Neiman Marcus 2005 Annual Report Download - page 173
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time at which the Savings Plan requires the suspension of all elective contributions and deferrals under all plans maintained
by an Employer upon the receipt of such a hardship withdrawal, then (i) any election to defer Base Pay pursuant to this Plan
in effect at the time of such hardship distribution from the Savings Plan shall be revoked at the time the employee receives
such distribution and such employee shall not be eligible to make a new election to defer Base Pay for any period beginning
prior to the January 1 following the date that is six months after the date such hardship distribution was made, and (ii) any
election to defer a Bonus pursuant to this Plan for a fiscal year ending less than six months after the date of the receipt of the
hardship distribution from the Savings Plan shall be revoked at the time the employee receives such hardship distribution
from the Savings Plan and such employee shall not be eligible to make a new election to defer a Bonus for any fiscal year
ending less than six months after the date such hardship distribution was made.
(d) Each election under this Section 4.1 shall be made in writing on a form approved or prescribed by the
Committee. The amount of each payment that is deferred hereunder shall be credited to the Participant's Account as of the
date such amount would otherwise have been paid to the Participant.
4.2 Matching Deferrals. As of the last day of each payroll period during which a credit is made to a Participant's
Account with respect to such Participant's election to defer Base Pay or Bonus pursuant to Section 4.1, such Participant's Employer
shall credit to the Participant's Account a Matching Deferral equal to:
(a) 100% of the sum of (i) the Participant's Elective Deferrals for such payroll period and (ii) the Participant's
Maximum Savings Plan Deferrals for such payroll period,
9