Document:

EX-10.2

 Exhibit 10.2 

Execution Copy 

NONQUALIFIED STOCK OPTION AGREEMENT 

This Nonqualified Stock Option Agreement (this “Agreement”) sets forth the terms of a nonqualified stock option award granted
on January 7, 2019 (“Date of Grant” or the “Effective Date”) by Capital Senior Living Corporation, a Delaware corporation (the “Company”), to Kimberly Lody (“Holder”). This
Agreement is made as an inducement to the Holder to accept employment with the Company, and as such is not subject to the terms, and provisions, of the 2007 Omnibus Stock and Incentive Plan For Capital Senior Living Corporation as amended and
restated and as may be amended and restated subsequent to the Date of Grant (the “Plan”), however, capitalized terms used but not defined in this Agreement have the meanings ascribed to them in the Plan provided, however, that the term
Change in Control as used in this Agreement shall have the meaning ascribed in the Employment Agreement. 
 RECITALS 

A. The Company and Holder entered into that certain employment agreement dated January 7, 2019 (the “Employment Agreement”).

 B. The Committee has determined that it is in its best interest to offer the Holder nonqualified stock options to purchase Common Stock of
the Company as an inducement to the Holder to accept employment with the Company. 
 C. Holder wishes to accept such grant of Nonqualified
Stock Options on the terms and subject to the conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the
mutual promises set forth in this Agreement, and for other good and valuable consideration, the adequacy of which is acknowledged by the parties’ execution of this Agreement, the Company and the Holder agree as follows: 

1. Grant of Nonqualified Stock Options. The Company has granted to the Holder on the Date of Grant 147,239 Nonqualified
Stock Options to purchase Common Stock of the Company, on the terms and conditions and subject to the restrictions set forth in this Agreement. This grant of Nonqualified Stock Options is made in consideration of the services to be rendered by the
Holder to the Company. 
 2. Exercise. The Exercise Price of the Nonqualified Stock Options granted to the Holder under this
Agreement is $7.46, which is greater than or equal to Fair Market Value on the Date of Grant. Nonqualified Stock Options which have become exercisable may be exercised by delivery of a Notice of Exercise to the Committee or in such other manner as
determined by the Committee. The Nonqualified Stock Option Price shall be payable by cash, certified or cashier’s check, wire transfer, money order, authorizing the Company to withhold shares of Common Stock from the shares of Common Stock
otherwise issuable or deliverable to the Holder as a result of the exercise of the Nonqualified Stock Options, or a combination of the above. The Holder shall have the right to exercise Nonqualified Stock Options that have vested in accordance with
Section 3 of this Agreement at any time prior to the 10th anniversary of the Date of Grant. 

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 3. Vesting. 

a. Vesting Schedule. Except as otherwise provided in this Agreement, provided that the Holder remains in Continuous Service (as defined
below) through the applicable vesting date, the Nonqualified Stock Options will vest in accordance with the following schedule: 
  

	 	i.	 33% of the Nonqualified Stock Options shown in Section 1, on the 1st anniversary of the Date of Grant; and

  

	 	ii.	 33% of the Nonqualified Stock Options shown in Section 1 on the 2nd anniversary of the Date of Grant; and

  

	 	iii.	 34% of the Nonqualified Stock Options shown in Section 1 on the 3rd anniversary of the Date of Grant;

 For purposes of this Agreement, “Continuous Service” means the Holder’s service with the Company,
whether as an employee, consultant or director, is not interrupted or terminated, other than for temporary absences, including, without limitation, reasonable vacation time, sick leave, military leave or any other personal or family leave of
absence. The Holder’s Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the Holder renders service to the Company as an employee, consultant or director or a change in the entity for
which the Holder renders such service, provided that there is no interruption or termination of the Holder’s Continuous Service; and provided further that if any Award is subject to Section 409A of the Code, this sentence shall only be
given effect to the extent consistent with Section 409A of the Code. 
 b. Termination of Continuous Service. Except as set forth
in this Agreement, the foregoing vesting schedule notwithstanding, if the Holder’s Continuous Service terminates for any reason at any time before all of his or her Nonqualified Stock Options have vested, the Holder’s unvested Nonqualified
Stock Options shall be automatically forfeited upon such termination of Continuous Service and the Company shall have no further obligations to the Holder under this Agreement with respect to such unvested Nonqualified Stock Options. This Agreement
shall not confer upon the Holder any right to be retained in any position, as an employee, consultant or director of the Company. Further, nothing in this Agreement shall be construed to limit the discretion of the Company to terminate the
Holder’s Continuous Service at any time, with or without Cause. 
 c. Change of Control. The Nonqualified Stock Options shall not
automatically become Vested Shares on a Change in Control. Notwithstanding any provision herein to the contrary, (i) if the Committee has made a provision for the substitution, assumption, exchange or other continuation of the Nonqualified
Stock Options in connection with a Change in Control, then in the event that the Holder’s Continuous Service is terminated (A) by the Company due to death or Disability or Retirement following the occurrence of the Change in Control, the

