Salesforce Grants Equity Awards to Convergence.ai Employees Under Its Inducement Equity Incentive Plan

SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the #1 AI CRM, 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 the acquisition of Convergence.ai. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Salesforce granted restricted stock units (“RSUs”) under the Plan to Convergence.ai employees as follows:

• A total of 37,486 RSUs were granted to 20 employees. These RSUs vest over four years, with 25% vesting on the first anniversary of the grant date and the balance vesting quarterly thereafter in 12 equal installments.
• A total of 12,739 RSUs were granted to 14 employees. These RSUs vest over three years, vesting quarterly in 12 equal installments.

All equity awards are subject to the employee's continued service through each applicable vesting date. Each of the employees who received an award is a non-executive officer.

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