Document:

<PAGE>   1
                                                                   EXHIBIT 10.20

                         WORLDCOM NETWORK SERVICES, INC.

                     CLASSIC/TRANSCEND(TM)SWITCHED SERVICES

                            PROGRAM ENROLLMENT TERMS

         These PROGRAM ENROLLMENT TERMS (the "PET") are made by and between
WorldCom Network Services, Inc. ("WORLDCOM") and AmeriVision Communications,
Inc. ("CUSTOMER") and are a part of their Telecommunications Services Agreement
for Switched Services. Capitalized terms not defined herein shall have the
meaning ascribed to them in the TSA, the Service Schedule or the applicable Rate
and Discount Schedule.

1.       SERVICE TERM: The Service Term shall commence as of April 1, 1999 (the
         "EFFECTIVE DATE") and shall continue through and include March 31, 2002
         (the "SERVICE TERM"), subject to earlier termination as provided in
         Subsection 2(B) below. Provided, however, notwithstanding the
         immediately preceding sentence, the rates set forth herein will be
         effective as of      , 1999 (the "RATE EFFECTIVE DATE"). Upon
         expiration of the Service Term, the Switched Services in question will
         continue to be provided pursuant to the same terms and conditions as
         are then in effect (including without limitation, the applicable rates,
         discounts and commitments, if any), subject to termination by either
         party upon sixty (60) days prior written notice to the other party.

2.       CUSTOMER'S MINIMUM REVENUE COMMITMENT:

         (A) Commencing with the Effective Date (as determined under Section 1
         above) and continuing through the end of the Service Term (including
         any extensions thereto) (the "COMMITMENT PERIOD"), Customer agrees to
         maintain, on a take-or-pay basis, cumulative Monthly Revenue (as
         defined in the applicable Rate and Discount Schedule) equal to at least
         the amounts shown below by the end of the respective months listed
         ("CUSTOMER'S MINIMUM REVENUE COMMITMENT").

<TABLE>
<CAPTION>

             END OF           CUSTOMER'S       END OF           CUSTOMER'S
             MONTH            COMMITMENT       MONTH            COMMITMENT
             -----            ----------       -----            ----------
<S>                           <C>              <C>              <C>
               1                $2,000,000       19             $38,000,000
               2                $4,000,000       20             $40,000,000
               3                $6,000,000       21             $42,000,000
               4                $8,000,000       22             $44,000,000
               5               $10,000,000       23             $46,000,000
               6               $12,000,000       24             $48,000,000
               7               $14,000,000       25             $50,000,000
               8               $16,000,000       26             $52,000,000
               9               $18,000,000       27             $54,000,000
              10               $20,000,000       28             $56,000,000
              11               $22,000,000       29             $58,000,000
              12               $24,000,000       30             $60,000,000

</TABLE>

--------------------
         --**-- This symbol signifies information from the agreement that has
been omitted because the Company has requested confidential treatment. The
information has been filed separately with the Securities and Exchange
Commission.

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         (B) Notwithstanding anything to the contrary contained in Subsection
         (A) above, as soon as Customer's cumulative Monthly Revenue (which will
         include any Deficiency Charges actually paid by Customer) is equal to
         at least $72,000,000, either party may cancel this Agreement in its
         entirety upon at least ninety (90) prior written notice to the other
         party.

3.       DEFICIENCY CHARGE: In the event Customer does not maintain Customer's
         Minimum Revenue Commitment in any month during the Commitment Period
         (regardless of whether Customer has commenced using any or all of the
         Switched Services described herein), then for those month(s) only,
         Customer will pay WorldCom the difference between Customer's Minimum
         Revenue Commitment and Customer's actual Monthly Revenue (as described
         in the applicable Rate and Discount Schedule) (the "DEFICIENCY
         CHARGE"). The Deficiency Charge will be due at the same time payment is
         due for Service provided to Customer, or immediately in an amount equal
         to Customer's Minimum Revenue Commitment for the unexpired portion of
         the Service Term, if WorldCom terminates this Agreement based on
         Customer's default. Provided, however, WorldCom agrees to waive any
         Deficiency Charges that arise solely due to a catastrophic network
         event which materially prevents Customer's use of Services hereunder
         sufficient to satisfy Customer's Minimum Revenue Commitment. In such
         case, Customer shall have the burden of proof in establishing the date
         and duration of such event as well as the general sources of Customer's
         traffic affected by such event. Provided, for purposes of this
         Agreement, any catastrophic network events lasting less than --**--
         and/or affecting less than --**-- minutes of Customer's traffic will be
         deemed not material.

4.       CANCELLATION WITHOUT CHARGE: The parties agree to substitute Subsection
         2(C) of the TSA to read in its entirety as follows:

         (C) Cancellation Without Charge. Notwithstanding anything to the
         contrary contained in Subsection 2(A) above, Customer may cancel this
         Agreement without incurring any cancellation charge if:

                  i. WorldCom fails to provide a network as warranted in Section
                  8 below and fails to cure such default within five (5) days
                  following written notice from Customer; or

                  ii. WorldCom fails to (a) deliver call detail records promptly
                  based on the frequency selected by Customer (i.e., monthly,
                  weekly or daily); or (b) submit ANI(s) relevant to such
                  Service Requests to the LECs within the time period described
                  in Subsection 1(B) above. Provided, however, Customer must
                  give WorldCom written notice of any such default under this
                  Subpart (ii) and an opportunity to cure such default within
                  five (5) days of the notice. In the event WorldCom fails to
                  cure any such default within the five-day period set forth in
                  this Subpart (ii) on more than three (3) occasions within any
                  six (6) month period, Customer may cancel this Agreement
                  without incurring any cancellation charge.

