Common use of Determination of Income or Loss Clause in Contracts

Determination of Income or Loss. Excess Elective Deferrals shall be adjusted for income or loss for the taxable year. Unless indicated otherwise by the Committee, the income or loss allocable to Excess Elective Deferrals is the income or loss allocable to the Participant's Elective Deferral Account for the taxable year multiplied by a fraction, the numerator of which is such Participant's Excess Elective Deferrals for the year and the denominator is the Participant's account balance attributable to Elective Deferrals without regard to any income or loss occurring during such taxable year. If the Committee selects another method in order to compute the income or loss, the method selected must not violate the requirements of Code section 401(a)(4) and must be used consistently for all Plan participants and for all corrective distributions under the Plan for the taxable year.