Document:

Exhibit 10.17(1)

 

SOC TELEMED

 

1768 Business Center Drive, Suite 100, Reston,
Virginia 20190

 

October 23, 2020

 

Sean Banerjee

 

		Re:	SIDE LETTER RE COMPENSATION INCREASE

 

Dear Sean:

 

We are pleased to inform
you that, pending approval of the Board of Directors of the SOC Telemed, Inc. or, following the Closing (as defined below) the
parent entity thereof, (i) as of November 1, 2020, your annual base salary shall be increased to $320,000, (ii) effective
with respect to the 2021 performance cycle, your target bonus opportunity shall be increased to 50% of your annual base
salary, and (iii) following the Closing you will receive an equity-based award with a total target value of $1,500,000,
comprising time-based vesting and performance-based vesting restricted stock units substantially in the amounts set forth on Schedule
I hereto.

 

This letter is contingent
on the closing of the transactions contemplated by that certain Agreement and Plan of Merger by and among Healthcare Merger Corp.,
Sabre Merger Sub I, Inc., Sabre Merger Sub II, LLC, and the Company, dated as of July 29, 2020 (the “Closing”),
and shall be null and void ab initio in the event the Closing does not occur.

 

Except for the potential
change to your base salary and bonus opportunity, the offer letter entered into by and between you and SOC Telemed, Inc. dated
July 15, 2015, shall remain in full force and effect, and nothing in this letter changes the at-will nature of your employment.
Please keep a copy of this letter for your records. If you have any questions, please contact me. Thank you for continued dedication
and hard work toward making SOC Telemed a successful company!

 

	 	Very truly yours,
	 	 
	 	Specialists on Call, Inc.

 

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

 

ACCEPTED AND AGREED

 

	/s/ Sean Banerjee	 
	Sean BanerjeeEXHIBIT
10.18

 

SOC
TELEMED

 

1768
Business Center Drive, Suite 100, Reston, Virginia 20190

 

October
23, 2020

 

Eunice
Kim

 

Re:
AMENDED AND RESTATED OFFER LETTER

 

Dear
Eunice:

 

This
Amended and Restated Offer Letter (the “Agreement”) between you (the “Executive”)
and Specialists On Call, Inc., a Delaware corporation d/b/a SOC Telemed (the “Company”), sets forth
the amended and restated terms and conditions that shall govern the period of your employment with the Company (your “Employment”
or the “Employment Period”) effective as of September 22, 2020 (the “Effective Date”),
and supersedes that certain Offer Letter entered into between you and the Company dated as of September 22, 2020 (the “Prior
Agreement”), which shall be null and void ab initio.

 

1.
Duties and Scope of Employment.

 

(a)
At-Will Employment. Executive’s full-time Employment with the Company shall commence as of the Effective Date.
Executive’s Employment with the Company is for no specified period and constitutes “at will” employment and
may be terminated by either party at any time.

 

(b)
Position and Responsibilities. During the Employment Period, the Company agrees to employ Executive in the position
of General Counsel. Executive will initially (i) report to the Company’s Chief Executive Officer (Executive’s “Supervisor”)
and (ii) work remotely. At any time after six months of Employment, Executive’s Supervisor may require Executive to relocate
to work out of the Company’s office in Virginia, in which case Executive will be extended a relocation assistance package
and have six (6) months to complete the relocation. If Executive elects to not so relocate, Executive will be deemed to have voluntarily
resigned without any entitlement to severance.

 

(c)
Obligations to the Company. During the Employment Period, Executive shall perform Executive’s duties faithfully
and to the best of Executive’s ability, will devote Executive’s full business efforts and time to the Company, and
will comply with the Company’s policies and rules, as they may be in effect from time to time. Executive represents and
warrants to the Company that Executive is under no obligations or commitments that are inconsistent with Executive’s obligations
under this Agreement.

 

2.
Cash and Incentive Compensation.

 

(a)
Base Salary. The Company shall pay Executive, as compensation for Executive’s services, a base salary at a
gross annual rate of $300,000 (the “Base Salary”), payable in accordance with the Company’s standard
payroll procedures.

 

     

     

    

 

(b)
Cash Incentive Bonus. Executive will be eligible to be considered for an annual cash incentive bonus (the “Cash
Bonus”) each calendar year during the Employment Period based upon the achievement of certain objective and/or subjective
criteria (collectively, the “Performance Goals”), as established and measured by, and in the sole discretion
of, the Board of Directors of the Company (or the appropriate committee thereof) from time to time. The initial target opportunity
for any such Cash Bonus will be 50% of Executive’s Base Salary. Executive shall not earn a Cash Bonus unless Executive is
employed by the Company on the date when such Cash Bonus is actually paid by the Company. Notwithstanding the foregoing, Executive’s
Cash Bonus for the 2020 calendar year will equal 50% of Executive’s Base Salary, pro-rated based on the number of days of
Executive’s Employment in the 2020 calendar year, and this amount will be paid at 100% achievement at the same time as annual
cash incentive bonuses are paid out to similarly situated executives of the Company.

