Adjustment of Accounts. The amount credited to each Account shall be adjusted for hypothetical investment earnings, expenses, gains or losses in an amount equal to the earnings, expenses, gains or losses attributable to the investment options selected by the party designated in Section 9.01 of the Adoption Agreement from among the investment options provided in Section 7.1. If permitted by Section 9.01 of the Adoption Agreement, a Participant (or the Participant’s Beneficiary after the death of the Participant) may, in accordance with rules and procedures established by the Administrator, select the investments from among the options provided in Section 7.1 to be used for the purpose of calculating future hypothetical investment adjustments to the Account or to future credits to the Account under Section 6.2 effective as of the Valuation Date coincident with or next following notice to the Administrator. Each Account shall be adjusted as of each Valuation Date to reflect: (a) the hypothetical earnings, expenses, gains and losses described above; (b) amounts credited pursuant to Section 6.2; and (c) distributions or withdrawals. In addition, each Account may be adjusted for its allocable share of the hypothetical costs and expenses associated with the maintenance of the hypothetical investments provided in Section 7.1.
Adjustment of Accounts. Pursuant to rules established by the Employer, Participants’ Accounts will be adjusted on each Valuation Date, except as provided in Section 9, to reflect the notional value of the various Investment Funds as of such date, including adjustments to reflect any deferrals and contributions, notional transfers between Investment Funds, and notional gains, losses, expenses, appreciation, or depreciation with respect to such Accounts since the previous Valuation Date. The “value” of an Investment Fund at any Valuation Date may be based on the fair market value of the Investment Fund, as determined by the Administrator in its sole discretion.
Adjustment of Accounts. The amount in a Participant’s Account shall be adjusted for hypothetical investment earnings, expenses, gains or losses in an amount equal to the earnings, expenses, gains or losses attributable to the investment options selected by the party designated in Section 9.01 of the Adoption Agreement from among the investment options provided in Section 7.1. If permitted by Section 9.01 of the Adoption Agreement, a Participant may, in accordance with rules and procedures established by the Administrator, select the investments from among the options provided in Section 7.1 to be used for the purpose of calculating future hypothetical investment adjustments to the Participant’s Account or to future credits to the Account under Section 6.2 effective as the Valuation Date coincident with or next following notice to the Administrator. The Account of each Participant shall be adjusted as of each Valuation Date to reflect: (a) the hypothetical earnings, expenses, gains and losses described above; (b) amounts credited pursuant to Section 6.2; and (c) payments. In addition, the Account of each Participant may be adjusted for its allocable share of the hypothetical costs and expenses associated with the maintenance of the hypothetical investments provided in Section 7.1.
Adjustment of Accounts. Before a Forfeiture is incurred, a Participant's Accounts shall share in earnings and losses of the Trust Fund pursuant to Section 13.4 in the same manner as the Accounts of active Participants.
Adjustment of Accounts. (a) Subject to the provisions of paragraphs (b) and (c) below, the Account of a Member shall be credited from time to time with interest at the rate equivalent to the yield on the Bank’s average earning assets.
(b) As an alternative to crediting the Account of a Member with interest or other investment returns under paragraph (a) above, the Member may elect that his Account be deposited in a split dollar life insurance policy. The investment performance of the Member’s Account shall then be measured in accordance with the terms of such policy.
(c) In addition to the investment return credit specified in paragraph (a) and the investment option offered under paragraph (b) above, the Committee may designate from time to time one or more phantom investment funds with may be used to measure the investment performance of Accounts. The designation of any such phantom investment funds shall not require the Bank to invest or carmark its general assets in any way. The Committee may change the designation of investment funds from time to time, in its sole discretion.
Adjustment of Accounts. The Principal Sponsor shall cause the value of each Account or portion of an Account invested in a particular subfund (including undistributed Total Accounts) to be increased (or decreased) from time to time for distributions, contributions, investment gains (or losses) and expenses charged to the Account.
