Page 97 - Martin Marietta - 2024 Proxy Statement
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DESCRIPTION OF THE DEFERRED COMPENSATION PLAN / SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
Description of the Deferred Compensation Plan
The TXI DC Plan became effective as of July 11, 2012 and terminated on July 11, 2022. Key management legacy
employees of TXI, its subsidiaries and its affiliates were eligible to participate in the TXI DC Plan. Under the terms of the TXI
DC Plan, participants may elect each year to defer all or a portion of their eligible compensation received during that year.
However, no further awards were granted under the TXI DC Plan, as indicated by management in connection with the
approval by shareholders of the Stock-Based Award Plan on May 19, 2017.
If Martin Marietta is dissolved or liquidated, or if substantially all of its assets are sold (or there is a merger or consolidation)
and the acquiring or surviving entity does not substitute equivalent awards for the awards then outstanding, each award
granted under the TXI DC Plan will become fully vested and all restrictions on it will lapse.
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