SAN FRANCISCO, April 24, 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 Toopher Inc. The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
Toopher is the leader in contextual multifactor authentication. Toopher's strong, fast, invisible two-factor authentication delivers an entirely new level of protection with a world-class user experience. Salesforce completed its acquisition of Toopher in April 2015.
Under the Plan, Salesforce granted a total of 37,408 restricted stock units ("RSUs") to 7 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.
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