EX-10.18 5 a06-4180_1ex10d18.htm MATERIAL CONTRACTS

Exhibit 10.18

 

Summary of Executive Officer Compensation

 

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

 

Name

 

Base salary

 

Bonus earned for the
first half of fiscal
2006

 

Bonus target for the
remainder of fiscal
2006

 

Dr. Karim Benali

 

$

171,200

 

$

37,500

 

$

37,500

 

Javier Jimenez

 

$

175,100

 

$

18,750

 

$

46,250

 

Dr. Robert T.V. Kung

 

$

226,600

 

$

25,000

 

$

79,000

 

Christopher D. Macdonald

 

$

195,700

 

$

25,000

 

$

75,000

 

 

These officers are also eligible to receive grants of stock options and other awards at the discretion of ABIOMED’s Compensation Committee.