Document:

exv10w8

 

Exhibit 10.8

DELL INC.

Stock Unit Agreement

	 	 	 	 	 
	 	 	 
	 	Recipient:

	 	Date of Grant:	 
	 	 
	 	 	 
	 	Identification No.:

	 	Number of Units:	 
	 	 
	 	 	 
	 	Employee No.:
	 	 	 
	 	 
	 	 	 
	 	 	 

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
above. 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.

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 following schedule:

	 	 	 
	Number of Units	 	Date
	 

  

  

 

	 	 

 

 

 

Notwithstanding the foregoing schedule, the Company, with the approval of the Chief Executive
Officer and upon written notice to you, may defer the vesting with respect to all or any portion of
the Units to any date that is not more than ten years after the Date of Grant stated above.

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, currently UBS Financial Services Inc., 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.

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 40day 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, you shall be deemed to “solicit the Company’s employees” if you,
directly or indirectly, solicit, recruit, advise, attempt to influence or otherwise induce or
persuade, directly or indirectly (including encouraging another person to influence, induce or
persuade), any person employed by the Company or any of its Subsidiaries to leave the employ of the
Company or any of its Subsidiaries (except for those actions that are within the scope of your
Employment that are taken on behalf of the Company or its Subsidiaries).

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, and CDW. 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 Company’s 2002 Long-Term Incentive Plan
(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 Paragraph7 (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 Williamson County,
Texas, United States of America, and the courts sitting exclusively in Williamson County, Texas,
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.

 

Awarded subject to the terms and conditions stated above:

DELL INC.

By:exv10w9

 

Exhibit 10.9

DELL INC.

Restricted Stock Agreement

	 	 	 	 	 
	 	 	 
	 	 
	 	 	 
	 	Recipient:

	 	Date of Grant:	 
	 	 
	 	 	 
	 	Identification No.:

	 	Number of Shares:	 
	 	 
	 	 	 
	 	 
	 	 	 
	 	 	 

Dell Inc., a Delaware Corporation (the “Company”), is pleased to grant you shares of the Company’s
common stock, subject to the restrictions described below. The number of shares awarded to you (the
“Shares”) is stated above. This award is subject to the following terms and conditions.

Restrictions and Shares— The Shares are subject to the following restrictions (referred to
herein as the “Restrictions”):

Transfer Restrictions — You may not sell, assign, transfer, pledge or otherwise dispose of any
Shares with respect to which the Restrictions have not lapsed as described below.

Forfeiture Restrictions — If you cease to be a director for any reason other than your death or
Permanent Disability (as defined in the Plan described below), you will forfeit any Shares with
respect to which the Restrictions have not lapsed as described below. Any Shares that are
forfeited shall be returned to the Company and cancelled, and all of your rights to those Shares
will terminate, without any payment of consideration by the Company.

Lapse of Restrictions — The Restrictions will lapse with respect to the Shares in accordance with
the following schedule:

	 	 	 
	Number	 	Date
	 

	 	 
	 

	 	 
	 

	 	 
	 

	 	 

Notwithstanding the above, if you cease to be a director by reason of your death or Permanent
Disability, the Restrictions will lapse immediately and automatically with respect to all Shares
upon such termination.

Ownership of Shares — The Company will issue the Shares in your name in the form of an entry into
a share memo account with the Company’s stock transfer agent. The account will show that the
Shares are subject to the Restrictions. Subject to the terms and conditions described herein, you
shall be entitled to all the rights of beneficial ownership of the Shares while they are held in
the share memo account, including the right to vote the Shares and

to receive dividends if, as and when declared by the Company’s Board of Directors.

Until the Restrictions have lapsed or the Shares are forfeited and cancelled, the Shares shall be
held in the share memo account and you shall not be entitled to receive certificates representing
the Shares. After the Restrictions have lapsed with respect to Shares, you (or, in the case of
your death or Permanent Disability, your legal representatives, legatees, distributees or guardian)
shall have the right to have such Shares certificated and transferred in accordance with the
transfer agent’s procedures generally applicable to all stockholders.

In order to facilitate the transfer back to the Company of any Shares that are forfeited and
cancelled as described herein, you must sign and deliver the attached stock power for the Shares to
the Company’s Stock Option Administration Department. Upon the forfeiture of Shares, such Shares
will be transferred back to the Company pursuant to such stock power and cancelled.

Agreement With Respect to Taxes — You must pay any taxes that are required to be withheld by the
Company. You may pay such amounts in cash or make other arrangements satisfactory to the Company
for the payment of such amounts. You agree that if you do not pay, or make arrangements for the
payment of, such amounts, the Company, to the fullest extent permitted by law, shall have the right
to deduct such amounts from any payments of any kind otherwise due to you and shall have the right
to withhold from Shares for which Restrictions have lapsed the number of Shares having an aggregate
market value at that time equal to the amount you owe.

Black-Out Periods— In order to minimize the potential for prohibited “insider” trading, the
Company may establish periods from time to time during which you may not engage in transactions
involving the Company’s stock (“Black-Out Periods”). Notwithstanding any other provisions
herein, Restrictions will not lapse with respect to

 

 

any Shares during an applicable Black-Out Period and the applicable period during which Shares
shall be subject to the Restrictions shall be extended until the end of such Black-Out Period.

Incorporation of Plan — This award is granted under the Company’s 2002 Long-Term Incentive 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.

Prospectus — You may at any time obtain a copy of the prospectus related to your purchase of Dell
common stock pursuant to this Share award agreement 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 by e-mail at Stock_Option_Administrator@dell.com.

Data Privacy Consent — As a condition of the grant of the Shares, 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, nationality, any shares of common
stock held in the Company, and details of all options or other entitlements to shares of common
stock awarded, cancelled, exercised, vested, or unvested (“Data”). You further understand that the
Company

and its Subsidiaries will transfer Data amongst 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.

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 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 directors.

Acceptance of Terms and Conditions — This award will not be effective until you have acknowledged
and agreed to the terms and conditions set forth herein by executing this agreement in the space
provided below and returning it to the Company’s Stock Option Administration Department.

 

	 	 	 
	Awarded subject to the terms and conditions stated above:

	 	 
	 

	 	 
	 

	 	Recipient’s Signature
	DELL INC.
	 	 
	 
	 	 
	By:
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	Accepted under the terms and conditions stated above
	 	 

 

 

Exhibit 10.9

STOCK POWER

For value received, the undersigned individual (“Assignor”) hereby sells, assigns and transfers
unto Dell Inc., a Delaware corporation (“Assignee”),                     shares of the common
stock, par value $.01 per share (the “Shares”), of Dell Inc., a Delaware corporation (“Issuer”),
standing in the name of Assignor on the books of Issuer represented by Account Number
                     and hereby irrevocably constitutes and appoints the Secretary of Issuer, with
full power of substitution, as the agent for Assignor to transfer the Shares on the books of
Issuer.

Executed effective as of                            ,        .

	 	 	 
	 

	 	 
	 	 	 
	Signature of Assignor
	 	 

Do not date the stock power or complete any other information.

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