Common use of Schedule of Accounts Clause in Contracts

Schedule of Accounts. Each payment by the Company pursuant to this Article V shall be accompanied by a schedule delivered to the Recordkeeper (as described in Section 7.3 hereof) of the individual Plans for whose accounts such payment is being made, which schedule sets forth the amounts delivered in respect of each of the Plans. The Recordkeeper shall maintain in an equitable manner an account for each Plan (the “Account”). Each Account shall consist of contributions to and payments from the Benefits Fund which are allocable to the Plan, and earnings thereon, less disbursements therefrom attributable to the interest of the Plan in the entire Benefits Fund. On a monthly basis, the Trustee shall advise the Recordkeeper in writing regarding the actual amounts received by the Trust from the Company, and paid out from the Trust, in respect of each of the Plans.