Participant's Accounts. An account shall be established for each participant with respect to Fund I, Fund II and with respect to Fund III, Fund IV, Fund V, Fund VI, Fund VII, Fund VIII, Fund IX and Fund X or any other such fund that reasonable accounting practices shall require be established. All Funds shall be maintained in United States dollars. A determination shall be made on each monthly valuation date of the value with respect to each fund, and shall reflect contributions made by both the participant and the Company and any gains or losses of the funds. Each participant shall be provided a statement of his accounts, reflecting the value thereof, not less often than annually. Notwithstanding the foregoing, the Company shall have the right to change the method of accounting from time to time except that no participant’s account balances shall be reduced because of such change.
Appears in 1 contract
Sources: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)
Participant's Accounts. An account shall be established for each participant with respect to Fund I, Fund II and with respect to Fund III, Fund IV, Fund V, Fund VI, Fund VII, Fund VIII, VIII and Fund IX and Fund X or any other such fund that reasonable accounting practices shall require be established. All Funds shall be maintained main-tained in United States dollars. A determination shall be made on each monthly valuation date of the value with respect to each fund, and shall reflect contributions made by both the participant and the Company and any gains or losses of the funds. Each participant shall be provided a statement of his accounts, reflecting the value thereof, not less often than annually. Notwithstanding the foregoing, the Company shall have the right to change the method of accounting from time to time except that no participant’s 's account balances shall be reduced because of such change.
Appears in 1 contract
Sources: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)
Participant's Accounts. An account shall be established for each participant with respect to Fund I, Fund II and with respect to Fund III, Fund IV, Fund V, Fund VI, Fund VII, Fund VIII, VIII and Fund IX and Fund X or any other such fund that reasonable accounting practices shall require be established. All Funds shall be maintained main- tained in United States dollars. A determination shall be made on each monthly valuation date of the value with respect to each fund, and shall reflect contributions made by both the participant and the Company and any gains or losses of the funds. Each participant shall be provided a statement of his accounts, reflecting the value thereof, not less often than annually. Notwithstanding the foregoing, the Company shall have the right to change the method of accounting from time to time except that no participant’s 's account balances shall be reduced because of such change.
Appears in 1 contract
Sources: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)