SENIOR HOUSING PROPERTIES TRUST Summary of Trustee Compensation
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 (the Board) or the Compensation Committee of the Board, as applicable.
· Each Independent Trustee receives an annual fee of $40,000 for services as a Trustee, plus a fee of $1,250 for each meeting attended. Up to two $1,250 fees are paid if a Board meeting and one or more Board committee meetings, or two or more Board committee meetings, are held on the same date.
· Each Independent Trustee who serves as a committee chair of the Boards Audit Committee, Compensation Committee or Nominating and Governance Committee receives an additional annual fee of $15,000, $10,000 and $10,000, respectively.
· The lead Independent Trustee receives an additional annual cash retainer fee of $12,500 for serving in this role.
· Each Trustee receives a grant of 3,000 of the Companys 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).
· The Company generally reimburses all Trustees for travel expenses incurred in connection with their duties as Trustees and for out of pocket costs incurred in connection with their attending certain continuing education programs.