Document:

EX-10.15(A)

Exhibit 10.15(a)

CONSULTING AGREEMENT

          THIS CONSULTING AGREEMENT (the “Agreement”), dated February 1, 2009, is entered into
by and between HEALTH CARE REIT, INC., a Delaware corporation (the “Corporation”), and
RAYMOND W. BRAUN (the “Consultant”).

     1. EXPIRATION OF EMPLOYMENT AGREEMENT; OTHER AGREEMENTS.

          (a) Employment Agreement. The term of the Employment Agreement between the
Corporation and the Consultant, as amended from time to time (the “Employment Agreement”),
expired on January 31, 2009. The parties agree that certain provisions of the Employment Agreement
survive the expiration, including the confidentiality, non-solicitation and injunctive relief
provisions in Sections 9, 10 and 11 of the Employment Agreement, respectively.

          (b) Indemnification Agreement. The Indemnification Agreement dated February 14, 2005
between the Corporation and the Consultant remains in effect (the “Indemnification Agreement”).

          (c) Vesting of Stock Options and Restricted Stock. In connection with the expiration
of the Employment Agreement, all stock options and restricted stock granted to the Consultant under
the Corporation’s long-term incentive plans became fully vested and, in the case of stock options,
exercisable in full on January 31, 2009. All such stock options may be exercised by the Consultant
at any time until December 31, 2009.

          (d) Annual Cash Bonus and Long-Term Incentives. The annual cash bonus for the
Consultant’s performance as an employee of the Corporation in 2008 will be paid consistent with
past practice. The long-term incentive compensation award for the Consultant’s performance in 2008
will be paid in cash.

     2. CONSULTING SERVICES.

          During the Term (defined below), the Consultant will provide the following consulting services
to the Corporation (“Consulting Services”) as needed: (a) assist in the transition of
responsibilities to other employees of the Corporation, (b) train employees of the Corporation, (c)
transition existing clients to originators, (d) assist clients of the Corporation in identifying
takeout financing lenders, (e) assist the Corporation in workouts, (f) assist originators in
establishing new relationships, (g) consult on acquisition and development transactions and (h)
provide advice and assistance on such other matters as the Corporation may reasonably request from
time to time.

          During the first 90 days of the Term, the Consultant will attend any previously scheduled ASHA
or NIC conferences or committee events as the Corporation’s representative and at the Corporation’s
expense. Thereafter, the Consultant and the Corporation will agree upon the conferences, events
and meetings the Consultant will attend on behalf of the Corporation and the general scope of
services the Consultant will provide at those conferences, meetings and events.

 

 

          During the first 90 days of the Term, the Consultant’s time commitment will be not less than
75% of the Consultant’s professional time. Thereafter, the Consultant’s time commitment will be as
reasonably necessary to adequately perform the Consulting Services, but in any event not less than
25% of the Consultant’s professional time.

     3. TERM OF AGREEMENT; EARLY TERMINATION.

          The term of this Agreement (“Term”) will begin on February 1, 2009 and end on December
31, 2009; provided, however, this Agreement will terminate prior to the end of the Term if (i) the
Consultant commences employment with another entity, or (ii) the Consultant provides 30 days’
advance written notice of termination to the Corporation, which termination may be effective at any
time after the first 90 days of the Term (“Early Termination Events”). If an Early
Termination Event occurs, then (i) the Corporation will have no obligation to pay any remaining
portion of the Base Compensation to the Consultant from and after the commencement of employment
with another entity or the date of termination, as applicable, and (ii) the Consultant will have no
obligation to render any Consulting Services; provided, however, the Consultant will be obligated
to comply with all other terms of this Agreement.

     4. COMPENSATION; BUSINESS EXPENSES; BENEFITS.

          (a) Base Compensation. In consideration for the Consulting Services and the
non-competition, non-disparagement and confidentiality covenants set forth in Section 6 of this
Agreement, the Consultant will receive $800,000 (“Base Compensation”), payable in 22 equal
semi-monthly installments in arrears, with the first installment to be paid on February 15, 2009.

          (b) Bonus Potential. If the Consultant renders extraordinary service during the Term
(in each case as agreed upon by the Chief Executive Officer of the Corporation and the Consultant
before the rendition of the services), then the Consultant will be eligible to receive a
discretionary bonus (“Bonus”) of between 75% and 125% of the Base Compensation.

