Saks Fifth Avenue 2008 Annual Report Download - page 184

ARTICLE 7
ADMINISTRATION
The Board or its designee shall appoint a Committee consisting of not less than three (3) persons to administer the Plan. Any
member of the Committee may at any time be removed, with or without cause, and his successor appointed by the Human
Resources and Compensation Committee of the Board or its designee, and any vacancy caused by death, resignation or other
reason shall be filled by the Human Resources and Compensation Committee of the Board or its designee. The Committee shall
be the plan administrator of the Plan and in general shall be responsible for the management and administration of the Plan. The
Committee shall have full power to administer the Plan in all of its details, subject to applicable requirements of law. No
member of the Committee who is an employee of the Participating Companies shall receive compensation for his services to the
Plan. The Committee shall have such duties and powers as may be necessary to discharge its duties under this Plan.
The fiscal records of the Plan shall be maintained on the basis of the Plan Year.
The Committee may act at a meeting or in writing without a meeting. The Committee may adopt such by-laws and regulations
as it deems desirable for the conduct of its affairs. All decisions shall be made by majority vote. No member of the Committee
who is at any time a Participant in this Plan shall vote in a decision of the Committee (whether in a meeting or by written action)
made specifically and uniquely with respect to such member of the Committee or amount, payment, timing, form or other aspect
of the benefits of such Committee member under this Plan.
Any claim for benefits under the Plan shall be handled by the Committee, pursuant to the claims procedures established under
the 401(k) Plan, which procedures are incorporated herein by this reference. No action at law or in equity or other litigation may
be brought to recover benefits under the Plan unless brought within 12 months after the issuance of the Committee’s decision on
review of the claim upon which the cause of action is based or, if earlier, the date on which the cause of action occurred with
respect to any matter that is the subject of such litigation. Benefits will be paid under the Plan only if the Committee or its
delegate, in its discretion, determines that an applicant is entitled to them.
Whenever, in the Committee’s opinion, a person entitled to receive any payment of a benefit or installment thereof hereunder is
under a legal disability or is incapacitated in any way so as to be unable to manage his financial affairs, the Committee may
direct payments to such person or to his legal representative or to a relative or friend of such person for his benefit, or the
Committee may direct the payment for the benefit of such person in such manner as the Committee considers advisable. Any
payment of a benefit or installment thereof in accordance with the provisions of this Section shall be a complete discharge to the
Committee and the Participating Companies of any liability for the making of such payment under the provisions of the Plan.
7.01 General Administration.
7.02 Committee Procedures.
7.03 Claims Procedures
7.04 Facility of Payment.
12/14/2008
7 - 1