Document:

Stock Unit Award Agreement between NHP and Donald D. Bradley

 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 April 23, 2007 by and between Nationwide Health Properties, Inc., a Maryland corporation (the “Corporation”), and Donald D. Bradley (the
“Executive”). 
 W I T N E S S E T H 
 WHEREAS, pursuant to the Nationwide Health Properties, Inc. 2005 Performance Incentive Plan (the “Plan”), the Corporation has granted to the Executive 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 Executive, and the mutual promises made herein and the mutual benefits to be derived therefrom, 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 Executive an Award
with respect to an aggregate of 30,807.1473 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 Executive if such Stock Units vest pursuant to Section 3 or Section 9. The Stock Units shall not be treated as
property or as a trust fund of any kind. 
 3. Vesting. Subject to Sections 8 and 9 below, the Award shall vest and become
nonforfeitable with respect to the applicable number of the total Stock Units subject to the Award (with such number subject to adjustment under Section 7.1 of the Plan) upon each date set forth in the table below (with the first such date set
forth below referred to herein as the “Initial Vesting Date”): 
  

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	 Date
	  	Number of Units
That Vest
	 January 23, 2014
	  	15,403.57365
	 January 23, 2015
	  	2,200.51052
	 January 23, 2016
	  	2,200.51052
	 January 23, 2017
	  	2,200.51052
	 January 23, 2018
	  	2,200.51052
	 January 23, 2019
	  	2,200.51052
	 January 23, 2020
	  	2,200.51052
	 January 23, 2021
	  	2,200.51053

 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. Except as expressly provided in Section 8(b), employment or service for only
a portion of any vesting period, even if a substantial portion, will not entitle the Executive 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 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 Executive’s status as an employee at will who is subject to termination without cause, confers upon the Executive 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 Executive’s other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Executive without his consent thereto. 
 5. Dividend and Voting Rights. 
 (a) Limitations on Rights Associated with Units. The Executive shall have no rights as a stockholder of the Corporation, no dividend rights (except as expressly provided in Sections 5(b) and 5(c) 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
Executive. 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 have either been paid pursuant to Section 7 or terminated pursuant to Sections 8 or 9, the Corporation shall credit the Executive as of the last day of the calendar quarter in which such
record date occurs (the “Crediting Date”) with an additional number of Stock Units equal to (i)

  

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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 hereunder) (with such total number adjusted pursuant to Section 7.1 of the Plan and/or Section 10 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 Crediting Date. 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. No crediting of Stock Units shall be made pursuant to this Section 5(b) with respect to any Stock Units which, as of such record
date, have either been paid pursuant to Section 7 or terminated pursuant to Sections 8 or 9. Notwithstanding the above, 68/91 (the number of days remaining in the quarter after the Award Date divided by the total number of days in the quarter)
of the dividend payable June 1, 2007, shall be payable in additional stock units on and applicable to the Stock Units and shall be credited on the Crediting Date of June 30, 2007. 
 (c) Special Crediting Date. Notwithstanding Section 5(b), if the vesting of the Award is accelerated in whole or in part pursuant to
an Acceleration Event (as defined in Section 9) as provided in Section 9, and the Corporation pays an ordinary cash dividend on its Common Stock for which the related dividend payment record date occurs during the calendar quarter in which
the Acceleration Event occurs and before the occurrence of such Acceleration Event, a Crediting Date shall be deemed to have occurred on the date of such Acceleration Event (a “Special Crediting Date”), and the Corporation shall
credit the Executive as of such Special Crediting Date 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 each such record date, multiplied by
(ii) the total number of outstanding and unpaid Stock Units (including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to Section 7.1 of the Plan and/or Section 10 hereof) subject to
the Award as of such record date, divided by (iii) the fair market value of a share of Common Stock on the Special Crediting Date. Any Stock Units credited pursuant to the foregoing provisions of this Section 5(c) shall be subject to the
same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate. No crediting of Stock Units shall be made pursuant to this Section 5(c) with respect to any Stock Units which, as of such
record date, have either been paid pursuant to Section 7 or terminated pursuant to Sections 8 or 9. For purposes of clarity, the Executive will not be entitled to a credit of additional Stock Units under both Section 5(b) and this
Section 5(c) with respect to any one dividend payment record date. 
 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. Except as provided below with respect to an Acceleration Event, on or as soon as administratively practical after the last day of any calendar quarter in which any Stock Units
subject to the Award became vested, the Corporation shall deliver to the Executive 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, 

  

