Dell 2006 Annual Report Download - page 163
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reimbursable by insurance (determined without regard to whether the expenses exceed 7.5% of adjusted gross income); or
(2) Costs directly related to the purchase of a principal residence of the Participant (excluding mortgage payments); or
(3) Payment of tuition and related educational fees, and room and board expenses, for the next twelve months of post-secondary education for the
Participant or the Participant's spouse, children, or dependents (as defined in Code Section 152 and, for taxable years beginning on or after
January 1, 2005, without regard to Code Section 152(b)(1), (b)(2), and (d)(1)(B)); or
(4) Payments necessary to prevent the eviction of the Participant from his principal residence or the foreclosure on the mortgage of the
Participant's principal residence; or
(5) Payments for burial or funeral expenses for the Participant's deceased parent, spouse, children or dependents (as defined in Code Section 152
and, for taxable years beginning on or after January 1, 2005, without regard to Code Section 152(b)(1), (b)(2), and (d)(1)(B)); or
(6) Expenses for the repair of damage to the Participtant's principal residence that would qualify for the casualty deduction under Code
Section 165 (determined without regard to whether the loss exceeds 10% of adjusted gross income); or
(7) Such other financial needs that the Commissioner of Internal Revenue may deem to be immediate and heavy financial needs through the
publication of revenue rulings, notices, and other documents of general applicability."
10. The heading of Section 7.4 of the Plan is hereby amended, to be and read as follows:
7.4 Severance from Employment Prior to Retirement.
11. Subsection 7.4(c)(1) of the Plan is hereby amended, as underlined, to be and read as follows:
"(1) In the case of an individual who terminates employment with the Employer and all Controlled Entities at a time when he has a 0% Vested
Interest in his Employer Contribution Account and who then incurs a Period of Severance that equals or exceeds the greater of five years or
his aggregate Periods of Service completed before such Period of Severance, such individual's Periods of Service completed before such
Period of Severance shall be forfeited and completely disregarded in determining his
5