0001096343-19-000124 Sample Contracts

AWARD AGREEMENT
Restricted Stock Unit Award Agreement • April 30th, 2019 • Markel Corp • Fire, marine & casualty insurance • Virginia

MARKEL CORPORATION (the "Company") grants you (the “Participant”) __ restricted stock units ("Units"). Until the Vesting Date stated above, 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”).

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MARKEL CORPORATION PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • April 30th, 2019 • 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 stated above, 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”).

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