Document:

Change in Control Separation Benefits Plan

  
 Exhibit 10.13

  
 SOUND SURGICAL TECHNOLOGIES INC. 
 CHANGE IN CONTROL SEPARATION BENEFITS PLAN 
  
 ARTICLE I 
 PURPOSE 
  
 The Board of Directors of the Company recognizes that the possibility of a Change in Control
may arise at some time in the future after the Company becomes a public company and that the threat or the occurrence of a Change in Control can result in significant distractions of its key executive personnel because of the uncertainties inherent
in such a situation. In addition, the Board has determined that it is essential and in the best interest of the Company and its stockholders to retain the services of its key executive personnel in the event of a threat of a Change in Control and to
ensure their continued dedication and efforts in such event without undue concern for their personal financial and employment security. Accordingly, the Company has adopted effective as of the Effective Date, the Sound Surgical Technologies Inc.
Change in Control Separation Benefits Plan as set forth in this document. 
  
 ARTICLE II 
 DEFINITIONS 
  
 As used herein, the following words and phrases shall have the following meanings: 
  
 2.1 Affiliate. The term “Affiliate” shall mean, with respect to any
person or entity, any entity directly or indirectly controlled by, controlling or under common control with such person or entity. 
  
 2.2 Base Salary. The term “Base Salary” shall mean, as to any Participant, the amount a Participant is entitled to receive as base wages or base
salary on an annualized basis as in effect immediately prior to a Change in Control or, if greater, at any time thereafter, in each case without reduction for any pre-tax contributions to benefit plans. Base Salary does not include bonuses,
commissions, overtime pay, shift pay, premium pay, cost of living allowances or income from stock options, stock grants or other incentives. 
  
 2.3 Benefits Plans. The term “Benefits Plans” shall mean all life insurance, medical, health and accident, dental, vision, disability, and
vacation plans or programs in which the Participant participates immediately prior to the Change in Control. 
  
 2.4 Board. The term “Board” shall mean the Board of Directors of the Company. 
  
 2.5 Bonus Amount. The term “Bonus Amount” shall mean, as to any Participant, an amount equal to the
Participant’s annual cash bonus which would have been payable under the Bonus Plan in which he or she participates (x) as of immediately prior to the Change in Control had he or she continued in employment until the end of the fiscal year of
the Employer in which the Change in Control occurs and had bonuses been payable at “target” levels for such year or (y) if greater, as of the Termination Date had he or she continued in employment until the end of the fiscal year of the
Employer in which the Termination Date occurs and had bonuses been payable at “target” levels for such year. 
  
 2.6 Bonus Plans. The term “Bonus Plans” shall mean any Company-wide or individual bonus plans now or hereafter adopted by the Board, or any
successors thereto. 
  
 2.7 Cause. “Cause” for
termination by the Employer of the Participant’s employment shall mean (i) willful and continued failure by the Participant to substantially perform the Participant’s duties on behalf of the Employer (other than any such failure resulting
from the Participant’s incapacity due to physical or mental illness or any such actual or anticipated failure after the issuance of a Notice of Termination for Good Reason by the Participant) for a period of at least thirty consecutive days
after a written demand for substantial performance has been delivered to the Participant by the Responsible Person, which demand 

  

 
specifically identifies the manner in which the Responsible Person believes that the Participant has not substantially performed the Participant’s
duties, (ii) willful misconduct or gross negligence by the Participant which is demonstrably and materially injurious to the Company or any of its subsidiaries, or (iii) the Participant is convicted of, or has entered a plea of nolo
contendere to, (x) a felony or (y) any crime (whether or not a felony) involving dishonesty, fraud, embezzlement or breach of trust. For purposes of clauses (i) and (ii) of this definition, an act, or failure to act, on the Participant’s
part shall not be deemed “willful” if done, or omitted to be done, by the Participant in good faith and with reasonable belief that the Participant’s act, or failure to act, was in the best interest of the Company. In addition, as to
any Participant who is a Named Executive Officer, the Participant shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to the Participant a copy of a resolution duly adopted by the affirmative vote
of not less than three-quarters of the entire membership of the Board, not including such such Participant if such Participant is a member of the Board, at a meeting of the Board (after reasonable notice to the Participant and an opportunity for the
Participant, together with the Participant’s counsel, to be heard before the Board), finding in good faith that the Participant has committed Cause as set forth in such clauses and specifying the circumstances constituting Cause. For purposes
of this definition, “Responsible Person” shall mean (i) for a Participant who is a Named Executive Officer, the Board, and (ii) for a Participant who is an Other Executive, the Named Executive Officer who is the direct or indirect
supervisor of the Participant. 
  
 2.8 Change in Control. A
“Change in Control” shall mean the occurrence of any of the following: 
  
 (a) An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting Securities”) by
any “Person” (as the term “person” is used for purposes of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), immediately after which such Person has “Beneficial
Ownership” (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than twenty percent (20%) of (i) the then-outstanding Shares or (ii) the combined voting power of the Company’s then-outstanding Voting Securities;
provided, however, that in determining whether a Change in Control has occurred pursuant to this paragraph (a), the acquisition of Shares or Voting Securities in a Non-Control Acquisition (as defined below) shall not constitute a Change in Control.
A “Non-Control Acquisition” shall mean an acquisition by (i) an employee benefit plan (or a trust forming a part thereof) maintained by (A) the Company or (B) any corporation or other Person the majority of the voting power, voting equity
securities or equity interest of which is owned, directly or indirectly, by the Company (for purposes of this definition, a “Related Entity”), (ii) the Company or any Related Entity, or (iii) any Person in connection with a Non-Control
Transaction (as defined below); 
  
 (b) The
individuals who, as of the Effective Date, are members of the Board (the “Incumbent Board”), cease for any reason to constitute at least a majority of the members of the Board or, following a Merger (as defined below), the board of
directors of (i) the corporation resulting from such Merger (the “Surviving Corporation”), if fifty percent (50%) or more of the combined voting power of the then-outstanding voting securities of the Surviving Corporation is not
Beneficially Owned, directly or indirectly, by another Person (a “Parent Corporation”) or (ii) if there is one or more than one Parent Corporation, the ultimate Parent Corporation; provided, however, that if the election by the Board of
any new director to fill a vacancy or a newly created directorship resulting from any increase in the authorized number of directors, or the election or nomination for election by the Company’s common stockholders of any new director, was
approved by a vote of at least two-thirds of the Incumbent Board, such new director shall, for purposes of the Plan, be considered a member of the Incumbent Board; and provided, further, however, that no individual shall be considered a member of
the Incumbent Board if such individual initially assumed office as a result of an actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Proxy Contest”), including by reason of any
agreement intended to avoid or settle any Proxy Contest; or 
  
 (c) The consummation of: 
  
 (i) A merger, consolidation or reorganization (x) with or into the Company or (y) in which securities of the Company are issued (a “Merger”), unless such Merger is a “Non-Control Transaction.” A
“Non-Control Transaction” shall mean a Merger in which: 
  
 (A) the Voting Securities immediately before such Merger represent, directly or indirectly, immediately following such Merger at least sixty percent (60%) of the combined voting power of the outstanding voting
securities of (1) the Surviving Corporation, if there is no Parent Corporation or (2) if there is one or more than one Parent Corporation, the ultimate Parent Corporation; 
  

 (B) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for such Merger constitute at least a majority of the members of the board of directors of (1) the Surviving Corporation, if there is no Parent Corporation, or (2) if there is one or more than one Parent
Corporation, the ultimate Parent Corporation; and 
  
 (C) no Person other than (1) the Company or another corporation that is a party to the agreement of Merger, (2) any Related Entity, (3) any employee benefit plan (or any trust forming a part thereof) that, immediately prior to the Merger,
was maintained by the Company or any Related Entity, or (4) any Person who, immediately prior to the Merger had Beneficial Ownership of twenty percent (20%) or more of the then outstanding Shares or Voting Securities, has Beneficial Ownership,
directly or indirectly, of twenty percent (20%) or more of the combined voting power of the outstanding voting securities or common stock of (x) the Surviving Corporation, if there is no Parent Corporation, or (y) if there is one or more than one
Parent Corporation, the ultimate Parent Corporation; provided, however, that any Person described in clause (4) of this subsection (C) may not, immediately following the Merger, Beneficially Own more than thirty percent (30%) of the combined voting
power of the outstanding voting securities of the Surviving Corporation or the Parent Corporation, as applicable, for the Merger to constitute a Non-Control Transaction; 
  
 (ii) A complete liquidation or dissolution of the Company; or 
  
 (iii) The sale or other disposition of all or substantially
all of the assets of the Company and its subsidiaries taken as a whole to any Person (other than (x) a transfer to a Related Entity or (y) the distribution to the Company’s stockholders of the stock of a Related Entity or any other assets).

  
 Notwithstanding the foregoing, a Change in Control shall not
be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the then outstanding Shares or Voting Securities as a result of the acquisition of Shares or Voting
Securities by the Company which, by reducing the number of Shares or Voting Securities then outstanding, increases the proportional number of Shares Beneficially Owned by the Subject Persons; provided that if a Change in Control would occur (but for
the operation of this sentence) as a result of the acquisition of Shares or Voting Securities by the Company and, after such acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional Shares or Voting Securities
and such Beneficial Ownership increases the percentage of the then outstanding Shares or Voting Securities Beneficially Owned by the Subject Person, then a Change in Control shall occur. 
  
 2.9 Code. The term “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 2.10 Company. The term “Company” shall mean Sound Surgical
Technologies Inc. 
  
 2.11 Effective Date. Pursuant to the
Board’s approval of the Plan, the “Effective Date” of the Plan is the date upon which the Company’s registration statement on Form SB-2 relating to the Company’s initial public offering of its common stock is declared
effective by the SEC. 
  
 2.12 Employer. The term
“Employer” shall mean, as applicable to any Participant, the Company or a subsidiary of the Company that employs the Participant. 
  
 2.13 ERISA. The term “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
  
 2.14 Excise Tax. The term “Excise Tax” shall mean the excise tax
imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax. 
  

 2.15 Good Reason. “Good Reason” for termination by the Participant of the Participant’s
employment shall mean the occurrence (without the Participant’s express written consent) of any one of the following acts by the Employer, or failures by the Employer to act, following the occurrence of a Change in Control: 
  
 (a) solely as to Participants who are Named Executive
Officers: a significant adverse change in the Participant’s authority, duties, responsibilities or position (including title, reporting level and status as an executive officer subject to Section 16(b) of the Exchange Act) from those in effect
immediately prior to the Change in Control; provided that, notwithstanding the foregoing, the following is not “Good Reason”: (A) an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the
Employer promptly after receipt of notice thereof given by the Participant, or (B) a change in the person to whom (but not the position to which) the Participant reports; 
  
 (b) solely as to Participants who are Other Executives: a significant adverse change in the
Participant’s authority, duties, responsibilities or position from those in effect immediately prior to the Change in Control; provided that, notwithstanding the foregoing, the following is not “Good Reason”: (A) an isolated,
insubstantial and inadvertent action not taken in bad faith and which is remedied by the Employer promptly after receipt of notice thereof given by the Participant, or (B) a change of less than two levels in the position to which the Participant
reports, (C) a change in the person to whom the Participant reports, or (D) the Participant ceasing to be an executive officer subject to Section 16(b) of the Exchange Act; and 
  
 (c) as to Participants who are either Named Executive Officers or Other Executives: 
  
 (i) a reduction in the Participant’s annual base salary
as in effect immediately prior to the Change in Control or as the same may be increased from time to time following the Change in Control, or a reduction in the level of the Participant’s bonus opportunity under the Bonus Plans as in effect
immediately prior to the Change in Control or as the same may be increased from time to time following the Change in Control; 
  
 (ii) the Employer’s requiring the Participant to change the office location at which the Participant is based which results in the
Participant having a commute to such location from the Participant’s residence in excess of 50 miles or in excess of 120% (in miles) of the Participant’s commute immediately prior to the date of such change of location, whichever is
greater; 
  
