Dell 2007 Annual Report Download - page 134

ARTICLE III
Contributions
3.1.
Salary Reduction Contributions
(a) Basic Salary Reduction Contributions. For each Plan Year, the amount of the basic Salary Reduction Contribution to the Trust Fund will equal the
amount determined under this Section. Each Participant may elect to defer, in whole percentages, from 0% to 50% of his or her Annual Compensation,
but shall not elect to defer an amount to cause the Plan to violate the limitations of this Section or Code Section 415, or to exceed the applicable
maximum amount allowable as a deduction to the Employer or the Participating Employer under Code Section 404. A Participant may elect to defer
Annual Compensation under this Section only in an amount which the Participant otherwise could elect to receive in cash and which is currently
available to the Participant. Annual Compensation is not currently available to the Participant if the Participant is not eligible to receive it at the time of
the deferral election. The amounts by which a Participant elects to reduce Annual Compensation under this Plan shall be his Salary Reduction
Contribution. The Employer shall contribute to the Trust Fund the amount of the Salary Reduction Contributions which shall be treated as Employer
Contributions and credited to the Salary Reduction Contribution Account of each Participant.
(b) Catch-up Contributions. Notwithstanding the foregoing and pursuant to Appendix A.1.8, all Participants who are eligible to make basic Salary
Reduction Contributions under this Plan and who have attained age 50 before the close of the Plan Year shall be eligible to make Catch-up
Contributions in accordance with, and subject to the limitations of, Code Section 414(v). Such Catch-up Contributions shall not be taken into account
for purposes of the provisions of the Plan implementing the required limitations of Code Sections 402(g) and 415 and if not otherwise limited by such
sections may exceed the Plan's percentage limitation described in Section 3.1(a). The Plan shall not be treated as failing to satisfy the provisions of the
Plan implementing the requirements of Code Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b) or 416, as applicable, by reason of the making of such
Catch-up Contributions. The Participant's election under this paragraph shall be submitted as a separate Salary Reduction Election from the Participant's
deferral election for Salary Reduction Contributions.
(c) Salary Reduction Election
(i) The Employer and the Committee shall adopt a procedure necessary to implement the Salary Reduction Elections. Any contributions made pursuant
to a Salary Reduction Election shall not be made before the earlier of (1) the Participant's performance of Service with respect to which the
contribution is made and (2) when the compensation that is 1