Adjustment of Accounts. As of each Accounting Date occurring prior to or coincident with his Distribution Date (as described in subsection 11.1), a Participant’s Accounts shall be adjusted in the following manner and order:
(a) first, there shall be charged to the proper subaccount for each Account of each Participant under each of the investment funds all payments, withdrawals, distributions and loans made since the last preceding Accounting Date that have not been charged previously;
(b) next, the balances of the subaccounts of all such Participants under each of the investment funds, other than the Loan Fund, shall be adjusted upward or downward, pro rata, according to the balances so that the total of the balances equals the then Fair Market Value (as defined below) of such investment fund:
(c) next, there shall be allocated and credited to each Participant’s Loan Fund subaccounts any loan made to such Participant and any interest which has accrued thereon since the last preceding Accounting Date in accordance with paragraph 10.3(b);
(d) next, there shall be charged to each Participant’s Loan Fund subaccounts and credited to the Participant’s subaccounts under the other investment funds in accordance with paragraph 10.3(e) any payments of principal and interest received by the Trustee since the last preceding Accounting Date;
(e) finally, there shall be allocated and credited to each Participant’s appropriate Account the contributions, if any, that are to be allocated and credited as of that date in accordance with the provisions of subsection 7.3. The “Fair Market Value” of an investment fund (other than the Loan Fund) as at any date means the then net worth of that investment fund, as determined by the Trustee and, to the extent held under that fund, exclusive of:
(A) Company Profit Sharing and Company Match Contributions, if any, received by the Trustee for the period elapsed since the close of the last preceding Plan Year;
(B) Before-Tax, After-Tax and Rollover Contributions, if any, received by the Trustee for the period elapsed since the last preceding Accounting Date; and
(C) any payments of interest and repayments of principal with respect to any loans under subsection 10.3 received by the Trustee since the last preceding Accounting Date.
Adjustment of Accounts. The amount of each Participant's Elective Deferral for a Fiscal Year shall be credited to the Participant's Account as of the Deferral Date for such Elective Deferral. The Account shall be adjusted from time to time to reflect (i) subsequent years' deferrals, if any, and (ii) gains (or losses) determined as if the Account were invested in one or more Investment Vehicles selected by the Participant. The Plan Administrator may adopt such rules and administrative practices as it shall deem necessary or appropriate in connection with a Participant's ability to select Investment Vehicles hereunder including restrictions on the timing or frequency of such elections; all such Investment Vehicle selections shall be made in such form as may be required by the Plan Administrator from time to time.
Adjustment of Accounts. On completion of the performance of the Construction Contract, the parties shall render a true and correct account, each to the others, of all expenses incurred on account of and all moneys received as result of, such performance. The parties mutually agree, on completion of the performance of the Construction Contract, to settle and adjust all accounts in connection with the performance of the Construction Contract, and to pay, each to the others, such sums as well result in reach of the parties receiving that portion of all profits arising from the performance of the Construction Contract, or bearing that proportion of all losses arising from it in accordance with Articles (8), and (35).
Adjustment of Accounts.
(1) No dispute in relation to any invoice rendered pursuant to this Agreement may be brought by either party after 2 years from the date of any such invoice.
(2) If within 2 years after the date of any such invoice it is found that the Generator has been undercharged or overcharged:
(a) that invoice may be referred by a party to the other party for consideration;
(b) the amount of the adjustment must be agreed between the parties and a revised invoice issued; and
(c) the agreed adjustment must be paid in accordance with clause 17.4(2)(c).
(3) After taking into account any adjustments, the Paying Party must pay the amount of any undercharge to the Receiving Party in accordance with clause 17.6(2). the Receiving Party must pay the amount of any overcharge to the Paying Party as directed by the Paying Party.
(4) All payments or refunds must be made within 15 business days of the appropriate adjustment being determined and revised invoice being issued.
(5) This clause 17.6 survives the termination or expiration of this Agreement.
