Special Diversified Liability Account Clause Samples

Special Diversified Liability Account a) At any time after the exercise of an Option as described in Section 2 and before the Distribution Date but no more than once each calendar quarter, the Executive may elect to convert (the "Conversion") all or a portion of the value of the Special Account into a credit value in the Special Account equal to the value so converted (less applicable FICA taxes). The converted value ("Converted Value") shall be represented by one or more Alternative Investments (as hereafter defined) selected by Executive. b) As a condition of a Conversion, the Executive shall select one or more of the investment opportunities listed in Appendix A of this Agreement (the "Alternative Investments") to measure the value of the Special Account as if such converted Special Account value had actually been invested in such Alternative Investments.