SEC Contract Filing

Filing Date: 2017-07-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EX-10.1
<TEXT>

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<b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">EXHIBIT 10.1

</font></b><p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">THIRD AMENDED AND RESTATED<br>
EMPLOYMENT AGREEMENT</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">THIS THIRD AMENDED AND
RESTATED EMPLOYMENT AGREEMENT</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> (the
&#8220;Agreement&#8221;), is being entered into this June 16, 2017 (the &#8220;Effective Date&#8221;),
by and between </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">WELLTOWER INC.</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, a Delaware corporation, (the
&#8220;Corporation&#8221;), and SCOTT A. ESTES (the &#8220;Executive&#8221;).</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">WHEREAS</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, Executive and the Corporation previously entered
into a Second Amended and Restated Employment Agreement, dated December 29,
2008 (the &#8220;Prior Employment Agreement&#8221;); and </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">WHEREAS</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, the Parties desire to amend and restate the Prior
Employment Agreement so that the Executive continues to act as the
Corporation&#8217;s Executive Vice President &#8211; Chief Financial Officer based on the
terms and conditions set forth herein.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOW THEREFORE</font></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">, in consideration of the mutual covenants herein
contained, the parties, intending to be legally bound, hereby agree as follows:</font></p>

<h1 style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-indent:-.5in;"><b><font color=#010000 face="Times New Roman,serif" style="font-size:12.0pt;text-decoration:none;">1.</font></b><b><font color=#010000 face="Times New Roman" style="font-size:7.0pt;text-decoration:none;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">EMPLOYMENT&nbsp;</font></u></b></h1>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Corporation hereby agrees to
continue to employ the Executive as the Corporation&#8217;s Executive Vice President
&#8211; Chief Financial Officer, upon the terms and conditions herein contained, and
the Executive hereby agrees to continue such employment and to continue to
serve in such positions, and to perform the duties and functions customarily
performed by the Executive Vice President &#8211; Chief Financial Officer of a
publicly traded corporation.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In such capacity, the Executive
shall report to the Corporation&#8217;s Chief Executive Officer (&#8220;CEO&#8221;) and shall
have such powers and responsibilities set forth in the Corporation&#8217;s By-Laws as
well as such additional powers and responsibilities consistent with his
position as may be assigned by the CEO.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Throughout the Term (defined
below) of this Agreement, the Executive shall devote his best efforts and all
of his business time and services to the business and affairs of the
Corporation; provided, that the Executive will be permitted to, with the prior
written approval of the CEO, act or serve as a director, trustee or committee
member of a commercial business, civic or charitable organization.</font></p>

<h1 style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-indent:-.5in;"><b><font color=#010000 face="Times New Roman,serif" style="font-size:12.0pt;text-decoration:none;">2.</font></b><b><font color=#010000 face="Times New Roman" style="font-size:7.0pt;text-decoration:none;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">TERM OF AGREEMENT</font></u></b></h1>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The term of employment u