Document:

EX-10.25

 Exhibit 10.25 

Summary of Executive Officer Compensation 

The following executive officers of ABIOMED, Inc. are at will employees of ABIOMED, Inc. and have not entered into a formal employment
agreement with ABIOMED, Inc. The current understanding between each employee and ABIOMED, Inc. with respect to the employee’s compensation is as follows: 
  

											
	Name	  	Base Salary	  	Target
Fiscal 2016
Bonus
(Percentage
of Salary)
	 William J. Bolt
	  	 	$	306,348	  	  	 	 	60%	  
			
	 Andrew J. Greenfield
	  	 	$	290,759	  	  	 	 	60%	  
			
	 Michael G. Howley
	  	 	$	318,964	  	  	 	 	65%	  

 These officers are also eligible to receive grants of stock options and other awards at the discretion of
ABIOMED’s Compensation Committee. 
 We have an employment agreement with our Chief Executive Officer, Michael R. Minogue, which sets
forth the terms of his employment. Mr. Minogue’s current salary is $629,853 and his target bonus for fiscal 2016 is 120% of salary. We have an offer letter with our Chief Financial Officer, Robert L. Bowen, which sets forth the terms of
his employment. Mr. Bowen’s current salary is $333,022 and his target bonus for fiscal 2016 is 60% of salary. We also have an offer letter with our Chief Operating Officer, David M. Weber, which sets forth the terms of his employment.
Mr. Weber’s current salary is $364,396 and his target bonus for fiscal 2016 is 70% of salary.EX-10.29

 Exhibit 10.29 

FIRST AMENDMENT TO LEASE 
 THIS FIRST
AMENDMENT TO LEASE (this “Amendment”) is dated as of April 30, 2015, and made between Leo C. Thibeault, Jr., Trustee of The Thibeault Nominee Trust u/d/t dated November 20, 1996, recorded with the Essex South Registry of Deeds,
Book 13856, Page 290 (“Lessor”), having a usual place of business at 513 Turtle Hatch Lane, Naples, FL 34103, and ABIOMED, Inc., a Delaware corporation (“Lessee”), having a usual place of business at 22 Cherry Hill
Drive, Danvers, MA 01923, in connection with that certain lease between the Lessor and Lessee dated February 24, 2014 and relating to the premises located at 18-22 Cherry Hill Drive, Danvers, MA 01923 (the “Lease”). 

Whereas, the parties wish to amend the Lease to expand the Premises (as defined in the Lease) leased by Lessee under the Lease from 96,000 square feet to
120,560, thereby adding 24,560 square feet (the “Added Space”) to the Premises, and 
 Whereas, the parties wish to make other amendments
to the Lease related to the expansion of the Premises, 
 Now, therefore, it is hereby agreed as follows: 

1. Attached hereto as Exhibit A is a diagram of the Added Space which is hereby added to the Premises for all purposes of the Lease. The Lessee shall have
immediate access to the Added Space for permitting and fit-out purposes. The Lessee shall be solely responsible for obtaining all necessary building and other permits relating to Lessee’s fit-out work. All work performed by the Lessee shall be
made in conformity with Section 12 of the Lease. The Lessor at his sole cost and expense shall gut the office space in the front of the Added Space and shall build a demising wall that shall divide the Added Space from the space in the Building
retained by the Lessor. The demising wall shall be built using sheetrock or similar material and shall comply with applicable building code provisions. 

2. The Lessee shall pay Base Rent for the Added Space at the rate of $5.75 per square foot from the earlier of Lessee’s occupancy of any portion of the
Added Space and January 1, 2016 through February 2018, and $6.00 per square foot from March 2018 through February 2021. The monthly Base Rent for the Added Space shall therefore be $11,768.33 through February 2018 and $12,280.00 from March 2018
through February 2021. The total monthly Base Rent for the Premises through February 2016 shall therefore be $85,818.33. The total monthly Base Rent for the Premises for the period from March 2016 through February 2018 shall therefore be $82,518.33.
The total monthly Base Rent for the Premises for the period from March 2018 through February 2021 shall therefore be $85,030.00. 
 3. Beginning upon the
earlier of the Lessee’s occupancy of any portion of the Added Space and January 1, 2016, the Lessee’s “Proportionate Share” (as defined in Section 2 of the Lease) of the Building is hereby amended to be 73.29 %,
which percentage shall thereafter be used for calculating the Additional Rent owed by Lessee and for all other purposes under the Lease. 
 4. As part of
its fit-out work, the Lessee shall perform all electrical and other utility work necessary to separate and separately meter (whether by means of new meters or the connecting of the Added Space to the meters serving the existing Premises) all
utilities serving the Added Space from the utilities serving the space in the Building retained by the Lessor. The Lessee shall be responsible for all utility charges relating to the Added Space in relation to each type of utility charge, upon the
earlier of (i) the connecting of the applicable utility to any new or existing meter, (ii) the Lessee’s occupancy of any portion of the Added Space and (iii) January 1, 2016. 

