SENIOR HOUSING PROPERTIES TRUST Summary of Trustee Compensation

Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 ex10-1.htm

Exhibit 10.1

 

SENIOR HOUSING PROPERTIES TRUST

 

Summary of Trustee Compensation

 

The following is a summary of the currently effective compensation of the trustees of Senior Housing Properties Trust (the “Company”) for services as trustees, which is subject to modification at any time by the Board of Trustees.

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Each independent trustee receives an annual fee of $25,000, plus a fee of $500 for each meeting attended. Up to two $500 fees are payable if a board meeting and one or more board committee meetings are held on the same date.

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The chairpersons of the audit committee, the compensation committee and the nominating and governance committee, each of whom is an independent trustee, receive an additional annual fee of $7,500, $3,500 and $3,500, respectively.

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Each trustee is entitled to receive a grant of 1,500 of the Company’s common shares of beneficial interest on the date of the first board meeting following each annual meeting of shareholders (or, for trustees who are first elected or appointed at other times, on the day of the first board meeting attended).

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The Company generally reimburses all trustees for travel expenses incurred in connection with their duties as trustees.