Dell 2007 Annual Report Download - page 184

The Administrator may permit a Participant to make an election under this Section through any electronic or telephonic means authorized by the
Committee.
(b) Investment Funds. The Committee will select the "Investment Funds" available under the Plan in accordance with a separate written Investment
Policy. The Committee shall select and maintain such Investment Funds in accordance with the Committee's written Investment Policy. Such
Investment Funds shall be communicated to Participants in writing. All Individual Accounts shall be allocated by the Committee to the
Investment Funds specified in the separate written Investment Policy. Dividends, interest and other distributions shall be reinvested in the same
Investment Fund from which they are received.
The assets of each Investment Fund shall be invested exclusively in shares of the registered investment company designated by the Committee,
provided that such shares constitute securities described in ERISA Section 401(b)(1). Amounts invested in any such Investment Fund in amounts
estimated by the Trustee to be needed for cash withdrawals, or in amounts too small to be reasonably invested, or in amounts which the Trustee
deems to be in the best interest of the Participants, may be retained by the Trustee in cash or invested temporarily.
13.3. Investment in Employer Securities
(a) The Plan is specifically authorized to acquire and hold up to 100% of its assets of the Employer's Common Stock ("Company Stock") so long as
the Common Stock are a "qualifying employer security," as such term is defined in Section 407(d)(e) of ERISA. The Committee shall implement
this Section 13.3 by directing the Plan's Trustee to establish a company stock fund (the "Stock Fund") which will hold shares of Company Stock.
Investments will be made in the Stock Fund through the issuance of units in the Stock Fund, the value of which shall be established at the end of
each day that shares of Company Stock are sold on the NASDAQ exchange. All purchases and sales of units in the Stock Fund will be made
based on the Stock Fund's closing value as of the close of business on the date a transaction occurs. The Stock Fund shall retain an appropriate
level of cash and cash equivalent investments to permit Plan participants to sell some or all of the interests in the Stock Fund.
(b) During any period in which the Participants are permitted to direct the Trustee to sell shares of Company Stock that are allocated to their
Accounts, the Committee shall determine whether any portion of the Stock Fund may be "restricted shares" subject to trading restrictions under
Rule 144 promulgated under the Securities Act of 1933. The portion of the Stock Fund and a proportionate portion of the underlying shares of
Company Stock held by the Stock Fund, that are so determined by the Committee to be subject to such restrictions shall be classified as
"Restricted shares" and may only be sold pursuant to Subsection 13.3 below.
(c) The Company shall purchase any and all Restricted Shares from the Plan's Trust on the first trading date immediately following the date on which
a Participant has 44