Dell 2000 Annual Report Download - page 48

stock option that is not an incentive stock
option within the meaning of section 422 of
the Code;
o Amounts realized at the time restricted
stock or property is freely transferable or
no longer subject to a substantial risk of
forfeiture in accordance with section 83 of
the Code;
o Amounts realized from the sale, exchange,
disqualifying disposition or other
disposition of stock acquired under an
incentive stock option; and
o Any other amounts that receive special tax
benefits under the Code, such as premiums
for group life insurance (but only to the
extent such premiums are not includable in
the gross income of the Participant).
(15) COMPENSATION DEFERRALS: Base Salary Deferrals and Bonus
Deferrals.
(16) COMPENSATION DEFERRALS ACCOUNT: A hypothetical account for
each Participant to which is credited his Compensation
Deferrals pursuant to Section 3.1, and which is credited with
(or debited for) such account's allocation of net income (or
net loss) as provided in Section 4.3.
(17) DIRECTORS: The Board of Directors of Dell Computer
Corporation.
(18) DISABILITY: A physical or mental condition which, as
determined in the sole discretion of the Committee, totally
and presumably permanently prevents a Participant from
engaging in any substantial or gainful employment; provided,
however, that an individual shall be deemed to be disabled if
he is determined to be disabled under the terms of the Dell
Computer Corporation 401(k) Plan.
(19) EFFECTIVE DATE: January 1, 2001, except as otherwise provided
herein.
(20) ELECTION DATE: (i) With respect to Base Salary, January 1st of
each Plan Year, or such earlier date as may be designated by
the Committee, and (ii) with respect to
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Bonuses, two weeks prior to the last day of the Company's
third fiscal quarter, or such earlier date as may be
designated by the Committee.
(21) EMPLOYEE: Any individual on the payroll of an Employer (i)
whose wages from the Employer are subject to withholding for
purposes of Federal income taxes and for purposes of the
Federal Insurance Contributions Act, (ii) who is included
within a "select group of management or highly compensated
employees," as such term is used in ERISA Section 401(a)(1),
and (iii) who is designated by the Committee as eligible to
participate in this Plan.
(22) EMPLOYER OR PARTICIPATING EMPLOYER: The Company and any
Affiliate of the Company to the extent that (i) an Employee of
such Affiliate is a Participant hereunder and (ii) the
Affiliate has adopted the Plan in accordance with the
provisions of Article XI.
(23) ERISA: Public Law No. 93-406, the Employee Retirement Income
Security Act of 1974, as amended from time to time.
(24) INVESTMENT FUND(S): The investment fund(s) designated by the
Committee from time to time for the hypothetical investment of
a Participant's Accounts pursuant to Article V.
(25) PARTICIPANT: An Employee participating in the Plan in
accordance with the provisions of Section 2.1.
(26) PLAN: The Dell Computer Corporation Deferred Compensation
Plan, as amended from time to time.
(27) PLAN YEAR: The twelve-consecutive month period commencing
January 1 of each year.