Common use of SEGREGATED INVESTMENT ACCOUNTS Clause in Contracts

SEGREGATED INVESTMENT ACCOUNTS. A segregated investment Account receives all income it earns and bears all expense or loss it incurs. The Administrative Committee will adopt uniform and nondiscriminatory procedures for determining income or loss of a segregated investment Account in a manner which reasonably reflects investment directions relating to pooled investments and investment directions occurring during a valuation period. As of the valuation date, the Administrative Committee must reduce a segregated Account for any forfeiture arising under Section 5.09 after the Administrative Committee has made all other allocations, changes or adjustments to the Account for the Plan Year.