Ex-10.1 HCA Inc. 2006 Director's Fees/Compensation Policy
EX-10.1 2 g95659exv10w1.txt EX-10.1 HCA INC. 2006 DIRECTOR'S FEES/COMPENSATION POLICY . . . EXHIBIT 10.1 HCA 2006 DIRECTOR FEES/COMPENSATION POLICY - -------------------------------------------------------------------------------- HCA BOD PAY ELEMENT RECOMMENDATIONS - ----------------------------------------------------------------------------------- Annual Retainer - $55,000 base value - Choice of cash, restricted stock (RS), or restricted share units (RSUs) - 25% premium for RS or RSUs with 2-year cliff vesting - Pro-rata acceleration upon death or disability - Immediate forfeiture of RS or RSUs upon voluntary or involuntary termination - ----------------------------------------------------------------------------------- Board Meeting Fees - $2,000 per meeting - Paid in cash - ----------------------------------------------------------------------------------- Committee Member Retainer (annual) - $3,000 per Committee - Same choices as annual retainer - ----------------------------------------------------------------------------------- Committee Meeting Fees - $1,500 per meeting (all members) - Paid in cash - ----------------------------------------------------------------------------------- Committee Chair Retainer (annual) - Audit - $20,000 - Same choices as annual retainer - All Other - $10,000 - Same choices as annual retainer - ----------------------------------------------------------------------------------- Presiding Director Retainer (annual) - $10,000 - Same choices as annual retainer - ----------------------------------------------------------------------------------- Long-Term Incentives (ongoing) - $100,000 Black-Scholes value delivered in stock options upon re-election to the Board - 10-year term - Vest 20% per year, with 1st year vesting immediately - Immediate vesting upon termination due to change in control, death, disability, or retirement - Immediate forfeiture of vested and unvested options upon termination due to cause - Immediate forfeiture of unvested options at voluntary or involuntary termination - Ability to exercise options within 1 year of termination due to death or disability and within 3 years of retirement - ----------------------------------------------------------------------------------- Long-Term Incentives (initial) - 5,000 Restricted Shares, upfront grant for new Directors only - 3-year ratable vesting - -----------------------------------------------------------------------------------
