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0001104659-05-003893 Sample Contracts

Standard Contracts

Form of Performance Award Agreement for Other NEOs
Performance Award Agreement • February 3rd, 2005 • Valero Energy Corp/Tx • Petroleum refining

This Performance Award Agreement (the “Agreement”), dated effective February 2, 2005, is by and between Valero Energy Corporation, a Delaware corporation (“Valero”), and , a participant (the “Participant”) in Valero’s 2001 Executive Stock Incentive Plan, a plan approved by the Board of Directors of Valero (the “Board”) on March 15, 2001, and approved by Valero’s stockholders on May 10, 2001 (as may be amended, the “Plan”), pursuant to and subject to the provisions of the Plan.

Form of Performance Award Agreement for CEO
Performance Award Agreement • February 3rd, 2005 • Valero Energy Corp/Tx • Petroleum refining

This Performance Award Agreement (the “Agreement”), dated effective February 3, 2005, is by and between Valero Energy Corporation, a Delaware corporation (“Valero”), and William E. Greehey, a participant (the “Participant”) in Valero’s 2001 Executive Stock Incentive Plan, a plan approved by the Board of Directors of Valero (the “Board”) on March 15, 2001, and approved by Valero’s stockholders on May 10, 2001 (as may be amended, the “Plan”), pursuant to and subject to the provisions of the Plan.