Neiman Marcus 2007 Annual Report Download - page 167

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Article 7. - MISCELLANEOUS
7.1. Nonassignability. None of the benefits, payments, proceeds or claims of any Participant or beneficiary shall be subject to any
claim of any creditor and, in particular, the same shall not be subject to attachment or garnishment or other legal process by any
creditor, nor shall any Participant or beneficiary have any right to alienate, anticipate, commute, pledge, encumber or assign any of the
benefits or payments or proceeds which he or she may expect to receive, contingently or otherwise, under this Plan.
7.2. Limitation on Participants' Rights. Participation in this Plan shall not give any Eligible Employee the right to be retained
in the employ of a Participating Employer or any right or interest in the Plan other than as herein provided. Each Participating
Employer reserves the right to dismiss any Eligible Employee without any liability for any claim against the Participating Employer,
except to the extent provided herein.
7.3. Participants Bound. Any action with respect to this Plan taken by the Committee, the Company, or any other
Participating Employer, or any action authorized by or taken at the direction of the Committee, the Company, or any other
Participating Employer, shall be conclusive upon all Participants and beneficiaries entitled to benefits under the Plan.
7.4. Receipt and Release. Any payment to any Participant or beneficiary in accordance with the provisions of this Plan shall,
to the extent thereof, be in full satisfaction of all claims against the Company, any other Participating Employer, and the Committee,
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
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