Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan
Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with its acquisition of YOUR SL GmbH (“YOUR SL”). The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
YOUR SL is an award-winning European consulting and implementation firm that has helped leading companies such as Coca-Cola Germany and Zalando transform their businesses through the power of cloud, social and mobile.
Under the Plan, Salesforce granted a total of 80,319 restricted stock units ("RSUs") to 25 employees at YOUR SL.
These RSUs vest over four years with 25 percent of the RSUs vesting on the first anniversary of the grant date and the balance vesting quarterly thereafter in 12 equal installments, subject to continued service through each applicable vesting date. Each of the employees who received an equity award is a non-executive employee and joined Salesforce as a result of the acquisition.
Salesforce, the Customer Success Platform and world's #1 CRM, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
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