Document:

Exhibit 10.13

 

SOC
TELEMED, INC.

EXECUTIVE
INCENTIVE BONUS PLAN

 

		1.	PURPOSE

 

The
purpose of the SOC Telemed, Inc. Executive Incentive Bonus Plan (as amended from time to time, the “Plan”)
is to motivate and reward eligible employees for their contributions toward the achievement of certain Performance Goals (as defined
below) by SOC Telemed, Inc. (together with its subsidiaries, the “Company”).

 

		2.	DEFINITIONS

 

The
following definitions shall be applicable throughout the Plan:

 

(a) “Award”
means the amount of cash incentive payable under the Plan to a Participant with respect to a Performance Period.

 

(b) “Board”
means the Board of Directors of the Company, as constituted from time to time.

 

(c) “Code”
means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall
include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future
legislation or regulation amending, supplementing or superseding such section or regulation.

 

(d) 
“Committee” means the Compensation Committee of the Board unless another Committee is designated by
the Board. The members of any Committee designated by the Board shall be appointed from time to time by, and serve at the pleasure
of, the Board. Any member of any such Committee may resign at any time by notice in writing mailed or delivered to the Secretary
of the Company. As of the Effective Date, the Plan shall be administered by the Compensation Committee of the Board.

 

(e) “Effective
Date” means October 30, 2020.

 

(f) “Participant”
means any officer or employee of the Company who is designated as a Participant by the Committee.

 

     

     

    

 

(g) “Performance
Goal” means a formula or standard determined by the Committee with respect to each Performance Period based on one
or more of the following criteria and any adjustment(s) thereto established by the Committee: (1) sales or non-sales revenue;
(2) return on revenues; (3) operating income; (4) income or earnings including operating income; (5) income or earnings before
or after taxes, interest, depreciation and/or amortization; (6) income or earnings from continuing operations; (7) net income;
(8) pre-tax income or after-tax income; (9) net income excluding amortization of intangible assets, depreciation and impairment
of goodwill and intangible assets and/or excluding charges attributable to the adoption of new accounting pronouncements; (10)
raising of financing or fundraising; (11) project financing; (12) revenue backlog; (13) gross margin; (14) operating margin
or profit margin; (15) capital expenditures, cost targets, reductions and savings and expense management; (16) return on assets
(gross or net), return on investment, return on capital, or return on shareholder equity; (17) cash flow, free cash flow, cash
flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital;
(18) performance warranty and/or guarantee claims; (19) stock price or total stockholder return; (20) earnings or book value per
share (basic or diluted); (21) economic value created; (22) pre-tax profit or after-tax profit; (23) strategic business
criteria, consisting of one or more objectives based on meeting specified market penetration or market share, completion of strategic
agreements such as licenses, joint ventures, acquisitions, and the like, geographic business expansion, objective customer satisfaction
or information technology goals, intellectual property asset metrics; (24) objective goals relating to divestitures, joint
ventures, mergers, acquisitions and similar transactions; (25) objective goals relating to staff management, results from staff
attitude and/or opinion surveys, staff satisfaction scores, staff safety, staff accident and/or injury rates, compliance, headcount,
performance management, completion of critical staff training initiatives; (26) objective goals relating to projects, including
project completion, timing and/or achievement of milestones, project budget, technical progress against work plans; and (27) enterprise
resource planning. Awards issued to Participants may take into account other factors (including subjective factors). Performance
Goals may differ from Participant to Participant, Performance Period to Performance Period and from Award to Award. Any criteria
used may be measured, as applicable, (i) in absolute terms, (ii) in relative terms (including, but not limited to, any increase
(or decrease) over the passage of time and/or any measurement against other companies or financial or business or stock index
metrics particular to the Company), (iii) on a per share and/or share per capita basis, (iv) against the performance of the Company
as a whole or against any affiliate(s), or a particular segment(s), a business unit(s) or a product(s) of the Company or individual
project company, (v) on a pre-tax or after-tax basis, and/or (vi) using an actual foreign exchange rate or on a foreign exchange
neutral basis.

 

(h) “Performance
Period” means the Company’s fiscal year, multiple fiscal years or any other period longer or shorter than
one fiscal year, as determined by the Committee, in its sole discretion. The Committee may establish different Performance Periods
for different Participants, and the Committee may establish concurrent or overlapping Performance Periods.