          (c) Business Expenses. The Corporation will reimburse Consultant for all reasonable
expenses he incurs in connection with the Consulting Services, including expenses for travel and
similar items, within 30 days after the Corporation’s receipt of proper documentation of such
expenses from Consultant; provided, however, all reimbursement requests hereunder will be submitted
and paid not later than the end of the calendar year following the year in which the expense is
incurred.

          (d) Benefits. Consultant will be entitled to standard COBRA and other benefits
afforded to departing employees of the Corporation at Consultant’s expense.

          (e) Death and Disability. In the event of Consultant’s death or total disability
prior to the expiration of the Term, the Corporation shall be obligated to pay all amounts due
under this Section 4 to Consultant’s heirs or to Consultant, as the case may be, in the same manner
as provided herein.

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     5. PLACE OF PERFORMANCE; SUPPORT SERVICES.

          Consultant will maintain an office at an agreed upon location in the Corporation’s Toledo,
Ohio headquarters during the first 90 days of the Term. Thereafter, Consultant may maintain an
office either at the Corporation’s Toledo, Ohio headquarters (at the Corporation’s expense) or at
an off-site location (at Consultant’s expense); provided, however, the Corporation will provide
in-house secretarial and other support necessary for the performance of the Consulting Services.

     6. RESTRICTIVE COVENANTS.

          (a) Non-Competition. Until December 31, 2009, and except for the Excluded Investments
(defined below), the Consultant will not engage in any business activities on behalf of any
enterprise that competes with the Corporation in the following: (i) the ownership of health care
facilities (which, for purposes of this Section 6, will be deemed to include medical office
buildings, hospitals and senior housing facilities); (ii) investment in or lending to health care
related enterprises (including owners or developers of medical office buildings, hospitals or
senior housing facilities); (iii) management of health care facilities; or (iv) provision of
development services for health care facilities. “Excluded Investments” means (i) purchase
of less than 1% of any class of securities of a publicly traded entity (other than the Corporation)
so long as the Consultant complies with the Corporation’s policies and procedures; (ii) investment
in or employment by a health care operating company that directly or through any affiliates owns
and/or manages three or fewer facilities and is operating or managing those facilities for its own
account; or (iii) investments consented to in writing by the Corporation.

          (b) Non-Disparagement. The Corporation (including all officers, directors, employees
and partners of the Corporation and their immediate family members) will not make any statement
(oral or written) that disparages, impugns or in any way reflects negatively on the business,
business opportunities, strategies, competency, character, behavior or reputation of the Consultant
or any immediate family members. The Consultant and all of his immediate family members will not
make any statement (oral or written) that disparages, impugns or in any way reflects negatively on
the business, business opportunities, strategies, competency, character, behavior or reputation of
the Corporation or any of its officers, directors, employees or partners or their immediate family
members.

          (c) Injunctive Relief. The Consultant acknowledges and agrees it would be difficult
to fully compensate the Corporation for damages resulting from the breach or threatened breach of
the covenants set forth in this Section 6. Accordingly, the Corporation will be entitled to
temporary and injunctive relief, including temporary restraining orders, preliminary injunctions
and permanent injunctions, to enforce such provisions in any action or proceeding instituted in the
United States District Court for the Northern District of Ohio or in any court in the State of Ohio
having subject matter jurisdiction. This provision with respect to injunctive relief will not,
however, diminish the Corporation’s right to claim and recover damages. It is expressly understood
and agreed that although the parties consider the restrictions contained in this Agreement to be
reasonable, if a court determines any restriction contained in this Agreement is an unenforceable
restriction on the activities of the Consultant, no such provision

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of this Agreement will be rendered void but will be deemed amended only to the extent such
court may judicially determine or indicate to be reasonable.

     7. INDEPENDENT CONTRACTOR.

          During the Term, the Consultant will not serve as an executive officer, officer, director or
employee of the Corporation, any of its subsidiaries or any affiliates controlled by the
Corporation. The Consultant acknowledges he will be an independent contractor of the Corporation
during the Term and nothing contained in this Agreement will be deemed or construed to create a
relationship of partnership, joint venture, employer and employee or any other association or
relationship with the Corporation. The Consultant further acknowledges he will not be entitled to
any benefits from the Corporation associated with employment. The Consultant will be responsible
for, and will pay, all federal, state and local taxes and charges of whatsoever kind or nature
arising out of, resulting from, or in any way connected with Consultant’s performance of the
consulting services on behalf of the Corporation and the Corporation’s payment of fees to
Consultant as provided herein.

