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 hereunder and all necessary and appropriate records required to identify correctly and reflect accurately the interest of each participant or beneficiary, 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 Company. 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 Company in writing of its intention to do so and transferring to the Company any of such accounts, books and records requested.

Appears in 1 contract

Samples: Trust Agreement (Minolta QMS Inc)

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Administration and Records. 11.1 The A. Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements disbursement and other transactions hereunder and all necessary and appropriate records required to identify correctly and reflect accurately the interest of each participant or beneficiary, 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 CompanyBank. 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 Company Bank in writing of its intention to do so and transferring to the Company Bank any of such accounts, books and records requested.

Appears in 1 contract

Samples: Trust Agreement (Orrstown Financial Services Inc)

Administration and Records. 11.1 12.1 The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other transactions hereunder and all necessary and appropriate records required to identify correctly and reflect accurately the interest respective interests of each participant or beneficiaryTrust Beneficiary, 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 CompanyEmployer. 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 Company Employer in writing of its intention to do so and transferring to the Company Employer any of such accounts, books and records requested.

Appears in 1 contract

Samples: Trust Agreement (Data General Corp)

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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 hereunder and all necessary and appropriate records required to identify correctly and reflect accurately the interest of each participant or beneficiary, and all accounts, books and records relating thereto shall be open to the inspection and audit at all reasonable times by any person designated by the Company. 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 Company in writing of its intention to do so and transferring to the Company any of such accounts, books and records requested.

Appears in 1 contract

Samples: Trust Agreement (Brunswick Bancorp)

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