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 60 days (45 days with respect to a claim for benefits due to the claimant’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 60 days (45 days with respect to a claim for benefits due to the claimant’s Disability) by notifying the claimant in writing, prior to the end of 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

Sources: 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 in writing to such claimant within 60 sixty (60) days (45 forty-five (45) days with respect to a claim for benefits due to the claimantExecutive’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 60 sixty (60) days (45 forty-five (45) days with respect to a claim for benefits due to the claimantExecutive’s Disability) by notifying the claimant in writing, prior to the end of the initial 60-such 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

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