  
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 5. Provided that there is no existing Event of Default at the time of its exercise of the Right of First Offer
described in this Paragraph 5, the Lessee shall have a one-time Right of First Offer to lease any additional space within the Building as it becomes available to lease. The Lessor shall provide the Lessee with written notice of intention to
lease, including terms and conditions under which the Lessor is willing to lease (the “Lease ROFO Notice”). Lessee shall have thirty (30) days from receipt of the Lease ROFO Notice to exercise this right, after which the right
will terminate. If Lessee does not timely exercise its Right of First Offer under this Paragraph 5, Lessor may lease the space described in the Lease ROFO Notice to a third-party lessee; provided, however, that if Lessor does not within ninety
(90) days effectuate such lease for an aggregate economic value (including rent and any concessions offered to tenant) equal to or greater than ninety-five percent (95%) of the aggregate economic value (including rent and any concessions
offered to tenant) described in the Lease ROFO Notice, then Lessee’s Right of First Offer shall again apply with respect to such lease and the Lessor shall be required to first re-offer such lease to the Lessee in a Lease ROFO Notice as
provided herein prior to proceeding with any such third-party lease. This Right of First Offer shall in all events expire on December 31, 2015. 
 6.
Provided that there is no existing Event of Default at the time of its exercise of the Right of First Offer described in this Paragraph 6, the Lessee shall have a one-time Right of First Offer to buy the property known and numbered as 18-22
Cherry Hill Drive, Danvers, MA 01923 (the “Danvers Property”) as it becomes available to buy. The Lessor shall provide the Lessee with written notice of intention to sell, including terms and conditions under which the Lessor is
willing to sell (the “Sale ROFO Notice”). Lessee shall have thirty (30) days from receipt of the Sale ROFO Notice to exercise this right, after which the right will terminate. If Lessee does not timely exercise its Right of
First Offer under this Paragraph 6, Lessor may sell the Danvers Property to a third-party purchaser; provided, however, that if Lessor does not effectuate such sale for a purchase price equal to or greater than ninety-five percent (95%) of the
purchase price set forth in the Sale ROFO Notice, then Lessee’s Right of First Offer shall again apply with respect to such sale and the Lessor shall be required to first re-offer such sale to the Lessee in a Sale ROFO Notice as provided herein
prior to proceeding with any such third-party sale. This Right of First Offer shall in all events expire on the expiration of the term of the Lease including, if applicable, any extension of the term pursuant to Section 34 of the Lease. 

7. All capitalized terms contained in this Amendment that are used without definition shall have the definition set forth in the Lease. 

8. Each of the parties hereto represents to the other that it has the legal power, right and authority to enter into this Amendment and that the individuals
executing this Amendment on behalf of each of Lessor and Lessee have the legal power, right and actual authority to bind Lessor and Lessee, respectively, to the terms and conditions hereof. 

9. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original. 

10. Except as otherwise expressly modified or amended by this Amendment, the Lease remains unchanged and in full force and effect in accordance with its
terms. In the event of a conflict between the Lease and this Amendment, this Amendment shall control. This Amendment shall be binding upon and inure to the benefit of the Lessor and the Lessee and their respective successors and assigns. The parties
hereby reaffirm the terms and provisions of the Lease, as amended by this Amendment. 
 [Signatures on Following Page] 

  
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 Signed as a sealed instrument as of the date or dates indicated below. 

