The valuation date of the Vacation Plan is each December 31st. The value of your account as of any valuation date is the sum of (1) any existing balance in your account as of the preceding valuation date (provided one exists) plus (2) the vacation payments credited to your account during the year plus (3) the current adjustment for the Funds investment results, less (4) your pro rata share of administrative costs.

The assets of the Vacation Fund are valued on each December 31st based upon their fair market value. Your account shall be credited proportionate to the amount in each individual account with interest earnings of the Fund.

IN ORDER TO RECEIVE YOUR VACATION PAYOUT, ONE APPLICATION PER PLAN YEAR MUST BE SUBMITTED TO THE FUND OFFICE.