Valuation of Account. (a) Each Board shall from time to time designate one or more open-end funds managed by Xxxxxx as Eligible Funds. A Participant, on his Deferral Election form, shall have the right to select from the then-current list of Eligible Funds one or more funds in which his Account shall be deemed invested as set forth in this Section 4.2 (“Designated Funds”). A Participant shall designate whether his election pursuant to this Section 4.2(a), or change in election pursuant to Section 4.2(b), is to apply to his entire Account or to one or more Plan Year Accounts as specified in the election. A Participant may designate an Eligible Fund even if he is not a member of the Board of that Eligible Fund. Except as provided below, amounts credited to a Participant’s Account shall be treated as though such amounts had been invested and reinvested in shares of the Participant’s Designated Funds, initially calculated as follows:
Valuation of Account. Investment Manager shall determine the fair market value of assets in the Investment Management Account at least annually. SPARROW CAPITAL MANAGEMENT, INC. Investment Research and Portfolio Management
Valuation of Account. Whenever amounts are withheld from the Director's fees, the Director's Account shall be credited with a number of stock units, calculated by converting the amount withheld into a number of whole or fractional stock units as if the amounts had been used to purchase Class A non-voting common stock of the Company at the price determined under paragraph 5 of this Agreement. The Account shall also be credited with additional stock units whenever dividends are paid on the Class A non-voting common stock of the Company, calculated by assuming that such dividends were used to purchase additional stock units at the price determined under paragraph 5 of this Agreement. The Account shall be credited from time to time with additional shares of stock units equal in number to the number of shares granted in any stock dividend or split to which the holder of a like number of shares of Class A non-voting common stock would be entitled. The Account shall likewise be credited with the stock unit equivalent of all other distributions made with respect to shares of Class A non-voting common stock; in the event of a distribution of preferred stock, such preferred stock shall be valued at is par value (or its voluntary liquidating price, if it does not have a par value).
Valuation of Account. The value of Mr. Klappa's Account on any date shall be based on the Maxxxx Xxxxx xn such date multiplied by the number of shares of Phantom Stock then credited to the Account, provided, however, that if the profitability goals established for the Company and for Mr. Klappa by the Chief Executive Officers of Southern anx xxx Xxxxany have been equaled or exceeded during the Performance Period as set forth on Exhibit A, and as annually documented on Exhibit B of this Agreement (the "Profitability Goals"), the value of the Account shall be increased upon payout to cover Mr. Klappa's federal and state income tax expense as reasxxxxxx xxxxxated by the Company for the year of payout (the "Tax Gross-up"). Failure to meet the Profitability Goals for the Performance Period shall result in the forfeiture of the Tax Gross-up, provided, however, that the Chief Executive Officers of Southern and the Company may, in their sole discretion, determine after the close of the Performance Period, that as a result of overall Company profitability and individual performance during the entire Performance Period, all or a portion of the value of the Tax Gross-up shall nevertheless be paid.
Valuation of Account. The value of Mr. Xxxxxxxx'x Account on any date shall be based on the Market Value on such date multiplied by the number of shares of Phantom Stock then credited to the Account, provided, however, that if the profitability goals established for the Company and for Mr. Xxxxxxxx xx the Chief Executive Officers of Southern and the Company have been equaled or exceeded during the Performance
Valuation of Account. The value of Executive's account at any time shall be the amounts of any Management Incentive Bonuses credited to such account, adjusted for interest at a rate equal to the prime interest rate, as reported by First Bank, N.A. on the first business day following January 1 of each year, plus two (2) percentage points, compounded quarterly, until all amounts credited to such account have been distributed as provided in Section 5 below.
Valuation of Account. The value of Mr. Franklin's Account on any date shall be based on the Market Vaxxx xx xxxx xxte multiplied by the number of shares of Phantom Stock then credited to the Account, provided, however, that if the annual profitability goals established for the Company and for Mr. Franklin by the Chief Executive Officer of Southern have been xxxxxxx xx xxceeded for each fiscal year of the Company during the Performance Period as set forth on Exhibit A, and as annually documented on Exhibit B of this Agreement, (the "Profitability Goals"), the value of the Account shall be increased upon payout to cover Mr. Franklin's federal and state income tax expense as reasonably xxxxxxxxx xx xhe Company for the year of payout (the "Tax Gross-up"). Failure to meet the Profitability Goals for any year of the Performance Period shall result in the forfeiture of the Tax Gross-up, provided, however, that Southern's Chief Executive Officer may, in his sole discretion, determine after the close of the Performance Period, that as a result of overall Company profitability and individual performance during the entire Performance Period, that all or a portion of the value of the Tax Gross-up shall nevertheless be paid. For purposes of this Paragraph 4, in the event that Mr. Franklin shall become Southern's Chief Executive Officer, the xxxxx xxx xxterminations hereunder shall be made by the Compensation Committee of Southern's Board of Directors. 5.
Valuation of Account. 2.1.1 The account referenced in 1.2.1 will be valued as of the end of the month prior to the day the first installment is paid under the provisions of this section 2.
Valuation of Account. As of the last day of each calendar year (and on such additional day or days as the Benefits Management Committee may direct), your Account shall be notionally credited with earnings and gains (and shall be debited for notional expenses and losses) determined as if the amounts credited to your Account had actually been invested as directed by you in accordance with this Article IV. This Award Agreement provides only for notional investments, and therefore, such earnings, gains, expenses and losses are hypothetical and not actual. However, they shall be applied to measure the value of your Account.
Valuation of Account. (a) The Executive's Account shall be credited or charged with deemed earnings or losses as if it were invested in accordance with paragraph (b) below. The Executive's Account shall also be charged with the costs of administration of such account.
