Document:

SEI-EX10.1_2012.8.6-8K

Exhibit 10.1

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
WHEREAS, SEITEL,  INC., a Delaware corporation (together with its successor and assigns, the “Company”) and KEVIN P. CALLAGHAN, (the “Executive”) have previously entered in an Employment Agreement dated January 30, 2007 (as previously amended, the “Agreement”); and,
WHEREAS, the Compensation Committee of the Company has approved the increase of the Executive's annual bonus target; and
WHEREAS, in furtherance of such approval, the Company and the Executive wish to amend certain provisions of the Agreement,
THEREFORE, the Agreement is hereby amended, effective as of January 1, 2012, as follows:
1.    The Bonus provisions set forth in Section 5 of the Agreement are hereby deleted and are amended and restated in their entirety to read as follows:
5.    Bonus.
Beginning in calendar year 2012, the “Cash Bonus” shall be determined under the annual incentive plan or program of the Company, the terms of which, including the threshold, target and maximum bonus levels, shall be proposed by the President and CEO, and approved in the sole and absolute discretion of the Board or Compensation Committee of the Board (the “Compensation Committee”) on a calendar year basis during the Term (the “Annual Incentive Plan”).  If the Board or Compensation Committee determines that the Executive has obtained the targets in the Annual Incentive Plan, he will be eligible to receive a target amount of 80% of his Base Salary (“Target Bonus”) amount as a Cash Bonus.  If the Executive exceeds the maximum target in the Annual Incentive Plan (as set forth therein), he will be eligible to earn a maximum Cash Bonus of up to 120% of his Base Salary.  The Cash Bonus will be payable when bonuses are paid under Company policies and procedures or as determined by the Board or Compensation Committee, but in no event later than March 15th of the calendar year following the calendar year to which the Cash Bonus relates.
2.    Except as otherwise amended herein, all the terms and provisions of the Employment Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment on July 27, 2012, to be effective as of January 1, 2012.
SEITEL, INC.
	
		
	By:
	/s/ Robert D. Monson

	 
	Name:  Robert D. Monson

	 
	Title:  President and Chief Executive Officer

EXECUTIVE:

	
		
	 
	/s/ Kevin P. Callaghan

	 
	Name:  Kevin P. CallaghanEXHIBIT 10.2

 

SEPARATION AGREEMENT AND GENERAL RELEASE

 

THIS
SEPARATION AGREEMENT AND GENERAL RELEASE (“Separation Agreement”) is made by
and between Health Care REIT, Inc., together with its affiliates, subsidiaries,
divisions, joint ventures, predecessors, successors and assigns (the “Company”)
and John T. Thomas, on behalf of himself and his heirs, executors,
administrators, successors, and assigns (collectively referred to herein as
“Employee”) (Company and Employee shall be collectively referred to herein as
“Parties”).   

 

RECITALS

 

WHEREAS, Employee is employed by the Company; and

 

WHEREAS, Company
and Employee have entered into an Employment Agreement dated January 19, 2009
(the “Employment Agreement”);

 

WHEREAS, Employee has agreed to voluntarily resign his employment with
Company, pursuant to Section 5(d) of the Employment Agreement, effective July
25, 2012 (the “Termination Date”) and Company has agreed to accept a shortened
notice period than that required under the Employment Agreement; 

 

WHEREAS, Employee is not entitled to receive severance pay
under the Employment Agreement or otherwise pursuant to a voluntary
resignation;

  

WHEREAS, Employee is not entitled to receive continued coverage
of medical and dental insurance under the insurance programs maintained by the
Company at the Company’s expense under the Employment Agreement or otherwise;

 

WHEREAS, Employee is not entitled to accelerated vesting of any
restricted stock or stock options currently held by Employee but scheduled to
vest in on dates following the Termination Date;

 

WHEREAS, Employee elects to receive severance pay, continued
coverage of medical and dental insurance under the insurance programs
maintained by the Company at the Company’s expense, and accelerated vesting of
stock and stock options under this Separation Agreement under the terms and
conditions set forth below;

 

NOW THEREFORE, in consideration of the mutual promises set forth
herein, the Company and the Employee (collectively referred to as the
“Parties”) hereby agree as follows:

 

The above recitals are hereby incorporated into this
Separation Agreement.

 

1.         Last
Day of Employment.  Employee's employment with the Company terminated on July 25, 2012 (the
“Termination Date”).     

