Document:

Exhibit 4.1

	
  

  	
  SENIOR HOUSING PROPERTIES TRUST IMPORTANT NOTICE PURSUANT AND SUBJECT
  TO THE TERMS OF THE AMENDED AND RESTATED DECLARATION OF TRUST OF THE TRUST,
  AS AMENDED FROM TIME TO TIME (THE “DECLARATION”), THE TRUST HAS THE AUTHORITY
  TO CREATE ONE OR MORE ADDITIONAL CLASSES OR SERIES OF SHARES AND ISSUE
  ADDITIONAL SHARES OF ANY EXISTING CLASS OR SERIES OF SHARES. THE TRUST WILL
  FURNISH A FULL STATEMENT OF (i) THE AUTHORITY OF THE TRUST TO CREATE
  ADDITIONAL CLASSES OR SERIES OF SHARES AND ISSUE ADDITIONAL SHARES OF ANY
  EXISTING CLASS OR SERIES OF SHARES, (ii) THE TERMS OF ANY EXISTING CLASS OR
  SERIES OF SHARES, AND (iii) SUCH OTHER INFORMATION AS IS REQUIRED BY
  APPLICABLE LAW, WITHOUT CHARGE TO ANY SHAREHOLDER UPON REQUEST TO THE
  SECRETARY OF THE TRUST. THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT
  TO RESTRICTIONS ON OWNERSHIP AND TRANSFER WHICH ARE OR MAY HEREAFTER BE
  CONTAINED IN THE DECLARATION OR IN THE AMENDED AND RESTATED BYLAWS ADOPTED BY
  THE TRUST, AS AMENDED FROM TIME TO TIME (THE “BYLAWS”), INCLUDING PROVISIONS
  OF THE DECLARATION WHICH PROHIBIT THE OWNERSHIP OF MORE THAN 9.8% OF ANY
  CLASS OR SERIES OF THE TRUST’S SHARES OF BENEFICIAL INTEREST BY ANY PERSON OR
  GROUP. THIS DESCRIPTION OF THE RESTRICTIONS UPON OWNERSHIP OR TRANSFER OF THE
  TRUST’S SECURITIES IS NOT COMPLETE. A MORE COMPLETE DESCRIPTION OF THESE
  RESTRICTIONS AND OF VARIOUS RIGHTS AND OBLIGATIONS OF SHAREHOLDERS APPEARS IN
  THE DECLARATION OR BYLAWS, AS APPLICABLE, AND IN CERTAIN OTHER AGREEMENTS
  WHICH MAY FROM TIME TO TIME BE ENTERED INTO BY THE TRUST AFFECTING THE RIGHTS
  AND OBLIGATIONS OF SHAREHOLDERS. COPIES OF THE DECLARATION, BYLAWS AND
  AGREEMENTS AFFECTING THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS AS IN EFFECT
  FROM TIME TO TIME WILL BE SENT WITHOUT CHARGE TO ANY SHAREHOLDER UPON REQUEST
  TO THE SECRETARY OF THE TRUST. THIS CERTIFICATE ALSO EVIDENCES AND ENTITLES
  THE HOLDER HEREOF TO CERTAIN RIGHTS AS SET FORTH IN THE RIGHTS AGREEMENT
  DATED AS OF MARCH 20, 2004 BETWEEN THE TRUST AND WELLS FARGO BANK. NATIONAL
  ASSOCIATION, AS SUCCESSOR RIGHTS AGENT, AND ANY AMENDMENTS OR RENEWALS
  THEREOF (THE “RIGHTS AGREEMENT”), THE TERMS OF WHICH ARE HEREBY INCORPORATED
  HEREIN BY REFERENCE AND A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICES
  OF THE TRUST. UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS
  AGREEMENT, SUCH RIGHTS WILL BE EVIDENCED BY SEPARATE CERTIFICATES AND WILL NO
  LONGER BE EVIDENCED BY THIS CERTIFICATE. THE TRUST WILL MAIL TO THE HOLDER OF
  THIS CERTIFICATE A COPY OF THE RIGHTS AGREEMENT, AS IN EFFECT ON THE DATE OF
  MAILING, WITHOUT CHARGE PROMPTLY AFTER RECEIPT OF A WRITTEN REQUEST THEREFOR.
  UNDER CERTAIN CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS
  BENEFICIALLY OWNED (AS SUCH TERM IS DEFINED IN THE RIGHTS AGREEMENT) BY ANY
  PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON, OR ANY AFFILIATE OR
  ASSOCIATE THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT),
  WHETHER CURRENTLY HELD BY OR ON BEHALF OF SUCH PERSON OR BY ANY SUBSEQUENT
  HOLDER, MAY BECOME NULL AND VOID. THE RIGHTS SHALL NOT BE EXERCISABLE, AND
  SHALL BE VOID SO LONG AS HELD, BY A HOLDER IN ANY JURISDICTION WHERE THE
  REQUISITE QUALIFICATION TO THE ISSUANCE TO SUCH HOLDER, OR THE EXERCISE BY
  SUCH HOLDER, OF THE RIGHTS IN SUCH JURISDICTION SHALL NOT HAVE BEEN OBTAINED
  OR BE OBTAINABLE. The following abbreviations, when used in the inscription
  on the face of this Certificate, shall be construed as though they were
  written out in full according to applicable laws or regulations: TEN COM — as
  tenants in common UTMA — Custodian (Cust) (Minor) TEN ENT — as tenants by
  entireties under Uniform Transfers to Minors JT TEN — as joint tenants with
  right of survivorship Act and not as tenants in common (State) Additional
  abbreviations may also be used though not in above list. For value received
  hereby sell, assign, and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER

  IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND
  ADDRESS INCLUDING ZIP CODE OF ASSIGNEE) Shares of beneficial interest represented
  by the within Certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said shares on the books
  of the within-named Trust with full power of substitution in the premises. Dated X X NOTICE: THE SIGNATURE TO THIS ASSIGNMENT
  MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN
  EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. SIGNATURE GUARANTEED ALL GUARANTEES MUST BE MADE BY A FINANCIAL
  INSTITUTION (SUCH AS A BANK OR BROKER) WHICH IS A PARTICIPANT IN THE
  SECURITIES TRANSFER AGENTS MEDALLION PROGRAM (“STAMP”), THE NEW YORK STOCK
  EXCHANGE, INC. MEDALLION SIGNATURE PROGRAM (“MSP”), OR THE STOCK EXCHANGES
  MEDALLION PROGRAM (“SEMP”) AND MUST NOT BE DATED GUARANTEES BY A NOTARY
  PUBLIC ARE NOT ACCEPTABLE.Exhibit 10.1

 

ACCESSION AGREEMENT

 

THIS ACCESSION AGREEMENT, dated as of November 1, 2012, is entered into by SNH SE TENANT TRS, INC., a Maryland corporation (the “Company”).

 

RECITALS:

 

(a)                                 The Company has entered into Management Agreements with FVE Managers, Inc., a Maryland corporation (“Manager”), dated as of November 1, 2012, with respect to each of the following senior living facilities: (i) that certain senior living facility located at 24552 Paseo de Valencia, Laguna Hills, California (“Villa Valencia”); and (ii) that certain senior living facility located at 1250 West Central Road, Arlington Heights, Illinois (“Church Creek”) (each, a “Management Agreement”).

 

(b)                                 Manager, the Company and certain affiliates of the Company are parties to that certain Pooling Agreement No. 2, dated as of October 30, 2012, by and among the Manager and the parties listed on Schedule A thereto (the “Pooling Agreement”).  Capitalized terms used in this Accession Agreement without definition shall have the meanings given to such terms in the Pooling Agreement.

 

(c)                                  The Company desires to become a party to the Pooling Agreement with respect to each of Villa Valencia and Church Creek.

 

NOW, THEREFORE:

 

The Company hereby accedes and becomes a party to the Pooling Agreement with respect to each of Villa Valencia and Church Creek as an Additional Facility, agrees to be bound by the provisions of the Pooling Agreement with respect to each of Villa Valencia and Church Creek, and acknowledges that provisions of each Management Agreement will be superseded as provided therein, on and after the date first above written.

 

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, this Accession Agreement has been duly executed and delivered by the Company with the intention of creating an instrument under seal.

