Definition of Transaction. For the purpose of this Agreement, a "Transaction" shall mean and include any one of more of the following events; provided that, prior thereto, such event has been recommended or approved by a majority of the Board of Directors of the Corporation or of a duly authorized committee thereof:
Appears in 3 contracts
Sources: Incentive Bonus Agreement (Valero Energy Corp), Incentive Bonus Agreement (Valero Energy Corp), Incentive Bonus Agreement (Valero Energy Corp)