 

									
	Thibeault Nominee Trust, Lessor				ABIOMED, Inc., Lessee
					
	By:		/s/ Leo C. Thibeault, Jr.				By:		/s/ Michael R. Minogue
	Its:		Trustee				Its:		President and CEO

  
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 EXHIBIT A 

Added Space 
 [To Be
Attached] 

  
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 EXHIBIT AExhibit 10.2 - Form 8-K 5282015

Exhibit 10.2

HAWAIIAN HOLDINGS, INC.
2015 STOCK INCENTIVE PLAN
NOTICE OF RESTRICTED STOCK UNIT GRANT AND RESTRICTED STOCK UNIT AGREEMENT
Terms defined in the Hawaiian Holdings, Inc. 2015 Stock Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Agreement, including the Notice of Restricted Stock Unit Grant (the “Notice of Grant”), the Terms and Conditions of Restricted Stock Unit Grant, and all appendices and exhibits to these documents (all together, the “Agreement”).
Participant has been granted this Restricted Stock Unit Grant with terms below and subject to the terms and conditions of the Plan and this Agreement, as follows:
	
				
	Participant
	 
	 
	 

	 
	 
	 
	 

	Grant Number
	 
	 
	 

	 
	 
	 
	 

	Grant Date
	 
	 
	 

	 
	 
	 
	 

	Vesting Start Date
	 
	 
	 

	 
	 
	 
	 

	Numbers of Shares Granted
	 
	 
	 

	 
	 
	 
	 

Vesting Schedule:
Unless the vesting is accelerated, the Restricted Stock Units will vest on the following schedule as long as Participant continues to be a Service Provider through each such date:
		
	•
	[●]% of the Restricted Stock Unit Grant ([●] Restricted Stock Units) will vest on [DATE], 

		
	•
	[●]% of the Restricted Stock Unit Grant ([●] Restricted Stock Units) will vest on [DATE], and

		
	•
	[●]% of the Restricted Stock Unit Grant ([●] Restricted Stock Units) will vest on [DATE]. 

Except as set forth on Appendix A, if Participant ceases to be a Service Provider for any or no reason before Participant vests in the Restricted Stock Units, the unvested Restricted Stock Units will immediately terminate.
Participant’s signature below indicates that:
		
	(i)
	He or she agrees that this Restricted Stock Unit Grant is granted under and governed by the terms and conditions of the Plan and this Agreement, including their exhibits and appendices.

		
	(ii)
	He or she understands that the Company is not providing any tax, legal or financial advice and is not the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of Shares. 

		
	(iii)
	He or she has reviewed the Plan and this Agreement, has had an opportunity to obtain the advice of personal tax, legal and financial advisors prior to signing this Agreement and fully understands all provisions of the Plan and Agreement. He or she will consult with his or her own personal tax, legal and financial advisors before taking any action related to the Plan.

		
	(iv)
	He or she has read and agrees to each provision of Section 10 of this Agreement.

		
	(v)
	He or she will notify the Company of any change to the contact address below.

PARTICIPANT    

	
			
	 
	 
	 

	Signature
	 
	 

	 
	 
	 

	Address:
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

APPENDIX A

EXHIBIT A
TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT
1.Grant. The Company grants the Participant a Restricted Stock Unit Grant as described on the Notice of Grant. If there is  a conflict between the Plan, Agreement, or any other agreement with Participant governing such Award, the forgoing document will take precedence in the following order: (a) the Plan, (b) the Agreement, and (c) any other agreement the Participant governing this Award.
2.    Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units have vested in the manner set forth in Sections 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, the Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any obligations for Tax-Related Items (as defined in Section 7). Subject to the provisions of Section 4 and Section 7, vested Restricted Stock Units will be paid in whole Shares as soon as practicable after vesting, but in each such case within the period 60 days following the vesting date. In no event will Participant be permitted, directly or indirectly, to specify the taxable year of the payment of any Restricted Stock Units payable under this Agreement.
3.    Vesting Schedule. The Restricted Stock Units will only vest under the Vesting Schedule on the Notice of Grant or as set out in Section 4 of this Agreement. Restricted Stock Units scheduled to vest on a date or upon the occurrence of a condition will not vest Participant unless Participant continues to be a Service Provider beginning on the Grant Date through the date that the vesting is scheduled to occur. The Administrator may modify the vesting schedule under Section 11 of the Plan if Participant takes a leave of absence or has a reduction in hours worked.
4.    Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of any portion of the Restricted Stock Units at any time, subject to the terms of the Plan. In that case, the Restricted Stock Units will be vested as of the date specified by the Administrator. The payment of Shares vesting pursuant to this Section 4 will be paid at a time or in a manner that is exempt from, or complies with, Section 409A.
5.    Forfeiture upon Termination of Status as a Service Provider. Any Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider will cease vesting and will revert to the Plan on the 30th day following the Termination of Status Date. The date of Participant’s termination as a Service Provider is detailed in Section 3(d) of the Plan.
6.    Death of Participant. Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then deceased, be made to the administrator or executor of Participant’s estate or, if the Administrator permits, Participant’s designated beneficiary. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.
7.    Tax Obligations. 
(a)    Tax Withholding. 
(i)    No Shares will be issued to Participant until satisfactory arrangements (as determined by the Administrator) have been made by Participant for the payment of income, employment, social insurance, payroll tax, fringe benefit tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”) that the Administrator determines must be withheld. If Participant fails to make satisfactory arrangements for the payment of any Tax-Related Items hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Sections 3 

