Dell 2003 Annual Report Download - page 111

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calendar year will be made on or before the Participant's required beginning date. The required minimum distribution for other
distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant's
required beginning date occurs, will be made on or before December 31 of that distribution calendar year.
(C) Life expectancy. Life expectancy as computed by use of the Single Life Table in section 1.401(a)(9)-9 of the Treasury regulations.
(D) Participant's account balance. The account balance as of the last valuation date in the calendar year immediately preceding the
distribution calendar year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures
allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made
in the valuation calendar year after the valuation date. The account balance for the valuation calendar year includes any amounts rolled
over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in
the valuation calendar year.
(E) Required beginning date. The date specified in Section 8.2(d)(1) of the Plan.
8.3 Forms of Benefits. A Participant's benefit shall be paid (or transferred pursuant to Section 8.5, if applicable) in a single lump sum payment. Benefits shall
be paid or transferred in cash.
8.4 Cash-Out of Benefit. Not in Excess of $5,000. Notwithstanding any provision of the Plan to the contrary, if a Participant terminates his employment with
the Employer and all Controlled Entities and his Vested Interest in his Accounts is not in excess of $5,000, such Participant's benefit shall be paid in one
lump sum cash payment in lieu of any other form of benefit herein provided. Any such payment shall be made at the time specified in Subsection 8.2(a)
without regard to the consent restrictions of Subsection 8.2(b). The provisions of this Section shall not be applicable to a Participant following his Benefit
Commencement Date.
8.5 Direct Rollover Election. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee's election under this Section,
a Distributee may elect, at the time and in the manner prescribed by the Committee, to have all or any portion of an Eligible Rollover Distribution (other
than any portion attributable to the offset of an outstanding loan balance of such Participant pursuant to the Plan's loan procedure) paid directly to an
Eligible Retirement Plan specified by the Distributee in a Direct Rollover. The preceding sentence notwithstanding, a Distributee may elect a Direct
Rollover pursuant to this Section only if such Distributee's Eligible Rollover Distributions during the Plan Year are reasonably expected to total $200 or
more. Furthermore, if less than -43-