Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

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Jun 26, 2015, 04:15 ET

SAN FRANCISCO, June 26, 2015 /PRNewswire/ -- Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today reported that it granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with its acquisition of Tempo AI, Inc. ("Tempo"). The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Tempo is the creator of a smart calendar that uses artificial intelligence to enable the next generation of mobile productivity. Salesforce completed its acquisition of Tempo in May 2015.

Under the Plan, Salesforce granted a total of 46,249 restricted stock units ("RSUs") to 13 employees. These RSUs vest over 4 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 as a result of the acquisition.

About Salesforce
Salesforce, the Customer Success Platform and world's #1 CRM company, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: http://www.salesforce.com.

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SOURCE Salesforce