Performance Restricted Stock Unit Agreement between Hansen Medical, Inc. and Bruce J. Barclay (2013)
Bruce J. Barclay agrees to give up his right to a cash incentive bonus for Hansen Medical, Inc.'s 2013 fiscal year. Instead, he will receive performance-based restricted stock units covering 115,627 shares, which will vest based on the company's 2013 performance goals. Barclay also agrees that this change does not qualify as a "Good Reason" event under his existing Retention Agreement with the company.
Exhibit 10.90
March 27, 2013
Board of Directors
Hansen Medical, Inc.
800 East Middlefield Road
Mountain View, CA 94043
Dear Sirs:
I hereby voluntarily relinquish any rights to a cash incentive bonus in respect of Hansen Medical Inc.’s 2013 fiscal year and agree that in lieu of a cash incentive bonus opportunity in respect of the Company’s 2013 fiscal year I am eligible for a performance restricted stock unit covering 115,627 shares of the Company’s common stock, which units will vest based on the Company’s Corporate 2013 Critical Success Factors approved by the Board. I acknowledge and agree that this change will not constitute “Good Reason,” nor will it be considered to be a “Good Reason Event,” under the Retention Agreement, dated May 26, 2010, between me and the Company.
Very truly yours,
/s/ Bruce J Barclay
Bruce J Barclay
