Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

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Mar 01, 2017, 16:30 ET

SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- 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 a new employee who joined Salesforce in connection with its acquisition of Unity&Variety. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

The Unity&Variety team is enhancing Quip, a Salesforce company, with creative and visual elements, furthering Quip's mission of creating the next generation of productivity.

Under the Plan, Salesforce granted a total of 27,473 restricted stock units ("RSUs") to 1 employee at Unity&Variety. These RSUs will 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. The employee who received an equity award is a non-executive employee and joined Salesforce as a result of the acquisition.

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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.

SOURCE Salesforce