Neiman Marcus 2005 Annual Report Download - page 187
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all claims against the Employers and the Committee under this Plan, and the Committee may require such Participant or beneficiary,
as a condition precedent to such payment, to execute a receipt and release to such effect. If any Participant or beneficiary is
determined by the Committee to be incompetent by reason of physical or mental disability (including minority) to give a valid receipt
and release, the Committee may cause the payment or payments becoming due to such person to be made to another person for his or
her benefit without responsibility on the part of the Committee or the Employer to follow the application of such funds.
9.6 Governing Law. This Plan shall be construed, administered, and governed in all respects under and by the internal
laws (and not the principles relating to conflicts of laws) of the State of Texas, except where superseded by federal law. If any
provision shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall
continue to be fully effective.
9.7 No Guarantee of Tax Consequences. No person connected with the Plan in any capacity, including, but not limited
to, the Employers and any Affiliate and their respective directors, officers, agents and employees, makes any representation,
commitment or guarantee that any tax treatment, including, but not limited to, federal, state and local income, estate and gift tax
treatment, will be applicable with respect to any amounts deferred or payable under the Plan or that such tax treatment will apply to or
be available to a Participant on account of participation in the Plan.
9.8 Adoption by Other Employers. With the consent of the Board of Directors of the Company, this Plan may be
adopted by any Affiliate, such adoption to be effective as of the date specified by such Affiliate at the time of adoption.
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