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as determined by the Corporation in its discretion) equal to the number of such Stock Units that vested during such calendar quarter (including any vested
Stock Units credited in respect of Dividend Equivalent Rights for such calendar quarter pursuant to Section 5(b) hereof); provided, however, that the Executive may elect, on a form and in a manner prescribed by the Administrator, to defer any
such payment of vested Stock Units, provided that such election must be made no less than twelve (12) months before such payment would otherwise be made, must defer such payment for a period of not less than five (5) years, and must
otherwise comply with any applicable requirements of Section 409A of the Code. Notwithstanding the foregoing sentence, upon the occurrence of an Acceleration Event, the Stock Units that have vested as of the date of such Acceleration Event
(after giving effect to any accelerated vesting in connection with such event pursuant to Section 9 and the crediting of any Dividend Equivalent Rights pursuant to Section 5(c) hereof) shall be paid promptly after such Acceleration Event.
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 Executive 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 Executive shall have no further rights with respect to any Stock Units that
are paid pursuant to this Section 7 or that terminate pursuant to Sections 8 or 9. 
 8. Effect of Termination of
Employment. 
 (a) General. Subject to Section 8(b), the Executive’s Stock Units shall terminate to the extent
such units have not become vested prior to the first date the Executive is no longer employed by the Corporation or one of its Subsidiaries, regardless of the reason for the termination of the Executive’s employment with the Corporation or a
Subsidiary, whether with or without cause, voluntarily or involuntarily. 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 Executive, or the Executive’s beneficiary or personal representative, as the case may be. 
 (b) Death or Disability. Notwithstanding Section 8(a) or any other provisions of this Agreement or the Plan, in the event that the Executive’s employment with the Corporation and its
Subsidiaries terminates due to the Executive’s death or Disability (as defined below): 
  

	 	•	 	 at any time prior to the Initial Vesting Date, the Award shall vest and become nonforfeitable with respect to 1.1905% of the total number of Stock Units (subject to
adjustment under Section 7.1 of the Plan) for each month of Executive’s employment with the Corporation (measured with reference to monthly anniversaries of the Award Date) after the Award Date and ending with the date of such termination
of the Executive’s employment (rounded up to the nearest whole share); and 

  

	 	•	 	 at any time on or after the Initial Vesting Date, the Award shall become fully vested and nonforfeitable as of the date of such termination of the Executive’s
employment. 

  

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 For purposes of this Section 8(b), the term “Disability” shall have the meaning
ascribed to such term in that certain Change in Control Agreement dated April 23, 2007 by and between the Corporation and the Executive (as it may be amended from time to time, the “Change in Control Agreement”). Any Stock
Units subject to the Award that are not vested after giving effect to the foregoing provisions of this Section 8(b) shall terminate as of the date of termination of the Executive’s employment. 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 Executive, or the Executive’s
beneficiary or personal representative, as the case may be. 
 9. Effect of Change in Control Event. Notwithstanding
anything to the contrary in Section 3 of this Agreement or Section 7.2 of the Plan, in the event of the dissolution of the Corporation or other event described in Section 7.1 of the Plan (which generally covers 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”), the Award shall be deemed vested as of the effective
date of the Acceleration Event with respect to the applicable number of the total Stock Units subject to the Award (with such number subject to adjustment under Section 7.1 of the Plan) set forth in the table below based upon the year following
the Award Date (measured with reference to anniversaries of the Award Date) in which such Acceleration Event occurs: 
  

			
	 Year Following Award Date
	  	Number of Units
Deemed Vest
	 1st
	  	9,242.14419
	 2nd
	  	10,905.73014
	 3rd
	  	12,569.31610
	 4th
	  	14,232.90205
	 5th
	  	15,896.48800
	 6th
	  	17,560.07396
	 7th
	  	19,223.65992
	 8th
	  	20,887.24587
	 9th
	  	22,550.83182
	 10th
	  	24,214.41778
	 11th
	  	25,878.00373
	 12th
	  	27,541.58969
	 13th
	  	29,205.17564
	 14th
	  	30,807.14730

 Any Stock Units subject to the Award that are not vested after giving effect to the foregoing
provisions of this Section 9 shall terminate as of the effective date of the Acceleration Event, unless provision has been expressly made by the Administrator, through a plan of reorganization or otherwise, for the survival, substitution,
assumption or exchange of the Award in connection with the Acceleration Event. If any unvested Stock Units are terminated 

  

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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 Executive, or the Executive’s beneficiary or personal representative, as the case may be. 
 10. Adjustments Upon Specified Events. The Administrator may accelerate payment and vesting of the Stock Units in such circumstances as it, in its sole discretion, may determine. In addition, 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
pursuant to Sections 5(b) or 5(c). 
 11. 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. 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 Executive and/or to deduct from other compensation payable to the Executive
any sums required by federal, state or local tax law to be withheld with respect to such distribution or payment. 
 12.
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 Executive at the Executive’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 Executive 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. 
 13. Plan. The Award and all rights of the
Executive under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Executive agrees to be bound by the terms of the Plan and this Agreement. The Executive 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 Executive 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. 
  

