5.3-B Adjustment of Accounts. Each Account and, where appropriate, each subaccount, shall be adjusted from time to time as follows:
(a) such Account or subaccount shall be credited with the amounts contributed to the Local 777 Plan by or on behalf of the Participant under Sections3.2-B,3.3-B and3.4-B, and with any payments of principal and interest made by the Participant on any loan made to him or her from such Account or subaccount;
(b) such Account or subaccount shall be credited or charged, as the case may be, with the Earnings attributable to the investment thereof, and with any amounts transferred to or from such Account or subaccount as provided in Sections5.4-B,5.5-B and5.6-B;
(c) such Account or subaccount shall be charged with the amount of any distributions or withdrawals made therefrom pursuant to Article7-B, with the amount of any adjustment to, or distribution from, such Account or subaccount required pursuant to Article4-B, with any amount required to be charged to such Account pursuant to a domestic relations order determined to be qualified in accordance with procedure adopted by the Administrator under Section 12.14, and with the portion of any fees, expenses or taxes paid out of the Trust Fund that is allocated to such Account or subaccount pursuant to the applicable provisions of the Trust Agreement and Section 15.9 (but such Account or subaccount shall be so charged only to the extent such portion of the fees, expenses and taxes so paid is not otherwise reflected in the Earnings credited or charged to the Account or subaccount pursuant to subsection (b) above); and
(d) such Account or subaccount shall also reflect the number of Units or shares, as applicable, in the Investment Funds in which the balance of such Account or subaccount is invested. The number of Units or shares to be so reflected shall include both fractions of a Unit or share, as well as whole Units or shares.
5.4-B Transfer upon Change of Status. In the case of any Employee who ceases to be a Participant by virtue of the first sentence ofSection 2.5-B, the balances to the Participant’s credit in his or her Employer Contribution Account, his or her EmployeeAfter-Tax Contribution Account (including the Accumulated Payments Portion Subaccount, and the Separate Contract Portion Subaccount thereof, if any), and his or her Tax Deductible Employee Contribution Account, under this Local 777 Plan shall automatically be transferred and credited, respectively, to the Participant’s Company Contribution Account, to his or her Employee Contributin Account, to his or her Tax Deductible Employee Contribution Account and to the appropriate subaccounts within each Account as determined to be appropriate by the Administrator, effective as of the first date on which he or she so ceases to be a Participant.
In the case of any Employee who resumes participation or commences participation under this Local 777 Plan pursuant to the second or third sentence ofSection 2.5-B, the balances transferred as such Accounts and subaccounts are defined in Section 9.1, and credited together with additional contributions to and Earnings, shall automatically be transferred and credited, respectively, to the Participant’s Employer Contribution Account, to his or her EmployeeAfter-Tax Contribution Account (and to the Accumulated Payments Portion, and the Separate Contract Portion thereof, if applicable), to his or her Tax Deductible Employee Contribution Account
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