NATIONAL RESEARCH CORPORATION
Summary of Compensation for
January 1, 2005
As of January 1, 2005, the compensation for non-employee members of the Board of Directors (the “Board”) of National
Research Corporation (the “Company”) is as follows:
Directors who are not employees of the Company receive an annual retainer of $10,000 and a fee of $500 for each committee
meeting attended, which is not held on the same date as a Board meeting is held. Additionally, directors are reimbursed for out-
of-pocket expenses associated with attending meetings of the Board and committees thereof.
Subject to shareholder approval of the 2004 Non-Employee Director Stock Plan at the May 5, 2005 Annual Meeting of
Shareholders, each director who is not an employee of the Company will receive an annual grant of an option to purchase 12,000
shares of Common Stock on the date of each annual meeting of shareholders. The options will have an exercise price equal to
the fair market value of the Common Stock on the date of grant and vest one year after the grant date.