Common use of Special Diversified Liability Account Clause in Contracts

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.

Appears in 11 contracts

Samples: Compensation Agreement (Bok Financial Corp Et Al), Compensation Agreement (Bok Financial Corp Et Al), Compensation Agreement (Bok Financial Corp Et Al)

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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 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.

Appears in 1 contract

Samples: Compensation Agreement (Bok Financial Corp Et Al)

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