Document:

Form of Performance Share Award Agreement

 Exhibit 10.5 
 NATIONWIDE HEALTH PROPERTIES, INC. 
 2005 PERFORMANCE INCENTIVE PLAN 
 PERFORMANCE SHARE AWARD AGREEMENT 
 THIS PERFORMANCE SHARE AWARD AGREEMENT (this “Agreement”) dated _____________________ by and between Nationwide Health Properties, Inc., a Maryland corporation (the “Corporation”), and
___________________________ (the “Participant”) evidences the award of Performance Shares (the “Award”) granted by the Corporation to the Participant as to the number of performance shares (the “Performance
Shares”) first set forth below. 
  

			
	Number of Performance Shares:                     	  	Award Date: [                    ]
		
	Performance Period: [January 1, 2007 — December 31, 2009]	  	
	
	Vesting: The Award shall vest and become nonforfeitable on
[                    ], subject to attainment of performance goals set forth on Exhibit A to the attached Terms and Conditions of Performance Share
Award (the “Terms”).

 The Award is granted under the Nationwide Health Properties, Inc. 2005 Performance Incentive Plan
(the “Plan”) and subject to the Terms attached to this Agreement (incorporated herein by this reference) and to the Plan. The Award has been granted to the Participant in addition to, and not in lieu of, any other form of
compensation otherwise payable or to be paid to the Participant. Capitalized terms are defined in the Plan if not defined herein. The parties agree to the terms of the Award set forth herein. The Participant acknowledges receipt of a copy of the
Terms, the Plan and the Prospectus for the Plan. 
  

									
	“PARTICIPANT”	 		 	 NATIONWIDE HEALTH PROPERTIES, INC.
 a
Maryland corporation

				
	 	 		 		 	
	Signature	 		 	By:	 	 
					
	 	 	 	 		 		 	
	Print Name	 		 	Print Name:	 	 
		 		 		 		 	
		 		 		 	Title:	 	 
		 		 		 		 	

 CONSENT OF SPOUSE 
 In consideration of the Corporation’s execution of this Agreement, the undersigned spouse of the Participant agrees to be bound by all of the terms
and provisions hereof and of the Plan. 
  

					
			
	  	 		 	  
	Signature of Spouse	 		 	Date

 TERMS AND CONDITIONS OF PERFORMANCE SHARE AWARD 
  

	1.	Performance Shares.

 As used herein, the term
“performance share” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Corporation’s Common Stock (subject to adjustment as provided in
Section 7.1 of the Plan) solely for purposes of the Plan and this Agreement. The Performance Shares shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Performance Shares vest
pursuant to Section 2. The Performance Shares shall not be treated as property or as a trust fund of any kind. 
  

	2.	Vesting.

 Subject to Section 7, the
Award shall vest and become nonforfeitable based on the achievement of the performance goals established by the Committee and set forth on Exhibit A attached hereto for the Performance Period identified on the cover page of this Agreement. The
number of Performance Shares that vest and become payable under this Agreement shall be determined based on the level of results or achievement of the targets set forth on Exhibit A. Subject to Section 7, any Performance Shares subject to the
Award that do not vest in accordance with Exhibit A shall terminate as of the last day of the Performance Period. 
  

	3.	Continuance of Employment.

 Except as
otherwise expressly provided in Section 7 below, the vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and
benefits under this Agreement; and employment or service for only a portion of any vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits
upon or following a termination of employment or services as provided in Section 7 below or under the Plan for such vesting period (or for any later vesting period). 
 Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the Corporation, affects the Participant’s status as an employee at will who is subject to termination without
cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or services,
or affects the right of the Corporation or any Subsidiary to increase or decrease the Participant’s other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the
Participant without his consent thereto. 
  

	4.	Limitations on Rights Associated with Performance Shares.

 The Participant shall have no rights as a stockholder of the Corporation, no dividend rights and no voting rights with respect to the Performance Shares and any shares of Common Stock underlying or issuable in respect
of such Performance Shares until such shares of Common Stock 

 
are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date
is prior to the date of issuance of the stock certificate. 
  

	5.	Restrictions on Transfer. 

 Neither the
Award, nor any interest therein or amount or shares payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of, alienated or encumbered, either voluntarily or involuntarily. The transfer restrictions in the
preceding sentence shall not apply to (a) transfers to the Corporation, or (b) transfers by will or the laws of descent and distribution. 
  

	6.	Timing and Manner of Payment of Performance Shares.

 As soon as administratively practicable following the last day of the Performance Period, and in no event later than the later of (i) the 15th day of the third month following the end of Participant’s taxable year in which the
last day of the Performance Period occurs or (ii) the 15th day of the third month following the end of the Corporation’s taxable year in which the last day of the Performance Period occurs, the Corporation shall deliver to the Participant
a number of shares of Common Stock (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Corporation in its discretion) equal to the number of Performance Shares subject to
the Award (if any) that vest in accordance with Section 2, unless such Performance Shares terminated prior to the given vesting date pursuant to Section 7. The Corporation’s obligation to deliver shares of Common Stock with respect to
vested Performance Shares is subject to the condition precedent that the Participant or other person entitled under the Plan to receive any shares with respect to the vested Performance Shares deliver to the Corporation any representations or other
documents or assurances required pursuant to Section 8.1 of the Plan. The Participant shall have no further rights with respect to any Performance Shares that are paid or that are terminated pursuant to Section 7. 
  

	7.	Effect of Change in Control or Termination of Employment.

 7.1 Effect of Change in Control. In the event of the occurrence, at any time after the Award Date and prior to the end of the Performance Period, of a dissolution of the Corporation or other event
described in Section 7.1 of the Plan (which generally covers certain mergers or similar reorganizations) that the Corporation does not survive (or does not survive as a public company in respect of its Common Stock) or a Change in Control Event
(an “Acceleration Event”), then the Performance Period shall terminate immediately prior to such Acceleration Event, and the number of Performance Shares subject to the Award that shall vest upon such Acceleration Event shall be
determined in accordance with Exhibit A based on the Corporation’s actual performance for the shortened Performance Period. Any Performance Shares subject to the Award that do not vest after giving effect to the preceding sentence shall
terminate as of the occurrence of such Acceleration Event. Any Performance Shares subject to the Award that vest upon the Acceleration Event shall become payable on or as soon as administratively practicable following the Acceleration Event, and in
no event later than the later of (i) the 15th day of the third month following the end of Participant’s taxable year in which the Acceleration Event occurs or (ii) the 15th day of the third month following the end of the
Corporation’s taxable year 

