LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
LivePerson established the Inducement Plan for the purpose of providing equity-based incentive awards to new hires and has done so during active periods of hiring. As such, LivePerson made grants under the Inducement Plan on
Such grants included four grants of restricted stock units ("RSUs") in respect of an aggregate of 1,300,000 shares of LivePerson's common stock ("Common Stock"), including a grant to LivePerson's Chief Revenue Officer, in respect of 1,000,000 shares of Common Stock.
Three of the RSU grants consist of RSUs that vest 50% per year over two years, and one of the RSU grants consists of RSUs that vest 100% on the one-year anniversary of the date of grant.
All of the RSU grants are subject to the grantee's continued employment on the scheduled vesting date. Each award granted under the Inducement Plan was granted as an inducement material to the grantee's entering into employment with the Company.
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LivePerson (NASDAQ: LPSN) is the enterprise leader in digital customer conversations. The world's leading brands — including HSBC, Chipotle, and
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