V.S.O.P.

Hancock, Shorter, Carter, and Williams had all been members of Miles Davis' "Second Great Quintet" during the 1960s. The name V.S.O.P. is taken from a grade of Cognac brandy, where it signifies aged (and implicitly high quality) stock.
The group first came together at the 1976 Newport Jazz Festival to headline a Herbie Hancock retrospective concert, which featured the reunited Miles Davis Quintet (sans Davis, who had temporarily retired from music a year prior) alongside Hancock's contemporary fusion groups Mwandishi and the Headhunters. V.S.O.P. subsequently became a semi-regular touring band through the late 1970s, recording several live albums, but also released a studio album, Five Stars, in 1979. Allmusic's Richard Ginell suggested that the band's back-to-basics artistry helped lay the foundation for the 1980s post-bop and straight-ahead jazz revival.