Dell 2003 Annual Report Download - page 148
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(b) All of the following items shall be excluded to the extent they would otherwise be included:
• Reimbursements and other expense allowances;
• Cash and noncash fringe benefits;
• Moving expenses;
• Deferred compensation under any plan or program other than as specifically included in Section 1.1(i)(1)(vii);
• Welfare benefits;
• Employer contributions to or payments from this or any other deferred compensation program, whether such program is qualified under section
401(a) of the Code or nonqualified;
• Amounts realized from the exercise of a stock option that is not an incentive stock option within the meaning of section 422 of the Code;
• Amounts realized at the time restricted stock or property is freely transferable or no longer subject to a substantial risk of forfeiture in
accordance with section 83 of the Code;
• Amounts realized from the sale, exchange, disqualifying disposition or other disposition of stock acquired under an incentive stock option; and
• Any other amounts that receive special tax benefits under the Code, such as premiums for group life insurance (but only to the extent such
premiums are not includable in the gross income of the Participant).
(15) Compensation Deferrals: Base Salary Deferrals and Bonus Deferrals.
(16) Compensation Deferrals Account: A hypothetical account for each Participant to which is credited his Compensation Deferrals pursuant to
Section 3.1, and which is credited with (or debited for) such account's allocation of net income (or net loss) as provided in Section 4.3.
(17) Directors: The Board of Directors of Dell Computer Corporation.
(18) Disability: A physical or mental condition which, as determined in the sole discretion of the Committee, totally and presumably permanently
prevents a Participant from engaging in any substantial or gainful employment; provided, however, that an individual shall be deemed to be
disabled if he is determined to be disabled under the terms of the Dell Computer Corporation 401(k) Plan.
(19) Effective Date: January 1, 2001, except as otherwise provided herein.
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