SEC Contract Filing

Filing Date: 2016-02-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>2
<FILENAME>t1600058_ex10-18.htm
<DESCRIPTION>EXHIBIT 10.18
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in">Exhibit 10.18</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">EMPLOYMENT SECURITY
AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">This
Employment Security Agreement (the &ldquo;<U>Agreement</U>&rdquo;) is made by and between Internap Corporation (&ldquo;<U>Company</U>&rdquo;)
and Kevin M. Dotts (&ldquo;<U>Employee</U>&rdquo;) this 15<SUP>th</SUP> day of February, 2016 (the &ldquo;<U>Effective Date</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS,</B> in order to achieve its
long-term objectives, Company recognizes that it is essential to attract and retain qualified key employees; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS</B>, in consideration of the
valuable service for, and critical contribution to the success of Company, Company desires to provide Employee with certain benefits
in the event Employee&rsquo;s employment is terminated, either in connection with or unrelated to a Change of Control of Company,
on the terms and subject to the conditions set forth in this Agreement. Capitalized terms that are used in this Agreement but not
defined in connection with their use are defined in Article V.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW, THEREFORE</B>, in consideration
of the promises and of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, it is agreed as follows:</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE I<BR>
TERMINATION BENEFITS</P>

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<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in; text-align: left"><B>1.1</B></TD><TD><B>General Termination Benefits</B>. If Employee incurs
a Qualifying Termination other than during a Protection Period, Employee will receive the following termination benefits:</TD>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><B>Severance Pay</B>. Subject to Section 1.4 and Article
2, Employee will receive severance pay in an amount equal to twelve (12) months of Base Compensation to be paid monthly in equal
installments payable over a twelve (12) month period, in accordance with the Company&rsquo;s normal payroll schedule, beginning
with the first such date that is at least sixty (60) days after the date of Employee&rsquo;s Qualifying Termination (the &ldquo;Initial
Payment Date&rdquo;), provided that the general release required pursuant to Article 2 has been executed and delivered to Company
and has become irrevocable by such date.</TD>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify"><B>Accrued Obligations</B>. Employee will be entitled
to (i) payment of any earned and unpaid Base Compensation as of Termination of Employment, (ii) payment of any earned but unpaid
other amounts due as of the Termination of Employment, including, but, not limited to, any unpaid, earned bonus for any prior
fiscal year, and (iii) payment of any earned but unused paid time off as of the Termination of Employment, only to the extent
such paid time off is to be paid out under the vacation plan or policy sponsored by Company that is applicable to Employee (the
&ldquo;<U>Accrued Obligations</U>&rdquo;). Accrued Obligations described in clause (i) above will be paid as part of Employee&rsquo;s
final ordinary payroll payment from Company for active employment or contemporaneously with such payment, but in no event later
than the period requ