Employment Agreement for Director of Client Services between PSITEK Inc./CareerTek.Org Inc. and Dr. Peter G. Donnelly
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Summary
This agreement outlines the terms of Dr. Peter G. Donnelly’s full-time employment as Director of Client Services at PSITEK Inc. and CareerTek.Org Inc. Dr. Donnelly will develop psychometric software, manage operations, and oversee staff. He will receive a base salary of $5,000 per month, increasing to $12,000 after a successful IPO, along with share bonuses and benefits. The contract is for three years, with four weeks of paid vacation annually and additional incentives as approved by the board. Employment begins upon acceptance of the offer.
EX-10.1 11 0011.htm Exhibit 10.1
Mark L. Galligan Hunters Ridge, P.O. Box 39, Creemore, Ontario, Canada LOM 1GO ###-###-#### (T) 705 ###-###-#### (F) ***@*** January 1, 2000 Dr. Peter G. Donnelly 56B Washington Crescent Elliot Lake Ontario P5A 2S4 RE: Definitive Term Sheet for Position of Director of Client Services: PSITEK Inc. / CareerTek.Org Inc. VIA Hand Delivery Dear Dr. Donnelly: The purpose of this letter is to set forth and confirm the specific terms and conditions of your full time employment contract. If you accept this proposal, PSITEK Inc. / CareerTek.Org. (the "Company") will appoint you, Director of Client Services. Job Description: Director of Client Services 1. Responsibilities: o Develop and Create Psychometric Screening Software Program(s). These programs will be the property of the Company and will represent the key product and service sold by the Company. o Develop and maintain a statistical infrastructure to support the Company's products. o Manage, Audit, Monitor the products Sold and Marketed by the Company. o Manage 24/7 Web Site Results Processing Operations o Recruit, Train, and Supervise additional Professional Psychologists and support staff. o Develop, Create, and Produce materials to support sales and marketing of the Company's three key Branded products: jobFit, careerFit, studentFit, and their sub-Brand(s). Attend to Marketing Presentations when necessary. o Operate within established budgetary parameters. o File monthly result reports on appropriate topics and activities. o File monthly summary reports for presentation to Executive Committee or Board of Directors. o From a team - centered concept, assist all Company employees in creating a value centered workplace where employees, managers, and shareholders will participate in the personal and financial rewards wrought by outstanding performance. o Provide training, mentoring, and instruction to employees when necessary. o Manage Product Development Projects o Manage the security, utilization, and applications of the Company's database. o Integrate it systems and reports. o Represent the Company in Professional Environs and Conferences. o Manage and conduct quality control reviews of on line products. 2. Compensation: o Base Salary: $5,000.00 per month paid on the first business day of the month: o Escalations in Salary: Concurrent with the successful completion of an Initial Public Offering an increase in monthly salary to: $12,000.00. o Vesting of "Special" Shares Program: The unconditional vesting of 250,000 of those shares designated by the Company as "Special Shares" providing for the delivery of Common Shares to the Holder of the Special Shares, based upon published table of fully diluted earnings EBIT. o Annual Anniversary Share Bonus: 25,000 Common Shares (Unrestricted) o Additional Share, Cash Incentive, or Option Plan Bonuses per programs instituted by Board Of Directors o Vacation Policy: Four weeks of paid vacation each calendar year, which vacation weeks shall not accumulate beyond and eighteen month period, and which vacation is intended to be utilized in two week intervals. o Individual and dependent Group Insurance Benefits as approved by the Board of Directors. 3. Term: Three (3) Years 4. Initiation Date: Upon Acceptance Confirm your acceptance of the Company's proposal of this full time Employment Contract by singing below. Sincerely, /s/ Mark L. Galligan /s/ Peter G. Donnelly Mark L. Galligan Peter G. Donnelly CEO & Director D. Gordon Badger