 

2.         Consideration.  
In consideration for Employee’s execution of this Separation Agreement and
compliance with its terms, Company agrees,
after Employee executes this Agreement and after the expiration of the revocation period required by the
Older Workers’ Benefit Protection Act as set forth in Paragraph 21 below (the
“Effective Date”): 

 

a.                  
to pay to Employee Four Hundred Seventy Two Thousand Seven
Hundred and Seven Dollars and Sixty Eight
Cents ($472,707.68), less lawful deductions (the “Severance Pay”).  Company
shall issue Employee an IRS Form W-2 for this amount.  Payment of the Severance
Pay shall be made as follows:

 

 

 

 

 

            (1)        Two Hundred Twenty Thousand
Seven Hundred and Seven Dollars and Sixty Eight Cents ($220,707.68), less
applicable withholdings, will be payable in equal bi-monthly installments,
according to the Company’s regular payroll schedule, commencing no later than
the second payroll period following the Effective Date, and ending on December
31, 2012.

 

            (2)        One
Hundred Thousand Dollars ($100,000.00), less applicable withholdings, to be
payable in a lump-sum on December 31, 2012.

 

            (3) 
      One Hundred and Fifty Two Thousand Dollars ($152,000.00), less applicable
withholdings, will be payable in equal bi-monthly installments, according to
the Company’s regular payroll schedule, commencing on January 15, 2013 and
ending on July 31, 2013.  

 

            b.         if Employee properly and timely elects to
continue coverage under the Company’s group medical, dental and/or vision
insurance plans in accordance with the continuation requirements of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”),
the Company shall pay the cost of the premium for such coverage through July
31, 2013 (the “COBRA Payment Period”), provided, however, that such payments
shall cease if Employee becomes eligible to participate in the medical, dental
and/or vision insurance plans of a third party employer at any time prior to
the expiration of the COBRA Payment Period.  Thereafter, Employee shall be
entitled to elect to continue such COBRA coverage for the remainder of the
COBRA period, at Employee’s own expense, consistent with the provisions of
COBRA. Company shall issue Employee an
IRS Form 1099 for these payments. 

 

            c.         to
immediately accelerate, effective on the Effective Date, the vesting of 8,470
shares of restricted stock currently held by Employee under the 2005 Long-Term
Incentive Plan but not scheduled to vest until January 15, 2013.  

 

d.         to immediately accelerate options for the
purchase of 13,156 shares of the Company’s common stock which are currently
held by the Employee under the 2005 Long-Term Incentive Plan but not scheduled
to vest until January 15, 2013, such that these options shall be immediately
exercisable at the original strike price and in the same manner as such options
were available for exercise during Employee’s period of employment, as of the
Effective Date and for a period of twelve (12) months following the Effective
Date.  In addition, all options that are vested and
unexercised immediately prior to the Effective Date shall be exercisable for a
period of twelve (12) months following the Effective Date.

 

3.         Additional
Consideration.  In consideration for Employee's irrevocable execution
of this Agreement and compliance with its terms, if the Company achieves the
objectives set forth in a letter addressed to Employee dated the Effective Date
(the "Letter") by December 31, 2012 and the Employee has cooperated
and provided requested assistance in the achievement of those objectives (as
determined by the Company in its sole and absolute discretion), then the
Company will make an additional payment to Employee, no later than January 31,
2013, of up to One Hundred Fifty Thousand Dollars ($150,000.00), less
applicable withholdings.  

 

 

4.         No
Consideration Absent Execution of this Separation Agreement.  Employee
understands and agrees that Employee would not receive the monies or benefits
specified in Paragraphs 2 and 3 above, except for Employee’s execution of this
Separation Agreement and fulfillment of the promises contained herein.  

 

5.         Release
of All Claims.  Employee knowingly and voluntarily releases and forever
discharges, to the fullest extent permitted by law, Company, its insurers and
reinsurers, successors and assigns, and their current and former employees,
attorneys, officers, directors and agents thereof, both individually and in
their business capacities, and their employee benefit plans and programs and
their administrators and fiduciaries, all of whom are intended third-party
beneficiaries of this Separation Agreement (collectively referred to throughout
the remainder of this Separation Agreement as “Releasees”), to the full extent
permitted by law, of and from any and all claims, known and unknown, asserted
or unasserted, which the Employee has or may have against Releasees as of the
date of execution of this Separation Agreement, including, but not limited to,
any alleged violation of:   