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unvested Nonqualified Stock Options shall immediately fully vest, or (B) (1) by the Company other than for Cause (as defined in such Holder’s employment agreement (or, if not defined
therein, as defined in the Plan)) and other than due to death or Disability or Retirement or (2) by the Holder for Good Reason (as defined in such Holders employment agreement), in each case within one (1) year following the occurrence of
the Change in Control, the unvested Nonqualified Stock Options shall immediately fully vest; or (ii) if the Committee has not made a provision for the substitution, assumption, exchange or other continuation of the Nonqualified Stock Options in
connection with a Change in Control, the unvested Nonqualified Stock Options shall fully vest immediately prior to the Change in Control and then the Holder may exercise the Nonqualified Stock Option for a period of ninety (90) days following
the date the Change in Control occurs. 
 d. Death. If the Holder dies within the Nonqualified Stock Option Period (or such other
period as may have been established by the Committee), any rights to the extent exercisable on the date of death may be exercised by the Holder’s estate, or by a person who acquires the right to exercise such Nonqualified Stock Option by
bequest or inheritance or by reason of the death of the Holder, provided that such exercise occurs within both the Nonqualified Stock Option Period and one (1) year after the Holder’s death (or within such other period as determined by the
Committee). 
 e. Disability. The foregoing vesting schedule notwithstanding, if the Holder’s Continuous Service terminates as a
result of Disability of the Holder, then the Holder may exercise any Nonqualified Stock Options to the extent exercisable on the date of termination (or within such other period as determined by the Committee) within one (1) year from the date
of termination. 
 4. Transfer Restrictions. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or
encumber the Nonqualified Stock Options or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Nonqualified Stock Options will be forfeited by the Holder and all of the Holder’s rights to such shares
shall immediately terminate without any payment or consideration by the Company. 
 5. No Rights as a Stockholder; Dividends.
The Nonqualified Stock Options granted to the Holder under this Agreement will not entitle the Holder to any voting, dividend or other rights as a shareholder of the Company. 

6. Tax Liability and Withholding. 

a. Payment of Taxes. The Holder shall be required to pay to the Company, and the Company shall have the right to deduct from any
compensation paid to the Holder pursuant to this Agreement, the amount of any required withholding taxes in respect of the Nonqualified Stock Option granted under this Agreement and to take all such other action as the Committee deems necessary to
satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Holder to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means:
(i) tendering a cash payment; (ii) authorizing the Company to withhold shares of Common Stock from the shares of Common 

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Stock otherwise issuable or deliverable to the Holder as a result of the exercise of the Nonqualified Stock Options; provided, however, that no shares of Common Stock shall be withheld with a
value exceeding the minimum amount of tax required to be withheld by law; or (iii) delivering to the Company previously owned and unencumbered shares of Common Stock. 

b. Liability. Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or
other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and
remains the Holder’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or exercise of
the Nonqualified Stock Options or the subsequent sale of any shares; and (b) does not commit to structure the Nonqualified Stock Options to reduce or eliminate the Holder’s liability for Tax-Related
Items. 
 7. Compliance with Law. 

a. Compliance. The issuance and transfer of shares in accordance with the Nonqualified Stock Options granted under this Agreement shall
be subject to compliance by the Company and the Holder with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s shares of Common Stock may be listed.
No shares of Common Stock granted by the exercise of Nonqualified Stock Options under this Agreement shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully
complied with to the satisfaction of the Company and its counsel. The Holder understands that the Company is under no obligation to register the shares of Common Stock with the Securities and Exchange Commission, any state securities commission or
any stock exchange to effect such compliance. 
 b. Legend. A legend may be placed on any certificate(s) or other document(s)
delivered to the Holder indicating restrictions on transferability of the shares of Common Stock granted by the exercise of Nonqualified Stock Options pursuant to this Agreement or any other restrictions that the Committee may deem advisable under
the rules, regulations and other requirements of the Securities and Exchange Commission, any applicable federal or state securities laws or any stock exchange on which the shares of Common Stock are then listed or quoted. 

