EX-10.18 4 w06139exv10w18.htm EX-10.18 exv10w18
 

Exhibit 10.18

ARBITRON INC.

Schedule of Non-Employee Director Compensation 1/

           
 
Annual Retainer Fee
    $30,000  
 
 
       
 
Board Meeting Fees (In person or
    $1,500  
 
by telephone)
       
 
 
       
 
Committee Chair Retainer
    Audit Committee: $10,000  
 
 
    Other Committees: $7,500  
 
 
       
 
Committee In Person Meeting Fees
    $1,500  
 
 
       
 
Committee Telephonic Meeting Fees
    $750  
 
 
       
 
Initial Option Awards
    Each newly elected director will receive a one-time grant of  
 
 
    options to purchase 15,000 shares of common stock, which options  
 
 
    will vest and become exercisable in three equal installments of  
 
 
    5,000 shares over a three-year period and will expire 10 years  
 
 
    from the date of grant.  
 
 
       
 
Annual Option Awards
    Beginning the year after initial election, each non-employee  
 
 
    director will receive an annual grant of options to purchase  
 
 
    7,000 shares of common stock, which options will be fully vested  
 
 
    upon grant. These options will become exercisable in full six  
 
 
    months after the date of grant and will expire 10 years from the  
 
 
    date of grant.  
 
 
       
 
Annual Option Awards to Chairman
    The Chairman of the Board of Directors will also receive an  
 
 
    annual grant of options to purchase 10,000 shares of common  
 
 
    stock, which options will be fully vested upon grant. These  
 
 
    options will become exercisable in full six months after the  
 
 
    date of grant and will expire 10 years from the date of grant.  
 


    1/All cash retainer fees and meeting fees payable to directors may be partially or fully deferred at the election of each director into deferred stock units (DSUs) or may be paid at the election of each director in the form of stock options in lieu of cash.