Neiman Marcus 2005 Annual Report Download - page 177

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(c) The options available for the form of payment from a Participant's Account are:
(i) a single lump sum payment; or
(ii) annual installments to be paid in the same calendar quarter each year over a period elected by the
Participant up to ten (10) years, the amount of each installment to equal the balance of his or her Account
immediately prior to the installment divided by the number of installments remaining to be paid.
(d) The foregoing elections shall be made on a form approved or prescribed by the Committee. Each such
election shall be irrevocable as of the deadline for making such election as provided above, except as otherwise provided in
Section 6.6. In the event a Participant fails to make a valid election by the time provided in this Section, the Participant shall
be deemed to have elected options (b)(i) and (c)(i) above.
(e) Notwithstanding the preceding provisions of this Section, if the total amount credited to a Participant's
Account as of the date the Participant ceases to be employed by an Employer or any Affiliate of an Employer is less than
$10,000, distribution of the entire Account shall be made in the form of a single lump sum payment to be made no later than
the later of December 31 of the calendar year in which the Participant ceased being employed by an Employer or any
Affiliate of an Employer, or the 15th day of the third month following the date on which the Participant ceased being
employed by an Employer or any Affiliate of an Employer.
6.2 Retirement and Other Termination of Employment. Upon termination of a Participant's employment with the
Employers and all Affiliates on account of the Participant's Retirement, the Participant's Account shall be paid to the Participant at the
time and in the form
13