Attached files
| file | filename |
|---|---|
| 10-K - 10-K - MARTEN TRANSPORT LTD | a09-35911_110k.htm |
| EX-31.1 - EX-31.1 - MARTEN TRANSPORT LTD | a09-35911_1ex31d1.htm |
| EX-31.2 - EX-31.2 - MARTEN TRANSPORT LTD | a09-35911_1ex31d2.htm |
| EX-32.1 - EX-32.1 - MARTEN TRANSPORT LTD | a09-35911_1ex32d1.htm |
| EX-23.1 - EX-23.1 - MARTEN TRANSPORT LTD | a09-35911_1ex23d1.htm |
Exhibit 10.15
Marten Transport, Ltd.
2010 Non-Employee Director Compensation Summary
The Board of Directors of Marten Transport, Ltd. approved the following fee schedule for non-employee directors for fiscal year 2010:
|
Annual Board retainer |
|
$ |
20,000 |
|
|
Lead Director |
|
5,000 |
|
|
|
Audit Committee chair |
|
15,000 |
|
|
|
Compensation Committee chair |
|
7,500 |
|
|
|
Nominating/Corporate Governance Committee chair |
|
2,500 |
|
|
The company generally pays non-employee directors a fee of $1,000 for each Board meeting attended, $500 for each committee meeting attended, and reimburses them for out-of-pocket expenses of attending meetings.
Pursuant to the non-employee director option program adopted on March 1, 2006, which is similar to the program that was suspended in 2004, each non-employee director will also receive an automatic grant of an option to purchase 2,500 shares of common stock annually upon re-election to the Board by the stockholders. These options will be issued at a per share exercise price equal to the fair market value of one share of common stock on the grant date and expire ten years from the grant date.