Variable Option. [ X ] 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. [ X ] 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.
Variable Option. If Borrower elects to have a variable rate of interest apply to an Advance:
Variable Option. The Allocation Option available under the Variable Account. The Variable Option is shown on the Allocation Options Contract Schedule. No additions, eliminations, or substitutions of Variable Options will be made unless prior approval is obtained from the New York State Department of Financial Services. A Variable Option will always be available on an Index Anniversary under this contract. Purchase Payments