8. Adjustment. Unless the Committee specifically determines otherwise, the Nonqualified Stock Options shall be subject to
adjustment or substitution as to the number, price or, if applicable, kind of shares of stock or other consideration subject to such Awards or as otherwise determined by the Committee to be equitable (a) in the event of changes in the
outstanding Common Stock or in the capital structure of the Company, by reason of stock dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges or other relevant changes in capitalization
occurring after the date of the grant of any such Award or (b) in the event of any change in applicable laws or any change in circumstances which results in or would result in any substantial dilution or enlargement of the rights granted to, or
available for, the Holder under this Agreement, or which otherwise warrants equitable adjustment because it interferes with the intended operation of the Agreement. The Company shall give each Holder notice of an adjustment hereunder and, upon
notice, such adjustment shall be conclusive and binding for all purposes. 

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 9. Miscellaneous. 

a. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Holder or the Company to the
Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Holder and the Company. In the event of any inconsistency between the terms and conditions of this Agreement and any existing employment
agreement, service contract or other agreement between the Holder and the Company (each, a “Service Agreement”), the terms and conditions of the Service Agreement shall control. 

b. No Impact on Other Benefits. The value of the Holder’s Nonqualified Stock Options granted under this Agreement is not part of
her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. 

c. Acceptance. The Holder hereby acknowledges receipt of a copy of this Agreement. The Holder has read and understands the terms and
provisions this Agreement, and accepts the Nonqualified Stock Options granted under this Agreement subject to all of the terms and conditions of this Agreement. The Holder acknowledges that there may be tax consequences upon the grant, vesting, or
exercise of the Nonqualified Stock Options granted under this Agreement and/or the disposition of the underlying shares and that the Holder has been advised to consult a tax advisor prior to such grant, vesting, exercise or disposition. 

d. Further Instruments. The Company and the Holder agree to execute such further instruments and to take such further action as may
reasonably be necessary to carry out the intent of this Agreement. 
 e. Notices. Any notice required to be delivered to the Company
under this Agreement shall be in writing and addressed to the Chief Financial Officer of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Holder under this Agreement shall be in writing and
addressed to the Holder at the Holder’s address as shown in the records of the Company. Either party may designate another address by delivering notice of such designation in accordance with this Section. 

f. Governing Law, Venue and Jurisdiction. This Agreement shall be governed in all respects by the laws of the State of Texas without
regard to conflicts-of-law principles. Any civil action or legal proceeding arising out of or relating to this Agreement shall be brought in the courts of record of the
State of Texas in Dallas County, Texas. Each party consents to the jurisdiction of such Texas court in any such civil action or legal proceeding and waives any objection to the laying of venue of any such civil action or legal proceeding in such
Texas court. Service of any court paper may be affected on such party by mail, as provided in this Agreement, or in such other manner as may be provided under applicable laws, rules of procedure or local rules. 

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 g. Assignment. The Company may assign any of its rights under this Agreement. This
Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in this Agreement, this Agreement will be binding upon the Holder and the Holder’s
beneficiaries, executors, administrators and the person(s) to whom the Nonqualified Stock Option may be transferred by will or the laws of descent or distribution. 

h. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel any unvested Nonqualified Stock Options
granted under this Agreement, prospectively or retroactively; provided, that, no such amendment shall adversely affect the Holder’s material rights or vested Nonqualified Stock Options under this Agreement without the Holder’s consent.

