Form of Employee Restricted Stock Award




  
 Exhibit 10.14

 RICHMOND HONAN MEDICAL PROPERTIES INC. 
 Stock Award Agreement 
 THIS STOCK AWARD AGREEMENT (the
“Agreement”), dated as of the      day of                         ,
                , governs the Stock Award granted by RICHMOND HONAN MEDICAL PROPERTIES INC., a Maryland real estate investment trust (the “Company”), to
                                        
(the “Participant”), in accordance with and subject to the provisions of the Richmond Honan Medical Properties Inc. 2010 Equity Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant. All terms
used in this Agreement that are defined in the Plan have the same meaning given them in the Plan. 
 1. Grant of Stock
Award. In accordance with the Plan, and effective as of                          , 2010 (the “Date of
Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Stock Award of
                         shares of Common Stock (the “Stock Award”). 

2. Vesting. The Participant’s interest in the shares of Common Stock covered by the Stock Award shall become vested and
nonforfeitable to the extent provided in paragraphs (a), (b), (c), (d) and (e) below. 
 (a) Continued
Employment. The Participant’s interest in the shares of Common Stock covered by the Stock Award shall become vested and nonforfeitable in accordance with the following table provided that the Participant remains in the continuous employ of
the Company or an Affiliate from the Date of Grant until the applicable Vesting Date shown in the table: 
  

					
	 Vesting Date
	  	Number of Shares Vesting
On the Vesting Date	 
		
	 [Last day of 15th Month After Grant]
	  	 	[3.75	%] 
	 [Last day of 18th Month After Grant]
	  	 	[3.75	%] 
	 [Last day of 21st Month After Grant]
	  	 	[3.75	%] 
	 [Last day of 24th Month After Grant]
	  	 	[3.75	%] 
	 [Last day of 27th Month After Grant]
	  	 	[5.25	%] 
	 [Last day of 30th Month After Grant]
	  	 	[5.25	%] 
	 [Last day of 33rd Month After Grant]
	  	 	[5.25	%] 
	 [Last day of 36th Month After Grant]
	  	 	[5.25	%] 
	 [Last day of 39th Month After Grant]
	  	 	[7.00	%] 
	 [Last day of 42nd Month After Grant]
	  	 	[7.00	%] 
	 [Last day of 45th Month After Grant]
	  	 	[7.00	%] 
	 [Last day of 48th Month After Grant]
	  	 	[7.00	%] 
	 [Last day of 51st Month After Grant]
	  	 	[9.00	%] 
	 [Last day of 54th Month After Grant]
	  	 	[9.00	%] 
	 [Last day of 57th Month After Grant]
	  	 	[9.00	%] 
	 [Last day of 60th Month After Grant]
	  	 	[9.00	%] 









 For purposes of clarity and illustration, if the Participant remains in the continuous
employ of the Company or an Affiliate from the Date of Grant until [Last day of 36th Month After Grant], as of that Vesting Date [36%] of the shares of Common Stock subject to the Stock Award will have become vested and nonforfeitable. 

(b) Change in Control. The Participant’s interest in all of the shares of Common Stock covered by the Stock Award (if not
sooner vested), shall become vested and nonforfeitable on a Control Change Date if the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the Control Change Date. 

(c) Death or Disability. The Participant’s interest in all of the shares of Common Stock covered by the Stock Award (if not
sooner vested), shall become vested and nonforfeitable on the date that the Participant’s employment by the Company and its Affiliates ends if (i) such employment ends on account of the Participant’s death or because the Participant
is “disabled” (as defined in Code section 409A(a)(2)(c)) and (ii) the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the date such employment ends on account of the
Participant’s death or because the Participant is disabled. 
 (d) Termination of Employment Without Cause. The
Participant’s interest in all of the shares of Common Stock covered by the Stock Award (if not sooner vested), shall become vested and nonforfeitable on the date that the Participant’s employment by the Company and its Affiliates ends if
(i) such employment is terminated by the Company or an Affiliate without Cause and (ii) the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the date such employment ends on account
of a termination by the Company or an Affiliate without Cause. For purposes of this Agreement, a termination of the Participant’s employment with the Company or an Affiliate is with Cause if such employment is terminated by action of a majority
of the non-employee members of the Board (the “Independent Directors”) on account of (i) the Participant’s repeated and continuing (x) failure to perform a material duty of the Participant’s employment,
(y) material breach of an obligation under an agreement with the Company or (z) breach of a material and written Company policy; in each case other than by reason of mental or physical illness or injury, (ii) the
Participant’s breach of a fiduciary duty to the Company, (iii) the Participant’s conduct that is demonstrably and materially injurious to the Company, materially or otherwise or (iv) the Participant’s conviction of, or plea
of nolo contendre to, a felony or crime involving moral turpitude or fraud or dishonesty involving assets of the Company and that in all cases is described in a written notice adopted and approved by a majority of the Independent Directors
and that is not cured, to the reasonable satisfaction of a majority of the Independent Directors, within thirty (30) days after such notice is received by the Participant. 

