Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 56

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 56
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’s employment is terminated by the Company without cause or by the NEO upon a resignation with good reason, subject to the execution by the NEO of a release and waiver of claims, the NEO shall be entitled to receive, and the Company shall pay or provide the NEO:

| • |     | any annual base salary, annual cash bonus or other benefit accrued through, but unpaid as of, the date of termination; |

| • |     | a single cash payment equal to the NEO’s annual base salary as in effect on the date the NEO’s employment terminates; |

| • |     | a single cash payment of the average annual cash bonus paid to the NEO for the prior two fiscal years preceding the termination; |

| • |     | a single 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 single cash payment of the average amount granted to the NEO under the EIP for the prior two fiscal years preceding the termination; |

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

| • |     | immediate vesting of all outstanding awards granted to the NEO under the EIP. |

40

The following table sets forth the total cost that the Company would have incurred and the payments the NEOs would have received if the NEO’s employment was terminated by the Company without cause or by the NEO upon a resignation with good reason as of December 31, 2024, assuming the NEO’s employment agreements were in place as of such date:

| Name            |     | Cash Payments for: 
 Base Salary in     
 Effect on the      
 Termination        
 Date               
 ($)                |         |     | Average      
 Annual Cash  
 Bonus for    
 Prior Two    
 Fiscal Years 
 ($)          |         |     | Prorated       
 Annual Cash    
 Bonus for Days 
 Served in      
 Current Fiscal 
 Year           
 ($)            |         |     | Average Value  
 of Shares or   
 Units of Stock 
 Granted for    
 Prior Two      
 Fiscal Years   
 ($)            |           |    |     | Continued     
 Group Health  
 Plan Coverage 
 ($)           |   |     | Total Cost of 
 Termination   
 ($)           |           |
|:----------------|:----|:-------------------|--------:|:----|:-------------|--------:|:----|:---------------|--------:|:----|:---------------|----------:|---:|:----|:--------------|:--|: