Common use of Allocation of Net Income or Net Loss Clause in Contracts

Allocation of Net Income or Net Loss. (a) As of each Valuation Date, the Trustee or its designee shall subtract all distributions and withdrawals since the previous Valuation Date, add to each Account the amount of the contributions, and allocate the net earnings and gains or losses of the fund based on the individual account activity of each such Participant’s Account during such period pursuant to a share accounting method under which each Participant’s investments in the investment funds shall be accounted for in actual shares purchased by the Plan contributions and allocated to the Participant’s Account. For this purpose, the Trustee or its designee, shall adopt uniform rules which conform to applicable law and generally accepted accounting practices. However, notwithstanding the above, a Participant shall cease to share in any earnings after Plan assets attributable to his Account are transferred into a disbursement account pending sale or liquidation of the Participant’s relevant investment funds and distribution of the proceeds thereof.

Allocation of Net Income or Net Loss. (a) As of each Valuation Date, the Trustee or its designee shall subtract all distributions and withdrawals since the previous Valuation Date, add to each Account the amount of the contributions, and allocate the net earnings and gains or losses of the fund based on the individual account activity of each such Participant’s 's Account during such period pursuant to a share accounting method under which each Participant’s 's investments in the investment funds shall be accounted for in actual shares purchased by the Plan contributions and allocated to the Participant’s 's Account. For this purpose, the Trustee or its designee, shall adopt uniform rules which conform to applicable law and generally accepted accounting practices. However, notwithstanding the above, a Participant shall cease to share in any earnings after Plan assets attributable to his Account are transferred into a disbursement account pending sale or liquidation of the Participant’s 's relevant investment funds and distribution of the proceeds thereof.