Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 71

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 71
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 specified period (three months  
 in the case of Messrs. Busch and Kiernan and nine months in the case of Mr. Leon)         
 after the occurrence of a “change-in-control”, a material duplication (that did           
 not exist prior to the “change-in-control”) with other executives of the Company          
 (or its subsidiaries) of the executive’s title, authorities, duties or responsibilities,  
 (iii) a material breach by the Company of the Employment Agreement, (iv) a 50-mile        
 relocation of an executive’s principal place of business from the Company’s headquarters  
 in Bethesda, Maryland or (v) a change to whom the executive reports.                      |

| (2) | “Cause”                                                                                          
 means, in summary, the executive’s (i) material breach of the Employment Agreement               
 or any other written agreement between the Company (or its subsidiaries) and the executive,      
 (ii) material breach of any workplace law or the Company (or its subsidiaries) written           
 policies and codes of conduct, (iii) commission of an act of fraud, theft, dishonesty,           
 embezzlement or breach of fiduciary duty related to the Company (or its subsidiaries) or         
 the performance of his duties under the Employment Agreement, (iv) commission of an              
 act of gross negligence or willful misconduct related to the Company (or its subsidiaries)       
 or the performance of his duties under the Employment Agreement, which results in material       
 and demonstrable damage to the Company (or its subsidiaries), (v) conviction of, or              
 plea of guilty or nolo contendere to, a felony (or state law equivalent) or any crime of         
 involving moral turpitude or the indictment of executive of any felony (or state law equivalent) 
 of any crime involving moral turpitude, which is not discharged or otherwise resolved within     
 18 months, (vi) willful failure or refusal, other than due to disability, to perform             
 his obligations under the Employment Agreement or to follow any lawful directive from the        
 Board or (vii) violation of certain of the restrictive covenants contained in the Employment     
 Agreement.                                                                                       |

| (3) | “Change-in-Control”                                                                           
 means, in summary, the occurrence of (i) the sale, transfer, conveyance or other disposition, 
 in one or a series of related transactions, of all or substantially all of the Company’s      
 properties or assets, (ii) a change in the majority of the Board, (