Dell 2008 Annual Report Download - page 143

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Subsection (c) below. No Participant or beneficiary shall have any preferred claim to, or any beneficial ownership interest in, any assets of the
Trust Fund.
(c) The Company shall be considered "insolvent" if (i) the Company is unable to pay its debts as they become due or (ii) the Company is subject to a
pending proceeding as a debtor under the United Sates Bankruptcy Code (or any successor federal statute).
(d) The chief executive officer of the Company and the Directors shall each have the duty to inform the Trustee in writing if the Company becomes
insolvent. Such notice given under the preceding sentence by any one party shall satisfy each party's duty to give notice. When so informed, the
Trustee shall suspend payments to the Participants and beneficiaries and hold the assets for the benefit of the Company's general creditors. If the
Trustee receives a written allegation that the Company is insolvent, the Trustee shall suspend payments to the Participants and beneficiaries and
hold the Trust Fund for the benefit of the Company's general creditors and shall determine within the period specified in the Trust Agreement, or,
in the absence of a specified period, within a reasonable period of time, whether the Company is insolvent. If the Trustee determines that the
Company is not insolvent, the Trustee shall resume payments to the Participants and beneficiaries. In the case of insolvency of the Company or
any Affiliate designated to participate in the Plan pursuant to Section 11.1, only the assets contributed to the Trust, if any, by the Company or
such Affiliate, whichever is insolvent, shall be subject to the claims of such insolvent entity.
(e) All expenses incident to the administration of the Plan and Trust, including but not limited to, legal, accounting, Trustee fees, and expenses of the
Committee, may be paid by the Company and, if not so paid, shall be paid by the Trustee from the Trust Fund, if any.
(f) All income, profits, recoveries, contributions, forfeitures and any and all moneys, securities, and properties of any kind at any time received or
held by the Trustee, if any, shall be held for investment purposes as a commingled Trust Fund pursuant to the terms of the Trust Agreement. The
Committee shall maintain Accounts in the name of each Participant, but the maintenance of Accounts designated as Accounts of a Participant
shall not mean that such Participant shall have a greater or lesser interest than that due him under the terms of the Plan and shall not be
considered as segregating any funds or property from any other funds or property contained in the commingled fund.
ARTICLE XII.
PARTICIPATING ENTITIES
12.1 Designation of Participating Employers.
(a) The Committee may designate any Employer as eligible to participate in the Plan by written instrument delivered to the Company and the
designated Employer. Such written instrument shall specify the effective date of such designated participation, may incorporate specific
provisions relating to the operation of the Plan that apply to -31-