Document:

cor_Ex10_1

		
			Exhibit 10.1
		

		
			Amended and Restated Non-Employee Director Compensation Policy
		

			
	
			
				 1.
			General. The Non-Employee Director Compensation Policy (the "Policy"), as set forth herein, was initially adopted by the Board of Directors (the "Board") of CoreSite Realty Corporation (the "Company") to become effective as of the completion of the Company’s initial public offering of its common stock, was amended effective January 1, 2014, was further amended effective January 1, 2016, and is further amended with such amendments taking effect on January 1, 2019 (the "Effective Date"). Capitalized but undefined terms used herein shall have the meanings provided for in the CoreSite Realty Corporation and CoreSite, L.P. 2010 Equity Incentive Plan, as amended (the "Plan").

			
	
			
				 2.
			Annual Cash Compensation. Each member of the Board who is not employed by the Company, CoreSite, L.P. (the "Partnership") or one of their affiliates or TC Group, L.L.C. or one of its affiliates (a "Non-Employee Director") shall be entitled to an annual retainer fee payable in cash with the amount determined as follows (such amount, the "Annual Retainer"):

			
	
			
				 (i)
			

			
	
			
			The annual retainer fee for service on the Board shall be $75,000;

			
	
			
				 (ii)
			

			
	
			
			The annual retainer fee for service on a Board committee (other than in the role of a committee Chair) shall be an additional $12,500 per committee;

			
	
			
				 (iii)
			

			
	
			
			The annual retainer fee for service as Chair of a Board committee shall be an additional $25,000; and

			
	
			
				 (iv)
			

			
	
			
			The annual retainer fee for service as Lead Independent Director shall be an additional $25,000.

			
	
			
				 3.
			Timing of Payment of Annual Retainers. Annual Retainers payable hereunder shall be paid in quarterly installments on or about January 1, April l, July 1 and October 1 of each year and shall be subject to the Non-Employee Director’s continued service on the Board on each applicable payment date.

			
	
			
				 4.
			Annual Restricted Stock Unit Grants. Each person who is a Non-Employee Director immediately following an annual meeting of stockholders shall be granted, automatically and without necessity of any action by the Board or any committee thereof, on the date of such annual meeting a number of Restricted Stock Units having a value equal to $175,000 ("Annual Director RSUs"), determined by dividing $175,000 by the Fair Market Value of one share of Stock on the date of such annual meeting. In addition, each Non-Employee Director shall receive one Dividend Equivalent with respect to each Annual Director RSU that is granted. The Annual Director RSUs and related Dividend Equivalents shall become vested on the one year anniversary of the date of grant, subject to the Non-Employee Director’s continued service to the Company on such date, and shall be subject to the terms and conditions set forth in the Plan and a Restricted Stock Unit Agreement in such form as the Board may approve for such awards from time to time. Members of the Board who are employees of the Company and who subsequently terminate employment with the Company and remain on the Board, to the extent that they are otherwise eligible, shall receive, after termination of employment with the Company, Annual Director RSUs and Dividend Equivalents pursuant to this Section 4. The Annual Director RSUs and related Dividend Equivalents shall vest in full upon the occurrence of a Change in Control. The Company will settle the Annual Director RSUs through the issuance of shares of Stock at the time of vesting unless a deferral election is made by a Non-Employee Director pursuant to the following sentence. The Company may allow a Non-Employee Director to elect to defer settlement of the shares of Stock issuable with respect to the Annual Director RSUs by submitting a deferral election form in a form adopted by the Company from time to time, subject to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder ("Section 409A"). All such deferral elections shall be made in accordance with the rules and procedures for such elections established by the Company and in accordance with Section 409A.

			
	
			
				 5.
			Written Grant Agreement. The grant of any Award under this Policy shall be made solely by and subject to the terms set forth in a written agreement in a form to be approved by the Board and duly executed by an executive officer of the Company.

		
			

		 

		

			 

		

 

		

			
	
			
				 6.
			Effect of Other Plan Provisions. All of the provisions of the Plan shall apply to the Awards granted automatically pursuant to this Policy, except to the extent such provisions are inconsistent with this Policy.

