Common use of Claims Procedure and Arbitration Clause in Contracts

Claims Procedure and Arbitration. In the event that benefits under this Agreement are not paid to the Executive (or to his Beneficiary 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 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 ninety (90) days of receipt of such claim, its specific reasons for such denial, reference to the provisions of this Agreement upon which the denial is based, and any additional material or information necessary to perfect the claim. 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.

Appears in 2 contracts

Samples: Executive Supplemental Retirement Income Agreement, Executive Supplemental Retirement Income Agreement

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Claims Procedure and Arbitration. In the event that benefits under this Agreement are not paid to the Executive (or to his Beneficiary 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 Administrator administrator named above within sixty thirty (6030) days from the date payments are refused. The Administrator administrator and its Board of Directors shall review the written claim and, if the claim is denied, in whole or in part, it they shall provide in writing, writing within ninety thirty (9030) days of receipt of such claim, its claim their specific reasons for such denial, reference to the provisions of this Agreement upon which the denial is based, based and any additional material or information necessary to perfect the claim. Such writing by the Administrator written notice shall further indicate the additional steps which must to be undertaken taken by claimants if an additional a further review of the claim denial is desired.

Appears in 2 contracts

Samples: Executive Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.), Executive Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.)

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Claims Procedure and Arbitration. In the event that benefits under this Agreement are not paid to the Executive (or to 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 Administrator administrator named above within sixty thirty (6030) days from the date payments are refused. The Administrator administrator and its Board of Directors shall review the written claim and, if the claim is denied, in whole or in part, it they shall provide in writing, writing within ninety thirty (9030) days of receipt of such claim, its claim their specific reasons for such denial, reference to the provisions of this Agreement upon which the denial is based, based and any additional material or information necessary to perfect the claim. Such writing by the Administrator written notice shall further indicate the additional steps which must to be undertaken taken by claimants if an additional a further review of the claim denial is desired.

Appears in 2 contracts

Samples: Executive Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.), Executive Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.)

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