Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Internap Corpex99_1.htm
EX-10.7 - EXHIBIT 10.7 - Internap Corpex10_7.htm
EX-10.6 - EXHIBIT 10.6 - Internap Corpex10_6.htm
EX-10.5 - EXHIBIT 10.5 - Internap Corpex10_5.htm
EX-10.3 - EXHIBIT 10.3 - Internap Corpex10_3.htm
EX-10.2 - EXHIBIT 10.2 - Internap Corpex10_2.htm
EX-10.1 - EXHIBIT 10.1 - Internap Corpex10_1.htm
8-K - 8-K - Internap Corpform8k.htm

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


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