Common use of Timing of Plan Administrator Response Clause in Contracts

Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) days (forty-five (45) days with respect to a claim for benefits due to the Executive’s Disability) after receiving the request for review. If the Plan Administrator (or Appeals Fiduciary) determines that special circumstances require additional time for processing the claim, the Plan Administrator (or Appeals Fiduciary) can extend the response period by an additional sixty (60) days (forty-five (45) days with respect to a claim for benefits due to the Executive’s Disability) by notifying the claimant in writing, prior to the end of such day period that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator (or Appeals Fiduciary) expects to render its decision.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

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Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) 90 days (forty-five (45) 45 days with respect to a claim for benefits due to the Executiveclaimant’s Disability) after receiving the request for reviewclaim. If the Plan Administrator (or Appeals Fiduciary) determines that special circumstances require additional time for processing the claim, the Plan Administrator (or Appeals Fiduciary) can extend the response period by an additional sixty (60) 90 days (forty-five (45) 30 days with respect to a claim for benefits due to the Executivea claimant’s Disability) by notifying the claimant in writing, prior to the end of such the initial 90-day period or 45-day period, as applicable, that an additional period is required. The With respect to a claim for benefits due to the claimant’s Disability, an additional extension of up to 30 days beyond the initial 30-day extension period may be required for processing. In such event, written notice of the extension shall be furnished to the claimant with the initial 30-day extension period. Any notice of extension must set forth the special circumstances requiring the extension of time and the date by which the Plan Administrator (or Appeals Fiduciary) expects to render its decision.

Appears in 3 contracts

Samples: Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn), Salary Continuation Agreement (First Security Group Inc/Tn)

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Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty ninety (6090) days after receiving the claim (forty-five (45) days with respect to a denial of any claim for benefits due to the Executive’s Disability) after receiving the request for review). If the Plan Administrator (or Appeals Fiduciary) determines that special circumstances require additional time for processing the claim, the Plan Administrator (or Appeals Fiduciary) can extend the response period by an additional sixty ninety (6090) days (forty-five thirty (4530) days with respect to a claim for benefits due to the Executive’s Disability) by notifying the claimant in writing, prior to the end of such day period initial period, that an additional period is required. With respect to a claim for benefits due to the Executive’s Disability, an additional extension of up to thirty (30) days beyond the initial 30-day extension period may be required for processing the claim. In such event, written notice of the extension shall be furnished to the claimant within the initial 30-day extension period. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator (or Appeals Fiduciary) expects to render its decision.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp), Supplemental Executive Retirement Plan Agreement (Habersham Bancorp)

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