Dell 2003 Annual Report Download - page 84

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Salary Reduction Contributions with respect to each Participant, an amount equal to the amount of Considered Compensation (or, if applicable,
Bonus) deferred, pursuant to Subsection 3.1(a) (as adjusted pursuant to Subsection 3.1(g)), by such Participant during such period.
3.2 Employer Matching Contributions.
(a) For each pay period, the Employer shall contribute to the Trust, as Employer Matching Contributions, an amount that equals 100% of the Salary
Reduction Contributions that were made pursuant to Section 3.1 on behalf of each of the Participants during such pay period and that were not in
excess of 3% of each such Participant's Considered Compensation and Bonus, as applicable, for such pay period.
(b) In addition to the Employer Matching Contributions made pursuant to Subsection 3.2(a), for each calendar quarter the Employer may in its
discretion contribute to the Trust an additional Employer Matching Contribution on behalf of each Participant who is an Eligible Employee on the
last day of each Plan Year. The additional Employer Matching Contribution made pursuant to this Subsection shall be an amount that equals the
difference, if any, between (i) 100% of the total Salary Reduction Contributions made pursuant to Section 3.1 on behalf of each Participant for the
Plan Year not in excess of 3% of each such Participant's total Considered Compensation and Bonus for the Plan Year and (ii) the total Employer
Matching Contributions made on behalf of such Participant for the Plan Year.
(c) In restriction of the Employer Matching Contributions hereunder, it is specifically provided that one of the "actual contribution percentage" tests or
alternative methods of satisfying such tests set forth in Code Section 401(m) and the Treasury regulations thereunder must be met in each Plan Year.
Such testing shall utilize the prior year testing method as such term is defined in Internal Revenue Service Notice 98-1. The Committee may elect, in
accordance with applicable Treasury regulations, to treat Salary Reduction Contributions to the Plan as Employer Matching Contributions for
purposes of meeting this requirement.
3.3 Employer Retirement Savings Contributions.
(a) For each Plan Year, the Employer in its discretion may contribute to the Trust an Employer Retirement Savings Contribution on behalf of each
Participant who either (i) was employed by the Employer on the last day of such Plan Year or (ii) terminated employment with the Employer during
such Plan Year on or after his Normal Retirement Date or by reason of death or total and permanent disability (as defined in Section 7.2) during such
Plan Year. The Employer Retirement Savings Contribution made pursuant to this Subsection 3.3(a) shall equal a percentage (selected by and in the
discretion of the Employer) of the -16-