Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 93

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 93
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 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 the executive officer in connection with the Merger would be subject to an excise tax by reason of Sections 4999 and 280G of the Code, such benefits and payments will be reduced to the extent necessary to prevent any portion of the executive officer’s merger-related payments and benefits from becoming subject to such excise tax, but only if, by reason of that reduction, the net after-tax benefitreceived by the executive officer exceeds the net after-tax benefitthe executive officer would receive if no reduction was made. None of the employment agreements provide for indemnification or “gross-up”payments for golden parachute excise tax liabilities. Restrictive Covenants.Messrs. Maretic and Tylees’ employment agreements also contain customary restrictive covenants, including confidentiality, non-competition and non-solicitation provisions,that apply during the term of the executive officer’s employment with the Company and (1) for 6 months thereafter, or, if earlier, until a “Change in Corporate Control” (as defined in the applicable employment agreement). Mr. Farrar’s employment agreement, as amended, also includes similar provisions except that his non-competitionprovision applies for a period of 12 months after his employment for any reason. Value of Payments. For an estimate of the value of the severance payments and benefits described above that would become payable to each of our named executive officers upon a severance-qualifying termination, see the section entitled “-Quantification of Potential Payments to Our Named Executive Officers in Connection with the Merger” below. Indemnification of Our Directors and Officers The Merger Agreement provides that, the Surviving Entity will (and Parent will cause the Surviving Entity to) indemnify and hold harmless each individual who at the Effective Time is, or at any time prior to the Effective Time was, a director or officer of the Company (each an “Indemnified Party”), for any and all costs and expenses (including reasonable fees and expenses of legal counsel, which will be advanced as they are incurred; provided, that the Indemn