 

		3.	ADMINISTRATION

 

The
Plan shall be administered by the Committee, which shall have the discretionary authority to interpret the provisions of the Plan,
including all decisions on eligibility to participate, the establishment of Performance Goals, the amount of Awards payable under
the Plan, and the payment of Awards. The Committee shall also have the discretionary authority to establish rules under the Plan
so long as such rules do not explicitly conflict with the terms of the Plan and any such rules shall constitute part of the Plan.
The decisions of the Committee shall be final and binding on all parties making claims under the Plan. The Committee, in its sole
discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the
Plan to one or more directors and/or officers of the Company.

 

    -2-

     

    

 

		4.	ELIGIBILITY

 

Officers
and other key employees of the Company designated by the Committee to participate in the Plan shall be eligible to participate
in this Plan, provided the Committee has not, in its sole discretion, withdrawn such designation and he or she meets the following
conditions:

 

(a) is
a part-time or full-time regular employee of the Company as of the last day of the applicable Performance Period; and

 

(b) is
not subject to disciplinary action, is in good standing with the Company and is not subject to a performance improvement plan.

 

		5.	AMOUNT
OF AWARDS

 

With
respect to each Participant, the Committee will establish one or more Performance Periods, an individual Participant incentive
target (which may be, but is not required to be, based on the Participant’s base salary) for each Performance Period and
the Performance Goal(s) to be met during such Performance Period(s).

 

Except
as otherwise required by applicable law or as determined by the Committee, base salary shall not include salary paid during any
paid leave of absence or any variable forms of compensation including, but not limited to, overtime, on-call pay, lead premiums,
shift differentials, bonuses, incentive compensation, commissions, stock options, restricted stock units, restricted stock, stock
appreciation rights, or expense allowances or reimbursements. Nothing in the Plan, or arising as a result of a Participant’s
participation in the Plan, shall prevent the Company from changing a Participant’s base salary at any time based on such
factors as the Company shall in its discretion determine appropriate.

 

Awards
may be pro-rated on any basis determined appropriate in the Committee’s sole discretion, including, but not limited to,
in connection with transfers to new positions or new locations, new hires, Participants on a leave of absence for all or any portion
of a Performance Period, or Participants working less than full-time. The Committee reserves the right, in its sole discretion,
to increase, reduce or eliminate the amount of an Award otherwise payable to a Participant with respect to any Performance Period.

 

		6.	PAYMENT
OF AWARDS

 

(a) Unless
otherwise determined by the Committee, a Participant must be actively employed and in good standing with the Company on the date
the Award is paid. The Committee may make exceptions to this requirement in the case of retirement, death or disability, an unqualified
leave of absence or under other circumstances, as determined by the Committee in its sole discretion.

 

(b) Any
distribution made under the Plan shall be made in cash and shall occur within a reasonable period of time after the end of the
Performance Period in which the Participant has earned the Award.  Notwithstanding the foregoing, in order to comply with
the short-term deferral exception under Code Section 409A, if the Committee waives the requirement that a Participant must
be employed on the date the Award is to be paid, payout shall occur no later than the 15th day of the third month following the
later of (i) the end of the Company’s taxable year in which such Award is earned or (ii) the end of the calendar
year in which such Award is earned, or shall otherwise be structured to comply with, or be exempt from, Code Section 409A.

 

    -3-

     

    

  

		7.	GENERAL

 

(a) TAX
WITHHOLDING. The Company shall have the right to deduct from all Awards any applicable taxes, and any other deductions, required
to be withheld with respect to such payments. The Company also may withhold such amounts from any other amount payable by the
Company or any affiliate to the Participant, subject to compliance with applicable laws.

 

(b) CLAIM
TO AWARDS AND EMPLOYMENT RIGHTS. Nothing in the Plan shall confer on any Participant the right to continued employment with the
Company or any of its affiliates, or affect in any way the right of the Company or any affiliate to terminate the Participant’s
employment at any time, and for any reason, or change the Participant’s responsibilities. Awards represent unfunded and
unsecured obligations of the Company and a holder of any right hereunder in respect of any Award shall have no rights other than
those of a general unsecured creditor to the Company.