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 14. 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 of this Agreement to the contrary, if the Executive
is a “specified employee” as defined in Code Section 409A and, as a result of that status, any portion of the payments under this Agreement would otherwise be subject to taxation pursuant to Code Section 409A, the Executive shall
not be entitled to any payments upon a termination of his employment until the earlier of (i) the date which is six (6) months after his termination of employment for any reason other than death, or (ii) the date of the
Executive’s death; provided the first such payment thereafter shall include all amounts that would have been paid earlier but for such six (6) month delay. The Corporation and the Executive agree to act reasonably and to cooperate to amend
or modify this Agreement to the extent reasonably necessary to avoid the imposition of the tax under Code Section 409A. 
 15.
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 Executive 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 Executive is subject to a written employment, change in control or similar agreement with the Corporation that is in effect as of the date of termination of the Executive’s employment with the Corporation
and its Subsidiaries and the Executive 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 Executive’s employment in the
circumstances, the provisions of such agreement shall control with respect to such vesting rights, and the corresponding provisions of this Agreement shall not apply. 
 16. Limitation on Executive’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 Executive 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. 
 17. 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. 
 18. 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. 
  

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 19. 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. 
 [Remainder of page
intentionally left blank] 
  

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

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

  

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 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 Executive 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:                     , 2007 
  

			
	  
	 	
	 Signature of Spouse
	 	
		
	  
	 	
	 Print Name
	 	

  

 10Amended and Restated Employment Agreement between NHP and Douglas M. Pasquale

 Exhibit 10.3 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
 (Douglas M. Pasquale) 
 This AMENDED AND
RESTATED EMPLOYMENT AGREEMENT is entered into this 23rd day of April, 2007, by and between Nationwide Health Properties, Inc., a Maryland corporation (the “Company”), and Douglas M. Pasquale (the “Executive”). 
 The Board of Directors of the Company has determined that it is in the best interests of the Company and its shareholders to enter into this Amended and
Restated Employment Agreement with Executive to assure that the Company will continue to have the service and dedication of Executive. Except for any stock unit awards, restricted stock awards, stock appreciation rights awards, performance share
awards or other similar equity grants, including Stock Options, this Amended and Restated Employment Agreement contains the entire agreement between the parties with respect to the matters specified herein, and supersedes any prior oral and written
employment agreements, understandings and commitments between the Company and Executive, and any severance or employment security policy of the Company which may cover Executive. 
 NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
  

	I.	Definitions. 

 (1) “Cause” shall
mean (a) the willful and continued failure of Executive to perform substantially his duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness) which is not remedied promptly by Executive
after a written demand for substantial performance is delivered to Executive by the Board which specifically identifies the manner in which the Board believes that Executive has not substantially performed his duties, or (b) the willful
engaging by Executive in illegal conduct as determined by a court of law or gross misconduct, which 

  

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is materially and demonstrably injurious to the Company. For purposes of this definition, no act or failure to act on the part of Executive shall be
considered “willful” unless it is done, or omitted to be done, by Executive in bad faith or without reasonable belief that Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon
authority given pursuant to a resolution duly adopted by the Board or a committee thereof or based on the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best
interests of the Company. 
 (2) “Disability” shall mean the absence of Executive from his duties with the Company on a
full-time basis for a period of (a) ninety (90) consecutive calendar days or (b) an aggregate of one hundred fifty (150) or more calendar days in any fiscal year, as a result of mental or physical illness which is determined to
be total and permanent by a physician selected by the Company or its insurers and acceptable to Executive. 
 (3) “Effective
Date” shall mean January 1, 2007. 
 (4) “Employment Period” shall mean the period commencing on
November 1, 2003 and ending on the third anniversary thereof; provided, however, that commencing on December 1, 2003 and on the first day of each month thereafter (the most recent of such dates is hereinafter referred to as the
“Renewal Date”), the Employment Period shall be automatically extended so as to terminate on the third anniversary of such Renewal Date, unless the Company or Executive shall give notice to the other that the Employment Period shall not be
further extended prior to any such Renewal Date. 
 (5) “Stock Options” means only stock options issued pursuant to
Nationwide Health Properties, Inc. 1989 Stock Option Plan as Amended and Restated April 20, 2001, and as it may be further amended, or any other stock option plan of the Company approved by the shareholders. 
  

