Marten Transport, Ltd. 2006 Non-Employee Director Compensation Summary
Marten Transport, Ltd. has established a compensation plan for its non-employee directors for the 2006 fiscal year. Non-employee directors receive an annual retainer, additional fees for serving as committee chairs, and $500 for each board or committee meeting attended. The company also reimburses directors for out-of-pocket expenses related to meeting attendance. This agreement outlines the payment structure and reimbursement policy for non-employee directors.
Exhibit 10.19
Marten Transport, Ltd.
2006 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 2006:
| Annual Board Retainer |
| $ | 15,000 |
|
| Audit Committee chair / lead director |
| 20,000 |
| |
| Compensation Committee chair |
| 5,000 |
| |
| Nominating/Corporate Governance Committee chair |
| 2,500 |
| |
The company generally pays non-employee directors a fee of $500 for each Board or committee meeting attended, and reimburses them for out-of-pocket expenses of attending meetings.