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5.       DISPUTED TRANSFER CHARGES: The parties agree to substitute the first
         sentence only of Subsection 3(A) and Subsection 3(B) of the TSA to read
         in their entirety as follows:

         (A) End Users. Customer will use reasonable efforts to obtain and upon
         WorldCom's request will provide WorldCom (within two (2) business days
         of the date of the request) a written Letter of Agency ("LOA")
         acceptable to WorldCom [or with any other means if approved by the
         Federal Communications Commission ("FCC") and any applicable public
         utility commission ("PUC") and accepted by the applicable local
         exchange provider provided the local exchange provider has the
         authority to accept or deny certain forms of LOAs (provided, further,
         nothing contained herein will require WorldCom to challenge the right
         of local exchange providers to accept or deny certain forms of LOAs),
         for each ANI indicating the consent of such end user of Customer ("END
         USER") to be served by Customer and transferred (by way of such End
         User's designated PIC) to the WorldCom network prior to order
         processing.

         (B) Transfer Charges/Disputed Transfers. Customer agrees that it is
         responsible for (i) all charges incurred by WorldCom to change the PIC
         of End Users to the WorldCom network, (ii) all charges incurred by
         WorldCom to change End Users back to their previous PIC arising from
         disputed transfers to the WorldCom network plus, at WorldCom's option,
         an administrative charge equal to --**-- of such charges, and (iii) any
         other damages suffered by or awards against WorldCom resulting from
         disputed transfers unless such damages or awards are the result of
         actions taken solely by WorldCom without any involvement (either
         directly or indirectly) by Customer.

6.       PAYMENT TERMS: The parties agree to substitute Subsection 5(A) and 5(B)
         of the TSA to read in their entirety as follows:

         (A) Payment. WorldCom billings for Switched Services hereunder are made
         on a monthly basis (or such other basis as may be mutually agreed to by
         the parties) following Start of Service. Subject to Subsection 5(C)
         below, Switched Services shall be billed at the rates set forth in the
         applicable Rate and Discount Schedule attached hereto. Customer will be
         notified of WorldCom's time of day rate periods (including WorldCom
         Recognized National Holidays). Discounts, if any, applicable to the
         rates for certain Services are set forth in the Rate and Discount
         Schedule. Customer will pay all undisputed charges relative to each
         WorldCom invoice for Switched Services within (i) --**-- days of the
         invoice date set forth on each WorldCom invoice to Customer with
         respect to Services provided in months 1 through 3 following the
         Effective Date of this Agreement, (ii) --**-- days of the invoice date
         set forth on each WorldCom invoice to Customer with respect to Services
         provided in months 4 through 6 following the Effective Date of this
         Agreement, and (iii) --**-- days of the invoice date set forth on each
         WorldCom invoice to Customer with respect to Services provided through
         the remainder of the Service Term (collectively, the "DUE DATE"). If
         payment is not received by WorldCom on or before the Due Date, Customer
         shall also pay a late fee in the amount of the lesser of one and
         one-half percent (1 1/2%) of the unpaid

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         balance of the charges for Switched Services rendered per month or the
         maximum lawful rate under applicable state law. Commencing with the
         Effective Date and continuing through the end of the Service Term,
         Customer agrees to provide WorldCom (a) unaudited financial statements
         within --**-- days following each month, (b) "reviewed" financial
         statements within --**-- days following each quarter, and (c) audited
         financial statements within --**-- days following the end of each of
         Customer's fiscal years.

         (B) Taxes. Customer acknowledges and understands that WorldCom computes
         all charges herein exclusive of any applicable federal, state or local
         use, excise, gross receipts, sales and privilege taxes, duties, fees or
         similar liabilities (other than general income or property taxes),
         whether charged to or against WorldCom or customer because of the
         Switched Services furnished to Customer ("ADDITIONAL CHARGES").
         Customer shall pay such Additional Charges in addition to all other
         charges provided for herein. Customer will not be liable for certain
         Additional Charges if Customer provides WorldCom with an appropriate
         exemption certificate. Provided, to the extent Customer is not an "end
         user" of the Services provided hereunder, with respect to any
         Additional Charges which are assessed solely on WorldCom's end users
         ("END USER CHARGES"), WorldCom agrees not to assess Customer such End
         User Charges. Provided, however, in the event WorldCom is required to
         collect End User Charges from Customer, Customer agrees to pay WorldCom
         such End User Charges unless Customer provides WorldCom a written
         certification, signed by an officer of Customer, that Customer has
         directly paid such End User Charges.

7.       PAYMENT OF DISPUTED AMOUNTS: Notwithstanding anything to the contrary
         contained in Subsection 5(D) of the TSA, in the event Customer pays
         WorldCom any amount which is ultimately determined not to be due
         WorldCom, WorldCom agrees to pay Customer such amount plus interest on
         such amount equal to one and one-half (1 1/2%) of such amount per month
         or the maximum lawful rate under applicable state law.

8.       CREDIT: The parties agree to delete the first two sentences of
         Subsection 6(A) of the TSA.

9.       REMEDIES FOR BREACH: In the event WorldCom elects its remedies under
         Subsection 7(B) of the Agreement and bills Customer's End Users
         directly, WorldCom agrees to collect any amounts owing from such End
         Users in good faith and in accordance with reasonable business
         practices. In the event WorldCom collects any amounts from Customer's
         End Users, such amounts will offset any amounts owed by Customer under
         this Agreement. In other words, Customer's liability for charges for
         Services rendered and the Deficiency Charge, if applicable, will be
         reduced by any amounts WorldCom collects from Customer's End Users.

10.      FORCE MAJEURE: The parties agree to substitute Section 10 of the TSA to
         read in its entirety as follows:

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         If either party's performance of this Agreement or any obligation
         hereunder (excluding payments owed by Customer for Services rendered by
         WorldCom) is prevented, restricted or interfered with by causes beyond
         its reasonable control including, but not limited to, acts of God,
         fire, explosion, vandalism, cable cut, storm or other similar
         occurrence, any law, order, regulation, direction, action or request of
         the United States government, or state or local governments, or of any
         department, agency, commission, court bureau, corporation or other
         instrumentality of any one or more such governments, or of any civil or
         military authority, or by national emergency, insurrection, riot, war,
         strike, lockout or work stoppage or other labor difficulties, or
         supplier failure, shortage, breach or delay, then the affected party
         shall be excused from such performance on a day-to-day basis to the
         extent of such restriction or interference. The affected party shall
         use reasonable efforts under the circumstances to avoid or remove such
         causes or nonperformance and shall proceed to perform with reasonable
         dispatch whenever such causes are removed or cease.

