Common use of Administration and Records Clause in Contracts

Administration and Records. 11.1 The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other transactions under the Trust and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any person designated by the Employer. All such accounts, books and records shall be preserved (in original form, or on microfilm, magnetic tape or any other similar process) for such period as the Trustee may determine, but the Trustee may only destroy such accounts, books and records after first notifying the Employer in writing of its intention to do so and transferring to Employer any of such accounts, books and records requested.

Appears in 6 contracts

Samples: Trust Agreement, Model Trust Agreement (Host Marriott Corp/), Trust Agreement (Host Marriott Corp/)

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Administration and Records. 11.1 10.1 The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other transactions under the Trust and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any person designated by the EmployerCompany. All such accounts, books and records shall be preserved (in original form, or on microfilm, magnetic tape or any other similar process) for such period as the Trustee may determine, but the Trustee may only destroy such accounts, books and records after first notifying the Employer Company in writing of its intention to do so and transferring to Employer the Company any of such accounts, books and records requested.

Appears in 4 contracts

Samples: Trust Agreement (Alpha Natural Resources, Inc.), Trust Agreement (Alpha Natural Resources, Inc.), Alpha Operating Companies Rabbi Trust Agreement (Alpha Natural Resources, Inc.)

Administration and Records. 11.1 10.1. The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other transactions under the Trust hereunder, and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any person designated by the EmployerCompany. All such accounts, books and records shall be preserved (in original form, or on microfilm, magnetic tape or any other similar process) for such period as the Trustee may determine, but the Trustee may only destroy such accounts, books and records after first notifying the Employer Company in writing of its intention to do so and transferring to Employer the Company any of such accounts, books and records requested.

Appears in 1 contract

Samples: Trust Agreement (Conocophillips)

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Administration and Records. 11.1 9.1 The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other transactions under the Trust hereunder, and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any person designated by the EmployerCompany. All such accounts, books and records shall be preserved (in original form, or on microfilmmicrofile, magnetic tape or any other similar process) for such period as the Trustee may determine, but the Trustee may only destroy such accounts, books and records after first notifying the Employer Company in writing of its intention to do so and transferring to Employer the Company any of such accounts, books and records requested.

Appears in 1 contract

Samples: Compensation Trust Agreement (First Maryland Bancorp)

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