Sample Business Contracts


Employment Agreement - enCommerce Inc. and Paul Doscher

Employment Forms

  • Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
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  • Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
  • Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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                                    May 5, 2000


Paul Doscher
2901 Patrick Henry Drive
Santa Clara, California
95054

Dear Paul:

     We are pleased to confirm our job offer of Senior Vice President,
enCommerce, Inc., a fully owner subsidiary of Entrust Technologies Inc.
("Entrust") and Executive Vice President, Marketing and Business Development of
Entrust reporting to John Ryan, President and CEO of Entrust.  This offer is
subject to the closing of the proposed merger between the Company and Entrust
(the "Closing") pursuant to the Agreement and Plan of Merger of dated April 18,
2000 among, inter alia, the Company, and Entrust (the "Merger Agreement"). After
            ----- ----
Closing you will also be appointed an Officer of Entrust.

     Your responsibilities will include leadership of the global marketing,
channel programs, and business development activities of the Entrust
Technologies, Incorporated.

     Your base salary, on an annualized basis, will be $200,000 US, which will
be paid biweekly.  Your salary and performance will be subject to review on an
annual basis, generally conducted in January of each year.

     Any stock options granted to you by the Company prior to the Closing will
be converted into stock options for the acquisition of common stock of Entrust
Technologies Inc. in the manner provided for in the Merger Agreement and subject
to the applicable stock option plan.

     You will also be eligible to participate in the executive bonus plan
according to its terms, which for 2000 is equivalent to a potential payment of
up to $100,000 on an annualized basis.  The first incremental payment will be
reduced by the amount of any quarterly bonus payment previously paid to you in
connection with the Company's 2000 fiscal year.  Any bonus awarded will be paid
in two equal increments per calendar year.  The bonus award for the first half
of 2000, payable in July, will be based on the six-month performance of the
Company.  The bonus award for the second half of 2000, payable in January 2001,
will be based on the second half achievement of objectives of Entrust.

     In addition, you will be eligible for additional grants of stock options to
purchase shares of common stock of Entrust Technologies Inc. with an exercise
price equal to the fair market value of the common stock on the date of grant in
accordance with the applicable stock option plan.  Any executive bonus payments
and any incentive stock grants are subject to achieving certain performance
factors as set from time to time by management including revenue, earnings,
customer satisfaction and individual performance criteria.  However, these
incentive programs may be amended or discontinued at any time.
<PAGE>

     With respect to any stock option grants made to you by the Company or
Entrust, either before or after Closing, you shall be entitled to 100% vesting
of the options granted under the Company plan being assumed by Entrust
Technologies upon closing and 50% vesting of the stock options granted under any
Entrust stock option plan (other than the assumed Company plan) if you are
terminated or constructively terminated other than for cause within one year of
the Closing (or such greater amount of accelerated vesting as is provided for
under the relevant option plan and agreement).

     You will also be eligible to accrue three weeks of paid vacation per year
of your employment.  In addition, Entrust will recognize your vacation accrued
before Closing from the Company.  All vacation accrual will be subject to the
limits on accrual set forth in the Company employment plan.

     Upon Closing your benefit plan will continue with the Company as disclosed
in the Merger Agreement; however, it is our intention to include you in the
Entrust Technologies Inc. benefit plans as soon as practicable.  You will be
credited with your service with the Company for purposes of determining your
benefits eligibility and levels.  If you are transferred to Entrust benefit
plans other than at the end of a Company plan year, you will receive a credit
toward all deductible and co-payment limits in the Entrust medical, dental and
vision plans for payments made by you under the Company's similar plans in the
same plan year.

     With the exception of the provisions above regarding the conversion of the
stock options granted to you by the Company, Entrust may modify, revoke, suspend
or terminate any of the terms and conditions referenced herein, including the
terms, plans, policies and/or procedures adopted by the Company in respect of
the benefit plan, in whole or part, at any time, with or without notice.

     As with most other employees, your employment will be at-will.  That means
that your terms and conditions of employment, including but not limited to
termination, demotion, promotion, transfer, compensation, benefits, duties and
location of work may be changed with or without cause, for any or no reason, and
with or without notice.  Your status as an at-will employee cannot be changed by
any statement, promise, policy, course of conduct, in writing or manual except
through a written agreement signed by the CEO of Entrust.  Notwithstanding the
foregoing, in the event of termination of your at-will employment by the Company
or by Entrust of your employment without cause or a constructive termination
occurring within two years of the Closing) you shall be entitled to a severance
payment equal to six months base salary including bonus (calculated using your
target bonus and the same company performance factor as other executive
employees for the same bonus period).  Also, the Company will either provide to
you benefits during the severance period or make payments on your behalf for
benefits pursuant to COBRA during the severance period.

     This employment offer is contingent upon you signing and returning with
your offer letter the attached Intellectual Property and Confidentiality
Agreement, (the "IP Agreement").  By accepting this offer of employment at will,
you also agree to any terms and conditions contained in that document as
written.  Notwithstanding the foregoing, if you have already entered in an
agreement or agreements with the Company to substantially the same effect as the
IP Agreement,
<PAGE>

you need not execute them and the IP Agreement and its content will not be
included in this offer of employment.

     With the exception of the agreements covering stock options granted to you
by the Company prior to Closing pursuant to which vesting accelerates upon
termination of employment, this agreement supersedes any and all prior
employment agreements you have with enCommerce.

     To accept and confirm your start date, or to decline this offer, please
sign and return the original offer letter along with all other required
documentation to me before your first day of employment, which is expected to be
as of the Closing Date.  Any questions you may have should be directed to me.

                                        Sincerely,

                                        /s/ John Ryan

                                        John Ryan
                                        President and CEO


I have read, understood, and therefore,
accept this offer of employment, as set
forth above, and will report on         2000.



/s/ Paul A Doscher
---------------------------------------------
Paul Doscher

Attachment:
Intellectual Property and Confidentiality Agreement

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