11.      OTHER AGREEMENTS: The parties agree to substitute Subsection 24(B) of
         the TSA to read in its entirety as follows:

         (B) Third Party Agreements. If Customer acquires or merges or combines
         with a third party after the Effective Date of this Agreement, and such
         third party has existing agreement(s) with a member of the WorldCom
         Group (collectively referred to as the "THIRD PARTY AGREEMENTS") for
         the provision of switched telecommunications services ("THIRD PARTY
         EXISTING SERVICES"), then ninety (90) days following the date of such
         acquisition, merger or combination (or such earlier date contained in a
         written notice from customer to WorldCom) (the "TRANSFER DATE"), if
         requested by WorldCom, Customer agrees to select one Agreement (either
         this Agreement or a Third Party Agreement) (the "SURVIVING AGREEMENT")
         pursuant to which all switched services will be provided to Customer
         and all members of the Customer Group and all other agreements (the
         "CANCELED AGREEMENTS") will be canceled and no longer in force or
         effect except for commitments, if any, contained in the Canceled
         Agreements and charges and credits due for Services provided prior to
         the effective date of cancellation of such Canceled Agreements.
         Further, as of the effective date of cancellation, Third Party Existing
         Services or, if applicable, the Services provided under this Agreement
         will be provisioned under the Surviving Agreement, and the aggregate
         commitment(s) (e.g., revenue, volume, minute, etc.) remaining under the
         Canceled Agreements shall be added on a pro rata basis to the
         commitment(s), if any, existing under the Surviving Agreement.
         Simultaneous with the closing of such acquisition, combination or
         merger, Customer will cause such third party and all of its affiliates
         who are parties to such Third Party Agreements, to agree to such
         cancellation(s) as appropriate and the provision of such Services, as
         appropriate under the terms and conditions of the Surviving Agreement
         and Customer agrees to provide WorldCom with reasonable documentation
         evidencing such agreement.

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12.      TARIFF REFERENCES: Except to the extent specifically referenced in this
         Agreement, this Agreement does not incorporate any terms or conditions
         contained in any federal and/or state tariffs filed or to be filed by
         WorldCom or any of its affiliates.

13.      DISPUTE RESOLUTION: If the parties are unable to resolve any dispute
         arising under or relating to this Agreement, the parties may resolve
         such disagreement or dispute as follows:

         (a) Either party may, by written notice to the other party (the
         "DISPUTE NOTICE"), request that a designated representative from each
         of the parties attempt to resolve the matter. Within fifteen (15) days
         after delivery of the Dispute Notice such representatives of both
         parties will use good faith efforts to schedule a meeting at a mutually
         acceptable time and place to attempt to resolve the dispute.

         (b) If the matter has not been resolved within thirty (30) days after
         delivery of the Dispute Notice, or if such representatives fail to meet
         within fifteen (15) days after delivery of such Dispute Notice, either
         party may initiate mediation in accordance with the procedures set
         forth in (C) below. All negotiations conducted by such representatives
         shall be confidential and shall be treated as compromise and settlement
         negotiations for purposes of federal and state rules of evidence.

         (c) If such representatives are unable to resolve the dispute or have
         failed to meet, the parties may elect to participate in a nonbinding
         mediation procedure as follows:

                  (A) A mediator will be selected by having counsel for each
                  party agree on a single person to act as mediator. The
                  parties' counsel as well as up to three (3) representatives of
                  each of the parties will appear before the mediator at a time
                  and place determined by the mediator, but not more than sixty
                  (60) days after delivery of the Dispute Notice. The fees of
                  the mediator and other costs of the mediation will be shared
                  equally by the parties.

                  (B) Each party will present a review of the matter and its
                  position with respect to such matter. At the conclusion of
                  both presentations the parties may ask questions of each
                  other. Either party may abandon the mediation procedure at the
                  end of the presentation and question periods and the mediation
                  procedure shall not be binding on either party.

                  (C) If the matter is not resolved after applying the mediation
                  procedure set forth above, or if either party refuses to take
                  part in the mediation process, either party may initiate legal
                  proceedings to resolve their dispute.

         (D) The provisions of this Section 13 shall not preclude a party form
         instituting legal proceedings seeking injunctive relief (including,
         without limitation, a temporary restraining

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         order) prior to the commencement or completion of the specified dispute
         resolution procedures.

14.      REQUIREMENTS AGREEMENT: In consideration of the rates set forth in the
         Rate Schedule, and other good and valuable consideration, the receipt
         and sufficiency of which are hereby acknowledged, during the Service
         Term Customer agrees to purchase one hundred percent (100%) of its
         telecommunications services requirements for SWITCHED ACCESS Service
         (1+ and Toll Free) (which services are described in this Agreement)
         from WorldCom under the terms and conditions set forth in this
         Agreement ("CUSTOMER'S REQUIREMENTS OBLIGATION"). Upon request from
         WorldCom, Customer agrees to provide WorldCom reasonable documentation
         evidencing Customer's compliance with this Section 14 and if requested
         by WorldCom, agrees to allow WorldCom or its representatives to audit
         Customer's books and records as may be necessary solely to ensure
         Customer's compliance with Customer's Requirements Obligation. In the
         event Customer is in breach of this Agreement, in addition to
         WorldCom's other rights and remedies described in this Agreement,
         notwithstanding anything to the contrary contained in the Agreement,
         WorldCom shall have the right to immediately increase Customer's
         SWITCHED ACCESS Service rates set forth in the Rate Schedule to --**--.
         Any increase as described herein will not affect Customer's Minimum
         Revenue Commitment set forth in Section 2 above.