			
	
			
				 7.
			Policy Subject to Amendment. Modification and Termination. This Policy may be amended, modified or terminated by the Board in the future at its sole discretion. Without limiting the generality of the foregoing, the Board hereby expressly reserves the authority to terminate this Policy during any year up and until the election of directors at a given annual meeting of stockholders.

		
			Date.
		

			
	
			
				 8.
			Effectiveness. This amended policy shall become effective as of the Effective

		
			*     *     *     *     *cor_Ex10_2

		
			Exhibit 10.2
		

		
			CORESITE REALTY CORPORATION
2019 EXECUTIVE SHORT-TERM INCENTIVE PLAN
		

		
			The 2019 Executive Short-Term Incentive Plan (the “Plan”) is a cash bonus plan in which executives of CoreSite Realty Corporation (the “Company”) or any affiliate are eligible to participate. The Plan provides incentive cash bonuses based on the achievement of goals relating to the financial performance of the Company, as well as individual performance, which will be determined in the discretion of the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”). The performance period for the Plan is January 1, 2019 to December 31, 2019 (the “Performance Period”).
		

		
			The Compensation Committee administers the Plan. The Compensation Committee, in its sole discretion, selects the individuals who will participate in the Plan and the actual bonus (if any) payable to each participant. The target bonus for each participant is determined as a percentage of such participant’s base salary, ranging from 33% to 125%, as determined by the Compensation Committee in its sole discretion (the “Target Bonus”). Participants under the Plan may receive between 0% and 175% of their Target Bonus.
		

		
			Payout under the Plan will be based on the achievement of the following performance measures during the Performance Period:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Performance Measure

					
					
						Weighting

					
					
						Targets & Potential Payouts

				
	
					
						Revenue

					
					
						33.3%

					
					
						See Appendix

				
	
					
						EBITDAre*

					
					
						33.3%

					
					
						See Appendix

				
	
					
						Funds from Operations (“FFO”)**

					
					
						33.3%

					
					
						See Appendix

				

		
			* EBITDAre is defined as earnings before interest, taxes, depreciation and amortization, gains or losses from the sale of depreciated property, and impairment of depreciated property.
		

		
			** FFO represents net income, excluding gains (or losses) from sales of property and impairment write-downs of depreciable real estate, plus real estate related depreciation and amortization (excluding amortization of deferred financing costs) and after adjustments for unconsolidated partnerships and joint ventures.
		

		
			The Compensation Committee may, in its sole discretion, make adjustments to the payouts under the Plan as a result of extraordinary events and/or conditions that either positively or negatively impact the Company’s performance. In addition, the Company’s Board of Directors or Compensation Committee may further adjust the bonus payments in its discretion based on each participant’s achievement of departmental and individual goals, and overall job performance.
		

		
			Unless otherwise specifically provided in a written agreement between the Company and a participant, a participant must be continuously employed by the Company or an affiliate from January 1, 2019 through the date the bonus payment is made to be eligible for payment under this Plan. A participant hired after January 1, 2019 and employed through December 31, 2019 may receive a pro-rated bonus payment. Payment of each bonus will be made as soon as practicable after the end of the Performance Period, but in any event will be made by March 15, 2020. Bonuses will be paid in cash in a single lump sum, subject to payroll taxes and tax withholding.
		

		
			Each bonus that may become payable under the Plan will be paid solely from the general assets of the Company. Nothing in the Plan should be construed to create a trust or to establish or evidence any participant’s claim of any right to payment of a bonus other than as an unsecured general creditor with respect to any payment to which a participant may be entitled.
		

		
			

		 

 

		

		
			No participant will have any claim to a bonus under the Plan, and the Compensation Committee will have no obligation for uniformity of treatment of participants under the Plan. Furthermore, nothing in the Plan will be deemed to limit in any way the Compensation Committee’s full discretion to determine whether to grant any bonuses hereunder.
		

		
			The Compensation Committee reserves the right to unilaterally amend, modify or terminate the Plan at any time, including amending the Plan as it deems necessary or desirable to avoid adverse tax consequences under Section 409A of the Internal Revenue Code of 1986, as amended.
		

		
			To the extent required by applicable law or any applicable securities exchange listing standards, amounts paid or payable under the Plan shall be subject to clawback as determined by the Compensation Committee, which clawback may include forfeiture and/or recoupment of amounts paid or payable under the Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]