Page 74 - Proxy Statement - 2020

Securities Authorized for Issuance Under Equity Compensation Plans / Description of the Deferred Compensation Plan

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

70 2020 PROXY STATEMENT