Common use of Decision on Review Clause in Contracts

Decision on Review. The Named Fiduciary (or its designee) will render a decision upon review of a denied claim within 60 days after receipt of a request for review. If special circumstances warrant additional time, the decision will be rendered as soon as possible, but not later than 120 days after receipt of request for review. Written notice of any such extension will be furnished to the Claimant prior to the commencement of the Extension. The decision on review will be in writing and will include specific reasons for the decision, written in a manner calculated to be understood by the Claimant, as will as specific references to the pertinent provisions of the Plan on which the decision is based. If the decision on review is not furnished to the Claimant within the time limits prescribed above, the claim will be deemed denied on review.

Appears in 8 contracts

Samples: Split Dollar Endorsement Agreement (New England Bancshares, Inc.), Split Dollar Endorsement Agreement (New England Bancshares, Inc.), Split Dollar Endorsement Agreement (New England Bancshares, Inc.)

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Decision on Review. The Named Fiduciary (or its designee) will render a decision upon review of a denied claim within 60 days after receipt of a request for review. If special circumstances warrant additional time, the decision will be rendered as soon as possible, but not later than 120 days after receipt of request for review. Written notice of any such extension will be furnished to the Claimant prior to the commencement of the Extension. The decision on review will be in writing and will include specific reasons for the decision, written in a manner calculated to be understood by the Claimant, as will well as specific references to the pertinent provisions of the Plan on which the decision is based. If the decision on review is not furnished to the Claimant within the time limits prescribed above, the claim will be deemed denied on review.

Appears in 4 contracts

Samples: Split Dollar Endorsement Agreement (Prudential Bancorp, Inc.), Split Dollar Endorsement Agreement (Prudential Bancorp, Inc.), Split Dollar Endorsement Agreement (Prudential Bancorp, Inc.)

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