\n1.<\/strong><\/td>\nSection 4.1 is amended to delete the final sentence and
\nreplace it with the following: <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nThe Committee’s discretion with respect to this Excess Plan includes the
\nauthority to determine eligibility under all provisions, correct defects, supply
\nomissions, reconcile inconsistencies in plan, ensure benefits are paid in
\naccordance to the plan, interpret plan provisions for all Participants or
\nSurviving Spouses, and decide issues of credibility necessary to carry out and
\noperate the Plan. Benefits under this Excess Plan will be paid only if the
\nCommittee in its discretion decides that the applicant is entitled to them. All
\nactions, decisions, or interpretations of the Committee are conclusive, final,
\nand binding.<\/p>\n<\/p>\n \n\n\n2.<\/strong><\/td>\nThe following new Article VIII : Claims and Appeals is
\nadded: <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nARTICLE VIII : CLAIMS AND APPEALS<\/p>\n<\/p>\n \n\n\n| <\/td>\n | \n 8.1<\/p>\n<\/td>\n | \n If a claim by a Participant or Surviving Spouse is denied in whole or in
\npart, the Participant or Surviving Spouse, or their representative will receive
\nwritten notice from the plan administrator. This notice will include the reasons
\nfor denial, the specific Plan provision involved, an explanation of how claims
\nare reviewed, the procedure for requesting a review of the denied claim, and a
\ndescription of the information that must be submitted with the appeal. The
\nParticipant or Surviving Spouse, or their representative, may file a written
\nappeal for review of a denied claim to the Benefits Management Committee. The
\nprocess and the time frames for the determination claims and appeals are as
\nfollows:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n (a)<\/p>\n<\/td>\n | \n The plan administrator reviews initial claim and makes determination within
\n90 days of the date the claim is received.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n (b)<\/p>\n<\/td>\n | \n The plan administrator may extend the above 90-day period an additional 90
\ndays if required due to special circumstances beyond control of plan
\nadministrator.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n (c)<\/p>\n<\/td>\n | \n The Participant or Surviving Spouse, or their representative, may submit an
\nappeal of a denied claim within 60 days of receipt of the denial.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n (d)<\/p>\n<\/td>\n | \n The plan administrator reviews and makes a determination on the appeal within
\n60 days of the date the appeal was received.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 1<\/p>\n<\/p>\n
\n\n\n\n| <\/td>\n | \n (e)<\/p>\n<\/td>\n | \n The plan administrator may extend the above 60-day period an additional 60
\ndays if required by special circumstances beyond the control of the plan
\nadministrator.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n 8.2<\/p>\n<\/td>\n | \n In the case where the plan administrator requires an extension of the period
\nto provide a determination on an initial claim or an appeal, the plan will
\nnotify the Participant or Surviving Spouse, or their representative, prior to
\nthe expiration of the initial determination period. The notification will
\ndescribe the circumstances requiring the extension and the date a determination
\nis expected to be made. If additional information is required from the
\nParticipant or Surviving Spouse, the determination period will be suspended
\nuntil the earlier of i) the date the information is received by the plan
\nadministrator or ii) 45 days from the date the information was requested.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n| <\/td>\n | \n 8.3<\/p>\n<\/td>\n | \n Participants or Surviving Spouses, or their representative, who having
\nreceived an adverse appeal determination and thereby exhausted the remedies
\nprovided under the Excess Plan, proceed to file suit in state or federal court,
\nmust file such suit within 180 days from the date of the adverse appeal
\ndetermination notice.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n\n3.<\/strong><\/td>\nIn all other respects the Plan is ratified and
\nconfirmed. <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6617],"corporate_contracts_industries":[9453],"corporate_contracts_types":[9540,9539],"class_list":["post-38516","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-alcoa-inc","corporate_contracts_industries-manufacturing__fabrication","corporate_contracts_types-compensation__benefits","corporate_contracts_types-compensation"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38516"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38516"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38516"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | | | |