Nonmanagement Director Compensation Program



 Exhibit 10.3 
 Nonmanagement Director Compensation 
 Purpose: The purpose of
the compensation program for nonmanagement directors of Acadia Healthcare Company, Inc. (the “Company”) is to align the interests of nonmanagement directors with the long-term interests of stockholders and to adequately compensate
nonmanagement directors to ensure that the Company retains highly qualified directors. 
 Annual Cash Retainer for
Directors: Nonmanagement directors shall be paid an annual cash retainer of $50,000. 
 Annual Cash Retainer for Audit
Committee Members: The chair of the Audit Committee shall be paid an annual cash retainer of $15,000. Other members of the Audit Committee shall be paid an annual cash retainer of $10,000. 

Annual Cash Retainer for Compensation Committee Members: The chair of the Compensation Committee shall be paid an annual cash
retainer of $12,500. Other members of the Compensation Committee shall be paid an annual cash retainer of $7,500. 
 Annual
Cash Retainer for Nominating and Corporate Governance Committee Members: If the Board of Directors determines to form a Nominating and Corporate Governance Committee, the chair of the Nominating and Corporate Governance Committee shall be paid
an annual cash retainer of $10,000. Other members of the Nominating and Corporate Governance Committee shall be paid an annual cash retainer of $7,500. 
 Annual Cash Retainer for Lead Director: If the Board of Directors of Acadia determines to appoint a lead director, such lead director shall be paid an annual cash retainer of $65,000. 

Payment of Annual Cash Retainers: All annual retainers shall be paid on the day of the Company’s Annual Meeting of
Stockholders (the “Annual Meeting Date”). In the event a nonmanagement director is initially appointed to the Board and/or a committee of the Board on a date other than an Annual Meeting Date, such newly appointed director or committee
member shall be paid a pro rata portion of the applicable annual cash retainer at the quarterly Board meeting next following such appointment. 
 Initial Grant of Restricted Shares: On the date of the quarterly Board meeting next following a nonmanagement director’s initial appointment to the Board of Directors, such newly appointed
nonmanagement director shall receive an initial grant of restricted shares having a value equal to $100,000. The value of the restricted shares shall be based on the closing trading price of the Company’s common stock on the trading day
immediately preceding the quarterly board meeting. 
 Annual Grant of Restricted Shares: On each Annual Meeting Date,
each nonmanagement director shall receive an annual grant of restricted shares having a value equal to $80,000. The value of the restricted shares shall be based on the closing trading price of the Company’s common stock on the trading day
immediately preceding the Annual Meeting Date. 







 Vesting of Restricted Shares: All restricted shares issued to nonmanagement directors
shall vest over three years with such shares to vest 33 1/3% per year on the three successive anniversary dates of the grant of restricted stock beginning on the first anniversary of the grant date. 

Effective Date of Compensation Program: November 1, 2011