Dell 2003 Annual Report Download - page 91

except that, for purposes of valuation of the Participants' Accounts under Section 4.5, contributions shall be considered allocated to Participants' Accounts
only when received by the Trustee notwithstanding that this may be later than the last day of the Plan Year for which such contributions were made.
4.4 Application of Forfeitures. Any amounts that are forfeited under any provision hereof during a Plan Year shall be applied in the manner determined by
the Committee to reduce Employer Contributions or to pay expenses incident to the administration of the Plan and Trust. Prior to such application,
forfeited amounts shall be invested in the Investment Fund(s) designated from time to time by the Committee.
4.5 Valuation of Accounts. All amounts contributed to the Trust Fund shall be invested as soon as administratively feasible following their receipt by the
Trustee, and the balance of each Account shall reflect the result of daily pricing of the assets in which such Account is invested from the time of receipt by
the Trustee until the time of distribution. Such daily pricing shall include the valuation of assets of the Investment Funds in which each such Account is
invested, the earnings and losses attributable to such Investment Fund allocable to each such Account, and the payment of any expenses or fees charged
against each such Account. In the case of any contributions temporarily held in suspense pursuant to Section 4.1, any earnings (or losses) attributable to
such contributions during such period of suspension shall be allocated to the Accounts of Participants receiving an allocation of such contributions under
any reasonable allocation method determined by the Committee.
4.6 Code Section 415 Limitations and Corrections.
(a) Contrary Plan provisions notwithstanding, in no event shall the Annual Additions credited to a Participant's Accounts for any Limitation Year
exceed the Maximum Annual Additions for such Participant for such year. For purposes of determining whether the Annual Additions under this
Plan exceed the limitations herein provided, all defined contribution plans of the Employer are to be treated as one defined contribution plan. In
addition, all defined contribution plans of Controlled Entities (as defined in Subsection 4.6(c)) shall be aggregated for this purpose.
(b) If as a result of a reasonable error in estimating a Participant's compensation, a reasonable error in determining the amount of elective deferrals
(within the meaning of Code Section 402(g)(3)) that may be made with respect to any individual under the limits of Code Section 415, or because of
other limited facts and circumstances, the Annual Additions that would be credited to a Participant's Accounts for a Limitation Year would
nonetheless exceed the Maximum Annual Additions for such Participant for such year, the excess Annual Additions that, but for this Section, would
have been allocated to such Participant's Accounts shall be disposed of as follows:
(1) First, any such excess Annual Additions in the form of Salary Reduction Contributions on behalf of such Participant that would not have been
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