SEC Contract Filing

Filing Date: 2020-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.56
<SEQUENCE>4
<FILENAME>ex-10d56.htm
<DESCRIPTION>EX-10.56
<TEXT>
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 Ex 10.56
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 <font style="display:inline;font-weight:bold;color:#000000;">Exhibit 10.56</font>
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 <font style="display:inline;font-weight:bold;">EXECUTIVE SEVERANCE AGREEMENT</font>
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 <font style="display:inline;">This EXECUTIVE SEVERANCE AGREEMENT (including Exhibit A hereto, the &#x201C;</font><font style="display:inline;font-weight:bold;">Agreement</font><font style="display:inline;">&#x201D;), dated as of [DATE] (&#x201C;</font><font style="display:inline;font-weight:bold;">Effective Date</font><font style="display:inline;">&#x201D;), is made by and between Digital Realty Trust, Inc. (&#x201C;</font><font style="display:inline;font-weight:bold;">REIT</font><font style="display:inline;">&#x201D;), DLR LLC (&#x201C;</font><font style="display:inline;font-weight:bold;">Employer</font><font style="display:inline;">&#x201D;, and together with the REIT, &#x201C;</font><font style="display:inline;font-weight:bold;">Company</font><font style="display:inline;">&#x201D;) and ______________ (&#x201C;</font><font style="display:inline;font-weight:bold;">Employee</font><font style="display:inline;">&#x201D;, and together with the Company, &#x201C;</font><font style="display:inline;font-weight:bold;">Parties</font><font style="display:inline;">&#x201D;).&nbsp; </font>
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 <font style="display:inline;">In consideration of Employee&#x2019;s continued employment with the Company and for other good and valuable consideration, the Company is pleased to offer Employee eligibility to receive severance benefits upon specified terminations of employment on the terms and conditions set forth in this Agreement in accordance with the belief of the Compensation Committee of the Board of Directors of the REIT that it is in the Company&#x2019;s best interests to provide Employee with those benefits as enhanced financial security and incentive and encouragement for Employee to remain with the Company. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in Section III of Exhibit A of this Agreement.</font>
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 <font style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial,Helvetica,sans-serif;font-size:11pt;;;padding:0pt 27pt 0pt 0pt;"> 1.</font>
 <font style="display:inline;font-weight:bold;">EFFECTIVE DATE AND TERM OF AGREEMENT.</font><font style="display:inline;"> This Agreement shall be effective on the Effective Date. Subject to the terms of this Agreement, this Agreement shall be effective for a term commencing on the Effective Date and ending on January 31, 2022 (&#x201C;</font><font style="display:inline;font-weight:bold;">Term</font><font style="display:inline;">&#x201D;); provided, however, that in the event that a Change in Control occurs during the Term, the ending date of the Term shall thereupon automatically be extended to the date that is the second anniversary of the date on which such Change in Control occurs. Notwithstanding anything contained in this Agreement, in no event shall the expiration of the Term or the Company&#x2019;s election not to renew or extend the Term constitute a termination of Employee&#x2019;s employment by the Company without Cause or by Employee for Good Reason.</font></p></td></tr></table></div>
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 <font style="display:inline;font-weight:bold;">AT-WILL EMPLOYMENT.</font><font style="display:inline;"> The Company and Employee acknowledge that Employee&#x2019;s employment is and shall continue to be at-will, as defined under applicable law. This Agreement does not constitute an agreement to employ Employee for any specific time.</font></p></td></tr></table></div>
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