Document:

<PAGE>

                                APPOINTNET, INC.
                             1998 STOCK OPTION PLAN

                  AppointNet, Inc. (the "Company") hereby establishes and adopts
the AppointNet, Inc. 1998 Stock Option Plan (the "Plan"), as set forth in this
document.

                  1. Purpose. The Plan is intended to recognize the
contributions made to the Company and its Affiliates by employees, members of
the Board of Directors of the Company (whether or not employees), consultants
and advisors of the Company or of any Affiliate (as defined below), to provide
such persons with additional incentive to devote themselves to the future
success of the Company or an Affiliate, and to improve the ability of the
Company or an Affiliate to attract, retain, and motivate individuals upon whom
the Company's or an Affiliate's sustained growth and financial success depend,
by providing such persons with an opportunity to acquire or increase their
proprietary interest in the Company through receipt of rights to acquire the
Company's Common Stock, par value $0.01 per Share (the "Common Stock").

                  2. Definitions. Unless the context clearly indicates
otherwise, the following terms shall have the following meanings:

                  "Affiliate" means a corporation which is a parent corporation
or a subsidiary corporation with respect to the Company within the meaning of
Section 424(e) or (f) of the Code.

                  "Board of Directors" means the Board of Directors of the
Company.

                  "Change of Control" shall have the meaning as set forth in
Section 9 of the Plan.

                  "Code" means the Internal Revenue Code of 1986, as amended.

<PAGE>

                  "Committee" shall mean the Board of Directors or the committee
or committees established to administer the Plan in accordance with Section 3 of
the Plan.

                  "Company" means AppointNet, Inc., a Pennsylvania corporation.

                  "Disability" shall mean, in the case of an Optionee who is
covered by a disability policy or plan paid for or provided by the Company, a
condition which entitles the Optionee to benefits under such policy or plan or,
if there is no such policy or plan covering the Optionee, "Disability" shall
have the meaning set forth in Section 22(e)(3) of the Code.

                  "Fair Market Value" shall have the meaning set forth in
Subsection 8(b) of the Plan.

                  "ISO" means an Option granted under the Plan which is intended
to qualify as an "incentive stock option" within the meaning of Section 422(b)
of the Code.

                  "Non-qualified Stock Option" means an Option granted under the
Plan which is not intended to qualify, or otherwise does not qualify, as an
"incentive stock option" within the meaning of Section 422(b) of the Code.

                  "Option" means either an ISO or a Non-qualified Stock Option
granted under the Plan.

                  "Optionee" means a person to whom an Option has been granted
under the Plan, which Option has not been exercised and has not expired or
terminated.

                  "Option Document" means the document described in Section 8 of
the Plan, as applicable, which sets forth the terms and conditions of each grant
of Options.

                                      -2-
<PAGE>

                  "Option Price" means the price at which Shares may be
purchased upon exercise of an Option, as calculated pursuant to Subsection 8(b)
of the Plan.

                  "Shares" means the shares of Common Stock of the Company which
are the subject of Options under the Plan, except as the same may be modified
pursuant to the terms of Section 10 of the Plan.

                  3. Administration of the Plan.

                     (a) The Committee. The Plan shall be administered by the
Board of Directors of the Company, provided, however, that the Board of
Directors may designate a committee or committees to operate and administer the
Plan in its stead. In such event, (i) the Plan shall be administered by a
committee appointed by the Board of Directors composed of two or more "outside
directors" within the meaning of Section 162(m) of the Code, and (ii) no person
shall be eligible or continue to serve as a member of the Committee unless such
person is an "outside director" as aforesaid. Members of the Committee shall
serve at the pleasure of the Board of Directors which shall also fill any
vacancies in the membership of the Committee.

                     (b) Meetings. The Committee shall hold meetings at such
times and places as it may determine,shall keep minutes of its meetings, and
shall adopt, amend and revoke such rules or procedures as it may deem proper;
provided, however, that it may take action only upon the agreement of a majority
of the whole Committee. Any action which the Committee shall take through a
written instrument signed by a majority of its members shall be as effective as
though it had been taken at a meeting duly called and held. The Committee shall
report all actions taken by it to the Board of Directors.

                                      -3-

<PAGE>

                     (c) Grants. The Committee shall from time to time at its
discretion direct the Company to grant Options pursuant to the terms of the
Plan. The Committee shall have plenary authority to (i) determine the persons to
whom, the times at which, and the price at which Options shall be granted, (ii)
determine the type of Option to be granted and the number of Shares subject
thereto, and (iii) approve the form and terms and conditions of the Option
Documents; all subject, however, to the express provisions of the Plan. In
making such determinations, the Committee may take into account the nature of
the Optionee's services and responsibilities, the Optionee's present and
potential contribution to the Company's success and such other factors as it may
deem relevant. The interpretation and construction by the Committee of any
provisions of the Plan or of any Option granted under it shall be final, binding
and conclusive.

                     (d) Exculpation. No member of the Board of Directors shall
be personally liable for monetary damages for any action taken or any failure to
take any action in connection with the administration of the Plan or the
granting of Options under the Plan, provided that this Subsection 3(c) shall not
apply to (i) any breach of such member's duty of loyalty to the Company or any
Affiliate, or the Company's shareholders, (ii) acts or omissions not in good
faith or involving intentional misconduct or a knowing violation of law, (iii)
acts or omissions that would result in liability under applicable law, and (iv)
any transaction from which the member derived an improper personal benefit.

                     (e) Indemnification. Service on the Committee shall
constitute service as a member of the Board of Directors of the Company. Each
member of the Committee shall be entitled, without further act on his part, to
indemnity from the Company and limitation of liability to the fullest extent
provided by applicable law and by the Company's Articles of Incorporation and/or
By-laws in connection with or arising out of any action, suit or proceeding with
respect to the administration of the Plan or the granting of Options thereunder
in which he or she may be involved by reason of his or her being or having been
a member of the Committee, whether or not he or she continues to be such member
of the Committee at the time of the action, suit or proceeding.

                                      -4-

<PAGE>

                  4. Options under the Plan. Options under the Plan may be in
the form of a Non-qualified Stock Option, an ISO, or a combination thereof, at
the discretion of the Committee. More than one Option may be granted to any
individual, and each such grant may include Options which are intended to be
ISOs and Options which are not intended to be ISOs, but only on the terms and
subject to the conditions and restrictions of the Plan.

