AND DISTRIBUTE INFORMATION EXPLAINING THE PLAN;
7.2.4.
TO RECEIVE FROM THE BANK AND FROM PARTICIPANTS, BENEFICIARIES AND
ALTERNATE PAYEES SUCH INFORMATION AS SHALL BE NECESSARY FOR THE PROPER
ADMINISTRATION OF THE PLAN;
7.2.5.
TO FURNISH THE BANK OR THE BOARD OF DIRECTORS, UPON REQUEST, SUCH
REPORTS WITH RESPECT TO THE ADMINISTRATION OF THE PLAN AS ARE REASONABLE AND
APPROPRIATE;
7.2.6.
TO APPOINT OR EMPLOY ADVISORS, INCLUDING LEGAL AND ACTUARIAL
COUNSEL (WHO MAY ALSO BE COUNSEL TO THE BANK) TO RENDER ADVICE WITH REGARD TO
ANY RESPONSIBILITY OF THE COMMITTEE UNDER THE PLAN OR TO ASSIST IN THE
ADMINISTRATION OF THE PLAN;
7.2.7.
TO DESIGNATE IN WRITING OTHER PERSONS TO CARRY OUT A SPECIFIED PART
OR PARTS OF ITS RESPONSIBILITIES HEREUNDER (INCLUDING THIS POWER TO DESIGNATE
OTHER PERSONS TO CARRY OUT A PART OF SUCH DESIGNATED RESPONSIBILITY). ANY SUCH
PERSON MAY BE REMOVED BY THE COMMITTEE AT ANY TIME WITH OR WITHOUT CAUSE;
7.2.8.
TO RULE ON CLAIMS, AND TO DETERMINE THE VALIDITY OF DOMESTIC
RELATIONS ORDERS AND COMPLY WITH SUCH ORDERS; AND
7.2.9.
ALL RULES, ACTIONS, INTERPRETATIONS AND DECISIONS OF THE COMMITTEE
ARE CONCLUSIVE AND BINDING ON ALL PERSONS, AND SHALL BE GIVEN THE MAXIMUM
POSSIBLE DEFERENCE ALLOWED BY LAW.
14
7.3
RULES OF THE ADMINISTRATOR.
THE ADMINISTRATOR MAY ADOPT SUCH
RULES AS IT DEEMS NECESSARY, DESIRABLE OR APPROPRIATE. WHEN MAKING A
DETERMINATION OR CALCULATION, THE ADMINISTRATOR SHALL BE ENTITLED TO RELY UPON
INFORMATION FURNISHED BY A PARTICIPANT OR BENEFICIARY, THE BANK, THE LEGAL
COUNSEL OF THE BANK, OR SUCH OTHER PERSON AS IT DEEMS APPROPRIATE, AND SHALL
FURTHER BE ENTITLED TO RELY CONCLUSIVELY UPON ALL TABLES, VALUATIONS,
CERTIFICATES, OPINIONS AND REPORTS FURNISHED BY ANY ACTUARY, ACCOUNTANT,
CONTROLLER, COUNSEL OR OTHER PERSON EMPLOYED OR ENGAGED BY THE BANK WITH RESPECT
TO THE PLAN.
7.4
CLAIMS PROCEDURE.
ANY PERSON WHO BELIEVES THAT HE OR SHE IS THEN
ENTITLED TO RECEIVE A BENEFIT UNDER THE PLAN MAY FILE A CLAIM IN WRITING WITH
THE ADMINISTRATOR.
EXCEPT TO THE EXTENT THE COMMITTEE ADOPTS AN ALTERNATE
PROCEDURE FOR THE REVIEW OF CLAIMS, THE PROCEDURES IN THIS SECTION 7.4 SHALL
APPLY.
THE ADMINISTRATOR SHALL, WITHIN NINETY (90) DAYS OF THE RECEIPT OF A
CLAIM, EITHER ALLOW OR DENY THE CLAIM IN WRITING.
A DENIAL OF A CLAIM SHALL BE
WRITTEN IN A MANNER CALCULATED TO BE UNDERSTOOD BY THE CLAIMANT AND SHALL
INCLUDE: (A) THE SPECIFIC REASON OR REASONS FOR THE DENIAL; (B) SPECIFIC
REFERENCES TO PERTINENT PLAN PROVISIONS ON WHICH THE DENIAL IS BASED; (C) A
DESCRIPTION OF ANY ADDITIONAL MATERIAL OR INFORMATION NECESSARY FOR THE CLAIMANT
TO PERFECT THE CLAIM AND AN EXPLANATION OF WHY SUCH MATERIAL OR INFORMATION IS
NECESSARY; AND (D) AN EXPLANATION OF THE PLAN'S CLAIM REVIEW PROCEDURE.
A
CLAIMANT WHOSE CLAIM IS DENIED (OR HIS OR HER DULY AUTHORIZED REPRESENTATIVE)
MAY, WITHIN SIXTY (60) DAYS AFTER RECEIPT OF DENIAL OF THE CLAIM: (1) SUBMIT A
WRITTEN REQUEST FOR REVIEW TO THE COMMITTEE; (2) REVIEW PERTINENT DOCUMENTS; AND
(3) SUBMIT ISSUES AND COMMENTS IN WRITING.
THE ADMINISTRATOR SHALL NOTIFY