Document:

FORM OF  STOCK OPTION AGREEMENT - 2004 STOCK PLAN FOR DIRECTORS

 Exhibit 10.10 
  
 [DIRECTOR FORM] 
  
 VENTAS, INC. 
 STOCK OPTION
AGREEMENT 
  
 THIS STOCK OPTION AGREEMENT
(“Agreement”) is made and entered into as of                      (“Effective Date”), by and between VENTAS, INC.,
a Delaware corporation (“Company”), and                     , a non-employee director of the Company (“Optionee”).

  
 RECITALS: 
  
 A. The Company has adopted the 2004 Stock Plan for Directors
(“Plan”) to promote the interests of the Company, its subsidiaries and stockholders by enabling directors, such as Optionee, to invest in the Company’s shares of common stock, having a par value of $.25 per share (“Common
Stock”). 
  
 B. Company believes that such investment should
increase the personal interest and special efforts of Optionee in providing for the continued success and progress of the Company. 
  
 AGREEMENT: 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement in connection with her
being a director of the Company (and not in lieu of any salary or other compensation for Optionee’s services) the right and option to purchase (the “Option”) all or any part of an aggregate of
                     (            ) shares of Common Stock (“Option
Shares”) on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of
                     ($             ). The Company and Optionee consider the
Option Price to be not less than the Fair Market Value (as defined in the Plan) of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (“Option Date”). 
  
 2. Term and Time of Exercise of the Option. The Option shall
commence on the date hereof and continue for a term ending ten years from the Option Date (“Termination Date”), unless sooner terminated as provided in Section 6. 
  
 3. Option Exercisable in Installments. Subject to the other terms and conditions stated herein, the right to
exercise the Option shall accrue in installments as follows: 
  
 (a) First Installment. Commencing on the Option Date, Optionee may exercise the Option for up to 50 percent of the number of Option Shares. 

 [DIRECTOR FORM] 
  
 (b) Second Installment. Commencing on the First Anniversary of the Option Date, the Option may be fully
exercised to the extent that it has not previously been exercised. 
  
 Notwithstanding the foregoing, upon a Change in Control as defined in the Plan or the retirement of the Optionee as a director, Optionee shall have the right to exercise the Option in full as to all Option Shares. 
  
 4. Conditions to Exercise of the Option. 
  
 (a) Exercise of Option. Subject to the provisions of Section
3, Optionee may exercise the Option by delivering to the Company written notice (“Notice”) of exercise stating the number of Option Shares for which the Option is being exercised accompanied by payment in the amount of the Option Price
multiplied by the number of shares for which the Option is being exercised (the “Exercise Price”) in the manner provided in Section 4(b). 
  
 (b) Payment of Exercise Price. Company shall accept as payment for the Exercise Price (a) a check payable to the order of Company, (b) the
tender of Common Stock (by either actual delivery of Common Stock or by attestation) having a Fair Market Value (determined as of the close of the business day immediately preceding the date of exercise of the Option) provided such Common Stock has
been held by Optionee for at least six months prior to tender, (c) “cashless exercise” through a third party in a transaction independent of the Company and properly structured to avoid any adverse accounting consequences to the Company,
(d) a combination of the foregoing, or (e) by any other means which the Committee determines. 
  
 (c) Delivery of Shares on Exercise. As soon as practicable after receipt of the Notice and payment of the Exercise Price, Company shall deliver to Optionee, without transfer or issuance tax or other
incidental expense to Optionee, at the office of Company, or at such other place as may be mutually acceptable, or, at the election of Company, by certified mail addressed to Optionee at the Optionee’s address shown in the records of Company, a
certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Company has received payment in the manner prescribed herein. Company may postpone such delivery until it receives satisfactory proof that the
issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated
thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part
of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, her right to exercise the Option for such undelivered shares may be terminated by the Company. 

 [DIRECTOR FORM] 
  
 5. Restrictions on Transfer of Option. 
  
 (a) Except as provided in Section 5(b), the Option shall be exercisable during Optionee’s lifetime only by
Optionee, and neither the Option nor any right hereunder shall be transferable except by will or the laws of descent and distribution. The Option may not be subject to execution or other similar process. If Optionee attempts to alienate, assign,
pledge, hypothecate or otherwise dispose of the Option or any of the Optionee’s rights hereunder, except as provided herein or in Section 5(b), or in the event of any levy or any attachment, execution or similar process upon the rights or
interests hereby conferred, Company may terminate the Option by notice to Optionee and it shall thereupon become null and void. 
  
