Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
The Initial Grant will vest in four equal annual installments beginning on the first anniversary of Mr. Rumzis’ start date of
The Initial Grant was made as a material inducement to Mr. Rumzis becoming an employee of the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs are subject to the terms and conditions of the grant agreement covering the Initial Grant.
Benefitfocus (NASDAQ: BNFT) is a cloud-based benefits administration technology company committed to helping our customers, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative SaaS solutions, we aim to be the safest set of hands for our customers helping to simplify the complexity of benefits administration while delivering an experience that engages people and unlocks the potential for better health and improved outcomes. Our mission is simple: to improve lives with benefits.
Safe Harbor Statement
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: our ability to maintain our culture and recruit, integrate and retain qualified personnel, including on our Board of Directors; our ability to compete effectively and implement our growth strategy; our reliance on channel relationships; market developments and opportunities; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; the immature and volatile nature of the market for our products and services; privacy; security and other risks associated with our business; management of growth; volatility and uncertainty in the global economy and financial markets in light of the evolving COVID-19 pandemic and war in
Source: Benefitfocus, Inc.