Document:

Exhibit 10.3

 

THIS GENERAL RELEASE AND SEPARATION
AGREEMENT (“Agreement”) is made this 11th day of June, 2015 (the “Effective Date”) by and between J.
Eric Cooney (“You” or “Your”) and Internap Corporation (“Internap”), and arises out of the
termination of Your employment.

WHEREAS, Internap and You have
determined that it is in the best interests of both parties to end Your employment as set forth herein;

WHEREAS, You and Internap agree
that the termination of Your employment constitutes a “separation from service” with Internap within the meaning of
Treas. Reg. §1.409A-1(h); and

WHEREAS, You and Internap agree
that Your employment with Internap is terminated effective as of May 8, 2015 (“Termination Date”);

NOW, THEREFORE, for and in consideration
of the foregoing, the mutual promises and covenants set forth herein, and for other good and valuable consideration, the sufficiency
and receipt of which are hereby acknowledged, You and Internap, intending to be legally bound, agree as follows:

1.             The
foregoing recitals are hereby made a part of this Agreement and are incorporated herein by reference.

              2.             (a)
      Your employment with Internap will be terminated effective on the Termination Date.

 (b)        You acknowledge and agree that
with payment of normal payroll through the Termination Date, You will have received all compensation (whether as deferred
compensation, commissions, bonuses or otherwise), employment benefits (including, but not limited to, health insurance,
dental insurance, life insurance, disability insurance and 401(k) contributions), paid time off, other paid leave and any
other alleged obligations that You may be entitled to relating to Your employment with Internap through the Termination Date.
In addition, Internap has reimbursed You for all business expenses You have incurred prior to the Termination Date, and You
agree that Internap owes You no additional amounts related to reimbursable business expenses. You further acknowledge and
agree that all benefits listed above cease on Your Termination Date except as otherwise permitted in this Agreement.

 (c)         As
consideration for the promises made by You in this Agreement, Internap agrees to pay to You the sum of Six Hundred Twenty Thousand
Dollars ($620,000.00). The parties agree that this payment will be made to You in twelve (12) equal monthly installments of Fifty
One Thousand Six Hundred Sixty Six Dollars and Sixty Seven Cents ($51,666.67) less all lawful withholdings, beginning on the first
ordinary payroll date that follows the date the Agreement is fully executed and becomes irrevocable.

 (d)        You understand and agree that the payments and covenants by Internap referenced in Section 2(c) are in consideration
for Your promises in this Agreement and that You otherwise are not entitled to this or any other payment for any reason on account
of Your separation from employment with Internap.

    	 

    	 

    

 

(e)        The
terms of the 401(k) Plan will govern Your account balance, if any, under such 401(k) Plan.

(f)        You agree that
all unvested stock options and restricted stock previously granted to You by Internap shall expire on the Termination Date.
Notwithstanding anything to the contrary in the 2005 Incentive Stock Plan and accompanying option agreements, You shall have
twelve (12) months from the Termination Date to exercise any vested options. For ninety (90) days following the Termination
Date, You shall not sell, pledge or otherwise transfer any Internap-granted equity, including, but not limited to, any
restricted stock or stock received upon exercise of stock options; provided, however that if, as determined by Internap
acting reasonably, You have a financial necessity to sell, pledge or otherwise transfer any Internap shares You acquired
through the exercise of Internap-granted options, upon Your written notification to Internap, Internap shall waive this
requirement.

(g)     
You shall, at the same time You execute this Agreement, execute the resignation letter attached to this Agreement as Schedule
A, by which You resign Your position on Internap’s Board of Directors and any officer or director positions You hold
with Internap or any subsidiary of Internap. You acknowledge and agree that Your resignation from the Board of Directors is
not the result of a disagreement with Internap relating to Internap’s operations, policies or practices. You shall also
execute any other documents necessary to effectuate the intent of this provision.

3.                 
       You acknowledge Internap is relying on Your compliance with the
terms of the post-termination obligations in the Employment Security Plan, dated November 14, 2007 (the “ESP”)
and agreed to by You in the Joinder Agreement signed by You on January 28, 2009. The post-termination obligations in the ESP,
including but not limited to Article II of the ESP, are incorporated by reference herein.

