Waiver and Restricted Stock Unit Agreement between Frederic H. Moll, M.D. and Hansen Medical, Inc.
Frederic H. Moll, M.D. agrees to give up his right to a cash incentive bonus for Hansen Medical, Inc.'s 2010 fiscal year. Instead, he will be eligible to receive performance-based restricted stock units covering 52,500 shares of the company's common stock. The vesting of these stock units will follow the same performance criteria that were set for his original 2010 incentive bonus.
Exhibit 10.50
October 26, 2010
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 2010 fiscal year and agree that in lieu of a cash incentive bonus opportunity in respect of the Company’s 2010 fiscal year I will be eligible for a performance restricted stock unit covering 52,500 shares of the Company’s common stock, which units will vest based on the same performance terms as were previously established for my 2010 incentive bonus.
| Very truly yours, |
| /s/ Frederic H. Moll |
| Frederic H. Moll |
