Salesforce.com 2004 Annual Report Download - page 120

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SCHEDULE TO EXHIBIT 10.15
Date of
Offer
Letter
Salary Options
Change in Control
Provision Bonuses Other Key Terms
Marc Benioff None Annual salary of $1. None N/A N/A N/A
Steve Cakebread
4/26/2002
Annual salary of $250,000 per
offer letter. Mr. Cakebread's
salary in fiscal 2005 was
$250,000.
1,000,000 shares; 1/4th
to vest at end of 1 year,
1/48th monthly
thereafter; 50,000 shares
vest upfront.
N/A
If salesforce.com's IPO is not
completed before 5/31/03, Mr.
Cakebread may receive a
$25,000 quarterly bonus based
on the realization of business
objectives in the discretion of
the Board.
N/A
Parker Harris
3/1/1999
Annual salary of $100,000 per
offer letter. Mr. Harris' salary in
fiscal 2005 was $250,000.
1,250,000 shares; 1/4th
to vest at end of 1 year,
1/48th monthly
thereafter. Since the
date of the offer letter,
Mr. Harris has received
options to purchase an
aggregate of 150,000
shares of common
stock.
N/A
N/A
N/A
Kenneth Juster
12/1/2004
Annual salary of $400,000;
variable compensation of
$50,000 quarterly based on
Company matrix (guaranteed
during first 12 months of
employment) per offer letter.
300,000 shares; 1/4th to
vest at end of 1 year,
1/48th monthly
thereafter.
Mr. Juster is entitled to receive
6 months acceleration of vesting
of unvested stock options
automatically from the date of
the change in control upon
termination without cause
within 12 months following a
change in control.
N/A
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.
Jim Steele
9/18/2002
Annual salary of $300,000 per
offer letter.
1,350,000 shares; 1/4th
to vest at end of 1 year,
1/48th monthly
thereafter.
N/A
N/A
If Mr. Steele terminated within 1st
year of employment, he will receive 6
months base compensation and 6
months acceleration of vesting. This
provision has expired.
Pat Sueltz
2/24/2004
Annual salary of $400,000;
variable compensation of
$50,000 quarterly based on
Company matrix (guaranteed
during first 12 months of
employment) per offer letter.
650,000 shares; 1/4th to
vest at end of 1 year,
1/48th monthly
thereafter.
Ms. Sueltz is entitled to receive
6 months acceleration of vesting
of unvested stock options
automatically from the date of
the change in control upon
termination without cause
within 6 months following a
change in control.
N/A
If Ms. Sueltz 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 12 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.