Salesforce.com 2009 Annual Report Download - page 100

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SCHEDULE TO EXHIBIT 10.12
Date of
Offer
Letter Current Annual Salary Current Annual Bonus Other Key Terms
Marc Benioff
None
Current annual salary of
$750,000.
Mr. Benioff is eligible to receive an
annual discretionary bonus of 100% of
his annual base salary, based on
individual and Company performance.
N/A
Graham Smith
8/8/07
Current annual salary of
$480,000.
Mr. Smith is eligible to receive an annual
discretionary target bonus of 75% 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
Current annual salary of
$367,500.
Mr. Steele is 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
Current annual salary of
$367,500.
Ms. Sumner is eligible to receive an
annual discretionary target bonus of 75%
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 and compensation packages with certain executive officers of salesforce.com, inc. The form is
filed herewith.