 (iii) the failure by the Company or
the Employer (as applicable) to pay to the Participant (x) any portion of the Participant’s annual base salary, (y) any awards earned pursuant to the Bonus Plans or (z) any portion of an installment of deferred compensation under any deferred
compensation program of the Company or any of its Affiliates, in each case within seven days of the date such compensation is due; 
  
 (iv) (x) the failure by the Company or the Employer (as applicable) to continue in effect any compensation plan or program in which the
Participant participates immediately prior to the Change in Control and which is material to the Participant’s total compensation, including, without limitation, the Bonus Plans and the Company’s Incentive Stock Plans, or any plans or
programs adopted in substitution therefor prior to the Change in Control, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan or program) has been made with respect to such plan or program, or (y) the failure by
the Company or the Employer (as applicable) to continue the Participant’s participation therein (or in such substitute or alternative plan or program) on a basis not materially less favorable, both in terms of the amount of benefits provided
and the level of the Participant’s participation relative to other positions as existed at the time of the Change in Control; 
  
 (v) (x) the failure by the Company or the Employer (as applicable) to continue to provide the Participant with benefits substantially
similar to those enjoyed by the Participant under any of the Company’s or the Employer’s (as applicable)life insurance, medical, health and accident, disability, and vacation plans and programs in which the Participant participates
immediately prior to the Change in Control or (y) the taking of any action by the Company or the Employer (as applicable) which would 

  

 
directly or indirectly materially reduce any of such benefits or deprive the Participant of any material fringe benefit enjoyed by the Participant
immediately prior to the Change in Control; 
  
 (vi) the failure of the Company to obtain a satisfactory agreement from any successor to assume and agree to perform this Plan, as contemplated in Article VII hereof, if required to do so; or 
  
 (vii) any purported termination of the Participant’s
employment by the Company or the Employer (as applicable) which is not effected pursuant to a Notice of Termination satisfying the requirements of Article V hereof (and for purposes of this Plan, no such purported termination shall be effective).

  
 The Participant’s right to terminate the
Participant’s employment for Good Reason shall not be affected by the Participant’s incapacity due to physical or mental illness. The Participant’s continued employment shall not constitute consent to, or a waiver of rights with
respect to, any act or failure to act constituting Good Reason hereunder. 
  
 Notwithstanding the foregoing, the occurrence of an event that would otherwise constitute Good Reason hereunder shall cease to be an event constituting Good Reason if (i) the Participant fails to provide the Company
with notice of the occurrence of any of foregoing within the six-month period immediately following the date on which the Participant first becomes aware (or reasonably should have become aware) of the occurrence of such event, (ii) the Participant
fails to provide the Company with a period of at least thirty days from the date of such notice to cure such event prior to terminating his or her employment for Good Reason or (iii) Notice of Termination is not provided to the Company by the
Participant within ninety days following the day on which the thirty-day period set forth in the preceding clause (ii) expires; provided, that the thirty-day notice period required by clause (ii) and referred to in clause (iii) shall end two days
prior to the second anniversary of the Change in Control in the event that the second anniversary of the Change in Control would occur during such thirty-day period. 
  
 2.16 [This Section intentionally left blank]. 
  
 2.17 Leave of Absence. The term “Leave of Absence” shall mean any leave of absence, whether or not approved by the
Company or the Employer, other than (i) family medical leave, (ii) personal leave for jury duty, (iii) military leave, (iv) any leave of absence approved for a period of less than six months (including vacation time and paid time off) and (v) any
leave of absence approved for a period of six months or more from which the Participant actually returns to work in less than six months. 
  
 2.18 Named Executive Officer. The term “Named Executive Officer” shall mean each individual whom is defined as such by the Rules and
Regulations. 
  
 2.19 Multiple. The “Multiple”
applicable to a Participant shall be as follows: 
  
 (a) if the Change in Control is not approved by resolution adopted by two-thirds of the members of the Incumbent Board who are not Participants: 
  
 (i) if the Participant is a Named Executive Officer as of the Termination Date, 2.99; 
  
 (ii) if the Participant is an Other Executive and reports
directly to a Named Executive Officer as of the Termination Date, 2.99; and 
  
 (iii) if the Participant is an Other Executive and does not report directly to a Named Executive Officer as of the Termination Date, 2. 
  
 (b) if the Change in Control is approved by resolution adopted by two-thirds of the members of the Incumbent
Board who are not Participants: 
  
 (i) if the
Participant is a Named Executive Officer as of the Termination Date, 2.0; and 
  

 (ii) if the Participant is an Other Executive as of the Termination Date, 1.0.

  
 2.20 Notice of Termination. The term “Notice of
Termination” shall mean a notice that indicates the specific provisions in this Plan relied upon as the basis for any termination of employment and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination of a Participant’s employment under the provision so indicated. No purported termination of employment shall be effective without a Notice of Termination. 
  
 2.21 Operating Unit. The term “Operating Unit” shall mean any subsidiary, division or other operating unit of the
Company or any of its subsidiaries. 
  
 2.22 Other Executive. The
term “Other Executive” shall mean each employee of the Company or its subsidiaries (whether located in the United States or in another country) designated as a vice president or as an executive of the Company with responsibility greater
than vice president, including executive vice presidents, chief operating officer, chief accounting officer, chief compliance officer, chief technical officer, chief marketing officer, chief legal officer, and chief sales officer, but excluding
Named Executive Officers. 
  
 2.23 Participant. The term
“Participants” shall mean those Named Executive Officers and Other Executives who meet the eligibility requirements of Article III of the Plan, excluding (x) individuals on Leave of Absence, and (y) individuals who remain employed solely
pursuant to a separation agreement with the Company or the Employer. An individual excluded as a Participant pursuant to clause (x) of this Section 2.23 shall be so excluded only during such Leave of Absence. 
  
 2.24 Payment. The term “Payment” shall mean any payment or
distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of a Participant, whether paid or payable pursuant to this Plan or otherwise. 
  
 2.25 Permanent Disability. The term “Permanent Disability” shall
mean (i) that a Participant is receiving long-term disability benefits under the disability plan in which the Participant participates as of the Termination Date, or (ii) if there is no such plan as of the Termination Date, that the Participant has
been substantially unable to perform his or her duties, services and responsibilities by reason of a physical or mental infirmity for 180 consecutive days. 
  
 2.26 Plan. The term “Plan” shall mean the Sound Surgical Technologies Inc. Change in Control Separation Benefits Plan as set forth in this
document. 
  
 2.27 Pro-Rata Bonus. The term “Pro-Rata
Bonus” shall mean, with respect to the fiscal year in which a Participant’s Termination Date occurs, an amount equal to the Bonus Amount multiplied by a fraction the numerator of which is the number of whole and partial months that have
elapsed in such fiscal year through the Termination Date (counting any partial month as a whole month for this purpose) and the denominator of which is twelve; provided, however, that the Pro-Rata Bonus shall be reduced, but not below zero, to the
extent of any annual cash bonus the Participant receives from the Employer in respect of the fiscal year in which the Termination Date occurs. 
  
 2.28 Rules and Regulations. The term “Rules and Regulations” shall mean the rules and regulations of the SEC as now in effect or as may be in
effect from time to time hereafter. 
  
 2.29 SEC. The term
“SEC” shall mean the United States Securities and Exchange Commission. 
  
 2.30 Severance Benefits. The term “Severance Benefits” shall mean the payments and benefits payable in accordance with Article IV of the Plan. 
  
 2.31 Shares. The term “Shares” shall mean the shares of common stock, par value $0.0001 per share, of the Company.

  

 2.32 Termination Date. The term “Termination Date” shall mean the date of the termination of a
Participant’s employment with the Employer as determined in accordance with Article V. 
  
 ARTICLE III 
 ELIGIBILITY 
  
 3.1 Commencement of Participation. 
  
 (a) Named Executive Officers. Each Named Executive Officer
as of the Effective Date shall automatically be a Participant in the Plan as of the Effective Date. Each individual who is designated by the Compensation Committee of the Board as a Participant following the Effective Date shall automatically be a
Participant in the Plan as of the date of such designation. 
  
 (b) Other Executives. Each Other Executive as of the Effective Date shall automatically be a Participant in the Plan as of the Effective Date. Each individual who becomes an Other Executive (whether by reason of being
hired or promoted) shall automatically be a Participant in the Plan as of the date that he or she becomes an Other Executive. 
  
 3.2 Duration of Participation. 
  
 (a) Named Executive Officers. A Participant who is a Named Executive Officer shall cease to be a Participant in the Plan (i) if, prior to
a Change in Control (but subject to Sections 4.2 and 8.2), he or she ceases to be a Named Executive Officer, or (ii) if his or her employment is terminated under circumstances where he or she is not entitled to Severance Benefits under the terms of
this Plan; provided, however, that, subject to Sections 4.2 and 8.2, if a Named Executive Officer ceases to be a Named Executive Officer but remains an Other Executive, he or she shall continue to participate in the Plan as an Other Executive.

  
 (b) Other Executives. A Participant who is an
Other Executive shall cease to be a Participant in the Plan (i) if, prior to a Change in Control (but subject to Sections 4.2 and 8.2), he or she ceases to be an Other Executive (other than by reason of becoming a Named Executive Officer), or (ii)
if his or her employment is terminated under circumstances where he or she is not entitled to Severance Benefits under the terms of this Plan. 
  
 (c) A Participant entitled to Severance Benefits under the terms of this Plan shall remain a Participant in the Plan until the full amount
of the Severance Benefits has been paid to him or her. 
  
 ARTICLE IV 
 SEVERANCE BENEFITS 
  
 4.1 Right to Severance Benefits. 
  

(a) Subject to Section 4.1(b): 
  
 (i) a Participant shall be entitled to receive Severance Benefits from the Company in the amount provided in Section 4.3(a) if (i) a
Change in Control has occurred and (ii) within two years thereafter, the Participant’s employment with the Employer terminates for any reason, except that, notwithstanding the foregoing provisions of this Section 4.1(a)(i), no Severance
Benefits under Section 4.3(a) shall be payable to a Participant should the Participant’s termination of employment be (A) initiated by the Employer for Cause, (B) by reason of Permanent Disability, (C) initiated by the Participant other than
for Good Reason, (D) by reason of the Participant’s death or (E) an Excluded Termination (as defined in Section 4.1(c)); and 
  
 (ii) a Participant shall be entitled to receive Severance Benefits from the Company in the amount provided in Section 4.3(b) if (i) a
Change in Control has occurred and (ii) within two years thereafter, the Participant’s employment with the Employer terminates for any reason, except that, 

  

 
notwithstanding the foregoing provisions of this Section 4.1(a)(ii), no Severance Benefits under Section 4.3(b) shall be payable to a Participant should the
Participant’s termination of employment be (A) initiated by the Employer for Cause, (B) by reason of Permanent Disability, (C) initiated by the Participant other than for Good Reason or (D) by reason of the Participant’s death. 

 
 (b) No Severance Benefits shall be provided to a
Participant unless the Participant has properly executed and delivered to the Company a release of claims and that release of claims has become irrevocable as provided therein. Such release of claims shall not be accepted by the Company unless it is
executed on or after the Participant’s Termination Date. The initial release of claims is attached to this Plan as Appendix A. Prior to the occurrence of a Change in Control, but subject to Section 8.2, the release of claims may be revised by
the Company. The Company may in any event modify the release of claims to conform it to the laws of the local jurisdiction applicable to a Participant so long as such modification does not increase the obligations of the Participant thereunder.

