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Employment Agreement

 

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Title:

Employment Agreement

Entities:

OnCourse Technologies, Inc.

Date:

2002

Size:

Preview shows 6KB of 42KB total

Price:

$45

ID:

#953662

 

 


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                              EMPLOYMENT AGREEMENT

By and Between
TEKSOFT, INC.
As the Employer
And
GARY L. FULTON
As the Employee

Dated: January 10th, 2000

<Page 80>

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

THIS EMPLOYMENT AGREEMENT ("Agreement"), by and between TEKSOFT, INC.
("Employer"), an Arizona corporation having a principal place of business 16121
N 78th Street #101 Scottsdale, AZ 85260 and GARY L. FULTON, an individual
residing at 6001 East Beryl, Scottsdale, Arizona, 85253, made the day and year
last written below and to be effective as of January 1, 2000.

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

WHEREAS, OnCourse Technologies, Inc. ("Parent"), a Nevada corporation with
a principal office at 3106 South 166th Street, New Berlin, Wisconsin, 53151, is
the sole shareholder of Employer.

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 January 1, 2000 and terminating on January 31, 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, advisor and systems designer and programmer 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) Maintain and provide to Employer customer records and other
information in a form that permits the information to be validated by
Employer.

<Page 81>

(f) 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 16121 N 78th Street #101 Scottsdale, AZ 85260, and at
and 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 Scottsdale Arizona area without his
consent.

Section 2.03. Hours of Employment. During the term of this Agreement, the
------------ -------------------
Employee shall devote during the normal business hours designated by the
Employer a minimum of forty (40) hours per week to the business of the Employer,
except for holidays, authorized sick leave, and vacation time as provided below.

 

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