                  5. Eligibility. All employees, consultants and advisors of the
Company or of any Affiliate, and all members of the Board of Directors (whether
or not employees) shall be eligible to receive Options hereunder. The Committee,
in its sole discretion, shall determine whether an individual qualifies for an
Option under the Plan.

                  6. Shares Subject to Plan. The aggregate maximum number of
Shares for which Options may be granted pursuant to the Plan is Six Million Five
Hundred Thousand (6,500,000), subject to adjustment as provided in Section 10 of
the Plan. The Shares shall be issued from authorized and unissued Common Stock
or Common Stock held in or hereafter acquired for the treasury of the Company.
The Company shall not be obligated to acquire any Shares for purposes of the
Plan. If at the time the Company receives notice of the exercise of an Option
pursuant to Section 8 of the Plan, there are not sufficient authorized and
unissued Common Stock or Common Stock held in the treasury of the Company to
enable the Company to honor such Option, the Company may defer exercise of the
Option until such time as there are sufficient authorized and unissued Common
Stock or Common Stock held in the treasury of the Company to honor such Option.
If an Option terminates or expires without having been fully exercised for any
reason, the Shares for which the Option was not exercised may again be the
subject of one or more Options granted pursuant to the Plan.

                                      -5-

<PAGE>

                  7. Term of the Plan. The Plan is effective as of November 4,
1998, the date on which it was adopted by the Board of Directors, and is subject
to shareholder approval which must be obtained on or before November 4, 1999. If
for any reason the Company does not obtain shareholder approval as aforesaid,
this Plan shall remain in full force and effect, however all Options granted
under the Plan, whenever granted, shall be deemed Non-qualified Stock Options.
No Option may be granted under the Plan after the earlier of November 4, 2008,
or the termination of the Plan.

                  8. Option Documents and Terms. Each Option granted under the
Plan shall be a Non-qualified Stock Option unless the Option shall be
specifically designated at the time of grant to be an ISO for federal income tax
purposes. To the extent any Option designated an ISO is determined for any
reason not to qualify as an incentive stock option within the meaning of Section
422 of the Code, such Option shall be treated as a Non qualified Stock Option
for all purposes under the provisions of the Plan. Options granted pursuant to
the Plan shall be evidenced by the Option Documents in such form as the
Committee shall from time to time approve, which Option Documents shall comply
with and be subject to the following terms and conditions and such other terms
and conditions as the Committee shall from time to time require which are not
inconsistent with the terms of the Plan, and the Option Documents shall
expressly state the provisions of the Plan or incorporate them by reference.

                                      -6-
<PAGE>

                     (a) Number of Option Shares. Each Option Document shall
state the number of Shares to which it pertains. The maximum number of Shares
for which Options may be granted to any single Optionee in any calendar year,
subject to adjustment as provided in Section 10, shall be 1,000,000 Shares.

                     (b) Option Price. Each Option Document shall, subject to
adjustment as provided in Section 10 of the Plan, state the Option Price which,
for a Non-qualified Stock Option, may be less than, equal to, or greater than
the Fair Market Value of the Shares on the date the Option is granted and, for
an ISO, shall be at least 100% of the Fair Market Value of the Shares on the
date the Option is granted as determined by the Committee in accordance with
this Subsection 8(b); provided, however, that if an ISO is granted to an
Optionee who then owns, directly or by attribution under Section 424(d) of the
Code, shares possessing more than ten percent of the total combined voting power
of all classes of stock of the Company or an Affiliate, then the Option Price
shall be at least 110% of the Fair Market Value of the Shares on the date the
Option is granted. If the Common Stock is traded in a public market, then the
Fair Market Value per share shall be, if the Common Stock is listed on a
national securities exchange or included in the NASDAQ National Market, the last
reported sale price thereof on the relevant date, or, if the Common Stock is not
so listed or included, the mean between the last reported "bid" and "asked"
prices thereof on the relevant date, as reported on NASDAQ or, if not so
reported, as reported by the National Daily Quotation Bureau, Inc. or as
reported in a customary financial reporting service, as applicable and as the
Committee determines. If the Common Stock is not traded in a public market on
the relevant date, the Fair Market Value shall be as determined in good faith by
the Committee.

                                      -7-

<PAGE>

                     (c) Exercise. No Option shall be deemed to have been
exercised prior to the receipt by the Company of written notice of such exercise
(in such form as the Committee may prescribe) and of payment in full (except as
otherwise provided in Section 8(d)) of the Option Price for the Shares to be
purchased. Each such notice shall specify the number of Shares to be purchased
and shall (unless the Shares are covered by a then current registration
statement or a Notification under Regulation A under the Securities Act of 1933,
as amended (the "Act")), contain the Optionee's acknowledgment in form and
substance satisfactory to the Company that (i) such Shares are being purchased
for investment and not for distribution or resale (other than a distribution or
resale which, in the opinion of counsel satisfactory to the Company, may be made
without violating the registration provisions of the Act), (ii) the Optionee has
been advised and understands that (A) the Shares have not been registered under
the Act and are "restricted securities" within the meaning of Rule 144 under the
Act and are subject to restrictions on transfer and (B) the Company is under no
obligation to register the Shares under the Act or to take any action which
would make available to the Optionee any exemption from such registration, (iii)
such Shares may not be transferred without compliance with all applicable
federal and state securities laws, and (iv) an appropriate legend referring to
the foregoing restrictions on transfer and any other restrictions imposed under
the Option Documents may be endorsed on the certificates. Notwithstanding the
foregoing, if the Company determines that issuance of Shares should be delayed
pending (1) registration under federal or state securities laws, (2) the receipt
of an opinion of counsel satisfactory to the Company that an appropriate
exemption from such registration is available, (3) the listing, registration,
qualification or inclusion of the Shares on any securities exchange or an
automated quotation system or under any state or federal law or (4) the consent
or approval of any governmental regulatory body whose consent or approval is
necessary in connection with the issuance of such Shares, the Company may defer
exercise of any Option granted hereunder until any of the events described in
this sentence has occurred. Pursuant to Section 6 of the Plan, the Company may
also defer exercise of any Option granted hereunder if there are not sufficient
authorized and unissued Common Stock or Common Stock held in the treasury of the
Company such Option.