4.             (a)
      In consideration of the foregoing payments and covenants, You, for Yourself and for Your
heirs, legal representatives and assigns, hereby unconditionally and absolutely release, remise, acquit and forever discharge
Internap and its heirs, executors, administrators, legal and personal representatives; former and/or current owners,
partners, officers, directors, employees, residents, stockholders, managers, agents, attorneys, predecessors, successors,
assigns, trustees, purchasers, principals and privies; past, present and future parent, subsidiary and affiliated companies
(both direct and indirect), divisions, related trade names and affiliated entities of any kind; insurers; and any person or
entity who may be jointly liable with Internap or any of the aforesaid persons or entities, including their employee benefit
plans and programs and their administrators and fiduciaries (hereinafter referred to as the “Internap Releasees”)
from any and all claims, charges, suits, personal remedies, debts, dues, demands, grievances, sums of money, rights, damages,
liabilities, proceedings, actions and causes of action of any kind, nature or character (whether known or unknown, whether
suspected or unsuspected and whether at law, in equity or otherwise), which relate to and/or arise out of any fact or event
whatsoever from the beginning of time to and including the Effective Date of this Agreement. The foregoing release includes,
but is not limited to, those rights and personal remedies arising under: (a) Title VII of the Civil Rights Act of 1964, as
amended; (b) the Civil Rights Act of 1991; (c) 42 U.S.C. § 1981; (d) the Age Discrimination in Employment Act;(e) the
Family and Medical Leave Act;; (f) the Americans with Disabilities Act
of 1990, as amended; (g) the Rehabilitation Act of 1973, as amended; (h) the Equal Pay Act (i) any federal, state or local handicap,
disability or discrimination related act, regulation, ordinance, statute or executive order; and (j) any ordinance or statute promulgated
by any city, county, municipality or other state subdivision.

    	 

    	 

    

 Furthermore, this release also includes, but is not limited to, the
following: (1) claims for retaliatory or wrongful discharge of any kind; (2) claims for unpaid or withheld wages, severance pay,
benefits, bonuses, commissions, and/or other compensation or benefits of any kind; (3) claims for intentional or negligent infliction
of emotional or mental distress or for outrageous conduct; (4) claims for breach of duty, libel, slander or tortious conduct
of any kind; (5) claims for interference with business relationships, contractual relationships or employment relationships of
any kind; (6) claims for breach of an implied covenant of good faith and fair dealing; (7) claims for interference with and/or
breach of contract (whether express or implied, in fact or in law, oral or written); (8) claims for attorneys’ fees, costs
or expenses; (9) claims for personal remedies from alleged discrimination of any kind; (10) claims based upon the creation, maintenance
or subjection to a hostile or offensive work environment; (11) claims for constructive discharge; (12) claims for personal remedies
from claims of retaliation; (13) any and all claims which You ever had or have arising as a result of or connected in any way with
Your employment with and/or Your subsequent separation from employment with Internap; and/or (14) any and all claims arising out
of (A) the ESP; provided, however, that Section 1.2 of the ESP shall remain in effect in the event that a Change of Control (as
defined in the ESP) is determined to have transpired within six months of the Termination Date, (B) the Joinder Agreement between
You and Internap, dated January 28, 2009, and/or (C) the Offer Letter sent to You by Internap on January 16, 2009.

If any claim is not subject to release, to the
extent permitted by law, You waive any right or ability to be a class or collective action representative or to otherwise participate
in any putative or certified class, collective or multi-party action or proceeding based on
such a claim in which Internap or any other Internap Releasee identified in this Agreement is a party.

 

(b)      You agree never
to seek or file a lawsuit, claim or cause of action seeking damages, reinstatement, attorney fees or other personal relief against
Internap and/or the Internap Releasees based on the claims being released under this Agreement. Notwithstanding this waiver of
remedies, above, nothing in this Agreement shall be construed to prohibit You from (1) filing a charge with the Equal Employment
Opportunity Commission or any other federal, state or local governmental agency or (2) participating in any investigation or proceeding
conducted by the Equal Employment Opportunity Commission, or any other federal, state or local governmental agency or (3) filing
any charge or claim, including Worker’s Compensation claims, not waiveable by law. To the extent permitted by law, You agree
that if such an administrative claim is made, You shall not be entitled to recover any individual monetary relief or other individual
remedies.

