Dex One Corporation Non-Employee Director Compensation Program (Effective June 24, 2010)

Summary

Dex One Corporation has established a compensation program for its non-employee directors, effective June 24, 2010. Non-employee board members receive an annual payment of $125,000, split between cash and stock, after their election at the annual meeting. Additional cash compensation is provided for the Lead Director and committee chairs, with specific annual amounts. Directors also receive meeting fees for attending board and committee meetings, and are reimbursed for reasonable expenses related to their duties.

EX-10.17 2 g26201exv10w17.htm EX-10.17 exv10w17

EXHIBIT 10.17

DEX ONE CORPORATION

NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM

(As Modified and in Effect as of June 24, 2010)

Board Member Compensation:

•

$125,000 annually ($50,000 cash plus $75,000 stock) (payable immediately following election of directors at annual stockholders meeting)

Non-Executive Chairman and Committee Chair Compensation (all amounts payable in cash quarterly):

	•		Lead Director: $75,000 annually

	•		Chair of Audit and Finance Committee: $25,000 annually

	•		Chair of Compensation and Benefits Committee: $15,000 annually

	•		Chair of Corporate Governance Committee: $15,000 annually

Additional Compensation (all amounts payable in cash quarterly):

	•		Meeting Fees: $2,000 per board meeting attended and $2,000 per committee meeting attended (for committee members attending their own committee meetings only)

	•		Additionally, board members will be reimbursed for reasonable costs and expenses associated with attendance at Board and Board committee meetings and other Dex One business