LIN TV Corp. Summary of Director Compensation Policy (as of March 14, 2008)
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Summary
LIN TV Corp. outlines the compensation structure for its non-employee directors as of March 14, 2008. Directors receive an annual cash retainer of $30,000, with additional retainers for committee chair roles and fees for attending board and committee meetings, either in person or by phone. Directors may choose to receive half of their annual retainer in class A common stock. This policy sets out the payment terms and options for non-employee board members.
EX-10.11 4 d54032exv10w11.htm SUMMARY OF DIRECTOR COMPENSATION POLICIES exv10w11
Exhibit 10.11
LIN TV Corp.
Summary of Director Compensation
As of March 14, 2008, our non-employee directors receive the following compensation:
| Annual Cash Retainer for each non-employee director(1) | $ | 30,000 | ||
| Additional annual cash retainers for: | ||||
| Compensation committee chairman | 7,500 | |||
| Nominating and corporate governance committee chairman | 7,500 | |||
| Operations review 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 |
| (1) | Directors may elect to receive half of their annual retainer in class A common stock. |
