Marten Transport, Ltd. 2007 Non-Employee Director Compensation Summary
Marten Transport, Ltd. has established a compensation plan for its non-employee directors for the 2007 fiscal year. Non-employee directors receive an annual retainer, additional fees for serving as lead director or committee chairs, and per-meeting attendance fees. The company also reimburses directors for expenses related to attending meetings. This summary outlines the specific amounts paid for each role and meeting participation.
Exhibit 10.1
Marten Transport, Ltd.
2007 Non-employee Director Compensation Summary
The Board of Directors of Marten Transport, Ltd. approved the following fee schedule for non-employee directors for fiscal year 2007:
| Annual Board Retainer | $20,000 |
| Lead Director | 5,000 |
| Audit Committee chair | 15,000 |
| Compensation Committee chair | 7,500 |
| Nominating/Corporate Governance Committee chair | 2,500 |
The company generally pays non-employee directors a fee of $1,000 for each Board meeting attended, $500 for each committee meeting attended, and reimburses them for out-of-pocket expenses of attending meetings.
