Common use of Denial of Claims Clause in Contracts

Denial of Claims. The decision of the Plan Administrator made under this Article will be final, subject only to the Executive’s rights to file a lawsuit under ERISA. Failure of the Executive to follow the Claims and Review Procedures of this Article, including meeting the deadlines set forth in those procedures, will result in a complete waiver by the Executive of the claim and forfeiture of the right to bring a lawsuit to enforce the claim under ERISA or state law.

Appears in 5 contracts

Samples: 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), 2018 Supplemental Executive Retirement Plan Agreement (Carolina Trust BancShares, Inc.), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.)

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