Document:

exv10w23

Exhibit 10.23

Executive Officer/Stock Unit

Amended & Restated 2002 Plan

DELL INC.

Stock Unit Agreement

Dell Inc., a Delaware corporation (the “Company”), is pleased to grant you units representing the
right to receive shares of the Company’s common stock (the “Shares”), subject to the terms and
conditions described below. The number of units that are awarded to you (the “Units”) is stated in
step one of the Stock Plan Administrator’s online grant acceptance process (“Grant Summary”). Each
Unit represents the right to receive one Share. As a material inducement to the Company to grant
you this award, you agree to the following terms and conditions. You agree that you are not
otherwise entitled to this award, that the Company is providing you this award in consideration for
your promises and agreements below, and that the Company would not grant you this award absent
those promises and agreements. This Stock Unit Agreement, the Grant Summary, and the Company’s
Amended and Restated 2002 Long-Term Incentive Plan (the “Plan”) set forth the terms of your Units
identified in your Grant Summary.

1. Vesting — The Company will issue you one Share for each vested Unit to be delivered on
the applicable vesting date or as soon as administratively practicable thereafter. The Units will
vest, and you will receive Shares, in accordance with the schedule in your Grant Summary.

2. Expiration — If your Employment (as defined below) terminates for any reason other than your
death or “Permanent Disability” (as defined in the Plan described below), any Units that have not
vested as described above will expire at that time.

If your Employment is terminated by reason of your death or Permanent Disability, all Units will
vest immediately and automatically upon such termination of Employment.

As used herein, the term “Employment” means your regular full-time or part-time employment with the
Company or any of its Subsidiaries, and the term “Employer” means the Company (if you are employed
by the Company) or the Subsidiary of the Company that employs you.

3. Rights as a Stockholder — You will have no rights as a stockholder with respect to Shares that
may be received by you pursuant to this Agreement until those Shares are issued and registered in
your name on the books of the Company’s transfer agent. You will have no rights to receive
dividend equivalent payments with respect to Shares that may be received by you pursuant to this
Agreement. Units granted to you will be satisfied wholly through the issuance and delivery of
Shares.

4. Agreement With Respect to Taxes — You must pay any taxes that are required to be withheld by
the Company or your Employer. You may pay such amounts in cash or make other arrangements
satisfactory to the Company or your Employer for the payment of such amounts. You agree the
Company or your Employer, at its sole discretion and to the fullest extent permitted by law, shall
have the right to demand that you pay such amounts in cash, deduct such amounts from any payments
of any kind otherwise due to you, or withhold from Shares to which you would otherwise be entitled
the number of Shares having an aggregate market value at that time equal to the amount you owe. In
the event the Company, in its sole discretion, determines that your tax obligations will not be
satisfied under the methods described in this paragraph, you authorize the Company or the Company’s
Stock Plan Administrator to sell a number of Shares that are issued under the Units, which the
Company determines as having at least the market value sufficient to meet the tax withholding
obligations plus additional Shares to account for rounding and market fluctuations and pay such tax
withholding to the Company. The shares may be sold as part of a block trade with other participants
and all participants receive an average price.

You agree that, subject to compliance with applicable law, the Company or your Employer may recover
from you taxes which may be payable by the Company or your Employer in any jurisdiction in relation
to this award. You agree that the Company or your Employer shall be entitled to use whatever
method they may deem appropriate to recover such taxes including the sale of any Shares, paying you
a net amount of shares (or cash), recovering the taxes via payroll and direct invoicing. You
further agree that the Company or your Employer may, as it reasonably considers necessary, amend or
vary this agreement to facilitate such recovery of taxes.

