Document:

Exhibit 10.3

  

  

    AMENDMENT NO. 1

    TO

    EMPLOYMENT AGREEMENT

    

    

    THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this “Amendment”) dated as of March 13, 2020 (the “Amendment Effective Date”), by and between Michael Sicoli and Internap Corporation, a Delaware Corporation
      (the “Company,” and together with Executive, each a “Party”, and collectively, the “Parties”).

     

    WHEREAS, the Parties entered into an Employment Agreement, dated August 26, 2019 (the “Agreement”); and

     

    WHEREAS, the Executive and the Company wish to amend a certain provision of the Agreement as set forth herein.

     

    NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledge, Executive and the Company agree as follows:

     

    
      
        	

              	1.	
                Section 1.4 is amended to add the following clause (d):

              

      

    

     

    (d)  Executive will be eligible to receive a one-time bonus equal to $575,000 (the “Incentive Bonus”).  Fifty percent of the Incentive Bonus will be payable within five days following the consummation of
      the chapter 11 plan contemplated by that certain Restructuring Support Agreement, dated as of March 13, 2020, among the Company and the other parties thereto (the “Initial Incentive Bonus Payment Date”).  The remaining fifty percent of the
      Incentive Bonus will be payable on March 31, 2021 (the “Second Incentive Bonus Payment Date”, and together with the Initial Incentive Bonus Payment Date, the “Payment Dates”).  Executive will forfeit any unpaid portion of the Incentive
      Bonus if Executive experiences a Termination other than a Qualifying Termination prior to the applicable Payment Date.  Notwithstanding the foregoing, in the event of Executive experiences a Qualifying Termination, Executive will be paid any unpaid
      and unforfeited portion of the Incentive Bonus on the later of (x) the Initial Incentive Bonus Payment Date and (y) the date of such termination.

     

    2.     Except to the extent expressly modified or amended by this Amendment, all terms and provisions of the Agreement shall continue in full force and effect and shall remain enforceable and binding in accordance with
      their respective terms.

     

    3.     This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement.  A signed copy of this Amendment delivered by
      facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.

     

    [Signature page follows]

    
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    IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Amendment Effective Date.

     

    Company:

     

    INTERNAP CORPORATION

     

    /s/ Richard Diegnan

    Name: Richard Diegnan

    Title: Executive Vice President, General Counsel

    

    

    EXECUTIVE:

    

    

    /s/ Michael Sicoli

    Michael Sicoli

     

    

     

    

    
      [Signature Page to Amendment No. 1 to Employment Agreement]Exhibit 10.4

  

  
    

    

    March 13, 2020

    

    

    INCENTIVE BONUS LETTER AGREEMENT

    

    

    Andrew,

    

    

    As you are aware, Internap Corporation (the “Company”) is undergoing a chapter 11 plan of reorganization.  In order to ensure your continued, diligent performance during this period of uncertainty, the Company has
      determined that you will be eligible for an incentive bonus in accordance with the terms of this letter (this “Letter”).

    

    

    You will be eligible to receive a one-time bonus equal to $200,000 (the “Incentive Bonus”).  Fifty percent of the Incentive Bonus will be payable within five days following the consummation

      of the chapter 11 plan contemplated by that certain Restructuring Support Agreement, dated as of March 13, 2020, among the Company and the other parties thereto (the “Initial Incentive Bonus Payment Date”).  The remaining fifty percent of the
      Incentive Bonus will be payable on March 31, 2021 (the “Second Incentive Bonus Payment Date”, and together with the Initial Incentive Bonus Payment Date, the “Payment Dates”).  You will forfeit any unpaid portion of the Incentive Bonus
      if you are terminated for Cause or voluntarily resign prior to the applicable Payment Date.  Notwithstanding the foregoing, in the event of your termination other than for Cause or as a result of your voluntary resignation, you will be paid any
      unpaid and unforfeited portion of the Incentive Bonus on the later of (x) the Initial Incentive Bonus Payment Date and (y) the date of such termination.  “Cause” means any act or omission on your part which would at law permit an employer to, without
      notice or payment in lieu of notice, terminate the employment of an employee including but not limited to, a material breach of this Letter.

    

    

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    Please indicate acceptance of this Letter by signing below.

    

    

    Sincerely,

    

    

    /s/ Richard Diegnan

    Richard Diegnan

    Executive Vice President, General Counsel

    

    

    
      
        	ACCEPTED:	
                /s/ Andrew Day

              

      

    

    Andrew Day

    

    

  

  

  

  - 2 -Exhibit 10.5

      

    

    

    
      March 13, 2020

      

      

      INCENTIVE BONUS LETTER AGREEMENT

      

      

      Richard,

      

      

      As you are aware, Internap Corporation (the “Company”) is undergoing a
        chapter 11 plan of reorganization.  In order to ensure your continued, diligent performance during this period of uncertainty, the Company has determined that you will be eligible for an incentive bonus in accordance with the terms of this letter
        (this “Letter”).