 

(c)
Restricted Stock Units. In the event that the certain Agreement and Plan of Merger by and among Healthcare Merger
Corp., a Delaware corporation, Sabre Merger Sub I, Inc., Sabre Merger Sub II, LLC, and the Company dated July 29, 2020, is consummated
(such date, the “Closing Date”), then, subject to the approval of the Board of Directors (or the appropriate
committee thereof) of the surviving publicly-held corporation (“Parent”), as soon as practicable following
the sixtieth (60th) day thereafter (subject to applicable law) (such date, the “Grant Date”),
and subject to Executive’s continued Employment in good standing through the Grant Date, Executive shall be granted a restricted
stock unit award with respect to that number of shares of Class A common stock of Parent equal to the quotient obtained by dividing,
as determined by the Company in good faith, (x) $1,500,000 by (y) the closing price of Class A common stock of Parent on the Closing
Date (the “RSU Award”). The RSU Award shall vest and become payable as set forth on Schedule A hereto,
subject to Executive’s continued Employment in good standing through each such vesting date. The RSU Award will be subject
to the terms, definitions and provisions of the equity incentive plan that will be adopted by Parent and a restricted stock unit
agreement, which Executive will be required to sign.

 

(d)
Sign-On Bonus. The Company shall pay Executive a one-time sign-on bonus of $25,000 (the “Sign-On Bonus”)
within thirty (30) calendar days of the Effective Date, less all required tax withholdings and other applicable deductions. Executive
will earn and be permitted to retain the full amount of the Sign-On Bonus if Executive remains in Employment on the one (1) year
anniversary of the Effective Date. If Executive voluntarily resigns from the Company before such time, Executive will be required
to return immediately the gross pre-tax amount of the Sign-On Bonus to the Company. In such case, Executive’s signature
below authorizes the Company, to the fullest extent permitted by law, to make deductions from any payment Executive is owed (including
Executive’s final paycheck) to repay all or a portion of the Sign-On Bonus. Executive agrees that, if any such deductions
do not fully repay the Sign-On Bonus that is owed to the Company, Executive will pay the Company the remaining balance within
thirty (30) calendar days of the last day of Executive’s Employment.

 

3.
Employee Benefits. During the Employment Period, Executive shall be eligible to participate in the employee benefit
plans maintained by the Company and generally available to similarly situated employees of the Company, subject to the generally
applicable terms and conditions of the plan in question and to the determinations of any person or committee administering such
plan. The Company reserves the right to cancel or change the employee benefit plans, policies and programs it offers to its employees
at any time.

 

    -2-

     

    

 

4.
Section 409A. This Agreement is intended to be exempt from Section 409A of the Internal Revenue Code of 1986 or,
to the extent not so exempt, comply therewith.

 

5.
Pre-Employment Conditions. Executive’s acceptance of this offer is contingent upon (a) the execution, and
delivery to an officer of the Company, of the Company’s Employee Nondisclosure, Non-Solicitation, Confidentiality and Developments
Agreement (the “Confidentiality Agreement”), prior to or on the Effective Date; (b) Executive providing
to the Company documentary evidence of Executive’s identity and eligibility for employment in the United States within three
(3) business days of the Effective Date; and (c) the successful verification of the information Executive provided to the Company
during Executive’s application process, as well as a general background check performed by the Company to confirm Executive’s
suitability for Employment. Executive agrees to execute any and all documentation necessary for the Company to conduct a background
check and Executive expressly releases the Company from any claim or cause of action arising out of the Company’s verification
of such information.

 

6.
Successors. This Agreement may be assigned to and shall be binding upon any successor to all or substantially all
of the Company’s business and/or assets. For all purposes under this Agreement, the term “Company”
shall include any successor to the Company’s business or assets that become bound by this Agreement or any affiliate of
any such successor that employs Executive.

 

7.
Miscellaneous Provisions.

 

(a)
Modifications and Waivers. No provision of this Agreement shall be modified, waived or discharged unless the modification,
waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive).

 

(b)
Whole Agreement. This Agreement and the Confidentiality Agreement contain the entire understanding of the parties
with respect to the subject matter hereof and expressly supersedes the terms of the Prior Agreement. The parties hereto intend
to negotiate in good faith to enter into an employment agreement in connection with the occurrence of the Closing Date, which
shall (a) provide that Executive will be eligible for up to six (6) months’ cash severance (in lump sum or as salary continuation)
upon a qualifying termination, and (b) contain terms substantially comparable to the terms hereof and additional terms that the
Company intends to make applicable to other executives pursuant to a common form employment agreement, which employment agreement
shall supersede this Agreement in its entirety.

 

(c)
Withholding Taxes. All payments made under this Agreement shall be subject to reduction to reflect taxes or other
deductions required to be withheld by law.

 

(d)
Choice of Law and Severability. This Agreement shall be interpreted in accordance with the laws of the Commonwealth
of Virginia, without giving effect to provisions governing the choice of law.

 

[Signature
Page Follows]

 

    -3-

     

    

 

After
you have had an opportunity to review this Agreement, please feel free to contact me if you have any questions or comments. To
indicate your acceptance of this Agreement, please sign and date this letter in the space provided below and return it to the
Company.

 

	 	Very truly yours,
	 	 	 
	 	SOC TELEMED
	 	 	 
	 	By:	/s/
    Paul Ricci
	 		(Signature) 
	 	 	 
	 	Name:	Paul
    Ricci
	 	Title:	Interim
    CEO

 

	ACCEPTED
    AND AGREED:	 
	 	 
	EUNICE
    KIM	 
	 	 
	/s/
    Eunice Kim	 
	(Signature)	 
	 	 
	10/24/2020	 
	Date

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