EXHIBIT 10.19
SCHEDULE "A"
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THIS ADDENDUM has been made effective as of the 1 day of December, 2004.
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This Schedule supersedes any previous Schedule "A" attached hereto for reference
and forms an integral part of the entire Key Principal Employment Agreement
originally entered into by the Company and Principal.
This Addendum has been made pursuant to a certain performance evaluation or
position review conducted by Operations - Human Resources in conjunction with
the Board of Directors of the Company.
Recital B. and Paragraph 2. Engagement
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Description of the Employee's skills and services:
- See original Schedule "A" dated April 1, 2001
Employee's Position & Title:
- Vice President Product Manager
Employee's Duties & Responsibilities:
- Provide the product definition and requirements planning process for
specific product releases (Functional Specifications).
- Document and communicate release-specific feature and performance
requirements, user scenarios, and acceptance criteria.
- Work in close partnership with cross-functional teams (e.g., network,
operations, pricing, underwriting, information services, sales, legal) to
help orchestrate product releases, make trade-off's, establish priorities,
and resolve feature implementation issues.
- Collaborate with product marketing on solution positioning, value
proposition, market segmentation, customer qualification, and sales tools.
- Collaborate with sales and sales support to identify opportunities for
differentiation and competitive advantage.
- Work with an engineering counterpart to define product release requirements
- Work with marketing communications to help define the go-to-market strategy
understanding the product positioning, key benefits, and target customer,
and ensure that key messages and programs are consistent with the solutions
strategy.
- Assist in refinement of the product roadmap taking into account the market,
competition, customer needs, and business objectives.
- Assist market intelligence with the creation of regional competitive
bulletins and executive summaries on market trends.
- Work with the market research team to gather and prioritize market and
customer requirements via customer interaction and market research.
- Direct user research to define user needs and provide feedback.
- Lead usability testing and the translation of these results into
requirements.
Paragraph 6. Term
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Commencement Date: December 1, 2004
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Evaluation Date: May 1, 2005
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Paragraph 7. Remuneration
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Description of the Employee's Remuneration and terms of payment, etc.:
(a) Wages: $90,000.00 CAD per annum
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(b) Employee Stock Options, if any:
- Terms and conditions of any Stock Grants or Stock Options will be provided
for and governed by a separate and independent agreement issued by its parent
company (the "Stock Agreement")
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- If the Principal is terminated or resigns for any reason, the treatment if
any issued Stock Grants or Stock Options after such termination or resignation
will be determined and governed by such Stock Agreement issued by its parent
company.
(c) Bonuses: To be determined on performance on an annual basis to be
solely determined by direct management or Board of Directors of the Company.
Paragraph 8. Benefits
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Description of the Benefits available:
- Full Medical & Dental Benefits
- Full Travel and Key Man Insurance of $1,000,000.00
- Full Directors & Officers Liability Insurance
Paragraph 9. Holidays
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Number of weeks of holiday available to the Employee:
- 4 weeks holiday
- Statutory holidays
Paragraph 10. Expenses and Automobile
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The Company agrees to pay Employee mileage at the rate of $_____ per
kilometre for his use of the Employee's vehicle for Company business or $______
per month whichever is greater.
- Principal has up to $2,000.00 a month in personal expense allowance as a
taxable benefit. Principal must provide for valid receipts at the end of
each month prior to reimbursement. Source income/benefit deductions will
not be deducted immediately from such personal expense allowance until the
end of each fiscal year.
- Principal may submit valid receipts for reasonable meals, gasoline and
travel expenditures that are directly attributed to the normal course of
business of the Company.
- At the financial affordability of the Company, the Principal may at his
election, be provided with a lease vehicle of no greater than $750 per
month in lease payments every three years and the Company agrees to provide
such vehicle and all necessary maintenance, up-keep and insurance coverage
for his sole use. The Principal agrees that such lease vehicle will be the
property of the Company during his use and in the event of his termination
or resignation, the Principal shall have an option to purchase or assume
the lease vehicle from the Company under terms to be mutually determined by
the Principal and the Company at the time of such event. In the event the
Company can not afford to provide such lease vehicle during the duration of
the Term of the Agreement, the Principal agrees that he cannot claim for
any past loss of this benefit.
- Reasonable Parking Disbursement or facilitation of parking space.
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Special Particulars (If any)
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- Security Level (Black). - Principal has complete access to sensitive level
networking, design and project operations.
- Principal has special authorization to have complete access and attendance
to all Board Meetings conducted by the Board of Directors of the Company or
Board of Directors of its Parent Company.
- Principal cannot conduct third party consultation work, carry out
part-time employment or contract assignments similar to that of the projects or
operations of the Company. Principal understands and agrees that the Company may
at its sole right without notice, terminate the employment of the Principal in
the event a breach of this particular is discovered with prior disclosure or
authorization as specifically described herein.
AGREED AND ACCEPTED TO:
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
Vice President Product Manager
AGREED AND ACCEPTED TO:
_________________________________ ________________________________
Authorized Signatory - Human Resources Authorized Signatory -
Officer / Director
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