Document:

exv10w1

Exhibit 10.1

HCA HOLDINGS, INC.

2011 SENIOR OFFICER PERFORMANCE EXCELLENCE PROGRAM

Purpose and Administration of the Program

The 2011 Senior Officer Performance Excellence Program (the “Program”) has been established by HCA
Holdings, Inc. (the “Company”) to encourage outstanding performance from its senior officers.
Awards under the Program shall be administered as “Performance-Based Awards” pursuant to the 2006
Stock Incentive Plan for Key Employees of HCA Holdings, Inc. and its Affiliates, as Amended and
Restated (the “2006 Plan”). Subject to applicable law, all designations, determinations,
interpretations, and other decisions under or with respect to the Program or any award shall be
within the sole discretion of the Compensation Committee, including any subcommittee formed
pursuant to Section 3(a) of the 2006 Plan (the “Committee”), may be made at any time and shall be
final, conclusive and binding upon all persons. Designations, determinations, interpretations, and
other decisions made by the Committee with respect to the Program or any Award, including but not
limited to the application of the PEP Recoupment Policy described herein, need not be uniform and
may be made selectively among Participants, whether or not such Participants are similarly
situated.

Participation

All officers of the Company who have been designated by the Committee as “executive officers” of
the Company during 2011 (the “Fiscal Year”) are eligible to receive an award pursuant to the
Program (each, a “Participant”).

Incentive Calculation and Payment of Awards

Awards shall be calculated based on the financial results for the Fiscal Year and shall be paid
within two and one-half months following the end of each Fiscal Year. No awards will be paid to a
Participant until the Chairman and CEO shall have affirmed that senior officer behaviors and
actions during the Fiscal Year were consistent with the Company’s stated mission and values, the
Code of Conduct and other regulatory requirements.

The Committee will make awards pursuant to the Program (each, an “Award”) as set forth on Schedule
A hereto, on such terms as the Committee may prescribe based on the performance criteria set forth
on Schedule A hereto and such other factors as it may deem appropriate. The targets for the
performance criteria shall be determined by the Committee in its discretion within the first ninety
(90) days of the Fiscal Year. The Committee shall determine and certify whether and to what extent
each performance or other goal has been met prior to the payment of any Award hereunder. A
Participant is required to remain employed with the Company through the end of the Fiscal Year in
order to have a legally binding right to the Award.

 

 

Awards pursuant to the Program that are attributable to the performance goals being met at “target”
level or below will be paid solely in cash. In the event performance goals are achieved above the
“target” level, the amount of an Award attributable to performance results in excess of “target”
levels shall be payable 50% in cash and 50% in restricted stock units. The number of restricted
stock units will be determined by dividing the cash amount of the relevant portion of the Award by
the per share Fair Market Value (as such term is defined in the 2006 Plan) on the date of the
determination, and rounding down, with any fractional amount payable in cash. Any restricted stock
units granted under this Program will be pursuant to the terms contained in the Restricted Share
Unit Agreement attached to this Plan as Exhibit 1; except that, for the avoidance of doubt, any
“Prorata Bonus”, as such term is defined in any employment agreement between a Participant and the
Company in effect as of the effective date of this Program, shall be paid 100% in cash if such
amounts become payable under such employment agreement, and no restricted stock units will be
issued in respect of such Prorata Bonus amount.

Any restricted stock units issued as payment under this Program may be issued pursuant to the 2006
Plan or other appropriate equity plan in effect at such time, unless the Committee determines that
such awards may be made independent of any equity plan. Except as the Committee may otherwise
determine in its sole and absolute discretion, termination of a Participant’s employment prior to
the end of the Fiscal Year will result in the forfeiture of the Award by the Participant, and no
payments shall be made with respect thereto.

This Program is not a “qualified” plan for federal income tax purposes, and any payments are
subject to applicable tax withholding requirements.

Adjustments for Unusual or Nonrecurring Events

In addition to any adjustments enumerated in the definition of the performance goals set forth on
Schedule A hereto, the Committee is hereby authorized to make adjustments in the terms and
conditions of, and the criteria included in, awards in recognition of unusual or nonrecurring
events affecting any Participant, the Company, or any subsidiary or affiliate, or the financial
statements of the Company or of any subsidiary or affiliate; in the event of changes in applicable
laws, regulations or accounting principles; or in the event the Committee determines that such
adjustments are appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Program. The Committee is also
authorized to adjust performance targets or awards downward to avoid unwarranted windfalls.
Notwithstanding the foregoing, the Committee shall not have the discretion to increase any award
payable to any “covered employee” (within the meaning of Section 162(m) of the Code and the
regulations promulgated thereunder) in excess of that provided by the application of the terms and
conditions of Schedule A attached hereto.