 
in which the Acceleration Event occurs, in accordance with the applicable provisions of Section 6, provided, however, that if the Acceleration Event is
not a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Corporation (each as determined in accordance with Section 409A of
the Code), to the extent necessary to avoid the imposition of any taxes under Section 409A of the Code, any Performance Shares that vest under this Section 7.1 shall not become payable pursuant to this Section until the earliest of
(A) the date the Acceleration Event (or a subsequent Acceleration Event) qualifies as a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the
assets” of the Corporation (each as determined in accordance with Section 409A of the Code), (B) the original payment date under Section 6 or (C) the date the Participant has a Severance Date (as defined below). Any payments
made pursuant to (A), (B) or (C) shall be made as soon as practicable, and in no event later than sixty (60) days following the occurrence of such event. 
 7.2 Effect of Termination of Participant’s Employment or Services. If the Participant ceases to be employed by or ceases to provide services to the Corporation or a Subsidiary, the following rules
shall apply (the last day that the Participant is employed by or provides services to the Corporation or a Subsidiary that qualifies as a “separation from service” under Section 409A of the Code is referred to as the
Participant’s “Severance Date”): 
  

	 	•	 	 other than as expressly provided below in this Section 7.2, the Participant’s Performance Shares, to the extent unvested on the Severance Date, shall
terminate as of the Severance Date; 

  

	 	•	 	 if the termination of the Participant’s employment or services is the result of the Participant’s death or Total Disability (as defined below),
(a) the Performance Period shall terminate immediately prior to the Severance Date; (b) the Participant’s Performance Shares shall be subject to pro-rata vesting such that the number of Performance Shares subject to the Award that
shall become vested as of the Severance Date shall equal (i) the number of Performance Shares subject to the Award that vest in accordance with Exhibit A based on the Corporation’s actual performance for the shortened Performance Period,
multiplied by (ii) a fraction, the numerator of which shall be the number of days during the original Performance Period the Participant was employed by or rendered services to the Corporation, and the denominator of which shall be the number
of days in the original Performance Period; (c) any Performance Shares subject to the Award that do not vest in accordance with the foregoing clause (b) shall terminate as of the Severance Date; and (d) any Performance Shares subject
to the Award that vest in accordance with the foregoing clause (b) shall become payable on or as soon as administratively practicable following the Severance Date, and in no event later than the later of (i) the 15th day of the third month
following the end of Participant’s taxable year in which the Severance Date occurs or (ii) the 15th day of the third month following the end of the Corporation’s taxable year in which the Severance Date occurs, in accordance with the
applicable provisions of Section 6; 

  

	 	•	 	 if the termination of the Participant’s employment or services is the result of the 

	 	 
Participant’s Retirement (as defined below), (a) the Participant’s Performance Shares, to the extent not previously terminated as of the
Severance Date, shall continue to be eligible to vest (in accordance with clause (b) immediately below) and become payable following the Severance Date in accordance with Sections 2 and 6; (b) the Participant’s Performance Shares
shall be subject to pro-rata vesting such that the number of Performance Shares subject to the Award that shall become vested as of the conclusion of the Performance Period shall equal (i) the number of Performance Shares subject to the Award
that would have vested as of the conclusion of the Performance Period in accordance with Exhibit A or if applicable, Section 7 (assuming no termination of employment had occurred), multiplied by (ii) a fraction, the numerator of which
shall be the number of days during the Performance Period the Participant was employed by or rendered services to the Corporation, and the denominator of which shall be the number of days in the normal Performance Period (determined without regard
to any reduction in the length of the Performance Period pursuant to Section 7); (c) any Performance Shares subject to the Award that do not vest in accordance with the foregoing clause (b) shall terminate as of the last day of the
Performance Period; and (d) any Performance Shares subject to the Award that vest in accordance with the foregoing clause (b) shall become payable pursuant to this Section 7.2 after the earlier of, as soon as practicable, and in no
event later than sixty (60) days following (A) the original payment date under Section 6 or (B) the date of a “change in the ownership,” a “change in the effective control” or a “change in the ownership
of a substantial portion of the assets” of the Corporation (each as determined in accordance with Section 409A of the Code); and 

  

	 	•	 	 if the Participant is entitled to accelerated vesting of the Performance Shares in connection with the termination of the Participant’s employment pursuant to
a written employment, change in control or similar agreement with the Corporation, to the extent permitted by Section 409A of the Code, any Performance Shares becoming so vested shall become payable on or as soon as administratively practicable
following the Severance Date, and in no event later than the later of (i) the 15th day of the third month following the end of Participant’s taxable year in which the Severance Date occurs or (ii) the 15th day of the third month
following the end of the Corporation’s taxable year in which the Severance Date occurs, in accordance with the applicable provisions of Section 6. 

 If any unvested Performance Shares are terminated hereunder, such Performance Shares shall automatically terminate and be cancelled as of the applicable
termination date without payment of any consideration by the Corporation and without any other action by the Participant, or the Participant’s beneficiary or personal representative, as the case may be. 
 For purposes of the Award, “Total Disability” means a Participant’s inability to engage in any substantial gainful activity
necessary to perform his or her duties hereunder by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a continuous period of not less than
twelve (12) months. 

 For purposes of the Award, “Retirement” means a termination of employment or services by
the Participant that occurs both (a) upon or after the Participant’s attainment of age 60 and (b) upon or after the Participant’s completion of five years of service to the Corporation and its Subsidiaries (such years of service
determined in accordance with the rules for determining years of service under the Corporation’s 401(k) plan). 
  

	8.	Adjustments Upon Specified Events.

 Upon the
occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Administrator shall make adjustments in the number
of Performance Shares then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend paid on the Common Stock. Furthermore, the
Administrator shall adjust the performance measures and performance goals referenced in Exhibit A hereof to the extent (if any) it determines that the adjustment is necessary or advisable to preserve the intended incentives and benefits to reflect
(1) any material change in corporate capitalization, any material corporate transaction (such as a reorganization, combination, separation, merger, acquisition, or any combination of the foregoing), or any complete or partial liquidation of the
Corporation, (2) any change in accounting policies or practices, (3) the effects of any special charges to the Corporation’s earnings, or (4) any other similar special circumstances. 
  

