VEC Pension Plan definition

VEC Pension Plan means the Valero Energy Corporation Pension Plan, as amended from time to time, and any successor plan.
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Examples of VEC Pension Plan in a sentence

  • VEC shall amend the VEC Pension Plan further to provide that vesting service under the VEC Pension Plan shall include all service with GP following July 1, 2006 or the Cut-Over Date, as applicable, prior to the date that the Eligible GP Employee commences his/her benefits under the VEC Pension Plan.

  • Additionally, Final Average Salary (as defined in the GP Pension Plan) includes eligible compensation earned by Eligible GP Employees while covered under the VEC Pension Plan, as well as eligible compensation earned with GP after July 1, 2006.

  • VEC shall amend the VEC Pension Plan further to provide that vesting service under the VEC Pension Plan shall include all service with GP following the effective date of this Agreement prior to the date that the Eligible GP Employee commences his/her benefits under the VEC Pension Plan.

  • Additionally, Final Average Salary (as defined in the GP Pension Plan) includes eligible compensation earned by Eligible GP Employees while covered under the VEC Pension Plan, as well as eligible compensation earned with GP after July 1, 2006 or the Cut-Over Date, as applicable.

  • Effective as of July 1, 2006, GP shall cease to be a participating employer under the VEC Pension Plan and all Eligible GP Employees shall no longer be eligible to accrue additional credited service for purposes of accruing additional benefits under the VEC Pension Plan.

  • Effective as of July 1, 2006, GP shall cease to be a participating employer under the VEC Pension Plan and all Eligible GP Employees, effective July 1, 2006 or the Cut-Over Date, as applicable, shall no longer be eligible to accrue additional credited service for purposes of accruing additional benefits under the VEC Pension Plan.