Summary of Executive Officer Compensation for ABIOMED, Inc.
This document outlines the compensation arrangements for four executive officers of ABIOMED, Inc., who are employed at will and do not have formal employment agreements. It specifies each officer's base salary, bonuses earned for the first half of fiscal 2006, and bonus targets for the remainder of the fiscal year. Additionally, the officers may receive stock options and other awards at the discretion of ABIOMED’s Compensation Committee.
Exhibit 10.18
Summary of Executive Officer Compensation
The following named executive officers of ABIOMED, Inc. are at will employees of ABIOMED and have not entered into a formal employment agreement with ABIOMED. The current understanding between each employee and ABIOMED with respect to the employee’s compensation is as follows:
| Name |
| Base salary |
| Bonus earned for the |
| Bonus target for the |
| |||
| Dr. Karim Benali |
| $ | 171,200 |
| $ | 37,500 |
| $ | 37,500 |
|
| Javier Jimenez |
| $ | 175,100 |
| $ | 18,750 |
| $ | 46,250 |
|
| Dr. Robert T.V. Kung |
| $ | 226,600 |
| $ | 25,000 |
| $ | 79,000 |
|
| Christopher D. Macdonald |
| $ | 195,700 |
| $ | 25,000 |
| $ | 75,000 |
|
These officers are also eligible to receive grants of stock options and other awards at the discretion of ABIOMED’s Compensation Committee.
