Famous Footwear 2003 Annual Report Download - page 38

"Credit Date" means each date on which Deferred Compensation is credited to an Account in accordance with rules prescribed by the
Committee.
2.10 Deferred Compensation.
"Deferred Compensation" means the Compensation elected by the Participant to be deferred pursuant to the Plan.
2.11 Election.
"Election" means a Participant's delivery of a written notice of election to the Committee or its designee electing to defer payment of a
specified percentage of his or her Compensation (in accordance with rules prescribed by the Committee) until such time as permitted by the
Committee.
2.12 Employee.
"Employee" means an individual classified by the Committee as a full-time, regular salaried employee of the Company.
2.13 Participant.
"Participant" means an Employee who is selected by the Committee to be eligible to participate in the Plan and who has made an
Election.
2.14 Plan.
"Plan" means this Brown Shoe Company, Inc. Deferred Compensation Plan, as amended from time to time.
2.15 Plan Year.
"Plan Year" means the period beginning on February 1, 2003 and ending on December 31, 2003 and, thereafter, means the annual
period commencing January 1 and ending the following December 31.
2.16 Termination.
"Termination" means termination of services as an Employee for any reason.
2
3. ADMINISTRATION
Full power and discretionary authority to construe, interpret and administer the Plan shall be vested in the Committee. This power and
authority includes, but is not limited to, selecting which Employees are eligible to participate in the Plan, selecting Compensation eligible for
deferral, selecting investment indices, establishing the level of Company Credits (if any) to the Plan, establishing deferral terms and
conditions, receiving and approving beneficiary designation forms, and adopting modifications, amendments and procedures as may be
deemed necessary, appropriate or convenient by the Committee. Decisions of the Committee shall be final, conclusive and binding upon all
parties. The Committee, in its sole discretion, may delegate day-to-day administration of the Plan to an employee or employees of the
Company or to a third-party administrator. The Committee may also rely on outside counsel, independent accountants or other consultants
or advisors for advice and assistance in fulfilling its administrative duties under the Plan.
4. ELIGIBILITY
The Committee shall have the authority to select from management and/or highly compensated employees those Employees who shall
be eligible to participate in the Plan and the date on which such Employees may commence participation. The initial list of eligible employees
is set forth in Appendix A.
5. PARTICIPANT ACCOUNTS
Upon a Participant's initial election to participate in the Plan, there shall be established an Account, as designated by the Participant, to
which there shall be credited any Deferred Compensation as of each Credit Date. The Account shall be credited or debited, as appropriate, on
each Accounting Date with income or loss, as appropriate, based upon a hypothetical investment in any one or more of the investment
options available under the Plan, as prescribed by the Committee for the particular Compensation credited.
6. TERMS OF PARTICIPATION
6.1 In General.
Any Employee selected by the Committee to participate in the Plan may elect to do so by delivering to the Committee or its designee an
Election on a form prescribed by the Committee, electing the timing and form of distribution (if applicable), and setting forth the manner in
which such Deferred Compensation shall be credited with investment gains and losses in accordance with Section 5. A Participant's initial
Election must be filed at such time as designated by the Committee, but in no event later than the day immediately preceding the first day of
the Plan Year to which such Election relates. A Participant may submit a new Election for any subsequent year in order to change the election