	9.	Tax Withholding.

 Subject to Section 8.1
of the Plan and such rules and procedures as the Administrator may impose, upon any distribution of shares of Common Stock in respect of the Award, the Corporation shall automatically reduce the number of shares to be delivered by (or otherwise
reacquire) the appropriate number of whole shares, valued at their then fair market value (with the “fair market value” of such shares determined in accordance with the applicable provisions of the Plan), to satisfy any withholding
obligations of the Corporation or its Subsidiaries with respect to such distribution of shares at the minimum applicable withholding rates; provided, however, that the foregoing provision shall not apply in the event that the Participant has,
subject to the approval of the Administrator, made other provision in advance of the date of such distribution for the satisfaction of such withholding obligations. In the event that the Corporation cannot legally satisfy such withholding
obligations by such reduction of shares, or in the event of a cash payment or any other withholding event in respect of the Award, the Corporation (or a Subsidiary) shall be entitled to require a cash payment by or on behalf of the Participant
and/or to deduct from other compensation payable to the Participant any sums required by federal, state or local tax law to be withheld with respect to such distribution or payment. 
  

	10.	Notices.

 Any notice to be given under the
terms of this Agreement shall be in writing and addressed to the Corporation at its principal office to the attention of the Secretary, and to the Participant at the Participant’s last address reflected on the Corporation’s records, or at
such other address as either party may hereafter designate in writing to the other. Any such notice shall be given only when received, but if the Participant is no longer an employee of the Corporation, shall be 

 
deemed to have been duly given by the Corporation when enclosed in a properly sealed envelope addressed as aforesaid, registered or certified, and deposited
(postage and registry or certification fee prepaid) in a post office or branch post office regularly maintained by the United States Government. 
  

	11.	Plan 

 The Award and all rights of the
Participant under this Agreement are subject to, and the Participant agrees to be bound by, all of the terms and conditions of the provisions of the Plan, incorporated herein by reference. In the event of a conflict or inconsistency between the
terms and conditions of this Agreement and of the Plan, the terms and conditions of the Plan shall govern. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise
expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set
forth herein or are otherwise in the sole discretion of the Administrator so conferred by appropriate action of the Administrator under the Plan after the date hereof. 
  

	12.	Construction; Section 409A. 

 It is
intended that the terms of the Award will not result in the imposition of any tax liability pursuant to Section 409A of the Code. This Agreement shall be construed and interpreted consistent with that intent. Notwithstanding any provision to
the contrary in this Agreement, to the extent necessary to avoid the imposition of any taxes under Section 409A of the Code, no payment or distribution under this Agreement that becomes payable by reason of a Participant’s termination of
employment with the Corporation will be made to such Participant unless such Participant’s termination of employment constitutes a “separation from service” (as such term is defined in Section 409A of the Code). For purposes of
this Agreement, each amount to be paid or benefit to be provided shall be construed as a separate identified payment for purposes of Section 409A of the Code. If a Participant is a “specified employee” as defined in Section 409A
of the Code and, as a result of that status, any portion of the payments under this Agreement would otherwise be subject to taxation pursuant to Section 409A of the Code, such Participant shall not be entitled to any payments upon a termination
of his or her employment until the earlier of (i) the expiration of the six (6)-month period measured from the date of such Participant’s “separation from service” (within the meaning of Section 409A of the Code) or
(ii) the date of such Participant’s death. Upon the expiration of the applicable Section 409A deferral period, all payments and benefits deferred pursuant to this Section (whether they would have otherwise been payable in a single sum
or in installments in the absence of such deferral) shall be paid or reimbursed to such Participant in a lump sum as soon as practicable, but in no event later than ten (10) days (or if the payment is being made following the Participant’s
death, no later than sixty (60) days following the date of death), following such expired period, and any remaining payments due under this Agreement will be paid in accordance with the normal payment dates specified for them herein.

  

	13.	Entire Agreement; Applicability of Other Agreements.

 This Agreement and the Plan together constitute the entire agreement and supersede all prior
understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Agreement may be amended pursuant to Section 8.6 of the Plan. Such amendment must be in writing and signed by the
Corporation. The Corporation may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Participant hereunder, but no such waiver shall operate as or be construed to be a
subsequent waiver of the same provision or a waiver of any other provision hereof. Notwithstanding the foregoing, if the Participant is subject to a written employment, change in control or similar agreement with the Corporation that is in effect as
of the Participant’s Severance Date and the Participant would be entitled under the express provisions of such agreement to greater rights with respect to accelerated vesting of the Award in connection with the termination of the
Participant’s employment in the circumstances, subject to Section 12 of this Agreement and to the extend permitted by Section 409A of the Code, the provisions of such agreement shall control with respect to such vesting rights, and
the corresponding provisions of this Agreement shall not apply. 
  

	14.	Limitation on Participant’s Rights.

 Participation in this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a
trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary) with respect to amounts credited and
benefits payable in cash, if any, with respect to the Performance Shares, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance Shares, as and when payable
thereunder. 
  

	15.	Counterparts.

 This Agreement may be executed
simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
  

	16.	Section Headings.

 The section headings of
this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof. 
  

	17.	Governing Law.

 This Agreement shall be
governed by and construed and enforced in accordance with the laws of the State of Maryland without regard to conflict of law principles thereunder. 

 EXHIBIT A 
 PERFORMANCE GOALS 
 Subject to Section 7 of the Terms, the Award shall vest and become
nonforfeitable with respect to the “Applicable Percentage” of the total number of Performance Shares subject to the Award (subject to adjustment under Section 7.1 of the Plan) set forth in the chart below based on the
Corporation’s Relative TSR Performance (as each such term is defined below) for the Performance Period; provided, however, that, notwithstanding the foregoing, if the Corporation’s TSR for the Performance Period is less than zero percent
(0%), the Applicable Percentage shall never exceed one hundred percent (100%): 
  

			
	 Relative TSR Performance
	  	Applicable
Percentage
	 100th
Percentile
	  	200%
	 90th
Percentile
	  	170%
	 80th
Percentile
	  	140%
	 70th
Percentile
	  	110%
	 60th
Percentile
	  	80%
	 50th
Percentile or Less
	  	50%

 If the Corporation’s Relative TSR
Performance for the Performance Period is between two of the performance levels indicated above, the Applicable Percentage of the Performance Shares that will vest will be determined on a linear basis. For example, if the Corporation’s Relative
TSR Performance for the Performance Period were at the 95th percentile, then 185% of the Performance Shares would vest. Any Performance Shares that
do not vest based on the performance requirements set forth in this Exhibit A will automatically terminate as of the last day of the Performance Period. 
 For purposes of the Award, the following definitions shall apply: 
  