  
 (c) If, following a Change in Control, a
Participant’s employment with the Employer terminates in connection with the sale, divestiture or other disposition of the stock or assets of any Operating Unit (or part thereof) (a “Transaction”), such termination shall not be a
termination of employment of the Participant for purposes of the Plan, and (notwithstanding the rights provided to the Participant by Section 4.1(a)(i)) the Participant shall not be entitled to Severance Benefits as a result of such termination of
employment if (i) the Participant is offered continued employment, or continues in employment, with the divested Operating Unit (or part thereof) or the purchaser of the stock or assets of the Operating Unit (or part thereof), or one of their
respective Affiliates (the “Post-Transaction Employer”), as the case may be, on terms and conditions that would not constitute Good Reason and (ii) the Company obtains an agreement from the acquiror of the stock or assets of the divested
Operating Unit (or part thereof), enforceable by the Participant, to provide or cause the Post-Transaction Employer to provide severance pay and benefits, if the Participant accepts the offered employment or continues in employment with the
Post-Transaction Employer or its Affiliates following the Transaction, (A) at least equal to the Severance Benefits set forth in Section 4.3(a) and (B) payable upon a termination of the Participant’s employment with the Post-Transaction
Employer and its Affiliates within such portion of the two-year period described in Section 4.1(a)(i) as is then remaining and under the same circumstances set forth in Section 4.1(a)(i). For purposes of this Section 4.1(c), the terms
“Cause” and “Good Reason” shall have the meanings ascribed to them in Sections 2.6 and 2.16 respectively, but the term “Employer” as it is used in those Sections shall be deemed to refer to the entity employing the
Participant after the Transaction, the term “Company” as used in those Sections shall be deemed to refer to such entity or, if applicable, the ultimate parent corporation of such entity, and the term “Board” as used in those
Sections shall refer to the body serving the function of a board of directors for such entity or, if applicable, the ultimate parent corporation of such entity. 
  

A termination of employment described in this Section 4.1(c) is herein referred to as an “Excluded Termination.” In the circumstances
described in this Section 4.1(c), the Participant shall not be entitled to receive Severance Benefits under Section 4.3(a) of this Plan whether or not the Participant accepts the offered employment or continues in employment. The provisions of this
Section 4.1(c) do not create any entitlement to Severance Benefits from the Company and its subsidiaries in any circumstances whatsoever and are to be construed solely as a limitation on such entitlement in the circumstances herein set forth.

  
 (d) For purposes of determining a
Participant’s and the Company’s rights and obligations under the Plan, the transfer of employment of a Participant from the Company to one of its Affiliates, or from such an Affiliate to the Company, in each case whether before or after
the Change in Control, shall not constitute a termination of employment for purposes of the Plan. 
  
 4.2 If (i) a Participant’s employment is terminated by the Employer without Cause prior to the date of a Change in Control or (ii) an action is taken
with respect to the Participant prior to the date of a Change in Control that would constitute Good Reason if taken after a Change in Control, and the Participant reasonably demonstrates that such termination or action (A) was at the request of a
third party that has indicated an intention or taken steps reasonably calculated to effect a Change in Control or (B) otherwise 

  

 
arose in connection with, or in anticipation of, a Change in Control that has been threatened or proposed, such termination or action shall be deemed to have
occurred after such Change in Control for purposes of the Plan, so long as such Change in Control actually occurs. If any such termination or action occurs while an agreement is pending and the effective provisions of such agreement provide for a
transaction or transactions which if consummated would constitute a Change in Control, then such termination or action shall conclusively be presumed to have occurred in connection with a Change in Control. 
  
 4.3 Amount of Severance Benefits. 
  
 (a) Subject to Sections 4.3(c) through 4.3(f), if a
Participant’s employment is terminated in circumstances entitling him or her to the Severance Benefits provided in this Section 4.3(a), such Participant shall be entitled to each of the following: 
  
 (1) The Company shall pay to the Participant a Pro-Rata
Bonus in a lump sum within thirty days following the Termination Date. 
  
 (2) The Company shall pay to the Participant, as severance pay and in lieu of any further Base Salary for periods subsequent to the Termination Date, an amount of cash equal to the Multiple times the sum of (A) the
Base Salary and (B) the Bonus Amount, with such severance pay to be paid in substantially equal installments not less often than monthly over a number of years equal to the Multiple. 
  
 (3) For Participants who are U.S.-based employees eligible to participate in the Benefits Plans, for a
period (the “Continuation Period”) equal to the number of full and partial years subsequent to the Participant’s Termination Date equal to the Multiple, the Company shall continue, on behalf of the Participant and his or her
dependents and beneficiaries, the medical, accident, dental, vision, disability, life insurance benefits that were being provided to the Participant and his or her dependents and beneficiaries under the Benefits Plans immediately prior to the Change
in Control or, if greater, as of the Termination Date. The cost to the Participant of such coverage and the terms and conditions of such coverage, in each case during the Continuation Period, shall be the same as those applicable to similarly
situated active U.S-based employees of the Company and its subsidiaries during the Continuation Period. Following the Continuation Period, the Participant and his or her dependents and beneficiaries shall be eligible to elect medical and/or dental
continuation coverage pursuant to Section 601 of ERISA and Section 4980B of the Code, and the cost of such medical and dental continuation coverage shall be the same as is charged to terminated former salaried U.S.-based employees of the Company and
its subsidiaries during such period. The obligation under this Section 4.3(a)(3) with respect to the foregoing benefits shall be reduced to the extent that the Participant obtains any such benefits pursuant to a subsequent employer’s benefit
plans, in which case the Company may reduce or eliminate the coverage and benefits it is required to provide the Participant hereunder as long as the aggregate coverages and benefits of the combined benefit plans are no less favorable to the
Participant than the coverages and benefits required to be provided hereunder. 
  
 (b) Subject to Sections 4.3(c) through 4.3(f), if a Participant’s employment is terminated in circumstances entitling him or her to
the Severance Benefits provided in this Section 4.3(b), the Company may, to the extent it deems necessary or appropriate (including to comply with applicable law and to preserve grandfathered status of arrangements subject to Section 409A of the
Code), (1) cause the benefits payable hereunder to be paid from new arrangements or otherwise from the Company’s general assets and (2) cause the benefits to be provided from insured arrangements, or pursuant to new arrangements, individual
arrangements or otherwise. 
  
 (c) The payments
and benefits under this Plan to a Participant are intended to constitute the exclusive payments in the nature of severance or termination pay that shall be due to a Participant upon termination of his or her employment without Cause or for Good
Reason following a Change in Control and shall be in lieu of any such other payments under any agreement, plan, practice or policy of the Company or any of its Affiliates. Accordingly, if a Participant is a party to an employment, severance,
termination, salary continuation or other or similar agreement with the Company or any of its Affiliates, or is a participant in any other severance plan, practice or policy of the Company or any of its Affiliates, the 

  

 
severance pay to which the Participant is entitled under this Plan shall be reduced (but not below zero) by the amount of severance pay to which he or she is
entitled under such other agreement, plan, practice or policy; provided that the reduction set forth in this sentence shall not apply as to any other such agreement, plan, practice or policy that contains a reduction provision substantially similar
to this Section 4.3(c) so long as the reduction provision of such other agreement, plan, practice or policy is applied. The severance pay to which a Participant is otherwise entitled shall be further reduced (but not below zero) by any cash payments
to which the Participant may be entitled (x) under any federal, state or local plant-closing (or similar or analogous) law (including, without limitation, pursuant to the U.S. Worker Adjustment and Retraining Notification Act) or (y) under any law
outside the U.S. with respect to the payment of severance, termination indemnities or other, similar payments. In addition, cash Severance Benefits shall be reduced by the amount of short-term or long term disability benefits payable to a
Participant under any plan, program or arrangement of an Employer in the event that cash Severance Benefits payable hereunder cannot, by law, reduce the amount of short-term or long-term disability benefits payable to a Participant under such plan,
program, or arrangement. Non-cash Severance Benefits shall be provided under this Plan without duplication of the same or similar benefits to which a Participant may be entitled under any such agreement, plan, practice or policy. 
  
 (d) The Participant shall not be required to mitigate the
amount of any payment provided for in this Plan by seeking other employment or otherwise and, except as provided in Section 4.3(a)(3), no such payment shall be offset or reduced by the amount of any compensation or benefits provided to the Executive
in any subsequent employment. 
  
 (e) The
Company’s obligation to provide the Severance Benefits to a Participant shall be conditioned on the Participant’s continued compliance in all material respects with the restrictive covenants set forth in Section 6 of the release of claims
attached hereto as Appendix A. 
  
 (f) Any action
taken by the Company or any of its Affiliates that (i) forms a basis of a Participant’s termination of employment for Good Reason or (ii) is taken following the provision of a Notice of Termination and would constitute Good Reason shall be
disregarded in calculating the payments and benefits to be provided pursuant to this Section 4.3. 
  
 ARTICLE V 
 TERMINATION OF EMPLOYMENT 
  
 5.1 Written Notice Required. Any purported termination of employment, whether
by the Employer or by the Participant, shall be communicated by written Notice of Termination to the other. 
  
 5.2 Termination Date. In the case of the Participant’s death, the Participant’s Termination Date shall be his or her date of death. In all other
cases, the Participant’s Termination Date shall be the date specified in the Notice of Termination subject to the following: 
  
 (a) If the Participant’s employment is terminated by the Employer for Cause or due to Permanent Disability, the date specified in the
Notice of Termination shall be at least 30 days from the date the Notice of Termination is given to the Participant, provided that in the case of Permanent Disability the Participant shall not have returned to the full-time performance of his or her
duties during such period of at least thirty days; and 
  
 (b) If the Participant terminates his or her employment for Good Reason, the date specified in the Notice of Termination shall not be more than sixty days from the date the Notice of Termination is given to the Employer. 
  
 5.3 If the Participant terminates his or her employment for Good Reason, the
Company may, in its discretion, require the Participant to remain employed for transition purposes for not more than thirty days after the Termination Date (such period, the “Extension Period”). If the Company elects to continue the
Participant’s employment during the Extension Period pursuant to this Section 5.3, then (i) during the Extension Period, the Participant shall continue to receive compensation and employee benefits that are the 

  

 
same as in effect prior to the commencement of the Extension Period and (ii) no act, circumstance or occurrence during the Extension Period shall affect the
right of the Participant to receive the Severance Benefits determined as of the Termination Date, or if greater, determined as of the end of the Extension Period. 
  
 ARTICLE VI 
 EFFECT OF SECTIONS 280G AND 4999 OF THE CODE 
  
 6.1 Reduction of Payments if Excise Tax Applies. Anything in this Plan to the contrary notwithstanding, in the event it shall be determined that any Payment to or in respect of a Participant would be subject to the Excise Tax, then the
Payments shall be reduced (but not below zero) if and to the extent that a reduction in the Payments would result in the Participant retaining a larger amount, on an after-tax basis (taking into account federal, state and local income taxes and the
Excise Tax) than if the Participant received the entire amount of such Payments. Unless the Participant shall have given prior written notice specifying a different order to the Company to effectuate the foregoing, the Company shall reduce or
eliminate the Payments by first reducing or eliminating the portion of the Payments which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be
paid the farthest in time from the Determination (as defined below). Any notice given by the Participant pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing the
Participant’s rights and entitlements to any benefits or compensation. 
  
 6.2 Determination. The determination of whether the Payments shall be reduced as provided in Section 6.1 and the amount of such reduction shall be made at the Company’s expense by the Company’s independent
registered public accounting firm (the “Accounting Firm”), which shall provide its determination (the “Determination”), together with detailed supporting calculations and documentation to the Company and the Participant within
thirty business days after the Termination Date. If the Accounting Firm determines that no Excise Tax is payable by the Participant with respect to the Payments, it shall furnish the Participant with an opinion reasonably acceptable to the
Participant that no Excise Tax will be imposed with respect to any such payments and, absent manifest error, such Determination shall be binding, final and conclusive upon the Company and the Participant. If the provision of such opinion by the
Accounting Firm may or will impair, in such firm’s good faith and reasonable belief, its independence, then the Company may retain another accounting firm reasonably acceptable to the Participant for the purpose of rendering such opinion.

  
 ARTICLE VII 
 SUCCESSORS TO COMPANY 
  
 7.1 Successors. This Plan shall bind any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially
all of the business and/or assets of the Company, in the same manner and to the same extent that the Company would be obligated under this Plan if no succession had taken place. In the case of any transaction in which a successor would not by the
foregoing provision or by operation of law be bound by this Plan, the Company shall require such successor expressly and unconditionally to assume and agree to perform the obligations of the Company and each Employer under this Plan, in the same
manner and to the same extent that the Company and each Employer would be required to perform if no such succession had taken place. 
  
