Document:

EX-10.58 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

 

Exhibit 10.60

SECOND AMENDMENT

TO

EMPLOYMENT AGREEMENT

This
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT is made as of  September 29, 2006 among MEDICAL PROPERTIES
TRUST, INC. (the “REIT”), MPT OPERATING PARTNERSHIP, L.P., a
Delaware limited partnership (the “Operating
Partnership”) (the REIT and the Operating Partnership are
referenced collectively as the “Company”), and
Edward K. Aldag, Jr. (the “Executive”):

WHEREAS,
the Executive and the Company entered into an Employment Agreement Dated September 10, 2003, as
first amended on March 8, 2004, (the “Employment; Agreement”); and

WHEREAS,
the parties desire to amend the Employment Agreement as provided
herein.

NOW,
THEREFORE, in consideration of the premises and for other good and
valuable  consideration, the
parties hereby agree as follows:

       1. Paragraph 4
of the Employment Agreement is hereby deleted in its entirety and the following
paragraph is hereby substituted in lieu thereof:

     “4. INCENTIVE AWARDS: ANNUAL INCENTIVE BONUS. The Executive shall be entitled to
receive an annual cash incentive bonus for each fiscal year during the Term of this
Agreement consistent with such bonus policy as may be adopted by the Board of Directors
or its Compensation Committee (“Bonus Policy”). The Bonus Policy shall contain both
individual and group goals. If the Executive or the Company, as the case may be,
satisfies the performance criteria contained in such Bonus Policy for a fiscal year, he
shall receive an annual incentive bonus (the “Incentive Bonus”), in an amount determined
by the Compensation Committee and subject to ratification by the Board, if required. If
the Executive or the Company, as the case may be, fails to satisfy the performance
criteria contained in such Bonus Policy for a fiscal year, the Compensation Committee may
determine whether any Incentive Bonus shall be payable to Executive for that year,
subject to ratification by the Board, if required. The Executive’s bonus shall not be
subject to any minimum award, as provided in the Executive’s Employment Agreement
previous to this amendment. Additionally, in consideration for the Executive’s agreement
to forgo a guaranteed minimum bonus, the Company agrees that the previous bonus ceiling
of 100% of salary is no longer applicable and that, henceforth, there shall be no
limitation or ceiling on the maximum bonus that may be awarded to the Executive by the
Board of Directors or its Compensation Committee.”

Second Amendment to Employment Agreement of

Edward K. Aldag, Jr.

Page 1 of 2

 

 

     2. Except to the extent hereby amended, the Employment Agreement, as amended on March 8, 2004,
is hereby confirmed and ratified and shall continue in full force and effect.

     3. The effective date of this amendment is September 29,2006.

     IN WITNESS WHEREOF, the parties have executed this First Amendment to Employment Agreement as
of the date first above written.

	 	 	 	 	 
	OPERATING PARTNERSHIP:

	 	EXECUTIVE:	 	 
	MPT OPERATING PARTNERSHIP, L.P.
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, LLC
	 	 	 	 
	ITS: GENERAL PARTNER
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, INC.

	 	/s/ Edward K. Aldag, Jr.
 

	 	 
	ITS: SOLE MEMBER

	 	Edward K. Aldag, Jr.	 	 

	 	 	 	 	 
	By:

	 	/s/ Emmett E. McLean
	 	Dated: 10/2/06
	 

	 	 	 	 
	 

	 	Emmett E. McLean	 	 
	 

	 	Executive Vice President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/10/06	 	 
	 
	 	 	 	 
	REIT:	 	 
	 
	 	 	 	 
	By:

	 	/s/ Emmett E. McLean	 	 
	 

	 	 	 	 
	 

	 	Emmett E. McLean	 	 
	 

	 	Executive Vice President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/10/06	 	 

Second Amendment to Employment Agreement of

Edward K. Aldag, Jr.

Page 2 of 2EX-10.59 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

Exhibit
10.59

FIRST AMENDMENT

TO

EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT is made as of September 29, 2006 among MEDICAL
PROPERTIES TRUST, INC. (the “REIT”), MPT OPERATING PARTNERSHIP, L.P., a Delaware limited
partnership (the “Operating Partnership”) (the REIT and the Operating Partnership are referenced
collectively as the “Company”), and Richard S. Hamner (the “Executive”):

WHEREAS, the Executive and the Company entered into an Employment Agreement Dated September 10,
2003 (the “Employment Agreement”); and

WHEREAS, the parties desire to amend the Employment Agreement as provided herein.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration,
the parties hereby agree as follows:

     1. Paragraph 4 of the Employment Agreement is hereby deleted in its

entirety and the following paragraph is hereby substituted in lieu thereof:

     “4. INCENTIVE AWARDS: ANNUAL INCENTIVE BONUS. The Executive shall be entitled
to receive an annual cash incentive bonus for each fiscal year during the Term of
this Agreement consistent with such bonus policy as may be adopted by the Board of
Directors or its Compensation Committee (“Bonus Policy”). The Bonus Policy shall
contain both individual and group goals. If the Executive or the Company, as the
case may be, satisfies the performance criteria contained in such Bonus Policy for
a fiscal year, he shall receive an annual incentive bonus (the “Incentive Bonus”),
in an amount determined by the Compensation Committee and subject to ratification
by the Board, if required. If the Executive or the Company, as the case may be,
fails to satisfy the performance criteria contained in such Bonus Policy for a
fiscal year, the Compensation Committee may determine whether any Incentive Bonus
shall be payable to Executive for that year, subject to ratification by the Board,
if required. The Executive’s bonus shall not be subject to any minimum award, as
provided in the Executive’s Employment Agreement previous to this amendment.
Additionally, in consideration for the Executive’s agreement to forgo a guaranteed
minimum bonus, the Company agrees that the previous bonus ceiling of 100% of
salary is no longer applicable and that, henceforth, there shall be no limitation
or ceiling on the maximum bonus that may be awarded to the Executive by the Board
of Directors or its Compensation Committee.”

