NeuStar Outside Director Compensation Program Effective August 1, 2007
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Summary
NeuStar's Outside Director Compensation Program sets out the annual cash retainers and stock-based compensation for non-employee directors, effective August 1, 2007. Directors receive annual cash retainers for board and committee service, with additional amounts for lead director and committee chairs. All payments are made quarterly. Non-employee directors also receive annual restricted stock units (RSUs) valued at $150,000, which vest after one year and are delivered as shares six months after a director leaves the board.
EX-10.50 7 w35805exv10w50.htm EX-10.50 exv10w50
Exhibit 10.50
Outside Director Compensation
Program effective August 1, 2007
Annual Board retainer of $60,000
Lead director retainer of $30,000
Committee chair retainer:
| — | Audit Committee — $20,000 | ||
| — | Compensation Committee — $20,000 | ||
| — | Nominating & Corporate Governance Committee — $15,000 | ||
| — | Neutrality Committee — $10,000 |
Committee member retainer:
| — | Audit Committee — $10,000 | ||
| — | Compensation Committee — $7,500 | ||
| — | Nominating & Corporate Governance Committee — $7,500 | ||
| — | Neutrality Committee — $5,000 |
All amounts will be paid to directors in arrears quarterly
Annual restricted stock unit grant:
| — | Number of RSUs equal to $150,000 divided by the closing price of NeuStar stock on the date of grant | ||
| — | Granted to all non-employee directors | ||
| — | RSUs fully vest on the anniversary of the date of grant | ||
| — | RSUs automatically deferred into deferred stock units upon vesting and delivered in actual shares of NeuStar stock 6 months after the date of termination of Board service |
