Dex Media, Inc. Non-Management Director Compensation Arrangements Effective December 2, 2013
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Summary
Dex Media, Inc. has established compensation terms for its non-management directors, effective December 2, 2013. Directors receive annual cash retainers for board and committee service, additional fees for chairing committees, and meeting attendance fees. They also receive an annual equity award in the form of company stock valued at $30,000. The arrangement outlines specific amounts for each role and responsibility, ensuring transparent and structured compensation for board service.
EX-10.31 2 dexmedia2013123110-kex10_x.htm EXHIBIT DexMedia2013123110-KEX10__DirectorComp
Exhibit 10.31
COMPENSATORY ARRANGEMENTS OF DIRECTORS
The Compensation and Benefits Committee of the Board of Directors of Dex Media, Inc. (the “Corporation”) approved non-management director compensation, effective as of December 2, 2013, as follows:
Service | Fee Amount | ||
Annual Cash Retainer for Board Service | $120,000 | ||
Annual Chairman of the Board Retainer | $145,000 | ||
Annual Audit and Finance Committee Membership Retainer | $7,500 | ||
Annual Audit and Finance Committee Chairman Retainer | $25,000 | ||
Annual Compensation and Benefits Committee Membership Retainer | $7,500 | ||
Annual Compensation and Benefits Committee Chairman Retainer | $25,000 | ||
Annual Corporate Governance Committee Membership Retainer | $5,000 | ||
Annual Corporate Governance Committee Chairman Retainer | $15,000 | ||
Board and Committee Meeting Fee | $2,000 | ||
Annual Equity Retainer for Board Service | $30,000 | ||
Non-management directors also receive annual award of the Corporation’s common stock equal to $30,000 divided by the closing price of the Corporation’s common stock on the date of grant.
