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