15.      SEMI-ANNUAL REVIEW OF RATES: Provided Customer is in substantial
         compliance with the terms of this Agreement, commencing September 1,
         1999, and continuing on the first day of every seventh (7th) month
         thereafter (i.e., March 1, 2000; September 1, 2000; March 1, 2001;
         etc.), WorldCom and Customer agree to review the rates hereunder with a
         view to adjusting in good faith such rates taking into account (i)
         rates then generally available to WorldCom's other wholesale customers
         under other "programs" being offered by WorldCom when taken as a whole,
         and (ii) rates then generally available to WorldCom's other wholesale
         customers for similar services, commitments and other terms. In
         conducting such review, the parties agree to take into account state
         and/or federal mandates regarding local access reform, if any, that may
         affect the cost of the Services provided hereunder and which result in
         either an increase or decrease to such rates. Provided, however,
         nothing contained in this Section 15 will obligate WorldCom to reduce
         Customer's rates under this Agreement.

16.      CUSTOMER PROPRIETARY INFORMATION: In addition to WorldCom's obligations
         to protect Customer's Confidential Information under Section 20 of the
         TSA, WorldCom agrees to comply with all applicable laws, rules and
         regulations regarding Customer's proprietary network information and
         the proprietary network information of Customer's End Users which
         information has been directly provided or disclosed by Customer to
         WorldCom.

17.      SUBORDINATION AGREEMENT: Simultaneous with the execution of this
         Agreement, WorldCom agrees to execute the attached Intercreditor
         Agreement by and between WorldCom, Customer and Coast Business Credit,
         a division of Southern Pacific Bank.

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18.      CREDIT/SETTLEMENT:

         (A) In consideration of the terms and conditions contained in this
         Agreement, Customer's payment to WorldCom of --**-- on or before the
         due date of WorldCom's April 1, 1999 invoice, and other good and
         valuable consideration the receipt and sufficiency of which are hereby
         acknowledged, upon execution of this Agreement, WorldCom agrees to give
         Customer a credit (the "CREDIT") equal to --**-- which the parties
         agree equals all invoiced and unpaid charges including interest and
         late fees owed by Customer for Services provided by WorldCom prior to
         January 1, 1999 (i.e., up through and including the January, 1999
         invoice) (the "SETTLEMENT DATE") (including any Services provided to
         Hebron Communication Corporation or American Electronics Corporation
         d/b/a Discount Long Distance assertedly through Customer by WorldCom
         through the Settlement Date. For purposes of this Agreement, such
         Services shall include without limitation (i) the following WorldCom
         billing account numbers for Switched Services: --**--; and the
         following WorldCom billing account numbers for private line services:
         --**--, and any other accounts for which Customer had payment
         responsibility under that certain Payment Agreement dated June 1, 1996,
         and executed by Customer, WorldCom and National Telephone &
         Communications, Inc., including without limitation, billing account
         numbers --**--. In addition to the Credit described herein, WorldCom
         agrees to waive any finance charges up through and including March 31,
         1999 (i.e., the April, 1999 invoice). WorldCom acknowledges that the
         rates charged to Customer from and after November 30, 1998, through the
         Rate Effective Date described in Section 1 above shall be consistent
         with the rates provided under the WilMAX Telecommunications Services
         Agreement dated June 1, 1996 (the "NTC AGREEMENT"), as referenced in
         that certain Payment Agreement by and between WorldCom, Customer and
         National Telephone & Communications, Inc. dated June 1, 1996.

         (B) In consideration hereof, Customer and WorldCom, together with and
         on behalf of their respective predecessors, successors, parents,
         subsidiaries, affiliates, assigns, agents, directors, officers,
         employees and shareholders hereby release the other party and its
         respective predecessors, successors, parents, subsidiaries, affiliates,
         assigns, agents, directors, officers, employees and shareholders, from
         any and all claims, demands, damages, causes of action, debts,
         obligations, liabilities or controversies of any kind whatsoever,
         whether at law or in equity, whether before a local, state or federal
         court, arbitrator or state or federal administrative agency or
         commission, and whether known or unknown, liquidated or unliquidated,
         that the releasing party has or may have against the other on account
         of or in any way related to the NTC Agreement, any Services provided or
         billed to Customer prior to the Settlement Date, or any statements
         and/or representations made by the other party's personnel regarding
         the Services provided to Customer (the "DISPUTED MATTERS"). Upon
         receipt of the Credit, (i) it shall be the full and final settlement of
         each party's disputes and claims pertaining to the Disputed Matters,
         and (ii) each party shall thereafter be barred from bringing any
         charge, complaint or other action against the other relating to the
         Disputed Matters for all periods prior to the Settlement Date. It is
         understood and agreed by the parties that this Amendment is not to be
         construed or used as an admission of any liability

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         whatsoever by either party, its officers, directors, employees, agents,
         representatives, affiliates or subsidiaries, which liability is
         expressly denied, nor is it to be construed or used as an admission
         that a party has committed or engaged in any deceptive or unlawful act,
         violation or other breach of duty imposed by the NTC Agreement,
         applicable tariffs or applicable law.

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         IN WITNESS WHEREOF, the parties have executed these
Classic/TRANSCEND(TM) Switched Services Program Enrollment Terms.

WORLDCOM NETWORK SERVICES, INC.                 AMERIVISION COMMUNICATIONS,
INC.

By:     /s/ John H. Krummez                     By:  /s/ Stephen D. Halliday
   -------------------------------                 -----------------------------
       (Signature)                                         (Signature)

           John H. Krummez                              Stephen D. Halliday
----------------------------------              --------------------------------
             (Print Name)                                  (Print Name)

         Senior Vice President                               President
----------------------------------              --------------------------------
               (Title)                                       (Title)

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                         WORLDCOM NETWORK SERVICES, INC.

                                SWITCHED SERVICES

                         RATE SCHEDULES FOR AMERIVISION

         Capitalized terms not defined in this Rate Schedule shall have the
meaning ascribed to them in the Telecommunications Services Agreement,
TSA#AVI-990301, between AmeriVision Communications, Inc. and WorldCom Network
Services, Inc.

