.
.
.
EXHIBIT 10.1
HCA 2006 DIRECTOR FEES/COMPENSATION POLICY
- --------------------------------------------------------------------------------
HCA BOD PAY ELEMENT RECOMMENDATIONS
- -----------------------------------------------------------------------------------
Annual Retainer - $55,000 base value
- Choice of cash, restricted stock (RS),
or restricted share units (RSUs)
- 25% premium for RS or RSUs with
2-year cliff vesting
- Pro-rata acceleration upon death
or disability
- Immediate forfeiture of RS or
RSUs upon voluntary or involuntary
termination
- -----------------------------------------------------------------------------------
Board Meeting Fees - $2,000 per meeting
- Paid in cash
- -----------------------------------------------------------------------------------
Committee Member Retainer (annual) - $3,000 per Committee
- Same choices as annual retainer
- -----------------------------------------------------------------------------------
Committee Meeting Fees - $1,500 per meeting
(all members) - Paid in cash
- -----------------------------------------------------------------------------------
Committee Chair Retainer (annual)
- Audit - $20,000
- Same choices as annual retainer
- All Other - $10,000
- Same choices as annual retainer
- -----------------------------------------------------------------------------------
Presiding Director Retainer (annual) - $10,000
- Same choices as annual retainer
- -----------------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------------