Neiman Marcus 2005 Annual Report Download - page 180

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6.6 Changes in Time and Form of Payment. A Participant may change his or her elections under Section 6.1 regarding
the time at which his or her Account will be paid or begin to be paid, or the form of such payment, or both, after commencing
participation in the Plan provided that (i) no such change shall be effective until 12 months after the date such modified election is
made, (ii) no change related to a payment that is to be made at a fixed time or pursuant to a fixed schedule may be made less than
twelve months prior to the date the payment is scheduled to be paid or, in the case of installment payments elected pursuant to Section
6.1(ii) (which shall be treated for purposes of this Plan as a "single payment"), twelve months prior to the date the first amount was
scheduled to be paid, and (iii) except with respect to payments to be made on account of death or an unforeseeable emergency, the
payment made pursuant to any such subsequent election is deferred for a period of not less than five years from the date such payment
would otherwise have been paid or, in the case of installment payments elected pursuant to Section 6.1(ii) (which shall be treated for
purposes of this Plan as a "single payment"), five years from the date the first amount was scheduled to be paid.
6.7 Withholding. There shall be deducted from all amounts paid under this Plan any taxes and other amounts required
to be withheld by any Federal, state, local or other government. The Participant and/or his or her beneficiary (including his or her
estate) shall bear all taxes on amounts paid under this Plan to the extent that no taxes are withheld, irrespective of whether withholding
is required. The Participant will be required to pay to his or her Employer the amount of any federal, state or local taxes required by
law to be withheld in connection with the Plan in the event that such Participant is not being paid by an Employer or amounts being
paid by an Employer to such Participant are insufficient to satisfy any such withholding obligation.
16