CREDIT AGREEMENT among MARKEL CORPORATION, as Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO, SUNTRUST BANK, as Administrative Agent and Swingline Lender, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Syndication Agent, and BARCLAYS BANK PLC,...Credit Agreement • August 6th, 2010 • Markel Corp • Fire, marine & casualty insurance • Virginia
Initially, the Applicable Margin Percentages shall be determined by reference to Level I in the matrix above. On the second (2nd) Business Day after the date each Compliance Certificate is delivered pursuant to Section 5.3, the Applicable Margin Percentage for all Loans payable pursuant to Section 2.8(a) and the commitment fee payable pursuant to Section 2.9(b) shall be adjusted effective as of such date in accordance with the above matrix and the Leverage Ratio as calculated in such Compliance Certificate. If the required Compliance Certificate is not delivered on or prior to any date such delivery is required pursuant to Section 5.3, then during the period from the first Business Day after such date to the date such Compliance Certificate is delivered, the Applicable Margin Percentage shall be determined by reference to Level I in the matrix above.
Form of Amended and Restated Restricted Stock Unit Award Agreement for Executive Officers MARKEL CORPORATION AMENDED AND RESTATED RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • August 6th, 2010 • Markel Corp • Fire, marine & casualty insurance • Virginia
MARKEL CORPORATION (the “Company”) grants you (the “Participant”) ____ restricted stock units (“Units”). The Units are forfeitable and nontransferable until they are vested, and shares of Company Stock will be issued in respect of the Units only as and when specified by this Agreement. 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 Omnibus Incentive Plan (the “Plan”).
