Exhibit 10.27
HEALTH MANAGEMENT ASSOCIATES,
INC.
1996 EXECUTIVE INCENTIVE
COMPENSATION PLAN
AWARD NOTICE
|
|
|
|
|
|
|
|
|
Grantee:
|
|
|
|
|
|
|
Type
of Awards:
|
|
|
|
|
|
|
Number of Shares:
|
|
|
|
|
|
|
Date of
Grant:
|
|
|
|
|
1. Grant of Deferred Stock .
This Award Notice serves to notify you that the Compensation
Committee (the “Committee”) of the Board of Directors
of Health Management Associates, Inc. (“HMA”) hereby
grants to you, under HMA’s 1996 Executive Incentive
Compensation Plan (the “Plan”), a deferred stock award
(the “Award”), on the terms and conditions set forth in
this Award Notice and the Plan, for the number of shares of
HMA’s Class A Common Stock, par value $.01 per share
(the “Common Stock”) set forth above. The Plan is
incorporated herein by reference and made a part of this Award
Notice. A copy of the Plan is available from HMA’s Human
Resources Department upon request. You should review the terms of
this Award Notice and the Plan carefully. The capitalized terms
used and not defined in this Award Notice are defined in the
Plan.
2. Vesting . Subject to the
terms set forth in this Award Notice and the Plan, the Award will
vest as follows: all shares vest on January 2,
2009.
3. Effect of Change In
Control . Upon the occurrence of a Change In Control of HMA,
your rights will be determined in accordance with Section 9 of
the Plan.
4. Nature of Award . The
Award will initially be evidenced by book-entry registration only,
without the issuance of a certificate representing the shares of
Common Stock underlying the Award. Until vested in accordance with
Section 2, the Award constitutes the Company’s unfunded
and unsecured promise to issue shares of Common Stock to you on a
future date. You agree to repay the Company the value of the Stock
Award if you are removed from your position as President and CEO
for cause prior to December 31, 2009.
5. Issuance of Shares .
Subject to Section 9 of this Award Notice, upon the vesting of
any shares of this Award pursuant to t
