Summary of Executive Compensation Arrangements
Exhibit 10.37
LIN TV Corp.
As of March 15, 2006, the 2006 base salaries of each of the executive officers of LIN TV Corp. were as follows:
Name of Executive Title of Executive Base Salary Chairman of the Board, President and Chief Executive Officer 800,000 Vice President, Chief Financial Officer and Treasurer 398,000 Vice President of New Development, General Counsel and Secretary 400,000 Vice President, Deputy General Counsel 230,000 Vice President, Engineering and Operations 230,000
Mr. Chapman’s target bonus opportunity is established in accordance with his employment agreement incorporated by reference as Exhibit 10.2 to the Annual Report on Form 10-K for the year ended December 31, 2005. The Compensation Committee of the Board of Directors determines the bonuses to be paid to the other executives listed below based on targets established by the Compensation Committee and subjective assessment by the Compensation Committee of the extent to which the executive officer contributed to the overall performance of the Company or a particular department of the Company.
As of March 15, 2006, the 2006 target bonus of each of the executive officers of LIN TV Corp. were as follows:
Name of Executive Title of Executive Cash Bonus
Base Salary Chairman of the Board, President and Chief Executive Officer 800,000 Vice President, Chief Financial Officer and Treasurer 154,000 Vice President of New Development, General Counsel and Secretary 166,000 Vice President, Deputy General Counsel 121,000 Vice President, Engineering and Operations 121,000