                                      RATES

(A)      TERMINATION Service

         --**--

(B)      TOLL FREE ORIGINATION Service

         --**--

(C)      SWITCHED ACCESS Service

         --**--

(D)      DEDICATED ACCESS Service

         --**--

(E)      TRAVEL CARD Service

         --**--

(F)      Directory Assistance

         --**--

ATTACHMENTS:

         --**--

-------------------
         --**-- This symbol signifies information from the agreement that has
been omitted because the Company has requested confidential treatment. The
information has been filed separately with the Securities and Exchange
Commission.<PAGE>   1
                                                                    EXHIBIT 10.1

                          TBA ENTERTAINMENT CORPORATION
                          EMPLOYEE STOCK PURCHASE PLAN

         WHEREAS, TBA Entertainment Corporation, a Delaware corporation (the
"Corporation"), desires to establish an employee stock purchase plan providing
for the grant of options to purchase shares of the Corporation's stock to
eligible employees of the Corporation and its Affiliates;

         NOW, THEREFORE, the Corporation hereby establishes the Plan, the terms
of which are as follows:

                                    ARTICLE I
                                 PURPOSE OF PLAN

         The purpose of the Plan is to secure for the Corporation and its
shareholders the benefits of the incentive inherent in the ownership of the
Corporation's common stock by present and future employees of the Corporation
and its Affiliates. The Plan is designed to conform to the provisions of Rule
16b-3 of the Exchange Act and is intended to be an "employee stock purchase
plan" within the meaning of section 423 of the Code and shall be construed in a
manner consistent with such intent.

                                   ARTICLE II
                                   DEFINITIONS

         2.1 Affiliate. A "parent corporation," as defined in section 424(e) of
the Code, or "subsidiary corporation," as defined in section 424(f) of the Code,
of the Corporation.

         2.2 Board. The Board of Directors of the Corporation.

         2.3 Code. The Internal Revenue Code of 1986, as amended.

         2.4 Committee. A committee selected by the Board which shall be
comprised of two (2) or more directors, each of whom shall be "non-employee
directors," as defined in Rule 16b-3 promulgated under the Exchange Act, and
each of whom shall be "outside directors," as required under Section 162(m) of
the Code and such Treasury regulations as may be promulgated thereunder.

         2.5 Corporation. TBA Entertainment Corporation and its successors and
assigns.

         2.6 Eligible Employee. Any employee of the Corporation or an Affiliate,
other than employees (i) who have not completed six (6) months of continuous
service with the Corporation or an Affiliate; (ii) whose customary employment
with the Corporation or an Affiliate is twenty (20) hours or less per week; or
(iii) who, immediately after the grant of an Option hereunder, would own 5% or
more of the total combined voting power or value of all classes of stock of the
Corporation or an Affiliate ("Five Percent Shareholder"). For the purpose of
determining if an individual is a Five Percent Shareholder, the individual shall
be deemed to own any stock owned (directly or indirectly) by or for such
individual's brothers and sisters (whether by whole or half blood relation),

<PAGE>   2

spouse, ancestors or lineal descendants, any stock which he could acquire
pursuant to outstanding options under this or any other option plan of the
Corporation or an Affiliate, and any stock owned (directly or indirectly) by or
for a corporation, partnership, estate or trust of which such individual is a
shareholder, partner or beneficiary in proportion to his interest in such
corporation, partnership, estate or trust.

         2.7 Exchange Act. The Securities Exchange Act of 1934, as amended.

         2.8 Exercise Price. The Exercise Price shall be the lesser of: (a) 85%
of the Fair Market Value of the Stock on the applicable Grant Date, or (b) 85%
of the Fair Market Value of the Stock on the applicable Purchase Date.

         2.9 Fair Market Value. The term "Fair Market Value" on any date shall
mean (a) if the Stock is listed or admitted to trade on a national securities
exchange, the closing price of the Stock on the Composite Tape, as published in
the Wall Street Journal, of the principal national securities exchange on which
the Stock is so listed or admitted to trade, on such date or, if there is no
trading of the Stock on such date, then the closing price of the Stock as quoted
on such Composite Tape on the next preceding date on which there was trading in
such shares; (b) if the Stock is not listed or admitted to trade on a national
securities exchange, then the closing price of the Stock as quoted on the
National Market System of the National Association of Securities Dealers, Inc.
("NASD") on such date; (c) if the Stock is not listed to trade on the National
Market System of the NASD, the mean between the bid and asked price for the
Stock on such date, as furnished by the NASD through NASDAQ or a similar
organization if NASDAQ is no longer reporting such information; or (d) if the
Stock is not listed or admitted to trade on a national securities exchange and
if bid and asked prices for the Stock are not so furnished by the NASD or a
similar organization, the values established by the Committee for purposes of
the Plan. In addition to the above rules, Fair Market Value shall be determined
without regard to any restriction other than a restriction which, by its terms,
will never lapse.

         2.10 Grant Date. The Grant Date shall be the first day of each January,
April, July and October of each Plan Year (i.e., the first day of each calendar
quarter); provided, however, for newly hired employees, the first Grant Date
shall be the first day of the calendar quarter coincident with or next following
the date on which the employee has completed six months of service, and
thereafter, subsequent Grant Dates shall be the first day of each such
successive calendar quarter. For purposes of section 423 of the Code, the
Corporation shall be deemed to have granted to each Eligible Employee an Option
to purchase Stock on each Grant Date.

         2.11 Noncertificated Stock. Noncertificated stock shall mean shares of
Stock issued upon the exercise of Options which are held in book entry form for
which no physical certificates are issued.

         2.12 Option. The right that is granted hereunder to a Participant to
purchase Stock from the Corporation at the Exercise Price on the applicable
Purchase Date.

                                      - 2 -
<PAGE>   3

         2.13 Participant. An Eligible Employee who has elected to participate
in the Plan in accordance with Section 3.4 below.

         2.14 Payroll Account. A bookkeeping account to which are added the
amounts withheld on behalf of each Participant under regular payroll deductions
authorized by Participants hereunder, and reduced by amounts due the Corporation
to pay the Exercise Price of Options exercised hereunder.

         2.15 Plan. The TBA Entertainment Corporation Employee Stock Purchase
Plan.

         2.16 Plan Year. The twelve month period beginning on January 1 and
ending on December 31; provided the initial Plan Year shall commence on the
effective date of this Plan and end on December 31, 1999.

         2.17 Purchase Date. The Purchase Date with respect to each Option shall
be the last trading day of March, June, September and December, as applicable,
immediately following the Grant Date of such Option.

