Document:

Change in Control Severance Agreement - Jarrett Appleby

 Exhibit 10.36 
 CHANGE IN CONTROL SEVERANCE AGREEMENT 
 THIS AGREEMENT is entered into as of December 11, 2008
(the “Effective Date”) by and between Jarrett Appleby (the “Executive”) and EQUINIX, INC., a Delaware corporation (the “Company”). 
 1. Term of Agreement. 
 Except to the extent renewed as set forth in this Section 1, this
Agreement shall terminate the earlier of December 31, 2011 (the “Expiration Date”) or the date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as described in
Section 4(d); however, if a definitive agreement relating to a Change in Control has been signed by the Company on or before December 31, 2011, then this Agreement shall remain in effect through the earlier of: 
 (a) The date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as described in
Section 4(d) or 
 (b) The date the Company has met all of its obligations under this Agreement following a termination of the
Executive’s employment with the Company for a reason described in Section 4(d). 
 This Agreement shall renew automatically and continue in effect
for three year periods measured from the initial Expiration Date, unless the Company provides Executive notice of non-renewal at least six months prior to the date on which this Agreement would otherwise expire. 
 2. Severance Payment. 
 (a)
Severance Benefit. If the Executive is subject to a Qualifying Termination, then the Company shall pay the Executive 100% of his or her annual base salary and target bonus (at the annual rate in effect immediately prior to the actions that
resulted in the Qualifying Termination). Such severance benefit shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-sum which will be made within ten
(10) business days of the latest of the following dates: 
  

	 	(i)	the date of Executive’s Qualifying Termination; 

  

	 	(ii)	the date of the Company’s receipt of the Executive’s executed General Release; and 

  

	 	(iii)	the expiration of any rescission period applicable to the Executive’s executed General Release. 

 (b) Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the
Executive elects to continue his or her health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s
monthly premium under COBRA until the earliest of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA. 
 (c) General Release. Any other provision of this Agreement notwithstanding, Subsections (a) and (b) above shall not apply unless the
Executive (i) has executed a general release (in a form prescribed by the Company) of all known and unknown claims that he or she may then have against the Company or persons affiliated with the Company and (ii) has agreed not to prosecute
any legal action or other proceeding based upon any of such claims. The release must be in the form prescribed by the Company, without alterations. The Company will deliver the form to the Executive within 30 days after the Executive’s
Separation. The Executive must execute and return the release within 21 days from receipt of the form. 
 (d) Section 409A. For
purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if the Company determines that Executive is a “specified employee” under Section 409A(a)(2)(B)(i) of the Code at the time of a
Separation, then (i) the severance benefits under Section 2(a), to the extent that they are subject to Section 409A of the Code, will commence during the seventh month after the Executive’s Separation and (ii) any amounts
that otherwise would have been paid during the first six months after a Separation will be paid in a lump sum on the earliest practicable date permitted by Section 409A(a)(2) of the Code. 
 3. Covenants. 
 (a)
Non-Solicitation. During the Executive’s employment with the Company and during the twelve-month period following his or her cessation of employment, the Executive shall not directly or indirectly, personally or through others, solicit
or attempt to solicit the employment of any employee or consultant of the Company or any of the Company’s affiliates, whether on the Executive’s own behalf or on behalf of any other person or entity. The Executive and the Company agree
that this provision is reasonably enforced as to any geographic area in which the Company conducts its business. 
 (b)
Non-Competition. The Executive agrees that, during his or her employment with the Company, he or she shall not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict
of interest with the Company. 
 (c) Cooperation and Non-Disparagement. The Executive agrees that, during the twelve-month period
following his or her cessation of employment, he or she shall cooperate with the Company in every reasonable respect and shall use his or her best efforts to assist the Company with the transition of Executive’s duties to his or her successor.
The Executive further agrees that, during this twelve-month period, he or she shall not in any way or by any means disparage the Company, the members of the Company’s Board of Directors or the Company’s officers and employees. 