 (b) Optionee may, subject to any restrictions under Section 16(b) of the Exchange Act, transfer all rights under this Agreement to (i)
Optionee’s spouse or lineal descendants (“Immediate Family Members”), (ii) a trust or trusts for the exclusive benefit of such Optionee and her Immediate Family Members, or (iii) a partnership or limited liability company in which
such Optionee and her Immediate Family Members are the only partners or members, as applicable; provided that (a) any such transfer must be without any consideration to Optionee for such transfer, and (b) all subsequent transfers of any rights under
this Agreement shall be prohibited other than by bequest or the laws of descent and distribution. Following any such transfer, this Agreement shall continue to be subject to the same terms and conditions as were applicable immediately prior to
transfer, provided that for purposes of this Agreement and the Plan (excluding Section 6 hereof and Section 4.2 of the Plan) the term “Optionee” shall be deemed to refer to the transferee. Any rights to exercise the Option transferred
hereunder shall be exercisable by the transferee only to the extent, and for the periods, specified in this Agreement. 
  
 6. Termination of Option. 
  
 (a) If the Optionee ceases to be a director of the Company for any reason other than death, Disability, retirement or removal for Cause, the Option
shall terminate three months after the Optionee ceases to be a director of the Company (unless the Optionee dies during such period) or on the Option’s expiration date, if earlier, and shall be exercisable during such period after the Optionee
ceases to be a director of the Company only with respect to the number of Shares which the Optionee was entitled to purchase on the day preceding the day on which the Optionee ceased to be a director. 
  
 (b) If the Optionee ceases to be a director of the Company because of
removal for Cause, the Option shall terminate on the date of the Optionee’s removal. 
  
 (c) In the event of the Optionee’s death, Disability or retirement while a director of the Company, or the Optionee’s death within three months after the Optionee ceases to be a director (other than
by reason of removal for Cause), the Option shall terminate upon the earlier to occur of (i) 12 months after the date of the Optionee’s death, Disability or retirement, or (ii) the Option’s expiration date. The Option shall be 

 [DIRECTOR FORM] 
  
 exercisable during such period after the Optionee’s death or Disability with respect to the number of Shares as to which the Option
shall have been exercisable on the date preceding the Optionee’s death or Disability, as the case may be. In the event of the retirement of the Optionee, the Option shall be fully exercisable during such period. 
  
 7. Adjustment to Option. The Option shall be subject to
adjustment as provided in the Plan. 
  
 8.
Miscellaneous. 
  
 (a) No Rights as
Stockholder. Neither Optionee, nor any person entitled to exercise Optionee’s rights under this Agreement, shall have any of the rights of a shareholder regarding the shares of Common Stock subject to the Option, except after the
exercise of the Option as provided herein. 
  
 (b)
Incorporation of Plan. This Agreement is and shall be in all respects subject to the terms and conditions of the Plan, a copy of which Optionee acknowledges receiving prior to the execution hereof. 
  
 (c) Captions. The captions and section headings used herein are
for convenience only, shall not be deemed part of this Agreement and shall not in any way restrict or modify the context and substance of any section or paragraph of this Agreement. 
  
 (d) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of Delaware. 
  
 (e) Defined Terms. All
defined terms used herein which are defined in the Plan shall have the meanings set forth in the Plan, unless a different meaning is plainly required by the context. 

 [DIRECTOR FORM] 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 
  

			
	VENTAS, INC.
		
	By:	 	  

	Title:	 	  

	  

	NAMEFORM OF RESTRICTED STOCK AGREEMENT- 2004 STOCK PLAN FOR DIRECTORS

 Exhibit 10.11 
  
 [DIRECTOR FORM] 
  
 VENTAS, INC. 
 RESTRICTED STOCK
AGREEMENT 
  
 THIS RESTRICTED STOCK AGREEMENT
(“Agreement”) is made and entered into as of the              day of
                , by and between VENTAS, INC., a Delaware corporation (“Company”), and
                    , a director of the Company (“Director”). 
  
