Rackspace Reports New Employment Inducement Equity Grants
The units were granted in accordance with NYSE Listing Rule 303A.08 under the Rackspace Inducement Equity Incentive Plan (the "Inducement Plan") as a material inducement to employees entering into employment with the company. The units are subject to the terms and conditions of the Inducement Plan and applicable restricted stock unit agreement, which may include vesting requirements.
Rackspace (NYSE: RAX), the #1 managed cloud company, helps businesses tap the power of cloud computing without the complexity and cost of managing it on their own. Rackspace engineers deliver specialized expertise, easy-to-use tools, and Fanatical Support® for leading technologies developed by AWS,