                                      -8-

<PAGE>

                     (d) Medium of Payment. Upon exercise of an Option, the
aggregate Option Price for the shares as to which the Option is being exercised
shall, in the discretion of the Committee be paid (i) in cash, (ii) by certified
or cashier's check payable to the order of the Company, or (iii) by such other
mode of payment as the Committee may approve, including payment through a broker
in accordance with procedures permitted by Regulation T of the Federal Reserve
Board. Furthermore, the Committee may provide in an Option Document that payment
may be made in whole or in part in shares of the Company's Common Stock held by
the Optionee. If payment is made in whole or in part in shares of the Company's
Common Stock, then the Optionee shall deliver to the Company certificates
registered in the name of such Optionee representing the shares owned by such
Optionee, free of all liens, claims and encumbrances of every kind and having an
aggregate Fair Market Value on the date of delivery that is at least as great as
the Option Price of the Shares (or relevant portion thereof) with respect to
which such Option is to be exercised by the payment in shares of Common Stock,
endorsed in blank or accompanied by stock powers duly endorsed in blank by the
Optionee. In the event that certificates for shares of the Company's Common
Stock delivered to the Company represent a number of shares of Common Stock in
excess of the number of shares of Common Stock required to make payment for the
Option Price of the Shares (or relevant portion thereof) with respect to which
such Option is to be exercised by payment in shares of Common Stock, the stock
certificate issued to the Optionee shall represent (i) the Shares in respect of
which payment is made, and (ii) such excess number of shares of Common Stock.
Notwithstanding the foregoing, the Committee may impose from time to time such
limitations and prohibitions on the use of shares of the Common Stock to
exercise an Option as it deems appropriate including, without limitation,
requiring that only shares that have been held by the Optionee for six months be
used.

                                      -9-

<PAGE>

                     (e) Termination of Options.

                        (i) No Option or any unexercised installment thereof
shall be exercisable after the first to occur of the following:

                        (A) Expiration of the Option term specified in the
Option Document, which, in the case of an ISO, shall not occur after (1) ten
years from the date of grant, or (2) five years from the date of grant of an ISO
if the Optionee on the date of grant owns, directly or by attribution under
Section 424(d) of the Code, shares possessing more than ten percent (10%) of the
total combined voting power of all classes of stock of the Company or of an
Affiliate;

                        (B) Expiration of three months from the date the
Optionee's employment or service with the Company or its Affiliates terminates
for any reason other than Disability or death or as otherwise specified in
subsection 8(e)(i)(D) or 8(e)(i)(E) below; provided, however, that such Option
was exercisable on the date of termination of employment or service under the
provisions of the Option Document or the Committee specifically waives the
restrictions relating to exercisability, if any, contained in the Option
Document;

                                      -10-

<PAGE>

                        (C) Expiration of one year from the date such employment
or service with the Company or its Affiliates terminates due to the Optionee's
Disability or death; provided, however, that such Option was exercisable on the
date of termination of employment or service under the provisions of the Option
Document or the Committee specifically waives the restrictions relating to
exercisability, if any, contained in the Option Document. The determination of
whether the termination of the Optionee's employment or service with the Company
is due to Disability shall be made by the Committee, and such determination
shall be final and binding on the Company and the Optionee;

                        (D) Except to the extent otherwise provided in an
Optionee's Option Document, a finding by the Committee, after full consideration
of the facts presented on behalf of both the Company and the Optionee, that the
Optionee has breached his or her employment or service contract with the Company
or an Affiliate, or has been engaged in disloyalty to the Company or an
Affiliate, including, without limitation, fraud, embezzlement, theft, commission
of a felony or proven dishonesty in the course of his or her employment or
service, or has disclosed trade secrets or confidential information of the
Company or an Affiliate. In such event, in addition to immediate termination of
the Option, the Optionee shall automatically forfeit all Shares for which the
Company has not yet delivered the share certificates upon refund by the Company
of the Option Price of such Shares. Notwithstanding anything herein to the
contrary, the Company may withhold delivery of share certificates pending the
resolution of any inquiry that could lead to a finding resulting in a
forfeiture;

                        (E) The date, if any, set by the Board of Directors as
an accelerated expiration date in the event of a Change of Control as defined
below; or

                                      -11-

<PAGE>

                        (F) The occurrence of such other event or events as may
be set forth in the Option Document as causing an accelerated expiration of the
Option.

                        (ii) Notwithstanding the foregoing, the Committee may
extend the period during which all or any portion of an Option may be exercised
to a date no later than the Option term specified in the Option Document
pursuant to Subsection 8(e)(i)(A), provided that any change pursuant to this
Subsection 8(e)(ii) which would cause an ISO to become a Non-qualified Stock
Option may be made only with the consent of the Optionee.

                        (iii) Notwithstanding anything to the contrary contained
in the Plan or an Option Document, an ISO shall be treated as a Non-qualified
Stock Option to the extent such ISO is exercised at any time after the
expiration of the time period permitted under the Code for the exercise of an
ISO.

                        (iv) Notwithstanding anything to the contrary contained
in the Plan, unless otherwise specifically provided in the Optionee's Option
Document, an Option shall be exercisable after the Optionee's employment or
service with the Company or its Affiliates has terminated only to the extent
such Option was exercisable on the date of such Optionee's termination of
employment or service.

                     (f) Transfers. No Option granted under the Plan may be
transferred, except by will or by the laws of descent and distribution. During
the lifetime of the person to whom an Option is granted, such Option may be
exercised only by such person. Notwithstanding the foregoing, (i) the Committee,
in its sole discretion, may grant an Option which permits, or may amend an
outstanding Option to permit, the transfer of such Option, without payment of
consideration, to immediate family members of the Optionee or to trusts or
partnerships for such family members, and (ii) an Optionee may transfer all or a
portion of a Non-qualified Stock Option, other than as provided in clause (i),
with the prior approval of the Board of Directors.

                                      -12-

<PAGE>

                     (g) Limitation on ISO Grants. In no event shall the
aggregate Fair Market Value of the Shares of Common Stock (determined at the
time an ISO is granted) with respect to which incentive stock options under all
incentive stock option plans of the Company or its Affiliates are exercisable
for the first time by the Optionee during any calendar year exceed $100,000 or
such greater sum as may here after be permitted under Section 422 of the Code.

