Neiman Marcus 2007 Annual Report Download - page 173

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(i) the amount of benefit payable under the Plan after December 31, 2007 with respect to a
Participant who is an Eligible Participant as of such date but who is not a Grandfathered Rule of 65
Employee shall be determined as if such Participant had a Termination of Employment effective as of
December 31, 2007, provided, however, that any such Participant shall not be treated as having a
Termination of Employment for purposes of determining whether he or she has attained Normal Retirement
Age until his or her actual Termination of Employment and benefit payments shall not commence to any
such Participant until payments would otherwise commence to such Participant under the terms of the Plan;
and
(ii) a Participant who is not a Grandfathered Rule of 65 Employee shall continue to be entitled to
credit for Service after December 31, 2007 for purposes of determining whether such Participant has
attained the required years of Service to vest in a benefit or to commence receiving a benefit prior to
Normal Retirement Date, but not for purposes of the calculation of the amount of such benefit.
IN WITNESS WHEREOF, this Amendment has been executed this 20th day of December, 2007 to be effective as provided
herein.
THE NEIMAN MARCUS GROUP, INC.
By: /s/ Marita O'Dea
Senior Vice President and Chief Human
Resource Officer
29