 

 

PEP Recoupment Policy

The Company may recover any incentive compensation awarded or paid pursuant to this Program based
on (i) achievement of financial results that were subsequently the subject of a restatement due to
material noncompliance with any financial reporting requirement under either GAAP or the federal
securities laws, other than as a result of changes to accounting rules and regulations, or (ii) a
subsequent finding that the financial information or performance metrics used by the Committee to
determine the amount of the incentive compensation were materially inaccurate, in each case
regardless of individual fault. In addition, the Company may recover any incentive compensation
awarded or paid pursuant to this Program based on a Participant’s conduct which is not in good
faith and which materially disrupts, damages, impairs or interferes with the business of the
Company and its affiliates. This PEP Recoupment Policy applies to any incentive compensation
earned or paid to a Participant pursuant to this Program (including, but not limited to, the
restricted stock units issued hereunder). Subsequent changes in status, including retirement or
termination of employment, do not affect the Company’s rights to recover compensation under this
policy. The Committee will administer this policy and exercise its discretion and business
judgment in the fair application of this policy based on the facts and circumstances as it deems
relevant in its sole discretion. More specifically, the Committee shall determine in its
discretion any appropriate amounts to recoup, the officers from whom such amounts shall be recouped
(which need not be all officers who received the bonus compensation at issue) and the timing and
form of recoupment; provided, that only compensation paid or settled within three years prior to
the Committee taking action under this PEP Recoupment Policy shall be subject to recoupment;
provided further, that any recoupment pursuant to clause (i) or (ii) of the first sentence of this
paragraph shall not exceed the portion of any applicable bonus paid hereunder that is in excess of
the amount of performance-based or incentive compensation that would have been paid or granted
based on the actual, restated financial statements or actual level of the applicable financial or
performance metrics as determined by the Committee in its sole discretion.

For avoidance of doubt, the Company may set off the amounts of any such required recoupment against
any amounts otherwise owed by the Company to a Participant as determined by the Committee in its
sole discretion, solely to the extent any such offset complies with the requirements of Section
409A of the Internal Revenue Code and the guidance issued thereunder.

If any restatement of the Company’s financial results indicates that the Company should have made
higher performance-based payments than those actually made under the Program for a period affected
by the restatement, then the Committee shall have discretion, but not the obligation to cause the
Company to make appropriate incremental payments to affected Participants then-currently employed
by the Company. The Committee will determine, in its sole discretion, the amount, form and timing
of any such incremental payments, which shall be no more than the difference between the amount of
performance-based

 

 

compensation that was paid or awarded and the amount that would have been paid or granted based on
the actual, restated financial statements.

Other Provisions

No Right to Employment

The grant of an award shall not be construed as giving a Participant the right to be retained in
the employ of the Company or any subsidiary or affiliate.

No Trust or Fund Created

Neither the Program nor any award shall create or be construed to create a trust or separate fund
of any kind or a fiduciary relationship between the Company or any subsidiary or affiliate and a
Participant or any other person. To the extent that any person acquires a right to receive
payments from the Company or any subsidiary or affiliate pursuant to an award, such right shall be
no greater than the right of any unsecured general creditor of the Company or any subsidiary or
affiliate.

No Rights to Awards

No person shall have any claim to be granted any award and there is no obligation for uniformity of
treatment among Participants. The terms and conditions of awards, if any, need not be the same
with respect to each Participant. The Company reserves the right to terminate the Program at any
time in the Company’s sole discretion.

Section 409A of the Internal Revenue Code

This Program is intended to comply with Section 409A of the Internal Revenue Code, as amended (the
“Code”) and will be interpreted in a manner intended to comply with Section 409A of the Code.

Interpretation and Governing Law

This Program shall be governed by and interpreted and construed in accordance with the internal
laws of the State of Tennessee, without reference to principles of conflicts or choices of laws.
In the event the terms of this Program are inconsistent with the terms of any written employment
agreement between a Participant and the Company, the terms of such written employment agreement
shall govern the Participant’s participation in the Program. Program awards to covered employees
of the Company are intended to be deductible under Section 162(m) of the Code, and the provisions
of this Program and any award hereunder shall be interpreted and administered under the 2006 Plan
as a Performance-Based Award consistently therewith. Capitalized terms not otherwise defined
herein shall have the meanings ascribed to them in the 2006 Plan.

