Dell 2008 Annual Report Download - page 126

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ARTICLE V.
HYPOTHETICAL INVESTMENT OF ACCOUNTS
5.1 Hypothetical Investment of Accounts. The Committee shall from time to time select, add, and/or delete Investment Funds for purposes of the
hypothetical investment of Participants' Account. For purposes of crediting allocable earnings and losses and valuation of each Participant's Individual
Account, each Participant's Account shall be deemed to be invested in the Investment Funds. The Committee shall designate which Investment Fund or
Funds the Participant's Account shall be deemed to be invested. The preceding notwithstanding, the Committee may, in its discretion, permit one or
more Participants, or any group of Participants, to direct the hypothetical investment of all or any portion of their Account in accordance with
Section 5.2.
5.2 Designation of Investment Funds.
(a) Each Participant shall designate, in accordance with the procedures established from time to time by the Committee, the manner in which the
amounts credited to his Account over which he has been given investment discretion by the Committee shall be deemed to be invested from
among the Investment Funds. Such Participant may designate one of such Investment Funds for the hypothetical investment of all the amounts
credited to such Account, or he may split the hypothetical investment of the amounts credited to such Accounts between such Investment Funds
in such increments as the Committee may prescribe. If a Participant fails to make a proper designation, then his Account shall be deemed to be
invested in the Investment Fund or Investment Funds designated by the Committee from time to time.
(b) A Participant may change his hypothetical investment designation for future amounts to be credited to the portion of his Account over which he
has been given investment discretion by the Committee. Any such change shall be made in accordance with the procedures established by the
Committee, and the frequency of such changes may be limited by the Committee.
(c) If the Committee elects to establish a hypothetical investment fund that holds shares of the Company's common stock, a Participant may elect to
invest his Account in such fund. The Committee may in its sole discretion refuse to recognize Participant elections that it determines may cause
the Participant's Account to become subject to the short-swing profit provisions of Section 16b of the Securities Exchange Act of 1934 and
establish special election procedures for Participants subject to Section 16 of such Act.
(d) A Participant's hypothetical investment selections pursuant to the immediately preceding paragraph shall be made solely for purposes of crediting
earnings and/or losses to his Accounts under Section 4.3 of this Plan. The Committee shall not, in any way, be bound to actually invest any
amounts set aside pursuant to Article X below to satisfy its obligations under this Plan in accordance with such selections.
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