Univision Summary of Directors’ Compensation for Non-Employee Directors and Alternate Directors
Univision provides annual compensation of $100,000 to each non-employee director and alternate director who owns less than 5% of the company’s common stock and is not affiliated with A. Jerrold Perenchio, Grupo Televisa, or Venevision. Additionally, these directors and alternates may be granted options to purchase Class A Common Stock. In 2006, certain directors received 25,000 nonqualified stock options vesting over four years. No options were awarded in 2005.
Exhibit 10.3.6
Summary of Directors’ Compensation
Each non-employee director and alternate director who owns less than 5% of Univision’s common stock and who is not affiliated with A. Jerrold Perenchio, Grupo Televisa, S.A. and its affiliates (“Televisa”) or Corporacion Venezolana del Television, C.A. (VENEVISION) and its affiliates (“Venevision”) is paid $100,000 for each year of service. In addition, each non-employee director, other than A. Jerrold Perenchio and John G. Perenchio, and each alternate director may be granted options to purchase our Class A Common Stock. In 2005, Univision did not award any options but made its annual grants of options in January 2006, at which time each of Messrs. Gaba, Horn, Cassara, Tichenor, Johnson, Rivera and Cisneros received 25,000 nonqualified stock options that vest ratably over 4 years.
