Saks Fifth Avenue 2008 Annual Report Download - page 170

2.18 “Employee” means a person, other than an independent contractor, who is receiving remuneration from the Employer for
services rendered to, or labor performed for, the Employer (or who would be receiving such remuneration except for an
authorized leave of absence). The term Employee shall also include Directors.
2.19 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.
2.20 “Frozen Account” means the Participant’s account balance in this Plan as of December 31, 2004, plus subsequent Investment
Credits thereon and minus any distributions therefrom.
2.21 “Initial Eligibility Period” means the thirty (30) day period beginning on the date an Employee first becomes eligible to
participate in the Plan.
2.22 “In-Service Class Share” means a Class Share used to account for amounts to be distributed at a specified time selected by the
Participant without regard to the Participant’s Retirement.
2.23 “Investment Credits” means amounts credited by a Participating Company to a Participant’s Account pursuant to Section 4.06.
2.24 “Lost Match Amounts” means amounts credited by a Participating Company to a Participant’s Deferred Compensation
Account pursuant to Section 4.03.
2.25 “Open Enrollment Period” means a period established by the Committee or its representative during which eligible Employees
are allowed to enroll in the Plan and/or make Deferral Elections.
2.26 “Other Employer Amounts” means amounts credited by a Participating Company to a Participant’s Deferred Compensation
Account pursuant to Section 4.04.
2.27 “Partici
p
ant” means an eligible Employee participating in the Plan pursuant to the provisions of Article 3 hereof.
2.28 “Participating Company” means the Corporation and any organization which is in the Corporation’s controlled group within
the meaning of Code section 1563(a).
2.29 “Plan” means this Saks Incorporated Deferred Compensation Plan as established and set forth herein (together with any and all
supplements hereto), and as amended from time to time.
2.30 “Plan Year” means the twelve (12) consecutive month period beginning on each January 1 and ending on each following
December 31 thereafter (the calendar year).
2.31 “Retirement” means the Participan
t
’s Separation from Service after having met either of the following conditions:
(a) attainment of age 65 while actively employed by one or more of the Participating Companies;
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