 ARTICLE VIII 
 DURATION, AMENDMENT AND
PLAN TERMINATION 
  
 8.1 Duration. This Plan shall continue in
effect until terminated in accordance with Section 8.2. If a Change in Control occurs, this Plan shall continue in full force and effect and shall not terminate or expire until after all Participants who have become entitled to Severance Benefits
hereunder shall have received such payments in full. 
  

 8.2 Amendment and Termination. Prior to a Change in Control, the Plan may be amended or modified in any
respect, and may be terminated, in any such case by resolution adopted by two-thirds of the members of the Incumbent Board who are not Participants; provided, however, that no such amendment, modification or termination that would adversely affect
the benefits or protections hereunder of any individual who is a Participant as of the date such amendment, modification or termination is adopted shall be effective as it relates to such individual unless no Change in Control has occurred prior to
the date of such amendment, modification or termination or, if a later effective date for such amendment, modification or termination is specified in the Board resolution authorizing or directing the same, then prior to such later effective date (it
being understood, however, that, subject to Section 4.2, the hiring, termination of employment, promotion or demotion of any employee of the Company or any of its Affiliates prior to a Change in Control shall not be construed to be an amendment,
modification or termination of the Plan) From and after the occurrence of a Change in Control, the Plan may not be amended or modified in any manner that would in any way adversely affect the benefits or protections provided hereunder to any
individual who is a Participant in the Plan on the date the Change in Control occurs. The revision of the release of claims attached hereto as Appendix A shall be deemed to be a modification of the Plan for purposes of this Section 8.2. 

 
 8.3 Form of Amendment. The form of any amendment, modification or
termination of the Plan in accordance with Section 8.2 hereof shall be a written instrument signed by a duly authorized officer or officers of the Company, certifying that the amendment or termination has been approved by two-thirds of the members
of the Incumbent Board who are not Participants. 
  
 ARTICLE IX

 MISCELLANEOUS 
  
 9.1 Legal Fees and Expenses. The Company shall pay all legal fees and related expenses (including the costs of experts, evidence and counsel) reasonably
and in good faith incurred by a Participant if the Participant prevails on his or her claim for relief in an action (i) by the Participant to obtain or enforce any right or benefit provided by this Plan or (ii) by the Company or the Employer to
enforce post-termination covenants against the Participant. 
  
 9.2 Employment Status. This Plan does not constitute a contract of employment or impose on any Employer any obligation to retain any Participant as an employee, to change the status of any Participant’s employment as a Named Executive
Officer or Other Executive (as applicable), or to change any employment policies of any Employer. 
  
 9.3 Withholding of Taxes. The Company shall withhold from any amounts payable under this Plan all federal, state, local or other taxes that are legally
required to be withheld. 
  
 9.4 No Effect on Other Benefits.
Severance Benefits shall not be counted as compensation for purposes of determining benefits under other benefit plans, programs, policies and agreements, except to the extent expressly provided therein or herein. 
  
 9.5 Validity and Severability. The invalidity or unenforceability of any
provision of the Plan shall not affect the validity or enforceability of any other provision of the Plan, which shall remain in full force and effect, and any prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
  
 9.6
Settlement of Claims. The Company’s obligation to make the payments provided for in this Plan and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off,
counterclaim, defense, recoupment, or other right which the Company may have against a Participant or others. 
  
 9.7 Unfunded Obligation. All Severance Benefits provided under this Plan shall constitute an unfunded obligation of the Company. Payments shall be made,
as due, from the general funds of the Company. This Plan shall constitute solely an unsecured promise by the Company to provide such 

  

 
benefits to Participants to the extent provided herein. For avoidance of doubt, any health or life insurance benefits to which a Participant may be entitled
under this Plan shall be provided under other applicable employee benefit plans of the Company or the Employer. This Plan does not provide the substantive benefits under such other employee benefit plans, and nothing in this Plan shall restrict the
Company’s or Employer’s ability to amend, modify or terminate such other employee benefit plans (whether before or after a Change in Control (but subject to Section 2.16 following a Change in Control)). 
  
 9.8 Governing Law. It is intended that the Plan be an “employee welfare
benefit plan” within the meaning of Section 3(1) of ERISA, and the Plan shall be administered in a manner consistent with such intent. The Plan and all rights thereunder shall be governed and construed in accordance with ERISA and, to the
extent not preempted by federal law, with the laws of the state of Delaware, wherein venue shall lie for any dispute arising hereunder. This Plan shall also be subject to all applicable non-U.S. laws as to Participants employed by subsidiaries of
the Company located outside of the United States. Without limiting the generality of this Section 9.8, it is intended that the Plan comply with Section 409A of the Code, and, in the event that this Plan is determined to be a “deferred
compensation plan” within the meaning of Section 409A(d)(1) of the Code, the Compensation Committee shall, as necessary, adopt such conforming amendments as are necessary to comply with Section 409A of the Code without reducing the Severance
Benefits due to Participants hereunder. 
  
 9.9 Assignment. This
Plan shall inure to the benefit of and shall be enforceable by a Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If a Participant should die while any amount is
still payable to the Participant under this Plan had the Participant continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Plan to the Participant’s estate. A
Participant’s rights under this Plan shall not otherwise be transferable or subject to lien or attachment. 
  
 9.10 Enforcement. This Plan is intended to constitute an enforceable contract between the Company and each Participant subject to the terms hereof.

  
 9.11 Arbitration. 
  
 (a) All claims, disputes and other matters in question
arising out of, or relating to, this Plan or any General Release executed pursuant to this Plan as between the Company and any Participant or any person claiming rights as a Participant shall be submitted to, and determined by, arbitration, if good
faith negotiations among the parties do not resolve such claim, dispute or other matter within forty-five (45) days of written notice of intent to arbitrate given by the Company or any Participant or any such person. Any arbitration shall be held in
the City and County of Denver, State of Colorado and shall proceed in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). The dispute shall be arbitrated by a panel of three (3) arbitrators
selected in accordance with the Commercial Arbitration Rules of the AAA (the “Arbitration Panel”). 
  
 (b) In connection with any arbitration commenced hereunder, the parties agree to permit reasonable discovery in accordance with AAA rules,
as may be modified or amended by a majority decision of the Arbitration Panel. Any disputes concerning discovery shall be resolved by the Arbitration Panel. 
  
 (c) The Arbitration Panel shall have no authority whatsoever to award punitive or exemplary damages or to enter an award ex aequo et
bono. 
  
 (d) Each party shall bear all of
its own expenses and pay the costs and fees of the arbitration as shall be allocated by the Arbitration Panel. 
  
 (e) The award rendered by the Arbitration Panel shall be final and judgment may be entered in accordance with applicable law and in any
court having jurisdiction thereof. 
  

 (f) Any party may at any time apply to a court having jurisdiction for a temporary
restraining order, preliminary injunction or other provisional remedy where such relief is necessary to protect its interests pending completion of the arbitration proceeding, but such remedies shall not be sought as a means to avoid or stay
arbitration. 
  
 9.12 Effective Date. This Plan has been adopted
and approved by the Board this          day of January 2005, to be effective on the Effective Date as defined above. 
  

  
 Appendix A 

Form of Release of Claims 
  
 GENERAL RELEASE 
  
 1. General Release. 
  
 In consideration of the payments and benefits to be made under the Sound Surgical Technologies Inc. Change in Control Separation Benefits Plan (the
“Plan”), (the “Employee”), with the intention of binding the Employee and the Employee’s heirs, executors, administrators and assigns, does hereby release, remise, acquit and forever discharge Sound Surgical Technologies
Inc. (the “Company”) and each of its subsidiaries and affiliates (the “Company Affiliated Group”), their present and former officers, directors, executives, agents, attorneys, employees and employee benefits plans (and the
fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (collectively, the “Company Released Parties”), of and from any and all claims, actions, causes of action, complaints, charges, demands, rights,
damages, debts, sums of money, accounts, financial obligations, suits, expenses, attorneys’ fees and liabilities of whatever kind or nature in law, equity or otherwise, whether accrued, absolute, contingent, unliquidated or otherwise and
whether now known or unknown, suspected or unsuspected which the Employee, individually or as a member of a class, now has, owns or holds, or has at any time heretofore had, owned or held, against any Company Released Party in any capacity,
including, without limitation, any and all claims (i) arising out of or in any way connected with the Employee’s service to any member of the Company Affiliated Group (or the predecessors thereof) in any capacity, or the termination of such
service in any such capacity, (ii) for severance or vacation benefits, unpaid wages, salary or incentive payments, (iii) for breach of contract, wrongful discharge, impairment of economic opportunity, defamation, intentional infliction of emotional
harm or other tort and (iv) for any violation of applicable state and local labor and employment laws (including, without limitation, all laws concerning unlawful and unfair labor and employment practices), any and all claims based on the Employee
Retirement Income Security Act of 1974 (“ERISA”), any and all claims arising under the civil rights laws of any federal, state or local jurisdiction, including, without limitation, Title VII of the Civil Rights Act of 1964 (“Title
VII”), the Americans with Disabilities Act (“ADA”), Sections 503 and 504 of the Rehabilitation Act, the Family and Medical Leave Act, the Age Discrimination in Employment Act (“ADEA”) and any and all claims under any
whistleblower laws or whistleblower provisions of other laws including, without limitation, the Sarbanes-Oxley Act of 2002, excepting only: 
  
 (a) rights of the Employee under this General Release and the Plan; 
  
 (b) rights of the Employee relating to equity awards held by the Employee as of his or her Termination Date (as defined in
the Plan); 
  
 (c) the right of the Employee to receive COBRA
continuation coverage in accordance with applicable law; 
  
 (d)
rights to indemnification the Employee may have (i) under applicable corporate law, (ii) under agreements with the Company, (iii) under the by-laws or certificate of incorporation of any Company Released Party or (iv) as an insured under any
director’s and officer’s liability insurance policy now or previously in force; 
  
 (e) claims (i) for benefits under any health, disability, retirement, deferred compensation, life insurance or other, similar employee benefit plan or arrangement of the Company Affiliated Group and (ii) for earned
but unused vacation pay through the Termination Date in accordance with applicable Company policy; and 
  
 (f) claims for the reimbursement of unreimbursed business expenses incurred prior to the Termination Date pursuant to applicable Company policy.

  

 2. No Admissions. The Employee acknowledges and agrees that this General Release is not to be construed in any way as an
admission of any liability whatsoever by any Company Released Party, any such liability being expressly denied. 
  
 3. Application to all Forms of Relief. This General Release applies to any relief no matter how called, including, without limitation, wages, back pay, front pay,
compensatory damages, liquidated damages, punitive damages for pain or suffering, costs and attorney’s fees and expenses. 
  
 4. Specific Waiver. The Employee specifically acknowledges that his or her acceptance of the terms of this General Release is, among other things, a specific waiver of
his or her rights, claims and causes of action under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of any kind; provided, however, that nothing herein shall be deemed, nor does anything herein purport, to
be a waiver of any right or claim or cause of action which by law the Employee is not permitted to waive. 
  
 5. No Complaints or Other Claims. The Employee acknowledges and agrees that he or she has not, with respect to any transaction or state of facts existing prior to the date hereof, filed any complaints, charges or
lawsuits against any Company Released Party with any governmental agency, court or tribunal. 
  
 6. Conditions of General Release. 
  
 (a) Terms and Conditions. From and after the Termination Date, the Employee shall abide by all the terms and conditions of this General Release and the terms and conditions set forth in the Company’s policies concerning terms and
conditions of employment, which is incorporated herein by reference, or the provisions, if any, of an employment agreement between the Employee and the Company. 
  

(b) Confidentiality. The Employee shall not, without the prior written consent of the Company or as may otherwise be required by law or any legal
process, or as is necessary in connection with any adversarial proceeding against any member of the Company Affiliated Group (in which case the Employee shall cooperate with the Company in obtaining a protective order at the Company’s expense
against disclosure by a court of competent jurisdiction), communicate, to anyone other than the Company and those designated by the Company or on behalf of the Company in the furtherance of its business, any trade secrets, confidential information,
knowledge or data relating to any member of the Company Affiliated Group, obtained by the Employee during the Employee’s employment by the Company that is not generally available public knowledge (other than by acts by the Employee in violation
of this General Release). 
  