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 II. Conditions of Employment. 
 (1) Position and Duties. Executive is to be employed as President and Chief Executive Officer of the Company. During the Employment Period, (a) Executive’s position (including titles),
authority, duties and responsibilities shall be at least commensurate with the most significant of those held, exercised and assigned to Executive at any time, and (b) Executive’s services shall be performed at the location where Executive
was employed at the commencement of the Employment Period or any office or location within ten (10) miles from such location. During the Employment Period, and excluding any periods of vacation and sick leave to which Executive is entitled,
Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company, and, to the extent necessary to discharge the responsibilities assigned to Executive hereunder, to use Executive’s
reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period, it shall not be a violation of this Agreement for Executive to serve on corporate, civic or charitable boards or committees so long as
such activities do not interfere with the performance of Executive’s responsibilities as an employee of the Company in accordance with this Agreement. 
 (2) Compensation 
 (a) Base Salary. As of the Effective Date, Executive shall receive an
annual salary base salary (the “Annual Base Salary”) of $538,500, payable in twice monthly installments (except if deferred by Executive under a Company-sponsored deferral plan). Executive’s Annual Base Salary shall be reviewed by the
Compensation Committee of the Board (the “Committee”) each January during the Employment Period. Any increase in Annual Base Salary approved by the Committee shall not serve to limit or reduce any other obligation to Executive under this
Agreement. 
 (b) Annual Bonus. In addition to Annual Base Salary, Executive shall be eligible to receive, for each fiscal year
ending during the Employment Period, an annual bonus (the “Annual Bonus”), with the specific amount determined by the Committee 

  

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based on its assessment of the Company’s and Executive’s performance for the fiscal year. Such Annual Bonus shall range from 0% to 200%, with a
target of 100%, of the Annual Base Salary earned by Executive in such fiscal year. In assessing such performance, the Committee shall take into account the growth and income of the Company relative to its annual financial plan, the quality of the
Company’s assets, Executive’s performance in terms of implementing the Company’s business strategy, and other considerations deemed by the Committee to be relevant to the current and future success of the Company. The Annual Bonus
earned by Executive shall be paid to Executive no later than the 15th day of the third month following the end of
the fiscal year to which the Annual Bonus applies, unless such Annual Bonus is voluntarily deferred by Executive in accordance with a Company sponsored deferral program. 
 (c) Share–Based Compensation. In addition to Annual Base Salary and Annual Bonus, Executive shall be eligible to receive share-based compensation at least annually in accordance with the
Company’s compensation plan. 
 The specific share-based compensation awards granted to Executive, the specific performance objectives
associated with earning the share-based compensation, and any vesting restrictions placed on the share-based compensation shall be determined by the Committee. 
 (d) Benefit Plans. During the Employment Period, Executive and/or Executive’s beneficiaries, as the case may be, shall participate in and shall receive all benefits under Company-sponsored
retirement plans, savings plans, deferral plans, medical plans (including dental, vision and drug prescription plans), life insurance plans, disability plans, and accidental death and travel accident insurance plans provided to Executive as of the
Effective Date or as otherwise agreed to by Executive. 
 (e) Fringe Benefits. During the Employment Period, Executive shall be
entitled to annual paid vacation time of five (5) weeks per calendar year. In addition, Executive shall be entitled to receive any fringe benefits or perquisites, or substantial 

  

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equivalents thereof, including club memberships, existing or subsequently introduced by the Company during the Employment Period for the President and Chief
Executive Officer. 
 (f) Expenses. Upon presentment of verifiable invoices to the Company’s Controller or Chief Financial
Officer (the “Authorized Officer”) and other documentation as may be requested by the Company, and subject to the Company’s expense reimbursement policies, the Company shall reimburse Executive for the reasonable costs and expenses
which he incurs in connection with the performance of his duties and obligations under this Agreement. In addition, the Company shall reimburse Executive for all legal expenses incurred by Executive in the preparation, negotiation and execution of
this Agreement. 
  

	III.	Termination of Employment 

 (1) Death or Disability. Executive’s employment with the Company shall terminate automatically upon Executive’s death during the Employment Period. In the event of Executive’s Disability
during the Employment Period (pursuant to the definition of Disability set forth in Section I (2) of this Agreement), the Company may, at the discretion of the Board, give Executive written notice in accordance with Section IX (2) of this
Agreement of its intention to terminate Executive’s employment with the Company. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by Executive (the “Effective Disability Date”), provided that, within the thirty (30) days after such receipt,
Executive shall not have returned to full-time performance of his duties; provided that if Executive has returned to full-time performance of his duties, the Company may not terminate Executive due to a Disability until such time limits have again
been met. 
 (2) Cause. The Company may terminate Executive’s employment during the Employment Period for Cause. The
termination of employment of Executive shall not be 

  

