Dell 2008 Annual Report Download - page 157

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which shall be credited the total of the Member's Deferrals for the applicable Plan Year.
3.2 Investment of Accounts. The Committee shall credit allocable earnings and losses to each Member's Account according to the hypothetical
investments made by a Member pursuant to the terms of Article IV.
3.3 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 Fund, and the Plan.
(b) For purposes of crediting allocable net income (or net loss), each Member's Account shall be divided into subaccounts to reflect the hypothetical
investment of such Member's Account in a particular Investment Fund or Investment Funds pursuant to Article IV. 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
Members 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.
(d) All payments from an Account shall be charged against the Account as soon as administratively feasible.
ARTICLE IV.
HYPOTHETICAL INVESTMENT OF ACCOUNTS
4.1 Investment of Accounts. The Committee shall from time to time select, add, and/or delete Investment Funds for purposes of the hypothetical
investment of a Member's Account. For purposes of crediting allocable earnings and losses and valuation of each Member's Account, each Member's
Account shall be deemed to be invested in the Investment Funds. Each Member shall direct the hypothetical investment of all or any portion of their
Account in accordance with Section 4.2. -8-