Internap (INAPQ) 10-K2016 FY Annual report

Filed: 13 Mar 17, 12:00am

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Exhibit 10.35

	Peter D. Aquino
	President & CEO
	Internap Corporation
	703-919-0237

October 28, 2016

Mr. Robert M. Dennerlein

Bob,

To follow through on our discussions and interviews, I am pleased to offer for you on behalf of Internap Corporation, the position of SVP and Chief Financial Officer. This offer has the support of our Compensation Committee and Board of Directors, but will be subject to a background check and final board approval. I will advance this process once you accept our offer.

A summary of the offer is as follows:

	●	Role and Responsibilities will include all aspects of the position of a public company CFO, as well as Corporate IT. Section 16 Officer.
	●	Reporting to the President & CEO
	●	Primary location will be our Secaucus data center in NJ
	●	Base Salary of $275K
	●	Target Cash Bonus of 50%
	●	Potential for additional cash bonus up to 100% subject to Compensation Committee discretion
	●	Annual Equity Grant at a value of your base salary, or $275K to start. This value will be converted into Restricted Stock, subject to a 3-year vest. 50% of the grant will be subject to time, and 50% will be subject to performance as part of the Compensation Committee’s approved metrics – TBD.
	●	12 months severance, subject to clearing the first 90 days. The Company will pay COBRA for the period under severance. The severance amount will be paid over 12 months in the normal payroll cycle
	●	Participation in Company benefits, including medical, dental, 401(k), etc.
	●	4 weeks vacation

Private & Confidential – Internap Corporation

One Ravinia Drive | Suite 1300 | Atlanta, GA 30346 | www.internap.com

If these terms are acceptable to you, we will proceed expeditiously to work towards a November 14^th start date. I appreciate your reply in the next couple of days.

/s/ Robert M. Dennerlein

/s/ Peter D. Aquino

Peter D. Aquino

cc:	Chairman of the Compensation Committee – Charles B. Coe
	Board of Directors

Private & Confidential – Internap Corporation

One Ravinia Drive | Suite 1300 | Atlanta, GA 30346 | www.internap.com

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