5. Leaves of Absence — If you take a leave of absence from active Employment that has been
approved by the Company or your Employer or is one to which you are legally entitled regardless of
such approval, the following provisions will apply:

A. Vesting During Leave — Notwithstanding the vesting schedule set forth above, no Units will vest
during a leave of absence other than an approved employee medical, FMLA or military leave.
Notwithstanding the preceding, vesting shall not be deferred for any approved leave of absence of
less than 30 days. The vesting that would have otherwise occurred during a leave of absence other
than an approved employee medical, FMLA or military leave will be deferred by the number of days
you are on a leave of absence. For example, if your Units are scheduled to vest on August 1, 2007
through August 1, 2011, and you are on a 40 day leave of absence, the dates on which the vesting
occurs will be deferred to September 10, 2007 through September 10, 2011.

B. Effect of Termination During Leave — If your Employment is terminated during the leave of
absence, the Units will expire or vest in accordance with the terms stated in Paragraph 2
(Expiration) above.

6. Return of Share Value — By accepting this award, you agree that if the Company determines that
you engaged in “Conduct Detrimental to the Company” (as defined below) during your Employment or
during the one-year period following the termination of your Employment, you shall be required,
upon demand, to return to the Company, in the form of a cash payment, certain share value
(“Returnable Share Value”). For purposes of this provision, “Returnable Share Value” means a cash
amount equal to the gross value of the Shares that were issued to you pursuant to this Agreement,
determined as of the date such Shares were issued to you and using the Fair Market Value (as
defined in the Plan) of Dell stock on that date. You understand and agree that the repayment of
the Returnable Share Value is in addition to and separate from any other relief available to the
Company due to your Conduct Detrimental to the Company.

 

 

For purposes of this Agreement, you will be considered to have engaged in “Conduct Detrimental to
the Company” if:

(1) you engage in serious misconduct (whether or not such serious misconduct is discovered by the
Company prior to the termination of your Employment);

(2) you breach your obligations to the Company with respect to confidential and proprietary
information or trade secrets or breach any agreement between you and Dell relating to confidential
and proprietary information or trade secrets;

(3) you compete with the Company (as described below); or

(4) you solicit the Company’s employees (as described below).

For purposes of this provision, you shall be deemed to “compete” with the Company if you, directly
or indirectly:

	•	 	Are a principal, owner, officer, director, shareholder or other equity owner (other than a
holder of less than 5% of the outstanding shares or other equity interests of a publicly
traded company) of a Direct Competitor (as defined below);

	•	 	Are a partner or joint venture in any business or other enterprise or undertaking with a
Direct Competitor; or

	•	 	Serve or perform work (including consulting or advisory services) for a Direct Competitor
that is similar in a material way to the work you performed for the Company in the twelve
months preceding the termination of your Employment.

You understand and agree that this provision does not prohibit you from competing with the Company
but only requires repayment of Returnable Share Value in the event of such competition.

For purposes of this provision, a “Company’s employee” means any person employed by the Company or
any of its Subsidiaries and “solicit the Company’s employees” means that you communicate in any way
with any other person regarding (a) a Company Employee leaving the employ of the Company or any of
its Subsidiaries; or (b) a Company Employee seeking employments with any other employer. This
provision does not apply to those communications that are within the scope of your Employment that
are taken on behalf of your Employer.

The term “Direct Competitor” means any entity, or other business concern that offers or plans to
offer products or services that are materially competitive with any of the products or services
being manufactured, offered, marketed, or are actively developed by Dell as of the date your
employment with Dell ends. By way of illustration, and not by limitation, at the time of
execution of this Agreement, the following companies are currently Direct Competitors:
Hewlett-Packard, Lenovo, IBM, Gateway, Apple, Acer, CDW, EDS, EMC, Software House International,
Insight (Software Spectrum), Softchoice, and Digital River. You understand and agree that the
foregoing list of Direct Competitors represents a current list of Dell Direct Competitors as of the
date of execution of this Agreement and that other entities may become Direct Competitors in the
future.

7. Transferability — The Units are not transferable except as described in this Paragraph, and
the provisions of this Paragraph shall apply notwithstanding any other provision herein to the
contrary.

     (a) The Units are transferable by will or the laws of descent and distribution.

