Salesforce Grants Equity Awards to ClickSoftware Employees Under Its Inducement Equity Incentive Plan
Salesforce, the global leader in CRM, announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the “Plan”) to new employees who joined Salesforce in connection with the acquisition of ClickSoftware. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
ClickSoftware will enhance Salesforce Service Cloud’s leadership as the #1 service platform, empowering every service employee from the contact center to the field to deliver more connected, intelligent customer service.
Through the Plan, ClickSoftware employees will receive various equity awards as provided below. Each of the employees who received an equity award is a non-executive officer.
Under the Plan, Salesforce granted a total of 103,847 restricted stock units (“RSUs”) to 208 employees. The 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.