Marten Transport, Ltd. 2019 Non-Employee Director Compensation Summary
Marten Transport, Ltd. has set out its 2019 compensation plan for non-employee directors, effective May 1, 2019. Non-employee directors receive an annual retainer of $34,000, with additional fees for serving as Lead Director or as a committee chair. Directors are also paid for attending board and committee meetings and reimbursed for related expenses. Upon re-election by shareholders, each non-employee director receives a grant of 1,500 shares of common stock.
Exhibit 10.2
Marten Transport, Ltd.
2019 Non-Employee Director Compensation Summary
On May 7, 2019, our Compensation Committee also reviewed and approved the following fee schedule for non-employee directors for fiscal year 2019, effective as of May 1, 2019:
| 2019 | ||||
| Annual Board Retainer | $ | 34,000 | ||
| Lead Director | 15,000 | |||
| Audit Committee chair | 15,000 | |||
| Compensation Committee chair | 15,000 | |||
| 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.