 4. Definitions. 
 (a) Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean the Executive’s unauthorized use or disclosure of trade secrets which causes material harm to the
Company, the Executive’s conviction of, or a plea of “guilty” or “no contest” to, a felony, or the Executive’s gross misconduct. 
 (b) Definition of “Change in Control.” For all purposes under this Agreement, “Change in Control” shall have the meaning ascribed to such term in Section 19.4 of the Company’s 2000
Equity Incentive Plan. 
 (c) Definition of “Good Reason.” For all purposes under this Agreement, “Good
Reason” shall mean (i) a material diminution in the Executive’s authority, duties or responsibilities, provided, however, if by virtue of the Company being acquired and made a division or business unit of a larger entity
following a Change in Control, Executive retains substantially similar authority, duties or responsibilities for such division or business unit of the acquiring corporation but not for the entire acquiring corporation, such reduction in
authority, duties or responsibilities shall not constitute Good Reason for purposes of this sub clause (c)(i); (ii) a 10% or greater reduction in his or her level of compensation, which will be determined based on an average of the
Executive’s annual Total Direct Compensation for the prior three calendar years or, if less, the number of years the Executive has been employed by the Company (referred to below as the “look-back years”); or (iii) a relocation
of Executive’s place of employment by more than 30 miles, provided and only if such change, reduction or relocation is effected by the Company without Executive’s consent. For purposes of the foregoing, Total Direct Compensation means
total target cash compensation (annual base salary plus target annual cash incentives) plus the grant value of equity awards, determined at the time of grant, based on the total stock compensation (FAS 123R) expense associated with that award;
provided, however, that if the Executive commenced employment with the Company during the look-back years, only one-third of the grant value of the equity grant attributable to commencement of employment shall be counted. For the Executive to
receive the benefits under this Agreement as a result of a voluntary resignation under this subsection (c), all of the following requirements must be satisfied: (1) the Executive must provide notice to the Company of his or her intent to assert
Good Reason within 120 days of the initial existence of one or more of the conditions set forth in subclauses (i) through (iii); (2) the Company will have 30 days from the date of such notice to remedy the condition and, if it does so, the
Executive may withdraw his or her resignation or may resign with no benefits; and (3) any termination of employment under this provision must occur within 18 months of the initial existence of one or more of the conditions set forth in
subclauses (i) through (iii). Should the Company remedy the condition as set forth above and then one or more of the conditions arises again within twelve (12) months following the occurrence of a Change in Control, the Executive may
assert Good Reason again subject to all of the conditions set forth herein. 

 (d) Definition of “Qualifying Termination.” For all purposes under this Agreement,
“Qualifying Termination” shall mean a Separation resulting from (i) the Company terminates the Executive’s employment for any reason other than Cause within twelve (12) months after a Change in Control or (ii) the
Executive voluntarily resigns his or her employment for Good Reason between the date that is four (4) months following a Change in Control and the date that is twelve (12) months following a Change in Control, provided however, that
the grounds for Good Reason may arise at anytime within the twelve (12) months following the Change in Control. 
 (e) Definition of
Separation. For all purposes under this Agreement, “Separation” shall mean a “separation from service,” as defined in the regulations under Section 409A of the Code. 
 5. Successors. 
 (a) Company’s
Successors. The Company shall require any successor (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets, by an
agreement in substance and form satisfactory to the Executive, to assume this Agreement and to agree expressly to perform this Agreement in the same manner and to the same extent as the Company would be required to perform it in the absence of a
succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets or which becomes bound by this Agreement by operation of law. 
 (b) Executive’s Successors. This Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be enforceable by,
the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 6. Golden Parachute Taxes 
 (a) Best After-Tax Result. In the event that any payment or benefit received or to be
received by Executive pursuant to this Agreement or otherwise (“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this subsection (a), be subject
to the excise tax imposed by Section 4999 of the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of Section 6(b) hereof, such Payments
shall be either (A) provided in full pursuant to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise Tax
(“Reduced Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or penalties on
such taxes), results in the receipt by Executive, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments may be subject to the Excise Tax.
Unless the Company and Executive otherwise agree in writing, any determination required under this Section shall be made by independent tax counsel designated by the Company and reasonably acceptable to Executive (“Independent Tax
Counsel’), whose determination shall be conclusive and binding 