 i. Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement, and each provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

j. Waiver. No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

k. JURY WAIVER. IN ANY CIVIL ACTION, COUNTERCLAIM, OR PROCEEDING, WHETHER AT LAW OR IN EQUITY, WHICH ARISES OUT OF, CONCERNS, OR RELATES
TO THIS AGREEMENT, ANY AND ALL TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THE PERFORMANCE OF THIS AGREEMENT, OR THE RELATIONSHIP CREATED BY THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE, TRIAL SHALL BE TO A
COURT OF COMPETENT JURISDICTION AND NOT TO A JURY. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY. ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT, AS WRITTEN EVIDENCE OF THE
CONSENT OF THE COMPANY AND HOLDER OF THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. NEITHER PARTY HAS MADE OR RELIED UPON ANY ORAL REPRESENTATIONS TO OR BY ANY OTHER PARTY REGARDING THE ENFORCEABILITY OF THIS PROVISION. EACH PARTY HAS READ AND
UNDERSTANDS THE EFFECT OF THIS JURY WAIVER PROVISION. EACH PARTY ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY ITS OWN COUNSEL WITH RESPECT TO THE TRANSACTION GOVERNED BY THIS AGREEMENT AND SPECIFICALLY WITH RESPECT TO THE TERMS OF THIS SECTION. 

l. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and a complete set of which,
when taken together, shall constitute one and the same document. Confirmation of execution by electronic transmission of a facsimile or .pdf signature page shall be binding, and each party hereby irrevocably waives any objection that it has or may
have in the future as to the validity of any such electronic transmission of a signature page. 

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 m. Entire Agreement. This Agreement and the defined terms referenced in the Plan
constitute the sole and entire agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect
to such subject matter. 
 n. Section 409A. This Agreement is intended to be interpreted and applied so that the Nonqualified Stock
Options set forth herein shall either be exempt from the requirements of Section 409A, or shall comply with the requirements of Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be
exempt from or in compliance with Section 409A. 
 The Company and the Holder have executed this Nonqualified Stock Option Agreement as of the Effective
Date. 
  

					
	COMPANY:	 		 	HOLDER:
	CAPITAL SENIOR LIVING CORPORATION	 		 	
			
	 By: /s/ Carey P.
Hendrickson                                       
 
 Carey P. Hendrickson
 Senior Vice President and
Chief
 Financial Officer
	 		 	 /s/ Kimberly Lody

Kimberly LodyEX-10.3

 Exhibit 10.3 

Execution Copy 

PERFORMANCE AWARD 
 FOR

 CAPITAL SENIOR LIVING CORPORATION 

This Performance Award Agreement (this “Agreement”) sets forth the terms of a PERFORMANCE AWARD
(“Award”) granted on January 7, 2019 (“Date of Grant” or the “Effective Date”), by Capital Senior Living Corporation, a Delaware Corporation (the “Company”), to Kimberly
Lody (the “Holder”). This Award is made as an inducement to the Holder to accept employment with the Company and as such is not subject to the terms, and provisions, of the 2007 Omnibus Stock and Incentive Plan For Capital Senior
Living Corporation as previously amended and restated and as may be amended and restated subsequent to the Date of Grant (the “Plan”), however, capitalized terms used but not defined in this Agreement shall have the meanings
ascribed to them in the Plan, provided, however, that the term Change in Control as used in this Agreement shall have the meaning ascribed in the Employment Agreement. 

RECITALS 
 A. The Company
and Holder entered into that certain employment agreement dated January 7, 2019 (the “Employment Agreement”). 
 B. The
Committee has determined that it is in its best interest to offer the Holder this Performance Award as an inducement to the Holder to accept employment with the Company. 

C. Holder wishes to accept such Award on the terms and subject to the conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the mutual promises set forth in this Agreement, and for other good and valuable consideration, the
adequacy of which is acknowledged by the parties’ execution of this Agreement, the Company and the Holder agree as follows: 
 1. Performance
Award. The Company hereby sells, transfers, assigns and delivers to the Holder an aggregate of 147,239 Shares of the Company as of the Date of Grant (“Target Award Restricted Shares”) subject to the terms and
conditions set forth in this Award, including, without limitation, the Restrictions more specifically set forth in Section 4 below (“Restrictions”), and further subject to Holder’s execution of this Award Agreement. 

2. Vesting of Target Award Restricted Shares. 

(a) The Award shall be one hundred percent (100%) unvested as of the Date of Grant. Except as otherwise provided in the Plan and this Award,
the Target Award Restricted Shares shall vest and become non-forfeitable (referred to hereafter as “Vested Shares”) on the date that the performance results as described in Section (i), (ii),
or (iii) of this Section 2 are met (the “Performance Vesting Date”), provided that the Holder remains in Continuous Service with the Company or any of its Subsidiaries on the Performance Vesting Date, as applicable. 

