VESOP definition
VESOP means the Valero Employees' Stock Ownership Plan of Valero Energy Corporation, effective as of February 15, 1989.
VESOP means the Valero Employees' Stock Ownership Plan. "VNG" shall mean Valero Natural Gas Company, a Delaware corporation and a wholly-owned Subsidiary of the Company and, with respect to the period prior to June 30, 1996, shall be construed to include VNGC Holding Company, a Delaware corporation and wholly owned subsidiary of the Company. "VRM Common Stock" shall have the meaning set forth in the third paragraph of this Agreement. "VRM Registration Statement" shall have the meaning set forth in Section 5.1(g)(iii). "VRM Rights" shall have the meaning set forth in the third paragraph of this Agreement. "VRM Rights Agreement" shall have the meaning set forth in the third paragraph of this Agreement.
VESOP means the Valero Employees' Stock Ownership Plan.
Examples of VESOP in a sentence
Any Disposals of Prior VESOP Shares pursuant to Section 6.6 are not taken into account when calculating the Cap.
Currently under the VESOP 60.175 virtual shares (Beteiligungspunkte) are issued.
Prior to the Effective Time, the Company will cause the VESOP to prepay the VESOP Notes issued under the Note Purchase Agreement dated as of March 17, 1989 and the VESOP Notes issued under the Note Purchase Agreement dated as of August 15, 1991 in accordance with their terms and will terminate the related guarantee of the Company.
As of the Closing Date, the VESOP will be completely settled and Target will not be subject to any payment or compensation obligations resulting therefrom.