Description of Special Bonus Award for Richard R. Whitt, III by Markel Corporation
Markel Corporation's Compensation Committee awarded Richard R. Whitt, III a $100,000 discretionary bonus on May 11, 2009. This bonus was given outside the company's regular Executive Bonus Plan to recognize Mr. Whitt's contributions to the 'One Markel' operational and IT systems initiative. The agreement outlines the bonus amount, the recipient, and the reason for the award.
Exhibit 10.1
Description of Special Bonus for Richard R. Whitt, III
On May 11, 2009, the Compensation Committee of the Board of Directors of Markel Corporation awarded a $100,000 discretionary bonus payment to Richard R. Whitt, III outside of the Markel Corporation Executive Bonus Plan in recognition of Mr. Whitt’s contributions in connection with the corporation’s “One Markel” operational and information technology systems initiative.
