Dell 2008 Annual Report Download - page 124

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(4) The reduction of a Participant's Bonus pursuant to this election shall be effected at the time such Bonus is paid to such Participant in one
lump sum deferral.
(5) A Participant's election to defer a Bonus during a Bonus Year shall not apply to a Bonus paid during any subsequent Bonus Year.
(c) Cancellation of Base Salary Deferral Election. A Participant may not cancel or modify his Base Salary Deferral election applicable to a Plan
Year at any time during a Plan Year.
(d) Cancellation of Bonus Deferral Election. A Participant may not cancel or modify his Bonus Deferral election applicable to a Bonus Year after
such election is submitted to the Committee.
(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.
3.2 Company Credits. As of any date or dates selected by the Company, the Company may credit a Participant's 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. Each Participant's Account shall be further divided into separate investment fund subaccounts corresponding to
the investment fund elected by the Participant pursuant to Article V.
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 an Individual Account (including applicable subaccounts) reflecting all credits and
debits made to such Account in the manner herein described. This Account shall be constituted as follows:
(a) Amounts attributable to Compensation Deferrals shall be credited to the Participant's Compensation Deferral Portion of his Account.
(b) Amounts attributable to Company Credits shall be credited to the Participant's Company Credits Portion of his Account.
(c) The Account shall be segregated into subaccounts for Grandfathered Benefits and 409A Benefits and accounted for separately.
(d) The subaccount attributable to Grandfathered Benefits shall be credited with the Participant's Compensation Deferral Portion of the Account as
well as the Company -12-