Dell 2000 Annual Report Download - page 52

again elect to defer a percentage of his Compensation
effective as of any subsequent Election Date that is
at least twelve (12) months after the effective date
of such cancellation by complying with the procedural
requirements set forth in Subsection (a)(1) or
(b)(1), as applicable.
(d) ONGOING ELECTION. A Participant's election to make Base Salary
Deferrals shall remain in force and effect while he is a
Participant unless and until such deferrals cease in
accordance with the provisions of Subsection (c) above or such
Participant terminates participation in the Plan pursuant to
Section 2.2.
(e) CREDITING OF DEFERRALS. Compensation Deferrals made by a
Participant shall be credited to such Participant's
Compensation Deferrals Account as of a date determined in
accordance with procedures established from time to time by
the Committee.
(f) COMMITTEE LIMITATION ON COMPENSATION DEFERRALS.
Notwithstanding the preceding, the Committee may, in its sole
discretion, limit (i.e., reduce or terminate) the Compensation
Deferral election or Bonus Deferral election for any
Participant or group of Participants.
3.2 COMPANY CREDITS. As of any date or dates selected by the Company, the
Company may credit a Participant's Company Credits Account with an
amount, if any, as the Company in its sole discretion shall determine.
Such credits may be made on behalf of some Participants but not others,
and such credits may vary in amount among individual Participants.
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ARTICLE IV.
ALLOCATIONS TO PARTICIPANT ACCOUNTS
4.1 INDIVIDUAL ACCOUNTS. The Committee shall create and maintain adequate
records to disclose the interest hereunder of each Participant, former
Participant and Beneficiary. Such records shall be in the form of
individual accounts and credits and debits shall be made to such
accounts in the manner herein described.
4.2 INVESTMENT OF ACCOUNTS. The Committee shall allocate earnings and
losses to each Participant's Accounts according to the hypothetical
investments made by a Participant pursuant to the terms of Article V.
4.3 ALLOCATION OF NET INCOME OR LOSS AND CHANGES IN VALUE.
(a) As of each Valuation Date, the Committee shall determine the
fair market value and the net income (or net loss) of each
Investment Fund for the period elapsed since the next
preceding Valuation Date. The net income (or net loss) of each
Investment Fund since the next preceding Valuation Date shall
be ascertained by the Committee in such manner as it deems
appropriate, which may include expenses, if any, of
administering the Investment Fund, the Trust, and the Plan.
(b) For purposes of allocations of net income (or net loss), each
Participant's Accounts shall be divided into subaccounts to
reflect the hypothetical investment of such Participant's
Accounts in a particular Investment Fund or Investment Funds
pursuant to Article V. As of each Valuation Date, the net
income (or net loss) of each Investment Fund, separately and
respectively, shall be allocated among the corresponding
subaccounts of the Participants who had such corresponding
subaccounts invested in such Investment Fund since the next
preceding Valuation Date, and each such corresponding
subaccount shall be credited with (or debited for) that
portion of such net income (or net loss) that the value of
each such corresponding subaccount on such next preceding
Valuation Date was of the value of all such corresponding
subaccounts on such date; provided, however, that the value of
such subaccounts as of the next preceding Valuation Date shall
be reduced by the amount of any distributions made therefrom
since the next preceding Valuation Date.
(c) So long as there is any balance in any Account, such Account
shall continue to receive allocations pursuant to this
Section.
ARTICLE V.
HYPOTHETICAL INVESTMENT OF ACCOUNTS