EXHIBIT
10.27
ACCELLENT
INC.
MANAGEMENT BONUS
PLAN
1.
Effective Date
The Accellent Inc. Management Bonus
Plan (the “Plan”) is effective October 7, 2005,
contingent upon stockholder approval of the Plan.
2.
Eligible Employees
The Plan applies to employees of
Accellent Inc. (the “Company”) and its affiliates that
are either identified in Section 3 of the Plan or determined by the
Company’s Board of Directors to be eligible to receive a
bonus payment pursuant to Section 3 of the Plan (the “Covered
Employees”).
3.
Bonuses
For services rendered in connection
with the Change in Control, the following bonuses (less applicable
taxes) will be paid to the employees named below upon the
consummation of the Change in Control:
|
Name:
|
|
Bonus Amount:
|
|
|
Ron Sparks
|
|
$
|
6,680,000
|
|
|
Stewart Fisher
|
|
$
|
5,010,000
|
|
|
Dan Croteau
|
|
$
|
835,000
|
|
|
Gary Curtis
|
|
$
|
835,000
|
|
|
Jeff Farina
|
|
$
|
835,000
|
|
In addition, bonuses (less
applicable taxes) will be paid to certain other employees of the
Company, as determined by the Board of Directors of the Company, in
its sole discretion, for services rendered in connection with the
Change in Control, upon the consummation of the Change in
Control.
4.
Definition of “Change in
Control”
For purposes of the Plan, the term “Change in Control”
means the consummation of the merger of the Company pursuant to the
terms of the Agreement and Plan of Merger between the Company and
Accellent Acquisition Corp., dated October 7, 2005.
5.
Amendment or Termination
The Company may amend or terminate
the Plan at any time; provided, however, that no amendment or
termination may be made on or after the Change
