2018 Non-Employee Director Compensation Summary

EX-10.2 3 ex_114066.htm EXHIBIT 10.2 ex_114066.htm

Exhibit 10.2

 

Marten Transport, Ltd.

2018 Non-Employee Director Compensation Summary 

 

On May 8, 2018, our Compensation Committee also reviewed and approved the following fee schedule for non-employee directors for fiscal year 2018, effective as of May 1, 2018:

 

   

2018

  
         

Annual Board Retainer

   $ 34,000  

Lead Director

     10,000  

Audit Committee chair

     15,000  

Compensation Committee chair

     10,000  

Nominating/Corporate Governance Committee chair

     6,000  

 

Non-employee directors also receive $1,500 for attendance at each Board meeting, $750 for each committee meeting attended and reimbursement for out-of-pocket expenses related to attending meetings.

 

Each non-employee director will also receive a grant of 1,500 shares of common stock in connection with re-election to the Board by the stockholders.