CareerTek.Org Inc. VP Marketing Employment Term Sheet with Anthony Harnett

Summary

CareerTek.Org Inc. offers Anthony Harnett the position of VP Marketing under a three-year contract, with a 90-day probation period. Harnett's responsibilities include developing marketing programs, managing sales, and reporting to the executive team. Compensation includes a base salary with performance-based escalations, reimbursement of approved expenses, and share bonuses tied to revenue targets and tenure. The agreement also provides for additional incentives and a 5% commission on certain business. Either party may terminate the contract with 90 days' notice. Benefits are provided per company policy.

EX-10.3 13 0013.htm Exhibit 10.3

CareerTek.org Inc. 170 Atwell Drive, Suite 640 Toronto, Ontario M9W 3Z3 ###-###-#### (T) 416 ###-###-#### (F) ***@*** October 12, 2000 Mr. Tony Harnett RR#1 Alton, ON LON 1AO VIA Hand Delivery Dear Mr. Harnett RE: Summary Term Sheet for Position of VP Corporate Sales: CareerTek.Org Inc The purpose of this letter is to propose the general terms and conditions of a contract with you, as follow: Job Title: VP Marketing 1. Responsibilities: o Develop and Drive a Marketing Program that results in "Usage Contracts" with particularly Canadian Top 100 and Fortune 500 Corporate for JobFit profiles. o Negotiate favorable revenue sharing Agreements wit "other marketing agents" o Manage and Develop in House Sales Force o Develop, Create, and Produce materials and training programs to support sales and marketing of the Company's three key products: jobFit, careerFit, studentFit. o Operate within established budgetary parameters. o File concise weekly results 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 share in the personal and financial rewards wrought by outstanding performance. o Provide mentoring and instruction to other employees. o Manage Specialized Marketing projects 2. Compensation: A package based on performance objectives as follows: o Base Salary: 90 day probation period: $5,000.00 per month paid 50% at the 15% and last day of the month Escalations in salary based on attaining performance revenue objectives for a three-month running average as follows: >> At $20,000/month add $1,000.00 per month for $6,000 >> At $50,000/month add $1,000.00 per month for $7,000 >> At $100,000/month add $1,500.00 per month for $8,500 >> At $150,000/month add $1,500.00 per month for $9,000 >> At $200,000/month add $1,500.00 per month for $10,500 >> At #250,000/month add $1,500.00 per month for $12,500 o Out of pocket expenses as approved reimbursed 100% o Signing Bonus: 50,000 common shares of the company vested upon completion of one-year continuous service. Second to fifth annual anniversary share bonuses of 50,000 common shares. o "Special" Shares Bonuses: Based on revenue generated by all gross sales for a three month running average as follows: >> At $20,000/month - 5,000 shares >> At $50,000/month - 5,000 shares / 10,000 total >> At $100,0000/month - 5,000 shares / 15,000 total >> At $150,000/month - 5,000 shares / 20,000 total >> At $200,000/month - 5,000 shares / 25,000 total o Additional Share, Cash Incentive, and/or Option Plan Bonuses per programs instituted by Board Of Directors form time to time o Special Proviso for 5% override commissions on business generated through ADP and ADP relationships. 3. Term: Three (3) Years subject to termination on 90 days notice. 4. Initiation Date: ASAP 5. Benefits: In accordance with corporate plans if any in effect. If this proposal is acceptable to you kindly so indicate below and provide a copy to us. Sincerely, Accepted: /s/ Mark L. Galligan /s/ Anthony Harnett Mark L. Galligan Anthony Harnett Principal