Common use of Review Procedure Clause in Contracts

Review Procedure. If the Claimant is determined by the Bank to be ineligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 8 contracts

Samples: Salary Continuation Agreement (Bank of Wilmington CORP), Salary Continuation Agreement (Bank of Wilmington CORP), Endorsement Split Dollar Agreement (Bank of Wilmington CORP)

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Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Omega Financial Corp /Pa/), Supplemental Compensation and Amendment Agreement (United Bancorporation of Alabama Inc), Salary Continuation Agreement (Omega Financial Corp /Pa/)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 7 contracts

Samples: Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP)

Review Procedure. If the Bank determines that the Claimant is determined by the Bank to be ineligible not eligible for benefits or full benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such his or her claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the written notice issued by the Bank. Said The Claimant’s petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after the Bank’s receipt by the Bank of the petition, the Bank shall afford give the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its the Bank’s decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant decision and identifying the specific provisions of the this Split Dollar Agreement and Endorsement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the Bank, but notice of this deferral shall must be given to the Claimant.

Appears in 7 contracts

Samples: Split Dollar Agreement (Central Valley Community Bancorp), Split Dollar Agreement (Central Valley Community Bancorp), Split Dollar Agreement (Central Valley Community Bancorp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 7 contracts

Samples: Executive Deferred Compensation Agreement (North Valley Bancorp), Director Indexed Retirement Agreement (Home Federal Bancorp Inc), Executive Deferred Compensation Agreement (North Valley Bancorp)

Review Procedure. If the Claimant is determined by the Bank to be ineligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said The petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford give the Claimant (and counsel, if any) an the opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its the Bank’s decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and identifying the specific provisions of the Agreement on which the decision is based. If, If because of the need for a hearing, hearing the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Director Elective Income Deferral Agreement (Cape Fear Bank CORP), Director Elective Income Deferral Agreement (Cape Fear Bank CORP), Director Elective Income Deferral Agreement (Cape Fear Bank CORP)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Split Dollar Agreement (BANKshares Inc), Split Dollar Agreement (BANKshares Inc), Split Dollar Agreement (BANKshares Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\), Executive Bonus Deferral Agreement (Columbia Bancorp \Or\)

Review Procedure. If the Claimant is determined by the Bank Company to be ineligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said The petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford give the Claimant (and counsel, if any) an the opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its the Company’s decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and identifying the specific provisions of the Agreement on which the decision is based. If, If because of the need for a hearing, hearing the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally orally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 5 contracts

Samples: Director Emeritus Agreement (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp), Director Emeritus Agreement (Riverview Financial Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or Company in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 4 contracts

Samples: Split Dollar Agreement (Cooperative Bankshares Inc), Director Retirement Agreement (Cooperative Bankshares Inc), Director Deferred Fee Agreement (Cooperative Bankshares Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such the claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank’s notice. Said The petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after the Bank’s receipt by the Bank of the petition, the Bank shall afford give the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its the Bank’s decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant Claimant, and the specific provisions of the this Amended Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 4 contracts

Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which reasons that the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the sixty (60-) day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60-) day period is not sufficient, the decision may be deferred for up to another 60 sixty (60) days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 3 contracts

Samples: Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares)

Review Procedure. If the Claimant claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant claimant believes that he or she claimant is entitled to greater or different benefits, the Claimant claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant claimant believes entitle him or her claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant claimant (and counsel, if any) an opportunity to present his or her claimant’s position to the Bank verbally orally or in writing, and the Claimant claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant claimant of its decision in writing within the sixty (60-) day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60-) day period is not sufficient, the decision may be deferred for up to another 60 days sixty (60) day period at the election of the Bank, but notice of this deferral shall be given to the Claimantclaimant.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc), Salary Continuation Agreement (Greer Bancshares Inc)

Review Procedure. If the Bank determines that the Claimant is determined by the Bank to be ineligible not eligible for benefits or full benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such his or her claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the written notice issued by the Bank. Said The Claimant's petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after the Bank's receipt by the Bank of the petition, the Bank shall afford give the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its the Bank's decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant decision and identifying the specific provisions of the this Split Dollar Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the Bank, but notice of this deferral shall must be given to the Claimant.

Appears in 3 contracts

Samples: Split Dollar Agreement (Unb Corp/Oh), Split Dollar Agreement (Fc Banc Corp), Key Man Split Dollar Agreement (Unb Corp/Oh)

Review Procedure. If the Claimant is determined by the Bank Plan Administrator not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall will have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall will state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall Plan Administrator will afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall will have the right to review the pertinent documents. The Bank shall Plan Administrator will notify the Claimant of its the Plan Administrator’s decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankPlan Administrator, but notice of this deferral shall will be given to the Claimant.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Retirement Agreement (Citizens South Banking Corp), Director Retirement Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or Company in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Retirement Agreement (Cooperative Bankshares Inc), Executive Indexed Retirement Agreement (Cooperative Bankshares Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of of, the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Wesbanco Inc), Salary Continuation Agreement (Wesbanco Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle entitles him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement this Plan on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 sixty (60) days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Group Term Carve Out Plan (Cortland Bancorp Inc), Group Term Carve Out Plan (Unb Corp/Oh)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she Claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her entitles Claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally, or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-60 day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Federal Trust Corp), Salary Continuation Agreement (Federal Trust Corp)

Review Procedure. If the Claimant is determined by the Bank Corporation not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Corporation by filing a petition for review with the Bank Corporation within 60 days after receipt of the notice issued by the BankCorporation. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Corporation of the petition, the Bank Corporation shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or Corporation in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Corporation shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement Plan on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCorporation, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Split Dollar Life Insurance Plan (Heartland Financial Usa Inc), Split Dollar Life Insurance Plan (Heartland Financial Usa Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Amended Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)

Review Procedure. If the Claimant beneficiary is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant beneficiary believes that he or she is entitled to greater or different benefits, the Claimant beneficiary shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant beneficiary believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty days after receipt by the Bank of the petition, the Bank shall afford the Claimant beneficiary (and counsel, if any) an opportunity to present his or her position to the Bank verbally orally or in writing, and the Claimant beneficiary (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant beneficiary of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant beneficiary and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimantbeneficiary.

