Hawaiian Electric Industries (HE) 10-K 2008 FY Annual report

HEI Exhibit 10.14

Nonemployee Director's Compensation Schedule

Effective January 22, 2008

HEI Board Compensation - paid quarterly
Role	Annual Retainer
HEI Chairman of the Board	$	250,000
HEI Director	$	40,000
HEI Audit Committee Chair	$	15,000
HEI Audit Committee Member	$	6,000
HEI Compensation Committee Chair	$	10,000
HEI Compensation Committee Member	$	4,000
HEI Nominating & Corporate Governance Committee Chair	$	5,000
HEI Nominating & Corporate Governance Committee Member	$	4,000
ASB Board Compensation - paid quarterly
Role	Annual Retainer
ASB Director	$	25,000
ASB Audit Committee Chair	$	12,500
ASB Audit Committee Member	$	5,000
HECO Board Compensation - paid quarterly
Role	Annual Retainer
HECO Director	$	25,000
HECO Audit Committee Chair	$	10,000
HECO Audit Committee Member	$	4,000
MECO and HELCO Board Compensation - paid quarterly
Role	Annual Retainer
Director		500*
*  per meeting fee, approved 1/22/08
Additional Committee Meeting Fees
Role	Meeting Fee per Extra Meeting
HEI Audit Committee Member	$	1,250*
HECO Audit Committee Member	$	750*
HEI Compensation Committee Member	$	500*
HEI Nominating & Corporate Governance Committee Member	$	500*
*  Earned per extra meeting, after attending the following minimum number of committee meetings during the calendar year:     (8) Audit meetings (6) Compensation meetings; (6) Nominating & Corporate Governance meetings
Director Equity Compensation - annual grant
Role	Equity Retainer
HEI Director		1,800 shares
New HEI Director (one-time grant)		2,000 shares
HECO or ASB Director (who is not on HEI Board)		1,000 shares
New HECO or ASB Director (who is not on HEI Board; one-time grant)		1,000 shares