     8. CONTINUING COOPERATION; PUBLIC STATEMENTS.

          The Corporation and the Consultant agree they will cooperate with one another after the date
hereof, including, from time to time, executing documents and providing requested information, as
may reasonably be required to give effect to the provisions of this Agreement or for the
Corporation to comply with applicable securities laws.

     9. SEPARABILITY.

          If any provision of this Agreement is declared to be invalid or unenforceable, in whole or in
part, such invalidity or unenforceability will not affect the remaining provisions hereof, which
will remain in full force and effect.

     10. ASSIGNMENT.

          This Agreement will be binding upon and inure to the benefit of the heirs and representatives
of Consultant and the assigns and successors of the Corporation. This Agreement and the rights
hereunder are not assignable by Consultant, except that the Consultant may assign the benefits to
be received by him under this Agreement to an entity that is wholly-owned by the Consultant.

     11. ENTIRE AGREEMENT; GOVERNING LAW.

          Except as otherwise provided in Section 1 of this Agreement, this Agreement represents the
entire agreement of the parties and supersedes any and all previous contracts, arrangements or
understandings between the Corporation and Consultant relating to the Consulting Services and the
previous employment of the Consultant by the Corporation. This Agreement may be amended at any
time by mutual written agreement of the parties hereto. This Agreement will be construed,
interpreted and governed in accordance with the laws of the State of Ohio, other than the conflict
of laws provisions of such laws.

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     12. MUTUAL RELEASE.

          Except for the rights granted hereunder or referenced herein, and for valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Consultant, for himself and on
behalf of his heirs, devisees, legatees, executors, administrators, personal and legal
representatives, assigns and successors in interest, on the one hand, and the Corporation, for
itself and on behalf of each of its subsidiaries and any affiliates controlled by the Corporation,
and each of their respective partners, subsidiaries, associates, affiliates, successors, heirs,
assigns, agents, directors, officers, employees, representatives, lawyers, insurers and all persons
acting by, through, under or in concert with them, on the other hand (each a “Releasing
Person”), do hereby release and forever discharge the Released Persons (defined below) of and
from any and all manner of action or actions, cause or causes of action, in law or in equity,
suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, losses,
costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, suspected or
unsuspected, fixed or contingent, which the Releasing Person now has or may hereafter have or claim
to have against the Released Persons, or any of them, by reason of any matter, cause, or thing
whatsoever from the beginning of time to the date of this Agreement. As used herein, the term
“Released Persons” means, as to the Corporation, the Corporation and each of its
subsidiaries and any affiliates controlled by the Corporation, and each of their respective
partners, subsidiaries, associates, affiliates, successors, heirs, assigns, agents, directors,
officers, employees, representatives, lawyers, insurers and all persons acting by, through, under
or in concert with them, and as to the Consultant, the Consultant and each of his partners,
subsidiaries, associates, affiliates, successors, heirs, assigns, agents, employees,
representatives, lawyers, insurers and all persons acting by, through, under or in concert with
him.

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          IN WITNESS WHEREOF, this Agreement is executed by the Corporation and Consultant as of the
date set forth above.

	 	 	 	 	 
	 	HEALTH CARE REIT, INC.

 	 
	 	By:  	/s/ Jeffrey H. Miller
 	 
	 	Name:  	Jeffrey H. Miller 	 
	 	Its:   	Executive Vice President and General Counsel 	 
	 

	 	 	 	 	 
	 	CONSULTANT:

 	 
	 	/s/ Raymond W. Braun
 	 
	 	Raymond W. Braun 	 
	 	 	 

6exv10w29

Exhibit 10.29

AMENDMENT NO. 1 TO

EMPLOYMENT AGREEMENT

          This AMENDMENT NO. 1 (this “Amendment”) to the Employment Agreement (the
“Employment Agreement”), dated as of November 18, 2004, among Las Vegas Sands Corp., a
Nevada corporation (“LVSC”), Las Vegas Sands, Inc. (currently known as Las Vegas Sands,
LLC), a wholly-owned subsidiary of LVSC (together with LVSC, the “Company”), and William P.
Weidner (“Executive”) is dated as of December 31, 2008.