 

 

Schedule A

2011 Measures and Weightings

	 	 	 	 	 	 	 	 	 
	 	 	EBITDA1	 	 	Other2	 
	All Participants
	 	 	100	%	 	 	—	 

 

			
	1	 	For the purposes of this calculation, EBITDA means earnings before interest,
taxes, depreciation, amortization, net income attributable to noncontrolling interests, gains or
losses on sales of facilities, gains or losses on extinguishment of debt, asset or investment
impairment charges, restructuring charges, any expenses for share-based compensation under ASC
Topic 718, and any other expenses or losses resulting from significant, unusual and/or nonrecurring
events, as described in management’s discussion and analysis of financial condition and results of
operations appearing in the Company’s annual report for the Fiscal Year, as determined in good
faith by the Board or the Committee in consultation with the CEO. In the event the Company
disposes of or acquires any facility during the Fiscal Year, the EBITDA target for such year shall
be adjusted appropriately (based on the number of days during the year for which the facility was
owned) to reflect the acquisition or disposition.
	 
	2	 	The Committee reserves the right to apply negative discretion to final Award
determinations with respect to any Participant based on the Committee’s subjective evaluation of
the Participant’s annual performance including, if and as determined by the Committee, an
evaluation of quality of performance with a primary focus on CMS Core Measures and HCAHPS
performance against industry benchmarks. No adjustment to an individual Award pursuant to this
note 2 shall exceed 20% of the target PEP Award of the individual.

2011 PEP Opportunities

Each Participant in the Program is assigned annual award opportunities expressed in terms of
Threshold, Target and Maximum levels of performance. The opportunities, expressed as percentages
of base salary, for the following positions are as set forth below.

	 	 	 	 	 	 	 
	 	 	Threshold Level	 	 	 	Maximum Level
	 	 	(25% of Target Level)	 	Target Level	 	(200% of Target Level)
	Chairman & CEO
	 	32.5 - 37.5%	 	130 - 150%	 	260 - 300%
	President & CFO
	 	20 - 25%	 	80 - 100%	 	160 - 200%
	President of
Operations
	 	16.5 - 22.5%	 	66 - 90%	 	132 - 180%
	Group Presidents
	 	16.5 - 20%	 	66 - 80%	 	132 - 160%

 

 

The Target annual award opportunity for senior officers other than those listed above will range
from 40% to 70% of base salary, as determined by the Committee. Participants shall receive 100% of
the target award for target performance, 25% of the target award for a minimum acceptable
(threshold) level of performance, and a maximum of 200% of the target award for maximum
performance.

The Threshold, Target and Maximum percentages shall be finally determined by the Committee;
provided, that the maximum dollar amount that may be paid to any Participant under the Program with
respect to the Fiscal year shall not exceed the amount set forth in Section 5(f)(iii) of the 2006
Plan.

Payouts between threshold and maximum for Participants shall be calculated by the Committee in its
sole discretion using straight-line interpolation. The threshold, target and maximum EBITDA
performance levels and other goals (if applicable) shall be set by the Committee in its sole
discretion. Final Awards are subject to reduction in the Committee’s discretion as described in
note 2 of “2011 Measures and Weightings”.exv10w2

Exhibit 10.2

HCA Holdings, Inc.

Restricted Share Unit Agreement

     This RESTRICTED SHARE UNIT AGREEMENT (this “Agreement”) is made and entered into as of
the ____ day of March, 2012 (the “Grant Date”), between HCA Holdings, Inc., a Delaware
corporation (the “Company”), and [officer], (the “Grantee”). Capitalized terms not
otherwise defined herein shall have the meaning ascribed to such terms in the Company’s 2006 Stock
Incentive Plan for Key Employees of HCA Holdings, Inc. and its Affiliates, as Amended and Restated
(the “Plan”).

