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

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for executive officers of ABIOMED, Inc. For most officers, employment is at will and compensation is based on current salary and target bonus percentages, with eligibility for stock options and other awards at the company's discretion. The Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer have formal agreements or offer letters specifying their salary and bonus targets for fiscal year 2016. No fixed employment term is specified for at-will employees.

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EX-10.25 6 d863915dex1025.htm EX-10.25 EX-10.25

Exhibit 10.25

Summary of Executive Officer Compensation

The following executive officers of ABIOMED, Inc. 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 is as follows:

 

Name    Base Salary    Target
Fiscal 2016
Bonus
(Percentage
of Salary)

William J. Bolt

      $ 306,348           60%   

Andrew J. Greenfield

      $ 290,759           60%   

Michael G. Howley

      $ 318,964           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 current salary is $629,853 and his target bonus for fiscal 2016 is 120% of salary. We have an offer letter with our Chief Financial Officer, Robert L. Bowen, which sets forth the terms of his employment. Mr. Bowen’s current salary is $333,022 and his target bonus for fiscal 2016 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 current salary is $364,396 and his target bonus for fiscal 2016 is 70% of salary.