SuperMedia Inc. Non-Management Director Compensation Arrangements (Effective February 16, 2012)
SuperMedia Inc.'s Compensation Committee approved a compensation plan for its non-management directors, effective February 16, 2012. Directors receive an annual cash retainer of $70,000, with additional fees for serving as Chairman or Vice Chairman of the Board, or as Chair of various committees. Extra fees are also paid for attending board or committee meetings beyond the regular schedule. These arrangements outline the payment structure and roles eligible for additional compensation.
Exhibit 10.3
COMPENSATORY ARRANGEMENTS OF DIRECTORS
The Compensation Committee of the Board of Directors of SuperMedia Inc. approved non-management director compensation, effective as of February 16, 2012, as follows:
| Service(1) |
| Fee Amount ($) |
|
| Annual Chairman of the Board Fee |
| 109,500 |
|
| Annual Vice Chairman of the Board Fee |
| 10,000 |
|
| Annual Audit Committee Chairman Fee |
| 20,000 |
|
| Annual Compensation Committee Chairman Fee |
| 20,000 |
|
| Annual Nominating and Corporate Governance Committee Chairman Fee |
| 10,000 |
|
| Per Board Meeting Fee(2) |
| 2,000 |
|
| Per Board Committee Meeting Fee |
| 2,000 |
|
(1) The annual cash retainer for board service is $70,000. The table above shows director fees payable in addition to the annual retainer.
(2) Board meeting fees are paid only for meetings in addition to the regularly scheduled Board meetings.