 For purposes of this Agreement, “Continuous Service” means the
Holder’s service with the Company, whether as an employee, consultant or director, is not interrupted or terminated, other than for temporary absences, including, without limitation, reasonable vacation time, sick leave, military leave or any
other personal or family leave of absence. The Holder’s Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the Holder renders service to the Company as an employee, consultant or
director or a change in the entity for which the Holder renders such service, provided that there is no interruption or termination of the Holder’s Continuous Service; and provided further that if any Award is subject to
Section 409A of the Code, this sentence shall only be given effect to the extent consistent with Section 409A of the Code. 
 (i)
Upon the closing price of a share of the Company’s Common Stock equaling or exceeding an increase of $2.00 above the volume weighted average selling price of a share of CSL common stock for the 10 trading days immediately prior to
January 7, 2019, as consistent with ASC Topic 718 (the “Threshold Price”) for fifteen (15) consecutive trading days during the Performance Period (the “Consecutive Period”), fifty percent (50%) of the
Target Award Restricted Shares shall become vested as of the last trading day which made up the Consecutive Period (the “Threshold Performance Vesting Date”). The period of time beginning on the Date of Grant and ending on the Award
Termination Date is the “Performance Period.” 
 (ii) Upon the closing price of a share of the Company’s Common Stock
equaling or exceeding an increase of $2.00 above the Threshold Price (the “Target Price”) for the Consecutive Period, an additional fifty percent (50%) of the Target Award Restricted Shares shall become vested as of the last trading
day which made up the Consecutive Period (“Target Performance Vesting Date”). Therefore, as of the Target Performance Vesting Date, 100% of the Target Award Restricted Shares shall be Vested Shares. If the Target Performance Vesting
Date is achieved during the period from the Date of Grant through the first (1st) anniversary of the Date of Grant (“Year One”), an additional multiplier shall be applied thereby
increasing the vested Target Award Restricted Shares by twenty five percent (25%) for a total amount of Vested Shares equal to one hundred and twenty-five percent (125%) of the Target Award Restricted Shares. If the Target Performance Vesting Date
is achieved during the period from the day following the first (1st) anniversary of the Date of Grant through the second (2nd) anniversary of
the Date of Grant (“Year Two”), an additional multiplier shall be applied thereby increasing the vested Target Award Restricted Shares by ten percent (10%) for a total amount of Vested Shares equal to one hundred and ten percent
(110%) of the Target Award Restricted Shares. 
 (iii) Upon the closing price of a share of the Company’s Common Stock equaling or
exceeding an increase of $2.00 above the Target Price (the “Maximum Price”) for the Consecutive Period, an additional one hundred percent (100%) of the Target Award Restricted Shares shall become vested as of the last trading day
which made up the Consecutive Period (“Maximum Performance Vesting Date”). Therefore, as of the last of the Maximum Performance Vesting Date, 200% of the Target Award Restricted Shares shall be Vested Shares (the “Maximum
Vested Shares”). If the Maximum Performance Vesting Date is achieved during Year One an additional multiplier shall be applied thereby increasing the Maximum Vested Shares by fifty percent (50%) for a total amount of Vested Shares equal to
two hundred and fifty percent (250%) of the Target Award Restricted Shares. If the Maximum Performance Vesting Date is achieved during Year Two an additional multiplier shall be applied thereby increasing the Maximum Vested Shares by twenty-five
percent (25%) for a total amount of Vested Shares equal to two hundred and twenty-five percent (225%) of the Target Award Restricted Shares. 

  
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 (b) Notwithstanding anything herein to the contrary, shares of Common Stock which become
Vested Shares under this Agreement either in Year One or Year Two shall be subject to a twelve (12) month holding requirement from such Performance Vesting Date as applicable, provided however, that this twelve (12) month holding
requirement shall not apply to shares of Common Stock withheld for the payment of taxes as provided in Section 5 of this Agreement or sold by Holder as reasonably necessary to pay taxes associated with the vesting of Vested Shares. 

(c) Provided, however, that as of the third (3rd) anniversary of the Date of Grant (the
“Award Termination Date”), the Holder shall forfeit the unvested Award as of the Award Termination Date. 
 (d) Except as
otherwise provided in this Section 2, in the event that the Holder’s Continuous Service is terminated by the Company or by the Holder for any reason, the Holder shall forfeit the unvested Award as of the Holder’s termination date.

