Extension Agreement Regarding Grant of Stock Units between Hansen Medical, Inc. and Cary G. Vance
This agreement is between Hansen Medical, Inc. and Cary G. Vance. Mr. Vance agrees to extend the period for the company to grant him restricted and performance stock units, as described in a previous letter agreement. The company must grant these stock units no later than March 31, 2015. Mr. Vance also agrees that this delay does not qualify as "Good Reason" for resignation under his retention agreement with the company.
Exhibit 10.1
August 12, 2014
Board of Directors
Hansen Medical, Inc.
800 East Middlefield Road
Mountain View, CA 94043
Dear Sirs:
I hereby voluntarily agree to extend the 90 day time period following my first day of employment with Hansen Medical, Inc. (the “Company”) for the Company to grant the restricted stock units and performance stock units (collectively, the “Stock Units”) described in my letter agreement with the Company dated April 24, 2014. I understand and agree that the Company will grant the Stock Units to me as soon as practicable but in no event later than March 31, 2015.
I acknowledge and agree that the delay of the grant of the Stock Units described in the preceding paragraph will not constitute “Good Reason,” nor will it be considered to be a “Good Reason Condition,” under the Retention Agreement entered into as of April 25, 2014, between me and the Company.
Very truly yours,
/s/ Cary G. Vance
Cary G. Vance
