Document:

EX-10.1

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

Employee Name: Robin Washington

Effective Date: January 17, 2006

Offer Letter Date (if any): December 30, 2005

Position (title): Chief Financial Officer

Supervisor (title): Godfrey Sullivan – President and CEO

Employment (briefly describe nature of position):

Oversight and management of Hyperion’s global Finance, Information Technology Systems (ITS) and
Facilities functions.

Base Salary:

$355,000.00 (Three hundred fifty five thousand dollars)

Bonus Percentage: 60%

Continuation Period: Twelve (12) months

Additional Benefits (if any):

1. Reimbursement for the reasonable and customary cost of an annual physical examination.

2. Hyperion will reimburse Employee for the following reasonable financial planning and income
tax services: The financial planning and tax firm(s) of your choice will prepare and sign the
Employee’s individual income tax returns and provide the Employee with estimated tax calculations,
as well as future financial planning. In addition, the professionals will provide the Employee
with income tax projections to help Employee develop his or her personal financial goals and
strategies, including planning for the exercise and/or sale of company stock.

Additional Terms (if any):

None.

This Executive Employment Agreement (“Agreement”) is entered into as of the effective date
(“Effective Date”) specified above, by and between Hyperion Solutions Corporation, with offices at
5450 Great America Parkway, Santa Clara, California 95054 (“Hyperion”) and the executive employee
(“Employee”) specified above.

1. Duties and Scope of Employment

a. Subject to the terms of this Agreement, Hyperion agrees to employ Employee in the position
(“Position”) specified in above, or in such other position as Hyperion subsequently may assign to
Employee, to perform the duties of the Position (“Employment”) specified above, or such duties as
Hyperion subsequently may assign to Employee. Employee shall report to the supervisor
(“Supervisor”) specified above, or to such other person as Hyperion subsequently may determine.

b. This Agreement shall remain in effect (the “Term of this Agreement”) until terminated pursuant
to section 3 herein. For the Term of this Agreement Employee shall devote Employee’s full business
efforts and time to Hyperion. Additionally, during the Term of this Agreement, without the prior
written approval of Hyperion (which shall not be unreasonably withheld), Employee shall not render
services in any capacity to any other person or entity, and shall not act as a sole proprietor,
partner or managing member of any other entity, or as a shareholder owning more than one percent
(1%) of the stock of any other corporation or entity. The foregoing, however, shall not preclude
Employee from engaging in reasonable community, school or charitable activities.

c. Employee shall comply with Hyperion’s policies and rules, as they may be in effect from time to
time, during the Term of this Agreement.

d. Employee represents and warrants to Hyperion, to the best of Employee’s knowledge and belief,
that Employee is under no obligation or commitment, whether contractual or otherwise, that is
inconsistent with Employee’s obligations under this Agreement. Employee represents and warrants to
Hyperion, to the best of Employee’s knowledge and belief, that Employee’s Employment with Hyperion
will not require the use, or disclosure, of any trade secrets or other proprietary information or
intellectual property in which Employee, or any other person, has any right, title or interest, and
that Employee’s Employment by Hyperion, as contemplated by this Agreement, will not infringe or
violate the rights of any other person or entity. Employee represents and warrants to Hyperion, to
the best of Employee’s knowledge and belief, that Employee has returned all property and
confidential information belonging to any prior employer.

2. Compensation

a. Hyperion shall pay Employee, as compensation for Employee’s services, a base salary at a gross
annual rate of not less than the base salary (“Base Salary”) specified above. Such Base Salary
shall be payable in accordance with Hyperion’s standard payroll procedures. The Base Salary,
together with any increases in such compensation that Hyperion may grant from time to time, shall
be referred to as the base compensation (“Base Compensation”).

b. An Employee shall be eligible to receive an annual incentive bonus (“Incentive Bonus”) with a
target amount equal to the bonus percentage (“Bonus Percentage”) specified above, of Employee’s
Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria
established in advance by Hyperion’s board of directors or its compensation committee. The
determinations of the board or such committee with respect to such bonus shall be final and
binding.

c. During the Term of this Agreement Employee shall be eligible to participate in any employee
benefit plans maintained by Hyperion for similarly situated employees, subject in each case to the
generally applicable terms and conditions of the plan in question, and to the determinations of any
person or committee administering such plan. In addition to the foregoing benefits, Employee shall
be entitled to the additional benefits (“Additional Benefits”) specified above, if any.

d. During the Term of this Agreement Employee shall be authorized to incur necessary and reasonable
travel, entertainment and other business expenses in connection with Employee’s duties hereunder.
Hyperion shall reimburse Employee for such expenses upon presentation of an itemized account and
appropriate supporting documentation, all in accordance with Hyperion’s generally applicable
policies. Any single expenditure in excess of ten thousand dollars ($10,000.00) shall require the
prior approval of Hyperion’s Chief Executive Officer, President or Chief Financial Officer.

