Marten Transport, Ltd. 2005 Non-Employee Director Compensation Summary

Summary

Marten Transport, Ltd. has established a compensation plan for its non-employee directors for the 2005 fiscal year. Non-employee directors receive an annual retainer of $15,000, with additional fees for serving as chair of the Audit ($20,000), Compensation ($5,000), or Nominating/Corporate Governance ($2,500) Committees. Directors are also paid $500 for each Board or committee meeting attended and are reimbursed for related out-of-pocket expenses.

EX-10.17 2 a05-1860_1ex10d17.htm EX-10.17

Exhibit 10.17

 

Marten Transport, Ltd.

2005 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 2005:

 

Annual Retainer

 

$

15,000

 

Audit Committee chair

 

$

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.