Dell 2003 Annual Report Download - page 97
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(2) Costs directly related to the purchase of a principal residence of the Participant (excluding mortgage payments);
(3) Payment of tuition and related educational fees, and room and board expenses, for the next twelve months of post-secondary education for the
Participant or the Participant's spouse, children, or dependents (as defined in Code Section 152);
(4) Payments necessary to prevent the eviction of the Participant from his principal residence or the foreclosure on the mortgage of the Participant's
principal residence; or
(5) Such other financial needs that the Commissioner of Internal Revenue may deem to be immediate and heavy financial needs through the
publication of revenue rulings, notices, and other documents of general applicability.
(c) The above Subsections of this Section notwithstanding, in addition to the restrictions on all in-service withdrawals set forth in Section 6.3, the
following restrictions on financial hardship withdrawals under this Section shall apply:
(1) Withdrawals under this Section from a Participant's Salary Reduction Contribution Account shall be limited to the sum of the Participant's
Salary Reduction Contributions to the Plan, plus income allocable thereto and credited to the Participant's Salary Reduction Account as of
December 31, 1988, less any previous withdrawals of such amounts;
(2) Employer Contributions used to satisfy the restrictions set forth in Subsection 3.1(f), and income allocable thereto, shall not be subject to
withdrawal under this Section; and
(3) A Participant who makes a withdrawal from his Salary Reduction Contribution Account under this Section may not make elective contributions
or employee contributions to the Plan or any other qualified or nonqualified plan of the Employer or any Controlled Entity for a period of six
months following the date of such withdrawal.
6.3 Restrictions on In-Service Withdrawals.
(a) All withdrawals pursuant to this Article shall be made only in the manner and within the time prior to the proposed date of withdrawal prescribed by
the Committee.
(b) No withdrawal shall be made from an Account to the extent such Account has been pledged to secure a loan from the Plan.
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