Document:

Offer Letter- Jean Chang

 Exhibit 10.54 

 

 

 October 29, 2010 
 Jean Chien-Ju Chang 
 Dear Jean: 

Hansen Medical, Inc. (the “Company”) is pleased to offer you employment on the following terms: 

1. Position. Your title will be Vice President, Engineering. This position will report to the Company’s President and Chief
Executive Officer. This is a full-time position contingent upon successful completion of a background and reference checks. While you render services to the Company, you will not engage in any other employment, consulting or other business activity
(whether full-time or part-time) that would create a conflict of interest with the Company. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from
performing your duties for the Company. 
 2. Cash Compensation. The Company will pay you a starting salary of $225,000
per year, payable in accordance with the Company’s standard payroll schedule. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. In addition, you will be eligible
to participate in an Executive Incentive bonus plan in 2011 for up to 25% of your base salary, payable in Hansen stock based upon the successful completion of certain agreed upon milestones. This plan will be reviewed and approved by the
Compensation Committee on December 15, 2010. 
 3. Employee Benefits. As a regular employee of the Company, you will
be eligible to participate in a number of Company-sponsored benefits. In addition, you will be entitled to four weeks paid vacation in accordance with the Company’s vacation policy. 

4. Stock Options. Subject to the approval of the Company’s Board of Directors or its Compensation Committee, you will be
granted an option to purchase 250,000 shares of the Company’s Common Stock. The exercise price per share will be equal to the fair market value per share on the date the option is granted. 

The option will be subject to the terms and conditions applicable to options granted under the Company’s 2006 Equity Incentive Plan
(the “Plan”), as described in the Plan and the applicable Stock Option Agreement. You will vest in 25% of the option shares after 12 months of continuous service, and the balance will vest in equal monthly installments over the next 36
months of continuous service, as described in the applicable Stock Option Agreement. 

 Jean Chang 
 October 29, 2010 
  Page
 2
 
  

 5. Retention Agreement. The Company will offer you the opportunity to enter into
a Retention Agreement in the form of the document attached hereto as Exhibit A.  
 6. Proprietary Information
and Inventions Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached
hereto as Exhibit B. 
 7. Employment Relationship. Employment with the Company is for no specific period of
time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to
you are superseded by this letter agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and
procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you). 

8. Taxes. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable
withholding and payroll taxes and other deductions required by law. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the
Company or its Board of Directors related to tax liabilities arising from your compensation. 
 9. Interpretation, Amendment
and Enforcement. This letter agreement and Exhibits A and B constitute the complete agreement between you and the Company, contain all of the terms of your employment with the Company and supersede any prior agreements, representations
or understandings (whether written, oral or implied) between you and the Company. This letter agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms
of this letter agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this letter agreement or arising out of, related to, or in any way connected with, this letter agreement, your employment with the
Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of
the federal and state courts located in Santa Clara County, California, in connection with any Dispute or any claim related to any Dispute. 
 * * * * * 
 We are excited about the possibility of you joining
our Company. You may indicate your agreement with these terms and accept this offer by signing and dating both the enclosed duplicate original of this letter agreement and the enclosed Proprietary Information and Inventions Agreement and returning
them to me. This offer, if not accepted, will expire at the close of business on November 8, 2010. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to

 Jean Chang 
 October 29, 2010 
  Page
 3
 
  

 
work in the United States. Your employment is also contingent upon your starting work with the Company on or before November 16, 2010. 

If you have any questions, please call me at 650-404-5804. 
 Very truly yours, 
  

	
	 HANSEN MEDICAL, INC.

