Letter Amendment to Employment Agreement between HeartWare, Inc. and Jeffrey LaRose (June 26, 2016)
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Summary
This letter amendment updates the employment agreement between HeartWare, Inc. and Jeffrey LaRose. The amendment redefines "Total Salary" to include both the current base salary and the target annual cash bonus, assuming full achievement of goals. All other terms of the original agreement remain unchanged. The amendment is effective upon acceptance by both parties, as indicated by their signatures.
EX-10.6 9 ss403_ex1006.htm LETTER AMENDMENT 
| June 26, 2016 |
Jeffrey LaRose
c/o HeartWare
14420 NW 60th Avenue
Miami Lakes, FL 33014
Dear Jeff,
Reference is made to the employment letter (the “Agreement”) between you and HeartWare, Inc. (the “Company”), dated December 16, 2009, as amended from time to time. You and the Company desire to amend the Agreement in the manner described below.
| | 1. | Total Salary. The definition of “Total Salary” in your Agreement 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 Agreement, to the extent not modified hereby, will continue to apply as specified in the Agreement. |
To indicate your acceptance of these updated terms and conditions of your employment, please sign below.
| Sincerely, | |||
| HEARTWARE, INC. | |||
| BY: | /s/ Douglas Godshall | ||
| Title: | President and CEO | ||
| Accepted and agreed: | |
| /s/ Jeff LaRose | |
| Jeff LaRose |
