Salesforce.com 2007 Annual Report Download - page 94

SCHEDULE TO EXHIBIT 10.14
Date of
Offer
Letter Salary Initial Equity Grant Bonuses Other Key Terms
Marc Benioff None Annual salary of $10. None N/A N/A
Steve Cakebread
4/26/2002 Annual salary of
$250,000 per offer
letter. Mr.
Cakebread's
annual salary at
the end of fiscal
2008 was
$400,000.
Option for 1,000,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter);
50,000 shares vest upfront.
As of the end of fiscal 2008, Mr.
Cakebread was eligible to
receive an annual discretionary
target bonus of 75% of his
annual base salary, based on
individual and Company
performance.
N/A
Parker Harris
3/1/1999 Annual salary of
$100,000 per offer
letter. Mr. Harris'
annual salary at
the end of fiscal
2008 was
$400,000.
Option for 1,250,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter).
As of the end of fiscal 2008, Mr.
Harris was eligible to receive an
annual discretionary target
bonus of 50% of his annual base
salary, based on individual and
Company performance.
N/A
Kenneth Juster
12/1/2004 Annual salary of
$400,000 per offer
letter.
Option for 300,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter).
Mr. Juster is eligible to receive
an annual discretionary target
bonus of 50% of his annual base
salary, based on individual and
Company performance. This
bonus was guaranteed during his
first 12 months of employment.
If Mr. Juster is terminated without
cause during the first 12 months of
employment with salesforce.com, he
will receive 6 months of his base salary
and the greater of (i) accelerated vesting
of 6 months of his original stock option
grant or (ii) monthly vesting through his
termination date, plus 6 months of
COBRA. salesforce.com shall
reimburse up to $100,000 of Mr.
Juster's relocation expenses.
Graham Smith
8/8/07 Annual salary of
$400,000 per offer
letter.
Option for 240,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter) and
20,000 restricted stock units
(1/4th to vest at end of 1 year,
1/16th quarterly thereafter).
Mr. Smith is eligible to receive
an annual discretionary target
bonus of 50% of his annual base
salary, based on individual and
Company performance.
If Mr. Smith is terminated without
cause during the first 12 months of
employment with salesforce.com, he
will receive the greater of (i) 12 months
of his base salary and accelerated
vesting of 12 months of his initial
equity grants or (ii) 18 months of his
base salary. If Mr. Smith is terminated
without cause after his first 12 months
of employment with salesforce.com, he
will receive 18 months of his base
salary.
Jim Steele
9/18/2002 Annual salary of
$300,000 per offer
letter.
Option for 1,350,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter).
As of the end of fiscal 2008, Mr.
Steele was eligible to receive an
annual discretionary target
bonus of 100% of his annual
base salary, based on individual
and Company performance.
If Mr. Steele terminated within the first
12 months of his employment with
salesforce.com, he will receive 6
months base compensation and 6
months acceleration of vesting.
Polly Sumner
12/21/07 Annual salary of
$300,000 per offer
letter.
Option for 240,000 shares
(1/4th to vest at end of 1 year,
1/48th monthly thereafter) and
20,000 restricted stock units
(1/4th to vest at end of 1 year,
1/16th quarterly thereafter).
Ms. Sumner is eligible to
receive an annual discretionary
target bonus of 100% of her
annual base salary, based on
individual and Company
performance.
If Ms. Sumner is terminated without
cause during the first 12 months of
employment with salesforce.com, she
will receive 6 months of her base salary
and the greater of (i) accelerated vesting
of 6 months of her original stock option
grant or (ii) monthly vesting through
her termination date, plus 6 months of
COBRA.
This schedule sets forth the material terms of the offer letters with certain executive officers of salesforce.com, inc. The form is filed herewith.