Dell 2007 Annual Report Download - page 217
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Employee of the Employer or a Related Employer on the date next following the date of his or her termination of employment with Dell
Financial Services, L.P.
C.1.2
Vesting Schedule for Service Credited Prior to January 1, 2005
(a) A Former Participant or reemployed Participant who was not "actively employed", pursuant to the Employer's HR Direct personnel system, by
the Employer or a Related Employer on January 1, 2005, and not otherwise a member of the group of Participants described in Plan
Section 7.2(b), shall be entitled to receive 100% of his Participant Contribution Account. In addition, the Participant shall be entitled to receive
the Nonforfeitable percentage of the balance credited to the Participant's Employer Contribution Account, as determined under the following
vesting schedule:
YEARS OF VESTING SERVICE NONFORFEITABLE PERCENTAGE
Less than 1 Year 0%
1 Year 20%
2 Years 40%
3 Years 60%
4 Years 80%
5 Years or more 100%
Notwithstanding the preceding, if a Former Participant or reemployed Participant has previously been granted credit for Years of Vesting Service
with a Predecessor Employer, such participant's Nonforfeitable Percentage shall be no less than the participant's Nonforfeitable Percentage with
his Predecessor Employer.
C.1.3.
Forfeiture
A Former Participant who is not entitled to 100% vesting in his Employer Contribution Account under Plan Section 7.2(a) shall forfeit that portion of
the amount of his Individual Accounts to which the Former Participant is not entitled on the earlier of the date on which the Former Participant incurs
five (5) consecutive Breaks in Service or the date on which the Former Participant receives a Cashout Distribution (the Forfeiture Event).
(i) A Cashout Distribution means a lump sum distribution that occurs no later than the last day of the second Plan Year following the Plan Year in
which the Participant terminates employment.
(ii) A Former Participant who terminates employment without a Nonforfeitable percentage in the Former Participant's Employer Contribution
Account shall be deemed to have received a distribution of his Nonforfeitable Account Balance on the date of his termination of employment.
77