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

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation plan for non-employee directors of The Marcus Corporation. Directors receive an annual cash retainer, stock grants, stock options, and meeting attendance fees. Restricted stock vests upon retirement or after specified service periods. Committee chairs and members receive additional fees for meeting attendance. Directors are also reimbursed for out-of-pocket expenses. The plan specifies the amounts and conditions for each type of compensation, effective from 2010.

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EX-10.1 2 dex101.htm NON-EMPLOYEE DIRECTOR COMPENSATION PLAN Non-Employee Director Compensation Plan

Exhibit 10.1

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 meeting restricted stock grant (common shares):    1000 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 (effective April 2010):    $3,000
5.    Non-qualified stock option grant (common shares):    Initial: 1,000 Shares
   Fair market value exercise price (closing sale price)   
   Fully vested and immediately exercisable at grant date    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