Document:

FORM OF INCENTIVE COMPENSATION PLAN STOCK OPTION AGREEMENT- 2000

 Exhibit 10.8 
  
 [EMPLOYEE FORM] 
  
 VENTAS, INC. 
 STOCK OPTION
AGREEMENT 
  
 THIS STOCK OPTION AGREEMENT
(“Agreement”) is made and entered into as of                      (“Effective Date”) by and between VENTAS, INC., a
Delaware corporation (“Company”), and                     , an employee of the Company (“Optionee”). 
  
 RECITALS: 
  
 A. Company has adopted the 2000 Incentive Compensation Plan (the
“Plan”) to promote the interests of the Company, its subsidiaries [hereinafter the term “Company” includes, where appropriate, all of the Company’s subsidiaries, as that term is defined in section 424(f) of the Internal
Revenue Code of 1986, as amended (“Code”)] and its stockholders by encouraging selected employees of Company, such as Optionee, to invest in Company’s shares of Common Stock, having a par value $.25 per share (“Common
Stock”). 
  
 B. Company believes that such investment
should increase the personal interest and special efforts of Optionee in providing for the continued success and progress of the Company and should enhance the efforts of Company to attract and retain competent key employees. 
  
 AGREEMENT: 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Grant of Option; Option Price. Company hereby grants to
Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of
             (            ) shares of Common Stock (“Option Shares”), on the terms and conditions set
forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on             
($             )] per share (“Option Price”). The Option Price is considered by the Company and Optionee to be not less than the fair market value of the Common Stock on
the Effective Date, which is the date on which the Option was granted to Optionee (“Option Date”). 
  
 2. Term of Option. The Option shall continue for a term ending ten years from the Option Date (“Termination Date”), unless sooner
terminated as provided in Sections 5 and 6. 
  
 3. Option
Exercisable in Installments. Subject to the other terms and conditions stated herein, the right to exercise the Option shall vest in installments as follows: 
  
 (a) First Installment. Commencing on the Option Date, Optionee may exercise the Option for up to 33 1/3 percent of the number of Option Shares. 

 [EMPLOYEE FORM] 
  
 (b) Second Installment. Commencing on the first anniversary of the Option Date, Optionee may exercise the
Option for 66 2/3 percent of the number of Option Shares, less the number of Option Shares for which the Optionee
has already exercised the Option. 
  
 (c) Third
Installment. Commencing on the second anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised. 
  
 4. Conditions to Exercise of the Option. 
  
 (a) Exercise of Option. Subject to the provisions of Section 3, Optionee may exercise the Option by delivering
to the Company written notice (“Notice”) of exercise stating the number of Option Shares for which the Option is being exercised accompanied by payment in the amount of the Option Price multiplied by the number of shares for which the
Option is being exercised (the “Exercise Price”) in the manner provided in Section 4(b) and making provision for any applicable withholding taxes. 
  
 (b) Payment of Exercise Price. Company shall accept as payment for the Exercise Price (a) a check payable to the order of Company, (b) the
tender of Common Stock (by either actual delivery of Common Stock or by attestation) having a Fair Market Value (determined as of the close of the business day immediately preceding the date of exercise of the Option) provided such Common Stock has
been held by Optionee for at least six months prior to tender, (c) “cashless exercise” through a third party in a transaction independent of the Company and properly structured to avoid any adverse accounting consequences to the Company,
(d) a combination of the foregoing, or (e) by any other means which the Committee determines. 
  
 (c) Delivery of Shares on Exercise. As soon as practicable after receipt of the Notice and payment of the Exercise Price and any required withholding taxes, Company shall deliver to Optionee, without
transfer or issuance tax or other incidental expense to Optionee, at the office of Company, or at such other place as may be mutually acceptable, or, at the election of Company, by certified mail addressed to Optionee at the Optionee’s address
shown in the employment records of Company, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Company has received payment in the manner prescribed herein. 
  
 5. Restrictions on Transfer of Option. During Optionee’s
lifetime, the Option shall be exercisable only by Optionee, and neither the Option nor any right hereunder shall be transferable except by will or the laws of descent and distribution except as provided herein. The Optionee may transfer in
accordance with the Plan all or part of the Option to (i) the spouse, children or grandchildren of the Optionee (“Immediate Family Members”), (ii) a trust or trusts for the exclusive benefit of the 

 [EMPLOYEE FORM] 
  
 Optionee and/or the Optionee’s Immediate Family Members or (iii) a partnership or limited liability company in which Optionee and/or
the Optionee’s Immediate Family Members are the only partners or members. The Option may not be subject to execution or other similar process. If Optionee attempts to alienate, assign, pledge, hypothecate or otherwise dispose of the Option or
any of the Optionee’s rights hereunder, except as provided herein, or in the event of any levy or any attachment, execution or similar process upon the rights or interests hereby conferred, Company may terminate the Option by notice to Optionee
and it shall thereupon become null and void. 
  