                     (h) Other Provisions. Subject to the provisions of the
Plan, the Option Documents shall contain such other provisions including,
without limitation, provisions authorizing the Committee to accelerate the
exercisability of all or any portion of an Option granted pursuant to the Plan,
additional restrictions upon the exercise of the Option or additional
limitations upon the term of the Option, as the Committee shall deem advisable.

                     (i) Amendment. Subject to the provisions of the Plan, the
Committee shall have the right to amend Option Documents issued to an Optionee,
to the extent the terms to be amended are within the Committee's discretion as
provided in the Plan but subject to the Optionee's consent if such amendment is
not favorable to the Optionee, except that the consent of the Optionee shall not
be required for any amendment made pursuant to Subsection 8(e)(i)(E) or Section
9 of the Plan, as applicable.

                  9. Change of Control. In the event of a Change of Control,
except as otherwise determined by the Committee, all Options then outstanding
under the Plan immediately shall become vested and exercisable in full. In
addition, in the event of a Change of Control, the Committee may take whatever
action it deems necessary or desirable with respect to the Options outstanding,
including, without limitation, accelerating the expiration or termination date
in the respective Option Documents to a date no earlier than thirty (30) days
after notice of such acceleration is given to the Optionees.

                                      -13-

<PAGE>

                  A "Change of Control" shall be deemed to have occurred upon
the earliest to occur of the following events: (i) the date the shareholders of
the Company (or the Board of Directors, if shareholder action is not required)
approve a plan or other arrangement pursuant to which the Company will be
dissolved or liquidated, or (ii) the date the shareholders of the Company (or
the Board of Directors, if shareholder action is not required) approve a
definitive agreement to sell or otherwise dispose of substantially all of the
assets of the Company, or (iii) the date the shareholders of the Company (or the
Board of Directors, if shareholder not required) and the shareholders of the
other constituent corporation (or its board of directors if shareholder action
is not required) have approved a definitive agreement to merge or consolidate
the Company with or into such other corporation, other than, in either case, a
merger or consolidation of the Company in which holders of shares of the
Company's Common Stock immediately prior to the merger or consolidation will
have at least a majority of the ownership of common stock of the surviving
corporation (and, if one class of common stock is not the only class of voting
securities entitled to vote on the election of directors of the surviving
corporation, a majority of the voting power of the surviving corporation's
voting securities) immediately after the merger or consolidation, which common
stock (and, if applicable, voting securities) is to be held in the same
proportion as such holders' ownership of Common Stock of the Company immediately
before the merger or consolidation, or (iv) the date any entity, person or
group, within the meaning of Section 13(d)(3) or Section 14(d)(2) of the
Securities Exchange Act of 1934, as amended, other than Richard A. Rasansky,
members of the family of Richard A. Rasansky, or any trust or trusts for the
benefit of Richard A. Rasansky or his family members, the Company or any of its
subsidiaries, or any employee benefit plan (or related trust) sponsored or
maintained by the Company or any of its subsidiaries shall have become the
beneficial owner of, or shall have obtained voting control over, fifty percent
(50%) or more of the outstanding Shares of the Company's Common Stock.

                                      -14-

<PAGE>

                  10. Adjustments on Changes in Capitalization. In the event
that a dividend shall be declared upon the Common Stock payable in Shares of
Common Stock or if a stock split is declared with respect to the Common Stock,
the number of Shares of Common Stock then subject to any Option outstanding
under the Plan and the number of Shares reserved for the grant of Options
pursuant to the Plan but not yet subject to an Option shall be adjusted by
adding to each such Share the number of shares which would be distributable in
respect thereof if such Shares had been outstanding on the date fixed for
determining the shareholders of the Company entitled to receive such stock
dividend or stock split. In the event that the outstanding shares of Common
Stock shall be changed into or exchanged for a different number or kind of
shares of stock or other securities of the Company or of another corporation,
whether through reorganization, recapitalization, stock split combination of
shares, merger, consolidation or otherwise, there shall be substituted for each
Share of Common Stock subject to any such Option and for each Share of Common
Stock reserved for the grant of Options pursuant to the Plan but not yet subject
to an Option, the number and kind of shares of stock or other securities into
which each outstanding share of Common Stock shall have been so changed or for
which each such share shall have been exchanged. In the event there shall be any
change, other than as specified above in this Section 10, in the number or kind
of outstanding shares of Common Stock or of any stock or other securities into
which such Common Stock shall have been changed or for which it shall have been
exchanged, then if the Board of Directors shall in its sole discretion determine
that such change equitably requires an adjustment in the number or kind of
Shares theretofore reserved for the grant of Options pursuant to the Plan but
not yet subject to an Option and of the Shares then subject to Options, such
adjustment shall be made by the Board of Directors and shall be effective and
binding for all purposes of the Plan and of each Option outstanding thereunder.
In the case of any such substitution or adjustment as provided for in this
Section 10, the Option Price for each Share of stock or other security which
shall have been substituted for each Share of Common Stock covered by an
outstanding Option shall be adjusted appropriately to reflect such substitution
or adjustment. No adjustment or substitution provided for in this Section 10
shall require the Company to sell a fractional share of Common Stock, and the
total substitution or adjustment with respect to each outstanding Option shall
be limited accordingly.

                                      -15-

<PAGE>

                  11. Amendment or Termination of the Plan. The Board of
Directors may terminate the Plan in whole or in part at any time or amend the
Plan from time to time in such manner as it may deem advisable. Nevertheless,
the Board of Directors of the Company shall not (a) change the class of
individuals eligible to receive an ISO, (b) increase the maximum number of
Shares as to which Options may be granted or (c) if the Company has a class of
equity securities registered pursuant to Section 12 of the Exchange Act, make
any other change or amendment to which shareholder approval is required in order
to satisfy the conditions set forth in Rule 16b-3 promulgated under the Exchange
Act, in each case without obtaining shareholder approval within twelve months
before or after such action. Exept as otherwise permitted by the Plan, no
amendment to the Plan shall adversely affect any outstanding Option in any
material respect without the consent of the Optionee.