 

 

 

 

 

 

§     Title VII of the Civil Rights Act of 1964;

§     The Civil Rights Act of 1991;

§     The Equal Pay Act;

§     Sections 1981 through 1988 of Title 42 of the United
States Code;

§     The Employee Retirement Income Security Act of 1974
(“ERISA”) (except for any vested benefits under any tax qualified benefit
plan);

§     The Immigration Reform and Control Act;

§     The Americans with Disabilities Act of 1990;

§     The Age Discrimination in Employment Act of 1967
(“ADEA”);

§     The Worker Adjustment and Retraining Notification Act;

§     The Family and Medical Leave Act;

§     The Fair Credit Reporting Act;

§     The Sarbanes-Oxley Act of 2002;

§     The Occupational Safety and Health Act;

§     The Genetic Information Nondiscrimination Act of 2008;      

§     Ohio Civil Rights Act, O.R.C. § 4112.01 et seq.;

§     Ohio Age Discrimination in Employment Act, 
O.R.C. § 4112.14;

§    
Ohio Whistleblower Protection Act,
O.R.C. § 4113.51 et seq.;

§    
Ohio Statutory Provisions
Regarding Retaliation/Discrimination for Pursuing a Workers Compensation Claim,
O.R.C. § 4123.90;

§    
Ohio Minimum Fair Wages Act,
O.R.C. § 4111.01 et seq.;

§    
Ohio Wage Payment Act, O.R.C. §
4113.15;

§    
Ohio Uniformed Services Employment
and Reemployment Act, Ohio Rev. Code §§ 5903.01, 5903.02; 

§    
any other federal, state or local
law, rule, regulation, or ordinance; 

§    
any public policy, contract, tort,
or common law; or

§    
any basis for recovering costs,
fees, or other expenses including attorneys' fees incurred in these matters.

 

Employee
agrees not to assist other in asserting legal claims against the Company except
that this prohibition shall not apply to assistance with agency proceedings or
when Employee is compelled by subpoena or law to provide information or
testimony.  

 

6.         Acknowledgments
and Affirmations.  Employee affirms that Employee has not filed, nor
caused to be filed, nor is Employee presently a party to, or a witness in
connection with, any claim, complaint or action against Releasees in any legal
or administrative forum.  

 

Employee affirms that Employee has been paid for
and/or has received all compensation, wages, bonuses, commissions, and/or
benefits to which Employee may be entitled and that no other leave (paid or
unpaid), compensation, wages, bonuses, commissions or benefits are due to
Employee.  

 

Employee affirms that all of Company’s decisions
regarding Employee's pay and benefits through the date of Employee's separation
of employment were not discriminatory based on age, disability, race, color,
sex, religion, national origin or any other classification protected by law.

 

Employee affirms that Employee has no known workplace
injuries or occupational diseases and that Employee has been granted or has not
been denied any leave to which Employee was entitled under the Family and
Medical Leave Act or related state or local leave or disability accommodation
laws.  

 

Employee affirms that Employee has not divulged any
proprietary or confidential information of Company and will continue to
maintain the confidentiality of such information consistent with Company’s
policies and Employee’s agreement(s) with Company and/or common law. 

 

 

 

 

 

 

Employee affirms that Employee has not been retaliated
against for reporting any allegations of wrongdoing by Company or its officers,
including any allegations of corporate fraud.   

 

Both Parties acknowledge that this Separation
Agreement does not limit either party’s right, where applicable, to file or
participate in an investigative proceeding of any federal, state or local
governmental agency.  To the extent permitted by law, Employee agrees that if
such an administrative claim is made, Employee shall not be entitled to recover
any individual monetary relief or other individual remedies.  

 

7.         Non-Competition,
Non-Solicitation and Non-Disclosure.   

 

