SEC Contract Filing

Filing Date: 2020-09-02

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex10-1.htm
<DESCRIPTION>OFFER LETTER
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.1</font><br>
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 <div style="text-align: right; margin-right: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">August 29, 2020</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">John Hatem</div>
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 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Dear John:</div>
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 <div style="text-align: justify;">On behalf of CyrusOne, I am happy to extend an offer to you for the position of Executive Vice President &amp; Chief Operating Officer, reporting to our President &amp; Chief Executive Officer, Bruce W. Duncan.&#160; This
 offer is contingent upon the accuracy of your representations and warranties below, successful completion of a background investigation and drug screening, execution of the Company&#8217;s non-disclosure, non-compete and other employment related policies,
 and approval of the Board of Directors of CyrusOne.&#160; This position is located at the corporate office.&#160; Your employment start date is October 5, 2020. <br>
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 <div style="text-align: justify; margin-right: 2.5pt; font-family: 'Times New Roman'; font-size: 10pt;">Compensation for this salaried, exempt position will include:</div>
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 <div style="font-family: 'Times New Roman'; font-size: 10pt;">Bi-weekly base salary of $17,307.69 (equivalent to $450,000.00 annually), to be paid in accordance with current Company payroll policies.</div>
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 <div style="font-family: 'Times New Roman'; font-size: 10pt;">Eligibility under current Company policy to participate in the CyrusOne Bonus Program at a target opportunity level equal to 100% of your actual base pay earnings for the year. Any
 bonus earned is based on a combination of business results and your own results measured against performance objectives for you/your position; provided, for your 2020 bonus, it will be prorated to your employment start date and paid at target
 (i.e., without regard to the performance objectives).&#160; Any bonus payments made to you are at the sole discretion of the CEO and require final approval from the Compensation Committee of the Board of Directors of CyrusOne.&#160; Your first annual
 bonus is set to be paid in the first quarter of 2021.</div>
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 <div style="font-family: 'Times New Roman'; font-size: 10pt;">Equity awards are set and approved by the Compensation Committee of the Board of Directors of CyrusOne each year.&#160; Your initial annual equity award is expected to be issued in the
 first quarter of 2021, with a target annual equity value of $1,100,000.&#160; Equity awards are subject to the terms of the award agreement and the applicable plan.</div>
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 <div style="font-family: 'Times New Roman'; font-size: 10pt;">You will be eligible for Paid Time Off (PTO) at a rate of 160 hours per calendar year.&#160; This will require normal manager approval.&#160; In addition, you will be entitled to observe the
 holidays honored by CyrusOne.&#160; A list of such holidays is included in our Benefits Summary.</div>
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