Dell 2007 Annual Report Download - page 162

ARTICLE IX
Optional Forms of Distribution
9.1. Forms of Payment of Benefits
(a) Subject to the survivor annuity requirements of Section 9.6 below, if applicable, a Participant, Former Participant or Beneficiary shall receive a
distribution of his or her benefits in a single lump sum, payable in cash at the fair market value when distributed.
(b) Notwithstanding the above, a Participant shall have the right to receive payment of his benefits in any optional form of benefit payment to which that
Participant would have been entitled under a plan sponsored by a Predecessor Employer in which that Participant was a Participant.
(c) Notwithstanding the foregoing, a distribution made pursuant to this Section shall be subject to the immediate distribution provisions of Subsection
7.3(c).
9.2. Direct Rollover Benefit
(a) Direct Rollover. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee's election under this Section, a
Distributee may elect, at the time and in the manner prescribed by the Administrator, to have any portion of an Eligible Rollover Distribution paid
directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. However, if the Eligible Retirement Plan contains a cash or
deferred arrangement, the Trustee must reasonably conclude, prior to permitting a Direct Rollover, that the transferee plan will continue the
distribution restrictions described in Section 6.2(b) on any amounts included in the Direct Rollover that are attributable to the Participant's Salary
Reduction Contributions.
(b) Definitions
(i) Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the
Distributee, except that an Eligible Rollover Distribution does not include: any distribution that is one of a series of substantially equal
periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life
expectancies) of the Distributee and the Distributee's Designated Beneficiary, or for a specified period of ten years or more; any distribution to
the extent such distribution is required under Code Section 401(a)(9), the portion of any distribution that is not includable in gross income
(determined without regard to the exclusion for net unrealized appreciation with respect to employer securities) and any distribution pursuant
to Section 6.2(c) hereof. Notwithstanding the foregoing, a portion of a distribution shall not
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