The Amended and Restated Marcus Corporation Non-Employee Director Compensation Plan

Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 mcs-2022516xex101.htm EX-10.1 Document

Exhibit 10.1


The Marcus Corporation
Non-Employee Director Compensation Plan
Effective May 10, 2022

1Annual cash retainer:$25,000
2
Yearly annual meeting stock grant retainer (common shares)
Number of common shares determined by dividing $25,000 by the volume-weighted average price for the 20 trading days preceding the date of the grant.

Common Shares valued at $25,000
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. Number of common shares determined by dividing $45,000 by the volume-weighted average price for the 20 trading days preceding the date of the grant.

Common Shares valued at $45,000
4Board meeting attendance cash fee:
$5,500
5
Non-qualified stock option grant (common shares):
Fair market value exercise price (closing sale price)
Fully vested and immediately exercisable at grant date
Number of common shares determined by dividing $10,000 by the calculated Black Scholes value of the option as of the grant date

Initial: 1,000 Shares Annual FYE: Common Shares valued at $10,000
6Committee chairperson meeting attendance cash fee:
Audit: $2,500
Other: $2,000
7Committee member meeting attendance cash fee:
Audit: $2,000
Other: $1,750
8Reimbursement of out-of-pocket expenses:Yes