 

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
SNH   SE TENANT TRS, INC.,
    
	
 
    	
a   Maryland corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Richard A. Doyle
    
	
 
    	
 
    	
Richard   A. Doyle
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
ACCEPTED:
    	
 
    
	
 
    	
 
    
	
FVE   MANAGERS, INC.,
    	
 
    
	
a   Maryland corporation
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:   
    	
/s/   Bruce J. Mackey Jr.
    	
 
    	
 
    
	
 
    	
Bruce   J. Mackey Jr.
    	
 
    	
 
    
	
 
    	
President
    	
 
    

 

[Signature Page to Accession Agreement]

 

 

Schedule to Exhibit 10.1

 

There are two accession agreements to the Pooling Agreement with FVE Managers, Inc., a representative form of which is filed herewith.  The other accession agreement, with the respective parties and applicable to the respective communities listed below, are substantially identical in all material respects to the representative form of accession agreement filed herewith.

 

	
Entity
    	
 
    	
Community
    	
 
    	
Date
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
SNH   SE Tenant TRS, Inc.
    	
 
    	
Fieldstone   Place, 51 Patel Way, Clarksville, Tennessee 37043

Gateway   Villas and Gardens, 601 Steve Hawkins Parkway and 605 Gateway Central, Marble   Falls, Texas 78654
    	
 
    	
December 19,   2012Exhibit 10.1

 

[Affiliate/Employee]

 

RESTRICTED STOCK AGREEMENT

 

THIS RESTRICTED STOCK AGREEMENT (the “Agreement”), effective as of              ,             , (the “Effective Date”), is between SCBT FINANCIAL CORPORATION,  a South Carolina corporation (the “Corporation”), and                               an individual residing in Greenville, South Carolina (“Participant”).  Capitalized terms in this Agreement that are not otherwise defined shall have the same meaning as set forth in the SCBT Financial Corporation Omnibus Stock and Performance Plan (2012), a copy of which is attached as Exhibit A (the “Plan”).

 

Section 1.                  Purpose.  The purpose of this Agreement is to award to Participant restricted shares of Common Stock (the “Award”), par value $2.50 per share, of the Corporation (“Common Stock”) pursuant to the Plan.  This Award is made to recognize and reward Participant for his or her service to the Corporation or one of its subsidiaries.

 

Section 2.                  Award of Restricted Stock.  The Corporation hereby awards and issues to Participant                    shares of Common Stock (the “Shares”) pursuant to the Plan.  The Shares shall be duly paid and nonassessable and shall be subject to the restrictions and limitations set forth herein.

 

Section 3.                  Restrictions.  Prior to the vesting of the Shares, as set forth in Section 4 hereof:

 

(a)         the Shares shall not be transferable and shall not be sold, exchanged, transferred, assigned, pledged, hypothecated, attached, encumbered or otherwise disposed of; and

 

(b)         the Shares will (ordinarily) be issued in book entry form through Direct Registration (DRS) and held by the Corporation’s stock registrar and transfer agent in a restricted stock share class; or

 

(c)          if issued in physical certificate form, the stock certificate(s) evidencing the Shares shall contain the following legend:

 

“Transfer of this certificate and the shares represented hereby is restricted pursuant to the terms of the SCBT Financial Corporation Omnibus Stock and Performance Plan and a Restricted Stock Agreement, dated as of               ,           , between SCBT Financial Corporation and                             . A copy of such Agreement is on file at the offices of SCBT Financial Corporation.”

 

Except as expressly stated herein, Participant shall have all rights as a shareholder with respect to the Shares, commencing as of the date of issuance thereof and continuing for so long as Participant remains the record owner of the Shares, including the right to vote the Shares as the record owner thereof and to receive dividends in cash or other property and other distributions or rights in respect of the Shares.

 

 

Section 4.                  Vesting.  The restrictions described in Section 3 shall lapse and the Shares granted pursuant to the Award shall vest on the following dates:

 

(a)         all of the Shares granted pursuant to the Award shall vest on [the                      anniversary of the Effective Date], and

 

(b)         at any time immediately prior to consummation of a Change of Control or in the event of Participant’s death, the restrictions on all unvested Shares granted pursuant to the Award shall lapse and the Award shall vest.