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deemed to be for Cause unless and until there shall have been delivered to Executive a notice that Executive is guilty of the conduct described in Section I
(1) specifying the particulars thereof in reasonable detail. 
 (3) Good Reason. Executive’s employment with the
Company may be terminated by Executive during the Employment Period for Good Reason. For purposes of this Agreement, “Good Reason” shall mean (a) without the express written consent of Executive, the assignment to Executive of any
duties or any other action by the Board which results in a material diminution in Executive’s position (including titles), authority, duties or responsibilities from those contemplated in Section II (1) of this Agreement, excluding for
this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Board promptly after receipt of notice thereof given by Executive; (b) any failure by the Company to comply with any of the
provisions of Section II (2) of this Agreement, other than an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by Executive; (c) a
requirement by the Board that the primary business location of Executive be relocated more than ten (10) miles from the location where Executive was employed at the commencement of the Employment Period; (d) any purported termination by
the Company of Executive’s employment other than as expressly permitted by this Agreement; or (e) any Change of Control of the Company. “Change of Control” shall mean a change in control of the Company of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A, Regulation 240.14a-101, promulgated under the Securities Exchange Act of 1934 as in effect on the Effective Date or, if Item 6(e) is no longer in effect, any regulation
issued by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934 which serves similar purposes; provided that, without limitation, a Change of Control shall be deemed to have occurred if and when (a) any
“person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) is or 

  

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becomes a beneficial owner, directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power
of the Company’s then outstanding securities, or (b) individuals who are members of the Board immediately prior to a meeting of the shareholders of the Company involving the election of directors shall not constitute a majority of the
Board following such election. 
 (4) Notice of Termination. Any termination of employment of Executive during the Employment
Period by the Company for Cause, or by Executive for Good Reason, shall be communicated to the other party hereto in accordance with Section IX (2) of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a
written notice which (a) indicates the specific termination provision in this Agreement relied upon, (b) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of
Executive’s employment with the Company under the provision so indicated, and (c) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date (which date shall not be more
than thirty (30) days after giving of such notice). The failure by Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of
Executive or the Company, respectively, hereunder or preclude Executive or the Company, respectively, from asserting such fact or circumstance in enforcing Executive’s or the Company’s rights hereunder. 
 (5) Date of Termination. “Date of Termination” means (a) if Executive’s employment is terminated by the Company for
Cause, or by Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified therein, as the case may be, (b) if Executive’s employment is terminated by the Company other than for Cause, death or
Disability, the date on which the Company notifies Executive of such termination, and (c) if Executive’s employment is terminated by reason of death or Disability, the date of death of Executive or the Effective Disability Date, as the
case may be. 
  

 7 

	IV.	Obligations of the Company upon Termination of Executive’s Employment. 

 (1) Termination by Executive for Good Reason or by Company Other than for Cause, Death or Disability. If during the Employment Period, Executive shall terminate his employment with the Company for Good
Reason or the Company shall terminate Executive’s employment other than for Cause, death or Disability, the Company shall pay to Executive (i) any Annual Base Salary owed to Executive through the Date of Termination to the extent not
previously paid, (ii) a pro-rated portion of the Annual Bonus, (iii) an amount equal to three (3) times Executive’s highest Annual Base Salary during any of the last three full fiscal years prior to the Date of Termination, and
(iv) an amount equal to three (3) times the average Annual Bonus earned by Executive over the last three full fiscal years prior to the Date of Termination. 
 In addition to the payments described in subparagraphs (i), (ii), (iii), and (iv) above, the Company also shall (A) arrange to provide to Executive for a period of three years from the Date of Termination,
medical insurance (including dental, vision and prescription drug coverage) and life insurance with terms no less favorable, in the aggregate, than the most favorable of those provided to Executive during the year immediately preceding the Date of
Termination, and continue all other benefits in place as of the Date of Termination, (B) immediately vest all previously unvested shares of restricted stock, stock options (including Stock Options), restricted stock units, stock appreciation
rights, performance shares, and any and all other stock-based compensation awards received and held by Executive (which shall occur automatically without any action on the part of the Company), (C) provide Executive with any Performance-Based
Dividend Equivalents (to the extent earned by the Executive though the Date of Termination, as determined by the Company’s Compensation Committee) for the three 

  

