Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 58

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 58
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527. |

Termination for Cause, Voluntary Termination by the NEO without Good Reason Pursuant to such NEO’s employment agreement with us, if the NEO’s employment is terminated by the Company for cause, 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, but the NEO shall not be entitled to receive any other compensation or benefits on and after the date of termination. If the NEO resigns or otherwise voluntarily terminates his employment (other than for good reason), 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 but shall not be entitled to receive any other compensation or benefits on or after the date of termination, other than as expressly set forth in the employment agreement. 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 for cause, or if the NEO resigned or was unable to perform his employment obligations as a result of a disability which cannot be reasonably accommodated or otherwise voluntarily terminates his employment (other than for good reason), as of December 31, 2024, assuming the NEOs’ 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 
 ($)           |   |     | Total Cost of 
 Termination   
 ($)           |   |
|:----------------|:----|:-------------------|:--|:----|:-------------|:--|:----|:---------------|:--|:----|:---------------|:--|:----|:--------------|:--|:----|:--------------|:--|
| James Farrar    |     | $                  | — |     | $            | — |     | $              |