Document:

First Amendment to 2005 Performance Incentive Plan

 Exhibit 10.1 
 FIRST AMENDMENT 
 TO 
 NATIONWIDE HEALTH PROPERTIES, INC. 
 2005 PERFORMANCE INCENTIVE PLAN

 This amendment dated and effective October 28, 2008 (this “Amendment”), amends the Nationwide Health Properties, Inc.
2005 Performance Incentive Plan (the “Plan”). Capitalized terms used and not otherwise defined herein shall have the respective meanings set forth in the Plan. 
 RECITALS 
 WHEREAS, Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), places certain restrictions, among other things, as to the timing of distributions from nonqualified deferred compensation plans and arrangements; and 
 WHEREAS, the Board of Directors of Nationwide Health Properties, Inc. (the “Corporation”) desires to amend the Plan to comply with Section 409A of the Code. 
 NOW, THEREFORE, the Plan shall be amended as follows: 
 1.
The definition of the “Code” in the second paragraph of Section 3.1 of the Plan shall be amended by adding the following immediately after “as amended” and immediately before “(the ‘Code’): 
 “and the regulations and guidance promulgated thereunder” 
 2. The following is hereby added to the end of Section 3.2(f) of the Plan: 
 “and subject to the requirements of
Section 409A of the Code, as applicable.” 
 3. A new sentence is hereby added to the end of Section 5.1.1 of the Plan, as follows:

 “To the extent a nonqualified stock option is granted with a per share
exercise price that is less than the fair market value of a share of Common Stock on the date of grant, notwithstanding any other provision in this Plan to the contrary, such stock option shall expire on the 15th day of the third month of the year following the year in which such stock option vests.” 
 4. A new sentence is hereby added to the end of Section 5.1.3 of the Plan, as follows: 
 “To the extent a SAR is granted with a base price that is less than the fair market value of a share of Common Stock on the date of grant, notwithstanding any other provision in this Plan to the contrary, such
SAR shall expire on the 15th day of the third month of the year following the year in which such SAR vests.” 
 5. A new sentence is hereby added to the end of Section 5.4 of the Plan, as follows: 
 “Any such deferrals and deferral elections made pursuant to this Section 5.4 shall be 

 
made on a form as required by the Administrator and shall comply with the requirements of Section 409A of the Code.” 
 6. A new paragraph is hereby added to the end of Section 7.2 of the Plan, as follows: 
 “ (e) Notwithstanding the foregoing, with respect to any award that constitutes a deferral of compensation subject to Section 409A of the Code, the above definition of Change in Control Event shall not
apply, and instead “Change in Control Event” shall mean a change in the ownership or effective control of the Corporation or in the ownership of a substantial portion of the assets of the Corporation under Section 409A(a)(2)(A)(v) of
the Code and regulations thereunder.” 
 7. The following is hereby added to the beginning of Section 7.4 of the Plan: 
 “Subject to the requirements of Section 409A of the Code, as applicable,” 
 8. The following sentence from Section 7.6 of the Plan is hereby removed: “If a participant would be entitled to benefits or payments hereunder and under any other plan or program that would constitute
‘parachute payments’ as defined in Section 280G of the Code, then the participant may by written notice to the Corporation designate the order in which such parachute payments will be reduced or modified so that the Corporation or one
of its Subsidiaries is not denied federal income tax deductions for any ‘parachute payments’ because of Section 280G of the Code.” Such sentence is hereby replaced in its entirety, as follows: 
 “If a participant would be entitled to benefits or payments hereunder and under any other plan or program that would constitute ‘parachute
payments’ as defined in Section 280G of the Code, then the acceleration of vesting of awards provided to the participant shall first be reduced (and thereafter, if necessary, the cash payments provided to the participant shall be reduced)
to the extent necessary so that the Corporation or one of its Subsidiaries is not denied federal income tax deductions for any ‘parachute payments’ because of Section 280G of the Code.” 
 9. A new Section 8.14 is hereby added to the Plan, as follows: 
 “Notwithstanding any provision to the contrary in this Plan, to the extent necessary to avoid the imposition of any taxes under Section 409A of the Code, no payment or distribution under this Plan 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 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. 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 Plan 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 8.14 (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 following such expired period (or if the payment is being made following
the participant’s death, no later than sixty (60) days following the date of death), and any remaining payments due under this Plan will be paid in accordance with the normal payment dates specified for them herein.”Form of Stock Unit Award Agreement

 Exhibit 10.2 
 NATIONWIDE HEALTH PROPERTIES, INC. 
 2005 PERFORMANCE INCENTIVE PLAN 
 STOCK UNIT AWARD AGREEMENT 
 THIS
STOCK UNIT AWARD AGREEMENT (this “Agreement”) is dated as of [                    , 200    ]
by and between Nationwide Health Properties, Inc., a Maryland corporation (the “Corporation”), and [            ] (the “Participant”).

