Entravision Communications Corporation Summary of Non-Employee Director Compensation
Entravision Communications Corporation provides compensation to its non-employee directors through an annual equity grant, a yearly cash payment of $24,000, and additional fees for attending board and committee meetings. Directors receive $1,250 for attending board meetings in person ($500 if by phone) and $1,000 for attending committee meetings in person ($500 if by phone), with an extra $250 for committee chairpersons. Committees may unanimously agree to waive meeting fees. This summary outlines the compensation structure for non-employee directors of the company.
EXHIBIT 10.1
Summary of Non-Employee Director Compensation
Directors of Entravision Communications Corporation who are not officers or employees of the company are compensated for their services as follows: (i) an annual grant under the company’s then-current equity incentive plan, in an amount and with the terms and conditions as may be provided from time to time in the company’s then-current equity incentive plan, or as may otherwise be determined by the Board; (ii) $24,000 per year; (iii) $1,250 for attendance at a Board meeting in person ($500 if telephonically); and (iv) $1,000 for attendance at a committee meeting in person ($500 if telephonically and an additional $250 if serving as the chairperson of the committee). However, Board committees may waive the meeting fees to which they would otherwise be entitled, subject to the unanimous approval of all members of the relevant committee.
