Dex One Corporation Non-Employee Director Compensation Program (2010)

Contract Categories: Human Resources › Compensation Agreements
Summary

Dex One Corporation established a compensation program for its non-employee directors, effective January 29, 2010. Directors receive an annual payment of $125,000, split between cash and company stock. Additional cash compensation is provided for the Lead Director and committee chairs, with specific annual amounts. Directors also earn fees for attending board and committee meetings and are reimbursed for reasonable expenses related to their duties. Payments are made on a set schedule, with annual compensation paid after director elections and other amounts paid quarterly.

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EX-10.19 2 g22253exv10w19.htm EX-10.19 exv10w19
EXHIBIT 10.19
DEX ONE CORPORATION
Non-Employee Director Compensation Program
(Approved February 22, 2010; retroactively effective to January 29, 2010)
Board Member Compensation:
  ►   $125,000 annually ($50,000 cash plus $75,000 stock) (For 2010, payable on March 1, 2010; for 2011 and subsequent years, payable immediately following election of directors at annual stockholders meeting)
Lead Director 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