 
upon Executive and the Company for all purposes. For purposes of making the calculations required under this Section, Independent Tax Counsel may make
reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code; provided that Independent Tax Counsel shall assume that
Executive pays all taxes at the highest marginal rate. The Company and Executive shall furnish to Independent Tax Counsel such information and documents as Independent Tax Counsel may reasonably request in order to make a determination under this
Section. The Company shall bear all costs that Independent Tax Counsel may reasonably incur in connection with any calculations contemplated by this Section. In the event that Section 6(a)(ii)(B) above applies, then based on the information
provided to Executive and the Company by Independent Tax Counsel, Executive may, in Executive’s sole discretion and within 30 days of the date on which Executive is provided with the information prepared by Independent Tax Counsel, determine
which and how much of the Payments (including the accelerated vesting of equity compensation awards) to be otherwise received by Executive shall be eliminated or reduced (as long as after such determination the value (as calculated by Independent
Tax Counsel in accordance with the provisions of Sections 280G and 4999 of the Code) of the amounts payable or distributable to Executive equals the Reduced Amount). If the Internal Revenue Service (the “IRS”) determines that any Payment
is subject to the Excise Tax, then Section 6(b) hereof shall apply, and the enforcement of Section 6(b) shall be the exclusive remedy to the Company. 
 (b) Adjustments. If, notwithstanding any reduction described in Section 6(a) hereof (or in the absence of any such reduction), the IRS determines that Executive is liable for the Excise Tax as a result of
the receipt of one or more Payments, then Executive shall be obligated to surrender or pay back to the Company, within 120 days after a final IRS determination, an amount of such payments or benefits equal to the “Repayment Amount.” The
Repayment Amount with respect to such Payments shall be the smallest such amount, if any, as shall be required to be surrendered or paid to the Company so that Executive’s net proceeds with respect to such Payments (after taking into account
the payment of the Excise Tax imposed on such Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount with respect to such Payments shall be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax
imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by Executive from the Payments. If the Excise Tax is not eliminated pursuant to this Section 6(b), Executive shall pay the Excise
Tax. 
 7. Miscellaneous Provisions. 
 (a) Other Severance Arrangements. This Agreement supersedes any and all cash severance arrangements on change in control under any prior separation, severance and salary continuation arrangements, programs and
plans which were previously offered by the Company to the Executive, including change in control severance arrangements pursuant to an employment agreement or offer letter. In no event shall any individual receive cash severance benefits under both
this Agreement and any other severance pay or salary continuation program, plan or other arrangement with the Company. 

 (b) Notice. Notices and all other communications contemplated by this Agreement shall be in
writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or deposited with Federal Express Corporation, with shipping charges
prepaid. In the case of the Executive, mailed notices shall be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its
corporate headquarters, and all notices shall be directed to the attention of its Secretary. 
 (c) Waiver. No provision of this
Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of
any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (d) Withholding Taxes. All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges required to be
withheld by law. 
 (e) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 (f) No Retention
Rights. Nothing in this Agreement shall confer upon the Executive any right to continue in service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or any subsidiary of the Company
or of the Executive, which rights are hereby expressly reserved by each, to terminate his or her service at any time and for any reason, with or without Cause. 
 (g) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California (other than their choice-of-law provisions). 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its
duly authorized officer, as of the day and year first above written. 
  

			
	 /s/ Jarrett Appleby

	Jarrett Appleby
	
	EQUINIX, INC.
	
	 /s/ Stephen M. Smith

	By:	 	 /s/ Stephen M. Smith

	Title:	 	 CEO & PresidentOffer Letter from Equinix, Inc. to Jarrett Appleby

 Exhibit 10.37 
 October 31, 2008 
 Jarrett Appleby 
 Dear
Jarrett: 
 Equinix Operating Company, Inc. (“Equinix”) is pleased to offer you employment on the following terms, contingent upon completion of a
background investigation, satisfactory reference checks and approval of the Compensation Committee of the Board of Directors: 
 1. Position. You will
serve in a full-time capacity of Chief Marketing Officer and will report to Steve Smith, CEO & President. By signing this letter agreement, you represent and warrant to Equinix that you are under no contractual commitments inconsistent with your
obligations to Equinix. 
 2. Salary. You will be paid a salary at the annual rate of $300,000.00, which will be paid on a semi-monthly basis at
$12,500.00 in accordance with Equinix’s standard payroll practices for salaried employees. This salary will be subject to adjustment pursuant to Equinix’s employee compensation policies in effect from time to time. 
 3. Restricted Stock Unit Award. Upon commencement of employment, it will be recommended to the Compensation Committee of Equinix’s Board of Directors that
you be granted 12,500 Restricted Stock Units of common stock of Equinix under the terms and conditions of the applicable equity award plan and your award agreement. Subject to your continued service through each vesting date, the award will vest
over 3 years, with 25% of the units granted to vest on June 1, 2009, and an additional 25% of the units granted to vest on each December 1st thereafter until fully vested. The Restricted Stock Units shall provide for acceleration of 50% of
the unvested shares in the event you are subject to an involuntary termination within 12 months after a change in control (as such terms are defined in the award agreement). Each unit is an unfunded right to receive one share of Equinix common stock
upon vesting and issuance of the share provided you remain in active service through the vesting date. You will also be eligible to participate in a performance-based restricted stock unit grant in March of 2009 with the executive team. 

