CREDITING OR DEBITING METHOD Sample Clauses
The 'Crediting or Debiting Method' clause defines how financial adjustments, such as credits or debits, are to be applied between parties under the agreement. Typically, this clause outlines the procedures for offsetting amounts owed, specifying whether credits can be used to reduce future payments or if debits must be settled immediately. By establishing clear rules for handling these financial transactions, the clause ensures transparency and prevents disputes over how and when adjustments are made to account balances.
CREDITING OR DEBITING METHOD. The Participant's Account will be credited or debited, as the case may be, with the increase or decrease in the performance of each Notional Investment selected by the Participant, as though the portion of the Participant's Account Balance then was actually invested in the Notional Investments selected by the Participant, in the percentages (if more than one Notional Investment is available under this Plan) then applicable to each portion of the Participant's Account. The value of each Notional Investment shall be calculated under the Plan as of the close of business on the business day when the published or calculated value of such Notional Investment becomes effective generally, but not more frequently than once per business day. The Committee from time to time may specify such times, frequencies, methods, rules and procedures for calculating the value of any particular Notional Investment (for example, specifying that interest on money market funds shall be calculated and credited on a monthly basis).
CREDITING OR DEBITING METHOD. The performance of the elected Measurement Fund(s) (either positive or negative) will be determined by the Committee, in its sole discretion, based on the performance of the Measurement Fund(s) itself (taken into account the reinvestment of dividends, capital gains and interest income distributions therefrom). A Participant’s Deferred Compensation Account Balance shall be debited or credited on a daily basis, based on the performance of the applicable Measurement Fund(s) (at the closing price on such day) selected by the Participant, as determined by the Committee in its sole discretion, as though (i) the Participant’s Deferred Compensation Account Balance was invested in the Measurement Fund(s) in the manner selected by the Participant as of the close of business on each day on which the New York Stock Exchange is open for business (at the closing price on such day); (ii) any Deferrals credited to the Participant’s Deferred Compensation Account on that day were invested in the Measurement Fund(s) (at the closing price on such day) selected by the Participant as of the close of that day; and (iii) any distribution made to a Participant that decreases such Participant’s Deferred Compensation Account Balance ceased to be invested in the applicable Measurement Fund(s) (at the closing price on such date) as of the day on which such distribution occurred.