executive services agreement between : virtual medical centre. com ( abn 12 097 593 587 ) and : wayne hughes position : managing director of virtual medical centre. com and executive chairman, board of directors location : level 1, 414 scarborough beach road, osborne park wa reporting to : board of directors commencement date : 1 june 2007 employment status : you are employed on a permanent full - time basis. as there is a significant amount of travel required of the role, you can expect to work outside of normal business hours and on weekends in order to meet the expectations of the role. position description : your responsibilities as managing director are to ensure the success of the business through sales of our services, capital raising, financial management, promoting and marketing our online medical information and educational tools to health professionals in pharmaceutical organisations, and both private and public health organisations, and to identify and follow through on sales opportunities to a successful sale. you will also liaise with relevant professional bodies, and make intellectual contributions to the development of the business. you are also to ensure that all legislative requirements of the company are met. gross base salary : $ 250, 000 per annum ( paid weekly ) plus statutory superannuation upon appointment. plus $ 30, 000 per annum as an office holder on the board of directors ( executive chairman ) salary increases : you will be entitled to a 9 % salary increase each year, on the anniversary of your appointment. such increases will be paid to you at a time when the company has sufficient working capital. performance bonuses : please refer to attachment 1. equipment provided : you will be provided with a mobile phone and laptop computer. allowances : car allowance of up to $ 45, 000 per annum. other benefits : · car space provided outside the office. · your personal private health insurance will be paid at a fund of our choice. · travel insurance and directors and company office holders insurance will be paid. · memberships to the following organisations : o o qantas frequent flyer and the qantas club o o hisa o o chick annual leave : 8 weeks paid pro - rata annual leave per year, cumulative. termination of employment : this executive services agreement may be terminated by either party as follows : · by mr hughes providing 3 months written notice. · by virtual medical centre. com : o o providing 3 months written notice should mr hughes be unable to perform his duties due to incapacitation or illness for a total of 9 months in any 12 month period