Dell 2007 Annual Report Download - page 120
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A married Participant's Beneficiary designation is not valid unless the Participant's spouse consents, in writing, to the Beneficiary designation. The
spouse's consent must acknowledge the effect of that consent and a notary public or the Administrator (or Plan representative) must witness that
consent. The spousal consent requirements of this Subsection do not apply if:
(i) the Participant and spouse are not married throughout the one year period ending on the date of the Participant's death;
(ii) the Participant's spouse is the Participant's sole primary beneficiary;
(iii) the Administrator is not able to locate the Participant's spouse;
(iv) the Participant is legally separated or has been abandoned (within the meaning of State law) and the Participant has a court order to that effect; or
(v) other circumstances exist under which the Secretary of the Treasury will excuse the consent requirement.
If the Participant's spouse is legally incompetent to give consent, the spouse's legal guardian (even if the guardian is the Participant) may give consent.
(c) Unless elected in accordance with Subsection (d) below, a Participant's Beneficiary shall be his spouse. Notwithstanding the foregoing, the Participant
may designate a Beneficiary other than the spouse if
(i) the Participant has no spouse; or
(ii) the spouse cannot be located.
(d) In the case of a married Participant or Former Participant, the designation of a non-spouse as Beneficiary shall be valid only if:
(i) the spouse consents in writing to the designation;
(ii) the designation specifies the beneficiary and the method of payment of benefits and may not be changed without spousal consent (or the spouse's
consent expressly permits designations by the Participant without any requirement of further spousal consent); and
(iii) the spouse's consent acknowledges the effect of the election and the written consent is witnessed by a Plan representative or by a Notary Public.
(e) If a Participant dies without a spouse or alternative Beneficiary surviving; if the alternative Beneficiary (other than the spouse) does not survive until
final distribution of the Participant's balance; if a Participant who is not married dies
6