Document:

Exhibit 10.18

 

FIRST AMENDMENT TO AMENDED AND RESTATED

CHANGE IN CONTROL SEVERANCE AGREEMENT

 

This First Amendment (this “Amendment”) is made
and entered into as of February 26, 2009 (the “Effective Date”), by and
between Marten Transport, Ltd., a Delaware corporation, (the “Company”),
located at 129 Marten Street, Mondovi, Wisconsin 54755 and
                              ,
an individual residing at
                                          
(the “Executive”).

 

RECITALS

 

WHEREAS, the Company and the Executive entered into an
Amended and Restated Change in Control Severance Agreement, dated as of August 13,
2007 (the “Severance Agreement”);

 

WHEREAS, pursuant to the Severance Agreement, the
Company agreed in certain circumstances to pay or reimburse the Executive for
fees and expenses of the Executive’s counsel; and

 

WHEREAS, the parties desire to clarify how they
intended that fees and expenses of the Executive’s counsel, which would be paid
or reimbursed by the Company, be determined.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements contained herein, the Executive’s continued employment
with the Company, the Executive’s participation in the Company’s cash and
equity incentive plans, and benefits to the Executive under the Severance Agreement,
the Severance Agreement is hereby clarified and amended as follows:

 

Amendment.  Section 5 of the Severance Agreement is
hereby amended to add a new subsection (r) at the end thereof:

 

(r)            Attorneys’ Fees. 
The parties acknowledge and agree that if the Company becomes obligated
under this Agreement, whether under Section 4, Section 5(f) or
otherwise, to pay directly or reimburse the Executive for fees and expenses of
the Executive’s counsel, that such obligation shall be to pay or reimburse the
reasonable fees and expenses of the Executive’s counsel and that such fees will
be calculated on an hourly basis by multiplying the Executive’s counsel’s
reasonable hourly rates by the reasonable amount of time expended in the
Executive’s representation.  The
reasonable hourly rates must take into account the experience and skill of the
counsel representing the Executive and comparable rates of other attorneys in
the relevant legal market with commensurate experience and skill.  The Company’s obligation to pay or reimburse
fees and expenses of the Executive’s counsel specifically excludes any
contingent fee arrangements.

 

No Other Amendment and
Definitions.  Except as
set forth herein, the Severance Agreement shall remain in full force and effect
in accordance with its terms.  All
capitalized terms that are not defined herein shall be as defined in the
Severance Agreement.

 

Counterparts.  This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original and all of which together
shall be considered one and the same agreement. 
Facsimile execution and delivery of this Amendment shall be legal, valid
and binding execution and delivery for all purposes.

 

IN WITNESS WHEREOF, the parties hereto have executed
this Amendment as of the date first above written.

 

	
  Marten
  Transport, Ltd.

  	
   

  	
  Executive

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Print Name: Randolph L.
  Marten

  	
   

  	
  Print Name:

  	
   

  
	
  Title: Chief
  Executive OfficerExhibit 10.19

 

MARTEN TRANSPORT, LTD.

 

2009 NON-DRIVER EMPLOYEE BONUS PLAN

 

I.                                         GENERAL

 

A.                                   Plan Purpose.  In an
effort to maintain a position of leadership in the highly competitive business
segments in which Marten Transport, Ltd. (the “Company”) competes, it is
necessary to promote the financial interests of the Company and its
Subsidiaries, including its growth, by attracting and retaining highly
qualified non-driver employees possessing outstanding ability, motivating such
employees by means of performance related incentives, and providing incentive
compensation opportunities which are competitive with those of similar
corporations.  The Marten Transport, Ltd.
2009 Non-driver Employee Bonus Plan  (the “Plan”)
is designed to assist the Company in attaining these objectives.

 

B.                                     Cash Bonus Plan.  The
Plan is a cash bonus plan and is not intended to be (and shall not be construed
and administered as) a deferred compensation plan or an employee benefit plan
within the meaning of ERISA.  Bonus
Awards under this Plan are intended to be discretionary and shall not
constitute a part of an employee’s regular rate of pay for any purpose.

