Triad Hospitals, Inc. Summary of Outside Director Compensation Arrangements

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Triad Hospitals, Inc. Non-employee directors receive an annual retainer of $55,000, meeting attendance fees, and an annual grant of 2,000 shares of restricted stock. Additional fees are provided for committee membership and chairmanship. Directors may choose to receive their retainer in deferred stock units. Equity awards are subject to restrictions for one year, and new directors receive an initial equity grant upon joining the board.

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EX-10.14 3 dex1014.htm SUMMARY OF OUTSIDE DIRECTOR COMPENSATION ARRANGEMENTS Summary of Outside Director Compensation Arrangements

Exhibit 10.14

 

TRIAD HOSPITALS, INC.

COMPENSATION OF NON-EMPLOYEE DIRECTORS

 

     Annual Retainer
   Per Meeting
Attendance Fees
    Annual Equity
Grant1

Non-Employee Directors

    $55,0002   $ 2,500    2,000 shares
restricted stock

Audit Committee Members

    $5,000
Committee Chairman		   $ 1,500    N/A

Compensation Committee Members

    $5,000
Committee Chairman		   $ 1,500    N/A

Quality Committee Members

    N/A   $ 1,500    N/A

Ethics and Compliance Committee Members

    $5,000
Committee Chairman		   $ 1,500    N/A

Nominating and

Corporate Governance Committee Members

    $5,000
Committee Chairman		   $ 1,500    N/A

Executive Committee

Members

    N/A   $ 1,500    N/A

Development Committee Members

    N/A   $ 1,500    N/A

 

 

1 On May 24, 2005, the Board of Directors granted a restricted stock award for non-employee directors in lieu of an annual stock option grant provided for under the Company’s Outside Directors Stock and Incentive Compensation Plan (the “Compensation Plan”). The award is subject to certain restrictions until the first anniversary of the date of the award. In addition to the annual equity grant, the Board of Directors’ practice is to grant an initial equity award to each non-employee director upon commencement of service as a member of the Board of Directors.

 

2 Non-employee directors have the option to elect to receive all or a portion (in 25% increments) of the annual retainer in deferred stock units pursuant to the Compensation Plan.