Dell 2003 Annual Report Download - page 108

Download and view the complete annual report

Please find page 108 of the 2003 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 174

  • 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

date distributions are required to begin to the surviving spouse. If distributions under an annuity purchased from an insurance
company irrevocably commence to the participant before the participant's required beginning date (or to the Participant's surviving
spouse before the date distributions are required to begin to the surviving spouse), the date distributions are considered to begin is the
date distributions actually commence.
(C) Forms of Distribution. Unless the Participant's interest is distributed in the form of an annuity purchased from an insurance company
or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in
accordance with Subsections 8.2(h)(3) and (4) below. If the Participant's interest is distributed in the form of an annuity purchased
from an insurance company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and
the Treasury regulations.
(3) Required Minimum Distributions During a Participant's Lifetime.
(A) Amount of Required Minimum Distribution For Each Distribution Calendar Year. During a Participant's lifetime, the minimum
amount that will be distributed for each distribution calendar year is the lesser of:
(I) The quotient obtained by dividing the Participant's account balance by the distribution period in the Uniform Lifetime Table set
forth in section 1.401(a)(9)-9 of the Treasury regulations, using the Participant's age as of the Participant's birthday in the
distribution calendar year; or
(II) If the Participant's sole designated beneficiary for the distribution calendar year is the Participant's spouse, the quotient obtained
by dividing the Participant's account balance by the number in the Joint and Last Survivor Table set forth in section 1.401(a)
(9)-9 of the Treasury regulations, using the Participant's and spouse's attained ages as of the Participant's and spouse's birthdays
in the distribution calendar year.
(B) Lifetime Required Minimum Distributions Continue Through Year of Participant's Death. Required minimum distributions will be
determined under this Subsection 8.2(h)(3) beginning with the first distribution calendar year and up to and including the distribution
calendar year that includes the Participant's date of death.
-40-