Marten Transport, Ltd. 2018 Non-Employee Director Compensation Summary
This document outlines the compensation plan for non-employee directors of Marten Transport, Ltd. for fiscal year 2018. Non-employee directors receive an annual retainer, additional fees for serving as lead director or committee chairs, and per-meeting attendance fees. They are also reimbursed for meeting-related expenses and receive a grant of 1,500 shares of common stock upon re-election to the Board. The compensation structure was approved by the company's Compensation Committee and is effective as of May 1, 2018.
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.
