Account Values Clause Samples

Account Values. The Plan Administrator shall arrange to have the Accounts of Participants adjusted as of the end of each Valuation Date. The Accounts of Participants shall be maintained on the basis of dollar values, or units or shares that may be converted to dollar values. Pursuant to such accounting procedures as shall be adopted by the Plan Administrator on a uniform and nondiscriminatory basis, Participants’ Accounts will be adjusted on each Valuation Date to reflect the adjusted net worth (as defined below) of the Investment Funds in which such Accounts have an interest and to reflect any earnings, losses, distributions, withdrawals, contributions and other receipts or disbursements, including any Forfeitures, (determined on a cash basis) since the previous Valuation Date. The “adjusted net worth” of an Investment Fund shall mean the then-net worth of that Investment Fund as determined by the Trustee or Investment Manager, as the case may be, in accordance with the provisions of the Trust Agreement.

Account Values. The value of an Account for all purposes of this Plan -------------- shall be its value as of the prior Valuation Date, adjusted on a pro rata basis on the value of the Account for gains or losses of the Trust Fund, for the period between the prior Valuation Date and the business day immediately preceding the date in question. Earmarked investments credited or debited to an Account under Section 6.3 shall be valued at their fair market value, which shall be the outstanding balance of principal and interest of each loan and the cash surrender value of any policies of insurance owned in such Account on the business day immediately preceding the date in question.

Account Values