Common use of RENDERING OF ACCOUNTS Clause in Contracts

RENDERING OF ACCOUNTS. Within ninety (90) days after the close of each fiscal year of the Plan, the Trustee's removal or resignation as Trustee hereunder, or the termination of the Plan or this Agreement, the Trustee shall file with the Committee an account setting forth all its transactions (including all receipts and disbursements) under the Agreement during such year, or during the period from the close of the last preceding fiscal year of the Plan to the effective date of its removal or resignation or the termination of the Plan or this Agreement, and showing property (including its cost and fair market value) held by it hereunder at the end of such accounting period. The Trustee shall certify in writing that the information in the accounting is accurate. The Committee and the Trustee may agree in writing that similar accounts will be prepared by the Trustee and filed with the Committee at more frequent intervals. No person or persons (including, without limitation, the Bank, the Board, and the Committee) shall be entitled to any further or different accounting by the Trustee, except as may be required by law.

Appears in 3 contracts

Sources: Trust Agreement (Warwick Community Bancorp Inc), Trust Agreement (Dime Community Bancshares Inc), Trust Agreement (Warwick Community Bancorp Inc)