The Marcus Corporation Non-Employee DirectorCompensation Plan Effective January 12, 2010
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 | ||
