Dell 2007 Annual Report Download - page 201

17.5. Spendthrift Clause
Except as provided below, no Participant, Former Participant or Beneficiary shall have the right to anticipate, assign or alienate any benefit provided
under the Plan and the Trustee will not recognize any anticipation, assignment or alienation. Furthermore, a benefit under the Plan is not subject to
attachment, garnishment, levy, execution or other legal or equitable process. All provisions of this Agreement shall be for the exclusive benefit of those
designated herein. These restrictions shall not apply in the following case(s):
(a) Distributions Pursuant to Qualified Domestic Relations Orders. The Committee may direct the Trustee under the nondiscriminatory policy
adopted by the Committee to pay an Alternate Payee designated under a Qualified Domestic Relations Order as defined in Code Section 414(p).
To the extent provided under a Qualified Domestic Relations Order, a former spouse of a Participant shall be treated as the spouse or Surviving
Spouse for all purposes of the Plan.
(b) Participant Loans. If a Participant, Former Participant or Beneficiary who has become entitled to receive payment of benefits under this
Agreement is indebted to the Trustee, by virtue of a Participant Loan, the Committee may direct the Trustee to pay the indebtedness and charge it
against the Account Balance of the Participant, Former Participant or Beneficiary.
(c) Distributions Under Certain Judgments and Settlements. Nothing contained in this Plan prevents the Trustee from complying with a judgment or
settlement which requires the Trustee to reduce a Participant's benefits under the Plan by an amount that the Participant is ordered or required to
pay to the Plan if each of the following criteria are satisfied:
(i) The order or requirement must arise –
(A) under a judgment or conviction for a crime involving the Plan;
(B) under a civil judgment (including a consent order or decree) entered by a court in an action brought in connection with an actual or
alleged violation of Part 4 of Title I of ERISA; or
(C) under a settlement agreement with either the Secretary of Labor or the Pension Benefit Guarantee Corporation and the Participant in
connection with an actual or alleged violation of Part 4 of Title I of ERISA by a fiduciary or any other person.
(ii) The decree, judgment, order or settlement expressly provides for the offset of all or part of the amount ordered or required to be paid to the
Plan against the Participant's benefits under the Plan.
(iii) To the extent that (A) the survivor annuity requirements of Code Section 401(a)(11) apply to the portion of the Participant's Account
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