Page 75 - Martin Marietta - 2021 Proxy Statement

EXECUTIVE COMPENSATION / RETIREMENT AND OTHER BENEFITS

Supplemental Excess Retirement Plan (SERP). We also have a non-qualified restoration plan that covers any employee
in the defined benefit pension plan, including the named executive officers, who are highly compensated and whose
qualified plan benefit is reduced by Internal Revenue Code benefit or pay limits in Sections 415(b) and 401(a)(17). The plan
is based on the same formula as the qualified Pension Plan described above. Benefits under our nonqualified plan are paid
from our general assets.

Savings and Investment Plan. The Savings and Investment Plan is a tax-qualified defined contribution retirement savings
plan pursuant to which all employees in the United States, including the named executive officers, are eligible to
contribute up to 25% or the limit prescribed by the Internal Revenue Service on a ROTH individual retirement account on a
before-tax basis and up to an additional 17% of pay on an after-tax basis not to exceed a total of 25% of pay. We match
100% of the first 1% of pay and 50% of the next 5% of pay that is contributed by employees to the Savings and
Investment Plan up to Internal Revenue Service limitations. All contributions as well as any matching contributions are fully
vested upon contribution. Prior to 2015, the Company sponsored two defined contribution savings plans, the Performance
Sharing Plan for salaried employees and the Savings and Investment Plan for hourly employees generally. The two plans
were merged in 2014.

Retiree Medical. Eligible salaried employees who commenced employment with Martin Marietta prior to December 1,
1999 and who retire with at least 5 years of service are currently eligible for retiree medical benefits until age 65 and then
will receive a one-time payment of $1,000 upon reaching age 65 (or upon retirement, if after reaching age 65). Eligible
salaried employees who commenced employment with Martin Marietta between December 1, 1999 and December 31,
2001 and who retire with at least 15 years of service are currently eligible for retiree medical benefits until age 65. Eligible
employees share the cost of retiree medical based on their years of service and a predetermined cap on total payments by
Martin Marietta. Employees who commenced employment with Martin Marietta on or after January 1, 2002 are not
eligible for retiree medical benefits. Mr. Nye, Mr. Nickolas, Mr. LaTorre and Mr. Grant are not eligible for retiree medical
benefits as each commenced employment with Martin Marietta after 2002.

Medical Insurance. Martin Marietta provides an opportunity to all of its salaried employees in the United States and the
employees’ immediate family members to select health, dental and vision insurance coverage. Martin Marietta pays a
portion of the premiums for this insurance for all employees. All employees in the United States, including the named
executive officers, pay a portion of the premiums depending on the coverage they choose.

Life and Disability Insurance. Martin Marietta provides to all of its salaried employees in the United States, including the
named executive officers, long-term disability and life insurance that provides up to 1.5 times base salary at no cost to the
employee. All of our employees in the United States, including the named executive officers, can choose additional
coverage and pay a portion of the premiums depending on the coverage they choose. In addition, Martin Marietta pays an
amount equal to one year of base salary in the event of death of any active salaried employee.

Housing Allowance and Relocation Costs. Martin Marietta provides relocation benefits, including a housing allowance,
to certain employees upon their employment with Martin Marietta or in conjunction with a job relocation or promotion.

Pension Benefits
The table below shows the present value of accumulated benefits payable to each of the named executive officers,
including the number of years of service credited to each such named executive officer, under our Pension Plan and SERP,
determined using interest rate and mortality rate assumptions consistent with those used in Martin Marietta’s financial
statements.

70 2021 PROXY STATEMENT