Participant

Participant. Shall mean the recipient of an Award granted under this Program.

Participant. Any employee or Outside Director of Markel or a Subsidiary who receives an Incentive Award under the Plan

Participant. Any Employee designated by the Corporation or its delegate, in its sole discretion, to participate in the Special Initiative, who meets the eligibility criteria set forth in Section 2 of the Plan, and/or has an Account attributable to a Special Initiative Deferral Election. Notwithstanding the foregoing, an Employee who is designated to participate in the Special Initiative shall cease to be a Participant if such Employee does not make a Special Initiative Deferral Election by the date required... by Treasury Regulations Section 1.409A-2(a)(11). For the avoidance of doubt, an Employee's eligibility to participate in the main body of the Plan document shall be unrelated to his or her eligibility to participate in this Appendix A. View More

Participant. A member of the Board who is not an employee of the Company or any of its affiliates

Participant. Shall mean any Eligible Employee who has elected to participate in the Plan for an Election Period by authorizing payroll deductions or by making alternative contributions and following all applicable procedures established by the Committee during the Enrollment Period for such Election Period.

Participant. Any Eligible Employee designated by the Committee to participate in the Plan

Participant. The term "Participant" shall mean an eligible employee who elects to participate in the Plan pursuant to Paragraph 9. Notwithstanding the prior sentence, the following individuals shall not be eligible to participate in the Plan: (a) any individual whose services are performed for the Employer pursuant to a contract between the Employer and another entity, and whom the Employer treats as a leased employee; (b) any individual that the Employer treats as an independent contractor; (c) temporary... employees; (d) members of the Boards of Directors of the Corporation and of the Employers, unless otherwise eligible as described above; and (e) International employees. Unless otherwise determined by the Board of Directors of the Corporation or the Committee, the fair market value of a share of common stock on a particular date shall be deemed to be the closing price of a share of common stock as recorded by the NASDAQ Stock Market on such date or, if no closing price has been recorded on such date, on the next day in which a closing price is recorded. Each eligible employee who elects to participate will receive an Option to purchase on the Purchase Date the number of full and/or fractional shares of common stock at the Purchase Price. A Participant shall elect a percentage to be deducted regularly from his or her Eligible Compensation on an after-tax basis provided that the Participant must elect an initial payroll deduction of no less than one percent (1%) and no more than twenty-five percent (25%) of his or her Eligible Compensation, not to exceed $7,500 per Offering Period. Only whole percentages may be elected. A Participant may elect to change his or her payroll deduction percentage on a biweekly basis, as limited by Paragraph 12. Unless a Participant changes his or her payroll deduction percentage or ceases participation in the Plan in accordance with Paragraphs 12 and 13, a Participant's payroll deductions, as limited by Paragraph 10, and his or her initial enrollment elections will continue until the end of the Offering Period. A Participant must complete the enrollment procedures established by the Committee each Offering Period. No other types of deposits may be made. View More

Participant. Means a person who is selected by the Board to receive Awards under the Plan and who is (i) an employee of the Company or any one or more of its Affiliates, (ii) a member of the Board, or (iii) an individual who performs bona fide services to the Company or any one or more of its Affiliates.

Participant. An Eligible Service Provider who has been granted an Award under this Plan, which Award has not terminated pursuant to any provision of the Plan.

Participant. An officer, key employee or consultant of the Company who is in a position to make contributions to the growth and financial success of the Company and who has been granted an Award under the Plan.