Exemption Involving the Abiomed Retirement Savings Plan Located in Danvers, MA

This exemption allows the Abiomed Retirement Savings Plan (the Plan) to acquire and hold certain "contingent value rights" and to receive payments in connection with that acquisition and holding. Absent an exemption, these transactions would violate the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code).

This is a factual description of what was issued or decided, not an assessment of it.