CLI Mack Cali Realty Corporation

Item 5.02              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

Independent Consulting Services Agreement with Former Chief Accounting Officer

In connection with the previously disclosed termination without cause of Veris Residential, Inc.’s (the “Company”) former Chief Accounting Officer, Giovanni M. DeBari, on January 18, 2022, the Company and Mr. DeBari entered into an Independent Consulting Services Agreement (the “Consulting Agreement”). Pursuant to the Consulting Agreement, in exchange for Mr. DeBari’s providing certain consulting, cooperation, and transition services to the Company through July 13, 2022, Mr. DeBari will receive a consulting fee of $75,000 and will be considered to have remained employed with the Company through the term of the Consulting Agreement solely for purposes of calculating the prorated vesting of outstanding long-term incentive plan units of limited partnership interest in Veris Residential, L.P. to which Mr. DeBari may be entitled upon his termination of employment with the Company.

Mr. DeBari is otherwise eligible to receive the severance payments and benefits upon such a termination without cause (outside of a change in control) as set forth in his amended and restated employment agreement with the Company dated as of November 3, 2020 and filed as Exhibit 10.120 to the Company’s Quarter Report on Form 10-Q for the quarter ended September 30, 2020, which is incorporated herein by reference.

The foregoing summary of the Consulting Agreement does not purport to be complete and is qualified in its entirety by the full text of the Consulting Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.