a.         The Employee will not, for a period of one
(1) year from the Effective Date of this Agreement (the "Restricted
Period"), engage in any business activities on behalf of any enterprise in
the United States which competes with the Company in the business of:
(i) ownership or operation of Health Care Facilities (defined below);
(ii) investment in or lending to health care related enterprises
(including, without limitation, owners or developers of Health Care
Facilities); (iii) management of Health Care Facilities; or
(iv) provision of any planning or development services for Health Care
Facilities.  “Health Care Facilities” means any senior housing facilities or
facilities used or intended primarily for the delivery of health care services,
including, without limitation, any active adult communities, independent living
facilities, assisted living facilities, skilled nursing facilities, inpatient
rehabilitation facilities, ambulatory surgery centers, medical office
buildings, hospitals of any kind, or any similar types of facilities or
projects.  The Employee will be deemed to be engaged in such competitive
business activities if he participates in such a business enterprise as an
employee, officer, director, consultant, agent, partner, proprietor, or other
participant; provided that the ownership of no more than two percent (2%) of
the stock of a publicly traded Company engaged in a competitive business shall
not be deemed to be engaging in competitive business activities. For the
avoidance of doubt, (i) enterprises that compete with the Company are set forth
in the Letter; and (ii) Employee will not be employed by or provide any
consulting or other services for entities as set forth in the Letter.  The
Employee will be deemed to be engaged in such competitive business activities
if Employee participates in such a business enterprises as an employee,
officer, director, consultant, agent, partner, proprietor, or other
participant; proved that the ownership of no more than two percent of the stock
of a publicly traded corporation engaged in a competitive business shall not be
deemed to be engaged in competitive business activities.   

 

To assist Company in its reasonable enforcement of
this provision, during the Restrictive Period, Employee will provide Company
with written notice at least five (5) business days prior to accepting any
employment or engagement as a consultant or contractor with a third party. 
Such notice will include, at a minimum, the name and a description of the
business of the prospective employer or engaging entity, as well as the
proposed title and responsibilities of Employee.

 

b.                 
Employee shall not, during the
Restricted Period, solicit any employee or full time consultant of the Company
for purposes of hiring or retaining such employee or consultant.  

 

c.         Employee understands and agrees that during
the course of his employment with the
Company, Employee had access, in a position of trust and as a fiduciary, to
proprietary and/or confidential information of the Company.  Employee agrees that Employee will not, at any time,
disclose, divulge, transfer or provide access to, or use for the benefit of,
any third party outside the Company (or any Releasee), any Proprietary
Information of the Company without prior authorization of the Company. “Proprietary Information” shall mean any and all information or
material of the Company and/or any Releasee which is not generally available to
or used by others, or the utility or value of which is not generally known or
recognized as standard practice, whether or not the underlying details are in
the public domain, including, without limitation: (i) information or material
relating to the Company and/or any Releasee and its business as conducted or
anticipated to be conducted; target clients, investment criteria, business or
strategic plans; operations; past, current or anticipated investments,
acquisitions, developments, services, products or software; customers or
prospective customers; underwriting,  capital or analytical models or
protocols; relations with business partners or prospective business partners;
or research, development, property management, investment, purchasing,
accounting, or marketing activities; (ii) information or material relating to
the Company’s and/or any of Releasee’s properties, facilities, improvements,
investments, discoveries, “know-how,” energy programs, technological
developments, or unpublished writings or other works of authorship, or to the
materials, contacts, techniques, processes, plans or methods used in the
origination, 

 

 

 

 

 

development, management or marketing of
the Company’s and/or any Releasee’s facilities, properties, investments,
services, products or software; (iii) information on or material relating to
the Company and/or any Releasee which when received is marked as “proprietary,”
“private,” or “confidential” or which a reasonable person would recognize as
proprietary, private or confidential; (iv) trade secrets of the Company and/or
any Releasee; (v) information regarding the Company’s transactions, transaction
structures, relationships, customers and clients; (vi) software of the Company
and/or any Releasee in various stages of development, software designs,
web-based solutions, specifications, programming aids, programming languages,
interfaces, visual displays, technical documentation, user manuals, data files
and databases of the Company and/or any Releasee; and (vii) any similar
information of the type described above which the Company and/or any Releasee
obtained from another party and which the Company and/or the Releasee treats as
or designates as being proprietary, private or confidential, whether or not
owned or developed by the Company and/or the Releasee.  Notwithstanding the
foregoing, “Proprietary Information” does not include any information which is
properly published or in the public domain; provided, however, that information
which is published by or with the aid of Employee outside the scope of
employment or contrary to the requirements of this Separation  Agreement will
not be considered to have been properly published, and therefore will not be in
the public domain for purposes of this Separation  Agreement.