     2. Except to the extent hereby amended, the Employment Agreement is

hereby confirmed and ratified and shall continue in full force and effect.

First Amendment to Employment Agreement of

Richard S. Hamner

Page 1 of 2

 

 

     3. The effective date of this amendment is September 29, 2006.

     IN WITNESS WHEREOF, the parties have executed this First Amendment to Employment Agreement as
of the date first above written.

	 	 	 	 	 
	OPERATING PARTNERSHIP:

	 	EXECUTIVE:	 	 
	MPT OPERATING PARTNERSHIP, L.P.
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, LLC
	 	 	 	 
	ITS: GENERAL PARTNER
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, INC.

	 	/s/ Richard S. Hamner
 

	 	 
	ITS: SOLE MEMBER

	 	Richard S. Hamner	 	 

	 	 	 	 	 
	By:

	 	/s/ Edward K. Aldag, Jr.
 

Edward K. Aldag, Jr.
	 	Dated: 10/12/06 
	 

	 	Chairman, President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/2/06	 	 
	 
	 	 	 	 
	REIT:	 	 
	 
	 	 	 	 
	By:

	 	/s/ Edward K. Aldag, Jr.
 

Edward K. Aldag, Jr.
	 	 
	 

	 	Chairman, President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/2/06	 	 

First Amendment to Employment Agreement of

Richard S. Hamner

Page 2 of 2EX-10.60 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

Exhibit
10.60

FIRST AMENDMENT

TO

EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT is made as of September 29, 2006 among MEDICAL
PROPERTIES TRUST, INC. (the “REIT”), MPT OPERATING PARTNERSHIP, L.P., a Delaware limited
partnership (the “Operating Partnership”) (the REIT and the Operating Partnership are referenced
collectively as the “Company”), and William G. McKenzie (the “Executive”):

WHEREAS, the Executive and the Company entered into an Employment Agreement Dated September
10,2003 (the “Employment Agreement”); and

WHEREAS, the parties desire to amend the Employment Agreement as provided herein.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration,
the parties hereby agree as follows:

      1. Paragraph 4 of the Employment Agreement is hereby deleted in its
entirety and the following paragraph is hereby substituted in lieu thereof:

     “4. INCENTIVE AWARDS: ANNUAL INCENTIVE BONUS. The Executive shall be entitled
to receive an annual cash incentive bonus for each fiscal year during the Term of
this Agreement consistent with such bonus policy as may be adopted by the Board of
Directors or its Compensation Committee (“Bonus Policy”). The Bonus Policy shall
contain both individual and group goals. If the Executive or the Company, as the
case may be, satisfies the performance criteria contained in such Bonus Policy for
a fiscal year, he shall receive an annual incentive bonus (the “Incentive Bonus”),
in an amount determined by the Compensation Committee and subject to ratification
by the Board, if required. If the Executive or the Company, as the case may be,
fails to satisfy the performance criteria contained in such Bonus Policy for a
fiscal year, the Compensation Committee may determine whether any Incentive Bonus
shall be payable to Executive for that year, subject to ratification by the Board,
if required. The Executive’s bonus shall not be subject to any minimum award, as
provided in the Executive’s Employment Agreement previous to this amendment.
Additionally, in consideration for the Executive’s agreement to forgo a guaranteed
minimum bonus, the Company agrees that the previous bonus ceiling of 100% of
salary is no longer applicable and that, henceforth, there shall be no limitation
or ceiling on the maximum bonus that may be awarded to the Executive by the Board
of Directors or its Compensation Committee.”

     2. Except to the extent hereby amended, the Employment Agreement is
hereby confirmed and ratified and shall continue in full force and effect.

First Amendment to Employment Agreement of

William G. McKenzie

Page 1 of 2

 

 

     3. The effective date of this amendment is September 29, 2006.

     IN WITNESS WHEREOF, the parties have executed this First Amendment to Employment Agreement as
of the date first above written.

	 	 	 	 	 
	OPERATING PARTNERSHIP:

	 	EXECUTIVE:	 	 
	MPT OPERATING PARTNERSHIP, L.P.
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, LLC
	 	 	 	 
	ITS: GENERAL PARTNER
	 	 	 	 
	BY: MEDICAL PROPERTIES TRUST, INC.

	 	/s/ William G. Mckenzie
 

	 	 
	ITS: SOLE MEMBER

	 	William G. McKenzie	 	 

	 	 	 	 	 
	By:

	 	/s/ Edward K. Aldag, Jr.	 	 
	 

	 	 	 	 
	 

	 	Edward K. Aldag, Jr.
	 	Dated: 10/2/06
	 

	 	Chairman, President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/2/06	 	 
	 
	 	 	 	 
	REIT:	 	 
	 
	 	 	 	 
	By:

	 	/s/ Edward K. Aldag, Jr.
 

Edward K. Aldag, Jr.
	 	 
	 

	 	Chairman, President and CEO	 	 
	 
	 	 	 	 
	Dated: 10/2/06	 	 

First Amendment to Employment Agreement of

William G. McKenzie

Page 2 of 2

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