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Exhibit 10.31    
  

December 13,
2002 

Mr. Michael
F. Bushee

[address] 

Dear
Michael: 

        The
purpose of this Release Agreement is to provide for the releases referenced in your Employment Agreement made and entered into as of January 1, 1999 by and between you and
Meditrust Corporation ("Meditrust" or the "Company"), as amended by First Amendment to Employment Agreement dated January 24, 2000 and by Letter Agreement dated June 30, 2000
(collectively the "Employment Agreement") and as agreed to by you in your Confirmation of Termination Date letter dated November 14, 2002. 

        As
mentioned in your Confirmation of Termination Date letter, please sign and return this general release of all employment related claims to Sandy Michel, Senior Vice President and
General Counsel, La Quinta Inns, Inc., 909 Hidden Ridge, Suite 600, Irving, Texas 75038 no later than December 23, 2002. 

        As
used herein "Companies" shall refer La Quinta Properties, Inc. (formerly known as Meditrust Corporation), La Quinta Corporation (formerly known as Meditrust Operating Company),
Meditrust and all of their related and affiliated entities and subsidiaries. 

	1.
	Separation

                You
hereby confirm that as of 5:00 p.m. on November 15, 2002, you resigned from your office of Chief Operating Officer of Meditrust and any and all offices
and board of directors seats that you may hold with any of the Companies as of that date, with the agreement and consent of the Companies, and as of 5:00 p.m. on December 30, 2002 (the
"Separation Date), you hereby resign from your employment with Meditrust and said resignations are hereby accepted by the Companies (the "Separation"). The Company will pay you all of your base salary
through the Separation Date. 

	2.
	Release

        A.    Release by Employee. Except for claims related to the Company's future performance under the terms of the Employment
Agreement (the "Excluded Claims"), you voluntarily and irrevocably release and discharge the Companies, their related or affiliated entities, and their respective predecessors, successors, and
assigns, and the current and former officers, directors, shareholders, employees, and agents of each of the foregoing (any and all of which are referred to as "Releasees") generally from all charges,
complaints, claims, promises, agreements, causes of action, damages, and debts that relate in any manner to your employment with or termination of employment from the Companies, known or unknown,
which you have, claim to have, ever had, or ever claimed to have had against any of the Releasees through the date on which you execute this Agreement. This general release includes, without
implication of limitation, all claims for or related to wrongful or constructive discharge; breach of contract; breach of any implied covenant of good faith and fair dealing; tortious interference
with advantageous relations; intentional or negligent misrepresentation, fraud or deceit; infliction of emotional distress, and unlawful discrimination or retaliation under the common law or any
statute (including, without implication of limitation, the Employee Retirement Income Security Act, Title VII of the Civil Rights Act of 1964, the American with Disabilities Act, the Age
Discrimination in Employment Act or M.G.L. c.151B). Except as expressly provided in this Agreement and/or the Employment Agreement, you also waive any claim for reinstatement, severance, incentive or
retention pay, attorney's fees, or costs, relating to the above waived claims. 

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        You
further agree that you will not hereafter pursue any claim against any Releasee by filing a lawsuit in any local, state or federal court for or on account of anything which has
occurred up to the present time as a result of your employment, and you shall not seek or accept reinstatement with, or damages of any nature, severance, incentive or retention pay, attorney's fees,
or costs from the Companies or any of the other Releasees; provided, however, that nothing in this general release shall be construed to bar or limit
your on-going rights, if any, to indemnification subject to and in accordance with the terms of the By-Laws of the Companies and the Indemnification Agreement, dated as of
November 5, 1997, by and among you and Meditrust Corporation (the "Indemnification Agreement"), or as otherwise might exist under applicable law, or to enforce your rights for future
performance under this Agreement and/or the Employment Agreement. 

        B.    Severance Payment. On the Effective Date (as defined in Section 3(d) below), the Companies shall make a payment to
you in the amount specified on Schedule A attached hereto and 90,000 paired shares of stock of the Companies (which shares represent the vesting
of previously awarded performance shares). This severance payment shall be reduced by applicable withholding. You hereby acknowledge that this payment is in full satisfaction of the Company's payment
obligations to you with respect to (i) accrued vacation payments, (ii) performance units, (iii) performance shares, (iv) year 2002 bonus, (v) Severance Compensation
and (vi) automobile allowance, under the terms of the Employment Agreement. 

	3.
	Notices, Acknowledgments and Other Terms

        In
accordance with the Older Workers Benefit Protection Act of 1990, you are aware of the following with respect to his release of any claims under the Age Discrimination in Employment
Act ("ADEA"): 

	a)
	You
have been advised that you have the right to consult with an attorney before signing this agreement and have in fact done so;

	b)
	You
have reviewed the attached listing of the ages and job titles of all persons, in his/her decisional unit, who are and are not included in this reduction program. See
Schedule B.

	c)
	Some
of the consideration you are receiving for this release is in addition to anything of value to which you are otherwise entitled to receive.

	d)
	You
have been advised that you have at least forth-five (45) days to consider this agreement.

	e)
	You
have seven (7) days after signing this agreement to revoke this agreement and this agreement will not be effective until the eighth day following your signing this
agreement. You shall retain the right to revoke this agreement by written notice delivered to the company before the end of such period, and that this agreement shall not become effective or
enforceable until the expiration of such revocation period as used herein, "effective date" shall mean the later of the expiration of such revocation period and December 31, 2002 (the
"effective date").

	f)
	The
law of the Commonwealth of Massachusetts will govern any dispute about this Agreement, including any interpretation or enforcement of this Agreement.

