Dell 2008 Annual Report Download - page 132

Download and view the complete annual report

Please find page 132 of the 2008 Dell annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

amount and shall not be adjusted for earnings or losses following the election date.
(4) An in-service distribution election may be modified by the Participant to provide that the date on which distribution is to be made or
commence shall be a date subsequent to the date payment would otherwise be made or commence; provided, however, that the following
requirements are also met:
(A) The Participant must submit this election at least twelve (12) months prior to the date the payment is scheduled to be made (or the
installment payments are scheduled to commence) pursuant to the existing distribution election.
(B) The new election will not be effective until twelve (12) months have elapsed after the date on which the new election is filed with
the Committee.
(C) The new election provides that payment will not be made or commence for at least five (5) years from the date payment would
otherwise have been made or commenced.
(D) No more than two (2) postponements may be filed for any scheduled in-service distribution.
Solely for purposes of applying the election modification restrictions described in this Paragraph, a Participant's election under this Section
to receive an in-service distribution in the form of installment payments over a fixed period of time shall be treated as an election of a
single payment to be made on the date the installment payments are to commence.
(5) A Participant may have only one (1) fixed schedule in-service distribution election outstanding under this Section at any time.
(6) If a Participant Separates From Service prior to the date on which an in-service payment is scheduled to be made under this Subsection, his
election shall be terminated and his Individual Account shall be distributed as provided in Section 8.3 below.
ARTICLE VIII.
BENEFIT DISTRIBUTIONS
8.1 General Rules.
(a) Benefit Amount. A Participant's Plan benefit shall be the value of his Vested Interest in his Individual Account determined as of the Valuation
Date immediately preceding the time of payment of such Account in accordance with Section 8.2 or Section 8.3, as applicable.
-20-