Amended Compensation Arrangement for Non-Executive Vice Chair of Viacom Board (July 27, 2006)
This agreement outlines the compensation for the Non-Executive Vice Chair of Viacom's Board of Directors. The Vice Chair will receive an annual cash payment of $200,000, paid quarterly in advance, plus $4,000 for each meeting attended. The amendment does not change any grants previously awarded under Viacom's 2006 Stock Option Plan or 2006 RSU Plan for Outside Directors.
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Exhibit 10.5
Amended Compensation Arrangement for Non-Executive Vice Chair
(As of July 27, 2006)
The Non-Executive Vice Chair of Viacom's Board of Directors will receive annual cash compensation of $200,000, payable in equal installments quarterly in advance, and a per meeting attendance fee of $4,000. Grants awarded under the Company's 2006 Stock Option Plan for Outside Directors and the Company's 2006 RSU Plan for Outside Directors are not affected by the amendment.
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