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Exhibit 10.08
2008 DISTRIBUTION ELECTION FORM
VALERO ENERGY CORPORATION
DEFERRED COMPENSATION PLAN
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Payment
Election
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DEFAULT PAYMENT
IF NO ELECTION IS MADE:
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Upon
Retirement
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Fifteen annual
installments commencing at date of retirement
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I elect that
upon retirement, value of my Plan account related to deferrals made
for the 2008 Plan Year will be paid at the time and in the
manner elected below:
Payment
Commencement (choose one):
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As soon as administratively possible following retirement
(default if no election is made) |
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January 1 after the year of retirement |
AND
Form of
Distribution (choose one):
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Lump sum payment |
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Five annual installments |
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Ten annual installments |
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Fifteen annual installments (default payment if no election is
made) |
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Payment
Election
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DEFAULT PAYMENT
IF NO ELECTION IS MADE:
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Upon Other
Separation
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Immediate lump sum
payable upon separation
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I elect that
upon my separation from employment for a reason other than
retirement, the value of my Plan account related to deferrals made
for the 2008 Plan Year will be paid at the time and in the
manner elected below:
Payment
Commencement (choose one):
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As soon as administratively possib |
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