 6. Exercise
of the Option Upon Termination of Employment. 
  
 (a)
Termination of Employment Other Than for Death, Disability, Retirement or Cause. If Optionee ceases to be an Employee prior to the Termination Date for any reason other than death, Disability, Retirement, or termination for Cause,
Optionee or such Optionee’s personal representative may at any time within a period of 90 days after Optionee ceases to be an Employee, exercise the Option to the extent the Option was exercisable by Optionee on the date Optionee ceases to be
an Employee. 
  
 (b) Termination of Employment for
Cause. If Optionee ceases to be an Employee because of termination for Cause, the Option, whether or not exercisable, shall terminate on the date Optionee ceases to be an Employee. 
  
 (c) Termination of Employment due to Death or Disability. In
the event of the death or Disability of Optionee while Optionee is an Employee, this Option shall become fully vested and immediately exercisable. Optionee or Optionee’s personal representative or the person or persons to whom Optionee’s
rights under the Option shall pass by will or by application of the laws of descent and distribution in the event of death, may, at any time within a period of two years after Optionee’s death or determination of Disability, whichever shall be
applicable, exercise the Option in full. 
  
 (d) Termination
of Employment due to Retirement. If Optionee ceases to be an Employee due to Retirement, Optionee may, at the time within a period of two years after Optionee’s Retirement, exercise the Option to the extent the Option was exercisable by
Optionee on the date of Optionee’s Retirement. 
  
 (e)
Restrictions on Exercise. Notwithstanding anything contained in this Section 6, in no event may the Option be exercised after the Termination Date. 
  

7. Adjustment to Option Shares. This Option shall be subject to adjustment as provided in the Plan. 
  
 8. Change in Control. Notwithstanding the provisions of Section
3, upon a Change in Control, Optionee shall have the right to exercise the Option in full as to all Option Shares. 
  
 9. Agreement Does Not Grant Employment Rights. Neither the granting of the Option, nor the exercise thereof, shall be construed as granting
to Optionee any right to employment by Company. The right of the Company to terminate Optionee’s employment at any time, whether by dismissal, discharge, retirement or otherwise, is specifically reserved. 

 [EMPLOYEE FORM] 
  
 10. Withholding. Optionee acknowledges that the Company will be required to withhold certain taxes at the time
Optionee exercises the Option. Withholdings by the Company will not exceed the minimum required by law. 
  
 11. Miscellaneous. 
  
 (a) No Rights as Stockholder. Neither Optionee, nor any person entitled to exercise Optionee’s rights hereunder, shall have any of the
rights of a stockholder regarding the shares of Common Stock subject to the Option, except after the exercise of the Option as provided herein. 
  
 (b) Incorporation of Plan. Except as specifically provided herein, this Agreement is and shall be in all respects subject to the terms and
conditions of the Plan, a copy of which Optionee acknowledges receiving prior to the execution hereof. 
  
 (c) Captions. The captions and section headings used herein are for convenience only, shall not be deemed part of this Agreement and shall
not in any way restrict or modify the context and substance of any section or paragraph of this Agreement. 
  
 (d) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware. 
  
 (e) Defined Terms. All defined terms not defined herein shall
have the meanings set forth in the Plan, unless a different meaning is plainly required by the context. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 
  

			
	VENTAS, INC.
		
	By:	 	  

	Title:	 	  

	  

	NAMEFORM OF RESTRICTED STOCK AGREEMENT - 2000 INCENTIVE COMPENSATION PLAN

 Exhibit 10.9 
  
 [EMPLOYEE FORM] 
  
 VENTAS, INC. 
 RESTRICTED STOCK
AGREEMENT 
  
 THIS RESTRICTED STOCK AGREEMENT
(“Agreement”) is made and entered into as of the         day of                 , by and between
VENTAS, INC., a Delaware corporation (“Company”), and                 , an employee of the Company (“Employee”). 
  
 RECITALS: 
  
 A. Company has adopted the 2000 Incentive Compensation Plan
(“Plan”) to promote the interests of Company, its subsidiaries (hereinafter the term “Company” includes, where appropriate, all of Company’s subsidiaries, as that term is defined in Section 424(f) of the Internal Revenue
Code of 1986, as amended (“Code”)) and its stockholders by encouraging selected employees of Company, such as Employee, to invest in Company’s shares of Common Stock, having a par value of $.25 per share (“Common Stock”).

