Dell 2007 Annual Report Download - page 155
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would result in the Participant receiving less than fifty-one percent (51%) of the total benefits to be paid during the Participant's life expectancy.
(c) Cash Out Distributions.
(i) Notwithstanding the foregoing paragraph (b), if a Participant terminates employment with the Employer and the Participant's Nonforfeitable
Account Balance determined under Sections 7.1 or 7.2 is $1,000 or less after excluding amounts attributable to the Participant's Rollover
Account in accordance with Appendix A.1.7, the Committee may direct the Trustee to make immediate distribution to the Participant in the
form of a lump sum distribution; provided, however, the Trustee shall not make a lump sum distribution after benefit distributions have
commenced, without the written consent of the Participant and, if required by law, his spouse's consent.
(ii) If a Participant terminates employment with the Employer and the Participant's Nonforfeitable Account Balance determined under
Sections 7.1 or 7.2 is greater than $1,000 but less than $5,000, after including amounts attributable to the Participant's Rollover Account, and
the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by the Participant in a Direct
Rollover or to receive the distribution directly in accordance with Article IX, then the Plan shall pay the distribution in a Direct Rollover to an
individual retirement account designated by the Committee. The Committee shall cause the Plan to satisfy any and all applicable notification
requirements prior to the occurrence of any distribution under this provision.
(iii) Notwithstanding any contrary provision, if the Participant's Nonforfeitable Account Balance is greater than $5,000, the Trustee shall make no
distribution without the Participant's and the spouse's consent pursuant to Article IX until the later of attainment of age sixty-two (62) years or
attainment of Normal Retirement Age. The foregoing sentence shall not apply after the death of the Participant.
(iv) The provisions of this Section 7.3 shall apply to any Alternate Payee immediately following the date that such individual's Qualified Domestic
Relations Order is approved and implemented by the Administrator.
* * * * *
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