 WITNESSETH 
 WHEREAS, pursuant to the Nationwide Health Properties, Inc. 2005 Performance Incentive Plan (the “Plan”), the Corporation has granted to the Participant effective as of the date hereof (the “Award
Date”), a credit of stock units under the Plan (the “Award”), upon the terms and conditions set forth herein and in the Plan. 
 NOW THEREFORE, in consideration of services rendered and to be rendered by the Participant, and the mutual promises made herein and the mutual benefits to be derived there from, the parties agree as follows:

 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such
terms in the Plan. 
 2. Grant. Subject to the terms of this Agreement, the Corporation hereby grants to the Participant an
Award with respect to an aggregate of [                    ] stock units (subject to adjustment as provided in Section 7.1
of the Plan) (the “Stock Units”). As used herein, the term “stock unit” 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 Stock Units shall be used solely as a device for the determination of the payment to
eventually be made to the Participant if such Stock Units vest pursuant to Section 3 or otherwise. The Stock Units shall not be treated as property or as a trust fund of any kind. 
 3. Vesting. Subject to Section 8 below, the Award shall vest and become nonforfeitable with respect to[one-third of the total
number of Stock Units (subject to adjustment under Section 7.1 of the Plan) on each of the first, second and third anniversaries of the Award Date.] 
 4. Continuance of Employment. 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. Employment or service for only a portion of the 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 8 below or under the Plan. 
 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 or her consent thereto. 
 5. Dividend and Voting Rights. 
 (a) Limitations on Rights Associated with Units. The Participant shall have no rights as a stockholder of the Corporation, no dividend rights (except as expressly provided in Section 5(b) with
respect to Dividend Equivalent Rights) and no voting rights with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units 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. 
 (b) Dividend Equivalent Rights. In the event that the Corporation pays an ordinary cash dividend on its Common Stock and the
related dividend payment record date occurs at any time after the Award Date and before all of the Stock Units subject to the Award either have been paid pursuant to this Section 5(b) or Section 7 or have terminated pursuant to
Section 8, the Corporation shall credit the Participant with an additional number of Stock Units equal to (i) the per-share cash dividend paid by the Corporation on its Common Stock with respect to such record date, multiplied by
(ii) the total number of outstanding and unpaid Stock Units (including any dividend equivalents previously credited under this Section 5(b) and with such total number subject to adjustment pursuant to Section 7.1 of the Plan and/or
Section 9 hereof) subject to the Award as of such record date, divided by (iii) the fair market value of a share of Common Stock (as determined under the Plan) on the related dividend payment date. Except as provided in the following
sentence, any Stock Units credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate. If the
Participant elects to defer payment of any Stock Units hereunder as contemplated by Section 7, the Participant may also elect, by a date designated by the Administrator that complies with the initial deferral election requirements of
Section 409A of the Code, on a form and in a manner prescribed by the Administrator, to have any Stock Units credited pursuant to the foregoing provisions of this Section 5(b) that become vested paid on the earliest of
(A) January 1 of the calendar year following the calendar year in which such Stock Units were credited pursuant to this Section 5(b), provided that no Stock Units shall become payable until the first calendar year in which such Stock
Units become vested, (B) the date of the Participant’s “separation from service” within the meaning of Section 409A of the Code, or (C) 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); provided that any payments made pursuant to (A), (B) or
(C) shall be paid as soon as practicable, and in no event later than sixty (60) days after such event occurs. Any such election made by the Participant must comply with the applicable requirements of Section 409A of the Code
(including, without limitation, the six-month waiting period contemplated by Section 18, if applicable). The Corporation shall in all cases retain discretion to pay any Stock Units credited 