 

d.         Employee acknowledges and
agrees that the provisions of this paragraph of the Separation Agreement are
reasonable and appropriate in all respects, and in the event of any violation
by Employee of any such provisions, the Company
would suffer irreparable harm and its remedies at law would be inadequate. 
Accordingly, in the event of any violation or attempted violation of any such
provisions by Employee, the Company shall be
entitled to a temporary restraining order, temporary and permanent injunctions,
specific performance, and other equitable relief.  Employee agrees to indemnify
and hold the Company harmless from and
against any and all loss, cost, damage, or expense, including without
limitation, attorneys’ fees that arise out of any breach by Employee of this
Separation Agreement.  All rights and remedies of the
Company under this Separation Agreement are cumulative and in addition
to all other rights and remedies which may be available to the Company from time to time, under any other
agreement, at law, or in equity.

 

e.         The Parties agree that if
the scope and enforceability of any covenant contained within this Paragraph 7
is in anyway disputed, a court of competent jurisdiction (as described in
Paragraph 14, below) may modify and enforce the covenant to the extent that the
court determines that the covenant is reasonable under the circumstances
existing at that time.   

8.         Nondisparagement and
Neutral Reference.  Employee will not make, participate in the making
of, or encourage any other person to make public statements, written or oral or
by any other method of communication (including but not limited to emails,
social media sites, message boards or web postings) which are intended to
criticize, disparage or defame the good will or reputation of the Company, its
investments,  products or services or any of its employees or former employees,
officers or directors, except as may be specifically protected or required by
law.  The Company shall instruct those who are Executive Officers and Senior
Vice Presidents of the Company as of the date of Employee’s execution of this
Agreement not to make or publish, whether orally, or
in written or electronic form, any false or disparaging statements or comments
which in any way relate to, refer to, or otherwise concern Employee.  

 

            To the extent
inquiries regarding Employee’s employment with Company are directed to Erin
Ibele, Senior Vice President - Administration,
prospective employers will be provided the dates of  Employee’s employment, his
last salary, his volume of acquisitions and his position with Company.  

9.         Cooperation
after Termination.  Employee agrees to give
prompt written notice to the Company of any
claim or injury relating to the Company, and to fully cooperate in good faith
and to the best of Employee’s ability with Company in connection with all
pending, potential or future claims, investigations or actions that directly or
indirectly relate to any transaction, event or activity about which the
Employee may have knowledge because of Employee’s employment with Company, as
long as such cooperation is scheduled by the Company, to the extent possible,
to require only occasional efforts and to not conflict with any future
employment. Such cooperation shall include all assistance that the Company, its
counsel, or its representatives may reasonably request, including reviewing and
interpreting documents, meeting with counsel, providing factual information and
material, and appearing or testifying as a witness, as long as the Company
provides legal representation.  The Company agrees to make every
reasonable effort to provide Employee with reasonable notice in the event his participation is required and to reimburse
Employee for reasonable out-of-pocket costs incurred by 

 

 

 

 

 

Employee
as the direct result of his
participation, provided that such out-of-pocket costs are supported by appropriate documentation and have prior
authorization of the Company. 

 

10.       Confidentiality
and Return of Property.   

 

            a.          Except to the extent that the
Company has disclosed any of the terms hereof as required under any applicable
securities or other laws or regulations, Employee
agrees not to disclose any information regarding the existence or substance of
this Separation Agreement, other than to Employee’s current or former spouse,
significant other, tax advisor, and/or any attorney with whom Employee chooses
to consult regarding Employee’s consideration of this Separation Agreement, or
as otherwise specifically protected or required by law.  Employee specifically
agrees that a breach of this provision by Employee’s current or former spouse,
significant other, tax advisor, and/or attorney shall be deemed a breach by
Employee.  Employee affirms that Employee has not made any disclosure
prohibited by this Paragraph prior to signing this Separation Agreement.    

 

b.         The Parties agree that nothing in this
Separation Agreement is intended to limit or prohibit, or shall be construed as
limiting or prohibiting, either Party from providing information in response to
a lawfully issued subpoena or otherwise complying with any legal requirement. 
Employee further agrees that Employee will not provide information or testimony
in any court action against Company except pursuant to a lawful subpoena and
that Employee will notify Company of any subpoena or informal request to
testify in Court that Employee receives within 3 business days after Employee’s
receipt of such subpoena or informal request. 

 

c.         The Parties further agree that the
existence and substance of this Separation Agreement also may be disclosed in
order to enforce its terms. 

 

            d.         Employee
affirms that Employee has returned all of Company’s property, documents
(including paper and electronic versions), and/or any confidential information
in Employee’s possession or control.  Employee also affirms that Employee is in
possession of all of Employee’s property that Employee had at Company’s
premises and that Company is not in possession of any of Employee’s property.

