Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 93

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 93
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 defined in the applicable employment agreement):

| • |     | a single cash payment equal to the sum of (x) a specified multiple of the executive officer’s annual                                                                                                                                        
 base salary on the date of termination, plus (y) the same multiple of the average annual cash bonuses paid to the executive officer for the prior two fiscal years of the Company, plus (z) the same multiple of the average amount granted 
 under the Company’s equity incentive plan to the executive officer for the prior two fiscal years of the Company, with the applicable multiple being set forth in each executive officer’s individual employment agreement;                 |

| • |     | a single cash payment equal to the product of (x) the annual bonus earned by the executive officer for the                                                                                                                                      
 fiscal year of the Company ended immediately before the date of termination and (y) a fraction, the numerator of which is the number of days the executive officer was employed by the Company during the fiscal year that includes the date of 
 termination and the denominator of which is 365;                                                                                                                                                                                                |

59

| • |     | if the executive officer is entitled to elect continuation of coverage under the Company’s group health                                                                                                                                              
 plan pursuant to applicable law (including but not limited to COBRA and/or applicable employment standards legislation), the executive officer shall be provided continued coverage at the Company’s expense under any health insurance programs     
 maintained by the Company in which the executive officer participated at the time of his termination for twelve (12) months, or until, if earlier, the date the Executive obtains group health plan coverage under a group health plan maintained by 
 a new employer. To the extent the benefits provided under the immediately preceding sentence are otherwise taxable to the Executive under the Code, such benefits, for purposes of Section 409A of the Internal Revenue Code of 1986, as amended     
 (the “Code”) (and the regulations and other guidance issued thereunder) shall be provided as separate monthly in-kind payments of those benefits, and to the extent those benefits are subject to and                                                
 not otherwise excepted from Section 409A of the Code, the provision of the in-kind benefits during one calendar year shall not affect the in-kind benefits to be                                                                                     
 provided in any other calendar year; and                                                                                                                                                                                                             |

| • |     | accelerated vesting of all of the executive officer’s unvested awards under the Company’s equity 
 incentive plan.                                                                                  |

Golden Parachute Excise Tax.The employment agreements with each of our executive officers provide that if the payments and benefits provided to