         2.18 Stock. The common stock of the Corporation.

                                   ARTICLE III
                          GRANT AND EXERCISE OF OPTIONS

         3.1 Eligibility. Eligible Employees shall be eligible to participate in
the Plan on the first Grant Date following their fulfillment of all applicable
eligibility requirements, as set forth in Section 2.6 above.

         3.2 Grant of Options. On each Grant Date, each individual who is an
Eligible Employee on such date shall, without further action of the Committee,
be granted an Option to purchase a number of whole shares of Stock which, when
aggregated with options under any other stock purchase plans of the Corporation
or an Affiliate, have a Fair Market Value (determined on such Grant Date) that
equals $25,000; provided that, on each Grant Date of a Plan Year which is other
than January 1, the grant to each Eligible Employee hereunder shall be reduced
by an amount, if any, equal to the Fair Market Value of Stock acquired by such
Eligible Employee pursuant to the exercise of an Option granted hereunder on the
preceding Grant Dates of such applicable Plan Year, the Fair Market Value of
such Stock to be determined as of the applicable Purchase Date. Each grant of an
Option is subject to the following terms and conditions:

                  (a) The Option shall be automatically exercised at the
         Exercise Price on the applicable Purchase Date, unless the Participant
         has, no later than the date preceding such Purchase Date as shall be
         determined by the Committee (which date shall be no later than five (5)
         days prior to the Purchase Date), previously notified the Committee of
         his withdrawal

                                      - 3 -
<PAGE>   4

         from the Plan, as provided in Section 3.4(d) below, or previously
         exercised the Option by a check made payable to the Corporation as
         provided in Section 3.4 below.

                  (b) Each Option shall expire on the applicable Purchase Date.

                  (c) Each Option shall expire as of the date the Eligible
         Employee is no longer employed by the Corporation or any of its
         Affiliates, unless it expires sooner pursuant to Section 3.2(b).

                  (d) A right to purchase Stock which has accrued under one
         Option granted hereunder may not be carried over to any other Option.

         3.3 Right to Exercise. Although an Option shall be exercisable at any
time during the Plan Year, the actual purchase of Stock shall occur on each
Purchase Date. An Eligible Employee must be an employee of the Corporation or an
Affiliate on the Purchase Date.

         3.4 Payment of Exercise Price. Each Eligible Employee who desires to
participate in the Plan shall complete a participation agreement, in such form
as the Committee shall determine, which shall provide for the authorization of
deductions from the Eligible Employee's regular payroll. In addition, an
Eligible Employee may complete an exercise agreement, in such form as the
Committee shall determine, accompanied by a check delivered to the Company no
later than five (5) days prior to the Purchase Date and made payable to the
Corporation in an amount which, when aggregated with any credit balance in the
Eligible Employee's Payroll Account, is sufficient to purchase the number of
whole shares of Stock desired by the Eligible Employee. The minimum payroll
deduction shall be $25, and the minimum purchase by delivery of a check shall be
$250.00. Payroll deductions shall be credited to a Payroll Account for each
Participant. Amounts credited to a Participant's Payroll Account shall be
accumulated and reserved, without interest, for payment of the Exercise Price on
the Purchase Date.

                  (a) A Participant's payroll deduction election, if any, as set
         forth in the participation agreement, shall remain in effect for
         successive periods unless modified or revoked by the Participant in
         accordance with this Section 3.4.

                  (b) The participation agreement authorizing payroll deductions
         must be executed by an Eligible Employee within the time period prior
         to the date for which it is to be effective, as shall be established by
         the Committee. If the participation agreement is not timely executed,
         the Eligible Employee shall not be permitted to participate in the Plan
         until the first Grant Date subsequent thereto as of which the Committee
         or its delegate has received a participation agreement executed within
         the time, and in the form prescribed by the Committee.

                  (c) A Participant may modify his payroll deduction election as
         of any Grant Date by providing the Committee or its delegate notice,
         within the time prior thereto and in the

                                      - 4 -
<PAGE>   5

         form prescribed by the Committee. Such modification shall be effective
         as of the first Grant Date following receipt by the Committee or its
         delegate of such notice.

                  (d) A Participant may revoke his election to participate in
         the Plan at any time. Such revocation shall be effective as soon as
         practicable after receipt thereof by the Committee or its delegate, in
         the form prescribed by the Committee. Upon receipt by the Committee or
         its delegate of such revocation, all amounts credited to such
         Participant's Payroll Account shall be returned to the Participant as
         soon as administratively feasible thereafter, and such Participant
         shall not be permitted to participate further in the Plan until the
         first Grant Date subsequent thereto as of which the Committee or its
         delegate has received notice of the Participant's intent to again
         participate in the Plan, such notice to be given within the time and in
         the form prescribed by the Committee. Unless the Committee or its
         delegate receives a revocation within the time period prior to the
         applicable Purchase Date which is established by the Committee and
         communicated to Participants, such revocation shall not be effective to
         avoid the exercise of an Option hereunder on said Purchase Date.

         3.5 Issuance of Stock. The Corporation shall issue Stock to a
Participant as follows, unless, prior to the applicable Purchase Date, the
Participant timely revokes an election to exercise an Option pursuant to Section
3.4(d) above.

                  (a) The Corporation shall determine the number of whole shares
         of Stock to be issued to each Participant on each Purchase Date by
         dividing the balance of such Participant's Payroll Account by the
         Exercise Price of each share of Stock or, as applicable, by dividing
         the amount of the check presented to the Corporation by the Eligible
         Employee (and any Payroll Account credit balance) by the Exercise Price
         of each share of Stock on the applicable Purchase Date.

                  (b) The Corporation shall deduct from a Participant's Payroll
         Account the amount necessary to purchase the greatest number of whole
         shares of Stock that can be acquired under the applicable Option.

                  (c) Any amounts remaining in the Payroll Account after
         deducting the Exercise Price of the Option shall be held for use on the
         next Purchase Date. However, amounts credited to the Payroll Account of
         a Participant who has revoked his election to participate in the Plan
         pursuant to the terms of Section 3.4(d) above, will be paid to such
         Participant as soon as administratively feasible thereafter, as
         provided in Section 3.4(d). A Participant who has terminated employment
         shall be paid any amounts remaining in his Payroll Account as soon as
         administratively feasible following his termination of employment with
         the Corporation and all Affiliates.

