Document:

Offer Letter - James P. Shaughnessy

 EXHIBIT 10.6 
 [WORKDAY LOGO] 
 July 7, 2011 

Jim Shaughnessy 

Dear Jim, 
 Workday, Inc. (the “Company”) is pleased to offer you employment as General Counsel. 
 Your employment with the Company shall commence on August 15, 2011 with an initial starting salary at a rate of $200,000 per year, which shall be payable in accordance with the Company’s
standard payroll procedures. In addition, you will be eligible to participate in a variable (“incentive”) compensation plan, targeted at 25% annually. This plan is subject to discretion based on individual performance against annual goals
upon which you and your manager agree in advance. This variable (“incentive”) compensation plan will be guaranteed for full payment through your first year anniversary. The Company will offer you a one-time Hiring Bonus of $100,000
(“Hiring Bonus”) where $50,000 shall be payable during the first regular payroll cycle following your date of hire and the remaining $50,000 of the Hiring Bonus will be payable in January 2012. Should you choose to leave the Company within
twenty-four (24) months following your start date, you agree to repay a pro-rated (on a monthly basis) portion of your Hiring Bonus. Subject to the approval of the Company’s Board of Directors or its Compensation Committee, you will be
granted an option to purchase 240,000 shares of the Company’s Common Stock Option. The exercise price per share will be equal to the fair market value per share on the date the Option is granted or on your first day of employment, whichever is
later. You will vest in 20% of the Option shares after 12 months of continuous service, and the balance will vest in equal quarterly installments over the next 16 quarters of continuous service. The Option will be subject to the terms and conditions
applicable to options granted under the Company’s 2005 Stock Plan (the “Plan”), as described in the Plan and the applicable Stock Option Agreement. As a regular employee of the Company, you will also be eligible to participate in a
number of Company-sponsored benefits and programs, as may be established by the Company and in effect from time to time. The Company shall reimburse you with a one-time relocation allowance of $100,000. This will be payable in your first regular
paycheck, in accordance with the Company’s standard payroll procedures and maybe subject to repayment if you choose to leave the Company within one year of your original commencement date. Additionally, the Company shall approve agreed upon
expenses incurred by you in connection with relocating you and your family to California. Reimbursable expenses will be limited to two house hunting trips for two people (coach flight and rental car), reasonable moving and storage costs and
temporary housing for up to 150 days. 
 Please be advised that your employment with the Company will be
“at-will”, which means that either you or the Company may terminate your employment at any time, for any reason or no reason, with or without notice. There is no promise by the Company that your employment will continue for a set period of
time or that your employment will be terminated 

  
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only under particular circumstances. Any exception to this policy of employment at-will shall only be made in writing by the President of the Company. In particular, this policy of at-will
employment shall not be modified by any statements, express or implied, contained in any employment handbook, application, memoranda, policy, procedure, or other materials or statements provided to you in connection with your employment. This offer
is contingent upon satisfactory completion of all applicable background checks. 
 The Company has its own way
of doing business, and its own unique, independently developed proprietary technology. We have neither the need nor desire to make any unauthorized use of any intellectual property or confidential information belonging to or developed by others. The
Company also understands the importance of protecting its own intellectual property and confidential information, and respects the intellectual property and confidential information developed by other companies. We fully expect that each person who
accepts employment with us will hold themselves to these same standards. No employee should use or bring into the workplace any material that contains intellectual property or confidential information belonging to a previous employer or any other
third party. 
 This offer of employment is contingent upon your execution of the Company’s standard
Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. Like all Company employees, you will also be required, as a condition of your continued employment with the Company to comply with the terms of
the Company’s Employee Handbook as it may be updated and/or revised from time to time 
 I look forward to
an enjoyable business relationship. Welcome aboard! 
  

			
	 Sincerely,
	 	
		
	 /s/ Chris Watts
	 	 
	 Chris Watts, VP, Finance
	 	

 The foregoing is accepted and correctly states our arrangement. 