3. Termination

a. Employee may terminate Employee’s Employment at any time and for any reason (or no reason) by
giving Hyperion thirty (30) days advance written notice. Hyperion may terminate Employee’s
Employment at any time and for any reason (or no reason), and with or without cause, by giving
Employee thirty (30) days advance written notice.

b. Hyperion may also terminate Employee’s Employment due to Employee’s permanent disability, by
giving Employee notice in writing. Permanent disability shall mean that Employee, at the time
notice is given, has failed to perform Employee’s duties under this Agreement for ninety (90) days
during any twelve (12) month period, as the result of Employee’s incapacity due to physical or
mental injury, disability or illness, and which Hyperion is unable to accommodate reasonably
without undue hardship. Employee’s Employment shall terminate automatically in the event of
Employee’s death.

c. Unless otherwise provided for herein, upon the termination of Employee’s Employment pursuant to
this section, Employee shall only be entitled to the compensation, benefits and reimbursements
described in section 2 for the period preceding the effective date of the termination. The
payments under this Agreement shall fully discharge all responsibilities of Hyperion to Employee.
The termination of this Agreement shall not limit or otherwise affect Employee’s obligations under
section 4.

d. Any other provision of this Agreement notwithstanding, subsections e and f, below, shall not
apply unless Employee has executed a general release (in a form prescribed by Hyperion, such as the
current Termination Release Agreement available from the Hyperion legal department) of all known
and unknown claims that Employee may then have against Hyperion or persons affiliated with
Hyperion. Such release shall include, among other things, an agreement not to prosecute any legal
action or other proceeding based upon any of such claims. Employee acknowledges that such release
may provide that in the event of a breach by Employee of the terms of the release, or of Employee’s
obligations under section 4 hereof, Hyperion shall be entitled to recover from Employee all amounts
paid under subsections e and f of this section, as well as all litigation costs (including
attorneys’ fees and expenses) incurred by Hyperion in connection with such breach, subject to
applicable law.

e. If:

i. Hyperion terminates Employee’s Employment for any reason other than permanent disability,
or cause, as defined below, or,

	 	ii.	 	Hyperion was subject to a change in ownership and/or control, as defined below,
during the Term of this Agreement and:

1/ Hyperion terminates Employee’s Employment for any reason other than permanent
disability, or cause, as defined below, within three (3) months prior to, or within
twelve (12) months thereafter, such a change in ownership and/or control, or

2/ Employee resigns for good reason, as defined below, within twelve (12) months
thereafter such, a change in ownership and/or control;

then, for the continuation period (“Continuation Period”) specified above, following Employee’s
termination, Hyperion shall pay Employee Employee’s Base Compensation, at the rate in effect at the
time of the termination of Employment in accordance with Hyperion’s standard payroll procedures, a
prorated bonus (at the Employee’s target bonus rate) through the effective date of the termination,
and continue the coverage of Employee, and Employee’s dependents (if applicable), under the health
benefit plans in effect at the time of the termination. To the extent that such plans or the
insurance contracts or provider agreements associated with such plans do not permit the extension
of Employee’s coverage following the termination of Employee’s active employment, Hyperion shall
pay Employee cash in an amount equal to the cost to Hyperion of the coverage that cannot be
provided. If Employee elects to continue Employee’s health insurance coverage under the
Consolidated Omnibus Budget Reconciliation Act (“COBRA”), following Employee’s termination, then
the date of the “qualifying event” for purposes of COBRA shall be Employee’s last day of active
employment. Upon a termination as defined in this subsection 3(e)(ii), all of Employee’s unvested
stock options, restricted stock, restricted stock units, or other similar forms of equity
compensation, shall immediately vest or otherwise become fully available to the Employee.

f. Termination for cause means:

i. Employee’s failure to perform, in a material fashion, one or more reasonable and lawful
duties assigned to Employee by Hyperion, if such failure continues for seven (7) days or
more after Hyperion has given Employee written notice describing such failure and advising
Employee of the consequences of such failure under this Agreement, provided that such notice
shall be required only with respect to the first such failure;

ii. Employee’s material misconduct relating to Hyperion’s affairs, if such misconduct
continues for seven (7) days or more after Hyperion has given Employee written notice
describing such misconduct and advising Employee of the consequences of such misconduct
under this Agreement, provided that such notice shall be required only with respect to the
first occurrence of such misconduct, provided further there shall be no requirement that the
misconduct continue for seven (7) days or more with respect to acts for which an employee’s
employment is specifically terminable under Hyperion’s policies and procedures applicable to
all employees;

iii. Employee’s conviction of, or a plea of guilty or no contest to, a felony, or a
misdemeanor which calls into question Employee’s honesty, under the laws of any country,
including the United States, or any state thereof;

iv. any breach of this Agreement or the employee agreement, relating to confidential
information and intellectual property rights, between Employee and Hyperion;

v. threats or acts, of violence or harassment, directed at any present, former or
prospective employee, independent contractor, vendor, customer or business partner of
Hyperion; or

vi. fraud or embezzlement involving the assets of Hyperion or its affiliates, customers or
suppliers.

