Dell 2007 Annual Report Download - page 135

subject to the election would be currently available to the Employee in the absence of an election to defer.
(ii) A Participant's Salary Reduction Election shall remain in force and effect for all periods following its implementation until modified or revoked by
the Participant. The Employer shall permit a Participant to modify or revoke his Salary Reduction Election as of any calendar day during the Plan
Year, such change to become effective as soon as administratively feasible thereafter. A Participant may file a new Salary Reduction Election as of
any calendar day during the Plan Year.
(iii) Salary Reduction Contributions means for any taxable year the sum of:
(A) any Employer contribution under a qualified cash or deferred arrangement defined in Code Section 401(k), determined without regard to the
dollar limitation under Code Section 402(g);
(B) any Employer contribution under a simplified employee pension as defined in Code Section 408(k)(6), pursuant to a salary reduction agreement;
and
(C) any employer contribution toward the purchase of a tax sheltered annuity contract as defined in Code Section 403(b), if any, pursuant to a salary
reduction agreement.
Salary Reduction Contributions shall not include any deferrals properly distributed as excess Annual Additions.
(d) Annual Dollar Limit on Salary Reduction Contributions. A Participant's Salary Reduction Contributions under Section 3.1(a) shall not exceed the
statutory dollar limitation under Code Section 402(g) for the taxable year of the Participant. The statutory dollar limitation is the amount of the dollar
limitation under Code Section 402(g) in effect on January 1 of each calendar year, as adjusted annually by the Secretary of the Treasury ($15,500 for
2007). "Excess Salary Deferrals" are Salary Reduction Contributions that exceed the statutory dollar limitation and are includable in a Participant's
gross income under Code Section 402(g). Excess Salary Deferrals shall be treated as Annual Additions under the Plan, unless such amounts are
distributed no later than the first April 15 following the close of the Participant's taxable year.
(i) If the statutory dollar limitation under Code Section 402(g) is exceeded, the Committee shall direct the Trustee to distribute the Excess Salary
Deferrals, and any income or loss allocable to the Excess Salary Deferrals, to the Participant not later than the first April 15 following the close of
the Participant's taxable year.
(ii) If there is a loss allocable to a Participant's Excess Salary Deferral, the distribution shall in no event be less than the lesser of the Participant's
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