COMPENSATORY ARRANGEMENTS OF DIRECTORS
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.
