Neiman Marcus 2005 Annual Report Download - page 178

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elected pursuant to Section 6.1. Upon termination of a Participant's employment with the Employers and all Affiliates for any reason
other than death or Retirement, the Participant's Account shall be paid to the Participant in a single lump sum payment during the
calendar quarter immediately following the calendar quarter in which such termination of employment occurs.
6.3 Death. If a Participant dies prior to the complete distribution of his or her Account, the balance of the Account
shall be paid in a single lump sum payment in the first calendar quarter following the calendar quarter in which the Participant died to
the Participant's designated beneficiary or beneficiaries. Any designation of beneficiary shall be made by the Participant in writing on
a form approved or prescribed by the Committee, shall be effective upon receipt by the Committee, and may be changed by the
Participant at any time. If there is no such designation or no designated beneficiary survives the Participant, payment shall be made to
the Participant's surviving spouse or, if none, to his or her issue per stirpes, in a single lump sum payment. If no spouse or issue
survives the Participant, payment shall be made in a single lump sum to the Participant's estate.
6.4 Change in Control. In the event of a Change in Control on or after January 1, 2006, all amounts credited to a
Participant's Account shall be distributed in a single lump sum payment at the time of such Change in Control or within five business
days thereafter. Notwithstanding the preceding, a Change in Control shall not be deemed to have occurred with respect to the Account
of a Participant for purposes of this Section unless such Change in Control is a permitted distribution event with respect to such
Participant pursuant to Code Section 409A(a)(2)(A)(v).
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