Neiman Marcus 2005 Annual Report Download - page 171
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Employer or an Affiliate or, with respect to an employee who terminates employment prior to completing a Year of Service,
completion of the twelve consecutive month period beginning on the date the employee first performs an hour of service upon
reemployment with an Employer or an Affiliate during which the employee is continuously employed by an Employer or an Affiliate.
For purposes of this Plan, an "hour of service" shall mean each hour for which an employee is paid or entitled to payment for the
performance of duties for an Employer or an Affiliate.
ARTICLE 3. PARTICIPATION
3.1 Commencement of Participation. Any Eligible Employee shall become a Participant on the effective date of an
election to defer Compensation in accordance with Section 4.1 or, if earlier, on the date an Employer makes a Discretionary Credit to
his or her Account.
3.2 Continued Participation. An individual who has become a Participant in the Plan shall continue to be a Participant
so long as any amount remains credited to his or her Account.
ARTICLE 4. DEFERRALS AND CREDITS
4.1 Elective Deferrals.
(a) Base Pay. An individual who is or will be an Eligible Employee as of any January 1 may elect to defer a
designated whole percentage, not to exceed 15 percent, of all Base Pay that is payable to the individual for services to be
performed on or after that date by filing an election with the Committee prior to that January 1. Any such election shall be
irrevocable as of such January 1 (or such earlier date as the Committee may prescribe). In addition, an individual who first
becomes an Eligible Employee after January 1, 2006 may elect before the date he or she first becomes an Eligible Employee,
or within 30 days thereafter, to defer a designated whole percentage, not to exceed 15
7