     (b) The Units may be transferred to (1) one or more “Family Members” (as defined below), (2)
a trust in which you or Family Members own more than 50% of the beneficial interests, (3) a
foundation in which you or Family Members control the management of assets or (4) any other entity
in which you or Family Members own more than 50% of the voting interests; provided, however, that
in any case, (A) the transfer is by way of gift or is otherwise a donative transfer or, in the
case of a transfer to an entity, the transfer is made in exchange for an interest in the entity
and (B) the transferee expressly acknowledges that the terms and provisions of this Agreement will
continue to apply to the Units in the hands of the transferee. For purpose of this provision, the
term “Family Member” shall mean your spouse, former spouse, child, stepchild, grandchild, parent,
stepparent, grandparent, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law or sister-in-law (including adoptive relationships) or any person
sharing your household (other than a tenant or employee). Notwithstanding the provisions of this
subparagraph (b), any transfer described herein must be made in compliance with such procedural
rules and regulations (including those pertaining to the timing of transfers) as are established
from time to time by the Committee.

     (c) The Units may be transferred under a domestic relations order in settlement of marital
property rights.

8. Trading Restrictions —The Company may establish periods from time to time during which your
ability to engage in transactions involving the Company’s stock is subject to specified
restrictions (“Restricted Periods”). Notwithstanding any other provisions herein, Units will not
vest, and Shares will not be issued, during an applicable Restricted Period and the applicable
period during which Units vest shall be extended until the end of such Restricted Period, unless
such vesting is specifically permitted by the Company (in its sole discretion). You may be subject
to a Restricted Period for any reason that the Company determines appropriate, including Restricted
Periods generally applicable to employees or groups of employees or Restricted Periods applicable
to you during an investigation of allegations of misconduct or Conduct Detrimental to the Company
by you.

9. Incorporation of Plan — This award is granted under the Plan and is governed by the terms of
the Plan in addition to the terms and conditions stated herein. All terms used herein with their
initial letters capitalized shall have the meanings given them in the Plan unless otherwise defined
herein. A copy of the Plan is available upon request from the Company’s Stock Option
Administration Department. Shares of common stock that are issued pursuant to this Agreement shall
be made available from authorized but unissued shares.

10. Prospectus — You may at any time obtain a copy of the prospectus related to the Dell common
stock underlying the Units by accessing the prospectus at
http://inside.us.dell.com/legal/corporate.htm. Additionally, you may request a copy of the
prospectus free of charge from the Company by contacting Stock Option Administration in writing at
Stock Option Administration, One Dell Way, Mail Stop 8038, Round Rock, Texas 78682, (512) 728-8644
or e-mail Stock_Option_Administrator @dell.com.

11. Notice — You agree that notices may be given to you in writing either at your home address as
shown in the records of the Company or your Employer, or by electronic transmission (including
e-mail or reference to a website or other URL) sent to you through the Company’s normal process for
communicating electronically with its employees.

12. No Right to Continued Employment — The granting of Units does not confer upon you any right to
expectation of employment by, or to continue in the employment of, your Employer.

13. Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation — By
accepting this Agreement and the grant of the Units evidenced hereby, you expressly acknowledge
that (a) the Plan is discretionary in nature and

 

 

may be suspended or terminated by the Company at
any time; (b) the grant of Units is a one-time benefit that does not create any contractual or
other right to receive future grants of Units, or benefits in lieu of Units; (c) all determinations
with respect to future grants, if any, including the grant date, the number of Units granted and
the vesting dates, will be at the sole discretion of the Company; (d) your participation in the
Plan is voluntary; (e) the value of the Units is an extraordinary item of compensation that is
outside the scope of your employment contract, if any, and nothing can or must automatically be
inferred from such employment contract or its consequences; (f) Units are not part of normal or
expected compensation for any purpose, and are not to be used for calculating any severance,
resignation, redundancy, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments, and you waive any claim on such basis; (g) the grant of an
equity interest in the Company gives rise to the Company’s need (on behalf of itself and its
stockholders) to protect itself from Conduct Detrimental to the Company, and your promises
described in Paragraph 7 (Return of Share Value) above are designed to protect the Company and its
stockholders from Conduct Detrimental to the Company; (h) vesting of Units ceases upon termination
of Employment for any reason except as may otherwise be explicitly provided in the Plan document or
in this Agreement; (i) the future value of the Units is unknown and cannot be predicted with
certainty; and (j) you understand, acknowledge and agree that you will have no rights to
compensation or damages related to Units or Shares in consequence of the termination of your
Employment for any reason whatsoever and whether or not in breach of contract.