 

(c) BENEFICIARIES.
To the extent the Committee permits beneficiary designations, any payment of Awards under the Plan to a deceased Participant shall
be paid to the beneficiary duly designated by the Participant in accordance with the Company’s practices. If no such beneficiary
has been designated or survives the Participant, payment shall be made to the Participant’s legal representative, legal
beneficiary or estate, as applicable. A beneficiary designation may be changed or revoked by a Participant at any time, provided
the change or revocation is filed with the Committee prior to the Participant’s death.

 

(d) NONTRANSFERABILITY.
A person’s rights and interests under the Plan, including any Award previously made to such person or any amounts payable
under the Plan, may not be sold, assigned, pledged, transferred or otherwise alienated or hypothecated except, in the event of
a Participant’s death, to a designated beneficiary as provided in the Plan, or in the absence of such designation, by will
or the laws of descent and distribution.

 

(e) SUCCESSOR.
All obligations of the Company under the Plan, with respect to Awards granted hereunder, shall be binding on any successor to
the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or
otherwise, of all or substantially all of the business or assets of the Company.

 

(f) INDEMNIFICATION.
Each person who is or shall have been a member of the Committee and each employee of the Company or an affiliate who is delegated
a duty under the Plan shall be indemnified and held harmless by the Company from and against any loss, cost, liability or expense
that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit or
proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act under
the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in any such action, suit or proceeding
against him or her, provided such loss, cost, liability or expense is not attributable to such person’s willful misconduct.
Any person seeking indemnification under this provision shall give the Company prompt notice of any claim and shall give the Company
an opportunity, at its own expense, to handle and defend the same before the person undertakes to handle and defend such claim
on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification
to which such persons may be entitled, including under the Company’s Articles of Incorporation or Bylaws, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

 

    -4-

     

    

  

(g) EXPENSES.
The expenses of administering the Plan shall be borne by the Company.

 

(h) TITLES
AND HEADINGS. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any
conflict, the text of the Plan, rather than such titles or headings, shall control.

 

(i) INTENT.
It is the intent of this Plan that all payments hereunder be exempt from the requirements of Code Section 409A so that none of
the payments to be provided under this Plan will be subject to the adverse tax penalties imposed under Code Section 409A, and
any ambiguities or ambiguous terms herein will be interpreted to be so exempt. The Company and each Participant will work together
in good faith to consider amendments to the Plan or revisions to the Plan with respect to the payment of any Awards under the
Plan, which are necessary or appropriate to avoid imposition of any additional tax or income recognition prior to the actual payment
to the Participant under Code Section 409A. In no event will the Company reimburse a Participant for any taxes or other penalties
that may be imposed on the Participant as a result of Code Section 409A.

 

(j) GOVERNING
LAW. The validity, construction, and effect of the Plan, any rules and regulations relating to the Plan, and any Award shall be
determined in accordance with the laws of the Commonwealth of Virginia (without giving effect to principles of conflicts of laws
thereof) and applicable federal law.

 

(k) AMENDMENTS
AND TERMINATION. The Committee may terminate the Plan at any time, provided such termination shall not affect the payment of any
Awards accrued under the Plan prior to the date of the termination. The Committee may, at any time, or from time to time, amend
or suspend and, if suspended, reinstate, the Plan in whole or in part; provided, however, that any amendment of
the Plan shall be subject to the approval of the Company’s shareholders to the extent required to comply with applicable
laws, regulations or rules.

 

 

 

 -5-Exhibit
10.16(1)

 

Specialists
On Call, Inc.

 

1768 Business
Center Drive, Suite 100

Reston, VA 20190

 

October 23,
2020

 

R. Jason Hallock, MD

 

Re:Contemplated Option
Waiver

 

Dear Jason,

 

Specialists
On Call, Inc. (the “Company”) has entered into an Agreement and Plan of Merger (the “Merger Agreement”)
with Healthcare Merger Corp. (“Parent”) and certain other parties, pursuant to which the Company will, subject
to satisfaction of certain conditions, become a wholly owned subsidiary of Parent (the “Transaction”). The
Merger Agreement is attached to this agreement as Exhibit A. The terms of the Merger Agreement are incorporated into
the terms hereof and capitalized terms used in this agreement but not defined in this agreement have the meanings provided in
the Merger Agreement.

