Common use of Approval of Accounts Clause in Contracts

Approval of Accounts. To the extent permitted by law, the written -------------------- approval of any account by the Company will be final and binding, as to all matters and transactions stated or shown therein, upon every Participating Employer, the Committee, the Participants and all persons who then are or thereafter become interested in the Trust. The failure of the Company to notify the Trustees within 60 days after the receipt of any account of its objection to the account will be the equivalent of written approval. If the Company files any objections within such 60-day period with respect to any matters or transactions stated or shown in the account, and the Company and the Trustees cannot amicably settle the question raised by such objections, the Trustees will have the right to have such questions settled by judicial proceedings. Nothing herein contained will be construed so as to deprive the Trustees of the right to have a judicial settlement of its accounts. In any proceeding for a judicial settlement of any account or for instructions, the only necessary parties will be the Trustees and the Company.

Approval of Accounts. To the extent permitted by law, the written -------------------- approval of any account by the Company will be final and binding, as to all matters and transactions stated or shown therein, upon every Participating Employer, the CommitteeAdministrator, the Participants and all persons who then are or thereafter become interested in the Trust. The failure of the Company to notify the Trustees Trustee within 60 days after the receipt of any account of its objection to the account will be the equivalent of written approval. If the Company files any objections within such 60-day period with respect to any matters or transactions stated or shown in the account, and the Company and the Trustees Trustee cannot amicably settle the question raised by such objections, the Trustees Trustee will have the right to have such questions settled by judicial proceedings. Nothing herein contained will be construed so as to deprive the Trustees Trustee of the right to have a judicial settlement of its his or her accounts. In any proceeding for a judicial settlement of any account or for instructions, the only necessary parties will be the Trustees Trustee and the Company.

Approval of Accounts. To the extent permitted by law, the written -------------------- approval of any account by the Company will be final and binding, as to all matters and transactions stated or shown therein, upon every Participating Employer, the Retirement Committee, the Participants and all persons who then are or thereafter become interested in the Trust. The failure of the Company to notify the Trustees Trustee within 60 days after the receipt of any account of its objection to the account will be the equivalent of written approval. If the Company files any objections within such 60-day period with respect to any matters or transactions stated or shown in the account, and the Company and the Trustees Trustee cannot amicably settle the question raised by such objections, the Trustees Trustee will have the right to have such questions settled by judicial proceedings. Nothing herein contained will be construed so as to deprive the Trustees Trustee of the right to have a judicial settlement of its his or her accounts. In any proceeding for a judicial settlement of any account or for instructions, the only necessary parties will be the Trustees Trustee and the Company.