MicroMed Cardiovascular Inc.
Effective February 11, 2008, MicroMed Cardiovascular Inc. entered into an employment agreement with Deanne Yartz, under which Ms. Yartz will serve as Chief Financial Officer of the company. Since October 8, 2007, Ms. Yartz has served as the company’s Chief Financial Officer under an agreement between the company and Agility Business Partners, LLC, which agreement the parties agreed to terminate effective as of February 8, 2008. Under the terms of the employment agreement, Ms. Yartz will (i) receive of salary of $150,000 annually, (ii) be eligible to receive stock options at the discretion of the board of directors, and (iii) be eligible to receive an incentive bonus of $30,000 based on milestones to be determined by the board of directors. The employment agreement may be terminated at any time for any reason by either the company or Ms. Yartz.
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