 

Upon the vesting of any Shares, the Corporation’s stock transfer agent will transfer the book entry Shares from the restricted stock class to book entry Shares in the Corporation’s common stock class.  Alternatively, upon Participant’s instructions to the stock transfer agent, Participant shall be entitled to receive stock certificate(s) evidencing such vested Shares and such certificate(s) shall not contain the legend set forth in Section 3(c).  However, any replacement stock certificate(s) issued to an individual who is a director or an executive officer of the Corporation shall bear the following legend:

 

“The registered holder of the shares represented by this certificate may be deemed to be an affiliate of the Corporation under the Securities Act of 1933. Such securities may not be sold, offered for sale, pledged, hypothecated or transferred in the absence of an effective registration statement covering such transaction under such laws or unless the availability of an exemption from registration with respect to any such proposed sale, offer, pledge, hypothecation or transfer of such shares is established to the satisfaction of the Corporation (including, if requested by the Corporation, an opinion of counsel satisfactory to the Corporation that such registration is not required).”

 

Section 5.                  Forfeiture.  If, prior to a Change of Control occurring after the Effective Date or prior to the death of Participant, the employment or service of Participant with the Corporation and its subsidiaries terminates for any reason (other than due to the death of Participant), all of the Shares that are not vested under Section 4 as of the date of termination shall be forfeited to the Corporation (such event being referred to herein as a “Forfeiture Event”).  Upon the occurrence of a Forfeiture Event, Participant shall return for cancellation all  stock certificates representing unvested Shares, and irrespective of whether such stock certificates are so returned and cancelled, all unvested Shares shall automatically, without further action, be cancelled and shall no longer be issued and outstanding.

 

Section 6.                  Taxes.

 

(a)         If Participant properly elects pursuant to Section 83(b) of the Internal Revenue Code, within 30 days of the Effective Date, to include in gross income for federal income tax purposes an amount equal to the fair market value (as of the date of issuance) of the Shares granted pursuant to this Agreement, Participant shall pay to the Corporation, in the year of this Agreement, all federal, state and local taxes required to be withheld with respect to the grant of the Shares.  Consistent with the terms of Section 14.2 of the Plan, if Participant fails to make such tax payments as required, the Corporation shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise

 

2

 

due to Participant all federal, state and local taxes of any kind required by law to be withheld with respect to the Shares.

 

(b)         If Participant does not make the election described in subparagraph (a) of this section, he or she shall, on the date as to which the restrictions described in Section 3 shall lapse as to any Shares, pay to the Corporation all federal, state and local taxes of any kind required by law to be withheld with respect to such vested Shares.  Consistent with the terms of Section 14.2 of the Plan, if Participant fails to make such payments as required, the Corporation shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to Participant all federal, state and local taxes of any kind required by law to be withheld with respect to such vested Shares.

 

Section 7.                  Miscellaneous.

 

(a)         This Agreement shall be construed, administered and governed in all respects under and by the applicable internal laws of the State of South Carolina, without giving effect to the principles of conflicts of laws thereof.

 

(b)         This Agreement and the Plan shall or will contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in respect thereto.   This Agreement may not be modified, amended, supplemented or waived except by a writing signed by the parties hereto, and such writing must refer specifically to this Agreement.

 

(c)          If any event described in Article XI of the Plan occurs after the Effective Date, the adjustment provisions as provided for under Article XI of the Plan shall apply to this Award.

 

(d)         By signing this Agreement, Participant acknowledges that he or she has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan.  This Agreement is made pursuant to and is subject to the terms and conditions of the Plan, which is incorporated herein by reference.

 

(e)          This Agreement, as amended from time to time, shall be binding upon, inure to the benefit of and be enforceable by the heirs, successors and assigns of the parties hereto; provided, however, that this provision shall not permit any assignment in contravention of the terms contained elsewhere herein.

 

(f)           Nothing in this Agreement shall confer on Participant any right to continue in the employ of the Corporation or any of its subsidiaries.

 

(g)          This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument

 

3

 

IN WITNESS WHEREOF, this Agreement has been duly executed and has an effective date of the       th  day of            ,              .

 

	
 
    	
SCBT   FINANCIAL CORPORATION,
    
	
 
    	
a   South Carolina corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PARTICIPANT
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Signature
    
	
 
    
	
 
    	
Print   Name:
    	
 
    
	
 
    	
 
    
	
 
    	
Date   Signed:
    	
 
    
				

 

4

 

Exhibit A

 

SCBT Financial Corporation Omnibus 
 Stock and Performance Plan

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