Summary of Executive Officer Compensation for ABIOMED, Inc. (2016)

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Summary

This document outlines the compensation arrangements for several executive officers of ABIOMED, Inc. as approved by the company's Compensation Committee. It specifies the base salaries and target bonus percentages for each executive, effective June 1, 2016. Some executives are at-will employees without formal employment agreements, while others, including the CEO, CFO, and COO, have specific agreements or offer letters detailing their terms. All named officers may also receive stock options or other awards at the committee's discretion.

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EX-10.30 2 abmd-ex1030_939.htm EX-10.30 abmd-ex1030_939.htm

Exhibit 10.30

Summary of Executive Officer Compensation

The following named executive officers of ABIOMED, Inc. listed in the table below are at will employees of ABIOMED, Inc. and have not entered into a formal employment agreement with ABIOMED, Inc. The current understanding between each employee and ABIOMED, Inc. with respect to the employee’s compensation, as approved by the Compensation Committee of our Board of Directors on May 24, 2016, is as follows:

 

Name

 

Base Salary (Effective June 1, 2016)

 

Target
Fiscal 2017
Bonus
(Percentage
of Salary)

 

William J. Bolt

$330,855

60%

 

 

 

Andrew J. Greenfield

$314,019

60%

 

 

 

Michael G. Howley

$334,912

65%

These officers are also eligible to receive grants of stock options and other awards at the discretion of ABIOMED’s Compensation Committee.

We have an employment agreement with our Chief Executive Officer, Michael R. Minogue, which sets forth the terms of his employment. Mr. Minogue’s salary, effective June 1, 2016, will be $648,748 and his target bonus for fiscal 2017 is 120% of salary. We have an offer letter with our Chief Financial Officer, Michael J. Tomsicek, which sets forth the terms of his employment. Mr. Tomsicek’s salary, effective June 1, 2016, will be $360,500 and his target bonus for fiscal 2017 is 60% of salary. We also have an offer letter with our Chief Operating Officer, David M. Weber, which sets forth the terms of his employment. Mr. Weber’s salary, effective June 1, 2016, will be $382,616 and his target bonus for fiscal 2017 is 70% of salary.