Dell 2006 Annual Report Download - page 166
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15. Subsection 14.2(d) of the Plan is hereby amended, as underlined, to be and read as follows:
"(d) In the case of a termination or partial termination of the Plan, and in the absence of a Plan amendment to the contrary, the Trustee shall pay the
balance of the Accounts of a Participant for whom the Plan is so terminated, or who is affected by such partial termination, to such Participant,
subject to the time of payment, form of payment, and consent provisions of Article VIII. However, distributions may not be made following
termination of the Plan if the Employer establishes or maintains an alternative defined contribution plan as described in Treasury
Regulation Section 1.401(k)-1(d)(4)(i)."
16. Section 14.3 of the Plan is hereby amended, as underlined, to be and read as follows:
"14.3
Merger, Consolidation, or Transfer. This Plan and Trust Fund may not merge or consolidate with, or transfer its assets or liabilities to, any other plan,
unless immediately thereafter each Participant would, in the event such other plan terminated, be entitled to a benefit equal to or greater than the benefit
to which he would have been entitled if the Plan were terminated immediately before the merger, consolidation, or transfer. In addition, before any
merger, consolidation or transfer, the Trustee must reasonably determine, prior to to permitting such a transfer, that the transferee plan will continue the
distribution restrictions of Code Sections 401(k)(2) and 401(k)(10) on any transferred amounts that are attributable to Salary Reduction Contributions of
Participants."
17. Section 18.10 of the Plan is hereby amended, as underlined, to be and read as follows:
"18.10
Distributions following a Severance from Employment. A Participant's elective deferrals, qualified nonelective contributions, qualified matching
contributions, and earnings attributable to these contributions shall be distributed on account of the participant's severance from employment. However,
such a distribution shall be subject to the other provisions of the Plan regarding distributions, other than provisions that require a separation from
service before such amounts may be distributed. For purposes of the distribution restrictions, a severance from employment occurs when an Employee
ceases to be an Employee of the Employer maintaining the Plan. An Employee does not have a severance from employment if, in connection with a
change in employment, the Employee's new employer maintains the Plan with respect to the Employee, by assuming sponsorship of the Plan or by
accepting a transfer of Plan assets and liabilities (within the meaning of Code Section 414(e)) with respect to the Employee."
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