Dell 2000 Annual Report Download - page 44

4.2 Investment of Accounts..............................................11
4.3 Allocation of Net Income or Loss and Changes in Value...............11
Article V. Hypothetical Investment of Accounts........................11
5.1 Hypothetical Investment of Accounts.................................11
5.2 Designation of Investment Funds.....................................12
Article VI. Vested Interest............................................12
6.1 Vesting of Compensation Deferrals Account...........................12
6.2 Vesting of Company Credits Account..................................12
6.3 Forfeitures.........................................................13
Article VII. In-Service Withdrawals and Loans...........................13
7.1 In-Service Withdrawals..............................................13
7.2 Involuntary Distributions...........................................14
7.3 No Loans............................................................14
Article VIII. Plan Benefits..............................................14
8.1 Plan Benefit........................................................14
8.2 Events Entitling Payment of Benefit.................................14
8.3 Payee and Time of Payment...........................................15
8.4 Alternative Forms of Benefit Payments...............................15
8.5 Designation of Beneficiaries........................................16
8.6 Payer of Benefits...................................................17
8.7 Unclaimed Benefits..................................................17
Article IX. Administration of Plan.....................................17
9.1 Appointment of Committee............................................17
9.2 Term, Vacancies, Resignation, and Removal...........................17
9.3 Self-Interest of Committee Members..................................17
9.4 Committee Powers and Duties.........................................18
9.5 Claims Review.......................................................18
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9.6 Company to Supply Information.......................................19
9.7 Indemnity...........................................................19
Article X. Purpose and Unfunded Nature of the Plan....................20
10.1 Purpose of Plan.....................................................20
10.2 Unfunded Nature of Plan.............................................20
10.3 Funding of Obligation...............................................20
Article XI. Participating Entities.....................................21
11.1 Designation of Participating Entities...............................21
Article XII. Miscellaneous..............................................22
12.1 Not Contract of Employment..........................................22
12.2 Alienation of Interest Forbidden....................................22
12.3 Withholding.........................................................22
12.4 Amendment and Termination...........................................22
12.5 Severability........................................................23
12.6 Governing Laws......................................................23
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DELL COMPUTER CORPORATION
DEFERRED COMPENSATION PLAN
Dell Computer Corporation, a corporation organized and existing under
the laws of the State of Delaware (the "Company"), hereby restates the Dell
Computer Corporation Deferred Compensation Plan (the "Plan"), such restatement
to be effective as of January 1, 2001, except as otherwise provided herein;
WITNESSETH:
WHEREAS, the Company wishes to promote in certain of its highly
compensated employees, and those of its affiliates, the strongest interest in
the successful operation of the business and increased efficiency in their work,
to align the financial interests of such employees with those of Company
shareholders and to provide an opportunity for accumulation of funds for their
retirement; and
WHEREAS, the Plan was initially adopted effective May 1, 1991, and
previously has been amended and restated effective as of April 1, 1996 and