AlerisLife Inc.
EXHIBIT 10.2
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<TYPE>EX-10.2
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<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ALERISLIFE INC.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Summary of Director Compensation</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following is a summary of the currently effective compensation
of the Directors of AlerisLife Inc. (the &#8220;Company&#8221;) for services as Directors, which is subject to modification at any time
by the Board of Directors (the &#8220;Board&#8221;) or the Compensation Committee of the Board, as applicable:</P>

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    <TD STYLE="width: 24px"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Each Independent Director receives an annual fee of $75,000 for services as a Director. The annual fee for any new Independent Director is prorated for the initial year.</FONT></TD></TR>
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    <TD STYLE="text-align: left; width: 24px"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Each Independent Director who serves as a committee chair of the Board&#8217;s Audit Committee, Compensation Committee or Nominating and Governance Committee receives an additional annual fee of $25,000, $15,000 and $15,000, respectively. The committee chair fee for any new committee chair is prorated for the initial year.</FONT></TD></TR>
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    <TD STYLE="text-align: left; width: 24px"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Lead Independent Director receives an additional annual cash retainer fee of $20,000 for serving in this role.</FONT></TD></TR>
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    <TD STYLE="text-align: left; width: 24px"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Each Director receives a grant of 12,500 shares of the Company&#8217;s common stock on the date of the first Board meeting following each annual meeting of stockholders (or, for Directors who are first elected or appointed at other times, on the day of the first Board meeting attended).</FONT></TD></TR>
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    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Company generally reimburses all Directors for travel expenses incurred in connection with their duties as Directors and for out of pocket costs incurred in connection with their attending certain continuing education programs.</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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