Temporary Salary Reduction Agreement between David M. Weber and Abiomed, Inc.
David M. Weber, Chief Operating Officer of Abiomed, Inc., voluntarily agrees to forgo his entire annual cash base salary from April 30, 2020, to June 30, 2020, except for payments needed to maintain his company-sponsored health and welfare benefits. This temporary salary reduction is in response to the operational challenges caused by the COVID-19 pandemic. The agreement is addressed to the Board of Directors of Abiomed, Inc.
Exhibit 10.18
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.
Sincerely,
| /S/ DAVID M. WEBER |
| David M. Weber |
| Chief Operating Officer |
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