The EEG electrode and EEG electrode locator assembly may be used in combination with an EEG electrode locator headgear including a plurality of locator straps connectable to one or more of the EEG electrode locators that form an electrode locator assembly with the EEG electrodes relative to the user's scalp, and for biasing the plurality of electrodes toward the user's scalp. The EEG electrode is adapted to be received in and cooperate with an EEG electrode locator ring, to form the electrode locator assembly. The EEG electrode includes a dispenser assembly adapted to dispense an electrically conductive gel onto the user's scalp to prepare the user's scalp. The dispenser assembly includes a base member and a porous foam pad lower cover to provide padding for a comfortable scalp interface, absorbs the conductive gel to maintain a consistent volume of gel between the electrode base and scalp, and for conducting EEG signals from the scalp of the user to a corresponding electrode locator ring for communication to an EEG monitor.