 (c) Return of Company Material. The
Employee represents that he or she has returned to the Company all Company Material (as defined below). For purposes of this Section 6(c), “Company Material” means any documents, files and other property and information of any kind
belonging or relating to (i) any member of the Company Affiliated Group, (ii) the current and former suppliers, creditors, directors, officers, employees, agents and customers of any of them or (iii) the businesses, products, services and operations
(including without limitation, business, financial and accounting practices) of any of them, in each case whether tangible or intangible (including, without limitation, credit cards, building and office access cards, keys, computer equipment,
cellular telephones, pagers, electronic devices, hardware, manuals, files, documents, records, software, customer data, research, financial data and information, memoranda, surveys, correspondence, statistics and payroll and other employee data, and
any copies, compilations, extracts, excerpts, summaries and other notes thereof or relating thereto), excluding only information (x) that is generally available public knowledge or (y) that relates to the Employee’s compensation or employee
benefits. 
  
 (d) Cooperation. Following the Termination Date, the
Employee shall reasonably cooperate with the Company upon reasonable request of the Board and be reasonably available to the Company with respect to matters arising out of the Employee’s services to the Company Affiliated Group. 
  
 (e) Nondisparagement. The Employee agrees not to communicate negatively about
or otherwise disparage any Company Released Party or the products or businesses of any of them in any way whatsoever. 
  

 (f) Nonsolicitation. The Employee agrees that for the period of time beginning on the date hereof and
ending on the second anniversary of the date of the Change in Control, the Employee shall not, either directly or indirectly, solicit, entice, persuade, induce or otherwise attempt to influence any person who is employed by any member of the Company
Affiliated Group to terminate such person’s employment by such member of the Company Affiliated Group. The Employee also agrees that for the same period of time he or she shall not assist any person or entity in the recruitment of any person
who is employed by any member of the Company Affiliated Group. The Employee’s provision of a reference to or in respect of any individual shall not be a violation this Section 6(f). 
  
 (g) No Representation. The Employee acknowledges that, other than as set forth in this Agreement and the Plan, (i) no
promises have been made to him or her and (ii) in signing this General Release the Employee is not relying upon any statement or representation made by or on behalf of any Company Released Party and each or any of them concerning the merits of any
claims or the nature, amount, extent or duration of any damages relating to any claims or the amount of any money, benefits, or compensation due the Employee or claimed by the Employee, or concerning the General Release or concerning any other thing
or matter. 
  
 (h) Injunctive Relief. In the event of a breach or
threatened breach by the Employee of this Section 6, the Employee agrees that the Company shall be entitled to injunctive relief in a court of appropriate jurisdiction to remedy any such breach or threatened breach, the Employee acknowledging that
damages would be inadequate or insufficient. 
  
 7. Voluntariness. The Employee
agrees that he or she is relying solely upon his or her own judgment; that the Employee is over eighteen years of age and is legally competent to sign this General Release; that the Employee is signing this General Release of his or her own free
will; that the Employee has read and understood the General Release before signing it; and that the Employee is signing this General Release in exchange for consideration that he or she believes is satisfactory and adequate. 
  
 8. Legal Counsel. The Employee acknowledges that he or she has been informed of the right to
consult with legal counsel and has been encouraged to do so. 
  
 9. Complete
Agreement/Severability. This General Release constitutes the complete and final agreement between the parties and supersedes and replaces all prior or contemporaneous agreements, negotiations, or discussions relating to the subject matter of this
General Release. All provisions and portions of this General Release are severable. If any provision or portion of this General Release or the application of any provision or portion of the General Release shall be determined to be invalid or
unenforceable to any extent or for any reason, all other provisions and portions of this General Release shall remain in full force and shall continue to be enforceable to the fullest and greatest extent permitted by law. 
  
 10. Acceptance. The Employee acknowledges that he or she has been given a period of
twenty-one (21) days within which to consider this General Release, unless applicable law requires a longer period, in which case the Employee shall be advised of such longer period and such longer period shall apply. The Employee may accept this
General Release at any time within this period of time by signing the General Release and returning it to the Company. 
  
 11. Revocability. This General Release shall not become effective or enforceable until seven (7) calendar days after the Employee signs it. The Employee may revoke his or
her acceptance of this General Release at any time within that seven (7) calendar day period by sending written notice to the Company. Such notice must be received by the Company within the seven (7) calendar day period in order to be effective and,
if so received, would void this General Release for all purposes. 
  
 12.
Amendment, Termination of Plans. The Company retains the right (to the extent permitted by law) to amend, modify or terminate the Plan in accordance with its terms, and nothing in this General Release affects or alters that right. If the Employee
signs and returns the General Release, any later 

  

 
amendment, modification or termination shall have no effect on the amount of Severance Benefits the Employee is eligible to receive as set forth in the Plan
as in effect on the date that the Employee signs this General Release. 
  
 13.
Governing Law. Except for issues or matters as to which federal law is applicable, this General Release shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without giving effect to the conflicts of
law principles thereof. 
  
 Please indicate your acceptance of
this General Release by signing and dating this letter and returning it to the Company. A duplicate of this letter is enclosed for your records. 
  

			
	 Very truly yours,

	
	 
	 Name:
	 	 
	 Title:Severance Plan for Executives and Officers

  
 Exhibit 10.16

  
 SOUND SURGICAL TECHNOLOGIES INC. 
  
 SEVERANCE PLAN FOR EXECUTIVES AND OFFICERS 
  
 ARTICLE I 
  
 BACKGROUND, PURPOSE AND TERM OF PLAN 
  
 Section 1.01 Purpose of the Plan. The purpose of the Plan is to provide Eligible Employees with certain
compensation and benefits as set forth in the Plan in the event the Eligible Employee’s employment with the Company or a Subsidiary is terminated due to an Involuntary Termination. The Plan is not intended to be an “employee pension
benefit plan” or “pension plan” within the meaning of Section 3(2) of ERISA. Rather, this Plan is intended to be a “welfare benefit plan” within the meaning of Section 3(1) of ERISA and to meet the descriptive requirements
of a plan constituting a “severance pay plan” within the meaning of regulations published by the Secretary of Labor at Title 29, Code of Federal Regulations, section 2510.3-2(b). Accordingly, the benefits paid by the Plan are not
deferred compensation and no employee shall have a vested right to such benefits. 
  
 Section 1.02 Term of the Plan. The Plan shall generally be effective as of the Effective Date and shall supersede any prior plan, program or policy under which the Company or any Subsidiary
provided severance benefits prior to the Effective Date of the Plan. The Plan shall continue until terminated pursuant to Article VIII of the Plan. 
  
 ARTICLE II  
  
 DEFINITIONS 
  
 Section 2.01 “Alternative Position” shall mean a position with the Company that: 
  
 (a) does not result in the Employee having a commute to the
location of such position from the Employee’s residence in excess of 50 miles or in excess of 120% (in miles) of the Employee’s commute immediately prior to the date of such change of location, whichever is greater (for positions that are
essentially mobile, the mileage limitation does not apply); and 
  
 (b) provides the Employee with pay and benefits (not including perquisites or long term incentive compensation) that are comparable in the aggregate to the Employee’s current position. 
  
 The Plan Administrator has the exclusive discretionary authority to determine
whether a position is an Alternative Position. 
  
 Section
2.02 “Base Salary” shall mean the annual base salary in effect as of the Participant’s Termination Date. 
  
 Section 2.03 “Board” shall mean the Board of Directors of the Company, or any successor thereto, or a committee thereof
specifically designated for purposes of making determinations hereunder. 
  
 Section 2.04 “Cause” for termination by the Employer of the Employee’s employment shall mean (i) willful and continued failure by the Participant to substantially perform the
Employee’s duties on behalf of the Employer for a period of at least thirty consecutive days after a written demand for substantial 

  

 
performance has been delivered to the Participant, which demand specifically identifies the manner in which the Plan Administrator believes that the Employee
has not substantially performed the Employee’s duties, (ii) willful misconduct or gross negligence by the Employee which is demonstrably and materially injurious to the Company or any of its subsidiaries, or (iii) the Employee is convicted of,
or has entered a plea of nolo contendere to, (x) a felony or (y) any crime (whether or not a felony) involving dishonesty, fraud, embezzlement or breach of trust. For purposes of clauses (i) and (ii) of this definition, an act, or failure to
act, on the Employee’s part shall not be deemed “willful” if done, or omitted to be done, by the Employee in good faith and with reasonable belief that the Employee’s act, or failure to act, was in the best interest of the
Company. 
  
 Section 2.05 “COBRA” shall
mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. 
  
 Section 2.06 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 Section 2.07 “Committee” shall mean the Compensation Committee of the Board or such other committee appointed by the Board to
assist the Company in making determinations required under the Plan in accordance with its terms. The “Committee” may not delegate its authority under the Plan to an individual, but may delegate its authority to the Audit Committee of the
Board. 
  
 Section 2.08 “Compensation
Committee” shall mean the “Committee,” or the Compensation Committee of the Board of Directors of Sound Surgical Technologies Inc. 
  
 Section 2.09 “Company” shall mean Sound Surgical Technologies Inc. Unless it is otherwise clear from the context, Company shall
generally include the Company’s Subsidiaries. 
  
 Section
2.10 “Effective Date” shall mean the date on which the initial public offering and sale of the common stock of the Company is consummated. 
  

Section 2.11 “Eligible Employee” shall mean an Employee employed in the United States who is an Officer and who has been an
Employee for one (1) year or more, regardless of whether or not employed in the United States during all or any part of a qualifying period. If there is any question as to whether an Employee is deemed an Eligible Employee for purposes of the Plan,
the Committee shall make the determination. 
  
 Section
2.12 “Employee” shall mean an individual employed by Sound Surgical Technologies Inc. or a Subsidiary as a common law employee, but shall not include any person working for the Company through a temporary service or on a leased
basis or who is hired by the Company as an independent contractor, consultant, or otherwise as a person who is not an employee for purposes of withholding federal employment taxes, as evidenced by payroll records or a written agreement with the
individual, regardless of any contrary governmental or judicial determination or holding relating to such status or tax withholding. 
  
 Section 2.13 “Employer” shall mean the Company or any Subsidiary with respect to which this Plan has been adopted. 
  
 Section 2.14 “ERISA” shall mean the Employee
Retirement Income Security Act of 1974, as amended, and regulations thereunder. 
  
 Section 2.15 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 Section 2.16 “Involuntary Termination” shall mean a termination of the Participant initiated by the Company or a Subsidiary for
any reason other than Cause, Permanent Disability or death, as provided under and subject to the conditions of Article III. 
  

 2 

 Section 2.17 “Notice Pay” shall mean the amounts that a Participant is eligible
to receive pursuant to Article IV of the Plan. 
  
 Section
2.18 “Officer” shall mean each individual defined as a Named Executive Officer in the rules and regulations of the United States Securities and Exchange Commission as now in effect or as may be in effect from time to time
hereafter and each employee of the Company or its subsidiaries located in the United States designated as a vice president or as an executive of the Company with responsibility greater than vice president, including executive vice presidents, chief
operating officer, chief accounting officer, chief compliance officer, chief technical officer, chief marketing officer, chief legal officer, and chief sales officer; provided, however, that if an individual serves in more than one of such
positions, the benefits under the Plan shall be provided once only, it being the intent of the Company that an Eligible Employee will not receive a windfall by virtue of serving in more than one position under which he or she would be defined as an
“Officer.” 
  
 Section 2.19
“Participant” shall mean any Eligible Employee who meets the requirements of Article III and thereby becomes eligible for salary continuation and other benefits under the Plan. 
  
 Section 2.20 “Permanent Disability” shall mean that
an Employee has a permanent and total incapacity from engaging in any employment for the Employer for physical or mental reasons. A “Permanent Disability” shall be deemed to exist if the Employee meets the requirements for disability
benefits under the Employer’s long-term disability plan or under the requirements for disability benefits under the Social Security law (or similar law outside the United States, if the Employee is employed in that jurisdiction) then in effect,
or if the Employee is designated with an inactive employment status at the end of a disability or medical leave. 
  