	 	•	 	 “TSR” means, with respect to the Corporation or any other entity: (a) the change in the market price of its common stock(as quoted on the
principal market on which it is traded and based on the average of the market price for the twenty (20) consecutive trading days immediately preceding the beginning of the Performance Period and for the twenty (20) consecutive trading days
ending with the last day of the Performance Period) plus reinvested dividends and other distributions paid with respect to the common stock during the Performance Period, divided by (b) the average of the market price of the common stock for
the twenty (20) consecutive trading days immediately preceding the beginning of the Performance Period, all of which is subject to adjustment as provided in Section 8 of the Terms; 

  

	 	•	 	 “Relative TSR Performance” means the Corporation’s relative TSR ranking for the Performance Period compared to the TSR ranking of the
individual companies comprising the NAREIT Index as of December 31, [2007] for the Performance Period.Amended and Restated Deferred Compensation Plan

 Exhibit 10.6 
 NATIONWIDE HEALTH PROPERTIES, INC. 
 DEFERRED COMPENSATION PLAN 
 (Effective September 1, 1991, as amended July 1, 1997, 
 and as amended and restated as of October 28, 2008) 

 NATIONWIDE HEALTH PROPERTIES, INC. 
 DEFERRED COMPENSATION PLAN 
 TABLE OF CONTENTS 
  

					
	 ARTICLE I TITLE AND PURPOSE
	  	1
		
	 ARTICLE II DEFINITIONS
	  	2
	 2.1
	  	Definitions	  	2
		
	 ARTICLE III PARTICIPATION
	  	6
		
	 ARTICLE IV DEFERRAL ELECTION
	  	7
	 4.1
	  	Deferral of Compensation	  	7
	 4.2
	  	In-Service Distribution Date	  	8
	 4.3
	  	Irrevocable Election	  	8
		
	 ARTICLE V ACCOUNTS AND INVESTMENT EQUIVALENTS
	  	10
	 5.1
	  	Accounts	  	10
	 5.2
	  	Company Match	  	10
	 5.3
	  	Investment Equivalents	  	11
	 5.4
	  	Investment Options	  	11
		
	 ARTICLE VI VESTING
	  	13
		
	 ARTICLE VII BENEFITS
	  	14
	 7.1
	  	Amount of Benefits	  	14
	 7.2
	  	Method of Payment	  	14
	 7.3
	  	Adjustment of Payments in Case of Unforeseeable Emergency or Hardship	  	14
	 7.4
	  	Company’s Right to Withhold	  	15
		
	 ARTICLE VIII ADMINISTRATION
	  	16
	 8.1
	  	The Plan Committee	  	16
	 8.2
	  	Committee Action	  	16
	 8.3
	  	Rights and Duties	  	16
	 8.4
	  	Indemnity and Liability	  	17
		
	 ARTICLE IX AMENDMENT AND TERMINATION
	  	19
	 9.1
	  	Amendments	  	19
	 9.2
	  	Discontinuance of Plan	  	19
		
	 ARTICLE X MISCELLANEOUS
	  	22

  

 i 

					
	 10.1
	  	Receipt or Release	  	22
	 10.2
	  	Limitation on Participants’ Rights	  	22
	 10.3
	  	Beneficiaries	  	22
	 10.4
	  	Benefits Not Assignable; Obligations Binding Upon Successors	  	23
	 10.5
	  	Forfeiture	  	23
	 10.6
	  	California Law Governs; Severability	  	23
	 10.7
	  	Gender	  	24
	 10.8
	  	Headings Not Part of Plan	  	24
	 10.9
	  	Section 409A	  	24
	 10.10
	  	Non-Qualified Plan Status and ERISA	  	25
	 10.11
	  	Claims Procedures	  	25
	 10.12
	  	Appeals of Denied Claims	  	26
		
	 CERTIFICATION
	  	

  

 ii 

 NATIONWIDE HEALTH PROPERTIES, INC. 
 DEFERRED COMPENSATION PLAN 
 (Effective September 1, 1991, as amended July 1,
1997, 
 and as amended and restated as of October 28, 2008) 
 ARTICLE I 
 TITLE AND PURPOSE 
 This Plan shall be known as the “Nationwide Health Properties, Inc. Deferred Compensation Plan” and shall become effective September 1,
1991. The purpose of this Plan is to provide a long-term performance incentive to employees of Nationwide Health Properties, Inc. and a means of attracting and retaining employees of outstanding abilities. 
  

 1 

 ARTICLE II 
 DEFINITIONS 
 2.1 Definitions. Whenever the following terms are used in this Plan, they shall have the
meaning specified below unless the context clearly indicates to the contrary: 
 Account shall mean the account maintained for each
Participant to reflect the Compensation deferred by the Participant, the Company Match and Investment Equivalents on the Compensation deferred and the Company Match. 
 Board of Directors shall mean the Board of Directors of the Company. 
 Code shall mean the
Internal Revenue Code of 1986, as amended. 
 Company shall mean Nationwide Health Properties, Inc. or its successor or successors.

 Company Match shall mean the additional amount credited to a Participant’s Account as a result of the Participant’s
election to defer Compensation, as described in Section 5.2. 
 Compensation shall mean the base salary and bonuses which, but
for the elections permitted under this Plan, would be payable by the Company to a Participant. 
 Compensation Committee shall mean
the Compensation Committee appointed by the Board of Directors. 
  

 2 

 Disability shall mean the Participant is, by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, unable to engage in any substantial gainful activity or is receiving income replacement benefits
under the terms of an accident and health plan covering directors or employees of the Company. 
 Election and Agreement shall have
the meaning as set forth in Section 4.1. 
 ERISA shall mean the Employee Retirement Income Security Act of 1974, as amended and
the regulations promulgated thereunder. 
 Investment Equivalent shall mean the amount determined by the Plan Committee for each
Participant pursuant to Article V. 
 Investment Option shall mean the options available for the crediting of Investment Equivalents,
as set forth in Article V. 
 In-Service Distribution Date shall mean a date specified by the Participant in a valid Election and
Agreement and as described in Section 4.2. 
 Participant shall mean a member of management or a highly compensated employee of
the Company (including officers and directors) and may include a member of the Plan Committee or Compensation Committee who is also management or a highly compensated 

  

 3 

 
employee of the Company, selected by the Compensation Committee from such management and highly compensated employees as eligible to participate in the Plan.