                  (d) Without limiting the foregoing, the Corporation may, at
         its election, upon the exercise of Options (i) issue Stock in the name
         of the Plan, for the benefit of the Participants or (ii) reflect the
         issuance of Stock in book entry form with Noncertificated Stock. In
         either event, the Corporation shall cause to be delivered to each
         Participant, on a quarterly basis,

                                      - 5 -
<PAGE>   6
          a statement which will reflect the number of shares of Stock purchased
          for the Participant's Payroll Account and the purchase price of such
          Stock. Upon the written request of a Participant, the Corporation will
          issue physical certificates registered in the name of the Participant.
          No certificates will be issued for fractional shares.

         3.6 Nontransferability. Any Option granted under this Plan shall not be
transferable except by will or by the laws of descent and distribution in
compliance with section 423 of the Code. Only the Participant to whom an Option
is granted may exercise such Option, unless he is deceased. No right or interest
of a Participant in any Option shall be liable for, or subject to, any lien,
obligation or liability of such Participant.

         3.7 Shareholder Rights. No Participant shall have any rights as a
shareholder with respect to shares of Stock subject to an Option granted
hereunder prior to the time that such Option is exercised.

         3.8 Delivery of Stock. Stock issued pursuant to the exercise of Options
hereunder, shall be delivered to Participants by the Corporation (or its
transfer agent) as soon as administratively feasible upon the request of such
Participant or, if earlier, upon his termination of employment with the
Corporation and all Affiliates.

         3.9 Dividend Income on Stock. Any cash dividends shall be paid to each
Participant on the basis of all of the Stock issued to the Participant hereunder
as of the record date designated for such dividend. Dividend payments shall be
made to Participants at the same time such payments are made to all other
shareholders of the Corporation.

                                  ARTICLE VIII
                              STOCK SUBJECT TO PLAN

         4.1 Source of Stock. Upon the purchase of Stock pursuant to the
exercise of an Option, the Corporation may deliver to the Participant newly
issued shares of Stock or Stock acquired in private transactions or open market
purchases.

         4.2 Maximum Number of Shares of Stock. The maximum aggregate number of
shares of Stock that may be issued pursuant to the exercise of Options is
400,000, subject to the adjustments provided in Article 6.

                                    ARTICLE X
                           ADMINISTRATION OF THE PLAN

         5.1 General Authority. The Plan shall be administered by the Committee.
The express grant in the Plan of any specific power to the Committee shall not
be construed as limiting any power or authority of the Committee. No member of
the Committee shall be liable for any act done in good

                                      - 6 -
<PAGE>   7
faith with respect to this Plan or any participation agreement or Option. The
Corporation shall bear all expenses of Plan administration. The interpretation
and construction by the Committee of any terms or provisions of this Plan or of
any rule or regulation promulgated in connection herewith, shall be conclusive
and binding on all persons. All determinations of the Committee shall be made by
a majority of its members. In addition to all other authority vested with the
Committee under the Plan, the Committee shall have complete authority to:

         (a) interpret all provisions of this Plan;

         (b) prescribe the form of any participation agreement and/or notice
hereunder and the manner for executing or giving the same;

         (c) adopt, amend, and rescind rules for Plan administration; and

         (d) make all determinations it deems advisable for the administration
of this Plan.

         5.2 Persons Subject to Section 16(b). Notwithstanding anything in the
Plan to the contrary, the Board, in its absolute discretion, may bifurcate the
Plan so as to restrict, limit or condition the use of any provision of the Plan
to Participants who are members of the Committee subject to Section 16(b) of the
Exchange Act without so restricting, limiting or conditioning the Plan with
respect to other Participants.

                                   ARTICLE VI
                        ADJUSTMENT UPON CORPORATE CHANGES

         6.1 Adjustments Upon Changes in Capitalization or Merger. Subject to
any required action by the shareholders of the Corporation, the aggregate number
of shares of Stock which have been authorized for issuance under the Plan shall
be proportionately adjusted for any increase or decrease in the number of issued
shares resulting from a share split or the payment of a share dividend with
respect to the Stock or any other increase or decrease in the number of issued
shares of Stock effected without receipt of consideration by the Corporation;
provided, however, that conversion of any convertible securities of the
Corporation shall not be deemed to have been "effected without receipt of
consideration". Such adjustment shall be made by the Committee, whose
determination in that respect shall be final, binding and conclusive. Except as
expressly provided herein, no issuance by the Corporation of Stock of any class,
or securities convertible into Stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number of shares
of Stock subject to an Option.

         In the event of the proposed dissolution or liquidation of the
Corporation, or in the event of a proposed sale of all or substantially all of
the assets of the Corporation, or the merger of the Corporation with or into
another corporation, Options granted under the Plan shall terminate immediately
prior to the consummation of such proposed action, unless otherwise provided by
the Committee. In such instances, the Committee may in its sole discretion
declare that any Option shall

                                      - 7 -
<PAGE>   8

terminate as of a date fixed by the Committee and give each Participant the
right to exercise his Option as to all or any part of the shares of Stock
subject to such Option.

         6.2 No Preemptive Rights. The issuance by the Corporation of shares of
Stock of any class, or securities convertible into shares of Stock of any class,
for cash or property, or for labor or services rendered, either upon direct sale
or upon the exercise of rights or warrants to subscribe therefor, or upon
conversion of shares of Stock or obligations of the Corporation convertible into
such shares or other securities, shall not affect, and no adjustment by reason
thereof shall be made with respect to, outstanding Options.

         6.3 Fractional Shares. Only whole shares of Stock may be acquired
through the exercise of an Option. Amounts remaining in a Participant's Payroll
Account after the maximum number of whole shares have been purchased on any
Purchase Date shall be held for use on the next Purchase Date, as provided in
Section 3.4(c) above.

