Journal Communications, Inc. Summary of Non-Employee Director Compensation (Effective December 12, 2006)
This document outlines the compensation structure for non-employee directors of Journal Communications, Inc. as of December 12, 2006. Non-employee directors receive an annual retainer of $30,000, meeting fees of $1,500 per in-person meeting and $1,000 per teleconference, and additional annual retainers for committee chairs and the lead director ranging from $5,000 to $10,000. Each non-employee director is also granted 5,000 unrestricted Class B shares annually. The agreement specifies the compensation terms but does not impose additional obligations or conditions.
Exhibit 10.26
JOURNAL COMMUNICATIONS, INC.
Summary of Non-Employee Director Compensation
Effective Date of December 12, 2006
| Cash Compensation | |||
| Annual Retainer Fee | $ | 30,000 | |
| Meeting Fees | |||
| (Per Meeting) | $ | 1,500 | |
| (Teleconference Meeting) | $ | 1,000 | |
| Board Committee Retainers | |||
| Compensation Committee Chair | $ | 7,500 | |
| Human Resources Committee Chair | $ | 5,000 | |
| Lead Director/Nominating and Corporate Governance Committee Chair | $ | 10,000 | |
| Audit Committee Chair | $ | 7,500 | |
| Equity Compensation | |||
| Annual Grant of Unrestricted Class B Shares | 5,000 shares | ||
