Neiman Marcus 2007 Annual Report Download - page 158
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Please find page 158 of the 2007 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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between the Participant's 60th and 62nd birthday by which the benefit starting date precedes the month in which the
Participant attains age 62, and reduced further by 1/240th for each month by which the benefit starting date precedes
the month in which the Participant attains age 60; and
(2) is the Participant's monthly early retirement benefit, if any, under the Basic Plan (increased by his or her
monthly early retirement benefit, if any, under the Augmentation Plan and any Individual Pension Agreement),
calculated as though payable in the Normal Form.
If the Participant is not eligible for an early retirement benefit under the Basic Plan (or, if applicable, the Augmentation Plan
or any Individual Pension Agreement) at the time a benefit becomes payable under this Plan, the monthly benefit under this Plan will
be determined without reduction for such early retirement benefit until such time as the Participant could begin to receive a benefit
under the Basic Plan (or Augmentation Plan or Individual Pension Agreement), and will then be reduced by the amount of each such
benefit calculated as though payable in the Normal Form.
(b) The monthly benefit payable to a Participant under this Section 4.2 shall commence at the same time as the early
retirement benefit payable under the Basic Plan. However, if no benefit is payable to a Participant under the Basic Plan before his or
her Normal Retirement Date, the benefit payable under this Section 4.2 shall commence on the first day of the month coinciding with
or next following the Participant's retirement, or such later month (up to the Participant's Normal Retirement Date) as the Participant
may elect. Such election must be made at least 90 days before
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