                                   ARTICLE VII
              COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES

         7.1 General. No Option shall be exercisable, no shares of Stock shall
be issued, no certificates for shares of Stock shall be delivered, and no
payment shall be made under this Plan except in compliance with all applicable
laws, rules and regulations (including, without limitation, applicable
securities laws, rules and regulations, and withholding tax requirements). The
Corporation shall have the right to rely on an opinion of its counsel as to such
compliance. No Option shall be exercisable, no Stock shall be issued, no
certificate for shares of Stock shall be delivered and no payment shall be made
under this Plan until the Corporation has obtained such consent or approval as
the Committee may deem advisable from any regulatory bodies having jurisdiction
over such matters.

         7.2 Share Holding Periods. Participants shall not sell, transfer, loan,
grant an option for the purchase of, or otherwise dispose of any shares of Stock
purchased pursuant to the exercise of an Option for a period of 180 days from
the Purchase Date of such shares (or such other period as determined by the
Committee). Furthermore, in order for tax treatment under Section 421(a) of the
Code to apply to Stock acquired hereunder, the Participant is generally required
to hold such shares of Stock for two years after the Grant Date of an Option
pursuant to which such shares were acquired and for one year after the transfer
of such shares to the Participant. A person holding shares of Stock acquired
hereunder who disposes of shares prior to the expiration of such holding periods
shall notify the Corporation of such disposition in writing.

         7.3 Share Legends. Any certificate issued to evidence shares of Stock
for which an Option is exercised may bear such legends and statements as the
Corporation or Committee may deem advisable to assure compliance with applicable
laws, rules, regulations and Plan provisions. Such legends and statements may
include, but are not limited to, restrictions on transfer prior to the
expiration of the holding periods described in Section 7.2 above.

                                      - 8 -
<PAGE>   9

         7.4 Representations by Participants. As a condition to the exercise of
an Option, the Corporation may require a Participant to represent and warrant at
the time of any such exercise that the Stock is being purchased only for
investment and without any present intention to sell or distribute such Stock,
if, in the opinion of counsel for the Corporation, such representation is
required by any relevant provision of the laws referred to in Section 7.1. At
the option of the Corporation, a stop transfer order against any shares may be
placed on the official books and records of the Corporation, and a legend
indicating that the Stock may not be pledged, sold or otherwise transferred
unless an opinion of counsel was provided (concurred in by counsel for the
Corporation) and stating that such transfer is not in violation of any
applicable law or regulation may be stamped on the Stock certificate in order to
assure exemption from registration. The Committee may also require such other
action or agreement by the Participants as may from time to time be necessary to
comply with applicable laws, rules and regulations. This provision shall not
obligate the Corporation or any Affiliate to undertake registration or
qualification of Options or Stock hereunder or to perfect an exemption from such
registration/qualification requirements.

                                  ARTICLE VIII
                               GENERAL PROVISIONS

         8.1 Effect on Employment. Neither the adoption of this Plan, its
operation, nor any documents describing or referring to this Plan (or any part
thereof) shall confer upon any employee any right to continue in the employ of
the Corporation or an Affiliate or in any way affect any right and power of the
Corporation or an Affiliate to terminate the employment of any employee at any
time with or without assigning a reason therefor.

         8.2 Unfunded Plan. The Plan, insofar as it provides for grants, shall
be unfunded, and the Corporation shall not be required to segregate any assets
that may at any time be represented by grants under this Plan. Any liability of
the Corporation to any person with respect to any grant under this Plan shall be
based solely upon contractual obligations that may be created hereunder. No such
obligation of the Corporation shall be deemed to be secured by any pledge of, or
other encumbrance on, any property of the Corporation.

         8.3 Rules of Construction. Headings are given to the articles and
sections of this Plan solely as a convenience to facilitate reference. The
masculine gender when used herein refers to both masculine and feminine. The
reference to any statute, regulation or other provision of law shall be
construed to refer to any amendment to or successor of such provision of law.

         8.4 Governing Law. The laws of the State of Delaware shall apply to all
matters arising under this Plan, to the extent that Federal law does not apply.

         8.5 Compliance With Section 16 of the Exchange Act. With respect to
persons subject to Section 16 of the Exchange Act, transactions under this Plan
are intended to comply with all applicable conditions of Rule 16b-3 or its
successor under the Exchange Act. To the extent any provision of this Plan or
action by Committee fails to so comply, it shall be deemed null and void to the
extent permitted by law and deemed advisable by the Committee.

                                      - 9 -
<PAGE>   10

         8.6 Amendment. The Board may amend or terminate this Plan at any time;
provided, however, an amendment that would have a material adverse effect on the
rights of a Participant under an outstanding Option is not valid with respect to
such Option without the Participant's consent, except as necessary for Options
to maintain qualification under the Code. Provided further that the shareholders
of the Corporation must approve any amendment to the extent required for
compliance with Rule 16b-3 of the Exchange Act, Section 423 of the Code, or any
other applicable law or regulation.

         8.7 Effective Date of Plan. Options may be granted under this Plan upon
its adoption by the Board, provided that any such grant shall be conditioned
upon approval by shareholders holding a majority of the Corporation's
outstanding shares of beneficial interest present or represented by proxy and
entitled to vote at the next shareholders' meeting, which is duly held, that
occurs after Board approval of the Plan. Until the Plan is so approved by
shareholders, any Stock purchased pursuant to Options granted hereunder may not
be pledged, hypothecated, or in any manner encumbered by the Participant. This
restriction is in addition to any other restrictions described herein, including
the holding period requirements of Section 7.2 of the Plan. If the Plan is not
approved by the shareholders of the Corporation, as described above, within 12
months after the date on which the Plan is adopted by the Board, any shares of
Stock purchased pursuant to Options granted hereunder shall revert to the
Corporation and the Exercise Price paid by the Participant for such Stock shall
be paid to the Participant as ordinary compensation.

         IN WITNESS WHEREOF, the Corporation has caused this Plan to be executed
on this the 2nd day of April, 1999.

                                 TBA Entertainment Corporation

                                 /s/ Thomas Jackson Weaver III
                                 -----------------------------------------
                                 Thomas Jackson Weaver III
                                 Chairman and Chief Executive Officer

                                     - 10 -

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