     WHEREAS, the Company has adopted the Plan, which permits the issuance of Restricted Share
Units; and

     WHEREAS, in the Compensation Committee of Board of Directors of the Company (or a subcommittee
thereof) (each, the “Committee”) has administered the 2011 Senior Officer Performance Excellence
Program (the “2011 PEP”) and determined that Grantee is entitled to an award thereunder, a portion
of which is payable as a restricted share unit award under the Plan;

     NOW, THEREFORE, the parties hereto agree as follows:

     1. Grant of Restricted Share Unit Award.

          1.1 The Company hereby grants to the Grantee an award (“Award”) of [number] Restricted
Share Units (“RSUs”) on the terms and conditions set forth in this Agreement and as otherwise
provided in the Plan. A bookkeeping account will be maintained by the Company to keep track of the
RSUs and any dividend equivalent units that may accrue as provided Section 3.

          1.2 This Agreement shall be construed in accordance and consistent with, and subject to, the
terms of the Plan; and, except as otherwise expressly set forth herein, the capitalized terms used
in this Agreement shall have the same meanings as are set forth in the Plan.

          1.3 The Grantee’s rights with respect to the Award shall remain forfeitable at all times prior
to the dates on which the RSUs shall vest in accordance with Section 2 hereof. This Award
may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by
Grantee other than by will or the laws of descent and distribution.

     2. Vesting and Payment.

          2.1 General. Except as provided in Section 2.2 and Section 2.3, the
Award shall vest on the second anniversary of the date hereof with respect to one-half (1/2) of the
RSUs, and shall expire with respect to the remaining RSUs on the third anniversary of the Grant
Date (each, a “Vesting Date”).

          2.2 Early Vesting. Notwithstanding Section 2.1 above, but subject to Section
2.3, all RSUs covered by the Award shall immediately vest upon the occurrence of a Change in
Control or upon the Grantee’s death or

 

 

Disability. For purposes of this Agreement, “Disability” shall have the same meaning as such term
is defined under Section 409A of the Code.

          2.3 Termination of Employment. Except as provided in Section 2.2 or as
otherwise provided by the Committee, if the Grantee’s service as an employee of the Company
terminates for any reason, the Grantee shall forfeit all rights with respect to all RSUs that are
not vested on such date; provided, that in the event of the Grantee’s Retirement, the Grantee shall
become vested in any RSUs that were, immediately prior to such Retirement, unvested, and such newly
vested RSUs shall continue to be payable on each applicable Vesting Date that occurs following the
date of such Retirement as provided in Section 2.1 or, if earlier, upon the occurrence of
an event described in Section 2.2. For purposes of this Agreement, “Retirement” means
Grantee’s resignation from service with the Company (and its subsidiaries, if applicable) (i) after
attaining 65 years of age or (ii) after attaining 60 years of age and completing three years of
service with the Company or any of its subsidiaries.

          2.4 Settlement. The Grantee shall be entitled to payment in respect of the RSUs
covered by this Agreement at the time that such RSUs vest pursuant to Section 2.1,
Section 2.2 or Section 2.3, as applicable (any such date, the “Payment Date”).
Such payment shall be made as promptly as practicable thereafter (but in no event after the
thirtieth day following the Payment Date), through the issuance to the Grantee (or to the executors
or administrators of Grantee’s estate in the event of the Grantee’s death) of a stock certificate
(or evidence such Shares have been registered in the name of the Grantee with the relevant stock
agent) for a number of Shares equal to the number of such vested RSUs and dividend equivalent
units.

     3. Dividend Rights.

     The Grantee shall receive dividend equivalent rights in respect of the RSUs covered by this
Award at the time of any payment of dividends to stockholders on Shares (the “dividend equivalent
units”). The RSUs will be credited with dividend equivalent units for cash dividends paid on
shares of the Company’s Common Stock by (a) multiplying the cash dividend paid per Share by the
number of RSUs (and previously credited dividend equivalent units) outstanding and unpaid, and (b)
dividing the product determined above by the Fair Market Value of a Share, in each case, on the
date the dividend is declared. The RSUs will be credited with dividend equivalent units for stock
dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per
Share by the number of RSUs (and previously credited dividend equivalent units) outstanding and
unpaid on the date the dividend is declared. Each dividend equivalent unit has a value equal to
one Share. Dividend equivalent units will vest and be payable at the same time as the RSU to which
the dividend equivalent unit relates.

     4. No Right to Continued Service.

     Nothing in this Agreement or the Plan shall be interpreted or construed to confer upon the
Grantee any right to continue service an officer or employee of the Company.

 

 

     5. Adjustments.

     The provisions of Section 8 and Section 9 of the Plan are hereby incorporated by reference,
and the RSUs (and any dividend equivalent units) are subject to such provisions. Any determination
made by the Committee or the Board pursuant to such provisions shall be made in accordance with the
provisions of the Plan and shall be final and binding for all purposes of the Plan and this
Agreement.