 

1.
Contemplated Company Option. You are receiving this contemplated option waiver (this “Agreement”) because
the Company previously communicated its intent to grant you an option to purchase shares of the Company’s common stock (the
“Ungranted Option”). In light of the Transaction, the Company is unable to grant you the Ungranted Option as
intended. However, provided that you sign and return this Agreement, you will be eligible to receive, in lieu of the Ungranted
Option, (a) a cash payment equal to $260,906 (which corresponds to the estimated spread value of the Ungranted Option, to the
extent it would have been vested as of the Closing Date had it been granted as intended, and less applicable taxes required to
be withheld), paid on or as soon as practicable after the Closing Date (the “Option Payment”), and (b) subject
to the approval of the Board of Directors of Parent following the Closing, an award of time-based vesting and performance-based
vesting restricted stock units substantially in the amounts set forth on Schedule I hereto.

 

2.
Withholding. The Company may withhold from the Option Payment such federal, state or local taxes as are required to be
withheld pursuant to any applicable law or regulation, or pursuant to your customary payroll elections. You understand and acknowledge
that the Company has not provided any advice regarding any tax liability resulting from the Option Payment and that you have been
advised to consult with your personal tax advisor or legal counsel.

 

     

     

    

 

3.
Release. In exchange for the Option Payment, which constitutes good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, you, on your own behalf and on behalf of your affiliates and their respective heirs, successors
and assigns (collectively, the “Contemplated Option Releasers”), hereby
irrevocably waive, acquit, remise, discharge and forever release Parent, the Company and the Surviving Entity and each of their
respective officers, managers, members, partners, employees, attorneys, affiliates and other representatives and any predecessor
or successor to any of them (collectively, the “Releasees”) from and against any and all liabilities, obligations,
actions, claims, demands, judgments, losses, damages, costs, expenses, taxes, penalties and interest (including without limitation
any related to Section 409A of the Internal Revenue Code) of any kind or nature whatsoever arising on or prior to the Closing
(including, but not limited to, those in respect of equity or equity-based awards (including the Ungranted Option) and those related
to the management, ownership or operation of the Company), in each case whether absolute or contingent, liquidated or unliquidated,
known or unknown, matured or unmatured or determined or undeterminable, and whether arising under any law, contract, agreement,
arrangement, commitment, undertaking or understanding, whether written or oral or otherwise at law or in equity, and you covenant,
on behalf of yourself and each other Contemplated Option Releaser, that no Contemplated Option Releaser shall seek to recover
any amounts in connection therewith or thereunder from the Releasees. Notwithstanding the immediately preceding sentence, the
waiver, release and discharge contained in this Section 3 shall not apply to: (a) claims arising under this Agreement
or any other agreement entered into between you and a Releasee on the date of the Closing (or that becomes effective as of the
date of the Closing) pursuant to the terms of the Merger Agreement; (b) rights in your capacity as an employee of the Company
to accrued but unpaid wages, salaries or other cash compensation arising in the ordinary course of business of the Company and
unreimbursed claims under employee health and welfare plans; and (c) claims that cannot be released or waived under applicable
law. Each of the Releasees shall be deemed to be an express third-party beneficiary of the terms and conditions of this Section 3.
You, on behalf of yourself and each other Contemplated Option Releaser, (x) acknowledge, represent, and warrant that you have
had adequate disclosure of all facts necessary to make a knowing release of all matters released hereunder; and (y) hereby waive
and relinquish any rights and benefits that may exist under any statute or common law principle of any jurisdiction relating to
the preservation of unknown claims, including California Civil Code Section 1542 (and any laws which are similar, comparable or
equivalent to such law), which provides:

 

A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER
FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT
WITH THE DEBTOR OR RELEASED PARTY.