Termination for cause hereunder shall be deemed to be termination for misconduct under Hyperion’s
stock option plans and related agreements.

g. A change in ownership and/or control means:

i. a change in ownership or control of Hyperion effected through either of the following
actions:

1. the acquisition, directly or indirectly, by any person or related group of persons
(other than Hyperion, or a person that directly or indirectly controls, is controlled
by, or is under common control with, Hyperion), of beneficial ownership (within the
meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than fifty
percent (50%) of the total combined voting power of Hyperion’s outstanding securities
pursuant to a tender or exchange offer made directly to Hyperion’s stockholders which
the Hyperion board of directors does not recommend such stockholders to accept; or

2. a change in the composition of the board over a period of thirty-six (36)
consecutive months, or less, such that a majority of board members ceases, by reason
of one or more contested elections for board membership, to be comprised of
individuals who either have been board members continuously since the beginning of
such period, or have been elected or nominated for election as board members during
such period by at least a majority of the board members who were still in office at
the time the board approved such election or nomination; or

ii. either of the following stockholder-approved transactions to which Hyperion is a party:

1. a merger or consolidation in which securities possessing more than fifty percent
(50%) of the total combined voting power of Hyperion’s outstanding securities are
transferred to a person, or persons or entity different from the persons or entities
holding those securities immediately prior to such transaction; or

2. the sale, transfer or other disposition of all or substantially all of Hyperion’s
assets in complete liquidation or dissolution of Hyperion.

h. Good reason means:

i. a change in Employee’s position with Hyperion which materially reduces Employee’s level
of responsibility in effect immediately prior to the change of ownership and/or control;

ii. a reduction in Employee’s level of compensation (including Base Salary, benefits and
participation in corporate-performance based bonus or incentive programs) in effect
immediately prior to the change of ownership and/or control by more than fifteen percent
(15%); or

iii. a relocation of Employee’s place of employment prior to the change of ownership and/or
control by more than fifty (50) miles;

provided and only if such change, reduction or relocation is effected by Hyperion without
Employee’s consent.

4. Employee’s Covenants

a. From the Effective Date of this Agreement and continuing until the second (2nd)
anniversary of Employee’s termination, Employee shall not interfere with the business of Hyperion
by, directly or indirectly, personally or through others, soliciting or attempting to solicit, on
Employee’s own behalf or on behalf of any other person or entity, the employment of any employee of
Hyperion, or any of Hyperion’s affiliates. During this period, Employee shall not encourage or
induce, or take any action that has the effect of encouraging or inducing, any employee of
Hyperion, or any of Hyperion’s corporate affiliates, to terminate that employee’s employment.

b. For a period of one (1) year following Employee’s termination, Employee shall not hire, or
assist any other person in hiring, any person who was an employee of Hyperion on the date of
Employee’s termination, to work at Employee’s new place of employment in a position that reports
either directly to Employee, or to any other person who reports directly to Employee.

c. The parties agree that information relating to the identities, key contact personnel,
preferences, needs and circumstances of Hyperion’s customers are trade secrets belonging to
Hyperion that are, and necessarily will be, used by Employee, during Employee’s Employment, in the
solicitation of business from Hyperion’s customers. As a result, from the Effective Date of this
Agreement and continuing until the second (2nd) anniversary of Employee’s termination,
Employee shall not, directly or indirectly, personally or through others, solicit, or attempt to
solicit (on Employee’s own behalf or on behalf of any other person or entity), the business of any
customer, or prospective customer, of Hyperion, or of any of Hyperion’s affiliates, for services or
products similar to those sold by Hyperion. Prospective customer means any person or entity whom
Employee was involved in contacting or soliciting to become a customer during the six (6) month
period prior to Employee’s termination.

d. Employee has entered into an employee agreement, relating to confidential information and
intellectual property rights, with Hyperion, which is incorporated herein by reference, and
survives the termination or expiration of this Agreement. Given the nature of Employee’s Position,
the parties agree that from Employee’s termination until the third (3rd) anniversary of
such date, it would be practically impossible for Employee to work in a position similar to
Employee’s Position with Hyperion, doing similar tasks involved with Employee’s Employment with
Hyperion, for certain companies, including their subsidiaries and affiliates, that provide services
or products that are similar to those of Hyperion, without disclosing Hyperion’s trade secrets. A
list of such companies, which may be amended from time to time by written notice of Hyperion, is
attached hereto as Schedule A.

