REGENT ASSISTED LIVING, INC.
THIS EMPLOYMENT AGREEMENT (the "Agreement") is made effective the 1st day of November, 1999, by
and between REGENT ASSISTED LIVING, INC., an Oregon corporation (the "Company"), and DALE J.
A. The Company is engaged in the business of developing and operating assisted living residences for senior
citizens (the "Business").
B. Executive possesses certain skills, expertise and contacts related to the Business.
C. Because of those skills, expertise and contacts, the Company desires to employ Executive, and Executive
desires to accept employment with the Company, on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the covenants and mutual agreements set forth herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
1. Employment; Term. The Company hereby employs Executive to perform the duties described herein, and
Executive hereby accepts employment with the Company, for a term commencing on the date hereof and expiring
at the close of business on October 31, 2004, unless earlier terminated in accordance with
Section 6 below.
2. Position and Duties.
2.1 Position. During the term of his employment Executive shall serve as Chief Operating Officer of the
Company. Executive shall make available all of his business time, attention, skill, and efforts for performing
services for the Company, and shall devote as much of his business time, attention, skill and efforts to the
performance of such services as is required by the Company's Board of Directors (the "Board of Directors").
Executive shall, at all times, be subject to the authority of the Board of Directors.
2.2 General Terms of Employment. Executive shall be subject to the general terms and conditions of employment
applicable to employees of the Company, as established by the Board of Directors from time to t