QuickLinks -- Click here to rapidly navigate through this documentExhibit 10.7
Summary of Viacom Inc. Compensation for Outside Directors
(As of January 1, 2006)
Cash Compensation
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- An annual retainer of $60,000, payable in equal installments quarterly in advance, plus a per meeting attendance fee of $2,000;
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- The Chairs of the Audit and Compensation Committees each receive an annual retainer of $20,000, payable in equal installments quarterly in advance, and the members of those committees receive a per meeting attendance fee of $2,000; and
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- The Chair of the Governance and Nominating Committee receives an annual retainer of $15,000, payable in equal installments quarterly in advance, and the members of that committee receive a per meeting attendance fee of $1,500.
Outside directors may elect to defer their cash compensation under the Viacom Inc. Deferred Compensation Plan for Outside Directors.
Equity Compensation
Stock Options:
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- an initial grant of 7,928 stock options to purchase shares of Class B common stock on the date the director first joins the Board or becomes an outside director, which options vest one year from the date of grant; and
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- an annual grant of 3,171 stock options to purchase shares of Class B common stock on January 31 of each year, which options vest in equal annual installments over a period of three years.
The exercise price of the stock options is the closing price of Viacom's Class B common stock on the New York Stock Exchange on the date of grant.
RSUs are payable to outside directors in shares of Class B common stock upon vesting unless the outside director elects to defer settlement of the RSUs to a future date. Outside directors are entitled to receive dividend equivalents on the RSUs in the event the Company pays a regular cash dividend on its Class B common stock.
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