Common use of Timing of Plan Administrator Response Clause in Contracts

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

Appears in 3 contracts

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

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

Appears in 3 contracts

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

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