Dell 2007 Annual Report Download - page 153

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ARTICLE VII
Distributions after Termination of Employment
7.1.
Eligibility Due to Retirement, Death or Total and Permanent Disability
(a) Retirement. At Normal Retirement Age, a Participant shall be fully vested in the Participant's Individual Accounts and the Trustee shall hold such
Individual Accounts for the Participant's benefit. If a Participant retires (or otherwise terminates employment) on or after the Participant's Normal
Retirement Date, the Committee shall credit and adjust the Participant's Individual Accounts as provided in Articles IV and V, as of the Valuation
Date immediately preceding a distribution pursuant to Section 7.3 below.
(b) Death. Upon death, a Participant shall be fully vested in his Individual Accounts and the Trustee shall hold such Individual Accounts for the benefit
of the Participant's Designated Beneficiary or Beneficiaries. The Committee shall credit and adjust the deceased Participant's Individual Accounts as
provided in Articles IV and V, as of the Valuation Date immediately preceding the date of a distribution pursuant to Section 7.3 below. A
Participant's Designated Beneficiary or Beneficiaries shall be entitled to benefits under Section 7.3 after the death of the Participant or Former
Participant. This provision shall only apply to an individual who is employed by the Employer at the time of his or her death.
(c) Total and Permanent Disability. Upon termination of employment due to Total and Permanent Disability, a Participant shall be fully vested in his or
her Individual Accounts and the Trustee shall hold the Individual Accounts for the Participant's benefit. The Committee shall credit and adjust the
Individual Accounts of a disabled Participant, as provided in Articles IV and V, as of the Valuation Date immediately preceding the date of a
distribution pursuant to Section 7.3 below. A disabled Participant shall be entitled to benefits under Section 7.3 after the Participant's date of Total
and Permanent Disability.
7.2.
Eligibility Due to Termination of Employment
(a) General. If a Participant's employment by the Employer shall terminate for any reason other than retirement, death or Disability, the Participant shall
become vested in his or her Individual Accounts as provided in Subsection (b) below, and the Trustee shall hold the Nonforfeitable portion of the
Participant's Account Balance in his Individual Accounts for the Participant's benefit. The Committee shall credit and adjust the Individual Accounts
of the terminated Participant, as provided in Articles IV and V, as of the Valuation Date immediately preceding the date of the distribution pursuant
to Section 7.3 below. A terminated Participant shall be entitled to benefits under this Section 7.2 and Section 7.3 after the Participant's date of
termination of employment. 13