14. Data Privacy Consent — As a condition of the grant of the Units, you consent to the
collection, use and transfer of personal data as described in this paragraph. You understand that
the Company and its Subsidiaries hold certain personal information about you, including your name,
home address and telephone number, date of birth, social security number, salary, nationality, job
title, any ownership interests or directorships held in the Company or its Subsidiaries and details
of all Units, Shares, stock options or other equity awards awarded or cancelled (“Data”). You
further understand that the Company and its Subsidiaries will transfer Data among themselves as
necessary for the purposes of implementation, administration and management of your participation
in the Plan, and that the Company and any of its Subsidiaries may each further transfer Data to any
third parties assisting the Company in the implementation, administration and management of the
Plan. You understand that these recipients may be located in the European Economic Area or
elsewhere, such as the United States. You authorize them to receive, possess, use, retain and
transfer such Data as may be required for the administration of the Plan or the subsequent holding
of shares of common stock on your behalf, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan, including any requisite
transfer to a broker or other third party with whom you may elect to deposit any shares of common
stock acquired under the Plan. You understand that you may, at any time, view such Data or require
any necessary amendments to it.

15. Governing Law and Venue — This Agreement and the Plan shall be governed by, and construed in
accordance with, the laws of the State of Delaware, United States of America. The venue for any
and all disputes arising out of or in connection with this Agreement shall be New Castle County,
Delaware, United States of America, and the courts sitting exclusively in New Castle County,
Delaware, United States of America shall have exclusive jurisdiction to adjudicate such disputes.
Each party hereby expressly consents to the exercise of jurisdiction by such courts and hereby
irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so,
any objection that it may now or hereafter have to such laying of venue (including the defense of
inconvenient forum).

16. Effect of Invalid Provisions — If any of the promises, terms or conditions set forth herein
are determined by a court of competent jurisdiction to be unenforceable, any Units that have not
vested as described above will expire at that time and you agree to return to the Company an amount
of cash equal to the Fair Market Value (as defined in the Plan) of all Shares theretofore issued to
you pursuant to this Agreement, determined as of the date such Shares were issued.

17. Acceptance of Terms and Conditions — This award will not be effective and you may not take
action with respect to the Units or the Shares until you have acknowledged and agreed to the terms
and conditions set forth herein in the manner prescribed by the Company. Failure to accept your
grant prior to the first vesting date will result in cancellation of your award. You should print
a copy of this award and your Grant Summary for your records.

Awarded subject to the terms and conditions stated above:

DELL INC.

	 	 	 
	By:

	 	/s/ Craig A. Briscoe
	 

	 	 
	 

	 	Craig A. Briscoe, VP, Global HR Operationsexv10w1

Exhibit 10.1

LIMITED PARTNERSHIP INTEREST PURCHASE AGREEMENT

This Agreement is made and entered into as of January 27, 2009, by and between Call Now, Inc., a
Nevada corporation (“Seller”), and Thomas R. Johnson and Colleen W. Johnson as Joint Tenants with
Right of Survivorship (“Purchaser”), with respect to a limited partnership interest in Cambridge at
Auburn, LP, a Texas limited partnership (“the “Partnership”).

