Common use of Claims Procedure and Arbitration Clause in Contracts

Claims Procedure and Arbitration. In the event that benefits under this Plan is not paid to Executive (or to his Beneficiary in the case of Executive’s death) and the claimant(s) feel he or they are entitled to receive the benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan upon which the denial is based, and any additional material or information necessary for such claimants to perfect the claim. The written notice by the Administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the provisions set forth in this Section 5.2.

Appears in 8 contracts

Samples: Continuation Agreement (BV Financial, Inc.), Continuation Agreement (First Seacoast Bancorp), Continuation Agreement (First Seacoast Bancorp)

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Claims Procedure and Arbitration. In the event that benefits under this Plan Agreement is not paid to Executive (or to his Beneficiary in the case of Executive’s death) and the claimant(s) feel he or they are entitled to receive the benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan Agreement upon which the denial is based, and any additional material or information necessary for such claimants to perfect the claim. The written notice by the Administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan Agreement or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan Agreement upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan Agreement until the claimant has first exhausted the provisions set forth in this Section 5.2.

Appears in 6 contracts

Samples: Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.), Retirement Agreement (Standard AVB Financial Corp.), Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)

Claims Procedure and Arbitration. In the event that benefits under this Plan is are not paid to Executive (or to his Beneficiary in the case of Executive’s death) and the claimant(s) such claimants feel he or they are entitled to receive the such benefits, then a written claim must be made to the Administrator administrator within sixty (60) days from the date payments are refused. The Administrator administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan upon which the denial is basedPlan, and any additional material or information necessary for such claimants to perfect the claim. The written notice Such writing by the Administrator administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the provisions set forth in this Section 5.2Section.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)

Claims Procedure and Arbitration. In the event that benefits under this Plan is Agreement are not paid to Executive (or to his Beneficiary in the case of Executive’s death) and the claimant(s) feel he or they are entitled to receive the benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan Agreement upon which the denial is based, and any additional material or information necessary for such claimants to perfect the claim. The written notice by the Administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan Agreement or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan Agreement upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan Agreement until the claimant has first exhausted the provisions set forth in this Section 5.2.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc), Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc), Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc)

Claims Procedure and Arbitration. In the event that benefits under this Plan is Agreement are not paid to the Executive (or to his Beneficiary in the case of Executive’s his death) and the claimant(s) feel he or they are entitled to receive the benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall will review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such the denial, reference to the provisions of this Plan Agreement upon which the denial is based, and any additional material or information necessary for such the claimants to perfect the claim. The written notice by the Administrator shall will further indicate the additional steps which that must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall must notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan Agreement or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall will then review the second claim and provide a written decision within thirty (30) days of receipt of such the claim. This decision shall will state the specific reasons for the decision and shall include reference to specific provisions of this Plan Agreement upon which the decision is based. No claimant shall will institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan Agreement until the claimant has first exhausted the provisions set forth in this Section 5.2.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Blue Foundry Bancorp)

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Claims Procedure and Arbitration. In the event that benefits under this -------------------------------- Plan is are not paid to Executive (or to his Beneficiary in the case of Executive’s 's death) and the claimant(s) such claimants feel he or they are entitled to receive the such benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall review the written claim and, if the claim is denied, in whole or in part, it they shall provide in writing, within thirty (30) days of receipt of such claim, its their specific reasons for such denial, reference to the provisions of this Plan or the Participation Agreement upon which the denial is based, and any additional material or information necessary for such claimants to perfect the claim. The written notice Such writing by the Administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan Plan, the Participation Agreement or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan or the Participation Agreement upon which the decision is based. No claimant If claimants continue to dispute the benefit denial based upon completed performance of this Plan and the Participation Agreement or the meaning and effect of the terms and conditions thereof, it shall institute any action or proceeding be settled by arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the provisions set forth in this Section 5.2having jurisdiction thereof.

Appears in 1 contract

Samples: Georgetown Bancorp, Inc.

Claims Procedure and Arbitration. In the event that benefits under this Plan is are not paid to the Executive (or to his Beneficiary in the case of the Executive’s death) and the such claimant(s) feel he or they are entitled to receive the benefits, then a written claim must be made to the Administrator administrator within sixty (60) days from the date payments are refused. The Administrator administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan upon which the denial is basedPlan, and any additional material or information necessary for such claimants to perfect the claim. The written notice Such writing by the Administrator administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants the claimant(s) desire a second review, they shall notify the Administrator administrator in writing within thirty (30) days of the first claim denial. Claimants The claimant(s) may review this Plan or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the provisions set forth in this Section 5.27.2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Kearny Financial Corp.)

Claims Procedure and Arbitration. In the event that benefits under this Plan is are not paid to Executive (or to his Beneficiary in the case of Executive’s death) and the claimant(s) such claimants feel he or they are entitled to receive the such benefits, then a written claim must be made to the Administrator within sixty (60) days from the date payments are refused. The Administrator shall review the written claim and, if the claim is denied, in whole or in part, it shall provide in writing, within thirty (30) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Plan or the Participation Agreement upon which the denial is based, and any additional material or information necessary for such claimants to perfect the claim. The written notice Such writing by the Administrator shall further indicate the additional steps which must be undertaken by claimants if an additional review of the claim denial is desired. If claimants desire a second review, they shall notify the Administrator in writing within thirty (30) days of the first claim denial. Claimants may review this Plan Plan, the Participation Agreement or any documents relating thereto and submit any issues and comments, in writing, they may feel appropriate. In its sole discretion, the Administrator shall then review the second claim and provide a written decision within thirty (30) days of receipt of such claim. This decision shall state the specific reasons for the decision and shall include reference to specific provisions of this Plan or the Participation Agreement upon which the decision is based. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the provisions set forth in this Section 5.2Section.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (First National Corp /Va/)

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