VALUATION OF TRUST. The Trustee must value the Trust Fund as of each Accounting Date to determine the fair market value of each Participant's Accrued Benefit in the Trust. The Trustee also must value the Trust Fund on such other valuation dates as directed in writing by the Advisory Committee or as required by the Employer's Adoption Agreement.
VALUATION OF TRUST. In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))
(a) No other mandatory valuation dates.
(b) (Specify) _____________________________________________.
VALUATION OF TRUST. In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))
(a) No other mandatory valuation dates.
(b) (Specify) ________________________________________________. EFFECTIVE DATE ADDENDUM (Restated Plans Only) The Employer must complete this addendum only if the restated Effective Date specified in Adoption Agreement Section 1.18 is different than the restated effective date for at least one of the provisions listed in this addendum. In lieu of the restated Effective Date in Adoption Agreement Section 1.18, the following special effective dates apply: (Choose whichever elections apply)
VALUATION OF TRUST. You may use this option to specify mandatory valuation dates, in addition to the accounting date. Normally, option (a) is chosen. Instructions for Effective Date Addendum You must complete the effective date addendum only if the effective dates of any of the listed items (a) through (j) have an effective date other than your restated effective date in adoption agreement section 1.18. Since some provisions in the Tax Reform Act of 1986 were not effective until 1988 or 1989 the few provisions (if any) that have later effective dates must specify when they are effective.
a. Compensation definition may not be later than the first day of your 1991 plan year.
b. Eligibility conditions may not be later than the first day of your 1989 plan year.
c. Suspension of years of service may not be earlier than the first day of your 1990 plan year.
d. Contribution/allocation formula may not be earlier than the first day of your 1989 plan year.
e. Accrual requirements may not be earlier than the first day of your 1989 plan year.
f. Employment condition may not be earlier than the first day of your 1991 plan year.
g. Elimination of Net Profits may not be earlier than December 31, 1985.
h. Vesting schedule may not be later than the first day of your 1989 plan year.
i. Allocation of Earnings may not be earlier than the first day of the 1990 plan year. Execution Page The Employer must complete the date on which it executes the adoption agreement and must execute the signature for the Employer. The execution page provides two lines above the signature line to print or type the name of the Employer and the
VALUATION OF TRUST. Limitation on Liability - If Investment Manager, Ancillary Trustee or Independent Fiduciary Appointed.................... 10.07 10.16 Investment in Group Trust Fund................................ 10.07
VALUATION OF TRUST. In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (CHOOSE (a) OR (b))
(a) No other mandatory valuation dates. [X] (b) (SPECIFY) every day the New York Stock Exchange and the Trustee are open and conducting business. EFFECTIVE DATE ADDENDUM (RESTATED PLANS ONLY) The Employer must complete this addendum only if the restated Effective Date specified in Adoption Agreement Section 1.18 is different than the restated effective date for at least one of the provisions listed in this addendum. In lieu of the restated Effective Date in Adoption Agreement Section 1.18, the following special effective dates apply: (CHOOSE WHICHEVER ELECTIONS APPLY)
VALUATION OF TRUST. In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))
(a) No other mandatory valuation dates. [X] (b) (Specify) March 31, June 30 and September 30. 37 138 EFFECTIVE DATE ADDENDUM (RESTATED PLANS ONLY) The Employer must complete this addendum only if the restated Effective Date specified in Adoption Agreement Section 1.18 is different than the restated effective date for at least one of the provisions listed in this addendum. In lieu of the restated Effective Date in Adoption Agreement Section 1.18, the following special effective dates apply: (Choose whichever elections apply)
VALUATION OF TRUST. The Trustee or its designee shall value or cause to be valued the Trust as of the last business day of each calendar quarter (“Valuation Date”), and shall report to the Committee the value of the Trust as of such date, within a reasonable time after the first day of the month next following each Valuation Date.
VALUATION OF TRUST. The Trustee must value the Trust Fund as of each Accounting Date to determine the fair market value of each Participant's Accrued Benefit in the Trust, and the Trustee also must value the Trust Fund on such other dates, as directed by the Advisory Committee. With respect to activities carried on by the Plan, an independent appraiser meeting requirements similar to those prescribed by Treasury regulations under Code Section 170(a)(1) must perform all valuations of Employer Securities which are not readily tradeable on an established securities market.
VALUATION OF TRUST. In addition to each Accounting Date, the Trustee must value the Trust Fund on the following valuation date(s): (Choose (a) or (b))
(a) No other mandatory valuation dates. [ ] (b) (Specify) ______________________________________________. EXECUTION PAGE The Trustee (and Custodian, if applicable), by executing this Adoption Agreement, accepts its position and agrees to all of the obligations, responsibilities and duties imposed upon the Trustee (or Custodian) under the Prototype Plan and Trust. The Employer hereby agrees to the provisions of this Plan and Trust, and in witness of its agreement, the Employer by its duly authorized officers, has executed this Adoption Agreement, and the Trustee (and Custodian, if applicable) signified its acceptance, on this ____ day of ___________, 1996. Name and EIN of Employer: NATIONAL AUTO FINANCE CORPORATION (EIN: 00-0000000) Signed: _______________________________________________________________________ XXXXX X. XXXXX - Vice President (FOR NATIONAL AUTO FINANCE CORPORATION) Name(s) of Trustee: Xxxxx X. Xxxxx (Vice President), Xxx Xxxxxx (President), Xxxx X. Xxxxxxx (Chief Executive Officer) and Xxxxx X. Xxxxx (Vice President) Signed: _______________________________________________________________________ XXXXX X. XXXXX - Vice President (AS THE TRUSTEE) _______________________________________________________________________ XXX XXXXXX - PRESIDENT (AS THE TRUSTEE) _______________________________________________________________________ XXXX X. XXXXXXX - Chief Executive Officer (AS THE TRUSTEE) _______________________________________________________________________ XXXXX X. XXXXX - Vice President (AS THE TRUSTEE) Name of Custodian: Not Applicable Signed: _______________________________________________________________________ [Note: A Trustee is mandatory, but a Custodian is optional. See Section 10.03 of the Plan.]
