Dell 2000 Annual Report Download - page 53

5.1 HYPOTHETICAL INVESTMENT OF ACCOUNTS. The Committee shall from time to
time select, add, and/or delete Investment Funds for purposes of the
hypothetical investment of Participants' Accounts. For purposes of
allocating earnings and losses and valuation of each Participant's
Accounts, each Participant's Accounts shall be deemed to be invested in
the Investment Funds. The Committee shall designate which Investment
Fund or Funds the Participant's Accounts shall be deemed to be
invested. The preceding notwithstanding, the Committee may, in its
discretion, permit one or more Participants, or any group of
Participants, to direct
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the hypothetical investment of all or any portion of their Accounts in
accordance with Section 5.2.
5.2 DESIGNATION OF INVESTMENT FUNDS.
(a) Each Participant shall designate, in accordance with the
procedures established from time to time by the Committee, the
manner in which the amounts credited to his Accounts over
which he has been given investment discretion by the Committee
shall be deemed to be invested from among the Investment
Funds. Such Participant may designate one of such Investment
Funds for the hypothetical investment of all the amounts
credited to such Accounts, or he may split the hypothetical
investment of the amounts credited to such Accounts between
such Investment Funds in such increments as the Committee may
prescribe. If a Participant fails to make a proper
designation, then his Accounts shall be deemed to be invested
in the Investment Fund or Investment Funds designated by the
Committee from time to time.
(b) A Participant may change his hypothetical investment
designation for future amounts to be credited to the portion
of his Accounts over which he has been given investment
discretion by the Committee. Any such change shall be made in
accordance with the procedures established by the Committee,
and the frequency of such changes may be limited by the
Committee.
(c) If the Committee elects to establish a hypothetical investment
fund that holds shares of the Company's common stock, a
Participant may elect to invest his Accounts in such fund. The
Committee may in its sole discretion refuse to recognize
Participant elections that it determines may cause the
Participant's Accounts to become subject to the short-swing
profit provisions of Section 16b of the Securities Exchange
Act of 1934 and establish special election procedures for
Participants subject to Section 16 of such Act.
(d) A Participant's hypothetical investment selections pursuant to
the immediately preceding paragraph shall be made solely for
purposes of crediting earnings and/or losses to his Accounts
under Section 4.3 of this Plan. The Committee shall not, in
any way, be bound to actually invest any amounts set aside
pursuant to Article X below to satisfy its obligations under
this Plan in accordance with such selections.
ARTICLE VI.
VESTED INTEREST
6.1 VESTING OF COMPENSATION DEFERRALS ACCOUNT. A Participant shall have a
100% Vested Interest in his Compensation Deferrals Account at all
times.
6.2 VESTING OF COMPANY CREDITS ACCOUNT.
(a) A Participant shall acquire a Vested Interest in his Company
Credits Account as such Participant completes years of Vesting
Service in accordance with the following schedule:
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YEARS OF VESTING SERVICE VESTED INTEREST
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Less than 1 year 0%
1 year 20%
2 years 40%
3 years 60%
4 years 80%
5 years or more 100%