Attached files
EXHIBIT 10.17
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.
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 Companys 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.