Dell 2007 Annual Report Download - page 156

ARTICLE VIII
Mandatory Distribution of Benefits
8.1.
General
Pursuant to and in accordance with the minimum distribution requirements under Code Section 401(a)(9) and the applicable Treasury Regulations, as
adopted by the Plan Sponsor and set forth in Appendix B attached hereto, the Committee shall direct the Trustee to distribute a Participant's Nonforfeitable
Account Balance to the Participant or, if the Participant is deceased, to the Participant's Designated Beneficiary under a method of payment, which as of
the Required Beginning Date, satisfies the minimum distribution requirements under Code Section 401(a)(9) and the applicable Treasury Regulations.
8.2.
Form of Distribution
Under no circumstances may a Participant elect payment of benefits in the form of an annuity; provided, however, that any individual who is eligible to
receive a distribution in the form of an annuity may direct the Administrator to distribute his entire account in the form of an annuity contract which
contains distribution terms that satisfy the requirements of Code Section 401(a)(9) and the applicable Treasury Regulations on his Required Beginning
Date. All distributions required under this Article shall be determined in the manner set forth herein and made under Code Section 401(a)(9) and the
applicable Treasury Regulations, including the minimum distribution incidental benefit requirements of Treas. Reg. § 1.401(a)(9)-2. A mandatory
distribution at the Participant's Required Beginning Date will be in lump sum unless the Participant, pursuant to this Article, makes a valid election to
receive an alternative form of payment.
8.3.
Limits on Distribution Periods
As of the first Distribution Calendar Year, distributions, if not make in a lump sum, may only be made over one of the following periods or a combination
of such periods:
(i) the life of the Participant;
(ii) the life of the Participant and a Designated Beneficiary, subject to the requirements of Code Section 401(a)(9) and the applicable Treasury
Regulations;
(iii) a period certain not extending beyond the life expectancy of the Participant; or
(iv) a period certain not extending beyond the joint and last survivor expectancy of the Participant and a Designated Beneficiary.
16