duties as from time to time
reasonably directed by the Employer, consistent with the duties Employee
performed for the Employer prior to the effective date of this Agreement,
or as otherwise required by this Agreement.

Section 2.02. Place of Employment. The services of Employee shall be
------------ --------------------
rendered principally at 3106 South 166th Street, New Berlin, Wisconsin, 53151,
and at such other place or places, and such travel as the Board of Directors of
Employer shall reasonably determine; provided, however, that Employee shall in
no event be required to relocate from the New Berlin, Wisconsin area without his
consent.

Section 2.03. Hours of Employment. During the term of this Agreement, the
------------ -------------------

 

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