 (e) In the event that the Holder’s Continuous Service is terminated by the Company due to the Holder’s death or Disability (as
defined in such Holder’s employment agreement (or, if not defined therein, as defined in the Plan)), the unvested Award shall immediately vest in the amount of the Target Award Restricted Shares. 

3. Change in Control. Upon a Change in Control the number of shares that shall become Vested Shares shall be determined in the same
manner as provided for in Section 2 of this Agreement. Provided, however, that in the event a Change in Control occurs which results in the Company’s Common Stock no longer being readily tradeable on an established securities market
(“Private Transaction”), the imputed value of the Private Transaction shall be determined on a per share of Common Stock basis and such imputed value shall be used in determining the number of Shares which shall become Vested Shares
under Section 2 of this Agreement without regard to the Consecutive Period. 
 4. Restriction - Forfeiture of Target Award Restricted
Shares. The Target Award Restricted Shares are each subject to the restrictions (“Restrictions”) that (i) all rights of Holder to any Target Award Restricted Shares which have not become Vested Shares shall,
automatically and without notice, terminate and be permanently forfeited on the date Holder, for any reason, ceases to be employed by the Company, except as otherwise stated herein; and (ii) all rights of Holder to the specified percentage of
Target Award Restricted Shares which have not become Vested Shares because the performance measures pursuant to Section 2 above have not been satisfied shall, automatically and without notice, terminate and be permanently forfeited. 

5. Tax Liability and Withholding.  

a. Payment of Taxes. The Holder shall be required to pay to the Company, and the Company shall have the right to deduct from any
compensation paid to the Holder pursuant to this Agreement, the amount of any required withholding taxes in respect of the Target Award Restricted Shares granted under this Agreement and to take all such other action as the Committee deems necessary
to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Holder to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means:
(i) tendering a cash payment; (ii) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Holder as a result of the vesting of the Target Award Restricted Shares;
provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (iii) delivering to the Company previously owned and unencumbered shares of Common Stock.

  
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 b. Liability. Notwithstanding any action the Company takes with respect to any or all
income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Holder’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related
Items in connection with the grant, or vesting of the Target Award Restricted Shares or the subsequent sale of any shares; and (b) does not commit to structure the Target Award Restricted Shares to reduce or eliminate the Holder’s
liability for Tax-Related Items. 
 6. Issuance of Shares. During the Restricted Period (as
defined in the Plan), the certificates representing the Target Award Restricted Shares, and any Restricted Share Distributions, shall be registered in the Holder’s name and bear a restrictive legend disclosing the Restriction and the existence
of this Award. Such certificates shall be deposited by the Holder with the Company, together with stock powers or other instruments of assignment, each endorsed in blank, which will permit the transfer to the Company of all or any portion of the
Target Award Restricted Shares, and any assets constituting Restricted Share Distributions, which shall be subject to forfeiture in accordance with the terms of this Award. The Company will retain custody of all related Restricted Share
Distributions (i.e., dividends, which will be subject to the same Restriction, terms, and conditions as the related Target Award Restricted Shares) unless and until Holder is entitled to receive the certificates for the related Vested Shares;
provided, however, that any Restricted Share Distributions shall not bear interest or be segregated into a separate account but shall remain a general asset of the Company, subject to the claims of the Company’s creditors, until the conclusion
of the applicable restricted period; and provided, further, that any material breach of any terms of this Award, as reasonably determined by the Committee, will cause a forfeiture of both Target Award Restricted Shares and Restricted Share
Distributions. 
 Target Award Restricted Shares shall constitute issued and outstanding Common Stock for all corporate purposes and,
without limitation, Holder shall have all of the rights and privileges of an owner of the Target Award Restricted Shares (including voting rights) except that Holder shall not be entitled to delivery of the certificates evidencing any of the Target
Award Restricted Shares, nor the related Restricted Share Distributions, unless and until they become Vested Shares. 
 7. Administration of
Award. The determinations under, and the interpretations of, any provision of this Award by the Committee shall, in all cases, be in its sole discretion, and shall be final and conclusive. 

8. No Transfers Permitted. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Target Award
Restricted Shares or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Target Award Restricted Shares will be forfeited by the Holder and all of the Holder’s rights to such shares shall immediately
terminate without any payment or consideration by the Company. 

