Arbitron Inc. 2010 Non-Employee Board of Director Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

Arbitron Inc. outlines the 2010 compensation for its non-employee board members. Directors receive an annual retainer of $30,000, with additional fees for serving as Independent Chairman or committee chairs. Meeting attendance is compensated, and directors are granted deferred stock units, both upon joining and annually thereafter, which vest over three years and are payable after leaving the board. Directors may choose to receive cash fees as deferred stock units instead. This agreement sets the terms and structure for board member compensation for the year 2010.

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EX-10.46 8 w77394exv10w46.htm EX-10.46 exv10w46
EXHIBIT 10.46
Arbitron Inc. 2010 Board of Director Compensation
The Arbitron Non-Employee Board of Directors receive the following compensation for 2010:
     
Annual Retainer Fee
  $30,000
 
    
Independent Chairman of the Board Additional Annual Retainer
  $85,000
 
    
Committee Chair Retainer
  Audit Committee: $20,000
 
  Technology Strategy Committee:
 
  $20,000
 
  Other Committees: $10,000
 
    
Board Meeting Fees (In person or by telephone)
  $1,500
 
    
Committee Meeting Fees (In person)
  $1,500
 
    
Committee Meeting Fees (By telephone)
  $750
 
    
Initial Deferred Stock Unit Award
  Each newly elected non-employee director will receive a one-time grant of 4,500 deferred stock units, which deferred stock units will vest in three equal installments of 1,500 deferred stock units over a three-year period and will be payable no sooner than six months following the director’s termination of service as a director of the Company.
 
    
Annual Deferred Stock Unit Awards
  Beginning the year after initial election to the board of directors, each continuing non-employee director will receive an annual grant of $100,000 worth of deferred stock units, which deferred stock units will vest in three equal installments over a three-year period and will be payable no sooner than six months following the director’s termination of service as a director of the Company.
All cash retainer fees and meeting fees payable to non-employee directors may be paid, at the election of each director, in the form of deferred stock units, in lieu of cash.