      

      

      You will be eligible to receive a one-time bonus equal to $400,000 (the “Incentive Bonus”). 
        Fifty percent of the Incentive Bonus will be payable within five days following the consummation of the chapter 11 plan contemplated by that certain Restructuring Support Agreement, dated as of March 13, 2020, among the
        Company and the other parties thereto (the “Initial Incentive Bonus Payment Date”).  The remaining fifty percent of the Incentive Bonus will be payable on March 31, 2021 (the “Second Incentive Bonus Payment Date”, and together with the Initial Incentive Bonus Payment Date, the “Payment Dates”).
         You will forfeit any unpaid portion of the Incentive Bonus if you are terminated for Cause or voluntarily resign prior to the applicable Payment Date.  Notwithstanding the foregoing, in the event of your termination other than for Cause or as a
        result of your voluntary resignation, you will be paid any unpaid and unforfeited portion of the Incentive Bonus on the later of (x) the Initial Incentive Bonus Payment Date and (y) the date of such termination.  “Cause” means the occurrence of any
        of the following: (i) the willful and continued failure by you to substantially perform your material duties to the Company; (ii) your willful and continued failure to substantially follow and comply with such specific and lawful directives of the
        Company that are not inconsistent with your position; (iii) you have been convicted of, or pleaded nolo contendere to a felony involving moral turpitude; (iv) you have engaged in fraud against the Company or misappropriated Company property or the
        property of the Company’s affiliates (other than incidental property) resulting in a material economic or financial injury to the Company or any affiliate; (v) you materially breach any Company policy, which breach causes (A) financial harm to the
        Company or (B) real or potential reputational harm to the Company.

      

      

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      Please indicate acceptance of this Letter by signing below.

      

      

      Sincerely,

      

      

      /s/ Michael Sicoli

      Michael Sicoli

      President and Chief Financial Officer

      

      

      
        
          	ACCEPTED:	
                  /s/ Richard Diegnan

                

        

      

      Richard Diegnan

      

      

    

    

    

  - 2 -Exhibit 10.6

  

  

  

  
    March 13, 2020

    

    

    INCENTIVE BONUS LETTER AGREEMENT

    

    

    John,

    

    

    As you are aware, Internap Corporation (the “Company”) is undergoing a
      chapter 11 plan of reorganization.  In order to ensure your continued, diligent performance during this period of uncertainty, the Company has determined that you will be eligible for an incentive bonus in accordance with the terms of this letter
      (this “Letter”).

    

    

    You will be eligible to receive a one-time bonus equal to $100,000 (the “Incentive
          Bonus”).  Fifty percent of the Incentive Bonus will be payable within five days following the consummation of the chapter 11 plan contemplated by that certain Restructuring Support Agreement, dated as of
      March 13, 2020, among the Company and the other parties thereto (the “Initial Incentive Bonus Payment Date”).  The remaining fifty percent of the Incentive Bonus will be payable on
      March 31, 2021 (the “Second Incentive Bonus Payment Date”, and together with the Initial Incentive Bonus Payment Date, the “Payment
          Dates”).  You will forfeit any unpaid portion of the Incentive Bonus if you are terminated for Cause or voluntarily resign prior to the applicable Payment Date.  Notwithstanding the foregoing, in the event of your termination other
      than for Cause or as a result of your voluntary resignation, you will be paid any unpaid and unforfeited portion of the Incentive Bonus on the later of (x) the Initial Incentive Bonus Payment Date and (y) the date of such termination.  “Cause” means
      the occurrence of any of the following: (i) the willful and continued failure by you to substantially perform your material duties to the Company; (ii) your willful and continued failure to substantially follow and comply with such specific and
      lawful directives of the Company that are not inconsistent with your position; (iii) you have been convicted of, or pleaded nolo contendere to a felony involving moral turpitude; (iv) you have engaged in fraud against the Company or misappropriated
      Company property or the property of the Company’s affiliates (other than incidental property) resulting in a material economic or financial injury to the Company or any affiliate; (v) you materially breach any Company policy, which breach causes (A)
      financial harm to the Company or (B) real or potential reputational harm to the Company.

    

    

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    Please indicate acceptance of this Letter by signing below.

    

    

    Sincerely,

    

    

    /s/ Richard Diegnan

    Richard Diegnan

    Executive Vice President, General Counsel

    

    

    
      
        	ACCEPTED:	
                /s/ John Filipowicz

              

      

    

    John Filipowicz

    

    

  

  

  

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