  
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 9. Section 83(b) Election. Holder may elect under Section 83(b) of the Code to
include in his or her gross income, for his or her taxable year in which the Target Award Restricted Shares are transferred to such Holder under this Award, the excess of the fair market value (determined without regard to any Restriction other than
one which by its terms will never lapse), of such Target Award Restricted Shares at the Date of Grant, over the amount (if any) paid for the Target Award Restricted Shares. If the Holder makes the Section 83(b) election described above, the
Holder shall (i) make such election in a manner that is satisfactory to the Committee, (ii) provide the Committee with a copy of such election, (iii) agree to promptly notify the Company if any Internal Revenue Service or state
tax agent, on audit or otherwise, questions the validity or correctness of such election or of the amount of income reportable on account of such election, and (iv) agree to pay the withholding amounts described in Section 5(a) above. 

10. Interpretation. Any dispute regarding the interpretation of this Award shall be submitted by the Holder or the Company to the
Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Holder and the Company. In the event of any inconsistency between the terms and conditions of this Award and any existing employment agreement,
service contract or other agreement between the Holder and the Company (each, a “Service Agreement”), the terms and conditions of the Service Agreement shall control. 

(a) Headings contained in this Award are for convenience only and shall in no manner be construed as part of this Award. 

(b) Any reference to the masculine, feminine, or neuter gender shall be a reference to such other gender as is appropriate. 

11. Adjustment. Unless the Committee specifically determines otherwise, the Target Award Restricted Shares shall be subject to adjustment or
substitution as to the number, or, if applicable, kind of shares of stock or other consideration subject to such Awards or as otherwise determined by the Committee to be equitable (a) in the event of changes in the outstanding Common Stock or
in the capital structure of the Company, by reason of stock dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges or other relevant changes in capitalization occurring after the date of the
grant of any such Award or (b) in the event of any change in applicable laws or any change in circumstances which results in or would result in any substantial dilution or enlargement of the rights granted to, or available for, the Holder under
this Agreement, or which otherwise warrants equitable adjustment because it interferes with the intended operation of the Agreement. The Company shall give each Holder notice of an adjustment hereunder and, upon notice, such adjustment shall be
conclusive and binding for all purposes. 
 12. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel any
unvested Target Award Restricted Shares granted under this Agreement, prospectively or retroactively; provided, that, no such amendment, shall adversely affect the Holder’s material rights or vested Target Award Restricted Shares under this
Agreement without the Holder’s consent. 
 13. Assignment. The Company may assign any of its rights under this Award. This Award will be
binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in this Award, this Award will be binding upon the Holder and the Holder’s beneficiaries, executors,
administrators and the person(s) to whom the Target Award Restricted Shares may be transferred by will or the laws of descent or distribution. 
 14.
Waiver. No delay or omission by the Company in exercising any right under this Award shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that
instance and shall not be construed as a bar or waiver of any right on any other occasion. 

  
 5 

 15. JURY WAIVER. IN ANY CIVIL ACTION, COUNTERCLAIM, OR PROCEEDING, WHETHER AT LAW OR IN
EQUITY, WHICH ARISES OUT OF, CONCERNS, OR RELATES TO THIS AGREEMENT, ANY AND ALL TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THE PERFORMANCE OF THIS AGREEMENT, OR THE RELATIONSHIP CREATED BY THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT,
STRICT LIABILITY, OR OTHERWISE, TRIAL SHALL BE TO A COURT OF COMPETENT JURISDICTION AND NOT TO A JURY. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY. ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
AGREEMENT WITH ANY COURT, AS WRITTEN EVIDENCE OF THE CONSENT OF THE COMPANY AND HOLDER OF THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. NEITHER PARTY HAS MADE OR RELIED UPON ANY ORAL REPRESENTATIONS TO OR BY ANY OTHER PARTY REGARDING THE
ENFORCEABILITY OF THIS PROVISION. EACH PARTY HAS READ AND UNDERSTANDS THE EFFECT OF THIS JURY WAIVER PROVISION. EACH PARTY ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY ITS OWN COUNSEL WITH RESPECT TO THE TRANSACTION GOVERNED BY THIS AGREEMENT AND
SPECIFICALLY WITH RESPECT TO THE TERMS OF THIS SECTION. 
 16. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original, and a complete set of which, when taken together, shall constitute one and the same document. Confirmation of execution by electronic transmission of a facsimile or .pdf signature page shall be binding, and each party
hereby irrevocably waives any objection that it has or may have in the future as to the validity of any such electronic transmission of a signature page. 

