EXHIBIT
10.45
CHANGE-IN-CONTROL
BONUS PLAN FOR CEO AND COO
VINCERA,
INC.
ADOPTED MARCH
2007
1.)
The CEO and COO bonus
structure for acquisition of the company is as follows:
1.
If the company is
acquired for less than $25 million, there will be no bonus for CEO
and COO;
2.
If the company is
acquired for $25 million or more but less than $50 million, the
bonus will be one percent (1%) of the acquisition amount to each of
the CEO and COO; or
3.
If the company is
acquired for $50 million or more, the bonus will be two percent
(2%) of the acquisition amount to each of the CEO and
COO.
2.)
The bonus would be paid
in the same form of consideration received in connection with the
transaction – if a cash transaction, then the bonus will be
paid in cash, etc.
3.)
If the CEO or COO
voluntarily terminate their employment or are terminated with cause
(defined below), prior to the closing of an acquisition as
described above, such executive shall not be eligible for the
bonus.
4.)
If the com