 
under this Section 5(b) in cash rather than shares of Common Stock. No crediting of Stock Units shall be made pursuant to this Section 5(b) with
respect to any Stock Units which, as of the related dividend payment record date, have either been paid pursuant to this Section 5(b) or Section 7 or terminated pursuant to Section 8. 
 6. 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. 
 7. Timing
and Manner of Payment of Stock Units. On or as soon as soon as administratively practicable, and in no event later than the later of (i) the 15th day of the third month following the end of the Participant’s taxable year in which any Stock Units subject to the Award became vested (whether pursuant to Section 3, upon a Change in Control Event, in connection with the
Participant’s termination of employment pursuant to a written change in control or employment agreement or otherwise), or (ii) the 15th
day of the third month following the end of the Corporation’s taxable year in which such vesting 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 Stock Units subject to this Award that vest on the applicable vesting date (including any vested Stock Units credited in
respect of Dividend Equivalent Rights pursuant to Section 5(b) hereof), provided, however, that any Stock Units becoming vested on an accelerated basis prior to the normal vesting dates specified in Section 3, to the extent necessary to
avoid the imposition of any taxes under Section 409A of the Code, shall not become distributed until after the earliest of (A) the date the Stock Units would have been paid absent the accelerated vesting, (B) the date of the
Participant’s “separation from service” within the meaning of Section 409A of the Code, or (C) 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); provided that any payments made pursuant to (A), (B) or (C) shall be paid as soon as
practicable following such event, and in no event later than sixty (60) days following such event. Notwithstanding the foregoing sentence, the Participant may elect, in accordance with the initial deferral rules of Section 409A of the Code
and on a form and in a manner prescribed by the Administrator, to defer any such payment of vested Stock Units to a specified date selected by the Participant, in which case the vested Stock Units so deferred shall become payable after the earliest
of (A) the specified date selected by the Participant, (B) the date of the Participant’s “separation from service” within the meaning of Section 409A of the Code, or (C) 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); provided that
any payments made pursuant to (A), (B) or (C) shall be paid as soon as practicable following such event, and in no event later than sixty (60) days following such event. Any such deferral election made by the Participant must comply
with the applicable requirements of Section 409A of the Code (including, without limitation, the six-month waiting period contemplated by Section 18, if applicable). The Corporation’s obligation to deliver shares of Common Stock or
otherwise make payment with respect to vested Stock Units 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 Stock Units 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 Stock Units that are paid pursuant to Section 5(b) or this Section 7 or that terminate pursuant to Section 8. 
 8. Effect of Termination of Employment. The Participant’s Stock Units (including any Stock Units credited in respect of Dividend
Equivalent Rights pursuant to Section 5(b) hereof) shall terminate to the extent such units have not become vested prior to the first date the Participant is no longer employed by the Corporation or one of its Subsidiaries, regardless of the
reason for the termination of the Participant’s employment with the Corporation or a Subsidiary, whether with or without cause, voluntarily or involuntarily; provided, however, that if the Participant has any rights to accelerated vesting of
restricted stock awards in connection with such termination of employment pursuant to a change in control or other employment agreement with the Corporation, subject to Section 18 and to the extent permitted by Section 409A of the Code,
such acceleration rights shall apply equally to the Stock Units. If any unvested Stock Units are terminated hereunder, such Stock Units 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. 
 9. 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 accordance with such section in the number of Stock Units 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 for which dividend equivalents are credited or paid pursuant to Section 5(b). 
 10. 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 Stock Units,
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 Stock Units, 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. 
 11. 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. 
 12. Plan. The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the
Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. 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 Board or 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 Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof. 
 13. Entire Agreement. 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. 
 14. Limitation on Participant’s Rights.
Participation in the 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 with respect to amounts credited and benefits payable, if any, with respect
to the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder. 
 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. 

 18. 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. 
 [Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed on its behalf by a
duly authorized officer and the Participant has hereunto set his hand as of the date and year first above written. 
  

									
	NATIONWIDE HEALTH PROPERTIES, INC.	 		 	PARTICIPANT
	A Maryland corporation	 		 	
		 		 	 
	By:	 	 	 		 	Signature
				
	Print Name:	 	 	 		 	 
				
	Its:	 	 	 		 	Print Name

 CONSENT OF SPOUSE 
 In consideration of the execution of the foregoing Stock Unit Award Agreement by Nationwide Health Properties, Inc.,
I,                                        
                                         
               , the spouse of the Participant therein named, do hereby join with my spouse in executing the foregoing Stock Unit Award Agreement and do hereby agree to be
bound by all of the terms and provisions thereof and of the Plan. 
 Dated: ____________, 200__ 
  

			
	 
	 Signature of Spouse

	
	 
	Print Name

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