Common use of VALUATION OF TRUST Clause in Contracts

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. 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, dates as directed by the Advisory CommitteePlan Administrator. With respect to activities carried on by the Plan, an independent appraiser meeting requirements similar to those prescribed by Treasury regulations under Code Section ss. 170(a)(1) must perform all valuations of Employer Securities which are not readily tradeable on an established securities market.

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 Account Balance in the Trust, and the Trustee also must value the Trust Fund on such other dates, as directed by the Advisory CommitteePlan Administrator. 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(S)170(a)(1) must perform all valuations of Employer Securities which are not readily tradeable on an established securities market. The valuation requirement of the immediately preceding sentence applies to all Employer Securities acquired by the Plan.