 Plan shall mean this Nationwide Health Properties, Inc. Deferred Compensation Plan. 
 Plan Committee shall mean the committee appointed by the Compensation Committee to administer this Plan in accordance with Article VIII. The Plan
Committee may be comprised of Participants in this Plan. 
 Plan Year shall mean the calendar year. 
 Separation from Service shall mean the cessation of a Participant’s services as an employee or director of the Company, whether voluntary or
involuntary, for any reason including retirement, Disability or death, where the Company and the Participant reasonably anticipate that no further services of any kind would be performed following such Separation from Service, or that the level of
bona fide services the Participant would perform after such Separation from Service (whether as an employee, director or as an independent contractor) would permanently decrease to no more than 20% of the average level of bona fide services
performed (whether as an employee, director or as an independent contractor) over the immediately preceding thirty six (36)-month period (or, if shorter, the full period of services to the Company). 
 Subsequent Deferral Election shall have the meaning as set forth in Section 4.3. 
  

 4 

 Valuation Date shall mean the last day of each Plan Year. 
  

 5 

 ARTICLE III 
 PARTICIPATION 
 Eligibility for participation in the Plan shall be limited to management and
highly compensated employees of the Company (including officers and directors) and may include members of the Plan Committee or Compensation Committee who are also management or highly compensated employees of the Company. Participants in the Plan
shall be selected by the Compensation Committee from such management and highly compensated employees. 
  

 6 

 ARTICLE IV 
 DEFERRAL ELECTION 
 4.1 Deferral of Compensation. In order to defer receipt of Compensation for any
Plan Year, a Participant must file a written application for participation with the Plan Committee on a form provided by the Plan Committee (the “Election and Agreement”) not later than the December 31st immediately preceding such
Plan Year, stating the (1) dollar amount or percentage per pay period of base salary or bonus award, if any, that the Participant elects to defer and (2) In-Service Distribution Date desired, if any, as described in Section 4.2. A
Participant may also elect Investment Options on a separate form as prescribed by the Plan Committee, as described in Section 5.4. The Participant’s Compensation shall be reduced by the amount so stated and said amount shall be credited to
the Participant’s Account as of the earliest date such Compensation would otherwise be due and payable. 
 Notwithstanding the above, if
an employee or director is first employed or his services engaged by the Company during a Plan Year, and is otherwise eligible and has been selected for Plan participation by the Compensation Committee pursuant to Article III, such Participant may
defer receipt of Compensation for the remainder of that Plan Year by filing an Election and Agreement not later than thirty (30) days after the date he or she was selected for Plan participation (in this case Compensation shall mean base salary
to be earned after the date the Election and Agreement is executed and a pro-rata portion of the Participant’s bonus for such Plan Year based on the date the Election and Agreement is executed). Such Participant’s Compensation for that
Plan Year shall be reduced, commencing with the first full pay period after the date of such Participant’s Election and Agreement, by the amount so stated and said 

  

 7 

 
amount shall be credited to such Participant’s Account as of the earliest date such Compensation would otherwise be due and payable. 
 4.2 In-Service Distribution Date. A Participant may elect an In-Service Distribution Date. Such election shall be made in the Participant’s Election and
Agreement and shall specify the portion or amount of the Participant’s Account to be distributed on such In-Service Distribution Date. Subject to Section 4.3, any election of an In-Service Distribution Date shall be irrevocable, both as to
the date of distribution and as to the amount of the distribution. 
 If a Participant elects an In-Service Distribution Date or a Subsequent
Deferral Election (as defined below) for less than 100% of his Account (determined as of the In-Service Distribution Date or Subsequent Deferral Election, as applicable), the balance of such Participant’s Account remaining after the In-Service
Distribution Date or Subsequent Deferral Election (as may be adjusted pursuant to the Plan) shall be distributed in accordance with Section 7.1. 
 If a Participant has a Separation from Service prior to his In-Service Distribution Date or Subsequent Deferral Election, his In-Service Distribution Date or Subsequent Deferral Election shall not be given effect and
distribution of the Participant’s Account shall be made in accordance with Section 7.1. 
 4.3 Irrevocable Election. An Election and
Agreement shall become binding and irrevocable in all respects upon the execution of such Election and Agreement, and shall remain in effect until modified by the Participant (a “Subsequent Deferral Election”), provided that such
Subsequent Deferral Election shall be made by the Participant prior to the last permissible date 

  

 8 

 
for making such election. Notwithstanding the foregoing, a Participant may make a Subsequent Deferral Election after the last permissible date for making
such election provided that: 
 (i) such Subsequent Deferral Election will not take effect until at least twelve
(12) months after the date on which the Subsequent Deferral Election is made; 
 (ii) the payment with respect to such
Subsequent Deferral Election is deferred for a period of not less than five (5) years from the date such payment would otherwise have been paid (or, in the case of (a) a life annuity or (b) installment payments treated as a single
payment, five (5) years from the date the first amount was scheduled to be paid); and 
 (iii) any Subsequent Deferral
Election related to a payment to be made at a specified time or pursuant to a fixed schedule is made not less than twelve (12) months before the date the payment is scheduled to be paid (or, in the case of (a) a life annuity or
(b) installment payments treated as a single payment, twelve (12) months before the date the first amount was scheduled to be paid). 
  

 9 

 ARTICLE V 
 ACCOUNTS AND INVESTMENT EQUIVALENTS 
 5.1 Accounts. The Plan Committee shall maintain an Account for
each Participant and shall credit such Account with the amounts of Compensation deferred pursuant to Article IV, the Company Match calculated pursuant to Section 5.2 and the Investment Equivalents calculated pursuant to Section 5.3.
Deferred Compensation shall be credited to the Participant’s Account as of the earliest date such Compensation would otherwise be due and payable. 
 5.2 Company Match. The Company Match for 1997 and subsequent years shall be the lesser of the amounts described in (a) or (b) below: 
 (a) one half of the Compensation (other than annual bonus) deferred by the Participant under this Plan for such year. 
 (b) Four percent (4%) of the Participant’s gross Compensation (other than annual bonus) for the same such year as referenced in (a) above. 
 The Committee shall credit the Company Match to a Participant’s Account as of the date deferred Compensation which is eligible for a Company Match
is credited to the Participant’s Account. Gross Compensation means Compensation which would be payable but for a Participant’s election under this Plan, provided that for purposes of calculating the annual limit on the Company Match, any
bonus paid or payable shall not be included in the Participant’s gross Compensation. The Committee shall, if necessary, appropriately adjust the Participant’s Account as of earliest of (1) the last day of the Plan Year, (2) the
date of the Participant’s Separation from Service, (3) an In-Service Distribution Date or (4) such date that a determination is made that 