(e) Resignation With Good Reason. The Participant’s interest in all of the shares of Common Stock covered by the Stock Award
(if not sooner vested) shall become vested and nonforfeitable on the date that the Participant’s employment by the Company and its Affiliates ends if (i) such employment is terminated by the Participant with Good Reason and (ii) the
Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the date such employment ends on account of the Participant’s resignation with Good Reason. For purposes of this Agreement, the
Participant’s resignation is with Good Reason if the Participant resigns on account of (w) the Company’s material breach of an 

 

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agreement with the Participant or a direction from the Board that the Participant act or refrain from acting which in either case would be unlawful or contrary to a material and written Company
policy, (x) a material diminution in the Participant’s duties, functions and responsibilities to the Company and its Affiliates without the Participant’s consent or the Company preventing the Participant from fulfilling or
exercising the Participant’s material duties, functions and responsibilities to the Company and its Affiliates without the Participant’s consent, (y) a material reduction in the Participant’s base salary or annual bonus
opportunity or (z) a requirement that the Participant relocate the Participant’s employment more than fifty (50) miles from the location of the Participant’s principal office on the Date of Grant, without the consent of
the Participant. The Participant’s resignation shall not be a resignation with Good Reason unless the Participant gives the Board written notice (delivered within thirty (30) days after the Participant knows of the event, action, etc. that
the Participant asserts constitutes Good Reason), the event, action, etc. that the Participant asserts constitutes Good Reason is not cured, to the reasonable satisfaction of the Participant, within thirty (30) days after such notice and the
Participant resigns effective not later than ninety (90) days after the expiration of such cure period. 
 Except as provided in this
Section 2, any shares of Common Stock covered by the Stock Award that are not vested and nonforfeitable on or before the date that the Participant’s employment by the Company and its Affiliates ends shall be forfeited on the date that such
employment terminates. 
 3. Transferability. Shares of Common Stock covered by the Stock Award that have not become
vested and nonforfeitable as provided in Section 2 cannot be transferred. Shares of Common Stock covered by the Stock Award may be transferred, subject to the requirements of applicable securities laws, after they become vested and
nonforfeitable as provided in Section 2. 
 4. Shareholder Rights. On and after the Date of Grant and prior to their
forfeiture, the Participant shall have all of the rights of a shareholder of the Company with respect to the shares of Common Stock covered by the Stock Award, including the right to vote the shares and to receive, free of all restrictions, all
dividends declared and paid on the shares. Notwithstanding the preceding sentence, the Company shall retain custody of the certificates evidencing the shares of Common Stock covered by the Stock Award until the date that the shares of Common Stock
become vested and nonforfeitable and the Participant hereby appoints the Company’s Chief Executive Officer and its Secretary as the Participant’s attorneys in fact, with full power of substitution, with the power to transfer to the Company
and cancel any shares of Common Stock covered by the Stock Award that are forfeited under Section 2. 
 5. No Right to
Continued Employment. This Agreement and the grant of the Stock Award does not give the Participant any rights with respect to continued employment by the Company or an Affiliate. This Agreement and the grant of the Stock Award shall not
interfere with the right of the Company or an Affiliate to terminate the Participant’s employment. 
 6. Governing
Law. This Agreement shall be governed by the laws of the State of Georgia except to the extent that Georgia law would require the application of the laws of another State. 

 

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 7. Conflicts. In the event of any conflict between the provisions of the Plan as in
effect on the Date of Grant and this Agreement, the provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the Date of Grant. 

8. Participant Bound by Plan. The Participant hereby acknowledges that a copy of the Plan has been made available to the
Participant and the Participant agrees to be bound by all the terms and provisions of the Plan. 
 9. Binding Effect.
Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon the Participant and the Participant’s successors in interest and the Company and any successors of the Company. 

[signature page follows] 
  

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 IN WITNESS WHEREOF,
the Company and the Participant have executed this Agreement as of the date first set forth above. 
  

							
	RICHMOND HONAN MEDICAL PROPERTIES INC.	 		 	[NAME OF PARTICIPANT]
				
	By:	 	  
	 		 	  

				
	Title:	 	  
	 		 	


  
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