 

4.
Confidentiality. You hereby agree that all confidential and non-public information concerning Parent, the Company and the
Surviving Entity any of their respective affiliates, or any of their respective businesses, operations, assets or liabilities
obtained by you before or after the date hereof (including these terms and the transactions contemplated by this Agreement) shall
not be disclosed by you to any third party; provided, however, that (a) you may disclose such information or terms
if compelled to do so by applicable law (provided that you, to the extent legally permitted, promptly notify the Company in advance
of disclosing such information, disclose only that portion of such information which you are advised by counsel in writing is
required to be so disclosed, and use reasonable best efforts to obtain an appropriate protective order or other reasonable assurance
that confidential treatment will be accorded such information); (b) you may disclose such information to a court or arbitrator
of competent jurisdiction in connection with any dispute or proceeding relating to this Agreement or any of the transactions contemplated
hereby; (c) you may disclose such information or terms to the extent they become generally available to the public other than
by virtue of a breach of this provision by you; and (d) you may disclose such information or terms to your professional advisers,
in each case, who: (i) need to know such information; and (ii) agree to keep it confidential and are subject to confidentiality
obligations no less restrictive than those contained in this Section 4; provided, further, that you shall
be responsible for any breach of this Section 4 by any of the foregoing persons as if such person were a party hereto).
Notwithstanding the above, pursuant to the Defend Trade Secrets Act of 2016, you shall not be held criminally or civilly liable
under any federal or state trade secret law for the disclosure of a trade secret that (x) is made (i) in confidence to a federal,
state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting
or investigating a suspected violation of law; or (y) is made in a complaint or other document filed in a lawsuit or other proceeding,
if such filing is made under seal.

 

    2

     

    

 

5.
Representations. You hereby acknowledge that you have been advised to consult with legal counsel. You represent and warrant
that: (a) you have the full power and authority to execute this Agreement and to bind yourself thereto; (b) this Agreement has
been duly and validly executed and delivered by you, constitutes a valid and binding obligation and agreement of you, and is enforceable
against you in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles;
(c) the execution, delivery and performance of this Agreement by you does not and will not violate or conflict with any law, rule,
regulation, order, judgment or decree applicable to you or material contract to which you are a party or by which you or your
properties are bound; and (d) that Parent, the Company and the Surviving Entity are express third party beneficiaries hereof.

 

6.
Specific Performance. The parties hereto acknowledge that Parent, the Company and the Surviving Entity will be irreparably
harmed and that there will be no adequate remedy at law for a violation of any of your covenants or agreements set forth herein.
Therefore, it is agreed that, in addition to any other remedies that may be available to Parent, the Company and the Surviving
Entity upon any such violation of these this Agreement, Parent, the Company and the Surviving Entity shall have the right to enforce
such covenants and agreements by specific performance, injunctive relief or by any other means available to Parent, the Company
and the Surviving Entity at law or in equity and you hereby waive any requirement for the security or posting of any bond in connection
with such enforcement.

 

7.
Severability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable,
then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision
of this Agreement, and all other provisions shall remain in full force and effect.

 

8.
Counterparts. This Agreement may be executed in counterparts (including via facsimile, DocuSign or .pdf file). A signed
copy of this Agreement delivered by e-mail or other means of electronic transmission shall be deemed to have the same legal effect
as delivery of an original signed copy of this Agreement.

 

9.
Governing Law; Exclusive Jurisdiction; Waiver of Jury Trial. Sections 11.7 and 11.8 of the Merger Agreement shall apply
as if fully set forth herein.

 

10.
No Third-Party Beneficiary. Nothing expressed or referred to in this Agreement will be construed to give you or any other
Contemplated Option Releaser any legal or equitable right, remedy, or claim under or with respect to the Merger Agreement or any
provision of the Merger Agreement. Notwithstanding anything to the contrary herein, Parent, the Company and the Surviving Entity
are express third party beneficiaries hereof.

 

11.
Contingent on Closing. The effectiveness of this Agreement is contingent on the occurrence of the Closing, and this Agreement
shall be null and void ab initio in the event the Closing does not occur.

 

[Signature
Page Follows]

 

    3

     

    

 

At
your earliest convenience, please review the terms below and please indicate your acceptance and agreement by signing this Agreement
in the space below and returning this Contemplated Option Waiver signature page.

 

	 	Specialists on Call, Inc.

 

	 	By:	/s/ Paul Ricci
	 	 	Paul Ricci, Executive Chairman

 

	Agreed to and Accepted by:

 

	Signed:	/s/ Robert Jason Hallock, MD	 	Date:	10/27/2020
	 	R. Jason Hallock, MD	 	 	 

 

Signature
Page to Contemplated Option Waiver

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