Dell 2007 Annual Report Download - page 146

defined in Code Section 419A(d)(3), under a welfare benefit fund, as described in Code Section 419(e), maintained by the Employer,
Participating Employer, and any Related Employers; and
(H) allocations under a simplified employee pension plan.
(ii) 415 Compensation means the total amount of salary, wages, commissions, bonuses and overtime, paid or otherwise includable in the gross
income of a Participant during the Limitation Year plus any amounts excluded from a Participant's income pursuant to Code Sections 125,
401(k) and Code Section 132(f)(4), but excluding:
(A) contributions by the Employer, a Participating Employer, and any Related Employer to any deferred compensation plan (to the extent
the contributions are not included in the Participant's gross income for the taxable year in which contributed) or simplified employee
pension under Code Section 408(k), to the extent the contributions are excludable form the Participant's gross income (other than
amounts excluded from a Participant's income pursuant to Code Sections 125, 132(f)(4) or 401(k));
(B) distributions from any plan of deferred compensation, whether or not such amounts are includable in the gross income of the Employees
when distributed;
(C) amounts realized from the exercise of any nonqualified stock option, or when restricted stock becomes freely transferable or is no
longer subject to a substantial risk of forfeiture;
(D) amounts realized from the sale, exchange, or other disposition of stock acquired under a qualified stock option described in Part II,
Subchapter D, Chapter 1 of the Code;
(E) premiums paid by the Employer, a Participating Employer, and any Related Employer, for group term life insurance (to the extent the
premiums are not includable in the Participant's gross income); contributions by the Employer, a Participating Employer, and any
Related Employer, to an annuity under Code Section 403(b) (to the extent not includable in the Participant's gross income); and any
other amounts received under any Employer fringe benefit plan sponsored by the employers, a Participating Employer or any Related
Employer (to the extent not includable in the Participant's gross income);
(F) any contribution for medical benefits, within the meaning of Code Section 419A(f)(2), after termination of employment which is
otherwise treated as an Annual Addition; and 6