                                      -16-

<PAGE>

                  12. No Commitment to Retain. The grant of an Option pursuant
to the Plan shall not be construed to imply or to constitute evidence of any
agreement, express or implied, on the part of the Company or any Affiliate to
retain the Optionee in the employ of the Company or an Affiliate and/or as a
member of the Company's Board of Directors or in any other capacity, and nothing
in the Plan shall interfere with or limit in any way the right of the Company or
an Affiliate to terminate the employment or service of an Optionee.

                  13. Withholding of Taxes. Whenever the Company proposes or is
required to deliver or transfer Shares in connection with the exercise of an
Option, the Company shall have the right to (i) require the recipient to remit
or otherwise make available to the Company an amount sufficient to satisfy any
federal, state and/or local withholding tax requirements prior to the delivery
or transfer of any certificate or certificates for such Shares or (ii) take
whatever other action it deems necessary to protect its interests with respect
to tax liabilities. The Company's obligation to make any delivery or transfer of
Shares shall be conditioned on the Optionee's compliance, to the Company's
satisfaction, with any withholding requirement.

                                      -17-

<PAGE>

                  14. Interpretation. If the Company has a class of equity
securities registered pursuant to Section 12 of the Exchange Act, it is the
intent of the Company that transactions under the Plan with respect to directors
and officers (within the meaning of Section 16(a) of the Exchange Act) satisfy
the conditions of Rule 16b-3 promulgated under the Exchange Act. To the extent
that any provision of the Plan or action by the Committee would result in a
conflict with or fail to comply with any such condition, such provision or
action shall be deemed null and void as applied to such transactions to the
extent permitted by applicable law and deemed advisable by the Company. In
addition, with respect to employees subject to Section 162(m) of the Code,
transactions under the Plan are intended to avoid the loss of a deduction under
that Code section. Accordingly, to the extent any provision of the Plan or
action by the Committee fails to comply with Section 162(m) of the Code to avoid
the loss of a deduction, it shall be deemed null and void to the extent
permitted by law and deemed advisable by the Company.

                  15. Governing Law. The granting of Options and the issuance of
Shares under the Plan shall be subject to all applicable laws and regulations
and to such approvals by any governmental agency or national securities
exchanges as may be required. To the extent not pre-empted by Federal law, the
Plan and all Option Documents hereunder shall be construed in accordance with
and governed by the laws of the Commonwealth of Pennsylvania.

                                      -18-<PAGE>

                                                                 EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (the "Agreement"), effective as of January 1,
2000 (the "Effective Date"), is by and between ECAL CORPORATION, a Pennsylvania
corporation (the "Company"), and RICHARD A. RASANSKY, an individual
("Employee").

                               B A C K G R O U N D

         The Company wishes to employ Employee as Chairman of the Board of
Directors, President and Chief Executive Officer and Employee wishes to enter
into the employ of the Company on the terms and conditions set forth in this
Agreement.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants contained herein, the Company and Employee, intending to be legally
bound, hereby agree as follows:

         1. EMPLOYMENT. The Company hereby employs Employee as President and
Chief Executive Officer of the Company for the period and upon the terms and
conditions provided in this Agreement and Employee accepts such employment upon
the terms and conditions provided in this Agreement. Employee shall also serve
as Chairman of the Board (which shall be both an executive officer and Board
position) until otherwise determined by Employee or the Board of Directors of
the Company (the "Board").

         2. DUTIES. As President and Chief Executive Officer, Employee shall
have such authority and such responsibilities as the Board of Directors of the
Company reasonably may determine from time to time which are consistent with
such position. During the term of this Agreement, Employee shall devote his
working time, energy, skill and best efforts to the performance of his duties
hereunder in a manner which will faithfully and diligently further the business
and interests of the Company and shall not, during the Term, be engaged in any
other business activity, whether or not such business activity is pursued for
gain, profit, or other pecuniary advantage. This shall not be construed as
preventing Employee from investing his assets in such form or manner as will not
require services on the part of Employee that interfere with Employee's
performance of his duties hereunder or from serving actively on the board of
directors, advisory board or similar body of any other entity not in direct
competition with the Company, nor shall it be construed to preclude Employee
from performing civic or charitable services. Employee shall be nominated and
elected to serve as a director of the Company and shall, until otherwise
determined by Employee or the Board, be the Chairman of the Board of the
Company. If requested by the Company, Employee shall serve as a director of the
Company or one or more of its affiliates, without additional compensation.

1
<PAGE>

         3. TERM. The term of this Agreement shall be three (3) years,
commencing on the Effective Date and expiring on December 31, 2002 (the "Initial
Term"), and shall continue in full force and effect for consecutive one year
renewal periods after the expiration of the Initial Term unless (i) either party
elects to terminate this Agreement at the end of the then current term by giving
the other party written notice of termination at least 60 days prior to the end
of the then current term, or (ii) unless earlier terminated in accordance with
the terms of this Agreement. The Initial Term, together with each additional one
year term for which this Agreement is continued as described above, is hereafter
referred to as the "Term."

         4. COMPENSATION. During the Term, as compensation for the services
rendered by Employee to the Company, Employee shall receive the following:

                  a. BASE COMPENSATION. The Company shall pay to Employee an
annual base salary ("Base Compensation") of $200,000, unless otherwise modified
by agreement of the parties. Employee's Base Compensation shall be payable in
periodic installments in accordance with the Company's regular payroll practices
in effect from time to time. In the event the parties agree to renew the Term
after the Initial Term, the Company agrees that the Board will review the Base
Compensation.

                  b. BONUS. During the term of this Agreement, Employee shall
receive an annual bonus ("Bonus") to be paid promptly following the date the
determination is made as to whether the Performance Standards (as defined below)
were met, but in no event later than 60 days following completion of each fiscal
year of the Company, in such amount as the Board shall reasonably determine
based upon the achievement of the Performance Standards; provided, that the
Bonus for any fiscal year shall be not less than $50,000 if the Performance
Standards were met for such fiscal year. "Performance Standards" shall mean
reasonably appropriate measures of Employee and Company performance as are
mutually agreed to in writing by Employee and the Board prior to the
commencement of each fiscal year or, with respect to Year 2000, promptly
following the execution of this Agreement. The Employee and the Board shall each
negotiate the Performance Standards for each fiscal year in good faith, taking
into account the Company's financial condition and other relevant factors.

                  c. ACCRUED DEFERRED COMPENSATION AND EXPENSES. The Company
agrees and acknowledges that Employee is owed $146,000 for services rendered to
and expenses incurred for the Company prior to the date of this Agreement. The
Company shall pay $146,000 to Employee on the date of execution of this
Agreement by both parties.

