HYPERION SOLUTIONS CORPORATION
EX-10.1 2 f14884exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.01
5450 GREAT AMERICA PARKWAY SANTA CLARA, CALIFORNIA 95054
TEL ###-###-#### | WWW.HYPERION.COM | FAX ###-###-#### |
December 12, 2005
Mr. David Odell
Chief Financial Officer
Hyperion Solutions Corporation
Chief Financial Officer
Hyperion Solutions Corporation
Re: Retention Bonus
Dear David,
Thank you once again for your willingness to ensure a smooth transition as we search for your replacement. It shows a high level of commitment to Hyperion as well as its employees, customers and stockholders.
This letter confirms that, in consideration of your willingness to remain as Hyperions Chief Financial Officer until January 31, 2006:
1. | Bonus Your regular bonus for the first half of fiscal year 2006 will be paid no later than February 1, 2006, contingent as always on attainment of goals and the Companys financial performance; and |
2. | Retention Bonus If you remain an employee through January 31, 2006 and perform your usual duties (e.g., closing the books for the second fiscal quarter, completing standard filings and participating in the second fiscal quarters earnings call), you will be paid an additional bonus of $50,000 no later than February 1, 2006. |
3. | Housing and Travel In addition, Hyperion will pay transitional housing and travel costs including airfare to and from Utah through January 31, 2006. |
David, I very much appreciate your willingness to make a difference towards Hyperions success. I have thoroughly enjoyed working with you over the last several years and wish you the best as you start a new chapter in your life.
Sincerely,
/s/Godfrey Sullivan
Godfrey Sullivan for
Hyperion Solutions Corporation
Hyperion Solutions Corporation
Acknowledged by:
/s/David Odell
David Odell