Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced, Gavin Patterson will step down from his position as
President and Chief Strategy Officer of Salesforce, Inc. (the "Company") and
will depart the Company, effective January 31, 2023. On November 21, 2022, the
Company entered into a Settlement Agreement (the "Settlement Agreement") with
Mr. Patterson in connection with his departure. The Settlement Agreement
provides for a general waiver and release of claims in favor of the Company and
other customary provisions, including certain post-termination restrictions on
Mr. Patterson's competitive activities. In exchange, the Company will pay to Mr.
Patterson, pursuant to the terms of the Settlement Agreement, an aggregate of
approximately £1.6 million, primarily consisting of approximately three months
of salary; the equivalent of his target annual bonus, less amounts previously
paid; a termination payment; and insurance premiums and other benefits.
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