Neiman Marcus 2005 Annual Report Download - page 165
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THE NEIMAN MARCUS GROUP, INC.
KEY EMPLOYEE DEFERRED COMPENSATION PLAN
(Effective January 1, 2006)
ARTICLE 1. INTRODUCTION
1.1 Purpose of Plan. The Employers have adopted this Key Employee Deferred Compensation Plan as a nonqualified
deferred compensation arrangement to provide a means by which certain eligible employees may defer Compensation.
1.2 Status of Plan. The Plan is intended to be "a plan which is unfunded and is maintained by an employer primarily
for the purpose of providing deferred compensation for a select group of management or highly compensated employees" within the
meaning of Sections 201(2) and 301(a)(3) of ERISA and is intended to comply with the requirements of Code section 409A, and shall
be interpreted and administered in a manner consistent with those intentions.
ARTICLE 2. DEFINITIONS
Wherever used herein, the following terms have the meanings set forth below, unless a different meaning is clearly required
by the context:
2.1 "Account" means, for each Participant, the account established for his or her benefit under Section 5.1.
2.2 "Affiliate" means any corporation or organization that together with an Employer is treated as a single employer
under Section 414(b) or (c) of the Code.
2.3 "Base Pay" means the base salary payable by an Employer to an employee, including amounts that would have
been payable to the employee as base salary but for an election under Section 125 of the Code, a deferral election under the Savings
Plan, or a deferral election under this Plan.