 8 

 
years following the Date of Termination, and (D) pay any compensation previously deferred by Executive in accordance with the provisions of the plan
under which such compensation was deferred. 
 Payments pursuant to subparagraph (i) above shall be made within thirty (30) days
following the Date of Termination. Payments pursuant to subparagraph (ii) above shall be made in equal monthly installments over the three-year period following the Date of Termination. Payments pursuant to subparagraph (iii) above shall
be made in equal annual installments over the three-year period following the Date of Termination on each anniversary following the Date of Termination. Payments pursuant to subparagraph (C) above shall be made at the time such payments would
have been made had Executive remained in the employment of the Company. 
 If Executive should die while receiving payments pursuant to this
Article IV, the remaining payments which would have been made to Executive if he had lived shall be paid to the beneficiary designated in writing by Executive, or if there is no effective written designation, then to his spouse, or if there is
neither an effective written designation nor a surviving spouse, then to Executive’s estate. Designation of a beneficiary or beneficiaries to receive the balance of any such payments shall be made by written notice to the Company, and Executive
may revoke or change any such designation of beneficiary at any time by a later written notice to the Company. 
 (2) Death. If
Executive’s employment with the Company is terminated by reason of Executive’s death during the Employment Period, this Agreement shall terminate without further obligations to Executive’s legal representatives under this Agreement,
other than for (a) payment of any Base Salary previously earned by Executive but as yet unpaid, (b) payment of any Annual Bonus previously awarded to Executive for a fiscal year completed prior to the Date of Termination but as yet unpaid,
(c) a pro-rated portion of the Annual Bonus, and (d) the continuation of any existing rights Executive may have following death under the provisions of any benefit, stock option, deferral or 

  

 9 

 
compensation plan provided to Executive by the Company; provided, that, all stock-based compensation awards of any kind shall at a minimum vest pro rata on
the Date of Termination automatically without any action on the part of the Company. 
 (3) Disability. If Executive’s
employment with the Company is terminated by reason of Executive’s Disability during the Employment Period in accordance with Section III (1) of this Agreement, this Agreement shall terminate without further obligations to Executive other
than for (a) payment of any Base Salary previously earned by Executive but as yet unpaid, (b) payment of any Annual Bonus previously awarded to Executive for a fiscal year completed prior to the Date of Termination but as yet unpaid,
(c) a pro-rated portion of the Annual Bonus, and (d) the continuation of any existing rights Executive may have following Disability under the provisions of any benefit, stock option, deferral or compensation plan provided to Executive by
the Company; provided, that, all stock-based compensation awards of any kind shall at a minimum vest pro rata on the Date of Termination automatically without any action on the part of the Company. 
 (4) Cause; Other than for Good Reason. If, during the Employment Period, Executive’s employment shall be terminated for Cause or if
Executive voluntarily terminates his employment with the Company other than for Good Reason, this Agreement shall terminate without further obligations to Executive other than for (a) payment of any Base Salary previously earned by Executive
but as yet unpaid, (b) payment of any Annual Bonus previously awarded to Executive for a fiscal year completed prior to the Date of Termination but as yet unpaid, (c) payment of any earned vacation pay (or payment for vacation time earned
but not taken), and (d) the continuation of any existing rights Executive may have following termination for Cause or voluntary termination other than for Good Reason under any benefit, stock option, deferral or compensation plan provided to
Executive by the Company. 
 (5) If any portion of the payments set forth in Sections IV (1)-(4) above (the “Termination
Payments”), together with any and all other amounts due and payable to 

  

 10 

 
Executive as a result of such transaction (including any amounts payable with respect to any Stock Options or any other stock-based awards held by
Executive), shall be deemed to be an “excess parachute payment” under Section 280G of the Internal Revenue Code, the amount of such payments shall be increased so that after the payment of (A) the excise tax payable under
Section 4999 of the Internal Revenue Code by Executive on the Termination Payments and increased amounts payable hereunder, and (B) any and all federal and state income, excise and other tax payable by Executive on the increased amounts
payable hereunder, the amount received by Executive is equal to the Termination Payments. 
 (6) If, at the time of Executive’s
termination of employment, Executive is a specified employee (as defined in Section 416(i) of the Internal Revenue Code) and the Company’s stock is publicly traded, any payments or benefits due to Executive under Section IV (1) in
excess of the payments and benefits due to Executive had he continued to be employed by the Company (the “Severance Package”) shall be payable not earlier than six (6) months after the Date of Termination. As soon as practicable
following the date that is six (6) months after the Date of Termination, Executive shall receive the entire portion of the Severance Package he would have received as of such date without the application of this Section IV (6) and
thereafter shall receive the remaining Severance Package as provided in Section IV (1). 
 (7) The Company and the Executive intend that no
part of the Severance Package or any other payment or benefit to Executive under this Agreement or any other compensation plan or arrangement shall be subject to the tax imposed under Section 409A of the Internal Revenue Code. The Company and
the Executive further agree to act reasonably and to cooperate to amend or modify this Agreement or any other such compensation arrangement to the extent reasonably necessary to avoid the imposition of tax under Section 409A of the Internal
Revenue Code. 
  

