James Murdoch was recently appointed the head of all News Corp’s media operations in Europe and Asia, after his stint as the CEO of BSkyB…now an indication of his new compensation structure, from the SEC filings here in U.S.

His package includes:
—an annual base salary of 2.3 million Euros ($3.4 million)
—a bonus based on the performance, with a target opportunity of 75 percent (and a maximum opportunity of 100 percent) of base salary, to be paid in cash
—a performance-based bonus of between $0 million and $12.5 million in a particular fiscal year based upon the company’s adjusted earnings per share, to be paid in a combination of cash and cash-settled restricted stock units that will vest over a three-year period.
—He will also be eligible to participate in the company’s 2005 Long-Term Incentive Plan…as part of this he also gets 400,000 cash-settled RSUs. These RSUs shall vest in three equal annual installments beginning January 1, 2009.
—Murdoch will not receive any additional compensation for his service as a member of the company’s board. Ah, the things they have to give up…

• James Murdoch’s The Anointed One At News Corp; Takes Charge Of Europe and Asia