         5. ADDITIONAL COMPENSATION FOLLOWING IPO. (i) Upon closing by the
Company on an initial public offering of its equity securities pursuant to an
effective registration statement under the Securities Act of 1933 (an "IPO"),
Employee will be eligible to be granted options under the Company's employee

2
<PAGE>

stock option plan in such number and on such terms as the Board may determine,
and (ii) PROMPTLY after the closing of an IPO, the Company and Employee shall
negotiate in good faith and shall thereafter, if appropriate, enter into an
amendment to this Agreement reflecting the results of such negotiations, the
object of which is to provide to Employee additional compensation and other
benefits in order to provide Employee with aggregate compensation and benefits
equivalent to those customarily provided to chief executive officers of public
companies of a similar size and stage of development in similar industries.

         6. EMPLOYEE BENEFITS. During the Term, Employee shall have the right to
participate in any retirement plans (qualified and nonqualified), 401K plan,
pension, insurance, health, disability or other benefit plan or program (other
than any stock option or other similar plan except as and to the extent
described in Paragraph 5 above) that has been or is hereafter adopted by the
Company on terms similar to other senior executives of the Company, in each case
subject to and in accordance with the terms of such plan or program. The Company
shall also during the Term reimburse Executive, on a quarterly basis (on the
first day of each calendar quarter), for premiums Executive pays for (i)
personal life insurance, not to exceed such amount as is necessary to purchase
$1,000,000 of term life insurance at a premium rate that is fixed for ten years,
and (ii) disability insurance with the intent to cover up to 100% of the Base
Compensation, such reimbursement not to exceed $3,500 per year.

         7. VACATION AND PERSONAL DAYS. Employee shall be entitled to such paid
vacation and personal days from time to time as are reasonable under the
circumstances.

         8. EXPENSES. Employee shall be reimbursed for all reasonable and
necessary business-related expenses in accordance with the Company's expense
reimbursement procedures.

         9. TERMINATION OF EMPLOYMENT. Notwithstanding any other provision of
this Agreement, Employee's employment with the Company may be terminated as set
forth below:

                  a. TERMINATION FOR CAUSE. The Company may discharge Employee
at any time for "Cause." For purposes of this Agreement, "Cause" shall mean (i)
the conviction of a crime by Employee constituting a felony, (ii) an intentional
and deliberate act of dishonesty by Employee that resulted in or was intended to
result in gain to or personal enrichment of Employee at the Company's expense,
(iii) the willful engaging by Employee of misconduct which is injurious to the
Company or (iv) failure to perform his duties under this Agreement or to
otherwise comply with the terms of this Agreement, if Employee does not cure
such failure within thirty (30) days after his receipt of written notice of such
failure; provided, that if requested by Employee prior to the expiration of such
thirty (30) day period, Employee shall be afforded a reasonable opportunity to
be heard by the Board prior to termination. After discharge, the Company shall
have no further obligations or liabilities hereunder to Employee other than
payment of Base Compensation and expense reimbursements for periods prior to the
last date of Employee's employment hereunder.

                  b. DEATH OR DISABILITY. Upon Employee's death during the Term,
the Company shall pay to his estate his Base Compensation through the date of
death and the Company shall have no further obligations or liabilities hereunder

3
<PAGE>

to Employee's estate or legal representative or otherwise, other than the
payment of expense reimbursements for periods of employment prior to the date of
Employee's death and the payment of a Bonus, if any, with respect to the then
current fiscal year prorated based on the number of days in the then-current
fiscal year through the date of death (a "Severance Bonus"). In the event that
the Employee is unable to substantially perform his duties hereunder by reason
of illness, accident or incapacity for 150 days in any 12 month period, the
Company may, in its sole discretion, terminate this Agreement without further
obligation or liabilities hereunder other than payment of Base Compensation
during the period of illness, accident or incapacity prior to termination and
the payment of a Severance Bonus as described above; PROVIDED, HOWEVER, that the
Company shall be entitled during the period of illness, accident or incapacity
to reduce the Base Compensation payable to Employee by the amount, if any,
received or receivable by Employee from Company sponsored or reimbursed
disability insurance or from worker's compensation, social security or other
governmental programs relating to the illness or incapacity.

                  c. TERMINATION WITHOUT CAUSE; TERMINATION WITH GOOD REASON.
The Company may discharge Employee at any time on thirty (30) days written
notice ("Termination without Cause"). Additionally, Employee may terminate his
employment with the Company (after notice and opportunity to cure as set forth
below) following (i) any reduction in Employee's title (other than Employee no
longer being President and/or Chairman, but remaining the Chief Executive
Officer and a Director of the Company) and any material reduction in Employee's
duties or responsibilities or working conditions, (ii) any adverse change in
Employee's Base Compensation and Bonus (subject to Paragraph 4(b)) and any
material adverse change in Employee's benefits, (iii) any relocation of the
premises at which Employee works to a location more than 30 miles from the
Company's current principal place of business, or (iv) the Company's material
breach of this Agreement, PROVIDED that with respect to each of (i), (ii), (iii)
and (iv) above Employee has delivered written notice to the Company of such
event, which notice shall provide details sufficient to permit the Company to
determine the nature thereof, and such event triggering the right to terminate
shall not have been cured within thirty (30) days after receipt by the Company
of such notice ("Termination With Good Reason"). Upon a Termination without
Cause or Termination With Good Reason, the Company shall pay to Employee Base
Compensation for a period equal to the greater of 12 months or through the end
of the then-current Term (disregarding the termination) and the Severance Bonus
for the year of termination (without regard to the date of termination or
whether Employee has met (as opposed to the Company) the Performance Standards
specific to him), provided, however, that such Severance Bonus shall not be less
than $50,000 irrespective of whether the Performance Standards were achieved by
the Company. Payment of the Severance Bonus shall be paid in accordance with
section 4(b).

