Common use of Valuation of Accounts Clause in Contracts

Valuation of Accounts. The value of a Participant’s Account shall be determined from time to time by the Administrator in the following manner: (a) Each Participant’s Account shall be valued as of the last day of each Plan Year, or more frequently as agreed upon by the Administrator, and shall again be valued as of the date that a Participant receives a payment under the Plan, in accordance with the procedures established by the Administrator. (b) All allocations to a Participant’s Account under this Section 4.5 shall be deemed to have been made on the applicable valuation date, even though actually determined at a later date.