     6. Plan Governs.

     The Grantee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all
the terms and provisions thereof. The terms of this Agreement are governed by the terms of the
Plan, and in the case of any inconsistency between the terms of this Agreement and the terms of the
Plan, the terms of the Plan shall govern.

     7. Modification of Agreement.

     Subject to the restrictions contained in Sections 6 and 10 of the Plan, the Committee may
waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or
terminate, the Award, prospectively or retroactively; provided that any such waiver, amendment,
alteration, suspension, discontinuance, cancellation or termination that would adversely affect the
rights of the Grantee or any holder or beneficiary of the Award shall not to that extent be
effective without the consent of the Grantee, holder or beneficiary affected.

     8. Section 409A.

     Notwithstanding anything herein to the contrary, to the maximum extent permitted by applicable
law, the settlement of the RSUs to be made to the Grantee pursuant to this Agreement is intended to
qualify as a “short-term deferral” pursuant to Section 1.409A-1(b)(4) of the Regulations and this
Agreement shall be interpreted consistently therewith. However, under certain circumstances,
settlement of the RSUs may not so qualify, and in that case, the Committee shall administer the
grant and settlement of such RSUs in strict compliance with Section 409A of the Code. Further,
notwithstanding anything herein to the contrary, if at the time of a Participant’s termination of
employment with the Company and all Service Recipients, the Participant is a “specified employee”
as defined in Section 409A of the Code, and the deferral of the commencement of any payments or
benefits otherwise payable hereunder as a result of such termination of service is necessary in
order to prevent the imposition of any accelerated or additional tax under Section 409A of the
Code, then the Company will defer the commencement of the payment of any such payments or benefits
hereunder (without any reduction in such payments or benefits ultimately paid or provided to the
Participant) to the minimum extent necessary to satisfy Section 409A of the Code until the date
that is six months and one day following the Participant’s termination of employment with the
Company (or the earliest date as is permitted under Section 409A of the Code), if such payment or
benefit is payable upon a termination of employment. Each payment of RSUs (and related dividend
equivalent units) constitutes a “separate payment” for purposes of Section 409A of the Code.

 

 

     9. Severability.

     If any provision of this Agreement is, or becomes, or is deemed to be invalid, illegal, or
unenforceable in any jurisdiction or as to any Person or the Award, or would disqualify the Plan or
Award under any laws deemed applicable by the Committee, such provision shall be construed or
deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended
without, in the determination of the Committee, materially altering the intent of the Plan or the
Award, such provision shall be stricken as to such jurisdiction, Person or Award, and the remainder
of the Plan and Award shall remain in full force and effect.

     10. Governing Law.

     The validity, interpretation, construction and performance of this Agreement shall be governed
by the laws of the State of Delaware without giving effect to the conflicts of law principles
thereof, except to the extent that such laws are preempted by Federal law.

     11. Successors in Interest.

     This Agreement shall inure to the benefit of and be binding upon any successor to the Company.
This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations
imposed upon the Grantee and all rights granted to the Company under this Agreement shall be
binding upon the Grantee’s heirs, executors, administrators and successors.

     12. Resolution of Disputes.

     Any dispute or disagreement which may arise under, or as a result of, or in any way related
to, the interpretation, construction or application of this Agreement shall be determined by the
Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee
and the Company for all purposes.

     13. Notices.

     All notices required to be given under this Award shall be deemed to be received if delivered
or mailed as provided for herein, to the parties at the following addresses, or to such other
address as either party may provide in writing from time to time.

	 	 	 	 	 

	 

	 	To the Company:
	 	HCA Holdings, Inc.
	 

	 	 	 	One Park Plaza
	 

	 	 	 	Nashville, TN 37203
	 

	 	 	 	Attn: Vice President — Compensation
	 
	 	 	 	 
	 

	 	To the Grantee:
	 	The address then maintained with respect to the Grantee in the Company’s records.

 

 

     IN WITNESS WHEREOF, the parties have caused this Restricted Share Unit Agreement to be duly
executed effective as of the day and year first above written.

	 	 	 	 	 
	 	HCA Holdings, Inc.

 	 
	 
	 	By:  	 	 
	 	 	 	 
	 	Grantee:
 	 	 
	 
	 	Please Print
 
	 
	 	
Grantee:
 
	 
	 	

Signature

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