Common use of Claims Procedure and Arbitration Clause in Contracts

Claims Procedure and Arbitration. In the event a dispute arises over benefits under this Executive Plan and benefits are not paid to the Executive (or to the Executive’s beneficiary(ies) in the case of the Executive’s death) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Named Fiduciary and Plan Administrator named above within forty-five (45) days from the date payments are refused. The Named Fiduciary and Plan Administrator shall review the written claim and if the claim is denied, in whole or in part, they shall provide in writing within forty-five (45) days of receipt of such claim the specific reasons for such denial, reference to the provisions of this Executive Plan upon which the denial is based and any additional material or information necessary to perfect the claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. A claim shall be deemed denied if the Named Fiduciary and Plan Administrator fail to take any action within the aforesaid forty-five(45)day period. If claimants desire a second review they shall notify the Named Fiduciary and Plan Administrator in writing within forty-five (45) days of the first claim denial. Claimants may review this Executive Plan or any documents relating thereto and submit any written issues and comments they may feel

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (ESSA Bancorp, Inc.), Executive Salary Continuation Agreement (ESSA Bancorp, Inc.)

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Claims Procedure and Arbitration. In the event a dispute arises over benefits under this Executive Plan and benefits are not paid to the Executive (or to the Executive’s 's beneficiary(ies) in the case of the Executive’s 's death) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Named Fiduciary and Plan Administrator named above within forty-five sixty (4560) days from the date payments are refused. The Named Fiduciary and Plan Administrator shall review the written claim and if the claim is denied, in whole or in part, they shall provide in writing within forty-five sixty (4560) days of receipt of such claim the its specific reasons for such denial, reference to the provisions of this Executive Plan upon which the denial is based and any additional material or information necessary to perfect the claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. A claim shall be deemed denied if the Named Fiduciary and Plan Administrator fail to take any action within the aforesaid forty-five(45)day sixty- day period. If claimants desire a second review they shall notify the Named Fiduciary and Plan Administrator in writing within forty-five sixty (4560) days of the first claim denial. Claimants may review this Executive Plan or any documents relating thereto and submit any written issues and comments they it may feel

Appears in 1 contract

Samples: Executive Agreement (Community Trust Financial Services Corporation)

Claims Procedure and Arbitration. In the event a dispute arises over benefits under this Executive Plan and benefits are not paid to the Executive (or to the Executive’s 's beneficiary(ies) in the case of the Executive’s 's death) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Named Fiduciary and Plan Administrator named above within forty-five sixty (4560) days from the date payments are refused. The Named Fiduciary and Plan Administrator shall review the written claim and if the claim is denied, in whole or in part, they shall provide in writing within forty-five sixty (4560) days of receipt of such claim the specific reasons for such denial, reference to the provisions of this Executive Plan upon which the denial is based and any additional material or information necessary to perfect the claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. A claim shall be deemed denied if the Named Fiduciary and Plan Administrator fail to take any action within the aforesaid fortysixty-five(45)day day period. If claimants desire a second review they shall notify the Named Fiduciary and Plan Administrator in writing within forty-five sixty (4560) days of the first claim denial. Claimants may review this Executive Plan or any documents relating thereto and submit any written issues and comments they it may feel

Appears in 1 contract

Samples: Agreement (Bucs Financial Corp)

Claims Procedure and Arbitration. In the event a dispute arises over that benefits under this Executive Plan and benefits Agreement are not paid to the Executive (or to the Executive’s beneficiary(ies) his beneficiary in the case of the Executive’s 's death) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Named Fiduciary and Plan Administrator named above within forty-five sixty (4560) days from the date payments are refused. The Named Plan Fiduciary and Plan Administrator and the Corporation shall review the written claim and if the claim is denied, in whole or in part, they shall provide in writing within forty-five ninety (4590) days of receipt of such claim the their specific reasons for such denial, reference to the provisions of this Executive Plan Agreement upon which the denial is based and any additional material or information necessary to perfect the claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. A claim shall be deemed denied if the Named Plan Fiduciary and Plan Administrator fail fails to take any action within the aforesaid forty-five(45)day ninety (90) day period. If claimants desire a second review review, they shall notify the Named Plan Fiduciary and Plan Administrator Administration in writing within forty-five sixty (4560) days of the first claim denial. Claimants may review this Executive the Plan Agreement or any documents relating thereto and submit any written issues and comments they may feelfeel appropriate. In its sole discretion, the Plan Fiduciary and Administrator shall then review the second claim and provide a written decision within sixty (60) days of receipt of such claim. This decision shall likewise state the specific reasons for the

Appears in 1 contract

Samples: Salary Continuation Agreement (Savings Bancorp Inc)

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Claims Procedure and Arbitration. In the event a dispute arises over benefits under this Executive Plan and benefits are not paid to the Executive (or to the Executive’s beneficiary(ies) in the case of the Executive’s death) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Named Fiduciary and Plan Administrator named above within forty-five sixty (4560) days from the date payments are refused. The Named Fiduciary and Plan Administrator shall review the written claim and if the claim is denied, in whole or in part, they shall provide in writing within forty-five sixty (4560) days of receipt of such claim the specific reasons for such denial, reference to the provisions of this Executive Plan upon which the denial is based and any additional material or information necessary to perfect the claim. Such written notice shall further indicate the additional steps to be taken by claimants if a further review of the claim denial is desired. A claim shall be deemed denied if the Named Fiduciary and Plan Administrator fail to take any action within the aforesaid forty-five(45)day sixty (60) day period. If claimants desire a second review they shall notify the Named Fiduciary and Plan Administrator in writing within forty-five sixty (4560) days of the first claim denial. Claimants may review this Executive Plan or any documents relating thereto and submit any written issues and comments they it may feel

Appears in 1 contract

Samples: Executive Supplemental Retirement (Bank of Granite Corp)

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