  

 10 

 
amounts credited under this Section 5.2 would need adjustment to properly reflect the annual limit on the Company Match. 
 5.3 Investment Equivalents. On each Valuation Date, each Participant’s Account shall be credited (or debited) with the appropriate Investment Equivalent. The
Investment Equivalent shall be calculated separately for each Investment Option by determining the investment gain or loss which would have occurred if the Participant’s Account had been invested in the Investment Option specified by the
Participant. In calculating the Investment Equivalents, amounts will be considered invested as of the date such amounts are deemed credited to the Participants’ Accounts under Sections 5.1 and 5.2. 
 5.4 Investment Options. The Investment Equivalent for each such Investment Option shall be determined by the Plan Committee according to the methods described
below. The Plan Committee may add additional Investment Options by adopting written rules which describe the method of determining the Investment Equivalent on such Investment Options. Investment options available under the Plan may include:
(i) a government fund selected by the Plan Committee, which seeks to invest primarily in debt issued by the United States government; (ii) an equity fund selected by the Plan Committee, which seeks to invest primarily in equity securities;
and (iii) a balanced fund selected by the Plan Committee, which seeks to invest primarily in both debt and equity securities, the proportions of which may change from time to time. In addition, the Plan may include an investment option under
which investment gains and losses will be determined according to the securities or funds specified by the Participant, subject to restrictions established by the Plan Committee. 
  

 11 

 Each Participant may designate the Investment Option(s) of his choice by so electing on the form
prescribed by the Plan Committee. Each Participant may change his Investment Option(s) once per quarter at the time and upon such notice as is required by the Plan Committee. The date upon which the Participant’s Accounts shall be credited with
Investment Equivalents corresponding to the Participant’s new Investment Option(s) shall be determined by the Plan Committee. 
 The
Company has no obligation to invest any deferred Compensation in any particular manner. All amounts under the Plan are subject to the creditors of the Company; the Participants and Beneficiaries shall have no rights superior to those of the
unsecured creditors of the Company. 
  

 12 

 ARTICLE VI 
 VESTING 
 The interest of a Participant in his benefits under the Plan shall be 100% vested at
all times, which means that it will not forfeit as a result of his Separation from Service. However, a Participant’s right to be paid by the Company remains subject to the claims of the general creditors of the Company. 
  

 13 

 ARTICLE VII 
 BENEFITS 
 7.1 Amount of Benefits. The Participant (or his Beneficiary in the case of his death) shall
become entitled to payment of his Account upon the earlier of (1) his In-Service Distribution Date or Subsequent Deferral Election, as applicable, (2) a Separation from Service with the Company or (3) an unforeseeable emergency or
hardship as described in Section 7.3, and shall be paid within thirty (30) days following the occurrence of such event. 
 7.2 Method of
Payment. Benefit payments made to a Participant shall be made as a single lump sum payable within thirty (30) days following the time of entitlement to a benefit specified in Section 7.1. 
 7.3 Adjustment of Payments in Case of Unforeseeable Emergency or Hardship. While it is the primary purpose of the Plan to provide funds for the years after
Participants are no longer able to render active service to the Company, it is recognized that in the case of an unforeseeable emergency or hardship, it would be in the best interests of Participants to permit a lump sum payment of accelerated
payments to be made to them. Accordingly, the Plan Committee, in its sole discretion, may, upon written request of a Participant, provide for a cancellation of such Participant’s deferral election in whole or in part, to take account of and
ameliorate an unforeseeable emergency or hardship affecting him or any of his dependents, pursuant to the requirements of Section 409A of the Code. An unforeseeable emergency or hardship shall be an event specified in Treasury Regulation
Section 1.401(k)-1(d)(3). If the Participant requesting such a cancellation of a deferral election is a member of the Plan Committee, he shall not 
  

 14 

 
participate in the decision of the Plan Committee concerning such payment. The amount of any such cancellation of a deferral election shall not exceed the
lesser of: 
 (a) the amount necessary to take account of and ameliorate such unforeseeable emergency or hardship or 
 (b) the entire amount of such Participant’s Account. 
 The remaining portion of such Participant’s Account, if any, shall be distributed according to Sections 7.1 and 7.2 of this Plan prior to the adjustment under this section. This section shall not be construed to
allow distribution under the Plan of amounts greater than those the Participant would have otherwise received, if no adjustment under this section had been made. 
 7.4 Company’s Right to Withhold. The Company shall have the right to deduct from any payment any federal, state or local taxes or deductions required by law to be withheld with respect to such payments. 
  

 15 

 ARTICLE VIII 
 ADMINISTRATION 
 8.1 The Plan Committee. The Plan Committee hereunder shall consist of three or more
persons appointed form time to time by the Compensation Committee. Any member of the Plan Committee may resign by delivering a written resignation to the Compensation Committee. Members of the Plan Committee shall not receive any additional
compensation for administration of the Plan. 
 8.2 Committee Action. The Plan Committee shall, for the purpose of administering the Plan, choose a
Secretary who may be, but is not required to be, a member of the Plan Committee, who shall keep minutes of the Plan Committee’s proceedings and all records and documents pertaining to the Plan Committee’s administration of the Plan. A
member of the Plan Committee shall not vote or act upon any matter which relates solely to himself as a Participant in this Plan. The Secretary may execute any certificate or other written direction on behalf of the Plan Committee. Any act which
this Plan authorizes or requires the Plan Committee to do may be done by a majority of its members. The action of such majority, expressed from time to time by a vote at a meeting or by unanimous written consent of Plan Committee members without a
meeting, shall constitute the action of the Plan Committee. 
 8.3 Rights and Duties. Subject to the limitations of this Plan, the Plan Committee
shall be charged with the general administration of this Plan and the responsibility for carrying out its provisions, and shall have powers necessary to accomplish those purposes, including, but not by way of limitation, the following: 

(a) To construe, interpret and administer the Plan; 
  

 16 

 (b) To determine the Investment Equivalents; 
 (c) To make any other determinations required by this Plan which are not explicitly made the authority of another person or persons by this Plan;

