MARKEL CORPORATION PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENTPerformance-Based Restricted Stock Unit Award Agreement • August 2nd, 2016 • Markel Corp • Fire, marine & casualty insurance • Virginia
MARKEL CORPORATION (the "Company") grants you (the "Participant") the opportunity to receive restricted stock units ("Units"). The number of Units will be based on performance conditions as specified below. Until the Vesting Date, except as specifically provided below, the Units are forfeitable and nontransferable. The Compensation Committee of the Company's Board of Directors (the "Committee") will administer this Agreement and any decision of the Committee will be final and conclusive. Capitalized terms not defined herein have the meanings provided in the Markel Corporation 2016 Equity Incentive Compensation Plan (the "Plan").
MARKEL CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • August 2nd, 2016 • Markel Corp • Fire, marine & casualty insurance
MARKEL CORPORATION (the "Company") grants you (the "Participant") ___ restricted stock units ("Units"). Until the applicable Vesting Date, except as specifically provided below, the Units are forfeitable and nontransferable. The Compensation Committee of the Company's Board of Directors (the "Committee") will administer this Agreement and any decision of the Committee will be final and conclusive. Capitalized terms not defined herein have the meanings provided in the Markel Corporation 2016 Equity Incentive Compensation Plan (the "Plan").
MARKEL CORPORATION RESTRICTED STOCK AWARD AGREEMENT FOR OUTSIDE DIRECTORSRestricted Stock Award Agreement • August 2nd, 2016 • Markel Corp • Fire, marine & casualty insurance • Virginia
MARKEL CORPORATION (the "Company") hereby grants you (the "Director") ____shares of Restricted Stock (the "Shares") under the Markel Corporation 2016 Equity Incentive Compensation Plan (the "Plan"). Shares that have not yet vested under Section 1 below, or as otherwise specifically provided herein, are forfeitable and nontransferable. The Company's Outside Directors will administer this Award Agreement, and any decision of the Outside Directors will be final and conclusive. Capitalized terms not defined herein have the meanings provided in the Plan.
