June 26, 2016
| June 26, 2016 |
Xxxxxxx Xxxxxxxx
0 Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Dear Xxxx,
Reference is made to the employment letters (the “Agreements”) between you and HeartWare International, Inc. (“HWII”), dated December 16, 2009, and between you and HeartWare, Inc. (“HWI”, HWII and HWI together, the “Company”), dated December 21, 2010, each as amended from time to time. You and the Company desire to amend the Agreements in the manner described below.
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1.
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Total Salary. The definition of “Total Salary” in your Agreements shall be replaced by the following:
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“Total Salary” means your current Base Salary plus your current target annual cash bonus assuming 100% corporate and individual achievement.
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2.
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No Other Changes. The terms and conditions of the Agreements, to the extent not modified hereby, will continue to apply as specified in the Agreements.
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To indicate your acceptance of these updated terms and conditions of your employment, please sign below.
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Sincerely,
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| HEARTWARE INTERNATIONAL, INC. | |||
| BY: | /s/ Xxxxxxxx X. Xxxxx | ||
| Title: | SVP and General Counsel | ||
| HEARTWARE, INC. | |||
| BY: | /s/ Xxxxxxxx X. Xxxxx | ||
| Title: | SVP and General Counsel | ||
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Accepted and agreed:
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| /s/ Xxxxxxx Xxxxxxxx | |
| Xxxxxxx Xxxxxxxx |
