SUNRISE ASSISTED LIVING, INC.
SENIOR EXECUTIVE SEVERANCE PLAN
Sunrise Assisted Living, Inc., a Delaware corporation (the "Company"), sets forth herein the terms of its
SENIOR EXECUTIVE SEVERANCE PLAN (the "Plan") as follows:
SECTION 1. PURPOSE. The Board of Directors of the Company (the "Board") believes that it is in the best
interests of the Company to encourage the continued employment with and dedication to the Company of certain
of the Company's key executive officers in the face of potentially distracting circumstances arising from the
possibility of a change in control of the Company, and the Board has established the Plan for this purpose.
SECTION 2. DEFINITIONS.
(a) "ACCRUED OBLIGATIONS" means, with respect to an Executive, the sum of (1) the Executive's Annual
Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the
Executive's Annual Bonus and (y) a fraction, the numerator of which is the number of days in the current fiscal
year through the Date of Termination, and the denominator of which is 365, and (3) any compensation previously
deferred by the Executive (together with any accrued interest or earnings thereon) and any accrued vacation pay,
in each case, to the extent not theretofore paid.
(b) "ANNUAL BASE SALARY" means, with respect to an Executive, the greater of (a) the annual base salary
payable to the Executive by the Company and its affiliates as of the Date of Termination or (b) the amount equal
to twelve times the highest monthly base salary paid or payable, including any base salary which has been earned
but deferred, to the Executive by the Company and its affiliate in respect of the twelve-month period immediately
preceding the month in which the Date of Termination occurs.
(c) "ANNUAL BONUS" means, with respect to an Executive, the highest amount paid to the Executive as bonus
payments in a single year during the last three full fiscal years prior to the Date of Termination (annualized in the