Form of Restricted Stock Award Agreement for Directors MARKEL CORPORATION RESTRICTED STOCK AWARD AGREEMENT DIRECTOR AWARDRestricted Stock Award Agreement • November 4th, 2008 • 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 Omnibus Incentive 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 Board of Directors (the “Board”) will administer this Award Agreement, and any decision of the Board will be final and conclusive. Capitalized terms not defined herein have the meanings provided in the Plan.