                  d. TERMINATION FOLLOWING CHANGE IN CONTROL. In the event that
the Company discharges the Employee other than for Cause in contemplation of or
within one (1) year following a Change of Control, or Employee terminates this
agreement with Good Reason within one (1) year following a Change in Control,
the Company shall pay to Employee Base Compensation for the greater of two years
following the date of termination or through the end of the then current Term
(disregarding the termination) and the Severance Bonus for the year of
termination (without regard to the date of termination or whether Employee has
met (as opposed to the Company) the Performance Standards specific to him),
provided, however, that such Severance Bonus shall not be less than $50,000
irrespective of whether the Performance Standards were achieved by the Company.
Payment of the Severance Bonus shall be paid in accordance with section 4(b).
Termination by the Company after the execution by the Company of any letter of
intent, binding agreement or similar instrument with respect to a proposed
Change of Control, and any other termination without Cause by the Company within
three (3) months prior to a Change in Control, shall be deemed in contemplation
of the Change of Control. Notwithstanding the foregoing, in no event shall the
amount payable by the Company to Employee under this subsection 9(d) or
otherwise on account of, in connection with or contingent upon the Change in
Control exceed 2.99 times Employee's "base amount," within the meaning of

4
<PAGE>

Section 280G of the Internal Revenue Code of 1986, as amended. For purposes of
this Agreement "Change of Control" shall mean:

                (A) an acquisition by any "person" or "group" (as those terms
are defined or used in Section 13(d) of the Securities Exchange Act of 1934 (the
"Exchange Act"), and the regulations thereunder, as enacted and in force on the
date hereof), other than in connection with an initial public offering or any
other transaction in which Employee sold substantially all of his securities, of
"beneficial ownership" (within the meaning of Rule 13d-3 under the Exchange Act,
as enacted and in force on the date hereof), of securities of the Company
representing more than 40% (while the Company is not a public company) or 30%
(while the Company is a public company) of the combined voting power of the
Company's securities then outstanding;

                (B) a merger, consolidation or other reorganization of the
Company except where shareholders of the Company immediately prior to
consummation of any such transaction continue to hold at least a majority of the
voting power of the outstanding voting securities of the legal entity resulting
from or existing immediately after such transaction;

                (C) a sale, exchange, transfer or other disposition of
substantially all of the assets of the Company to another entity;

                (D) a contested proxy solicitation of the shareholders of the
Company which results in the contesting party obtaining the ability to cast at
least 30% of the votes entitled to be cast in an election of directors of the
Company;

                (E) a tender offer for the Company's stock which results in the
tender offeror obtaining in excess of 50.1% of the votes entitled to be cast in
an election of directors;

                (F) at any meeting of the stockholders at which directors are
elected, less than 51% of the directors elected were nominated by the members of
the Board in office at the time of such meeting.

         10. COMPANY PROPERTY. All advertising, sales and other materials or
articles or information, including without limitation, data processing reports,
customer sales analyses, invoices, price lists or information, or any other
materials or data of any kind furnished to Employee by the Company or developed
by Employee on behalf of the Company or at the Company's direction or for the
Company's use or otherwise in connection with Employee's employment hereunder,
are and shall remain the sole and confidential property of the Company. If the
Company requests the return of such materials at any time during or after the
termination of Employee's employment, Employee shall immediately deliver the
same to the Company.

         11. NONCOMPETITION, TRADE SECRETS, ETC.

             a. During the Term of this Agreement and for a period of one (1)
year after any of the end of the Term if this Agreement is not renewed despite
the Company's willingness to renew on substantially the same terms then in
effect or the termination of Employee's employment if such termination is by the
Company for Cause or by Employee and is not deemed a Termination With Good
Reason, Employee shall not, directly or indirectly, (i) solicit, hire or engage
any employee or independent contractor of the Company to render services for any
person or entity other than the Company, (ii) solicit, hire or engage any person
or entity who was employed with or provided services to the Company at any time
within six months of the termination of Employee's employment to render services

5
<PAGE>

for any person or entity, and/or (iii) engage in (as a principal, partner,
director, officer, agent, employee, consultant or otherwise), or be financially
interested in, or lend money to, any business which is involved in internet
calendaring or scheduling (other than as an ancillary and non-core component of
its business) anywhere in the world or otherwise directly competes with the
Company; PROVIDED, HOWEVER, that the foregoing restriction shall not prevent
Employee from holding for investment any securities held by Employee as of the
date hereof or constituting less than 5% of any class of equity securities of a
company whose securities are traded on a national securities exchange or traded
on the over the counter market.

             b. During the Term of this Agreement and at all times thereafter,
Employee shall not use for his personal benefit, or disclose, communicate or
divulge to, or use for the direct or indirect benefit of any person, firm,
association or company other than the Company, any material referred to in
Paragraph 10 above or any information regarding the business methods, business
policies, pricing or other procedures, techniques, research or development
projects or results, or any software, technology, trade secrets or other
intellectual property, knowledge or processes of or developed by or for the
Company or any names and addresses of subscribers, customers, clients or joint
venture partners or any data on or relating to past, present or prospective
subscribers, customers, clients or joint venture partners or any other
confidential information relating to or dealing with the assets, business
operations or activities of the Company, made known to Employee or learned or
acquired by Employee before and/or while in the employ of the Company.

             c. Any and all ideas, writings, improvements, processes,
inventions, procedures and/or techniques and other creative works and works of
authorship, whether or not patentable or copyrightable, which Employee may make,
conceive, discover or develop, either solely or jointly with any other person or
persons, at any time during the Term of this Agreement, whether during working
hours or at any time before or after working hours and whether at the request or
upon the suggestion of the Company or otherwise, which relate to or are useful
in connection with any business now or hereafter carried on or contemplated by
the Company, including developments or expansions of its present fields of
operations (collectively, the "Intellectual Property"), shall be deemed "Work
For Hire" and shall be the sole and exclusive property of the Company. Employee
shall make full disclosure to the Company of any and all Intellectual Property.
Employee hereby assigns and transfers to the Company all his right, title and
interest in and to the Intellectual Property, in consideration of his rights
hereunder and without any additional consideration, and agrees to do everything
necessary or desirable to vest the absolute title thereto in the Company
(including, without limitation, signing and delivering all documents requested
by the Company, such as assignments, certificates and other evidences of
transfer and patent and copyright applications and the like).

