Letter Agreement dated April 27, 2020 with Michael R. Minogue related to salary waiver

Contract Categories: Business Finance - Waiver Agreements
EX-10.17 4 abmd-ex1017_561.htm EX-10.17 abmd-ex1017_561.htm

Exhibit 10.17


April 27, 2020

By Email

Paul G. Thomas, Chairman of the Compensation Committee

Board of Directors of Abiomed, Inc.

C/O of: Marc Began, Secretary

22 Cherry Hill Drive

Danvers, Ma 01923

Re:Temporary Salary Reduction

To the Board of Directors of Abiomed, Inc.:

In light of the disruption and uncertainty created by the evolving COVID-19 pandemic and its impact on the operations of Abiomed, Inc. (the “Company”), I hereby volunteer to forego my entire annual cash base salary payable between April 30, 2020 and June 30, 2020, other than any payments necessary for me to retain my Company-sponsored health and welfare benefits.






Michael R. Minogue

Chairman, President and Chief Executive Officer