Income Allocation. As of the Valuation Date, the fair market value of the Trust Fund or each separate investment fund allowed under the Plan (“Fund”), as reported by the Trustee, shall be determined and allocated to Participant accounts as specified in this Section. As of each Valuation Date, the Adjusted Account Balance for each Participant account included in each Fund and each Adjusted Fund Balance shall be determined. The difference between the Adjusted Fund Balance and the balance of the Fund as of the immediately preceding Valuation Date shall be apportioned among the respective Participant accounts in the proportion each Adjusted Account Balance bears to the aggregate of all Adjusted Account Balances.
Appears in 3 contracts
Sources: Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/), Employee Stock Ownership and Thrift Plan and Trust Agreement (Bancfirst Corp /Ok/), Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/)