Common use of Fixed Option Clause in Contracts

Fixed Option. The Employer shall contribute to the Fund an amount equal to % of the total covered Compensation of all Participants for the Valuation Period. The Employer contribution shall be allocated in the proportion which the Compensation of each such Participant for such Valuation Period bears to the Compensation paid to all such Participants for such Valuation Period. [ ] Variable Option. [ ] The Employer intends to make a contribution to the Plan for the benefit of the Participants for each Valuation Period. The contribution may be varied from year to year by the Employer. (Select one option below) [ ] Option A: The Employer contribution shall be allocated in the proportion that each such Participant’s total points awarded bear to the total points awarded to all Participants with respect to such year. A Participant shall be awarded one point for each Year of Service. [ ] Option B: The Employer contribution shall be allocated in the proportion which the Compensation of each such Participant for such Valuation Period bears to the Compensation paid to all such Participants for such Valuation Period. [ ] Option C: A combination of Options A and B in the following ratios: % for Option A, and % for Option B. [ ] 401(k) Option. (This Option available only if elected prior to May 1, 1986) [ ] Participant Deferral Elections shall be allowed under the provisions of Section 4.8 of the Plan. Participants shall be allowed to defer no more than % of their Compensation for each election period. [ ] Section 4.8(d) of the Plan (“▇▇▇▇ Elective Deferrals”) shall apply to contributions after [ ] Matching Contribution Option. The Employer shall contribute to the Fund an amount equal to