e. Commencing on Employee’s termination and continuing thereafter, Employee shall not directly or
indirectly, personally or through others, disparage Hyperion, or any of its predecessors, any of
their products or services, any of Hyperion’s current or former officers, directors or employees,
nor make or solicit any comments, statements, or the like to the media, on the internet, or to
others that may be considered derogatory or detrimental to the good name or business reputation of
any of the foregoing parties and entities.

f. Employee acknowledges and agrees that Employee’s failure to perform any of Employee’s covenants
in this section would cause irreparable injury to Hyperion, and cause damages to Hyperion that
would be difficult or impossible to ascertain or quantify. Accordingly, without limiting any other
remedies that may be available with respect to any breach of this Agreement, Employee consents to
the entry of an injunction (without bond) to restrain any breach of this section.

g. The covenants in this section shall survive any termination or expiration of this Agreement, and
the termination of Employee’s Employment with Hyperion, for any reason.

5. General

a. Hyperion may assign its rights under this Agreement to any entity that assumes Hyperion’s
obligations hereunder in connection with any sale or transfer of all or a substantial portion of
Hyperion’s assets to such entity, and such an assignment shall be binding upon any successor
(whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or
otherwise) to all or substantially all of Hyperion’s business and/or assets. This Agreement and
all rights and obligations of Employee hereunder are personal to Employee and may not be
transferred or assigned by Employee at any time. However, subject to the forgoing and where
expressly permitted under this Agreement, all rights of Employee hereunder shall inure to the
benefit of, and be enforceable by, Employee’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.

b. The validity, performance and construction of this Agreement shall be governed by the laws of
the State of California, USA (excluding its conflict of laws provisions). Santa Clara County,
California shall be the appropriate venue and jurisdiction for the resolution of disputes
hereunder.

c. All notices or communications to be given under this Agreement shall be in writing and shall be
deemed delivered upon hand delivery, upon delivery by a courier service, upon acknowledged
facsimile communication, or three (3) days after deposit in the United States mail, postage
prepaid, by certified, registered or first class mail. In the case of Employee, notices shall be
addressed to Employee at the home address provided by Employee, or which Employee most recently
communicated to Hyperion in writing, and in the case of Hyperion, notices shall be addressed to its
corporate headquarters and directed to the attention of the general counsel.

d. All payments made under this Agreement shall be subject to reduction to reflect taxes or other
charges required to be withheld by law.

e. In the event that any provision of this Agreement is prohibited by any law governing its
construction, performance or enforcement, such provision shall be ineffective to the extent of such
prohibition without invalidating thereby any of the remaining provisions of the Agreement. The
captions of sections herein are intended for convenience only, and the same shall not be
interpretive of the content of such section.

f. In the event of any dispute or claim relating to or arising out of Employee’s employment
relationship with Hyperion, this Agreement, or the termination of Employee’s employment with
Hyperion, for any reason (including, but not limited to, any claims of breach of contract, wrongful
termination or age, sex, race, national origin, disability or other discrimination or harassment),
the parties agree that all such disputes shall be fully, finally and exclusively resolved by
binding arbitration to the fullest extent permitted by law. The arbitration will be conducted in
accordance with the American Arbitration Association’s “National Rules for the Resolution of
Employment Disputes” then in effect. EMPLOYEE AND HYPERION HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO
HAVE ANY AND ALL DISPUTES OR CLAIMS ADJUDICATED IN COURT OR BEFORE ANY ADMINISTRATIVE AGENCY, OR
TRIED IN COURT OR BEFORE ANY ADMINISTRATIVE AGENCY, JUDGE OR JURY.

g. The terms and conditions of this Agreement may not be superseded, modified, or amended except in
writing which states that it is such a modification, signed by Employee and an authorized officer
of Hyperion (other than Employee). No waiver by either party of any breach of, or of compliance
with, any condition or provision of this Agreement by the other party shall be considered a waiver
of any other condition or provision or of the same condition or provision at another time.

h. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument.

i. This Agreement, including any additional terms (“Additional Terms”) specified above, Schedule A,
the employee agreement (relating to confidential information and intellectual property rights), and
the offer letter dated December 30, 2005 constitute the entire agreement between the parties as to
the subject matter hereof, and supersede and replace all prior or contemporaneous agreements,
written or oral, regarding such subject matter. In the event of any conflict between the terms of
these documents, the terms of this Agreement, unless expressly provided herein, shall have
precedence. Any conflict between any Hyperion equity incentive plan and this Agreement shall be
resolved in favor of this Agreement.

Accepted and Agreed:

Hyperion Solutions Corporation

By: /s/ Godfrey Sullivan

Signature of authorized representative

Printed name: Godfrey Sullivan

Title: President and Chief Executive Officer

Employee

/s/ Robin Washington

Printed name: Robin WashingtonEX-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.

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