Thrift and Other Plans. The Executive's participation in the Corporation's Thrift Plan, Employee Stock Ownership Plans, retirement plan for employees generally ("Pension Plan") or other applicable plans of the Corporation (or, if applicable, such similar plans as the Divested Entity may establish) shall not continue after the Termination Date. Any terminating distributions and/or vested rights under such plans shall be governed by the terms of the respective plans.
Appears in 4 contracts
Samples: Management Stability Agreement (Valero Energy Corp), Management Stability Agreement (Valero Energy Corp), Management Stability Agreement (Valero Energy Corp)
Thrift and Other Plans. The Executive's participation in the Corporation's Thrift Plan, Employee Stock Ownership Plans, retirement plan for employees generally ("Pension Plan"), Supplemental Executive Retirement Plan ("SERP") or other applicable plans of the Corporation (or, if applicable, such similar plans as the Divested Entity may establish) shall not continue after the Termination Date. Any terminating distributions and/or vested rights under such plans shall be governed by the terms of the respective plans.
Appears in 1 contract
Samples: Management Stability Agreement (Valero Energy Corp/Tx)