object reference not set in asp.net

Question

Hi i got the following error,

 

Does somebody now how to fix it ?

 

model: 

using System;
using System.Collections.Generic;
using System.ComponentModel.DataAnnotations;
using System.Data.Entity;
using System.Linq;
using System.Web;

namespace TelerikMvcApp1.Models
{
      public class ProgramStatus
      {
         [Key]
         public string ProgramName { get; set; }
         public DateTime ProgramLastRun { get; set; }
      }

      public class ProgramStatusContext : DbContext
      {
         public DbSet<ProgramStatus> Stats { get; set; }

      }
}

 

controller: 

using System.Data.Entity;
using System.Linq;
using System.Net;
using System.Web;
using System.Web.Mvc;
using TelerikMvcApp1.Models;

namespace TelerikMvcApp1.Controllers
{
      public class ProgramStatusController : Controller
      {
         private ProgramStatusContext db = new ProgramStatusContext();

         // GET: ProgramStatus
         public ActionResult Index()
         {
            var waarde = db.Stats.First().ProgramLastRun;
            return View();

         }

    }

 }

 

view: 

@model TelerikMvcApp1.Models.ProgramStatus

@{
ViewBag.Title = "Index";
}

<div id="background">
@(Html.Kendo().Calendar().Value(Model.ProgramLastRun)   // This gives an error The object is set                                                                                                                   to an instance of an object (how can                                                                                                                   i fix it ???)
.Name("Calender")
)
</div>

<style>
#background {
width: 254px;
height: 250px;
margin: 30px auto;
padding: 69px 0 0 11px;
background: url('@Url.Content("~/content/web/calendar/calendar.png")') transparent no-repeat 0 0;
}
#calendar {
width: 241px;
}
</style>