Neiman Marcus 2003 Annual Report Download - page 318

Exhibit 10.35
THE NEIMAN MARCUS GROUP, INC.
NON-QUALIFIED STOCK OPTION AGREEMENT
ISSUED PURSUANT TO 1997 INCENTIVE PLAN
AGREEMENT made as of this day of , , by and between THE NEIMAN MARCUS GROUP,
INC., a corporation duly organized under the laws of the State of Delaware (the "Corporation"), and Name, an employee of the
Corporation or of one or more of its subsidiaries (the "Optionee").
WITNESSETH THAT:
WHEREAS, the Corporation has adopted for the benefit of key employees The Neiman Marcus Group, Inc. 1997 Incentive
Plan on January 17, 1997 (the "Plan") and approved by its stockholders on that date;
WHEREAS, in accordance with the terms of the Plan, two or more disinterested members of the Board of Directors of the
Corporation (the "Board") have been designated as a committee (the "Committee") to administer the Plan in accordance with the terms
and provisions thereof; and
WHEREAS, the Committee has selected the Optionee to participate in the Plan by the grant of a stock option which it is
understood and agreed will not qualify as an incentive stock option under the provisions of Section 422 of the Internal Revenue Code
of 1986;
NOW, THEREFORE, for and in consideration of the mutual covenants hereinafter set forth and for other good and valuable
consideration, it is agreed as follows:
1. GRANT OF OPTION. The Corporation hereby grants to the Optionee a non-qualified stock option (the "Option") to
purchase up to Amountshares of its Class A Common Stock at $ per share, being equal to 100% of the fair market value of such
stock on the date hereof, determined in accordance with the provisions of said Plan. The Optionee's right to purchase said stock shall
be exercised in the manner and subject to the terms and conditions hereinafter provided. The Corporation shall, at all times while the
Option is in force, reserve such number of shares of Class A Common Stock as will be sufficient to satisfy the requirements of this
Agreement.
2. TIME OF EXERCISE OF THE OPTION. During the first year the Option is outstanding it may not be exercised with
respect to any of the shares covered thereby; during the second year it may be exercised as to not more than 20% of the total number
of shares covered thereby, less the number of shares previously purchased thereunder;
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