 RECITALS: 
  
 A. The Company has adopted the Ventas 2004 Stock Plan for Directors to recognize the extraordinary time and effort expended by directors for the
Company. 
  
 B. Company believes that such investment
should increase the personal interest and special efforts of Director in providing for the continued success and progress of Company and should enhance the efforts of Company to attract and retain competent non-employee directors. 
  
 AGREEMENT: 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Issuance of Common Stock. The Company shall cause to be
issued to Director                      (            ) shares of Common
Stock (the “Shares”). The certificates representing the Shares, together with a stock power duly endorsed in blank by Director, shall be deposited with the Company to be held by it until the restrictions imposed upon the Shares by this
Agreement have expired. 
  
 2. Vesting of Shares. If
Director has not forfeited any of the Shares, the restriction on the Transfer (as defined herein) of the Shares shall expire with respect to one-half of the Shares on
                    , and shall expire with respect to the balance of the Shares on
                    . Upon expiration of the restriction against Transfer of any of the Shares pursuant to this Section 2, the Shares shall
vest. Notwithstanding the foregoing, in the event of (A) a Change in Control or (B) the death or Disability of Employee, the Shares shall automatically vest and all restrictions on the Shares shall lapse. 
  
 3. Forfeiture of Shares. If Director ceases to be a Director
for any reason other than death or Disability, all of the Shares which have not vested in accordance with Section 2 of this Agreement shall be forfeited and reconveyed to the Company by Director without additional consideration and Director shall
have no further rights with respect thereto. 
  
 4.
Restriction on Transfer of Shares. Director shall not Transfer any of the Shares owned by Director until such restriction on the Transfer of the Shares is removed pursuant to this Agreement. For the purposes of this Agreement, the term
“Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or judicial order, transfers by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary
or involuntary. 
  

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 [DIRECTOR FORM] 
  
 5. Rights as Stockholder. Unless the Shares are forfeited, Director shall be considered a stockholder of the
Company with respect to all such Shares that have not been forfeited and shall have all rights appurtenant thereto, including the right to vote or consent to all matters that may be presented to the stockholders and to receive all dividends and
other distributions paid on such Shares. If any dividends or distributions are paid in Common Stock, such Common Stock shall be subject to the same restrictions as the Shares with respect to which it was paid. 
  
 6. Restrictive Legend. Each certificate representing the Shares
may bear the following legend: 
  
 The sale or other transfer of
the shares represented by this Certificate, whether voluntary, involuntary or by operation of law, is subject to certain restrictions on transfer (including conditions of forfeiture) as set forth in a Restricted Stock Agreement. A copy of the
Restricted Stock Agreement may be obtained from the Secretary of Ventas, Inc. 
  
 When the Shares have become vested, Employee shall have the right to have the preceding legend removed from the certificate representing such vested Shares. 
  
 7. Agreement Does Not Grant Employment Rights. The granting of Shares shall not be construed as granting to
Director any right to employment by the Company. The right of the Company to terminate Director’s employment at any time, whether by dismissal, discharge, retirement or otherwise, is specifically reserved. 
  
 8. Miscellaneous. 
  
 a. Incorporation of Plan. This Agreement is and shall be, in
all respects, subject to the terms and conditions of the Plan, a copy of which Director acknowledges receiving prior to the execution hereof and the terms of which are incorporated by reference. 
  
 b. Captions. The captions and section headings used herein are
for convenience only, shall not be deemed a part of this Agreement and shall not in any way restrict or modify the context or substance of any section or paragraph of this Agreement. 
  
 c. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State
of Delaware without regard to its conflict of laws rules. 
  
 d. Section 83(b) Election Under the Code. If Director timely elects, under Section 83(b) of the Code, to include the fair market value of the Shares on the date hereof in such Director’s gross income for the current
taxable year, Director agrees to give prompt written notice of such election to the Company. Director hereby acknowledges that the Company may be obligated to withhold income taxes for the income includable in Director’s income and hereby
agrees to make whatever arrangements are necessary to enable the Company to withhold as required by law. 
  

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 [DIRECTOR FORM] 
  
 e. Defined Terms. All capitalized terms not defined herein shall have the same meanings as set forth in the
Plan unless a different meaning is plainly required by the context. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on and as of the date first above written. 
  

			
	VENTAS, INC.
		
	By:	 	  

	Title:	 	  

	  

	NAME	 	 

  

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