Appears in 2 contracts

Samples: Directors’ Fee Deferral Agreement (Sandy Spring Bancorp Inc), Director Fee Deferral Agreement (Sandy Spring Bancorp Inc)

Review Procedure. If the Claimant claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant claimant believes that he or she claimant is entitled to greater or different benefits, the Claimant claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 sixty (60) days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant claimant believes entitle him or her claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant claimant (and counsel, if any) an opportunity to present his or her claimant's position to the Bank verbally Company orally or in writing, and the Claimant claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant claimant of its decision in writing within the sixty (60-) day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60-) day period is not sufficient, the decision may be deferred for up to another 60 days sixty (60) day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimantclaimant.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/)

Review Procedure. If the Bank determines that the Claimant is determined by the Bank to be ineligible not eligible for benefits or full benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such his or her claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the written notice issued by the Bank. Said The Claimant's petition shall state the specific reasons, which reasons the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after the Bank's receipt by the Bank of the petition, the Bank shall afford give the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its the Bank's decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant decision and identifying the specific provisions of the Agreement on which the Bank's decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall must be given to the Claimant.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Fc Banc Corp), Salary Continuation Agreement (Unb Corp/Oh)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Split Dollar Agreement (Home Federal Bancorp Inc), Split Dollar Agreement (West Pointe Bancorp Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or Of different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Split Dollar Agreement, Split Dollar Agreement (BANKshares Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or Company in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Deferred Fee Agreement (Cooperative Bankshares Inc), Director Deferred Fee Agreement (Cooperative Bankshares Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 2 contracts

Samples: Director Deferred Compensation Agreement (Newmil Bancorp Inc), Director Deferred Compensation Agreement (Newmil Bancorp Inc)

Review Procedure. If the Claimant claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally orally or in writing, and the Claimant claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant claimant of its decision decision, in writing writing, within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Emeritus Agreement (First Perry Bancorp, Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Officer Group Term Replacement Plan (First Community Financial Corp)

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Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the sixty (60-) day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of for the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60-) day period is not sufficient, the decision may be deferred for up to another 60 sixty (60) days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Central Valley Community Bancorp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she Claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her entitles Claimant to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally, or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Salary Continuation Agreement (Federal Trust Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 353 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 329 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally orally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (California Independent Bancorp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Split Dollar Agreement (Southside Bancshares Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant. Amendments and Termination This Agreement may not be amended or modified other than by a written agreement executed by the parties hereto or their respective successors and legal representatives.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (South Financial Group Inc)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day clay period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Split Dollar Agreement (BANKshares Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 365 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.. Article 9

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant claimant believes that he or she claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her Claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally or in writing, and the Claimant (or and counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its it’s decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (First Perry Bancorp, Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which reasons that the Claimant believes entitle entitles him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after the receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position positions to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60-) day period is not sufficient, the decision may be deferred for up to another 60 sixty (60) days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Retirement Agreement (American River Bankshares)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she Claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her Claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally, or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-60 day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Salary Continuation Agreement (Federal Trust Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 401 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 sixty (60) days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the entitle Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her Claimant's position to the Bank verbally Company orally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (National Penn Bancshares Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 317 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and 305 counsel, if any) an opportunity to present his or her position to the Bank verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Bank verbally orally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant. The terms of this Section do not limit the ability of either party to pursue a claim in court or through arbitration.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Tompkins Trustco Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant claimant believes that he or she claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her Claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally or in writing, and the Claimant (or and counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60sixty-day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Riverview Financial Corp)

Review Procedure. If the Claimant is determined by the Bank Company not to be ineligible eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such its claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 days after receipt of the notice issued by the BankCompany. Said The petition shall state the specific reasons, which reasons the Claimant believes entitle him or her it is entitled to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her its position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its the Company's decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner to be understood by the Claimant Claimant, and the specific provisions of the this Split Dollar Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days 60-day period at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Split Dollar Agreement (Cortland Bancorp Inc)

Review Procedure. If the Claimant is determined by the Bank not to be ineligible eligible for benefits, or if the Claimant believes that he or she Claimant is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within 60 sixty (60) days after receipt of the notice issued by the Bank. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her entitles Claimant to benefits or to greater or different benefits. Within 60 sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his or her Claimant’s position to the Bank verbally orally, or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the 60sixty-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the 60-60 day period is not sufficient, the decision may be deferred for up to another 60 days sixty-day period at the election of the Bank, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Salary Continuation Agreement (Federal Trust Corp)

Review Procedure. If the Claimant is determined by the Bank to be ineligible Company not tobe eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank Company by filing a petition for review with the Bank Company within 60 64 days after receipt of the notice issued by the BankCompany. Said petition shall state the specific reasons, reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. Within 60 days after receipt by the Bank Company of the petition, the Bank Company shall afford the Claimant (and counsel, if any) an opportunity to present presort his or her position to the Bank Company verbally or in writing, and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank Company shall notify the Claimant of its decision in writing within the 60-day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the Claimant and the specific provisions of the this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day period is not sufficient, the decision may be deferred for up to another 60 days at the election of the BankCompany, but notice of this deferral shall be given to the Claimant.

Appears in 1 contract

Samples: Split Dollar Agreement (Pinnacle Financial Corp)

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