 

C.                                     Effective Date; Term. 
The provisions of the Plan are effective as of January 1, 2009 and
shall continue until the Committee shall, in their sole and absolute
discretion, determine whether Bonus Awards will be granted for the Award Year,
subject to earlier termination by the Company.

 

D.                                    Definitions.  Unless
the context requires otherwise, the following terms when used with initial
capitalization have the following meanings:

 

Award Year —
Calendar year 2009.

 

Base Salary
— The annual base compensation paid to a Participant for the Award Year and
base pay not paid during the Award Year as a result of an earnings reduction
election under any deferred compensation plan or any other arrangement.

 

Board —
The Board of Directors of the Company.

 

Bonus Award
— The cash bonus payable to a Participant as determined under Section III,
subject to the terms of the Plan.

 

Code —
The Internal Revenue Code of 1986, as from time to time amended including any
related regulations.

 

Committee
— The Compensation Committee of the Board.

 

Company — Marten
Transport, Ltd.

 

Designated
Subsidiary —  A subsidiary
of the Company that has been designated by the Committee from time to time, in
its sole and absolute discretion, as eligible to participate in the Plan.

 

Director —
Each director level employee of the Company or a Designated Subsidiary.

 

 

Eligible
Employee — Each non-driver employee of the Company or
a Designated Subsidiary who is employed by the Company or a Designated
Subsidiary on the date of the Bonus Award grant.

 

Employer —
The Company and any Designated Subsidiary.

 

ERISA —  The Employee Retirement Income Security Act of 1974, as
from time to time amended, including any related regulations.

 

Executive
Officer — Each executive officer of the Company who
has been elected as an executive officer, within the meaning of the rules of
the Securities and Exchange Commission, by the Board.

 

Non-Driver
Employee — Each non-driver employee of the Company or
a Designated Subsidiary who is not an Executive Officer or a Director.

 

Participant
— Each Eligible Employee who is designated as a Participant for the Award Year
by the Committee.

 

Plan —
The Marten Transport, Ltd. 2009 Non-driver Employee Bonus Plan, as evidenced by
this written instrument as may be amended from time to time.

 

Senior
Management —The executive officer group led by the
President, with the concurrence of the Chief Executive Officer.

 

Subsidiary —
Any entity, corporate or otherwise, in which the Company, directly or
indirectly, owns or controls a greater than 50% interest.

 

II.                                     PARTICIPATION

 

A.                                   Participants. 
Participants will be determined annually by the Committee from among the
Company’s Eligible Employees. 
Designation as a Participant will apply only for the Award Year.

 

B.                                     Termination of Employment. 
In order to be entitled to receive a payment for a Bonus Award for the
Award Year, a Participant must be employed by the Company or a Designated
Subsidiary on the date of the Bonus Award grant.

 

III.                                 COMPUTATION
AND PAYMENT OF BONUS AWARDS

 

A.                                   Formula Bonus.

 

1.                                       Executive Officers. Each Executive Officer will be eligible
to earn a Bonus Award for the Award Year in an amount up to a maximum of 75% of
his or her Base Salary, as recommended by the Chief Executive Officer of the
Company (or person performing such function) and approved by the Compensation
Committee.

 

2.                                       Directors. Each Director will be eligible to earn a Bonus
Award for the Award Year in an amount up to a maximum of 22.5% of his or her
Base Salary, as determined by Senior Management of the Company.

 

3.                                       Non-driver Employees. Each Non-driver Employee will be
eligible to earn a Bonus Award for the Award Year in an amount up to a maximum
of 7.5% of his or her Base Salary, as determined by Senior Management of the
Company.

 

B.                                     Committee’s Discretion.  The
Committee shall, in its sole and absolute discretion, determine 

 

 

each Executive Officer’s
Bonus Award for the Award Year, and Senior Management shall determine each
Director’s and Non-driver Employee’s Bonus Award for the Award Year, subject to
any changes or determinations by the Committee before Senior Management
properly grants such Director’s or Non-driver Employee’s Bonus Award, which
determination shall be based on, among other things, an evaluation of such
Participant’s individual performance and the Company’s business results for the
Award Year.

