Dell 2008 Annual Report Download - page 120

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financial reversal, or such other unforeseeable occurrence that is caused by an event beyond the control of the Participant, (ii) would result
in severe financial hardship to the Participant if his Compensation Deferral election was not canceled pursuant to Section 3.1(c) or if a
withdrawal pursuant to Section 7.1 was not permitted, and (iii) cannot be reasonably satisfied from other resources of the Participant. Cash
needs arising from foreseeable events, such as the purchase of a house or education expenses for children, shall not be considered to be the
result of an Unforeseeable Financial Emergency.
(2) With Respect to 409A Benefits: With respect to 409A Benefits, an Unforeseeable Financial Emergency is a severe financial hardship to the
Participant resulting from any of the following:
(A) An illness or accident of the Participant or the illness or accident of the Participant's spouse or dependent (as defined in Code
Section 152(a));
(B) Loss of the Participant's property due to casualty; or
(C) Other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the Participant's control.
Any determination of Unforeseeable Financial Emergency under this Subsection (2) shall be made in accordance with the requirements of
Code Section 409A and any guidance issued thereunder.
(ii) Valuation Dates: Each day the NASDAQ is open for business.
(jj) Vested Interest: The percentage of a Participant's Accounts that, pursuant to Article VI, is vested.
1.2 Number and Gender. Wherever appropriate herein, words used in the singular shall be considered to include the plural, and words used in the plural
shall be considered to include the singular. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender.
1.3 Headings. The headings of Articles and Sections herein are included solely for convenience, and if there is any conflict between such headings and the
text of the Plan, the text shall control.
ARTICLE II.
PARTICIPATION
2.1 Participation.
(a) Prior to the first day of each Plan Year, the Committee, in its sole discretion, shall select and notify those Employees who are newly eligible to
become Participants as -8-