RECITALS

     WHEREAS, Seller owns 100% of the Limited Partner interest in the Partnership which represents
95% of the total capital of the Partnership; and

     WHEREAS, the Partnership owns a student residential rental housing property in Auburn,
Alabama; and

     WHEREAS, the Partnership is operated pursuant to a Limited Partnership Agreement dated
November 30, 2006 between Seller as the limited partner and MS REALTY INVESTMENTS VII, LTD., a
Texas limited partnership, as general partner, as amended by Amendment No. 1 dated October 4, 2007
(collectively, the “Partnership Agreement”); and

     WHEREAS, Seller desires to sell, and Purchaser desires to purchase, a Limited Partnership
Interest in the Partnership and become a limited partner of the Partnership upon and subject to the
terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, Seller and Purchaser agree as follows:

1. Purchase and Sale of the Limited Partnership Interest. Purchaser agrees to purchase
from Seller and Seller agrees to sell, transfer, assign, convey and deliver to Purchaser at the
Closing provided for herein a limited partnership interest (the “Limited Partnership Interest”) in
the Partnership in the amount of 23.2446% of the Partnership interest of Seller. Such sale,
transfer and assignment include 23.2446% of the rights of the Seller in the profits, losses,
distributions and capital of the Partnership.

2. Purchase Price and Payment for the Limited Partnership Interest. The purchase price for
the Limited Partnership Interest shall be $400,000.00 (the “Purchase Price”), being an amount
agreed upon by the Purchaser and Seller to be the value of the Limited Partnership Interest being
acquired by the Purchaser from the Seller.

3. Consent of General Partner and Admission as a Limited Partner. It shall be a condition
to the closing of the transaction herein that, (a) the general partner of the Partnership has
consented to the sale and transfer of the Limited Partnership Interest from Seller to Purchaser and
the admission of the Purchaser as a limited partner of the Partnership substantially in accordance

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with the form annexed hereto as Exhibit A (the “GP Consent”) and (b) the Board of Directors of
Seller have duly consented to the purchase and sale herein (the “Seller Consent”).

4. Closing. Closing of the purchase and sale of the Limited Partnership Interest shall
take place at the office of the Seller within two (2) business days after the Purchaser has
received the executed GP Consent and the Seller Consent. At the closing the Purchaser will execute
and deliver a copy of the GP Consent and pay the Purchase Price to the Seller. In the event the
purchase and sale transaction has not closed by January 30, 2009 then the purchase and sale
transaction herein shall be null and void and the Purchaser shall promptly return any consent
received to the delivering party.

5. Representations, Covenants and Warranties of Seller. Seller hereby represents,
warrants and covenants to Purchaser as follows:

     (a) Seller has the authority to execute and deliver this Agreement and to consummate the sale
of the Limited Partnership Interest contemplated hereby, subject only to the consent of the general
partner of the Partnership. This Agreement constitutes the valid and binding agreement of Seller,
and is enforceable against Seller in accordance with its terms.

     (b) Seller knows of no requirement to make any filing with, or to obtain any permit,
authorization, consent or approval of, any governmental or regulatory authority as a condition to
the lawful consummation by Seller of the sale of the Limited Partnership Interest contemplated
hereby.

     (c) There are no actions (including litigation), proceedings or investigations pending, or to
Seller’s knowledge, threatened, or any verdicts or judgments entered against Seller by any court or
any administrative agency that might have a material adverse effect on this transaction.

     (d) The Seller is the sole owner of the Limited Partnership Interest being sold and
transferred under this agreement, free and clear of any and all liens or encumbrances, and will
defend the same against all claims and demands of all persons.

     (e) The Limited Partnership Interest being sold to Purchaser herein is not subject to any
restrictions, other than transfer restrictions pursuant to applicable securities laws and the
Partnership Agreement.

6. Representations, Covenants and Warranties of Purchaser. Purchaser hereby represents,
warrants and covenants to Seller as follows:

     (a) This Agreement constitutes the valid and binding agreement of Purchaser, enforceable
against Purchaser in accordance with its terms.

