Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

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Mar 24, 2017, 16:30 ET

SAN FRANCISCO, March 24, 2017 /PRNewswire/ -- Salesforce (NYSE: CRM), the world's #1 CRM company and Intelligent Customer Success Platform, 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 Sequence LLC ("Sequence"). The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Sequence helps companies lead design-driven transformation by creating connected customer experiences and building innovative digital products and services.

Under the Plan, Salesforce granted a total of 63,943 restricted stock units ("RSUs") to 29 employees at Sequence. 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 employees who received an equity award are non-executive employees and joined Salesforce as a result of the acquisition.

About Salesforce
Salesforce, the world's #1 CRM company and Intelligent Customer Success Platform, 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