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