Summary of Director Compensation Policies
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EX-10.11 3 d44073exv10w11.htm SUMMARY OF DIRECTOR COMPENSATION POLICIES exv10w11
Exhibit 10.11
LIN TV Corp.
Summary of Director Compensation
As of March 15, 2007, our non-employee directors receive the following compensation:
Annual Cash Retainer for each non-employee directors (1) | $ | 30,000 | ||
Additional annual cash retainers for: | ||||
Compensation committee chairman | $ | 7,500 | ||
Nominating and corporate governance committee chairman | $ | 7,500 | ||
Audit committee chairman | $ | 10,000 | ||
Per Meeting Cash Fees | ||||
Board meeting attended in person | $ | 1,500 | ||
Committee meeting attended in person | $ | 1,000 | ||
Board meeting attended via telephone | $ | 1,000 | ||
Committee meeting attended via telephone | $ | 500 | ||
Initial option stock grants awarded to: | ||||
Each board member | $ | 100,000 | ||
Chairman of the Board | $ | 50,000 | ||
Audit committee chairman | $ | 30,000 | ||
Audit committee member | $ | 10,000 | ||
Nominating and corporate governance chairman | $ | 15,000 | ||
Compensation committee chairman | $ | 15,000 |
| (1) | Directors may elect to receive half of their annual retainer in class A common stock. |