(c)      You
affirm that You have not filed, caused to be filed, or presently are a party to any claim against any Internap Releasee. You also
affirm that You have been granted any leave to which You were entitled under the Family and Medical Leave Act and/or related state
or local leave or disability accommodation laws. You further affirm that You have no known workplace injuries or occupational
diseases. You also affirm that You have not divulged any proprietary or confidential information of Internap and will continue
to maintain the confidentiality of such information consistent with Internap’s policies and Your agreement(s) with Internap
and/or common law. You further affirm that You have not been retaliated against for reporting any allegations of wrongdoing by
any Internap Releasees, including but not limited to Internap and its officers, including any allegations of corporate fraud.
You affirm that all of Internap’s decisions regarding Your pay and benefits through the date of Your separation of employment
were not discriminatory based on age, disability, race, color, sex, religion, national origin or any other classification protected
by law.

    	 

    	 

      

5.             You knowingly relinquish, waive and forever release any and all claims
or personal remedies arising under the Age Discrimination in Employment Act, 29 U.S.C.§ 621, et seq., related
in any manner to Your employment with Internap or Your separation from such employment. In making this release:

(a)         You
acknowledge that You have FORTY-FIVE (45) days to review this Agreement prior to signing it. To the extent that You have decided
to execute this Agreement prior to the expiration of the FORTY-FIVE (45) day period, You acknowledge that You have voluntarily
executed thIS AGREEMENT AND HAVE DECIDED NOT TO WAIT THE FULL FORTY-FIVE (45) DAY CONSIDERATION PERIOD. 

(b)         You
understand that You have a period of seven (7) days after signing this Agreement to revoke it and not receive the monetary payments
provided to You under the terms of this Agreement.

(c)         You
further understand that this SECTION 5, pertaining specifically to claims or rights arising under the Age Discrimination in Employment
Act, does not cover any rights, claims or remedies, if any, that may arise after the date on which this Agreement is executed,
and does not affect Your right to challenge the validity of this release under the law.

(d)         You
AGREE THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT, DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL
UP TO FORTY-FIVE (45) CALENDAR DAYS CONSIDERATION PERIOD. 

6.            (a)
       You understand and agree that the payments and benefits provided to You pursuant to this
Agreement are also conditioned upon Your compliance with the following cooperation arrangement. As may be required by Internap,
You agree to fully cooperate with reasonable requests by Internap regarding any and all matters on which You worked during Your
employment with Internap, or about which You have or had knowledge in connection with Your employment with Internap, or associated
with any investigations, claims or litigation involving Internap about which You have knowledge or the ability to assist Internap
in its defense of such investigations, claims or litigation. Your cooperation in
such matters will include making Yourself available by e-mail, telephone and/or in person, and at mutually agreed upon dates and
times to confer or answer questions by Internap or its representatives regarding the matters described above, or the subject of
any investigations, claims or litigation, including voluntarily participating in depositions, providing affidavits and testimony
if necessary and assisting Internap in responding to data or discovery requests. You agree that any participation in the above-referenced
matters will be truthful and factual. You will be compensated for Your time associated with Your participation in these matters
at a reasonable rate to be agreed to by You and Internap prior to Your participation. Internap will reimburse You for all pre-approved
reasonable out of pocket expenses incurred in providing such cooperation.

    	 

    	 

    

(b)  You agree that, except as may be
required by law or compelled through valid legal process, You will refrain from soliciting, cooperating with or assisting in
any manner, directly or indirectly (including through counsel), any other person or entity in the pursuit of any claims,
rights and/or demands whatsoever which any such person or entity may now or hereafter have against Internap and/or any
companies affiliated with Internap and/or their respective officers, directors and employees in their capacity as such.

 

7.              This
Agreement shall not in any way be construed as an acknowledgement or admission by Internap that it has acted wrongfully with respect
to You or to any other person or that You have any rights whatsoever against Internap. Internap specifically disclaims any liability
to or wrongful acts against You or any other person.

