The Marcus Corporation Non-Employee Director Compensation Plan (Effective January 12, 2010)

Summary

This agreement outlines the compensation plan for non-employee directors of The Marcus Corporation. Directors receive an annual cash retainer, stock grants, and stock options, along with fees for attending board and committee meetings. Stock grants have specific vesting schedules based on years of service or retirement. Committee chairpersons and members receive additional fees, and all directors are reimbursed for out-of-pocket expenses. The plan is effective as of January 12, 2010, and details the amounts and conditions for each type of compensation.

EX-10.3 2 dex103.htm NON-EMPLOYEE DIRECTOR COMPENSATION PLAN Non-Employee Director Compensation Plan

Exhibit 10.3

The Marcus Corporation

Non-Employee Director Compensation Plan

Effective January 12, 2010


1.	Annual cash retainer (effective October 2010):	$12,500

2.	Yearly annual meeting stock grant retainer (common shares)	509 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	1000 Shares

4.	Board meeting attendance cash fee (effective April 2010):	$3,000

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: 500 Shares

6.	Committee chairperson meeting attendance cash fee:	Audit: $1,500 Other: $1,000

7.	Committee member meeting attendance cash fee:	Audit: $1,000 Other: $750

8.	Reimbursement of out-of-pocket expenses:	Yes