Amendment No. 1 to Executive Management Severance Agreement between Cambridge Heart, Inc. and David Chazanovitz

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment to the Executive Management Severance Agreement between Cambridge Heart, Inc. and David Chazanovitz, effective January 1, 2005, changes the severance terms. Instead of receiving salary payments for twelve months after termination, Mr. Chazanovitz will now receive a flat termination fee of $240,000 if his employment is terminated. The amendment is signed by Robert Khederian, Chairman of the Compensation Committee.

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EX-10.1 2 a4829058ex101.txt CAMBRIDGE HEART, INC. EXHIBIT 10.1 Exhibit 10.1 January 1, 2005 Executive Management Severance Agreement David Chazanovitz Amendment #1 Effective the above date the following bullet points: o You will continue to be paid at your salary for twelve months after termination at the rate in effect on the termination date. is replaced by the following: o You will receive a flat termination fee of $240,000. /S/ Robert Khederian Robert Khederian Chairman of Compensation Committee