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FIRST AMENDMENT TO AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT

Change of Control Agreement

FIRST AMENDMENT TO AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT | Document Parties: MARTEN TRANSPORT LTD You are currently viewing:
This Change of Control Agreement involves

MARTEN TRANSPORT LTD

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Title: FIRST AMENDMENT TO AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT
Date: 3/13/2009
Industry: Trucking     Sector: Transportation

FIRST AMENDMENT TO AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT, Parties: marten transport ltd
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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&r


 
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