Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 91

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 91
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 interests are discussed below.

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For a description regarding compensation and benefits to be provided to our employees generally following the Effective Time, see “The Merger Agreement-Employee Benefits.” For purposes of this discussion, our non-employee directors are John Sweet, Michael Mazan, John McLernon, Sabah Mirza, and Mark Murski, and our executive officers are James Farrar (Chief Executive Officer), Anthony Maretic (Chief Financial Officer, Secretary and Treasurer), and Gregory Tylee (Chief Operating Officer and President). Treatment of Company Compensatory Awards Our directors and executive officers hold RSU Awards, and our executive officers hold PSU Awards. These are contractual obligations of the Company made in the ordinary course of business that Parent covenants to treat as set forth in the Merger Agreement. These obligations and their quantification are further set forth in the section entitled “-Quantification of Potential Payments to Our Named Executive Officers in Connection with the Merger.” RSU Awards. The Merger Agreement provides that, immediately prior to the Effective Time, each RSU Award that is outstanding immediately prior to the Effective Time, whether vested or unvested, will automatically become fully vested and be cancelled and converted into the right to receive an amount in cash equal to (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of shares of Common Stock underlying such RSU Award, less (ii) any applicable withholding taxes. PSU Awards .The Merger Agreement provides that, immediately prior to the Effective Time, each PSU Award that is outstanding immediately prior to the Effective Time, whether vested or unvested, will automatically become fully vested with respect to a number of shares of Common Stock underlying such PSU Award based on the actual level of achievement of the performance- based vesting conditions applicable to such PSU Award measured through immediately prior to the Effective Time as determined by the Board or a committee thereof in accordance with the terms of such PSU Award and be cancelled and converted into the right to receive an amount in cash equal to (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of so-determinedshares of Common Stock underlying such PSU Award, less (ii) any applicable withholding taxes. Certain Potential Payments to our Executive Officers We are party to employment agreements with each of our current executive officers, which provide for the severance benefits described below in the event of certain terminations of employment or a change in control of the Company. The severance benefits payable