Marten Transport, Ltd. 2016 Non-Employee Director Compensation Summary

EX-10.2 3 ex10-2.htm EXHIBIT 10.2 ex10-2.htm

Exhibit 10.2

 

Marten Transport, Ltd.

2016 Non-Employee Director Compensation Summary 

 

On May 10, 2016, our Compensation Committee also approved the following fee schedule for non-employee directors for fiscal year 2016, which increases the annual retainer for non-employee directors from $26,000 to $30,000, but otherwise remains unchanged from the fee schedule for 2015:

 

   

2016

  
         

Annual Board Retainer

   $ 30,000  

Lead Director

     10,000  

Audit Committee chair

     15,000  

Compensation Committee chair

     10,000  

Nominating/Corporate Governance Committee chair

     3,500  

 

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 1,000 shares of common stock in connection with re-election to the Board by the stockholders.