 Section 2.21 “Plan” means the Sound Surgical Technologies Inc. Severance Plan for Executives and Officers as set forth herein, and
as the same may from time to time be amended. 
  
 Section
2.22 “Plan Administrator” shall mean the individual(s) appointed by the Committee to administer the terms of the Plan as set forth herein and if no individual is appointed by the Committee to serve as the Plan Administrator for
the Plan, the Plan Administrator shall be the Committee. Notwithstanding the preceding sentence, in the event the Plan Administrator is an individual and is or becomes entitled to Severance Benefits under the Plan, the Committee or its designee
shall act as the Plan Administrator for purposes of administering the terms of the Plan with respect to the Plan Administrator. If the Plan Administrator is an individual designated by the Committee, the Plan Administrator may not delegate all or
any portion of his or her authority under the Plan to any other person(s). 
  
 Section 2.23 “Release” shall mean the Separation of Employment Agreement and General Release, as provided by the Company. 
  
 Section 2.24 “Service” shall mean the total number of years and completed months the Participant was
an Employee of the Company. Service with any predecessor employer shall be recognized only to the extent specified in the merger or acquisition documentation relating thereto. For all purposes hereof, service with Sound Surgical Technologies LLC or
Sound Surgical Sales, LLC shall be given full effect and recognition. Periods of authorized leave of absence, such as military leave, will be included in Service only to the extent required by applicable law. Any period of employment with the
Company, a Subsidiary, or a predecessor employer for which an Eligible Employee previously received severance benefits shall be excluded from Service. 
  
 Section 2.25 “Severance Benefit” shall mean the salary continuation amounts and other benefits that a Participant is eligible to
receive pursuant to Article IV of the Plan. 
  
 Section
2.26 “Severance Period” shall mean the period during which a Participant is receiving Severance Benefits under this Plan. 
  

 3 

 Section 2.27 “Subsidiary” shall mean (i) a subsidiary company (wherever
incorporated) as defined by the Delaware General Corporation Law (the “DGCL”), (ii) any separately organized business unit, whether or not incorporated, of the Company, and (iii) any employer that is required to be aggregated with the
Company pursuant to section 414 of the Internal Revenue Code of 1986, as amended, and regulations issued thereunder. 
  
 Section 2.28 “Termination Date” shall mean the date on which the active employment of the Participant by the Company or a
Subsidiary is severed by reason of an Involuntary Termination. 
  
 Section 2.29 “Voluntary Termination” shall mean any retirement or termination of employment that is not initiated by the Company or any Subsidiary. 
  
 ARTICLE III 
  
 PARTICIPATION AND ELIGIBILITY FOR BENEFITS 
  
 Section 3.01 Participation. Each Eligible Employee in the Plan who incurs an Involuntary Termination and who satisfies the conditions
of Section 3.02 shall be eligible to receive the Severance Benefits described in the Plan. An Eligible Employee shall not be eligible to receive any other severance benefits from the Company or Subsidiary on account of an Involuntary Termination,
unless otherwise provided in the Plan, and provided that an Eligible Employee eligible to receive severance benefits under the Sound Surgical Technologies Inc. Change in Control Severance Benefits Plan may receive benefits under both that Plan and
this Plan, subject to the provisions of Section 4.3(c) of that Plan regarding reduction of benefits under that Plan. In addition, any Eligible Employee who is a party to an employment agreement with the Company pursuant to which such Eligible
Employee is entitled to severance benefits shall be ineligible to participate in the Plan. 
  
 Section 3.02 Conditions. 
  
 (a) Eligibility for any Severance Benefits is expressly conditioned on (i) execution by the Participant of a Release in the form provided
by the Company; (ii) compliance by the Participant with all the terms and conditions of such Release; (iii) the Participant’s written agreement to the confidentiality, non-solicitation, and non-disparagement provisions in Article VI during and
after the Participant’s employment with the Company; and (iv) execution of a written agreement that authorizes the deduction of amounts owed to the Company prior to the payment of any Severance Benefit (or in accordance with any other schedule
as the Committee may, in its sole and reasonably exercised discretion, determine to be appropriate). If the Committee determines, in its sole discretion, that the Participant has not fully complied with any of the terms of the Agreement and/or
Release, the Committee may deny Severance Benefits not yet in pay status or discontinue the payment of the Participant’s Severance Benefit and may require the Participant, by providing written notice of such repayment obligation to the
Participant, to repay any portion of the Severance Benefit already received under the Plan. If the Committee notifies a Participant that repayment of all or any portion of the Severance Benefit received under the Plan is required, such amounts shall
be repaid within thirty (30) calendar days of the date the written notice is sent. Any remedy under this subsection (a) shall be in addition to, and not in place of, any other remedy, including injunctive relief, that the Company may have.

  
 (b) An Eligible Employee will not be eligible
to receive severance benefits under any of the following circumstances: 
  
 (i) The Eligible Employee voluntarily terminates employment; 
  

 4 

 (ii) The Eligible Employee resigns employment while the Employer still desires the
Eligible Employee’s services; 
  
 (iii) The
Eligible Employee’s employment is terminated for Cause; 
  
 (iv) The Eligible Employee voluntarily retires; 
  
 (v) The Eligible Employee’s employment is terminated due to the Eligible Employee’s death or Permanent Disability; 

 
 (vi) The Eligible Employee does not return to work within
six (6) months of the onset of an approved leave of absence, other than a personal, educational or military leave and/or as otherwise required by applicable law; 
  
 (vii) The Eligible Employee does not return to work within three (3) months of the onset of a personal or
educational leave of absence; 
  
 (viii) The
Eligible Employee continues in employment with the Company or a Subsidiary or has the opportunity to continue in employment in the same or in an Alternative Position with the Company or a Subsidiary; or 
  
 (ix) The Eligible Employee’s employment with the
Employer terminates as a result of a sale of stock or assets of the Employer, merger, consolidation, joint venture or a sale or outsourcing of a business unit or function, or other transaction, and the Eligible Employee accepts employment, or has
the opportunity to continue employment in an Alternative Position, with the purchaser, joint venture, or other acquiring or outsourcing entity, or a related entity of either the Company or the acquiring entity; provided, however, that in the event
such a transaction occurs and there is a change in control of the Company, the Eligible Employee may be entitled to benefits under the Sound Surgical Control Change Plan as described therein. 
  
 (c) The Plan Administrator has the sole discretion to
determine an Eligible Employee’s eligibility to receive Severance Benefits hereunder. 
  
 (d) An Eligible Employee returning from approved military leave will be eligible for Severance Benefits if: (i) he/she is eligible for
reemployment under the provisions of the Uniformed Services Employment and Reemployment Rights Act (USERRA); (ii) his/her pre-military leave job is eliminated; and (iii) the Employer’s circumstances are changed so as to make reemployment in
another position impossible or unreasonable, or re-employment would create an undue hardship for the Employer. If the Eligible Employee returning from military leave qualifies for Severance Benefits, his/her severance benefits will be calculated as
if he/she had remained continuously employed from the date he/she began his/her military leave. The Eligible Employee must also satisfy any other relevant conditions for payment, including execution of a Release. 
  

 5 

  
 ARTICLE IV 

 
 DETERMINATION OF SEVERANCE BENEFITS 
  
 Section 4.01 Amount of Severance Benefits Upon Involuntary
Termination. The Severance Benefits to be provided to an Eligible Employee who incurs an Involuntary Termination and is determined to be eligible for Severance Benefits shall be as follows: 
  
 (a) Notice Pay. Except for Officers, each Eligible
Employee who meets the eligibility requirements for a Severance Benefit under Section 3.01 shall receive 30 calendar days notice as a Notice Period. In the event that the Company determines that a Participant’s last day of work shall be prior
to the end of his or her Notice Period, such Employee shall be entitled to pay in lieu of notice for the balance of such Notice Period. Notice Pay paid to an Eligible Employee shall be in addition to, and not offset against, the Severance Benefits
the Participant may be entitled to receive under this Article IV. An Eligible Employee who does not sign, or who revokes his or her signature on, a Release shall only be eligible for Notice Pay. Unless otherwise permitted by the applicable plan
documents or laws, an Eligible Employee will not be eligible to apply for short-term disability, long-term disability and/or workers’ compensation during the Notice Period, or anytime thereafter. 
  
 (b) Salary Continuation Benefits. Salary Continuation
shall be provided during the Severance Period applicable to the Participant as set forth under the benefits schedule appended to the Plan. During the Severance Period, the Participant shall receive his or her Base Salary (net of deductions and tax
withholdings, as applicable) in equal installments over the Severance Period, per normal payroll cycles. The salary continuation payment shall commence no earlier than the end of the revocation period applicable to the Release. 
  
 (c) Medical and Dental and Any Health Care Reimbursement
Account Benefits. The Participant shall continue to be eligible to participate in the medical and dental coverage, as well as any Health Care Reimbursement Account coverage, in effect at the date of his or her termination (or generally
comparable coverage) for himself or herself and, where applicable, his or her spouse and dependents, as the same may be changed from time to time for employees of the Company generally, as if Participant had continued in employment during the
Severance Period (the “COBRA Continuation Coverage Period”). The Participant shall be responsible for the payment of the employee portion of the medical, dental and Health Care Reimbursement Account contributions that are required during
the Severance Period and such contributions shall be made within the time period and in the amounts that other employees are required to pay to the Company for similar coverage. The Participant’s failure to pay the applicable contributions
shall result in the cessation of the applicable medical and dental coverage and any health care reimbursements for the Participant and his or her spouse or domestic partner and dependents. Notwithstanding any other provision of this Plan to the
contrary, in the event that a Participant commences employment with another company at any time during the Severance Period, the Participant will not receive coverage under the Company’s medical and dental plans or reimbursement under the
Company’s Health Care Reimbursement Account unless otherwise required by law. Within thirty (30) days of Participant’s commencement of employment with another company, Participant shall provide the Company written notice of such employment
and provide information to the Company regarding the medical and dental benefits provided to Participant by his or her new employer. The COBRA Continuation Coverage Period under section 4980B of the Code shall run concurrently with the Severance
Period. 
  
 (d) Stock Options. All stock
options held by the Participant as of his or her Termination Date shall continue to vest as scheduled during the twelve (12) month period after Participant’s Termination Date, unless the Participant’s option agreement covering such options
provides for more favorable vesting treatment. All vested outstanding stock options held by Participant shall be exercisable for the greater of (i) the period set forth in Participant’s option agreement covering such options, or (ii) twelve
(12) months from the Termination Date. In no event, however, shall an option be exercisable beyond its original term. 
  
 (e) Restricted Stock. All unvested restricted stock held by the Participant as of his or her Termination Date shall be forfeited as
of the Termination Date. 
  
 (f) Tax-Affected
Benefits. In the event that provision of any of the benefits in (c) above, would adversely affect the tax status of the applicable plan or benefits, the Company, in its sole 

  

 6 

 
discretion, may elect to pay to the Participant cash in lieu of such coverage in an amount equal to the Company’s premium or average cost of providing
such coverage. 
  
 Section 4.02 Voluntary
Termination; Termination for Death or Permanent Disability. If the Eligible Employee’s employment terminates on account of (i) the Eligible Employee’s Voluntary Resignation, (ii) death, or (iii) Permanent Disability, then the
Eligible Employee shall not be entitled to receive Severance Benefits under this Plan and shall be entitled only to those benefits (if any) as may be available under any other applicable then-existing Company benefit plans and policies at the time
of such termination. 
  
