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

Contract Categories: Human Resources - Compensation Agreements
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