Common use of Participant Accounts Clause in Contracts

Participant Accounts. The Employer shall maintain in an equitable manner a separate account for each Participant under the Plan (“Account”) in which it shall keep a record of the share of such Participant under the Plan in the Trust. The Employer may appoint a third-party administrator to assist the Trustee in maintaining such Accounts. A Participant’s Account under the Plan shall represent the portion of the Trust allocated to provide such Participant benefits under the Plan. If the Trustee is directed by the Employer to segregate the Trust into separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Employer shall certify to the Trustee the amount of such contribution being made in respect of each Participant under each Plan. The Trustee may rely on information provided to the Trustee by the Employer or the Third-Party Administrator and the Trustee’s and Employer’s determination of Account values shall be conclusive and binding on all interested parties.

Participant Accounts. The Employer shall maintain in an equitable manner a separate account for each Participant under the Plan (“Account”) in which it shall keep a record of the share of such Participant under the Plan in the Trust. The Employer may appoint a third-party administrator to assist the Trustee in maintaining maintain such Accounts. A Participant’s Account under the Plan shall represent the portion of the Trust allocated to provide such Participant benefits under the Plan. If the Trustee is directed by the Employer to segregate the Trust into separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Employer shall certify to the Trustee the amount of such contribution being made in respect of each Participant under each Plan. The Trustee may rely on information provided to the Trustee by the Employer or the Third-Party Administrator and the Trustee’s and Employer’s determination of Account values shall be conclusive and binding on all interested parties.

Participant Accounts. The Employer shall maintain in an equitable manner a separate account for each Participant under the a Plan (“Account”( Account ) in which it shall keep a record of the share of such Participant under the such Plan in the Trust. The Employer may appoint a third-party administrator to assist the Trustee in maintaining maintain such Accounts. A Participant’s 's Account under the a Plan shall represent the portion of the Trust allocated to provide such Participant benefits under the such Plan. If the Trustee is directed by the Employer to segregate the Trust into separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Employer shall certify to the Trustee the amount of such contribution being made in respect of each Participant under each Plan. The Trustee may rely on information provided to the Trustee by the Employer or the Third-Party Administrator and the Trustee’s 's and Employer’s 's determination of Account values shall be conclusive and binding on all interested parties.