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

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        If
you agree to these terms, please sign and date below and return this Agreement to the General Counsel of La Quinta Properties, Inc. 

	 	 	Sincerely,
	

 	
 	

LA QUINTA PROPERTIES, INC.
	

 	
 	

By:	

/s/  FRANCIS W. CASH      
 Francis W. Cash

President and Chief Executive Officer
	

 	
 	

LA QUINTA CORPORATION
	

 	
 	

By:	

/s/  FRANCIS W. CASH      
 Francis W. Cash

President and Chief Executive Officer

Accepted
and agreed to: 

	/s/  MICHAEL F. BUSHEE      
 Michael F. Bushee	 	12/18/02
 Date

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Exhibit 10.32    
  

November 21,
2000 

Mr. A.
John Novak

2 Cedar Ridge Drive

Chester, NJ 07930 

Dear
John: 

        I
am very pleased to confirm our offer of the position of Senior Vice President and Chief Information Officer. This letter provides a confirmation of the compensation and benefits
offered to you. 

	Salary:	 	$275,000 annually with a regular annual review beginning in January 2002.
	

Bonus:	
 	

Participation in our executive bonus plan with a target bonus of 40% of base pay. A copy of the bonus plan is enclosed for your review. For the business plan year 2001, your bonus will be guaranteed at 40% of base pay prorated.
	

Stock Options:	
 	

Participate in our Non-qualified Stock Option Plan with an initial grant of options to purchase 100,000 shares of Meditrust common stock (pending approval of the Board of Directors). The exercise price for the options will be set at fair market value
on the date of employment. These options vest over four years—25% on each of the successive anniversary dates of the effective date of your employment, pursuant to the stock option plan.
	

Stock Grant:	
 	

Company will issue to you a Restricted Stock Grant for 50,000 paired shares with a cost of $.20 per paired share and which "cliff" vest at the end of three years from date of your employment.
	

Signing Bonus:	
 	

$100,000 (subject to standard tax withholding) will be paid to you upon commencement of employment with the company.
	

Car Allowance:	
 	

You will receive a car allowance of $1,100 per month in lieu of reimbursement for use of your personal vehicle for business.
	

Vacation:	
 	

You will be eligible to take three weeks of vacation each calendar year.
	

Other benefits:	
 	

Enclosed you will find a detailed explanation of our health, life, dental, long term disability and other benefit plans. You are eligible to enroll in our Flexible Benefits program on the first of the month after one full month of
service.
	

Relocation:	
 	

Company will pay for the closing costs associated with the sale of your house in Chester and the closing associated with the purchase of a house in Dallas. Company will pay for the cost of packing, moving and unpacking for the move to Dallas.
Temporary living expenses in Dallas and expenses associated with commuting on a temporary basis between Chester and Dallas will also be covered. Any payments for relocation costs will include tax gross-up amount so that you are left with an after-tax
amount equal to the relocation costs.
	
 	
 	

 

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Severance:	
 	

Although La Quinta does not have employment contracts for our officers, we will commit that if you are terminated from the company without cause, that your severance payment will be one year salary and target bonus. Also, an additional 20% of the
initial grant of options to purchase 100,000 shares of Meditrust common stock not yet fully exercisable shall accelerate and become exercisable. Furthermore, in the event you are terminated without cause, you will be entitled to continue to receive
during the severance period such company provided group health insurance, life insurance and long-term disability coverage as are in effect for you at the time of termination. In the event your employment with La Quinta is terminated voluntarily or
by reason of death, disability (which entitles you to coverage under the long-term disability plan) or for "cause," no severance would be due or payable. For purposes thereof, "cause" shall be (a) your willful and continuing failure to discharge
your duties and responsibilities to La Quinta, (b) any material act of dishonesty involving La Quinta, (c) conviction of a felony. Any disputes arising out of this arrangement will be arbitrated in the State of Texas under the rules of the
American Arbitration Association. The judgment of the arbitrator is final. The prevailing party gets costs and attorneys' fees paid. If termination of employment were due to a change of control, then your severance would be two years salary and two
years target bonus. You will be entitled to continue to receive during the two year severance period such company provided group health insurance, life insurance and long-term disability coverage as are in effect for you at the time of termination.
Furthermore, all un-vested Stock Options and Restricted Stock Grants will vest.
	

Start Date	
 	

Your start date is: December 29, 2000.

        Please
call me if you have any questions regarding this letter, as it is important for both of us to have a clear and complete understanding as possible. Vito Stellato, our Senior Vice
President of Human Resources is also available to answer any questions regarding benefits and relocation. Please feel free to contact him at 214-492-6758. 

        I
look forward to working with you and am confident that you are capable of making a significant contribution to the success of La Quinta. Welcome aboard. 

Sincerely, 

/s/
Butch 

Francis
W. Cash

President and CEO 

:lmb 

Encl. 

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EMPLOYEE'S ACCEPTANCE    
  

        I have received and read the attached offer letter, and agree to the terms outlined for the position of Senior Vice President and Chief Information Officer. 

	/s/  A. JOHN NOVAK      
 Signature of Employee	 	/s/  A. JOHN NOVAK      
 Printed Name
	

12/7/2001
 Date

	
 	

 

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Exhibit 10.32

EMPLOYEE'S ACCEPTANCE

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