Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 86

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 86
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 the related entity managing the Clarity funds. During the year ended December 31, 2024, the amounts earned by the Company for administrative services performed for Clarity were nominal. For the years ended December 31, 2023, and 2022, the Company earned $0.2 million and $0.3 million, respectively, for administrative services performed for Clarity.

The terms of the Administrative Services Agreements and our executive officers’ employment agreements permit, under certain circumstances and subject to the oversight of the Board of Directors, our executive officers to advise or oversee new or additional funds in the future.

#### Employment Agreements
On August 4, 2021, the Company, through a wholly-owned subsidiary, entered into Amendment No. 2 to the Company’s employment agreements (collectively, the “Employment Agreement Amendments”), with each of James Farrar, the Company’s CEO, Greg Tylee, the Company’s President and Chief Operating Officer and

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Anthony Maretic, the Company’s Chief Financial Officer, Secretary and Treasurer (the “Executives”). The Compensation Committee approved the Company’s entry into the Employment Agreement Amendments. The Employment Agreement Amendments clarified certain provisions pertaining to the vesting of equity awards upon the death or disability of the Company’s executive officers. Specifically, if an Executive resigns or otherwise voluntarily terminates his employment (other than for Good Reason, as defined therein), the Executive shall be entitled to receive the Accrued Obligations (as defined therein) but not any other compensation or benefits on or after the date of termination. The Employment Agreement Amendments further clarify that if the Executive dies before his employment is terminated, the Executive’s surviving spouse or estate shall be entitled to receive the Accrued Obligations. Finally, if an Executive becomes unable to perform his obligations as a result of a Disability (as defined therein) which cannot be reasonably accommodated under the British Columbia Human Rights Code, the Executive shall be entitled to receive the Accrued Obligations.

<div align='center'>**OTHER MATTERS**</div>

As of the date of this Proxy Statement, the Board of Directors does not intend to present and has not been informed that any other person intends to present any other matters for action at the Annual Meeting. However, if other matters do properly come before the Annual Meeting or any adjournment, postponement or continuation thereof, it is the intention of the persons named as proxies to vote upon them in accordance with their