EX-10.2






Exhibit 10.2




December 30, 2005



Robin Washington


34 Elrod Ave.


Oakland, CA 94618



Dear Robin,



We are very pleased to offer you a full-time position with Hyperion as Chief Financial Officer
working in our Santa Clara, CA office. As you know, you’ll be reporting directly to me.



Few events in a professional career are more exciting than starting a new position with a new
company! We are confident that your experience at Hyperion will be professionally challenging and
rewarding, and we look forward to beginning this journey with you. We also want to make sure that
you get off to a great start and with that goal in mind; this offer letter has important
information including your start date, compensation, and other information specific to the terms of
your employment with us.



As you review the details in this letter, please keep in mind that our offer is contingent upon
Hyperion’s satisfactory completion of reference and background checks, and proof of your
eligibility to work in the United States prior to your start date.



Robin, Hyperion is committed to competitive total compensation packages that pay for performance
and enable us to attract, retain and motivate a world-class workforce. We differentiate our
compensation packages through incentive programs that reward our employees for driving the growth
and success of the business.



Your employment at Hyperion will begin on January 17, 2006. You will be compensated at an annual
rate of $355,000.00, which Hyperion will pay on a semi-monthly basis at a rate of $14,791.66. You
also will be eligible to participate in the Hyperion Executive Compensation Plan with an annual
target bonus of 60% of your base salary. This plan currently pays out on an annual basis. These
bonus payments are discretionary and are based on company, business unit and individual
performance.



You also will receive an advance payment of a $20,000.00 bonus payable in a lump sum on your first
day of employment.



Pending approval by Hyperion’s Board of Directors, you will be granted a Stock Option right to
purchase up to 135,000 shares of Hyperion common stock, according to the terms of your stock option
grant agreement and the company’s 2004 Equity Incentive Plan. The vesting schedule of your stock
option grant is 25% vesting after the first year from the grant date and monthly vesting for the
following 36 months, so long as you remain continuously employed by Hyperion. Stock option grants
and incentive compensation payments are contingent upon your employment in good standing with
Hyperion at the time of the grant approval or incentive compensation payout.



Pending approval by Hyperion’s Board of Directors, you will be granted the right to purchase 25,000
shares of restricted stock at a purchase price of $.001 per share. Hyperion will retain the right
to repurchase these shares and forgive that right, in four equal annual installments of 6,250
shares per year.



Hyperion is pleased to offer our employees and their eligible dependents a number of high quality
benefits, most of which you can enroll in effective your date of hire. Please note that all
Hyperion benefits are subject to change.



Under the U.S. Immigration Reform and Control Act, (IRCA), all employers are required to verify the
identity of all new employees as well as an employee’s right to work in the United States within
three (3) business days of the employee’s start date. Your offer of employment is contingent on
your ability to provide the necessary documentation to comply with the IRCA. On your first day of
employment, please present original documents that indicate your eligibility to work in the United
States. Proper forms of documentation are listed on the I-9 form, which is included in your
pre-employment package.



By signing this letter below, you acknowledge that your employment at Hyperion is for an
unspecified duration and that neither this letter nor your acceptance of the terms in it
constitutes a contract of employment for a specific duration of time. Hyperion is an “at-will”
employer, which means that you or Hyperion can terminate your employment relationship with Hyperion
with or without notice and with or without cause or justification. The at-will nature of your
employment cannot be altered or modified except in writing signed by the Chief Executive Officer of
Hyperion. Hyperion may change your title, reporting assignment and duties from time to time at its
sole discretion.



By signing below, you also acknowledge that you are under no obligations, restrictions or
commitments that preclude you from employment at Hyperion. Such restrictions include but are not
limited to non-competition obligations you may have with another employer. The terms and conditions
contained in this offer letter supersede any other representations made to you, whether oral or
written.



In the event of any dispute or claim relating to or arising out of this offer letter, your
employment relationship with Hyperion or the termination of your employment with Hyperion for any
reason, you and Hyperion agree that all such disputes shall be fully, finally and exclusively
resolved by binding arbitration to the fullest extent permitted by law. This includes but is not
limited to any claims of breach of contract, wrongful termination or age, sex, race, national
origin, disability or other discrimination or harassment. The arbitration will be conducted in
accordance with the American Arbitration Association’s “National Rules for the Resolution of
Employment Disputes” then in effect. You and Hyperion also waive your respective rights to have any
and all disputes or claims adjudicated in court or before any administrative agency or tried in
court before any administrative agency, judge or jury.



If you have not already done so, Robin, Hyperion will require you to complete an online Application
for Employment as a condition of your employment. The Application allows us to obtain information
on your employment history and other job qualifications. In the event we determine that information
on the application is incorrect, incomplete, misleading or false, Hyperion may withdraw this offer
for employment or terminate your employment. In consideration of your agreeing to this employment
offer with Hyperion, and as a condition of your reporting for work, we ask that you read, sign and
comply with the enclosed Employee Agreement.



On your start date, your designated Human Resources Business Partner will meet with you to answer
any questions you have and to make sure that all of your new hire paperwork is completed. If you
have questions in the meantime about any of the information in this letter or what to expect on
your first day, please contact me.



Hyperion employees are passionate about customer success, innovation and leading through teamwork.
Robin, we look forward to having you on the Hyperion team!



Sincerely,



/s/Godfrey Sullivan



Godfrey Sullivan

President and CEO


Hyperion Solutions Corporation



	 
	 

	Accepted and Agreed to:

	_/s/Robin Washington      12/30/05      

	 

	Robin Washington Date Social Security number Planned start date







Offer letter expires on January 4, 2006 by 5:00 PM-PST.