Amendment to Employment Agreements between Douglas Godshall and HeartWare International, Inc. and HeartWare, Inc.

Contract Categories: Human Resources › Employment Agreements
Summary

This letter amends the employment agreements between Douglas Godshall and HeartWare International, Inc. and HeartWare, Inc. The amendment updates the definition of "Total Salary" to include both Mr. Godshall's current base salary and his target annual cash bonus, assuming full achievement of goals. All other terms of the original agreements remain unchanged. The amendment is effective upon Mr. Godshall's acceptance and signature.

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EX-10.1 4 ss403_ex1001.htm LETTER AMENDMENT
 
 
  June 26, 2016
 
 
Douglas Godshall
8 Overfield Drive
Medfield, MA 02052
 

 
Dear Doug,
 
Reference is made to the employment letters (the “Agreements”) between you and HeartWare International, Inc. (“HWII”), dated December 16, 2009, and between you and HeartWare, Inc. (“HWI”, HWII and HWI together, the “Company”), dated December 21, 2010, each as amended from time to time.  You and the Company desire to amend the Agreements in the manner described below.
 
 
1.
Total Salary.  The definition of “Total Salary” in your Agreements shall be replaced by the following:
 
“Total Salary” means your current Base Salary plus your current target annual cash bonus assuming 100% corporate and individual achievement.
 
 
2.
No Other Changes. The terms and conditions of the Agreements, to the extent not modified hereby, will continue to apply as specified in the Agreements.
 
To indicate your acceptance of these updated terms and conditions of your employment, please sign below.
 
 
Sincerely,
  
  HEARTWARE INTERNATIONAL, INC.  
       
       
       
  BY:  /s/ Lawrence J. Knopf  
  Title:   SVP and General Counsel  
 
 
 
 
 
 
 
 
 
 
  HEARTWARE, INC.  
       
       
       
  BY:  /s/ Lawrence J. Knopf  
  Title:   SVP and General Counsel  
 

 
 
Accepted and agreed:
  
   
   
   
   
 /s/ Douglas Godshall  
Douglas Godshall