Universal Health Services said the Compensation Committee of the Board of Directors approved amendments to the existing employment agreement of Marc D. Miller, the Company's Chief Executive Officer and President, on December 30, 2025. Under the amended agreement, his term is scheduled to end on January 1, 2029, subject to automatic renewal for additional 1-year periods unless either party elects otherwise.

1. 01

   Universal Health Services said the Compensation Committee of the Board of Directors approved amendments to the existing employment agreement of Marc D. Miller, the Company's Chief Executive Officer and President, on December 30, 2025. Under the amended agreement, his term is scheduled to end on January 1, 2029, subject to automatic renewal for additional 1-year periods unless either party elects otherwise.

2. 02

   The company said Marc D. Miller's base salary for 2026 will be $1,575,000, a 5% increase over his 2025 base salary. His annual bonus target is 150% of his salary, though the actual bonus may be more or less than the target and will be determined by the Board of Directors in accordance with pre-established performance measures.

3. 03

   Universal Health Services said Marc D. Miller is eligible to receive annual awards under the company's long-term incentive plan and will be provided with health, disability and accident insurance coverage, retirement benefits, a company automobile, and personal use of company fractionally owned aircraft at company expense, among other executive benefits.

4. 04

   The company said if Marc D. Miller terminates his employment due to a material change in the duties of his office or any other breach by the company of its obligations, or if the company terminates his employment without cause or otherwise in breach of his employment agreement, he will generally continue to receive all cash compensation, long-term equity incentive compensation and other benefits for the remainder of his employment term as if his employment had not terminated, and the vesting of his long-term incentive plan awards will accelerate. The company may condition his right to receive any severance benefits on his execution of a general release in favor of the company.

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