Dell 2008 Annual Report Download - page 127

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ARTICLE VI.
VESTED INTEREST
6.1 Vesting of Compensation Deferrals Account. A Participant shall have a 100% Vested Interest in his Compensation Deferrals Account at all times.
6.2 Vesting of Company Credits Account.
(a) A Participant shall acquire a Vested Interest in his Company Credits Account as such Participant completes Years of Vesting Service (defined
below) in accordance with the following schedule:
YEARS OF VESTING SERVICE VESTED INTEREST
Less than 1 year 0%
1 year 20%
2 years 40%
3 years 60%
4 years 80%
5 years or more 100%
(b) Notwithstanding Subsection (a) above, a Participant shall have a 100% Vested Interest in his Company Credits Account upon the earliest to occur
of (i) the attainment of such Participant's Retirement Date while employed by the Company, (ii) the death of such Participant while employed by
the Company, (iii) the date such Participant becomes Disabled while employed by the Company, or (iv) any earlier date designated by the
Committee in its sole discretion.
(c) For purposes of this Article VI, a "Year of Vesting Service" means 365 days of Service. An Employee shall receive credit for the aggregate of all
time periods commencing on an Employee's Employment Commencement Date, including the Re-Employment Commencement Date, and
ending on the date a Break in Service begins. An Employee also shall receive credit for any Period of Severance of less than 365 days. Fractional
periods of a year shall be expressed in terms of days. In computing an Employee's Years of Vesting Service, the following rules shall apply:
(1) For a Participant who terminates employment with the Employer and all Related Employers at a time when he has a Vested Interest in his
Employer Contribution Account of more than 0% but less than 100% and who subsequently is re-employed after incurring five
(5) consecutive Breaks in Service, Years of Vesting Service earned by the Participant after the Break in Service shall not be taken into
account for purposes of determining the Nonforfeitable percentage of the Participant's Account Balance derived from Employer
Contributions which accrued before the Break in Service.
(2) For a Participant who terminates employment with the Employer and all Related Employers at a time when he has a 0% Vested Interest in
his Employer Contribution Account and who is re-employed after a Break in Service, service before the Break in Service shall not be taken
into account if the number of consecutive Breaks in Service equals or exceeds the greater of
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