necessary or appropriate in administering the Plan, including, but not limited to, a Deemed Investment Sub-account and a Deferred RSU Sub-account.
Section 4.2 Crediting of Deferred Fees and RSUs. A Director’s Fees and RSUs that are deferred pursuant to a Deferral Commitment shall be credited to the Director’s Account as follows:
(a) With respect to Fees, as of the date such Fees would have been paid to the Director but for the Director’s Deferral Commitment with respect to such Fees.
(b) With respect to RSUs:
(i) With respect to Common Shares payable under the applicable Award Agreement (including Common Shares that relate to dividend equivalents in respect of dividends paid in Common Shares), to the Director’s Deferred RSU Sub-account as of the date such Common Shares would have been delivered to the Director but for the Director’s Deferral Commitment with respect to such RSUs (but in no event earlier than the date on which the RSU vests by its terms); and
(ii) With respect to dividend equivalent amounts payable in cash under the applicable Award Agreement, to the Director’s Deemed Investment Sub-account at such time as the cash would have been paid to the Director but for the Director’s Deferral Commitment with respect to such RSUs.
(c) Any withholding of taxes or other amounts with respect to deferred Fees or RSUs that is required by state, federal or local laws shall be withheld from the Director’s non-deferred Fees or RSUs, or if none, then the Director’s Deferral Commitment shall be reduced by the amount of such withholding.
Section 4.3 Determination of Accounts.
(a) Determination of Accounts. The amount credited to each Director’s Account as of a particular date shall equal the deemed balance of such Account as of such date. The balance in the Account shall equal the amount credited pursuant to Section 4.2, and shall be adjusted in the manner provided in Section 4.4.
(b) Accounting. The Corporation, through its accounting records, shall maintain a separate and distinct record of the amount in each Account as adjusted to reflect income, gains, losses, withdrawals and distributions.
Section 4.4 Adjustments to Accounts.
(a) On each Accounting Date, each Director’s Account and applicable sub-accounts shall be debited with the amount of any distributions under the Plan to or on behalf of the Director or, in the event of his or her death, his or her Beneficiary during the immediately preceding Accounting Period.
(b) The Director’s Deemed Investment Sub-account shall next be credited or debited, as the case may be, on a daily basis with the performance of each deemed Investment Fund based on the manner in which the balance of such Director’s Account has been allocated among the deemed Investment Funds provided for in Article V. The performance of each deemed Investment Fund (either positive or negative) will be determined by the Administrator, in its sole discretion.
(c) Earnings on any amounts deemed to have been invested in the Deemed Investment Sub-Account will be deemed to have been reinvested as the Committee so determines.
(d) Each Director’s Deferred RSU Sub-account shall be deemed invested solely in Common Shares, including fractions of a Common Share.
(e) Common Shares deemed held in the Director’s Deferred RSU Sub-account will be credited with dividend equivalent rights, in respect of any dividends paid on its Common Shares by the Corporation in cash or in Common Shares. Such dividend equivalent rights shall be credited on the date of the payment of such dividend by the Corporation. Dividend equivalent rights in respect of dividends paid in Common Shares shall be credited to the