Target Group. The applicable Target Group shall be selected by the Compensation Committee of the Board of Directors of Valero, acting in its sole discretion, at or near the time of each Normal Vesting Date. The same Target Group shall be utilized to determine the number of Performance Shares vesting under all Performance Award Agreements of Valero having a similar Normal Vesting Date, but the decision of the Compensation Committee as to the composition of such Target Group shall be final.
Appears in 3 contracts
Sources: Performance Award Agreement (Valero L P), Performance Award Agreement (Valero Energy Corp/Tx), Performance Award Agreement (Valero Energy Corp/Tx)