 

11.       Code Section 409.  To the extent applicable, it is intended that
this Separation Agreement comply with or, as applicable, constitute a
short-term deferral or otherwise be exempt from the provisions of Section 409A
of the Internal Revenue Code of 1986, as amended, and the regulations and
guidance promulgated thereunder ("Section 409A").  This
Agreement will be administered and interpreted in a manner consistent with this
intent, and any provision that would cause this Separation Agreement to fail to
satisfy Section 409A will have no force and effect until amended to comply
therewith (which amendment may be retroactive to the extent permitted by
Section 409A).  Employee and Company agree that this termination
of employment shall be considered a "separation from service" from
the Company within the meaning of Section 409A.  To the extent required in
order to avoid accelerated taxation and/or tax penalties under Section 409A,
amounts and benefits payable pursuant to this Separation Agreement that
are not short-term deferrals or otherwise exempt from Section 409A, which would
otherwise be provided during the six month period immediately following
Employee's separation from service, shall instead be paid on the first business
day after the date that is six months following Employee's termination of
employment (or upon death, if earlier).  In addition, for purposes of this
Separation Agreement, each amount to be paid or benefit to be provided to
Employee pursuant to this Separation Agreement shall be construed as a separate
identified payment for purposes of Section 409A.   Any reimbursement or advancement payable to
Employee pursuant to this Separation Agreement shall be conditioned on the
submission by Employee of all expense reports reasonably required under any
applicable expense policy.  Any amount of expenses eligible for reimbursement,
or in-kind benefit provided, during a calendar years shall not affect the
amount of expenses eligible for reimbursement, on in-kind benefit provided,
during any other calendar year.  The right to any reimbursement or in-kind
benefit pursuant to this Separation Agreement shall not be subject to
liquidation or exchange for any other benefit. 

 

12.       Consequences
of Breach.   Employee acknowledges and agrees that in the event he
should breach or violate any provision of this Separation Agreement, including
but not limited to the obligations of strict confidentiality,
non-disparagement, non-solicitation and non-competition, Employee shall be
subject to legal action for such breach or 

 

 

 

 

 

violation
and may be held liable to the Company and/or one or more of the Releasees for
contractual and/or other legal or equitable remedies, including return of all
Severance Pay and benefits  provided under Paragraphs 2 and 3 of this
Separation Agreement.

 

13.       Successors and Assigns. 
This Separation 
Agreement will inure to the benefit of successors and assigns of the Company.  Notwithstanding anything contained in this Separation  Agreement to the contrary, the Company may assign this Separation
Agreement and its rights, together with its obligations, hereunder in
connection with any sale, transfer or other disposition of all or substantially
all of its assets or business, whether by merger, consolidation or otherwise.  Such assignment includes
the assignment of rights and contractual duties. Employee does not have
any right to assign Employee’s rights or delegate Employee’s obligations under
this Separation Agreement to anyone.

 

14.       Governing
Law and Interpretation.  This Separation
Agreement shall be governed and conformed in accordance with the laws of Ohio
without regard to its conflict of laws provisions.  In the event of a breach of
any provision of this Separation Agreement, either Party may institute an
action specifically to enforce any term or terms of this Separation Agreement
and/or to seek any damages for breach.  Employee agrees that, in connection
with any action, suit or other proceeding in connection with, arising out of or
relating to this Separation Agreement all disputes shall be exclusively
resolved by courts of competent jurisdiction sitting in Lucas County, Ohio, or
the United States District Court for the Northern District of Ohio, as may be
appropriate.   Employee hereby: (a) submits to the exclusive personal
jurisdiction of such courts; (b) consents to service of process in connection
with any action, suit or proceeding against Employee; and (c) waives any other
requirement (whether imposed by statute, rule of court or otherwise) with
respect to personal jurisdiction, venue or service of process.  

 

15.       Severability.  
Should any provision of this Separation Agreement (other than the provisions of
Paragraph 7, which shall be governed by the reformation provisions of Paragraph
7e) be declared illegal or unenforceable by any court of competent jurisdiction
and should such provision be unable to be modified to be enforceable, excluding
the general release language, such provision shall immediately become null and
void, leaving the remainder of this Separation Agreement in full force and
effect.  

