Dell 2003 Annual Report Download - page 70

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Employer while a Participant and an Employee to the extent such amounts are includable in gross income (but determined without
regard to the exclusions from gross income under Code Sections 931 and 933);
(ii) In the case of a Participant who is an employee within the meaning of Code Section 401(c)(1) and the Treasury regulations
thereunder, the Employee's earned income (as described in Code Section 401(c)(2) and the Treasury regulations thereunder)
determined without regard to the exclusions from gross income under Code Sections 931 and 933;
(iii) Foreign earned income (as defined in Code Section 911(b)) whether or not excludable from gross income;
(iv) Amounts described in Code Sections 104(a)(3), 105(a), and 105(h), but only to the extent these amounts are includable in the gross
income of the Participant;
(v) The value of a non-qualified stock option granted to the Participant by the Employer, but only to the extent that the value of the
option is includable in the gross income of the Participant for the taxable year in which it is granted;
(vi) The amount includable in the gross income of the Participant upon making an election described in section 83(b);
(vii) Elective contributions made on a Participant's behalf by the Employer that are not includable in income under Code Sections 125,
402(e)(3), 402(h), 403(b), or 457;
(viii) Any amounts that are not includable in the gross income of a Participant under a salary reduction agreement by reason of the
application of Code Section 132(f);
(ix) On the spot awards; and
(i) Noncash awards such as gifts and trips.
(2) All of the following items shall be excluded to the extent they would otherwise be included under Section 1.1(i)(1):
(i) Reimbursements and other expense allowances;
(ii) Cash and noncash fringe benefits;
(iii) Moving expenses; -2-