The Marcus Corporation Non-Employee Director Compensation Plan
Exhibit 10.1
The Marcus Corporation
Non-Employee Director Compensation Plan
Effective December 27, 2019
1. | Annual cash retainer: | $25,000 |
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2. | Yearly annual meeting stock grant retainer (common shares) | 753 Shares |
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3. | Annual FYE restricted stock grant (common shares): Vesting to occur upon the earlier of (i) 100% upon eligibility for normal retirement from the Board or disability (each as determined by the Company’s Compensation Committee) or upon death; or (ii) 50% upon the second anniversary of the grant date while still serving on the Board and the remaining 50% upon the fourth anniversary of the grant date while still serving on the Board | 1,250 Shares |
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4. | Board meeting attendance cash fee: | $5,500 |
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5. | Non-qualified stock option grant (common shares): Fair market value exercise price (closing sale price) Fully vested and immediately exercisable at grant date | Initial: 1,000 Shares |
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6. | Committee chairperson meeting attendance cash fee: | Audit: $2,500 Other: $2,000 |
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7. | Committee member meeting attendance cash fee: | Audit: $2,000 Other: $1,750 |
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8. | Reimbursement of out-of-pocket expenses: | Yes |