 (d) To compute and certify the amount of benefits payable to Participants; 
 (e) To authorize all payments pursuant to the Plan; 
 (f) To determine the necessity for and the amount of any hardship adjustment pursuant to Section 7.3 of this Plan; 
 (g) To
maintain all the necessary records for the administration of the Plan; 
 (h) To make and publish rules for the administration,
interpretation and regulation of the Plan; and 
 (i) To communicate to each Participant annually, as soon as practicable after the close of
each Plan Year, the value of his Account. 
 All actions taken and all determinations made by the Plan Committee and the Plan
Committee’s calculation of benefits payable to Participants shall be conclusive. In performing its duties, the Plan Committee shall be entitled to rely on information, opinions, reports or statements prepared or presented by: (i) officers
or employees of the Company whom the Plan Committee believes to be reliable and competent as to such matters; and (ii) counsel (who may be counsel to the Company), independent accountants and other persons as to matters which the Plan Committee
believes to be within such persons’ professional or expert competence. The Plan Committee shall be fully protected with respect to any action taken or omitted by it in good faith pursuant to the advice of such persons. 
 8.4 Indemnity and Liability. All expenses of the Plan Committee shall be paid by the Company and the Company shall furnish the Plan Committee with such clerical
and other 
  

 17 

 
assistance as is necessary in the performance of its duties. No member of the Plan Committee shall be liable for any act or omission of any other member of
the Plan Committee nor for any act or omission on his own part, excepting only his own willful misconduct or gross negligence. To the extent permitted by law, the Company shall indemnify and save harmless each member of the Plan Committee against
any and all expenses and liabilities arising out of his membership on the Plan Committee, excepting only expenses and liabilities arising out of his own willful misconduct or gross negligence, as determined by the Board of Directors. 
  

 18 

 ARTICLE IX 
 AMENDMENT AND TERMINATION 
 9.1 Amendments. The Compensation Committee shall have the right to amend
this Plan in whole or in part from time to time by resolutions, and to amend or cancel any amendments; provided, however, that no action under this section shall cancel or otherwise adversely affect in any way any Participant’s rights with
respect to amounts previously allocated to any Participant’s Account. Such amendments shall be stated in an instrument in writing, certified in the same manner and at the time therein set forth, and all Participants shall be bound thereby upon
receipt of notice thereof. 
 9.2 Discontinuance of Plan. It is the expectation of the Company that this Plan shall be continued indefinitely, but
continuance of this Plan is not assumed as a contractual obligation of the Company. In the event that the Board of Directors decides to discontinue and terminate this Plan, it shall notify the Plan Committee of its action in an instrument in
writing, certified in the same manner as this Plan, and this Plan shall be terminated at the time therein set forth, and all Participants shall be bound thereby; provided, however, that no action under this section shall cancel or affect in any way
any Participant’s rights with respect to amounts previously allocated to any Participant’s Account. Upon such termination or discontinuance, the Plan Committee in its sole discretion may elect to immediately pay or commence to pay benefits
to all Participants in a lump sum or in the manner (if any) previously elected by such Participants provided that such termination or discontinuance occurs: 
 (1) within twelve (12) months of a corporate dissolution taxed under Section 331 of the Code, or with the approval of a
bankruptcy court 

  

 19 

 
pursuant to 11 U.S.C. §503(b)(1)(A), provided that the amounts deferred under the Plan are included in the Participants’ gross incomes in the later
of the following years (or, if earlier, the taxable year in which the amount is actually or constructively received): 
 (ii)
the calendar year in which the Plan termination and liquidation occurs; 
 (iii) the first calendar year in which the amount
is no longer subject to a substantial risk of forfeiture; or 
 (iv) the first calendar year in which the payment is
administratively practicable; 
 (2) pursuant to irrevocable action by the Company within the thirty (30) days preceding
or the twelve (12) months following a change in control event (as defined in Treasury Regulation §1.409A-3(i)(5)); provided, however, that all agreements, methods, programs, and other arrangements sponsored by the Company immediately after
the time of the change in control event that can be aggregated with the Plan pursuant to Treasury Regulation §1.409A-1(c)(2)(i) are terminated with respect to each Participant who experienced the change in control event, so that under the terms
of the termination and liquidation, all such participants are required to receive all amounts of compensation deferred under the termination agreements, methods, programs, and other arrangements within 

  

 20 

 
twelve (12) months of the date the Company irrevocably takes all necessary action to terminate and liquidate the agreements, methods, programs, and
other arrangements; or 
 (3) at any time, provided that: 
 (i) the termination does not occur proximate to a downturn in the financial health of the Company; 
 (ii) the Company terminates and liquidates all agreements, methods, programs, and other arrangements that would be aggregated with the
Plan pursuant to Treasury Regulation §1.409A-1(c); 
 (iii) all payments in liquidation of the Plan are made after twelve
(12) months but before twenty-four (24) months of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan other than payments that would be payable under the terms of the Plan if the action to
terminate and liquidate the Plan had not occurred (the “Plan Termination Date”); and 
 (iv) the Company does not
adopt a new plan that would be aggregated with any terminated and liquidated plan under Treasury Regulation §1.409A-1(c) at any time within three (3) years following the Plan Termination Date. 
  

 21 

 ARTICLE X 
 MISCELLANEOUS 
 10.1 Receipt or Release. Any payment to any Participant or Beneficiary in accordance
with the provisions of this Plan shall, to the extent thereof, be in full satisfaction of all claims against the Plan Committee, the Compensation Committee and the Company, and, to the extent permitted by law, the Plan Committee may require such
Participant, as a condition precedent to such payment, to execute a receipt and release to such effect. 
 10.2 Limitation on Participants’
Rights. Participation in this Plan shall not give any Participant the right to be retained in the employ of the Company or any rights or interest other than as herein provided. The employment rights of any Participant or other Employee shall not
be enlarged, guaranteed or affected by reason of any of the provisions of this Plan. The Company reserves the right to dismiss any Participant without any liability for any claim against the Company under this Plan, except for payment of vested
benefits to the extent expressly provided herein. This Plan shall create only a contractual obligation on the part of the Company as to such amounts and shall not be construed as creating a trust or any fiduciary relationship. This Plan, in and of
itself, has no assets and no assets or funds of the Company shall be set aside or otherwise segregated to satisfy the obligations created hereunder. Participants or Beneficiaries shall have only the rights of general unsecured creditors of the
Company with respect to amounts credited and benefits payable, if any, on their Accounts. 
 10.3 Beneficiaries. A Participant shall designate in
writing, on forms prescribed by and filed with the Committee, a Beneficiary or Beneficiaries to receive any payments payable after his death and may at any time amend or revoke any such designation; provided, however, that if a 
  

 22 

 
person other than the Participant’s spouse is designated as a Beneficiary, the Participant’s spouse must sign a statement specifically approving
such designation. If no Beneficiary designation is in effect at the time of a Participant’s death, or in the absence of a spousal approval as hereinabove provided, payments hereunder shall be made to his personal representative. Any payments
which would have been payable to any Participant if he had lived shall be paid to the Participant’s designated Beneficiaries (or, in the absence of any such designation, to his personal representative) according to Section 7.2. 

