Contractual Income. The Trustee shall credit the Trust Fund with income and maturity proceeds on any Property net of any taxes on the contractual payment date or upon actual receipt as determined by the Trustee. To the extent the Trustee credits income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall not be received by it. The Trustee shall provide notice of such reversal in the next report to the Company.
Appears in 5 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Contractual Income. The Trustee shall credit the Trust Fund Account with income and maturity proceeds on any Property securities on contractual payment date net of any taxes on the contractual payment date or upon actual receipt as determined by agreed between the TrusteeTrustee and the Company. To the extent the Trustee credits and the Company have agreed to credit income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that it will not receive such amount shall not be received by it. The Trustee shall provide notice of such reversal in the next report to the Companyamount.
Appears in 2 contracts
Samples: Incentive Savings Plan (Aetna Inc /Pa/), Incentive Savings Plan (Aetna Inc /Pa/)
Contractual Income. The Trustee shall credit the Trust Fund with income and maturity proceeds on any Property net of any taxes on the contractual payment date or upon actual receipt as determined by the Trustee. To the extent the Trustee credits income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall not be received by it. The Trustee shall provide notice of such reversal in the next report to the CompanyPrimary Beneficiary.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Contractual Income. The In accordance with the Trustee's standard operating procedure, the Trustee shall credit the Trust Fund with income and maturity proceeds on any Property securities on contractual payment date net of any taxes on the contractual payment date or upon actual receipt as determined by the Trusteereceipt. To the extent the Trustee credits income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall will not be received by it. The Trustee shall provide notice of such reversal in the next report to the Companyreceived.
Appears in 1 contract
Contractual Income. The Trustee shall credit the Trust Fund with income and maturity proceeds on any Securities or other Property on contractual payment date net of any taxes on the contractual payment date or upon actual receipt as determined by agreed between the Administrator and the Trustee. To the extent the Administrator and the Trustee credits have agreed to credit income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall not be received by it. The Trustee shall provide notice of such reversal in the next report to the Company.
Appears in 1 contract
Samples: Retirement Compensation Arrangement Trust Agreement (AbitibiBowater Inc.)
Contractual Income. The Trustee shall credit the Trust Fund with income and maturity proceeds on any Property securities on contractual payment date net of any taxes on the contractual payment date or upon actual receipt as determined by the Trusteeagreed between Trustee and Company. To the extent the Company and Trustee credits have agreed to credit income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall will not be received by it. The Trustee shall provide notice of such reversal it within a reasonable time but in the next report to the Companyno event later than two weeks following contractual payment date.
Appears in 1 contract
Samples: Deferred Compensation Trust Agreement (Contran Corp)
Contractual Income. The In accordance with the Trustee’s standard operating procedure, the Trustee shall credit the Trust Fund Funds with income and maturity proceeds on any Property securities on contractual payment date net of any taxes on the contractual payment date or upon actual receipt as determined by the Trusteereceipt. To the extent the Trustee credits income on a contractual payment date, the Trustee may reverse such accounting entries with back value to the contractual payment date if the Trustee reasonably believes that such amount shall will not be received by it. The Trustee shall provide notice of such reversal in the next report to the Companyreceived.
Appears in 1 contract
Samples: Trust Deed