EX-10.24 COMPENSATION/FEES POLICY

EX-10.24 4 g87412exv10w24.txt EX-10.24 COMPENSATION/FEES POLICY EXHIBIT 10.24 HCA BOARD OF DIRECTOR COMPENSATION - -------------------------------------------------------------------------------- HCA BOD PAY ELEMENT RECOMMENDATIONS - -------------------------------------------------------------------------------- Annual Retainer - $50,000 base value - Choice of cash, restricted stock (RS) or restricted stock units (RSUs) - 25% premium for RS or RSUs with 2-year cliff vesting - Pro-rata acceleration upon death or disability - Immediate forfeiture of RS upon voluntary or involuntary termination - -------------------------------------------------------------------------------- Board Meeting Fees - $1,500 per meeting - Paid in cash - -------------------------------------------------------------------------------- Committee Member Retainer (annual) - $3,000 per Committee - Same choices as annual retainer - -------------------------------------------------------------------------------- Committee Meeting Fees - $1,200 per meeting - Paid in cash - -------------------------------------------------------------------------------- Committee Chair Retainer (annual) - Audit - $20,000 - All Other - $ 7,500 - Same choices as annual retainer - -------------------------------------------------------------------------------- Committee Chair Meeting Fees - $1,500 per meeting - Paid in cash - -------------------------------------------------------------------------------- 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 - --------------------------------------------------------------------------------