Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim (forty-five (45) days with respect to a denial of any claim for benefits due to the Executive’s Disability). 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 ninety (90) days (thirty (30) 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 initial period, that an additional period is required. With respect to a claim for benefits due to the Executive’s Disability, an additional extension of up to thirty (30) days beyond the initial 30-day extension period may be required for processing the claim. In such event, written notice of the extension shall be furnished to the claimant within the initial 30-day extension period. The notice of extension must set forth the special circumstances 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)
Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety 90 days (90) days after receiving the claim (forty-five (45) 45 days with respect to a denial of any claim for benefits due to the Executiveclaimant’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 ninety (90) 90 days (thirty (30) 30 days with respect to a claim for benefits due to the Executivea claimant’s Disability) by notifying the claimant in writing, prior to the end of such 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 Executiveclaimant’s Disability, an additional extension of up to thirty (30) 30 days beyond the initial 30-day extension period may be required for processing the claimprocessing. In such event, written notice of the extension shall be furnished to the claimant within with the initial 30-day extension period. The 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)