17. Entire Agreement. This Agreement and the defined terms referenced in the Plan constitute the sole and entire agreement of the parties with
respect to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter. 

18. Severability. The invalidity or unenforceability of any provision of this Award shall not affect the validity or enforceability of any other
provision of this Award, and each provision of this Award shall be severable and enforceable to the extent permitted by law. 
 19. Governing Law,
Venue and Jurisdiction. This Award shall be governed in all respects by the laws of the State of Texas without regard to conflicts-of-law principles. Any
civil action or legal proceeding arising out of or relating to this Award shall be brought in the courts of record of the State of Texas in Dallas County, Texas. Each party consents to the jurisdiction of such Texas court in any such civil action or
legal proceeding and waives any objection to the laying of venue of any such civil action or legal proceeding in such Texas court. Service of any court paper may be affected on such party by mail, as provided in this Award, or in such other manner
as may be provided under applicable laws, rules of procedure or local rules. 
 20. No Impact on Other Benefits. The value of the
Holder’s Target Award Restricted Shares granted under this Award is not part of her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. 

  
 6 

 21. Acceptance. The Holder hereby acknowledges receipt of a copy of this Agreement. The Holder
has read and understands the terms and provisions this Agreement, and accepts the Target Award Restricted Shares granted under this Agreement subject to all of the terms and conditions of this Agreement. The Holder acknowledges that there may be tax
consequences upon the grant, vesting, or exercise of the Target Award Restricted Shares granted under this Award and/or the disposition of the underlying shares and that the Holder has been advised to consult a tax advisor prior to such grant,
vesting, or disposition. 
 22. Further Instruments. The Company and the Holder agree to execute such further instruments and to take such
further action as may reasonably be necessary to carry out the intent of this Award. 
 23. Notices. Any notice required to be delivered to the
Company under this Award shall be in writing and addressed to the Chief Financial Officer of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Holder under this Award shall be in writing and
addressed to the Holder at the Holder’s address as shown in the records of the Company. Either party may designate another address by delivering notice of such designation in accordance with this Section. 

24. Section 409A. This Agreement is intended to be interpreted and applied so that the Target Award Restricted
Shares set forth herein shall either be exempt from the requirements of Section 409A, or shall comply with the requirements of Section 409A, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be
exempt from or in compliance with Section 409A. 
 The Company and the Holder have executed this Performance Award Agreement as of the Effective Date.

  

							
	COMPANY:	 	                	 	HOLDER:
	CAPITAL SENIOR LIVING CORPORATION	 		 	
				
	By:	 	 /s/ Carey P. Hendrickson
	 		 	 /s/ Kimberly S. Lody

	Carey P. Hendrickson	 		 	Kimberly Lody
	Senior Vice President and Chief	 		 	
	Financial Officer	 		 	

  
 7 

 Assignment Separate From Certificate 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto Capital Senior Living Corporation the Target Award
Restricted Shares subject to this Award, standing in the undersigned’s name on the books of said Capital Senior Living Corporation, represented by a Stock Certificate herewith and do hereby irrevocably constitute and appoint the corporate
secretary of Capital Senior Living Corporation as attorney to transfer the said stock on the books of Capital Senior Living Corporation with full power of substitution in the premises. 

 

							
	Dated
                                         
                               	 		 		 	
	                    	 		 		 	
		 		 		 	  
 Kimberly Lody, Holder

 ACKNOWLEDGMENT 

The undersigned hereby acknowledges (i) my receipt of this Award, (ii) my opportunity to discuss this Award with a representative of
the Company, and my personal advisors, to the extent I deem necessary or appropriate, (iii) my understanding of the terms and provisions of this Award, and (iv) my understanding that, by my signature below, I am agreeing to be bound by all
of the terms and provisions of this Award. 
 Without limitation, I agree to accept as binding, conclusive and final all decisions or
interpretations of the Committee (as defined in the Plan) upon any questions arising under this Award. 
  

							
	Dated
                                         
                               	 		 		 	
	                    	 		 		 	
		 		 		 	  
 Kimberly Lody, Holder

  
 8

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