Journal Communications, Inc. Summary of Non-Employee Director Compensation (Effective April 28, 2005)
This document outlines the compensation structure for non-employee directors of Journal Communications, Inc., effective April 28, 2005. Non-employee directors receive an annual cash retainer of $30,000, additional fees for attending meetings, and extra retainers for committee chairs. They also receive an annual grant of 3,000 shares of unrestricted Class B-2 Common Stock. The agreement specifies the amounts and types of compensation but does not impose additional obligations or conditions beyond service as a director.
Exhibit 10.14
Journal Communications, Inc.
Summary of Non-Employee Director Compensation
Effective Date: April 28, 2005
| Cash Compensation | ||||
| Annual Retainer Fee | $ | 30,000 | ||
| Meeting Fees: | ||||
| (Per Meeting) | $ | 1,500 | ||
| (Teleconference Meeting) | $ | 750 | ||
| 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 Share Grant (at Annual Meeting of Shareholders) | 3,000 shares | (1) | ||
| (1) | Full value unrestricted grant of Class B-2 Common Stock of Journal Communications, Inc. |
