VMware 2013 Annual Report Download - page 143

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ARTICLE 11 – THE TRUST
1111
11.1 Establishment of Trust. The Plan Sponsor may but is not required to establish a trust to hold amounts which
the Plan Sponsor may contribute from time to time to correspond to some or all amounts credited to Participants
under Section 6.2. In the event that the Plan Sponsor wishes to establish a trust to provide a source of funds for
the payment of Plan benefits, any such trust shall be constructed to constitute an unfunded arrangement that
does not affect the status of the Plan as an unfunded plan for purposes of Title I of ERISA and the Code. If the
Plan Sponsor elects to establish a trust in accordance with Section 10.01 of the Adoption Agreement, the
provisions of Sections 11.2 and 11.3 shall become operative.
11.2 Rabbi Trust. Any trust established by the Plan Sponsor shall be between the Plan Sponsor and a trustee
pursuant to a separate written agreement under which assets are held, administered and managed, subject to
the claims of the Plan Sponsor’s creditors in the event of the Plan Sponsor’s insolvency. The trust is intended to
be treated as a rabbi trust in accordance with existing guidance of the Internal Revenue Service, and the
establishment of the trust shall not cause the Participant to realize current income on amounts contributed
thereto. The Plan Sponsor must notify the trustee in the event of a bankruptcy or insolvency.
11.3 Investment of Trust Funds. Any amounts contributed to the trust by the Plan Sponsor shall be invested by the
trustee in accordance with the provisions of the trust and the instructions of the Administrator. Trust investments
need not reflect the hypothetical investments selected by Participants under Section 7.1 for the purpose of
adjusting Accounts and the earnings or investment results of the trust need not affect the hypothetical
investment adjustments to Participant Accounts under the Plan.