 11 

	V.	Non-Exclusivity of Rights; Controlling Agreement. 

 Nothing in this Agreement shall prevent or limit Executive’s continuing or future participation in any plan, program, policy or practice provided by the Company for which Executive may qualify, nor shall anything herein limit or
otherwise affect such rights as Executive may have under any contract or agreement with the Company. Amounts which are vested or which Executive is otherwise entitled to receive under any plan, policy, practice or program of, or any contract or
agreement (other than this Agreement) with the Company at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program or contract or agreement except as explicitly modified by this Agreement.
Executive shall not be covered by any prior employment agreement, security policy or understanding thereof after the Effective Date of this Agreement and shall not be covered by any severance policy, practice or program of the Company.
Notwithstanding any other provision of any plan, policy, award agreement, practice or program in which Executive participates, in the event there is any conflict between the terms of such plan, policy, award agreement practice or program with the
rights that Executive has under this Amended and Restated Employment Agreement with regard to payments, vesting or any other matter, this Amended and Restated Employment Agreement shall control; provided, however, that the Company shall use its best
efforts to provide Executive with written notice of any plan, policy, award agreement, practice or program that would provide terms more favorable to Executive than terms under this Agreement, to allow Executive to request that such new terms apply
under this Agreement. 
  

	VI.	Full Settlement; Offsets. 

 The
Company’s obligations to make payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, defense or other claim, right or action which the Company may have
against Executive or others. 
  

 12 

 Executive shall not be obligated to seek other employment or to take any other action by way of
mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and in the event Executive does seek other employment, the terms of such employment (including any compensation received in conjunction therewith) shall
not modify, mitigate or offset the amounts payable to Executive under any of the provisions of this Agreement. 
  

	VII.	Confidential Information. 

 Executive shall
hold in a fiduciary capacity for the benefit of the Company all secret or confidential business information and knowledge or data relating to the Company and its business which shall have been obtained during Executive’s employment by the
Company and which shall not be or become public knowledge (other than by acts of Executive or representatives of Executive in violation of this Agreement) or be information already known to Executive prior to the Employment Period. After termination
of Executive’s employment with the Company, Executive shall not, without the prior written consent of the Board, or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone
other than the Company or those designated by it. Upon Executive’s violation of the provisions of this Section VII, the Company shall be relieved of all future obligations to Executive under this Agreement. However, in no event shall an
asserted or alleged violation of the provisions of this Section VII constitute a basis for deferring or withholding any amounts otherwise payable to Executive until such asserted or alleged violation is determined pursuant to an arbitration
proceeding pursuant to Section X. 
  

 13 

	VIII.	 Successors. 

 (1) This Agreement is
personal to Executive and without the prior written consent of the Board shall not be assignable by Executive otherwise than by will or by the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by
Executive’s legal representatives. 
 (2) This Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns. 
  

	IX.	Miscellaneous. 

 (1) This Agreement shall be
governed by and construed in accordance with the laws of the State of California. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by
a written agreement executed by the parties hereto or their respective successors and legal representatives. 
 (2) All notices and other
communications hereunder shall be in writing and shall be given by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to Executive: 
 Douglas M. Pasquale, President and Chief Executive Officer 
 610 Newport Center Drive Suite 1150 
 Newport
Beach, CA 92660 
 With a copy to: 
 Douglas M. Pasquale 
 8 Knowles 
 Irvine, CA 92612 
 If to the Company: 
 Nationwide Health Properties, Inc. 
 610 Newport Center Drive, Suite 1150 
 Newport Beach, CA 92660 
 Attention: Chairman

 With a copy to: 
 Mr. Charles
D. Miller, Chairman 
 150 North Orange Grove Boulevard 
 Pasadena, CA 91103 
  

 14 

 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and
communications shall be effective when actually received by the addressee. 
 (3) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 (4) The Company may withhold from any
amounts payable under this Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (5) Any failure by Executive or the Company to insist upon strict compliance with any provision hereof or any other provision of this Agreement, or the failure to assert any right Executive or the Company may have
hereunder, including, without limitation, the right of Executive to terminate employment with the Company for Good Reason, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

(6) The Company shall provide Executive with a Directors and Officers Indemnity Agreement to be mutually agreed upon between Executive and the Board
but no less favorable than those for other executives or Directors of the Company, and shall obtain or have obtained Directors and Officers Insurance which includes coverage for Executive. 
  

