The Marcus Corporation Non-Employee Director Compensation Plan Effective July 23, 2014

Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 v416756_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

 

The Marcus Corporation

Non-Employee Director Compensation Plan

Effective July 23, 2014

 

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): 1,250 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  
     
4. Board meeting attendance cash fee:

$3,500 

     
5. Non-qualified stock option grant (common shares): Initial: 1,000 Shares
  Fair market value exercise price (closing sale price) Annual FYE: 1,000 Shares
  Fully vested and immediately exercisable at grant date  
     
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