10.4 Benefits Not Assignable; Obligations Binding Upon Successors. Benefits of a Participant under this Plan shall not be assignable or transferable and any
purported transfer, assignment, pledge or other encumbrance or attachment of any payments or benefits under this plan, other than by operation of law or pursuant to Section 10.3, shall not be permitted or recognized. Obligations of the Company
under this Plan shall be binding upon successors of the Company. 
 10.5 Forfeiture. Any payment or distribution to a Participant or Beneficiary under
the Plan shall be deemed made when mailed by normal first class mail to the last known mailing address of the Participant or Beneficiary. Any Company check used to make a payment pursuant to this Plan which is not cashed within three years shall be
cancelled and the Company shall have no further obligation to the Participant or Beneficiary. Neither the Plan Committee, the Compensation Committee nor the Company shall have any duty to give notice that amounts are payable under the Plan to any
person other than the Participant. 
 10.6 California Law Governs; Severability. The validity of this Plan or any of its provisions shall be
construed, administered and governed in all respects under and by the laws of the State of California to the extent such laws are not preempted by federal law. If any provisions of this 
  

 23 

 
instrument shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall continue to be fully
effective. 
 10.7 Gender. The masculine pronoun and adjective shall be deemed to include the feminine, unless a different meaning is plainly required
by the context. 
 10.8 Headings Not Part of Plan. Headings and subheadings in this Plan are inserted for reference only and are not to be considered
in the construction of the provisions hereof. 
 10.9 Section 409A. For purposes of this Plan, each amount to be paid or benefit to be provided
shall be construed as a separate identified payment for purposes of Section 409A of the Code. Notwithstanding any provision to the contrary in this Plan, to the extent necessary to avoid the imposition of taxes under Section 409A of the
Code, no payment or distribution under this Plan that becomes payable by reason of the Participant’s termination of employment or service with the Company will be made to the Participant unless the Participant’s termination of employment
or service constitutes a “separation from service” (as such term is defined in Treasury Regulations issued under Section 409A of the Code). In addition, no such payment or distribution will be made to the Participant prior to the
earlier of (i) the expiration of the six (6)-month period measured from the date of the Participant’s “separation from service” (as such term is defined in Treasury Regulations issued under Section 409A of the Code) or
(ii) the date of the Participant’s death, if the Participant is deemed at the time of such separation from service to be a “key employee” within the meaning of that term under Section 416(i) of the Code and such delayed
commencement is otherwise required in order to avoid the imposition of taxes under Section 409A of the Code. As soon as practicable following the earlier of (i) or (ii), but in no event later than ten (10) days following the
expiration of the six-month period (or if the payment 
  

 24 

 
is being made following the Participant’s death, no later than sixty (60) days following the date of death), all payments and benefits deferred
pursuant to this section (whether they would have otherwise been payable in a single sum or in installments in the absence of such deferral) shall be paid or reimbursed to the Participant in a lump sum, and any remaining payments due under this Plan
will be paid in accordance with the normal payment dates specified for them herein. It is intended that this Plan shall comply with the provisions of Section 409A of the Code so as not to subject any Participant to the payment of additional
taxes and interest under Section 409A of the Code. In furtherance of this intent, this Plan shall be interpreted, operated, and administered in a manner consistent with these intentions, and to the extent that any rules, regulations or other
guidance issued under Section 409A of the Code would result in any Participant being subject to payment of additional income taxes or interest under Section 409A of the Code, the Company shall amend this Plan to the extent necessary to
avoid the application of such taxes or interest to the extent permitted by Section 409A of the Code. 
 10.10 Non-Qualified Plan Status and
ERISA. The Plan is intended to be a plan that is not qualified within the meaning of Section 401(a) of the Code. The Plan “is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a
select group of management or highly compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall be administered and interpreted to the extent possible in a manner consistent with the intent
described in the preceding sentence. 
 10.11 Claims Procedures. If a Participant, Beneficiary or other person (hereafter, “Claimant”) does
not receive timely payment of any benefits which he or she believes are due and payable under the Plan, he or she may make a claim for benefits to the Plan Committee. The claim for benefits must be in writing and addressed to the Company or Plan
Committee. The Plan 

  

 25 

 
Committee shall notify the Claimant whether such claim shall be granted or denied within 90 days after the Plan Committee initially received the benefit
claim. However, if special circumstances require an extension of time for processing the claim, the Plan Committee will furnish notice of the extension to the Claimant prior to the termination of the initial 90-day period and such extension may not
exceed one additional, consecutive 90-day period. Any notice of a denial of benefits should include the following: the specific reason or reasons for the adverse determination; reference to the specific Plan provisions on which the determination was
based; a description of any additional material or information necessary for the Claimant to perfect his claim and an explanation of why such material or information is necessary; a description of the Plan’s review procedures; and a statement
that the Participant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim. If notice of the denial of a claim is not furnished in accordance
with this Section 10.11, the claim shall be deemed denied and the Claimant shall be permitted to exercise his right to review pursuant to Section 10.12. 
 10.12 Appeals of Denied Claims. Each Claimant whose claim for benefits has been denied may file a written appeal for a review of his claim by the Plan Committee. The request for review must be filed by the Claimant within 60 days
after he or she received the notice denying his claim. The decision of the Plan Committee will be communicated to the Claimant within 60 days after receipt of a request for appeal. The notice shall set forth the basis for the Plan Committee’s
decision. If there are special circumstances which require an extension of time for completing the review, the Plan Committee’s decision may be rendered not later than 120 days after receipt of a request for appeal. If notice of the decision on
the review is not furnished in 

  

 26 

 
accordance with this Section 10.12, the claim shall be deemed denied and the Participant shall be permitted to exercise his right to a legal remedy.

  

 27

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