	
	 /S/ BRUCE J BARCLAY

	
	 By: Bruce J Barclay

	
	 Title: President and CEO

 I have read and accept this employment offer: 
  

			
	 /s/ Jean Chien-Ju Chang

	 Jean Chien-Ju Chang

		
	 Dated:
	 	 November 13, 2010

Attachment 
 Exhibit A: Retention Agreement 
 Exhibit B: Proprietary Information and Inventions
AgreementOffer Letter - Rita V. Jacob

 Exhibit 10.55 

 

 

 October 29, 2010 
 Rita Jacob 
 Dear Rita: 

Hansen Medical, Inc. (the “Company”) is pleased to offer you employment on the following terms: 

1. Position. Your title will be Vice President, Global Training and Clinical Affairs. This position will report to the
Company’s President and Chief Executive Officer. This is a full-time position contingent upon successful completion of a background check. While you render services to the Company, you will not engage in any other employment, consulting or
other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that
would prohibit you from performing your duties for the Company. 
 2. Cash Compensation. The Company will pay you a
starting salary of $210,000 per year, payable in accordance with the Company’s standard payroll schedule. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. In
addition, you will be eligible to participate in an Executive Incentive bonus plan in 2011 for up to 25% of your base salary, payable in Hansen stock based upon the successful completion of certain agreed upon milestones. This plan will be reviewed
and approved by the Compensation Committee in December, 2010. 
 3. Employee Benefits. As a regular employee of the
Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will be entitled to four weeks paid vacation in accordance with the Company’s vacation policy. 

4. Stock Options. Subject to the approval of the Company’s Board of Directors or its Compensation Committee, you will be
granted an option to purchase 125,000 shares of the Company’s Common Stock. The exercise price per share will be equal to the fair market value per share on the date the option is granted. 

The option will be subject to the terms and conditions applicable to options granted under the Company’s 2006 Equity Incentive Plan
(the “Plan”), as described in the Plan and the applicable Stock Option Agreement. You will vest in 25% of the option shares after 12 months of continuous service, and the balance will vest in equal monthly installments over the next 36
months of continuous service, as described in the applicable Stock Option Agreement. 

 Rita Jacob 
 October 29, 2010 
  Page
 2
 
  

 5. Retention Agreement. The Company will offer you the opportunity to enter into
a Retention Agreement in the form of the document attached hereto as Exhibit A.  
 6. Proprietary Information
and Inventions Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached
hereto as Exhibit B. 
 7. Employment Relationship. Employment with the Company is for no specific period of
time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to
you are superseded by this letter agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and
procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you). 

8. Taxes. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable
withholding and payroll taxes and other deductions required by law. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the
Company or its Board of Directors related to tax liabilities arising from your compensation. 
 9. Interpretation, Amendment
and Enforcement. This letter agreement and Exhibits A and B constitute the complete agreement between you and the Company, contain all of the terms of your employment with the Company and supersede any prior agreements, representations
or understandings (whether written, oral or implied) between you and the Company. This letter agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms
of this letter agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this letter agreement or arising out of, related to, or in any way connected with, this letter agreement, your employment with the
Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of
the federal and state courts located in Santa Clara County, California, in connection with any Dispute or any claim related to any Dispute. 
 * * * * * 
 We are excited about the possibility of you joining
our Company. You may indicate your agreement with these terms and accept this offer by signing and dating both the enclosed duplicate original of this letter agreement and the enclosed Proprietary Information and Inventions Agreement and returning
them to me. This offer, if not accepted, will expire at the close of business on November 12, 2010. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to

 Rita Jacob 
 October 29, 2010 
  Page
 3
 
  

 
work in the United States. Your employment is also contingent upon your starting work with the Company on or before December 13, 2010. 

If you have any questions, please call me at 650-404-5804. 
 Very truly yours, 
  

	
	 HANSEN MEDICAL, INC.

	
	 /S/ BRUCE J BARCLAY

	
	 By: Bruce J Barclay

	
	 Title: President and CEO

 I have read and accept this employment offer: 
  

			
	 /s/ Rita Jacob

	                Rita Jacob
		
	 Dated:
	 	 10/29/2010

Attachment 
 Exhibit A: Retention Agreement 
 Exhibit B: Proprietary Information and Inventions
Agreement

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