Non-Executive Director Compensation Summary Sheet for News Corporation (Effective July 1, 2008)

Summary

This document outlines the compensation structure for non-executive directors of News Corporation, effective July 1, 2008. Non-executive directors receive an annual retainer of $220,000, split between $100,000 in cash and $120,000 in deferred stock units. Additional cash retainers are provided for committee membership and chair positions. Deferred stock units are paid out in cash after five years or upon a director's departure, based on the market value at that time. There is no compensation per meeting attended, and partial payments apply for directors joining or leaving mid-year.

EX-10.8 2 dex108.htm NON-EXECUTIVE DIRECTOR COMPENSATION SUMMARY SHEET Non-Executive Director Compensation Summary Sheet

Exhibit 10.8

Summary Sheet

Compensation for Non-Executive Directors of News Corporation

(Effective as of July 1, 2008)

Summary of compensation amounts

Cash (annual amount in US$)

1.	Cash Retainer - $100,000

2.	Committee Member Retainer

Audit - $16,000

Compensation - $11,000

Nominating/Corporate Governance $11,000

3.	Committee Chair Retainer:

Audit - $27,000

Compensation - $16,000

Nominating/Corporate Governance - $16,000

4.	Deferred Stock Retainer - $120,000 value

The annual retainer paid to non-executive directors is partly paid in cash and partly paid in deferred stock units for a total amount of $220,000 per year.

Cash

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Committee members of the Board will receive a further retainer. The chairman of a committee will receive an additional retainer.

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There is no “per meeting attended” compensation.

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Non-executive directors who join or leave the board will receive a partial payment of the cash portion of the retainer.

Deferred Stock Units

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Non-executive directors are credited with the number of shares of News Corporation Class A Common Stock equal to $120,000 per year.

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The value of the shares will be paid to non-executive directors in cash on the fifth anniversary date of when it was credited to the directors’ account, unless such director leaves the board before such date.

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Upon a non-executive director’s end of service on the Board, such director will be paid the value of the shares credited to his or her account at the market value of such shares as of the date of the director’s end of service.