Exhibit 10.1

 

RESTRICTED STOCK AGREEMENT

UNDER THE

NATIONWIDE HEALTH PROPERTIES, INC. 1989 STOCK OPTION

PLAN, as AMENDED AND RESTATED April 20, 2001

 

This Restricted Stock Agreement is entered into as of the 25th day of January,
2005 between NATIONWIDE HEALTH PROPERTIES, INC. a Maryland corporation (the
“Corporation” herein), and                      (the “Participant”), upon the
following terms and conditions:

 

I

 

GRANT OF RESTRICTED STOCK

 

The Corporation has, on January 25, 2005 (the “Date of Grant”), granted to the
Participant a Restricted Stock award as set forth on Exhibit A attached hereto
and in accordance with Nationwide Health Properties, Inc. 1989 Stock Option and
Restricted Stock Plan, as Amended and Restated April 20, 2001 (the “Plan”), and
the terms of this Restricted Stock Agreement (the “Agreement”).

 

II

 

TERM OF AGREEMENT

 

The term of this Agreement shall be for a period ending on January 25, 2015,
subject to earlier termination as hereinafter provided.

 

 

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III

 

RELEASE OF RESTRICTED STOCK

 

The Restricted Stock subject to the provisions of this Agreement shall vest and
be released to Participant pro rata every three years, beginning on the first
anniversary of the date of grant. The Corporation shall, as of the date of
grant, cause to be issued in the name of the Participant the number of shares
awarded by this Agreement, which shall be set forth on Exhibit A attached
hereto. The unreleased share certificates shall be held for the account of the
Participant by the Corporation.

 

Any Restricted Stock to be released as provided for in this Agreement shall be
released during the lifetime of the Participant only to the Participant.

 

IV

 

TERMINATION

 

In the event the Participant’s employment or affiliation with the Corporation is
terminated for any reason, all unreleased stock certificates shall be canceled;
provided, however, that if the termination is due to death or is part of a
normal retirement program, then all of the shares will be released on the date
of death or retirement, provided that said date is at least six months after the
date of grant.

 

Notwithstanding the provisions of the immediately preceding paragraph, if
Participant’s termination of employment is determined to be a Change in Control
Termination (as that phrase is defined in the Change in Control Agreement
between the Company and the Participant), all unvested shares of Restricted
Stock held in the name of Participant shall be vested in accordance with the
terms of the Change in Control Agreement.

 

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V

 

RIGHTS TO VOTE AND DIVIDENDS

 

In accordance with the terms of the Plan, the Participant shall have the right
to vote the shares of Restricted Stock and to receive all dividends as though
all shares of Restricted Stock granted were his without the restrictions imposed
by the Plan or this Agreement.

 

VI

 

TAXES

 

The Participant acknowledges that the Restricted Stock may give rise to income
tax liability to the Participant. The Participant agrees that the Corporation
may utilize any released shares to satisfy its withholding obligations, if any,
with respect to such income tax liability of the Participant if other
arrangements acceptable to the Corporation have not been made by the
Participant, and that the Corporation may hold any released shares until it has
been satisfied that the conditions to its obtaining an appropriate deduction, if
applicable, have been met.

 

VII

 

CHANGE IN CAPITAL STRUCTURE

 

The number and kinds of shares subject to this Agreement shall be subject to
adjustment as provided for by the Plan.

 

VIII

 

GENERAL PROVISIONS

 

The Corporation shall at all times during the term of this Agreement maintain on
behalf of the Participant, in his name, certificates of shares of Common Stock
of the Corporation in an amount equal to the total number of shares subject to
this Agreement, less the total number of

 

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shares that have been released pursuant to Article III hereof. In addition, the
Corporation shall pay all original issue and transfer costs of the shares
pursuant hereto and all other fees and expenses necessarily incurred by the
Corporation in connection therewith, and will use its best efforts to comply
with all laws and regulations which shall be applicable thereto.

 

The Participant agrees to be bound by all of the provisions of this Restricted
Stock Agreement and by all of the terms and provisions of the Plan.

 

IN WITNESS WHEREOF, the Corporation has caused this Restricted Stock Agreement
to be duly executed by an Officer thereunto duly authorized, and the Participant
has hereunto executed the same as of the date first above written.

 

_________________________________________

                                                             , Participant
Nationwide Health Properties, Inc. By:  

 

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Douglas M. Pasquale, President and

Chief Executive Officer

 

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RECORD OF GRANT OF RESTRICTED STOCK

 

Date

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   Number of Shares

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   Entered By

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January 25, 2005

   __________    __________

 

RECORD OF RELEASE OF RESTRICTED STOCK

 

Date

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Number

of

Shares

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Fair Market

Value

(For tax purposes)

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Number

of Shares

Remaining

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Entered by

(Initials)

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__________   __________   __________    __________    __________ __________  
__________   __________    __________    __________ __________   __________  
__________    __________    __________