Dell 2003 Annual Report Download - page 109
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(4) Required Minimum Distributions After a Participant's Death.
(A) Death On or After Date Distributions Begin.
(I) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a
designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the
Participant's death is the quotient obtained by dividing the Participant's account balance by the longer of the remaining life
expectancy of the Participant or the remaining life expectancy of the Participant's designated beneficiary, determined as follows:
(a) The Participant's remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one
for each subsequent year.
(b) If the Participant's surviving spouse is the Participant's sole designated beneficiary, the remaining life expectancy of the
surviving spouse is calculated for each distribution calendar year after the year of the Participant's death using the surviving
spouse's age as of the spouse's birthday in that year. For distribution calendar years after the year of the surviving spouse's
death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the
spouse's birthday in the calendar year of the spouse's death, reduced by one for each subsequent calendar year.
(c) If the Participant's surviving spouse is not the Participant's sole designated beneficiary, the designated beneficiary's
remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Participant's death,
reduced by one for each subsequent year.
(II) No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary
as of September 30 of the year after the year of the Participant's death, the minimum amount that will be distributed for each
distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's account
balance by the Participant's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by
one for each subsequent year. -41-