          WHEREAS, the Company and Executive wish to amend the Employment Agreement as provided herein
to reflect certain changes required to comply with Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”).

          NOW, THEREFORE, in consideration of the mutual agreements and understandings set forth herein,
the parties hereby agree as follows:

          1. Defined Terms. Except as defined herein, capitalized terms used herein shall have
the meanings ascribed to such terms in the Employment Agreement.

          2. Amendment to Section 6(b) of the Employment Agreement. Section 6(b)(ii) of the
Employment Agreement is hereby amended by adding the following language at the end thereof to read
as follows:

          “Payments of Base Bonus that are earned, if any, shall be made as soon as practicable
following the determination by the Committee that such amounts have been earned, and in any event
within 60 days following the end of the relevant quarter.”

          3. Amendment to Section 6(c) of the Employment Agreement. Section 6(c)(i) of the
Employment Agreement is hereby amended by adding the following language at the end thereof to read
as follows:

          “Payments of Annual Supplemental Bonus that are earned, if any, shall be made as soon as
practicable following the determination by the Committee that such amounts have been earned, and in
any event not later than March 15 of the calendar year following the calendar year to which the
Annual Supplement Bonus relates.”

          4. Amendment to Section 10(d)(vi) of the Employment Agreement. Section 10(d)(vi) of
the Employment Agreement is hereby amended by adding the following language at the end thereof to
read as follows:

          “; provided, further, that if the Change of Control does not satisfy the
definition of a change in the ownership or effective control of a corporation, or a change in the
ownership of a substantial portion of the assets of a corporation pursuant to Section 409A, then
the payment referred to in subclause (B) of this Section 10(d)(vi) will be paid ratably over the
same time period that payments under Section 10(d)(v)(B) would have been payable, and the payment
referred to in subclause (C) of this Section 10(d)(vi) will

 

 

be payable at the same time that payment of the Pro Rated Bonus therein would have been paid,
in each case assuming such termination of employment did not occur within the two (2) year period
following a Change in Control.”

          5. Amendment to Section 10(d)(viii) of the Employment Agreement. Section 10(d) of the
Employment Agreement is hereby amended by adding a new Section 10(d)(viii) at the end thereof to
read as follows:

          “(viii) Timing of Certain Payments. Subject to Section 10(f) and 13(r): (A) any
amounts payable under Section 10(d)(i)(A), 10(d)(ii)(A), 10(d)(iii)(A), 10(d)(v)(A) and
10(d)(vi)(A) shall be paid as soon as practicable, and in any event within 30 days following
termination of employment; (B) any reimbursements for expenses incurred under Section 10(d)(v)(E)
or 10(d)(vi)(E) (to the extent such reimbursements are treated as deferred compensation subject to
Section 409A) shall be paid as soon as practicable following submission of the claims but in any
event not later than the third calendar year following the calendar year in which Executive’s
separation from service occurs; and (C) any amount payable under Section 10(d)(vii) shall be
determined as soon as practicable following termination of employment and shall be paid to
Executive within 60 days following termination of employment.”

          6. Amendment to Section 10(f) of the Employment Agreement. Section 10(f) of the
Employment Agreement is hereby amended by adding the following at the end thereof to read as
follows:

          “The Executive shall execute and deliver such Release and Covenant Not to Sue within 60 days
following termination of employment, and, except as otherwise provided in Section 13(r), any
payments that are subject to the execution of such Release and Covenant Not to Sue shall commence
to be paid on the 61st day following termination of employment.”

          7. Further Amendment to Section 13 of the Employment Agreement. A new Section 13(r)
of the Employment Agreement is hereby added to read as follows:

          “(r) Section 409A.

          (i) For purposes of this Agreement, “Section 409A” means Section 409A of the Code and
the Treasury Regulations promulgated thereunder (and such other Treasury or Internal Revenue
Service guidance) as in effect from time to time. In addition, for purposes of this Agreement,
with respect to payments of any amounts that are considered to be “deferred compensation” subject
to Section 409A, references to “termination of employment” (and substantially similar phrases)
shall be interpreted and applied in a manner that is consistent with the requirements of Section
409A.

