Salesforce’s Inducement Equity Incentive Plan provides equity awards to LevelJump employees

SAN FRANCISCO, Nov. 26, 2021 /SalesMagazine/

Salesforce (NYSE: CRM), the world’s leading CRM company, today announced that new employees who joined Salesforce as a result of the LevelJump acquisition have received equity awards under the 2014 Inducement Equity Incentive Plan (the “Plan”). The Salesforce Board of Directors approved the Plan in July 2014, in compliance with New York Stock Exchange Rule 303A.08.

LevelJump is a Salesforce-based sales enablement and readiness tool that provides modern, outcome-based enablement and coaching through the Sales Cloud interface. Salesforce’s foray into the sales enablement area was accelerated by LevelJump’s integration with Sales Cloud, which will guide and facilitate better engagement and demonstrable impact on the sales process.

Salesforce will play an even bigger role in upskilling the future workforce via LevelJump and Trailhead, which is becoming an increasingly important demand in the modern workplace.

Salesforce issued 14,444 restricted stock units (“RSUs”) to 12 LevelJump employees as part of the Plan. The RSUs vest over the course of four years, with 25% vesting on the first anniversary of the grant date and the remaining RSUs vesting quarterly in 12 equal increments thereafter, subject to continuous employment through each applicable vesting date.

Each non-executive officer who won an equity award is a member of the board of directors.

Learn more about LevelJump

Video: LevelJump Customer Success – Allocadia

Advertise

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.