Document:

Offer Letter - Arthur S. Hsieh

 Exhibit 10.58 

 

 

 March 18, 2008 
 Arthur S. Hsieh 
 Dear Arthur 

Hansen Medical, Inc. is pleased to offer you full time employment with the Company as our Chief Patent Counsel, reporting to me.

 You will be paid a starting at the rate of $16,666.67 per month (approximately $200,000 annualized) payable on the
Company’s regular payroll dates. As a regular employee of the Company you will be eligible to participate in a number of Company-sponsored benefits, which are described in the employee benefit summary that I have enclosed with this letter.
Benefits are effective the first of the month following the date of your employment. You will also be eligible to participate in the Incentive Bonus Program at the 20% level; payment of the bonus is dependent upon Company performance and achievement
of individual goals and objectives. 
 Subject to the approval of the Company’s Board of Directors or its Compensation
Committee, you will be granted an option to purchase 20,000 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 Stock Plan, as described in that Plan and the applicable stock option agreement. 
 As 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, which is enclosed.

 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 Any contrary representations which may have been made to you are superseded by this offer. 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 the Company’s Chief Executive officer. 

While you render services to the Company, you agree that you will not engage in any other employment, consulting or other business
activity without the written consent of the Company. 

 Arthur Hsieh 
 March 18, 2008 
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 In addition, while you render services to the Company, you will not assist any person or
entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the Company. 
 All forms of compensation referred to in this letter are subject to applicable withholding and payroll taxes. 
 This letter supersedes and replaces any prior understandings or agreements, whether oral, written or implied, between you and the Company regarding the matters described in this letter. 

As required by law, your employment with the Company is also contingent upon your providing legal proof of your identity and
authorization to work in the United States. 
 If you wish to accept employment at Hansen under the terms described above,
please sign and date this letter and the Proprietary Information Agreement, and return them to me by March 19, 2008. You may scan and email the letter to
                             or fax the acceptance to Cathy Wooten, at
650-404-            . If you accept our offer, we would like you to start work on April 14, 2008 or as soon thereafter as possible. 

We look forward to your favorable reply and to a productive and enjoyable work relationship. 

Sincerely, 
  

	
	 /s/ David Lundmark

	 David Lundmark

	 VP for IP and Legal

	
	 I have read and accept this employment offer: /s/ Arthur S. Hsieh

	
	 Dated: March 18, 2008Offer Letter - Kenneth T. Husted

 Exhibit 10.59 

 

 

 December 19, 2008 
 Kenneth Husted 
 Dear Kenneth: 

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

1. Position. Your title will be Vice President, Sales, United States. This position will report to the Company’s Senior Vice President,
Commercial Operations. This is a full-time position contingent upon successful completion of a background check. While you render services to the Company, you win 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. 
 Cash Compensation. The Company will pay you a starting salary of $185,000 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 to your base salary, for the first six
months of your employment, you will receive a six month guarantee of $10,000 monthly (approximately $60,000 annualized) from your start date and for a period of one-hundred eighty (180) days. You will be eligible to participate in the 2009
Sales Compensation Plan. In addition to your salary and commission, the Company will provide a car allowance of $600 per month, a cell phone/PDA, and a computer and printer (if required). Your travel expenses will be reimbursed per Hansen Medical
guidelines. 
 2. 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 paid vacation in accordance with the Company’s vacation policy) as in effect from time to time. 
 3. 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 35,000 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 subjcct 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. 

 Kenneth Husted 
 December 19, 2008 
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 4. Change in Control 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. 
 5. 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.

 6. 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). 
 7. Taxes. All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable withholding and payrol1 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. 
 8. 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. 
 ***** 

 Kenneth Husted 
 December 19, 2008 
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 We hope that you will accept our offer to join the 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 Kathryn Innes. This offer,
if not accepted, will expire at the close of business on December 23, 2008. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States. Your
employment is also contingent upon your starting work with the Company on or before December 30, 2008. 
 If you have any questions, please
call me at. 
  

	
	Very truly yours,
	
	HANSEN MEDICAL, INC.
	
	By: Christopher Sells
	
	Title: Senior Vice President, Commercial Operations
	
	I have read and accept this employment offer:
	
	 /s/ Kenneth Husted

	    Signature of Kenneth Husted
	
	Dated: 12/31/2008

 Attachment

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

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