4. 401(k) Savings Plan and Company Match. Each payroll, Equinix will contribute 50 cents on every dollar up to the first 6% of your salary that you defer
into your 401(k) account. This plan includes a four-year vesting schedule of the Equinix contributions to your 401(k) account. You will vest in 25% of the company match after your first year as an Equinix employee, and 25% each year thereafter. You
are eligible to enroll in and begin contributing to the 401(k) plan on your first day. This information will be included in your orientation packet and you will also receive a welcome packet from our 401(k) provider, Fidelity Investments.

 5. Proprietary Information and Inventions Agreement. Like all Equinix employees, you will be required, as a condition to your employment with
Equinix, to sign Equinix’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. 

 6. Period of Employment. Your employment with Equinix will be “at will,” meaning that either you or
Equinix will be entitled to terminate your employment at any time and for any reason, with or without cause. Any contrary representations which may have been made to you are superseded by this offer. This is the full and complete agreement between
you and Equinix on this term. Although your job duties, title, compensation and benefits, as well as Equinix’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be
changed in an express written agreement signed by you and a duly authorized officer of Equinix. 
 7. Outside Activities. While you render services to
Equinix, you will not engage in any other gainful employment, business or activity without the written consent of Equinix. While you render services to Equinix, you also will not assist any person or organization in competing with Equinix, in
preparing to compete with Equinix or in hiring any employees of Equinix. 
 8. Withholding Taxes. All forms of compensation referred to in this letter
are subject to reduction to reflect applicable withholding and payroll taxes. 
 9. Entire Agreement. This letter and the Exhibit attached hereto
contain all of the terms of your employment with Equinix and supersede any prior understandings or agreements, whether oral or written, between you and Equinix. 
 10. Amendment and Governing Law. This letter agreement may not be amended or modified except by an express written agreement signed by you and a duly authorized officer of Equinix. The terms of this letter agreement and the
resolution of any disputes will be governed by California law. 
 11. Health Benefits. You and your dependents will be entitled to participate in the
Company’s medical and dental benefit plans in accordance with their terms. 
 12. Paid Time Off. You will be entitled to Paid Time Off (PTO) that
accrues on a semi-monthly basis. You will accrue 5 hours per pay period. See the U.S. Equinix Employee handbook for more information. 
 13. Other
Terms. As required by law, your employment with the Company is also contingent upon your providing legal proof of your identity and authorization to work in the United States. 
 14. Company-wide Bonus. You will be eligible to participate in Equinix’s 2009 Annual Cash Incentive Plan. Under the plan, you will be eligible to receive a bonus of up to 50% of your base salary, based
upon Equinix’s financial performance and your individual performance. The cash incentive bonus will be guaranteed at $150,000 for 2009 only. This will be paid 50% in May 2009, and 50% in March 2010. Detailed information on this plan will be
provided to you after you start. 
 15. Change In Control Severance Agreement. You will be entitled to certain severance benefits upon a change in
control of Equinix as detailed in the attached Change In Control Severance Agreement. 
 We look forward to you joining Equinix. You may indicate your
agreement with these terms and accept this offer by signing and dating the enclosed duplicate originals of this letter, the Change in Control Severance Agreement and the duplicate original of the Proprietary Information and Inventions Agreement
(PIIA). Please return one signed original offer letter, both Change in Control Severance Agreements and both PIIA’s. One signed original Change in Control Severance Agreement and one PIIA will be returned to you after receiving a company
representative’s signature. 

 This offer, if not accepted, will expire at the close of business on Friday, November 7, 2008. 
  

			
	Sincerely,
		
	By:	 	 /s/ Steve Smith

	Steve Smith
	CEO & President

 I have read and accept this employment offer: 
  

			
	 Jarrett B. Appleby

	Print Full Name
	
	 /s/ Jarrett B. Appleby

	Signature

 Dated:
    11/06                    , 2008 
  

			
	My Start Date will be	 	 12/08/08

 Attachment 
 Exhibit A: Proprietary Information and Inventions Agreement 
 Exhibit B: Change In Control Severance Agreement

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