 Section 4.03 Termination for
Cause. If any Eligible Employee’s employment terminates on account of termination by the Company for Cause, the Eligible Employee shall not be entitled to receive Severance Benefits under this Plan and shall be entitled only to those
benefits that are legally required to be provided to the Eligible Employee. Notwithstanding any other provision of the Plan to the contrary, if the Committee or the Plan Administrator determines that an Eligible Employee has engaged in conduct that
constitutes Cause at any time prior to the Eligible Employee’s Termination Date, any Severance Benefit payable to the Eligible Employee under Section 4.01 of the Plan shall immediately cease, and the Eligible Employee shall be required to
return any Severance Benefits paid to the Eligible Employee prior to such determination. The Company may withhold paying Severance Benefits under the Plan pending resolution of an inquiry that could lead to a finding resulting in Cause. If the
Company has offset other payments owed to the Eligible Employee under any other plan or program, it may, in its sole discretion, waive its repayment right solely with respect to the amount of the offset so credited. 
  
 Section 4.04 Reduction of Severance Benefits. The Plan
Administrator reserves the right to make deductions in accordance with applicable law for any monies owed to the Company by the Participant or the value of Company property that the Participant has in his/her possession that the Participant elects
to retain with the Company’s permission, or fails to return after written demand therefor by the Company. Personal effects on the Company’s premises shall be excluded from the foregoing definition of Company property. 
  
 ARTICLE V 
  
 METHOD AND DURATION OF SEVERANCE BENEFIT PAYMENTS 
  
 Section 5.01 Method of Payment. The Severance Benefit to which a Participant is entitled, as determined
pursuant to Section 4.01, shall be paid in accordance with normal payroll practices over the Severance Period. In no event will interest be credited on the unpaid balance for which a Participant may become eligible. Payment shall be made by mailing
to the last address provided by the Participant to the Company or such other reasonable method as determined by the Plan Administrator. In general, the initial payments shall be made as promptly as practicable after the Participant’s
Termination Date, the execution of the Release required under Section 3.02, and the expiration of the required revocation period specified in the Release. All payments of Severance Benefits are subject to applicable federal, state and local taxes
and withholdings. In the event of the Participant’s death prior to the completion of all payments being made, the remaining payments shall be paid to the Participant’s estate. 
  
 Section 5.02 Other Arrangements. The Severance Benefits under this Plan are not additive or cumulative
to severance or termination benefits that a Participant might also be entitled to receive under the terms of a written employment agreement, a severance agreement or any other arrangement with the Employer. As a condition of participating in the
Plan, the Eligible Employee must expressly agree that this Plan supersedes all prior agreements, and sets forth the entire Severance Benefit the Eligible Employee is entitled to while an Eligible Employee in the Plan. The provisions of this Plan may
provide for payments to the Eligible Employee under certain compensation or bonus plans under circumstances where such plans would not provide for payment thereof. It is the specific intention of the Company that the provisions of this Plan shall
supersede any provisions to the contrary in such plans, to the extent permitted by applicable law, and such plans shall be deemed to be have been amended to correspond with this Plan without further 

  

 7 

 
action by the Company or the Board. Notwithstanding the foregoing, it is the Company’s intent that this Plan shall not supersede in any manner the Sound
Surgical Technologies Inc. Change in Control Separation Benefits Plan, it being the Company’s intent that any conflict between this Plan and the Sound Surgical Technologies Inc. Change in Control Separation Benefits Plan will result in this
Plan’s deemed amendment to correspond with the Sound Surgical Technologies Inc. Change in Control Separation Benefits Plan. 
  
 Section 5.03 Termination of Eligibility for Benefits. 
  
 (a) All Eligible Employees shall cease to be eligible to participate in the Plan, and all Severance Benefit
payments shall cease upon the occurrence of the earlier of: 
  
 (i) Subject to Article VIII, termination or modification of the Plan; or 
  
 (ii) Completion of payment to the Participant of the Severance Benefit for which the Participant is eligible under Article IV. 

 
 (b) Notwithstanding anything herein to the contrary, the
Company shall have the right to cease all Severance Benefit payments and to recover payments previously made to the Participant should the Participant at any time breach the Participant’s undertakings under the terms of the Plan, the Release
the Participant executed to obtain the Severance Benefits under the Plan or the confidentiality, non-competition, non-solicitation and non-disparagement provisions of Article VI. 
  
 (c) Notwithstanding anything herein to the contrary, the Company shall have the right to cease all Severance
Benefit payments in the event a Participant becomes employed with another company or entity, or is engaged as a consultant or independent contractor on a substantially full-time basis, during the Severance Period. The Participant shall promptly, but
in no event later than 30 days after taking such employment or engaging in such substantially full-time consulting or contracted services, notify the Company of his/her having obtained such a position with, or being so engaged by, another company or
entity. The Participant has no obligation to mitigate the Severance Benefits payable by the Company hereunder by taking other employment or by engaging in substantially full-time consulting or contracted services during the Severance Period, but if
the Participant does so, the Participant acknowledges and agrees that the provisions of this Section 5.03(c) will apply to the entitlement to continued Severance Benefits hereunder. 
  
 ARTICLE VI 
  
 CONFIDENTIALITY, COVENANT NOT TO COMPETE AND NOT TO SOLICIT 
  
 Section 6.01 Confidential Information. The Eligible Employee agrees that he or she shall not, directly
or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of the Eligible Employee’s assigned duties and for the benefit of the Company, either during the period of the Eligible
Employee’s employment or at any time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, any of its Subsidiaries, affiliated units or businesses, which shall have been obtained by the
Eligible Employee during the Eligible Employee’s employment by the Company or a Subsidiary. The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to the Eligible Employee; (ii) becomes known to
the public subsequent to disclosure to the Eligible Employee through no wrongful act of the Eligible Employee or any representative of the Eligible Employee; or (iii) the Eligible Employee is required to disclose by applicable law, regulation or
legal process (provided that the Eligible Employee provides the Company with prior notice of the contemplated disclosure and reasonably cooperates with the Company at its expense in seeking a protective order or other appropriate protection of such
information). Notwithstanding clauses (i) and (ii) of the preceding sentence, the Eligible Employee’s obligation to maintain such disclosed 

  

 8 

 
information in confidence shall not terminate where only portions of the information are in the public domain. 
  
 Section 6.02 Non-Competition. The Participant
acknowledges that he or she performs services of a unique nature for the Company that are irreplaceable, and that his or her performance of such services for a competing business will result in irreparable harm to the Company. Accordingly, during
the Participant’s employment with the Company or Subsidiary and for a period of one (1) year thereafter, the Participant agrees that the Participant will not, directly or indirectly, own, manage, operate, control, be employed by (whether as an
employee, consultant, independent contractor or otherwise, and whether or not for compensation) or render services to any person, firm, corporation or other entity, in whatever form, engaged in any business of the same type as any business in which
the Company or any of its Subsidiaries or affiliates is engaged on the date of termination or in which they have proposed, on or prior to such date, to be engaged in on or after such date and in which the Participant has been involved to any extent
(other than de minimis) at any time during the one (1) year period ending with the date of termination, in any locale of any country in which the Company or any of its Subsidiaries conducts business. This Section 6.02 shall not prevent the
Participant from owning not more than one percent of the total shares of all classes of stock outstanding of any publicly held entity engaged in such business, nor will it restrict the Participant from rendering services to charitable organizations,
as such term is defined in section 501(c) of the Code. 
  
 Section 6.03 Non-Solicitation. During the Eligible Employee’s employment with the Company or a Subsidiary and for the one (1) year period thereafter, the Eligible Employee agrees that he or she will not, directly
or indirectly, individually or on behalf of any other person, firm, corporation or other entity, knowingly solicit, aid or induce (i) any employee of the Company or any Subsidiary, as defined by the Company, to leave such employment in order to
accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the Company or knowingly take any action to materially assist or aid any other person, firm, corporation or other entity in
identifying or hiring any such employee, or (ii) any customer of the Company or any Subsidiary to purchase goods or services then sold by the Company or any Subsidiary from another person, firm, corporation or other entity or assist or aid any other
persons or entity in identifying or soliciting any such customer. 
  
 Section 6.04 Non-Disparagement. Each of the Eligible Employee and the Company (for purposes hereof, the Company shall mean only the executive officers and directors thereof and not any other employees) will not make any
statements that disparage the other party, or in the case of the Company or its Subsidiaries, their respective affiliates, employees, officers, directors, or products. Notwithstanding the foregoing, statements made in the course of sworn testimony
in administrative, judicial or arbitral proceedings (including, without limitation, depositions in connection with such proceedings) shall not be subject to this Section 6.04. 
  
 Section 6.05 Reasonableness. In the event the provisions of this Article VI shall ever be deemed to
exceed the time, scope or geographic limitations permitted by applicable laws, then such provisions as applicable to the Employee party to the matter in which such provisions are deemed to exceed the scope permitted by applicable laws shall be
reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by applicable laws. If reformation is unavailable (e.g., in the State of California with respect to the non-competition provisions of Section 6.02
hereof), then the provision(s) shall be deemed struck from the Plan as applicable to the Employee party to the matter in which such provisions are deemed to exceed the scope permitted by applicable laws, but the remainder of the Plan shall continue
in full force and effect. 
  
 Section 6.06 Equitable
Relief. 
  
 (a) By participating in the
Plan, the Eligible Employee acknowledges that the restrictions contained in this Article VI are reasonable and necessary to protect the legitimate interests of the Company, its Subsidiaries and its affiliates, that the Company would not have
established this Plan in the absence of such restrictions, and that any violation of any provision of this Article will result in irreparable injury to the Company. By agreeing to participate in the Plan, the Eligible 

  

 9 

 
Employee represents that his or her experience and capabilities are such that the restrictions contained in this Article VI will not prevent the Eligible
Employee from obtaining employment or otherwise earning a living at the same general level of economic benefit as is currently the case. The Eligible Employee further represents and acknowledges that (i) he or she has been advised by the Company to
consult his or her own legal counsel in respect of this Plan, and (ii) that he or she has had full opportunity, prior to agreeing to participate in this Plan, to review thoroughly this Plan with his or her counsel. 
  
 (b) The Eligible Employee agrees that the Company shall be
entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as an equitable accounting of all earnings, profits and other benefits arising from any violation of this Article VI, which rights
shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled under applicable law. 
  
 (c) The Eligible Employee irrevocably and unconditionally (i) agrees that any suit, action or other legal proceeding arising out of this
Article VI, including without limitation, any action commenced by the Company for preliminary and permanent injunctive relief or other equitable relief, may be brought in the United States District Court for the District of Colorado, or if such
court does not have jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in Colorado, (ii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iii) waives any
objection which Participant may have to the laying of venue of any such suit, action or proceeding in any such court. Participant also irrevocably and unconditionally consents to the service of any process, pleadings, notices or other papers in a
manner permitted by the notice provisions of Section 11.02. 
  
 Section 6.07 Survival of Provisions. The obligations contained in this Article VI shall survive the termination of Eligible Employee’s employment with the Company or a Subsidiary and shall be fully enforceable
thereafter. 
  
 ARTICLE VII 
  
 THE PLAN ADMINISTRATOR 
  
 Section 7.01 Authority and Duties. It shall be the duty
of the Plan Administrator, on the basis of information supplied to it by the Company and the Committee, to properly administer the Plan. The Plan Administrator shall have the full power, authority and discretion to construe, interpret and administer
the Plan, to make factual determinations, to correct deficiencies therein, and to supply omissions. All decisions, actions and interpretations of the Plan Administrator shall be final, binding and conclusive upon the parties. The Plan Administrator
may adopt such rules and regulations and may make such decisions as it deems necessary or desirable for the proper administration of the Plan. 
  
 Section 7.02 Compensation of the Plan Administrator. The Plan Administrator shall receive no compensation for services as such.
However, all reasonable expenses of the Plan Administrator shall be paid or reimbursed by the Company upon proper documentation. The Plan Administrator shall be indemnified by the Company against personal liability for actions taken in good faith in
the discharge of the Plan Administrator’s duties. 
  
