Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 62

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 62
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 of a release and waiver of claims, the NEO shall be entitled to receive:

| • |     | a cash payment of two times the NEO’s annual base salary in effect at the time of the change in control; |

| • |     | a cash payment of two times the average annual cash bonus paid to the NEO for the prior two fiscal years preceding the change in control; |

| • |     | a cash payment equal to the NEO’s annual bonus for the prior fiscal year prorated for the days served in the current fiscal year; |

| • |     | a cash payment of two times the average amount granted to the NEO under the EIP for the prior two fiscal years preceding the change in control; and |

| • |     | continued coverage under the Company’s group health plan for twelve months. |

The following table sets forth the total cost that the Company would have incurred and the payments the NEOs would have received if a change in control had occurred as of December 31, 2024, assuming the NEOs’ employment agreements were in place as of such date:

| Name            |     | Cash Payments for: 
 Two Times          
 the Base           
 Salary in          
 Effect on the      
 Change of          
 Control Date       
 ($)                |           |     | Two Times the 
 Average       
 Annual Cash   
 Bonus for     
 Prior Two     
 Fiscal Years  
 ($)           |           |     | Prorated       
 Annual Cash    
 Bonus for Days 
 Served in      
 Current Fiscal 
 Year           
 ($)            |         |     | Two Times the  
 Average Value  
 of Shares or   
 Units of Stock 
 Granted for    
 Prior Two      
 Fiscal Years   
 ($)            |           |    |     | Continued     
 Group Health  
 Plan Coverage 
 ($)           |   |     | Total Cost of 
 Termination   
 ($)           |           |
|:----------------|:----|:-------------------|----------:|:----|:--------------|----------:|:----|:---------------|--------:|:----|:---------------|----------:|---:|:----|:--------------|:--|:----|:--------------|----------:|
| James Farrar    |     | $                  | 1,050,000 |     | $             | 1,026,250 |     | $              | 551,250 |     | $              | 2,258,308 | -1 |     | $             | — |     | $             | 4,885,808 |
| Gregory Tylee