  
 B. Company believes that such investment should
increase the personal interest and special efforts of Employee in providing for the continued success and progress of Company and should enhance the efforts of Company to attract and retain competent key employees. 
  
 AGREEMENT: 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Issuance of Common Stock. The Company shall cause to be
issued to Employee                         
(            ) shares of Common Stock (the “Shares”). The certificates representing the Shares, together with a stock power duly endorsed in blank by Employee, shall be
deposited with the Company to be held by it until the restrictions imposed upon the Shares by this Agreement have expired. 
  
 2. Vesting of Shares. If Employee has not forfeited any of the Shares, the restriction on the Transfer (as defined herein) of the Shares
shall expire with respect to one-third of the Shares on             , and shall expire with respect to an additional one-third of the Shares on
            , and shall expire with respect to the balance of the Shares on             . Upon expiration of the
restriction against Transfer of any of the Shares pursuant to this Section 2, the Shares shall vest. Notwithstanding the foregoing, in the event of (A) a Change in Control or (B) the death or Disability of Employee, the Shares shall automatically
vest and all restrictions on the Shares shall lapse. 
  
 3.
Forfeiture of Shares. If Employee ceases to be an Employee for any reason other than death or Disability, all of the Shares which have not vested in accordance with Section 2 of this Agreement shall be forfeited and reconveyed to the
Company by Employee without additional consideration and Employee shall have no further rights with respect thereto. 
  

 1 

 [EMPLOYEE FORM] 
  
 4. Restriction on Transfer of Shares. Employee shall not Transfer any of the Shares owned by Employee until
such restriction on the Transfer of the Shares is removed pursuant to this Agreement. For the purposes of this Agreement, the term “Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or
judicial order, transfers by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary or involuntary. 
  
 5. Rights as Stockholder. Unless the Shares are forfeited, Employee shall be considered a stockholder of the Company with respect to all
such Shares that have not been forfeited and shall have all rights appurtenant thereto, including the right to vote or consent to all matters that may be presented to the stockholders and to receive all dividends and other distributions paid on such
Shares. If any dividends or distributions are paid in Common Stock, such Common Stock shall be subject to the same restrictions as the Shares with respect to which it was paid. 
  
 6. Restrictive Legend. Each certificate representing the Shares may bear the following legend: 
  
 The sale or other transfer of the shares represented by this Certificate,
whether voluntary, involuntary or by operation of law, is subject to certain restrictions on transfer as set forth in the Ventas, Inc. 2000 Incentive Compensation Plan, and in the related Restricted Stock Agreement. A copy of the Plan and such
Restricted Stock Agreement may be obtained from the Secretary of Ventas, Inc. 
  
 When the Shares have become vested, Employee shall have the right to have the preceding legend removed from the certificate representing such vested Shares. 
  
 7. Agreement Does Not Grant Employment Rights. The granting of Shares shall not be construed as granting to
Employee any right to employment by the Company. The right of the Company to terminate Employee’s employment at any time, whether by dismissal, discharge, retirement or otherwise, is specifically reserved. 
  
 8. Miscellaneous. 
  
 a. Incorporation of Plan. This Agreement is and shall be, in
all respects, subject to the terms and conditions of the Plan, a copy of which Employee acknowledges receiving prior to the execution hereof and the terms of which are incorporated by reference. 
  
 b. Captions. The captions and section headings used herein are
for convenience only, shall not be deemed a part of this Agreement and shall not in any way restrict or modify the context or substance of any section or paragraph of this Agreement. 
  
 c. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State
of Delaware without regard to its conflict of laws rules. 
  

 2 

 [EMPLOYEE FORM] 
  
 d. Section 83(b) Election Under the Code. If Employee timely elects, under Section 83(b) of the Code, to
include the fair market value of the Shares on the date hereof in such Employee’s gross income for the current taxable year, Employee agrees to give prompt written notice of such election to the Company. Employee hereby acknowledges that the
Company will be obligated to withhold income taxes for the income includable in Employee’s income and hereby agrees to make whatever arrangements are necessary to enable the Company to withhold as required by law. 
  
 e. Defined Terms. All capitalized terms not defined herein
shall have the same meanings as set forth in the Plan unless a different meaning is plainly required by the context. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on and as of the date first above written. 
  

			
	VENTAS, INC.
		
	By:	 	  

	Title:	 	  

	  

	NAME	 	 

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}]]