Common use of Valuation of Account Clause in Contracts

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:

Appears in 78 contracts

Samples: Nuveen Open (Nuveen Build America Bond Fund), Nuveen Multi-Asset Income Fund, Nuveen Core Plus Impact Fund

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