Common use of Participation Agreements - Separate Accounts Clause in Contracts

Participation Agreements - Separate Accounts. Subject to s. 12.3, the Trustees may enter into Participation Agreements that provide for the participation of Eligible Employers on a segregated basis, such that the assets and Contributions related to the Eligible Employer(s) will be held in a Separate Account and used for the provision of Benefits in accordance with the terms of a Plan, to a discrete and identifiable group of Participating Employees. For greater certainty, Article 6 will apply to any Separate Account established for a discrete and identifiable group of Participating Employees pursuant to a Participation Agreement and the Trustees shall separately account for the assets and liabilities of each Separate Account, including, without limitation: (a) deposits, contributions, remittances, subsidies, investment and other income from whatever source to each Separate Account; and (b) Benefits to Participating Employees from each respective Separate Account, and the investment, administrative, and other expenses attributable to the maintenance of each Separate Account and the administration of the Plan to which the Separate Account relates.

Participation Agreements - Separate Accounts. Subject to s. 12.3, the The Trustees may enter into Participation Agreements that provide for the participation of Eligible Employers on a segregated basis, such that the assets and Contributions related to the Eligible Employer(s) will be held in a Separate Account and used for the provision of Benefits in accordance with the terms of a Plan, to a discrete and identifiable group of Participating Employees. For greater certainty, Article 6 will apply to any Separate Account established for a discrete and identifiable group of Participating Employees pursuant to a Participation Agreement and the Trustees shall separately account for the assets and liabilities of each Separate Account, including, without limitation:limitation:‌ (a) deposits, contributionsContributions, remittances, subsidies, investment and other income from whatever source to each Separate Account; and (b) Benefits to Participating Employees from each respective Separate Account, and the investment, administrative, and other expenses attributable to the maintenance of each Separate Account and the administration of the Plan to which the Separate Account relates.

Participation Agreements - Separate Accounts. Subject to s. 12.3, the The Trustees may enter into Participation Agreements that provide for the participation of Eligible Employers on a segregated basis, such that the assets and Contributions related to the Eligible Employer(s) will be held in a Separate Account and used for the provision of Benefits in accordance with the terms of a Plan, to a discrete and identifiable group of Participating Employees. For greater certainty, Article 6 will apply to any Separate Account established for a discrete and identifiable group of Participating Employees pursuant to a Participation Agreement and the Trustees shall separately account for the assets and liabilities of each Separate Account, including, without limitation:limitation:‌ (a) deposits, contributions, remittances, subsidies, investment and other income from whatever source to each Separate Account; and (b) Benefits to Participating Employees from each respective Separate Account, and the investment, administrative, and other expenses attributable to the maintenance of each Separate Account and the administration of the Plan to which the Separate Account relates.

Participation Agreements - Separate Accounts. Subject to s. 12.3, the The Trustees may enter into Participation Agreements that provide for the participation of Eligible Employers on a segregated basis, such that the assets and Contributions related to the Eligible Employer(s) will be held in a Separate Account and used for the provision of Benefits in accordance with the terms of a Plan, to a discrete and identifiable group of Participating Employees. For greater certainty, Article 6 will apply to any Separate Account established for a discrete and identifiable group of Participating Participating‌ Employees pursuant to a Participation Agreement and the Trustees shall separately account for the assets and liabilities of each Separate Account, including, without limitation: (a) deposits, contributions, remittances, subsidies, investment and other income from whatever source to each Separate Account; and (b) Benefits to Participating Employees from each respective Separate Account, and the investment, administrative, and other expenses attributable to the maintenance of each Separate Account and the administration of the Plan to which the Separate Account relates.