The Marcus Corporation Non-Employee Director Compensation Plan (Effective July 1, 2016)
This agreement outlines the compensation plan for non-employee directors of The Marcus Corporation, effective July 1, 2016. Non-employee directors receive an annual cash retainer, stock grants, stock options, and meeting attendance fees. Vesting schedules apply to certain stock grants, and additional fees are provided for committee chairs and members. Directors are also reimbursed for out-of-pocket expenses. The plan specifies the amounts and conditions for each type of compensation.
Exhibit 10.1
The Marcus Corporation
Non-Employee Director Compensation Plan
Effective July 1, 2016
| 1. | Annual cash retainer: | $15,000
|
| 2. | Yearly annual meeting stock grant retainer (common shares) | 753 Shares |
| 3. | Annual FYE restricted stock grant (common shares): Vesting to occur upon the earlier of (i) 100% upon normal retirement from the Board or (ii) 50% upon the third anniversary of the grant date while still serving on the Board and the remaining 50% upon the fifth anniversary of the grant date while still serving on the Board
| 1,500 Shares |
| 4. | Board meeting attendance cash fee: | $3,500
|
| 5. | Non-qualified stock option grant (common shares): Fair market value exercise price (closing sale price) Fully vested and immediately exercisable at grant date
| Initial: 1,000 Shares Annual FYE: 1,000 Shares |
| 6. | Committee chairperson meeting attendance cash fee: | Audit: $2,000 Other: $1,500
|
| 7. | Committee member meeting attendance cash fee: | Audit: $1,500 Other: $1,250
|
| 8. | Reimbursement of out-of-pocket expenses: | Yes |
