2009 DISTRIBUTION ELECTION FORM VALERO ENERGY CORPORATION DEFERRED COMPENSATION PLAN

Executive Compensation Plan Agreement

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VALERO ENERGY CORP/TX | VALERO ENERGY CORPORATION

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Title: 2009 DISTRIBUTION ELECTION FORM VALERO ENERGY CORPORATION DEFERRED COMPENSATION PLAN
Date: 2/27/2009
Industry: Oil and Gas Operations Sector: Energy

Exhibit 10.07

2009 DISTRIBUTION ELECTION FORM
VALERO ENERGY CORPORATION
DEFERRED COMPENSATION PLAN


Payment Election		DEFAULT PAYMENT IF NO ELECTION IS MADE:
Upon Retirement		Fifteen annual installments commencing at date of retirement

I elect that, upon retirement, the value of my Plan account related to deferrals made for the 2009 Plan Year will be paid at the time and in the manner elected below:

Payment Commencement (choose one):


		o		As soon as administratively possible following retirement (this is the default if no election is made)

		o		January 1 after the year of retirement

AND

Form of Distribution (choose one):


		o		Lump sum payment

		o		Five annual installments

		o		Ten annual installments

		o		Fifteen annual installments (this is the default payment if no election is made)


Payment Election		DEFAULT PAYMENT IF NO ELECTION IS MADE:
Upon Other Separation		Immediate lump sum payable upon separation

I elect t

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