 

C.                                     Cash Payment.  Subject
to a Participant’s right (if any) to elect to defer receipt of all or a portion
of such Participant’s Bonus Award under the terms of a plan authorizing such
deferral, payment of a Bonus Award will be made in cash as soon as practicable
following the end of the Award Year, without interest, but in any event by the March 15
following the end of the Award Year.

 

D.                                    Withholding Taxes.  Notwithstanding
any of the foregoing provisions, the Employer shall withhold from any payment
to be made hereunder such amounts as it reasonably determines it may be
required to withhold under any applicable federal, state or other law, and
transmit such withheld amounts to the appropriate authorities.

 

E.                                      Payment in Event of Incapacity.  If any individual entitled to receive any
payment under the Plan is, in the judgment of the Committee, physically,
mentally or legally incapable of receiving or acknowledging receipt of the
payment, and no legal representative has been appointed for the individual, the
Committee may (but is not required to) cause the payment to be made to any one
or more of the following as may be chosen by the Committee; the institution
maintaining the individual; a custodian for the individual under the Uniform
Transfers to Minors Act of any state; or the individual’s spouse, child,
parent, or other relative by blood or marriage. 
The Committee is not required to see to the proper application of any
such payment, and the payment completely discharges all claims under the Plan
against the Company, and the Plan to the extent of the payment.

 

F.                                      Payment in the Event of Death.  Payment of a Bonus Award to a deceased
Participant will be made to the Participant’s heirs determined pursuant to the
applicable laws of inheritance or descent.

 

IV.                                 PLAN
ADMINISTRATION

 

A.                                   Plan Administration. 
The Committee or its delegate has the authority and responsibility to
manage and control the general administration of the Plan.  This Plan is not intended to modify or limit
the powers, duties or responsibilities of the Committee as set forth under the
Charter for the Committee as adopted by the Board from time to time.  Determinations, decisions and actions of the
Committee, in connection with the construction, interpretation, administration,
or application of the Plan will be final, conclusive, and binding upon any
Participant and any person claiming under or through the Participant.  No employee of an Employer, any member of the
Board, any delegate of the Board, or any member of the Committee will be liable
for any determination, decision, or action made in good faith with respect to
the Plan or any Bonus Award made under the Plan.

 

B.                                     Compensation Committee. 
The Compensation Committee has the sole authority and responsibility to
establish the amount of any Bonus Award payable to any Participant, except as
noted above by Senior Management.

 

V.                                     AMENDMENT
OR TERMINATION

 

The Plan may at any time be amended, modified, or
terminated, as the Committee in its sole and absolute discretion determines.
Such amendment, modification, or termination of the Plan will not require the
consent, ratification, or approval of any party, including any Participant.

 

 

VI.                                 MISCELLANEOUS

 

A.                                   Non-Assignability.  A
Participant’s rights and interests in and to payment of any Bonus Award under
the Plan may not be assigned, transferred, encumbered or pledged other than by
will or the laws of descent and distribution; and are not subject to
attachment, garnishment, execution or other creditor’s processes.

 

B.                                     No Contract of Employment. 
Neither the Plan, nor any Bonus Award, constitutes a contract of
employment, and participation in the Plan will not give any employee the right
to be retained in the service of the Company or any Subsidiary or continue in
any position or at any level of compensation.

 

C.                                     Controlling Law.  This
Plan and all determinations made and actions taken pursuant hereto to the
extent not preempted by federal laws, will be governed and construed by the
internal laws of the State of Wisconsin, except its laws with respect to choice
of law.

 

D.                                    Unfunded, Unsecured Obligation.  A Participant’s only interest under the Plan
shall be the right to receive a cash payment for a Bonus Award pursuant to the
terms of the Bonus Award and the Plan. 
No portion of the amount payable to a Participant under this Plan shall
be held by the Company or any Subsidiary in trust or escrow or any other form
of asset segregation.  To the extent that
a Participant acquires a right to receive a cash payment under the Plan, such
right shall be no greater than the right of any unsecured, general creditor of
the Company, and no trust in favor of any Participant will be implied.

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