Common use of Accounting by Trustee Clause in Contracts

Accounting by Trustee. Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be done. All such accounts, books and records shall be open to inspection and audit at all reasonable times by Company, and each Beneficiary of a Trust Account shall have the right to inspect and audit all such accounts, books and records as to such Trust Account. After a Control Change Date, within sixty days following the close of each calendar year and within sixty days after the removal or resignation of Trustee, Trustee shall deliver to Company and to each of the Beneficiaries a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be. If no objection is made to the accounting by Company or a Beneficiary within ninety days after mailing or delivery thereof, Company and the Beneficiaries shall be conclusively presumed to have approved all matters reflected in the accounting.

Accounting by Trustee. The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to transactions, including such specific records as shall be doneagreed upon in writing between the Company or the Committee and the Trustee. All such accounts, books and records shall be open to inspection and audit at all reasonable times by the Company, its officers and each Beneficiary of a Trust Account shall have the right to inspect and audit all such accounts, books and records as to such Trust AccountCommittee. After a Control Change Date, within Within sixty (60) days following the close of each calendar year and within sixty days after year, the removal or resignation of Trusteethe Trustee or the termination of this Trust, the Trustee shall deliver to the Company and to each of the Beneficiaries a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal removal, resignation or resignationtermination, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal removal, resignation or resignationtermination, as the case may be. If no objection is made to Upon written request a Trust Beneficiary may examine the accounting by Company or a Beneficiary within ninety days after mailing or delivery thereof, Company Trustee’s records and accounts regarding the number of shares of Stock held in the Trust and the Beneficiaries dividends paid on such shares during the current year; provided that no Trust Beneficiary shall be conclusively presumed have any right to have approved all matters reflected see such records or accounts as they relate to individual interests in the accountingTrust other than his own.

Accounting by Trustee. Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be done. All made, including such accounts, books and specific records as shall be open to inspection agreed upon in writing between Company and audit at all reasonable times by Company, and each Beneficiary of a Trust Account shall have the right to inspect and audit all such accounts, books and records as to such Trust AccountTrustee. After a Control Change Date, within Within sixty (60) days following the close of each calendar year year, or such other date or dates specified by the Company and within sixty (60) days after the removal or resignation of Trustee, Trustee shall deliver to Company and to each of the Beneficiaries a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or of net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be. If no objection It is recognized that in the operation and administration of the Trust certain mathematical or accounting errors may be made or mistakes may arise by reason of errors in information supplied to Trustee. Trustee shall have the power to cause such equitable adjustments to be made to the accounting by Company or a Beneficiary within ninety days after mailing or delivery thereof, Company and the Beneficiaries correct such errors as Trustee in its discretion considers appropriate. Such adjustments shall be conclusively presumed to have approved final and binding on all matters reflected in the accountingpersons.

Accounting by Trustee. The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to transactions, including such specific records as shall be doneagreed upon in writing between the Company or the Committee and the Trustee. All such accounts, books and records shall be open to inspection and audit at all reasonable times by the Company, its officers and each Beneficiary of a Trust Account shall have the right to inspect and audit all such accounts, books and records as to such Trust AccountCommittee. After a Control Change Date, within Within sixty (60) days following the close of each calendar year and within sixty days after year, the removal or resignation of Trusteethe Trustee or the termination of this Trust, the Trustee shall deliver to the Company and to each of the Beneficiaries a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal removal, resignation or resignationtermination, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal removal, resignation or resignationtermination, as the case may be. If no objection is made to Upon written request a Trust Beneficiary may examine the accounting by Company or a Beneficiary within ninety days after mailing or delivery thereof, Company Trustee's records and accounts regarding the number of shares of Stock held in the Trust and the Beneficiaries dividends paid on such shares during the current year; provided that no Trust Beneficiary shall be conclusively presumed have any right to have approved all matters reflected see such records or accounts as they relate to individual interests in the accountingTrust other than his own.