8.              From and after the Effective Date of this Agreement, You will not provide any disparaging information about Internap
or any Internap Releasee to any person or entity who is not a party to this Agreement nor will You encourage, request or direct
other persons to do so, except to the extent required by: (a) a court order; (b) a lawfully issued subpoena, provided that You,
to the extent possible, provide Internap with written notice of the existence of such subpoena at least five (5) calendar days
prior to such disclosure and agree not to contest any motion for protective order or motion to quash filed by Internap; or (c)
otherwise by applicable law. Internap will instruct its current Board of Directors not to provide any disparaging information about
You, except to the extent required by: (a) a court order; (b) a lawfully issued subpoena, provided that Internap, to the extent
possible, provides You with written notice of the existence of such subpoena at least five (5) calendar days prior to such disclosure
and agrees not to contest any motion for protective order or motion to quash filed by You; or (c) otherwise by applicable law.

9.              You
will return to Internap, not later than the Termination Date, any property of Internap, including, but not limited to, computers,
software, data, keys, identification cards, access cards, credit cards, telephone cards, parking permits, cellular telephones,
pagers, business cards, manuals and/or business documents of Internap. At Internap’s request, You will confirm in writing
the deletion of any Internap information, data and materials from any computer or storage devices owned by You or under Your control.
You further agree that, should You discover that You do possess or otherwise have custody or control of any property of Internap,
You will return, via hand-delivery or overnight delivery, such property to: Tashia L. Rivard, Internap Corporation, One Ravinia
Drive, Suite 1300, Atlanta, GA 30346, within ten (10) days of the discovery of the existence of such property of Internap.

    	 

    	 

    

10.             
Any other benefits not mentioned in this Agreement that You may be entitled to, shall be provided to You in accordance
with the underlying plan or document governing such benefits and/or applicable law. You are eligible to elect continuation of health
insurance benefits at Your own cost pursuant to COBRA and the ESP.

11.          (a)    You acknowledge and agree that, before signing this Agreement, You were
advised and are hereby advised in writing by Internap to review it and consult with an attorney of Your choosing and that, to the
extent You desired You have availed YOURSELF of these opportunities.

(b)  You represent and agree that You
have carefully read and fully understand all of the provisions of this Agreement. You understand the final and binding nature of
the release and waiver of Your rights specified herein, and You knowingly and voluntarily enter into this Agreement with the intent
to be bound by it, and without any coercion or duress from any person or source whatsoever.

12.           Except
as expressly set forth in this section, this Agreement represents and contains the entire agreement and understanding between
the parties with respect to the terms and conditions of this Agreement, and supersedes any and all prior and contemporaneous written
and oral agreements, understandings, representations, inducements, promises, warranties and conditions between the parties with
respect to the terms and conditions of this Agreement. Specifically, except (a) the ESP provision relating to payments to You
resulting from a Change of Control (as defined in the ESP) transpiring within six months of the Termination Date; (b) the Indemnity
Agreement entered into between You and Internap; and (c) any of Your post-termination obligations contained in the ESP, which
are incorporated by reference, all of which shall remain in full force and effect, and shall survive cessation of Your employment,
no other agreement, understanding, representation, inducement, promise, warranty or condition of any kind with respect to the
terms and conditions of this Agreement shall be relied upon by the parties unless expressly incorporated herein.

13.           This
Agreement may not be amended or modified except by an agreement in writing signed by all of the parties hereto.

14.           Any
failure of any party on one or more occasions to enforce or require the strict keeping and performance of any of the terms and
conditions of this Agreement shall not constitute a waiver of such terms and conditions of this Agreement, shall not constitute
a waiver of such term or condition at any future time, and shall not prevent any party from insisting on the strict keeping and
performance of such terms and conditions at a later time.

15.           The provisions of this Agreement are severable. If any provision of this Agreement is determined to be unenforceable,
in whole or in part, then such provision shall be modified so as to be enforceable to the maximum extent permitted by law. If such
provision cannot be modified to be enforceable, the provision shall be severed from this Agreement to the extent unenforceable.
The remaining provisions and any partially enforceable provisions shall remain in full force and effect.

    	 

    	 

    

16.           Each
party to this Agreement agrees and acknowledges that no presumption, inference or conclusion of any kind shall be made or drawn
against the drafter or draft(s) of this Agreement. Each party to this Agreement also agrees and acknowledges that he/it has contributed
to the final version of this Agreement through comments and negotiations.

