Neiman Marcus 2005 Annual Report Download - page 176
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or her Account. Each other individual who is or will be an Eligible Employee as of or after January 1, 2006 who does not
elect to commence making Elective Deferrals to the Plan effective as of January 1, 2006 but who makes an initial election
subsequent to January 1, 2006 to commence making Elective Deferrals to the Plan pursuant to Section 4.1(a) or (b) at a time
when he or she had not yet become a Participant shall, on or before the deadline applicable to such initial election to begin
making Elective Deferrals to the Plan, elect the time and form of payment from among the options set forth in this Section for
the amounts credited to his or her Account. Each other individual who is an Eligible Employee but who has not made an
election to make Elective Deferrals to the Plan who first becomes a Participant in the Plan on the date an Employer makes a
Discretionary Credit to an Account for such Participant shall, prior to the date that is thirty (30) days after the date such
Eligible Employee first becomes a Participant, elect the time and form of payment from among the options set forth in this
Section for the amount credited to his or her Account.
(b) The options available for the commencement of payment from a Participant's Account are:
(i) the first calendar quarter following the calendar quarter in which the Participant ceases to be
employed by an Employer or any Affiliate of an Employer; or
(ii) the first calendar quarter of the calendar year immediately following the calendar year in which
the Participant ceases to be employed by an Employer or any Affiliate of an Employer.
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