          (ii) It is intended that the provisions of this Agreement comply with Section 409A, and all
provisions of this Agreement shall be construed and interpreted in a manner consistent with the
requirements for avoiding taxes or penalties under Section 409A. In this regard, the provisions of
this Section 13(r) shall only apply if, and to the

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extent, required to avoid the imputation of any tax, penalty or interest pursuant to Section 409A.
In light of the uncertainty as of the date hereof with respect to the proper application of Section
409A, the Company and Executive agree to negotiate in good faith to make amendments to this
Agreement as the parties mutually agree are necessary or desirable to avoid the imposition of taxes
or penalties under Section 409A. Notwithstanding the foregoing, Executive shall be solely
responsible and liable for the satisfaction of all taxes and penalties that may be imposed on or
for the account of Executive in connection with this Agreement (including any taxes and penalties
under Section 409A), and neither the Company nor any affiliate shall have any obligation to
indemnify or otherwise hold Executive (or any beneficiary) harmless from any or all of such taxes
or penalties.

     (iii) Except as permitted under Section 409A, any deferred compensation that is subject to
Section 409A and is payable to or for the benefit of Executive under any Company-sponsored plan,
program, agreement or arrangement may not be reduced by, or offset against, any amount owing by
Executive to the Company.

          (iv) Notwithstanding anything in this Agreement to the contrary, in the event that Executive
is deemed to be a “specified employee” within the meaning of Section 409A(a)(2)(B)(i), no payments
under Section 10(d) that are “deferred compensation” subject to Section 409A shall be made to
Executive prior to the date that is six (6) months after the date of Executive’s “separation from
service” (within the meaning of Section 409A, without application of any alternative definitions
permitted thereunder) or, if earlier, Executive’s date of death. Following any applicable six (6)
month delay, all such delayed payments will be paid in a single lump sum on the earliest
permissible payment date. In addition, for a period of six months following the date of separation
from service, to the extent that the Company reasonably determines that any of the benefit plan
coverages described in Section 10 may not be exempt from U.S. federal income tax, Executive shall
in advance pay to the Company an amount equal to the stated taxable cost of such coverages for six
months. At the end of such six-month period, Executive shall be entitled to receive from the
Company a reimbursement of the amounts paid by Executive for such coverages.

          (v) For purposes of Section 409A, each of the payments that may be made under the Agreement
are designated as separate payments.

          (vi) To the extent that any reimbursements pursuant to Section 6 or 13 are taxable to
Executive, any such reimbursement payment due to Executive shall be paid to Executive as promptly
as practicable, and in all events on or before the last day of Executive’s taxable year following
the taxable year in which the related expense was incurred. Any such reimbursements are not
subject to liquidation or exchange for another benefit and the amount of such benefits and
reimbursements that Executive receives in one taxable year shall not affect the amount of such
benefits or reimbursements that Executive receives in any other taxable year.

          8. Continuing Effect of Employment Agreement. Except as expressly modified hereby,
the provisions of the Employment Agreement are and shall remain in full force and effect.

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          9. Governing Law. This Amendment shall be governed by, construed under, and
interpreted in accordance with the laws of the State of Nevada applicable to agreements made and to
be wholly performed within that State, without regard to its conflict of laws provisions or any
conflict of laws provisions of any other jurisdiction which would cause the application of any law
other than that of the State of Nevada.

          10. Counterparts. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which taken together shall constitute one and the
same instrument.

          IN WITNESS WHEREOF, the parties have executed and delivered this Amendment at Las Vegas,
Nevada as a contract under seal on the date first written above.

	 	 	 	 	 	 	 
	 	 	LAS VEGAS SANDS CORP.	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Sheldon G. Adelson	 	 
	 	 	 	 	 
	 

	 	By:
	 	Sheldon G. Adelson	 	 
	 

	 	Its:
	 	Chairman of the Board, CEO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	LAS VEGAS SANDS, LLC	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Sheldon G. Adelson	 	 
	 	 	 	 	 
	 

	 	By:
	 	Sheldon G. Adelson	 	 
	 

	 	Its:
	 	Chairman of the Board and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	EXECUTIVE	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ William P. Weidner	 	 
	 	 	 	 	 
	 	 	William P. Weidner	 	 

[Signature page to amendment to

Employment Agreement between the Company and William P. Weidner]

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