	X.	Arbitration. 

 (1) The parties agree that any
disputes, controversies or claims which arise out of or are related to this Agreement, Executive’s employment or termination of employment, including, but not limited to, any claim relating to the purported validity, interpretation,
enforceability or breach of this Agreement, and/or any other claim or controversy arising 

  

 15 

 
out of the relationship between Executive and the Company (or the nature of the relationship) or the continuation or termination of that relationship,
including, but not limited to, claims that a termination was for Cause or for Good Reason, claims for breach of covenant, breach of an implied covenant of good faith and fair dealing, wrongful termination, breach of contract, intentional infliction
of emotional distress, defamation, breach of right of privacy, interference with advantageous or contractual relations, fraud, conspiracy or other tort or property claims of any kind, which are not settled between the parties, shall be settled by
arbitration in accordance with the then-current Rules of Practice and Procedure for Employment Arbitration (the “Rules”) of the Judicial Arbitration and Mediation Services, Inc. (“JAMS”). 
 (2) The arbitration shall be before a single arbitrator selected in accordance with the JAMS Rules or otherwise by mutual agreement of the parties. The
Arbitration shall take place in Orange County, California, unless the parties mutually agree to hold the arbitration at another location. Depositions and other discovery shall be allowed in accordance with the JAMS Rules. The arbitrator shall apply
the substantive law (and the law of remedies, if applicable) of the State of California or Federal law, or both, as applicable to the claim(s) asserted. 
 (3) In consideration of the parties’ agreement to submit to arbitration all disputes with regard to this Agreement and/or with regard to any alleged contract, or any other claim arising out of their conduct, the
relationship existing hereunder or the continuation or termination of that relationship, and in further consideration of the anticipated expedition and the minimizing of expense of this arbitration remedy, the arbitration provisions of this
Agreement shall provide the exclusive remedy, and each party expressly waives any right he or it may have to seek redress in another forum. The arbitrator, and not any Federal, state, or local court or agency shall have exclusive authority to
resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Agreement, including but not limited to, any claim that all or any part of this Agreement is void or voidable. The arbitration shall be final and
binding upon the parties. 
  

 16 

 (4) Either party may bring an action in any court of competent jurisdiction to compel arbitration under
this Agreement and to enforce an arbitration award. Except as otherwise provided for in this Agreement, both the Company and Executive agree that neither of them shall initiate or prosecute any lawsuit or administrative action in any way related to
any claim covered by this Agreement. 
 (5) Any claim which either party has against the other party that could be submitted for resolution
pursuant to this Section X must be presented in writing by the claiming party to the other party within one year of the date the claiming party knew or should have known of the facts giving rise to the claim, except that claims arising out of or
related to the termination of Executive’s employment must be presented by Executive within one year of the Date of Termination (not including any claims related to payouts or other obligations of the Company after the Date of Termination, for
which the one year time period after “Executive knew or should have known” will apply). Unless the party against whom any claim is asserted waives the time limits set forth above, any claim not brought within the time periods specified
herein shall be waived and forever barred, even if there is a Federal or state statute of limitations which would have given more time to pursue the claim. 
 (6) The Company shall advance the costs and expenses of the arbitrator. In any arbitration to enforce any of the provisions or rights under this Agreement, the unsuccessful party in such arbitration, as determined by
the arbitrator, shall pay to the successful party all costs, expenses and reasonable attorneys’ fees incurred therein by such party (including without limitation such costs, expenses and fees on any appeals), and if such successful party shall
recover an award in any such arbitration proceeding, such costs, expenses and attorneys’ fees shall be included as part of such award. Notwithstanding the foregoing provision, in no event shall the successful party be entitled 

  

 17 

 
to recover an amount from the unsuccessful party for costs, expenses and attorneys’ fees that exceeds the unsuccessful party’s costs, expenses and
attorneys’ fees incurred in connection with the action or proceeding. 
 (7) Any decision and award or order of the arbitrator shall be
final and binding upon the parties hereto and judgment thereon may be entered in the Superior Court of the State of California or any other court having jurisdiction. 
 (8) Each of the above terms and conditions shall have separate validity, and the invalidity of any part thereof shall not affect the remaining parts. 
 (9) Any decision and award or order of the arbitrator shall be final and binding between the parties as to all claims which were or could have been
raised in connection with the dispute to the full extent permitted by law. In all other cases the parties agree that the decision of the arbitrator shall be a condition precedent to the institution or maintenance of any legal, equitable,
administrative, or other formal proceeding by Executive or the Company in connection with the dispute, and that the decision and opinion of the arbitrator may be presented in any other forum on the merits of the dispute. 
 IN WITNESS WHEREOF, Executive has hereunto set Executive’s hand, and pursuant to the authorization from the Board, the Company has caused this
Amended and Restated Employment Agreement of Douglas M. Pasquale to be executed in its name on its behalf, all as of the day and year first above written. 
  

			
	 Nationwide Health Properties, Inc.

		
	 By:
	 	  

	
	 Executive

	
	  

	Douglas M. Pasquale

  

 18

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