Neiman Marcus 2007 Annual Report Download - page 189

Download and view the complete annual report

Please find page 189 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.

Page out of 206

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206

purposes of determining the portion of any bonus or similar remuneration that will be counted for this purpose, only
a pro rata portion of such remuneration will be counted, with such pro rata portion determined by multiplying the
amount of such remuneration for the Plan Year, by a fraction, the numerator of which is the number of days the
Employee qualified as an Eligible Employee for the Plan Year and the denominator of which is 365; and
(2) In addition, the Eligible Employee shall not be eligible to receive any further Defined
Contributions for any future Plan Year, unless the Employee subsequently qualifies as an Eligible Employee.
(b) Termination of Employment for any Reason Other Than Cause. If an Eligible Employee ceases to be
employed by an Employer at any time during the Plan Year for any reason other than a termination of employment by the
Employer for Cause, the Company will credit, as soon as administratively practicable following the date the Eligible
Employee terminates employment with the Employer, to the Defined Contribution Account of such Eligible Employee, a
Defined Contribution equal to the amount that the Eligible Employee accrued for the Plan Year ending on the date such
Eligible Employee terminated employment, except that no amount will be credited for any portion of any bonus or similar
remuneration, if any, that is paid to the Eligible Employee following the date of his or her termination of employment, and no
additional Defined Contribution will be credited for such Eligible Employee.
(c) Termination of Employment for Cause. If an Eligible Employee ceases to be employed by an Employer at
any time during the Plan Year as a result of a termination of employment by the Employer for Cause, all Defined
Contributions that have been credited on behalf of such Eligible Employee shall be forfeited. Furthermore, in such instances,
no amounts will be credited to such Eligible Employee's Defined Contribution Account for the Plan Year in which such
termination of employment occurs.