 

16.       Nonadmission
of Wrongdoing.  The Parties agree that neither this Separation
Agreement nor the furnishing of the consideration for this Separation Agreement
shall be deemed or construed at any time for any purpose as an admission by
Releasees of wrongdoing or evidence of any liability or unlawful conduct
of any kind. 

 

17.       Amendment. 
This Separation Agreement may not be modified, altered or changed except in
writing and signed by both Parties wherein specific reference is made to this
Separation Agreement. 

 

18.       Miscellaneous. 

 

            a.         This
Separation Agreement may be signed in counterparts, both of which shall be
deemed an original, but both of which, taken together shall constitute the same
instrument.  A signature made on a faxed or electronically mailed copy of the
Separation Agreement or a signature transmitted by facsimile or electronic mail
shall have the same effect as the original signature.

 

            b.         The
section headings used in this Separation Agreement are intended solely for
convenience of reference and shall not in any manner amplify, limit, modify or
otherwise be used in the interpretation of any of the provisions hereof.

            c.         If
Employee or Company fails to enforce this Separation Agreement or to insist on
performance of any term, that failure does not mean a waiver of that term or of
the Separation Agreement.  The Separation Agreement remains in full force and
effect.

19.       Entire Agreement.  This
Separation Agreement sets forth the entire agreement between the Parties
hereto, and fully supersedes any prior agreements or understandings between the
Parties. Employee acknowledges that Employee has not relied on any
representations, promises, or agreements of any kind made to Employee in
connection with Employee’s 

 

 

 

 

 

decision to accept this
Separation Agreement, except for those set forth in this Separation Agreement.

 

20.       Joint Participation and Negotiation of Agreement.   Each party has had
the opportunity to obtain the advice of legal counsel and to review, comment
upon, and negotiate this Separation 
Agreement.  Accordingly, it is agreed that no rule of construction shall apply
against any Party or in favor of any Party.  This Separation  Agreement shall be construed in light of the fact that the
Parties jointly prepared this Separation 
Agreement, and any uncertainty or ambiguity shall not be interpreted against
any one Party and in favor of the other.

 

21.      
EMPLOYEE IS ADVISED THAT HE HAS UP
TO TWENTY-ONE (21) CALENDAR DAYS TO REVIEW AND CONSIDER THIS SEPARATION
AGREEMENT.  EMPLOYEE ALSO IS ADVISED TO CONSULT, AND AFFIRMS THAT HE HAS
CONSULTED, WITH HIS ATTORNEY PRIOR TO SIGNING THIS SEPARATION AGREEMENT. 

 

EMPLOYEE
MAY REVOKE THIS SEPARATION AGREEMENT FOR A PERIOD OF SEVEN (7) CALENDAR DAYS
FOLLOWING THE DAY HE SIGNS THIS SEPARATION AGREEMENT.  ANY REVOCATION WITHIN
THIS PERIOD MUST BE SUBMITTED, IN WRITING, TO ERIN IBELE, SVP, ADMINISTRATION
AND CORPORATE SECRETARY, HEALTH CARE REIT, INC. AND STATE, “I, JOHN THOMAS,
HEREBY REVOKE MY ACCEPTANCE OF THE SEPARATION AGREEMENT AND GENERAL RELEASE.”
THE REVOCATION MUST BE SENT BY CERTIFIED U.S. MAIL TO ERIN IBELE, SVP,
ADMINISTRATION AND CORPORATE SECRETARY, HEALTH CARE REIT, INC., 4500 DORR
STREET, TOLEDO, OHIO 43615-4040, AND POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS
AFTER EMPLOYEE SIGNS THIS SEPARATION AGREEMENT.

 

EMPLOYEE
AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS SEPARATION AGREEMENT, DO NOT RESTART OR AFFECT IN ANY
MANNER THE ORIGINAL UP TO TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.

 

EMPLOYEE,
FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS SEPARATION
AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR
MIGHT HAVE AGAINST RELEASEES AS OF THE DATE OF EXECUTION OF THIS SEPARATION
AGREEMENT.

 

The
Parties knowingly and voluntarily sign this Confidential Separation Agreement
and General Release as of the date(s) set forth below:

 

                                                                                    Health
Care REIT, Inc.

 

By:
/s/ John Thomas                                                    By:
/s/ Erin Ibele                                                                                                     
  

            John
Thomas                                                   Erin Ibele         

                                                                                    SVP,
Administration and Corporate Secretary

 

Date:
July 25, 2012                                                     Date:
July 25, 2012

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]