EXHIBIT 10.1

 

HEALTH CARE REIT, INC.

 

Summary of Director Compensation

 

     For each calendar year, each non-employee member of the Board of Directors
of Health Care REIT, Inc. (the “Company”) will receive an annual retainer of
$80,000, payable in equal quarterly installments. Additionally, the chairs of
the Audit Committee, the Compensation Committee and the Nominating/Corporate
Governance Committee each will receive an additional retainer of $15,000. If the
Board of Directors holds more than four meetings in a year, each non-employee
member of the Board will receive $1,500 for each meeting attended in excess of
four meetings. With respect to the Audit, Compensation, Executive and
Nominating/Corporate Governance Committees, if any of these committees holds
more than four meetings in a year, each non-employee member of these committees
will receive $1,000 for each meeting attended in excess of four meetings.  Also,
with respect to strategic planning sessions of the Executive Committee, each
non-employee member of the  Executive Committee will receive $7,500 as a
one-time fee in 2012, $1,500 for each meeting attended that is held at a
separate location from a meeting of the Board of Directors and $750 for each
meeting attended that is held telephonically or at the same location as a
meeting of the Board of Directors.

 

     Each of the non-employee directors will receive, in each calendar year, a
grant of deferred stock units with a value of $95,000, pursuant to the Company’s
Amended and Restated 2005 Long-Term Incentive Plan. The deferred stock units
will be convertible into shares of common stock of the Company in three equal
installments on the first three anniversaries of the date of the grant.
Recipients of the deferred stock units also will be entitled to dividend
equivalent rights.

 

 

 

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