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     (b) Purchaser knows of no requirement to make any filing with, or to obtain any permit,
authorization, consent or approval of, any governmental or regulatory authority as a condition to
the lawful consummation by Purchaser of the transactions contemplated by this Agreement.

     (c) There are no actions (including litigation), proceedings or investigations pending, or to
Purchaser’s knowledge, threatened, or any verdicts or judgments entered against Purchaser by any
court or any administrative agency that might have a material adverse effect on this transaction,
financial or otherwise.

     (d) Purchaser is a sophisticated investor with knowledge and experience in business and
financial matters and is capable of evaluating the merits and risks of an investment in the Limited
Partnership Interest. Purchaser is able to bear the economic risk and lack of liquidity inherent in
owning the Limited Partnership Interest. Purchaser has reviewed the terms of the Limited
Partnership Agreement including the allocation of profit, losses and cash flows to the partners
therein.

     (e) Purchaser has conducted a due diligence investigation of the Partnership. In the course
of such investigation the Purchaser was offered access to the Partnership’s financial books and
records, tax returns, reports, mortgages, management agreements, documents and assets and the
opportunity to ask questions of, and to receive information from the general partner of the
Partnership and all such questions and requests for information have been answered to the full
satisfaction of the Purchaser.

7. Miscellaneous.

     (a) Seller and Purchaser shall, at any time after the Closing upon the request of the either
party or the Partnership, execute and deliver such documents or instruments of conveyance or
assignment or take such other action that is reasonably necessary to complete the transfer of the
Limited Partnership Interest contemplated by this Agreement.

     (b) Each of the parties hereto shall bear the costs of their respective counsel and all other
fees and costs related thereto. The parties shall hold each other harmless from any other
obligation for the payment of any finders fees or commissions in connection with the transactions
contemplated by this Agreement.

     (c) No provision of this Agreement may be modified and the performance or observance thereof
may not be waived except by written agreement of the parties affected hereby. No waiver of any
violation or non-performance of any provision of this Agreement shall be deemed to be a waiver of
any subsequent violation or non-performance of the same or any other provision of this Agreement.

     (d) This Agreement, the performance of the parties hereunder and any disputes related hereto
shall be governed by the laws of the State of Texas. The parties hereto agree that all actions or
proceedings arising in connection with this Agreement shall be tried and litigated exclusively in
the State and Federal courts located in the County of Bexar, State of Texas. If any

3

 

of the parties shall initiate a legal proceeding to enforce its rights hereunder, the
prevailing party in such legal proceedings shall be entitled to recover from the other party all
costs, expenses and reasonable attorneys’ fees incurred in connection with such proceedings.

     (e) This Agreement and the exhibit attached to this Agreement constitute the final, complete,
and exclusive statement of the terms of the agreement between the parties pertaining to the subject
matter of this Agreement and shall supersede all prior and contemporaneous understandings or
agreements of the parties. This Agreement may not be contradicted by evidence of any prior or
contemporaneous statements or agreements. No party has been induced to enter into this Agreement
by, nor is any party relying on, any representation, understanding, agreement, commitment or
warranty outside those expressly set forth in this Agreement.

     (f) This Agreement may be executed in two or more counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which together shall be deemed to be one
and the same agreement. A signed counterpart of this Agreement may be delivered by fax machine or
electronic mail and shall be binding to the same extent as a counterpart with an original
signature. Any party who delivers such a signed counterpart agrees to later deliver an original
signed counterpart to any party which requests it.

     AGREED TO AND ACCEPTED as of the date first above written.

	 	 	 	 	 	 	 
	CALL NOW, INC.	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	     /s/ Christopher J. Hall
	 	 	 	     /s/ Thomas R. Johnson
	 

	 	 
	 	 	 	 
	 

	 	Christopher J. Hall

Chairman
	 	 	 	Thomas R. Johnson
	 
	 

	 	 	 	 	 	     /s/ Colleen W. Johnson
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Colleen W. Johnson

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