Dell 2008 Annual Report Download - page 125

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Credits Portion of the Account, as applicable, which was 100% vested as of December 31, 2004.
(e) The subaccount attributable to 409A Benefits shall be credited with the Participant's Compensation Deferral Portion of the Account and
Company Credits portion of the Account, as applicable, which was not vested as of December 31, 2004, and with all subsequent amounts credited
to the Participant's Individual Account for Plan Years beginning on and after January 1, 2005, whether or not 100% vested.
(f) For each subaccount holding 409A Benefits, the Committee shall establish a separate subaccount for each Plan Year beginning on and after
January 1, 2005, to which shall be credited the total of the Participant's Compensation Deferrals and Company Credits for the applicable Plan
Year.
4.2 Investment of Accounts. The Committee shall credit allocable earnings and losses to each Participant's Individual Account according to the
hypothetical investments made by a Participant pursuant to the terms of Article V.
4.3 Allocation of Net Income or Loss and Changes in Value.
(a) As of each Valuation Date, the Committee shall determine the fair market value and the net income (or net loss) of each Investment Fund for the
period elapsed since the next preceding Valuation Date. The net income (or net loss) of each Investment Fund since the next preceding Valuation
Date shall be ascertained by the Committee in such manner as it deems appropriate, which may include expenses, if any, of administering the
Investment Fund, the Trust, and the Plan.
(b) For purposes of crediting allocable net income (or net loss), each Participant's Individual Account shall be divided into subaccounts to reflect the
hypothetical investment of such Participant's Account in a particular Investment Fund or Investment Funds pursuant to Article V. As of each
Valuation Date, the net income (or net loss) of each Investment Fund, separately and respectively, shall be allocated among the corresponding
subaccounts of the Participants who had such corresponding subaccounts invested in such Investment Fund since the next preceding Valuation
Date, and each such corresponding subaccount shall be credited with (or debited for) that portion of such net income (or net loss) that the value of
each such corresponding subaccount on such next preceding Valuation Date was of the value of all such corresponding subaccounts on such date;
provided, however, that the value of such subaccounts as of the next preceding Valuation Date shall be reduced by the amount of any
distributions made therefrom since the next preceding Valuation Date.
(c) So long as there is a balance credited to any Account, such Account shall continue to share in earnings (or loss) allocations pursuant to this
Section. -13-