             d. Employee acknowledges and agrees that, because the Company is an
internet-based operation, the business activities of which are conducted
throughout the world, the type, nature and scope of the restrictions contained
in the foregoing subparagraphs 11(a), 11(b) and 11(c) (including restrictions
without any geographic limitation) are reasonable and necessary under the
circumstances in order to protect the legitimate interests of the Company, and
that any violation thereof would result in irreparable injuries to the Company,
and Employee therefore acknowledges that, in the event of his violation of any
of these restrictions, the Company shall be entitled to obtain from any court of
competent jurisdiction preliminary and permanent injunctive relief as well as
damages and an equitable accounting of all earnings, profits and other benefits
arising from such violation, which rights shall be cumulative and in addition to
any other rights or remedies to which the Company may be entitled.

             e. If the period of time or the unlimited geographical scope of the
noncompetition restrictions should be adjudged unreasonable in any proceeding,
then the period of time shall be reduced by such number of months or the area
shall be reduced by the elimination of such portion thereof or both, so that

6
<PAGE>

such restrictions may be enforced in such area and for such time as is adjudged
to be reasonable. If Employee violates any of the restrictions contained in the
foregoing subparagraph 11(a), the restrictive period shall not run in favor of
Employee from the time of the commencement of any such violation until such time
as such violation shall be cured by Employee to the satisfaction of the Company.

             f. Paragraphs 10 and 11 shall survive the termination of Employee's
employment as well as the expiration of this Agreement at the end of the Term or
at any time prior thereto.

         12. REPRESENTATION AND WARRANTIES. Employee represents and warrants to
the Company that he has full power to enter into this Agreement and perform his
duties hereunder; that the execution and delivery of this Agreement and his
performance of his duties hereunder shall not result in a breach of, or
constitute a default under, any agreement or understanding, oral or written, to
which he is a party or by which he may be bound; and this Agreement represents
the valid and legally binding obligation of Employee and is enforceable against
him in accordance with its terms.

         13. WITHHOLDING. Employee acknowledges and agrees that he is
responsible for paying any and all federal, state, and local income taxes and
all other applicable taxes assessed with respect to any money, benefits or other
consideration received from the Company and, to the extent required by
applicable statutes, rulings and regulations, the Company is entitled to
withhold any tax or other required payments or items from amounts otherwise due
Employee hereunder.

         14. MISCELLANEOUS.

             a. INDULGENCES, ETC. Neither the failure nor any delay on the part
of either party to exercise any right, power, privilege or remedy hereunder
("Right") under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any Right preclude any other or further exercise
of the same or of any other Right, nor shall any waiver of any Right with
respect to any occurrence be construed as a waiver of such Right with respect to
any other occurrence. No waiver shall be effective unless it is in writing and
is signed by the party asserted to have granted such waiver.

             b. CONTROLLING LAW. This Agreement and all questions relating to
its validity, interpretation, performance and enforcement (including, without
limitation, provisions concerning limitations of actions), shall be governed by
and construed in accordance with the laws of the Commonwealth of Pennsylvania,
and without the aid of any canon, custom or rule of law requiring construction
against the draftsman.

             c. NOTICES. All notices, requests, demands and other communications
required or permitted under this Agreement shall be in writing and shall be
deemed to have been duly given, made and received only when delivered
(personally, by courier service such as Federal Express, or by other messenger)
or when deposited in the United States mails, registered or certified mail,
postage prepaid, return receipt requested, addressed as set forth below:

7
<PAGE>
                   (1) If to Employee:

                       Richard A. Rasansky
                       234 N. Columbus Boulevard
                       Philadelphia, PA 19106

                       With a copy to:

                       Klehr, Harrison, Harvey, Branzburg and Ellers LLP
                       260 South Broad Street
                       Philadelphia, PA 19102
                       Attention:  Michael C. Forman

                   (2) If to the Company:

                       eCal Corporation
                       234 N. Columbus Boulevard
                       Philadelphia, PA 19106
                       Attention: Chief Financial Officer

                       With a copy to:

                       Cozen and O'Connor
                       1900 Market Street
                       Philadelphia, PA 19103
                       Attention:  Michael J. Heller

Any party may alter the address to which communications or copies are to be sent
by giving notice of such change of address in conformity with the provisions of
this paragraph for the giving of notice.

             d. BINDING NATURE OF AGREEMENT; ASSIGNABILITY. This Agreement shall
be binding upon and inure to the benefit of the Company and its successors and
assigns and shall be binding upon Employee, his heirs and legal representatives.
Upon the transfer of all or substantially all of the assets or business of the
Company, whether by merger, consolidation, purchase or otherwise, the Company
shall have the right with Employee's prior written consent to assign this
Agreement (including the restrictive covenants set forth in Paragraph 11) to the
transferee, in which case such transferee shall be deemed substituted for the
Company and shall be deemed to be a party hereto. Employee hereby agrees and
consents to any assignment pursuant to the preceding sentence.

             e. EXECUTION IN COUNTERPARTS. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original as
against any party whose signature appears thereon, and all of which shall
together constitute one and the same instrument. This Agreement shall become
binding when one or more counterparts hereof, individually or taken together,
shall bear the signatures of all of the parties reflected hereon as the
signatories.

             f. PROVISIONS SEPARABLE. The provisions of this Agreement are
independent of and separable from each other, and no provision shall be affected
or rendered invalid or unenforceable by virtue of the fact that for any reason
any other or others of them may be invalid or unenforceable in whole or in part.

             g. ENTIRE AGREEMENT. This Agreement contains the entire
understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements and
understandings, inducements or conditions, express or implied, oral or written,
except as herein contained. The express terms hereof control and supersede any
course of performance and/or usage of the trade inconsistent with any of the
terms hereof. This Agreement may not be modified or amended other than by an
agreement in writing.

             h. PARAGRAPH HEADINGS. The paragraph headings in this Agreement are
for convenience only; they form no part of this Agreement and shall not affect
its interpretation.

         IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement on the 31st day of March, 2000.

8
<PAGE>

                                  ECAL CORPORATION

                                  By: /s/ Richard Liebman
                                     ----------------------------
                                            Name: Richard Liebman
                                            Title: Chief Financial Officer

                                      /s/ Richard A. Rasansky
                                      ---------------------------
                                      Richard A. Rasansky

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]