Common use of Written Account Clause in Contracts

Written Account. As soon as practicable after the close of each Plan year (as designated in the Plan), or upon the removal or resignation of the Master Custodial Administration Agreement Administrator as provided in Article VI of this Agreement or the termination of the Participating Plan or Participant’s account or this Agreement, as applicable, the Master Custodial Administration Agreement Administrator, shall render to the Participant and Employer a written account of all its transactions relating to the Custodial Account. If the Employer shall not, within one hundred eighty (180) days after the mailing of such statement of account, notify the Master Custodial Administration Agreement Administrator, as applicable, in writing of its disapproval of the same, such statement shall constitute a valid accounting of the Custodial Account as if the account had been duly approved by the Participant or Employer in writing.

Appears in 4 contracts

Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!