 

					
		
	 By:
	 	 /s/ Jim Shaughnessy

		
	 Dated:
	 	 08-15-2011 (re-signed)

  

  
 2Offer Letter - Mark S. Peek

 EXHIBIT 10.7 
 [WORKDAY LOGO] 
 As Amended May 22, 2012 

Mr. Mark S. Peek 
 Dear Mark: 
 Workday, Inc. is pleased to offer you employment as Chief Financial
Officer, reporting to me. 
 Your employment with Workday will commence in June 2012, with an initial stating salary of $250,000
per year, which will be payable in accordance with Workday’s standard payroll procedures. In addition, you will be eligible to participate in a variable compensation plan in which your award will be targeted at $100,000. Your award under this
plan will be determined based on your performance against annual goals upon which we agree in advance. You will also receive a one-time hiring bonus of $50,000 (“Hiring Bonus”) which shall be payable in the first regular payroll cycle
following your commencement of employment. 
 Subject to the approval of the Company’s Board of Directors or its
Compensation Committee, you will be granted an option to purchase 500,000 shares of the Company’s Common Stock and also granted 150,000 shares of the Company’s Restricted Stock. The exercise price per share for the Common Stock option will
be equal to the fair market value for common shares on the date the Option is granted. In addition, you will be able to keep your initial board option granted in December 2011 to purchase 150,000 shares at the strike price and subject to the vesting
schedule set at that time. You will vest in 20% of the Option shares and the Restricted Stock after 12 months of continuous service and the balance will vest in equal quarterly installments over the next 16 quarters of continuous service with your
vesting commencing on your first day of employment. The Option and the Restricted Stock grants will be subject to the terms and conditions applicable to equity granted under the Company’s 2005 Stock Plan (the “Plan”), as described in
the Plan and the applicable Stock Option Agreement and Restricted Stock Agreement. 
 As a regular employee of Workday, you will
also be eligible to participate in a number of Workday-sponsored benefits and programs, as may be established by Workday and in effect from time to time. In addition, as a Workday senior executive, you will participate in a change in control plan to
be adopted by Workday’s Board of Directors that will provide benefits if, following a change in control of Workday, your employment in terminated other than for cause or due to your voluntary resignation for good reason. In your case, the
benefits under the plan will be no less than a payment in the amount of 100% of your base compensation and accelerated vesting of 50% of your unvested equity awards as of the date of the change in control. The change in control plan will provide for
typical definitions of “cause”, “good reason” and “change in control”. 
 Please be advised that
your employment with Workday will be “at-will”, which means that either you or Workday may terminate your employment at any time, for any reason or no reason, with or without notice. There is no promise by the Workday that your employment
will continue for a set period of time or that your employment will be terminated only under particular circumstances. Any exception to this policy of employment at-will shall only be made in writing by a CEO of Workday. In particular, this policy
of at-will employment shall not be modified by any statements, express or implied, contained in any employment handbook, application, memoranda, policy, procedure, or other materials or statements

 
provided to you in connection with your employment. This offer is contingent upon satisfactory completion of all applicable background checks. 

All amounts discussed herein are subject to applicable withholding taxes. If Workday determines at the time of the your termination of
employment that it is necessary or appropriate for any of the payments specified above to be delayed in order to avoid additional tax, interest and/or penalties under Section 409A of the Internal revenue Code (“Section 409A”), then
the payments, as applicable, shall be made on the earliest practicable date or dates permitted under Section 409A without the imposition of any additional tax, interest and/or penalties. 

Workday has its own way of doing business, and its own unique, independently developed proprietary technology. We neither need nor desire
to make any unauthorized use of any intellectual property or confidential information belonging to or developed by others. Workday also understands the importance of protecting its own intellectual property and confidential information, and respects
the intellectual property and confidential information developed by other companies. We fully expect that each person who accepts employment with us will hold themselves to these same standards. No employee should use or bring into the workplace any
material that contains intellectual property or confidential information belonging to a previous employer or any other third party. 
 This offer of employment is contingent upon your execution of Workday’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. Like all Workday
employees, you will also be required, as a condition of your continued employment with Workday to comply with the terms of Workday’s Employee handbook as it may be updated and/or revised from time to time. 

We are delighted that you will be joining us to help build a truly world class company. Welcome aboard! 

 

	
	 Sincerely,

	
	 /s/ Aneel Bhusri

	 Aneel Bhusri, Co-CEO

 The forgoing is accepted and correctly states our arrangement. 

 

	
	
	 /s/ Mark S. Peek

	 Mark S. Peek

  
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