17.           This
Agreement shall be binding upon and shall inure to the benefit of the parties and each of their respective heirs, personal and
legal representatives, purchasers, executors, administrators, successors and assigns. You may not assign any rights or obligations
hereunder without Internap’s prior written consent.

18.           It is understood and agreed that the parties to this Agreement do hereby declare, represent, acknowledge and warrant
that:

(a)        IN
EXECUTING THIS AGREEMENT, THE PARTIES HERETO RELY UPON THEIR OWN JUDGMENT, BELIEF AND KNOWLEDGE AS TO THE NATURE, EXTENT AND EFFECT
OF THE POTENTIAL LIABILITY OF THE PARTIES AND OF THE LIABILITIES, WHETHER POTENTIAL OR OTHERWISE, WHICH ARE BEING RELEASED BY
THIS AGREEMENT AND THE PARTIES FURTHER ACKNOWLEDGE AND AGREE THAT THEY ARE ENTERING INTO THIS AGREEMENT AND SIGNING THE SAME VOLUNTARILY
AND KNOWINGLY AND WITHOUT ANY DURESS, COERCION, INTIMIDATION OR FORCE; and

(b)        The
terms of this Agreement are contractual and not mere recitals; and

(c)        This Agreement is deemed to have been entered into in the State of Georgia and shall be construed and interpreted
at all times and in all respects in accordance with the laws of the State of Georgia without regard to the principles of conflicts
of laws, and jurisdiction and venue for any action relating in any manner to this Agreement shall be in a court of competent jurisdiction
in the State of Georgia.

(d)        In
any dispute regarding the terms of this Agreement, the prevailing party shall be entitled to recover its attorneys’ fees
and costs, regardless of which party initiated the dispute.

19.           This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, and all of which shall
be deemed as being the same instrument.

20.           The
persons executing this Agreement do hereby declare, represent, acknowledge, warrant and agree that such person is duly and fully
authorized to execute this Agreement so as to legally bind You and Internap.

21.          You understand that, if
You sign this Agreement, You may change Your mind and revoke Your acceptance within seven (7) days after signing it by giving
notice in writing to Internap at the following address: 

    	 

    	 

    

Internap Corporation

Attention: Senior Vice President, Legal Services

One Ravinia Drive, Suite 1300

Atlanta, Georgia 30346

 

22.             
You understand that this Agreement will not be effective or enforceable until the seven (7) day revocation period
has expired, but will become effective and enforceable as soon as the revocation period ends.

IN WITNESS WHEREOF, the parties
have executed this General Release and Separation Agreement as of the date indicated below:

	
        /s/                                                                

        WITNESS
	
        /s/ J. Eric Cooney                          

        J. Eric Cooney

        Date:June 11,
        2015

	
        /s/                                                                

        WITNESS
	
        INTERNAP CORPORATION

        /s/ Tashia L. Rivard                      

        By: Tashia L. Rivard

        Title: SVP, Legal Services

        Date:June 11,
        2015EX 10.1 6.30.15

Exhibit 10.1

                
 Compensation for Outside Members of the Board of Directors

	
		
	Compensation Element
	Description

	Initial Term
	Directors will serve an initial three-year term.

	Cash Compensation (1)
	Directors will receive annual cash compensation of $60,000, inclusive of Board and committee meeting attendance fees. The Audit Committee and Compensation Committee Chair roles will receive an additional retainer of $10,000 for Audit and $6,000 for Compensation.

	Equity Grant (1)
	Directors will receive an annual equity grant with a value of $90,000.  The equity grant will time vest annually over three years (i.e. 1/3, 1/3, 1/3).

	Investment
	Directors will hold a minimum of $250,000 in Rexnord stock within five years of appointment (including vested options).

	Expenses
	Rexnord will reimburse Directors for all reasonable out-of-pocket expenses related to their duties as a Director.

	D&O Insurance
	Rexnord will maintain D&O insurance of at least $50 million annually.

	Indemnification
	Rexnord will indemnify Directors to the fullest extent allowed by law.

    

(1) The cash compensation and equity grant will be prorated for partial year service (e.g., directors who join mid-fiscal year).  Cash compensation is paid quarterly in arrears.  

As of May 2015

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