 Section 7.03 Records, Reporting and Disclosure. The Plan Administrator shall keep a copy of all records relating to the payment of Severance Benefits to Participants and former Participants and all other records
necessary for the proper operation of the Plan. All Plan records shall be made available to the Committee, the Company and to each Participant for examination during business hours except that a Participant shall examine only such records as pertain
exclusively to the examining Participant and to the Plan. The Plan Administrator shall prepare and shall file as required by law or regulation all reports, forms, documents and other items required by the Code and every other relevant statute, each
as amended, and all 

  

 10 

 
regulations thereunder (except that the Company, as payor of the Severance Benefits, shall prepare and distribute to the proper recipients all forms relating
to withholding of income or wage taxes, Social Security taxes, and other amounts that may be similarly reportable). 
  
 ARTICLE VIII 
  
 AMENDMENT, TERMINATION AND DURATION 
  
 Section 8.01 Amendment, Suspension and Termination. Except as otherwise provided in this Section 8.01, the Board or the Committee shall have the right, at any time and from time to time, to amend, suspend or terminate
the Plan in whole or in part, for any reason or without reason, and without either the consent of or the prior notification to any Participant, by a formal written action. No such amendment shall give the Company the right to recover any amount paid
to a Participant prior to the date of such amendment or to cause the cessation or reduction of Severance Benefits already approved for a Participant who has executed a Release as required under Section 3.02. 
  
 Section 8.02 Duration. Unless terminated sooner by the
Board or the Committee, the Plan shall continue in full force and effect until termination of the Plan pursuant to Section 8.01; provided, however, that after the termination of the Plan, if any Participants terminated employment on account of an
Involuntary Termination prior to the termination of the Plan and are still receiving Severance Benefits under the Plan, the Plan shall remain in effect until all of the obligations of the Company are satisfied with respect to such Participants.

  
 ARTICLE IX 
  
 DUTIES OF THE COMPANY AND THE COMMITTEE 
  
 Section 9.01 Records. The Company or a Subsidiary
thereof shall supply to the Committee all records and information necessary to the performance of the Committee’s duties. 
  
 Section 9.02 Payment. Payments of Severance Benefits to Participants shall be made in such amount as determined by the Committee
under Article IV, from the Company’s general assets. 
  
 Section 9.03 Discretion. Any decisions, actions or interpretations to be made under the Plan by the Board, the Committee and the Plan Administrator, acting on behalf of either, shall be made in each of their respective
sole discretion, not in any fiduciary capacity and need not be uniformly applied to similarly situated individuals and such decisions, actions or interpretations shall be final, binding and conclusive upon all parties. As a condition of
participating in the Plan, the Eligible Employee acknowledges that, in the absence of manifest error or willful misconduct, all decisions and determinations of the Board, the Committee and the Plan Administrator shall be final and binding on the
Eligible Employee, his or her beneficiaries and any other person having or claiming an interest under the Plan on his or her behalf. 
  
 ARTICLE X 
  
 CLAIMS PROCEDURES 
  
 Section 10.01 Claim. Each Participant under this Plan may contest only the administration of the Severance Benefits awarded by completing and filing with the Plan Administrator a written request
for review in the manner specified by the Plan Administrator. No appeal is permissible as to a Participant’s eligibility for or amount of the Severance Benefit, which are decisions made solely within the discretion of the Company, and the
Committee acting on behalf of the Company. No person may bring an action for any alleged wrongful denial of Plan benefits in a court of law unless the claims procedures described in this Article X are exhausted and a final determination is made by
the Plan Administrator. If the terminated Participant or interested person challenges a decision by the Plan Administrator, a review by the court of 

  

 11 

 
law will be limited to the facts, evidence and issues presented to the Plan Administrator during the claims procedure set forth in this Article X. Facts and
evidence that become known to the terminated Participant or other interested person after having exhausted the claims procedure must be brought to the attention of the Plan Administrator for reconsideration. Issues not raised with the Plan
Administrator will be deemed waived. 
  
 Section 10.02
Initial Claim. Before the date on which payment of a Severance Benefit commences, each such application must be supported by such information as the Plan Administrator deems relevant and appropriate. In the event that any claim
relating to the administration of Severance Benefits is denied in whole or in part, the terminated Participant or his or her beneficiary (“claimant”) whose claim has been so denied shall be notified of such denial in writing by the Plan
Administrator within ninety (90) days after the receipt of the claim for benefits. This period may be extended an additional ninety (90) days if the Plan Administrator determines such extension is necessary and the Plan Administrator provides notice
of extension to the claimant prior to the end of the initial ninety (90) day period. The notice advising of the denial shall specify the following: (i) the reason or reasons for denial, (ii) make specific reference to the Plan provisions on which
the determination was based, (iii) describe any additional material or information necessary for the claimant to perfect the claim (explaining why such material or information is needed), and (iv) describe the Plan’s review procedures and the
time limits applicable to such procedures, including, if applicable, a statement of the claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse benefit determination on review. 
  
 Section 10.03 Appeals of Denied Administrative Claims.
All appeals shall be made by the following procedure: 
  
 (a) A claimant whose claim has been denied shall file with the Plan Administrator a notice of appeal of the denial. Such notice shall be filed within sixty (60) calendar days of notification by the Plan Administrator of the denial of a
claim, shall be made in writing, and shall set forth all of the facts upon which the appeal is based. Appeals not timely filed shall be barred. 
  
 (b) The full Committee shall consider the merits of the claimant’s written presentations, the merits of any facts or evidence in
support of the denial of benefits, and such other facts and circumstances as Plan Administrator shall deem relevant. If the Plan Administrator is the Committee, then the Audit Committee of the Board shall consider the foregoing. 
  
 (c) The Committee or Audit Committee, as applicable, shall
render a determination upon the appealed claim which determination shall be accompanied by a written statement as to the reasons therefor. The determination shall be made to the claimant within sixty (60) days of the claimant’s request for
review, unless the Committee or the Audit Committee, as applicable, determines that special circumstances require an extension of time for processing the claim. In such case, the Committee or the Audit Committee, as applicable, shall notify the
claimant of the need for an extension of time to render its decision prior to the end of the initial sixty (60) day period, and the Committee or Audit Committee, as applicable, shall have an additional sixty (60) day period to make its
determination. The determination so rendered shall be binding upon all parties. If the determination is adverse to the claimant, the notice shall provide (i) the reason or reasons for denial, (ii) make specific reference to the Plan provisions on
which the determination was based, (iii) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to a the claimant’s claim
for benefits, and (iv) state that, if applicable, the claimant has the right to bring an action under section 502(a) of ERISA. 
  
 Section 10.04 Arbitration; Expenses. (a) Except as provided in Section 6.06 regarding application of the Company for equitable
remedies, all claims, disputes and other matters in question arising out of, or relating to, this Plan or any Release executed pursuant to this Plan as between the Company and any Participant or any person claiming rights as a Participant shall be
submitted to, and determined by, arbitration, if good faith negotiations among the parties do not resolve such claim, dispute or other matter within 

  

 12 

 
forty-five (45) days of written notice of intent to arbitrate given by the Company or any Participant or any such person. Any arbitration shall be held in
the City and County of Denver, State of Colorado and shall proceed in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association (“AAA”). The dispute shall be arbitrated by a panel
of three (3) arbitrators selected in accordance with the AAA National Rules for the Resolution of Employment Disputes (the “Arbitration Panel”). 
  
 (b) In connection with any arbitration commenced hereunder, the parties agree to permit reasonable discovery in accordance with AAA rules, as may be
modified or amended by a majority decision of the Arbitration Panel. Any disputes concerning discovery shall be resolved by the Arbitration Panel. 
  
 (c) The Arbitration Panel shall have no authority whatsoever to award punitive or exemplary damages or to enter an award ex aequo et bono or to
modify any provision of this Plan or to award a remedy for a dispute involving this Plan other than a benefit specifically provided under or by virtue of this Plan. 
  
 (d) Each party shall bear all of its own expenses and pay the costs and fees of the arbitration as shall be allocated by the
Arbitration Panel; provided that if the Participant substantially prevails on any material issue which is the subject of such arbitration, the Company shall be responsible for all of the fees of the AAA and the arbitrators and any expenses relating
to the conduct of the arbitration, including the Company’s and Participant’s reasonable attorneys’ fees and expenses. 
  
 (e) The award rendered by the Arbitration Panel shall be final and judgment may be entered in accordance with applicable law and in any court having
jurisdiction thereof. 
  
 (f) Any party may at any time apply to a
court having jurisdiction for a temporary restraining order, preliminary injunction or other provisional remedy where such relief is necessary to protect its interests pending completion of the arbitration proceeding, but such remedies shall not be
sought as a means to avoid or stay arbitration. 
  
 ARTICLE XI

  
 MISCELLANEOUS 
  
 Section 11.01 Nonalienation of Benefits. None of the
payments, benefits or rights of any Participant shall be subject to any claim of any creditor of any Participant, and, in particular, to the fullest extent permitted by law, all such payments, benefits and rights shall be free from attachment,
garnishment (if permitted under applicable law), trustee’s process, or any other legal or equitable process available to any creditor of such Participant. No Participant shall have the right to alienate, anticipate, commute, plead, encumber or
assign any of the benefits or payments that he may expect to receive, continently or otherwise, under this Plan. 
  
 Section 11.02 Notices. All notices and other communications required hereunder shall be in writing and shall be delivered personally
or mailed by registered or certified mail, return receipt requested, or by overnight express courier service. In the case of the Participant, mailed notices shall be addressed to him or her at the home address which he or she most recently
communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to the Plan Administrator at the Company’s principal executive offices. 
  

 13 

 Section 11.03 Successors. Any successor to the Company shall assume the obligations
under this Plan and expressly agree to perform the obligations under this Plan. 
  
 Section 11.04 Other Payments. Except as otherwise provided in this Plan, no Participant shall be entitled to any cash payments or other severance benefits under any of the Company’s then
current severance pay policies for a termination that is covered by this Plan for the Participant. 
  
 Section 11.05 No Mitigation. Except as otherwise provided in Section 4.01(c) and Section 5.03(c), Participant shall not be required
to mitigate the amount of any Severance Benefit provided for in this Plan by seeking other employment or otherwise, nor shall the amount of any Severance Benefit provided for herein be reduced by any compensation earned by other employment or
otherwise, except if the Participant is re-employed by Company, in which case Severance Benefits shall cease. 
  
 Section 11.06 No Contract of Employment. Neither the establishment of the Plan, nor any modification thereof, nor the creation of any
fund, trust or account, nor the payment of any benefits shall be construed as giving any Eligible Employee or any person whosoever, the right to be retained in the service of the Company, and all Eligible Employees shall remain subject to discharge
to the same extent as if the Plan had never been adopted. 
  
 Section 11.07 Severability of Provisions. If any provision of this Plan shall be held invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability shall not affect any other provisions
hereof, and this Plan shall be construed and enforced as if such provisions had not been included. 
  
 Section 11.08 Heirs, Assigns, and Personal Representatives. This Plan shall be binding upon the heirs, executors, administrators, successors
and assigns of the parties, including each Participant, present and future. 
  
 Section 11.09 Headings and Captions. The headings and captions herein are provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the
construction of the Plan. 
  
 Section 11.10 Gender and
Number. Where the context admits, words in any gender shall include any other gender, and, except where otherwise clearly indicated by context, the singular shall include the plural, and vice-versa. 
  
 Section 11.11 Unfunded Plan. The Plan shall not be funded. No
Participant shall have any right to, or interest in, any assets of the Company that may be applied by the Company to the payment of Severance Benefits. 
  
 Section 11.12 Payments to Incompetent Persons. Any benefit payable to or for the benefit of a minor, an incompetent person or other person
incapable of receipting therefor shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, the
Committee and all other parties with respect thereto. 
  
 Section 11.13 Lost Payees. A benefit shall be deemed forfeited if the Committee is unable to locate a Participant to whom a Severance Benefit is due. Such Severance Benefit shall be reinstated if application is made by the
Participant for the forfeited Severance Benefit while this Plan is in operation. 
  
 Section 11.14 Controlling Law. This Plan shall be construed and enforced according to the laws of the State of Colorado to the extent not superseded by Federal law. 
  

 14 

  
 SCHEDULE A 

 
 SEVERANCE BENEFITS 
  

			
	 Named Executive Officers
	  	12 months of pay
		
	 All other Officers
	  	06 months of pay

  

 15

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