or 4 or Tax-Related Items related to Restricted Stock Units otherwise are due, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company.
(ii)    Participant may elect to personally satisfy any Tax-Related Items, provided that Participant (or Participant’s beneficiary or estate, if applicable) must give written notice to the Company of such election on or prior to each vesting date. If no such election has been made timely, the Company will satisfy  any Tax-Related Items by reducing the number of Shares otherwise deliverable to Participant.
(iii)    Further, if Participant is subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, the Company and/or Participant’s Employer (the “Employer”), or former employer may withhold or account for tax in greater than one jurisdiction. 
(b)    Code Section 409A. 
(i)    If the vesting of any portion of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A) and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the 6-month period following Participant’s termination as a Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the first day after the end of the 6-month period. 
(ii)    If the termination as a Service Provider is due to death, the delay under Section 7(b)(i) will not apply. If Participant dies following his or her termination as a Service Provider, the delay under Section 7(b)(i) will be disregarded and the Restricted Stock Units will be paid in Shares to Participant’s estate as soon as practicable following his or her death. 
(iii)    All payments and benefits under this Restricted Stock Unit Grant are intended to be exempt from, or comply with, the requirements of Section 409A so that none of the Restricted Stock Units or Shares issuable upon the vesting of Restricted Stock Units will be subject to the additional tax imposed under Section 409A the Company and Participant intend that any ambiguities be interpreted so that the Restricted Stock Units are exempt from or comply with Section 409A.
(iv)    Each payment under these Restricted Stock Units is intended to be a separate payment as described in Treasury Regulations Section 1.409A-2(b)(2). 
8.    Forfeiture or Clawback. The Restricted Stock Units (including any proceeds, gains or other economic benefit received by the Participant from a subsequent sale of Shares issued upon vesting) will be subject to any compensation recovery or clawback policy adopted to comply with the requirements of Applicable Laws.
9.    Rights as Stockholder. Participant’s rights as a stockholder of the Company, including as to voting Shares and the receipt of dividends and distributions on such Shares will not begin until certificates representing Shares have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. 
10.    Miscellaneous
(a)    Address for Notices. Any notice to be given to the Company under the terms of this Agreement must be addressed to the Company at Hawaiian Holdings, Inc.,  3375 Koapaka Street, Suite G-350, Honolulu, HI 96819, until the Company designates another address in writing.
(b)    Non-Transferability of Restricted Stock Units. The Restricted Stock Units may not be transferred other than by will or the laws of descent or distribution.

(c)    Binding Agreement. If any Restricted Stock Units are transferred, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties to this Agreement.
(d)    Additional Conditions to Issuance of Stock. If the Company determines that the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or foreign law, the tax code and related regulations or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to, Participant (or his or her estate), issuance will occur until such condition has been satisfied in a manner acceptable to the Company. The Company will try to meet the requirements of any such state, federal or foreign law or securities exchange and to obtain any such consent or approval of any such governmental authority or securities exchange. 
(e)    Captions. Captions provided in this Agreement are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
(f)    Agreement Severable. If any provision of this Agreement is held invalid or unenforceable, that provision will be severed from the remaining provisions of this Agreement and the invalidity or unenforceability will have no effect on the remainder of the Agreement.
(g)    Modifications to the Agreement. Modifications to this Agreement or the Plan can be made only in an express written contract (including a unilateral contract) executed by a duly authorized officer of the Company. The Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Code Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Code Section 409A in connection to these Restricted Stock Units, and to comply with other Applicable Laws.
(h)    Choice of Law; Choice of Forum. The Plan, all Awards and all determinations made and actions taken under the Plan, to the extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving effect to principles of conflicts of law. For purposes of litigating any dispute that arises under this Plan, a Participant's acceptance of an Award is his or her consent to the jurisdiction of the State of Delaware, and agree that any such litigation will be conducted in Delaware Court of Chancery, or the federal courts for the United States for the District of Delaware, and no other courts, regardless of where a Participant's services are performed.
(i)    Entire Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise the Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to these Restricted Stock Units.
(j)    Waiver. Participant acknowledges that a waiver by the Company of breach of any provision of this Agreement will not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by Participant or any other Participant.

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