Neiman Marcus 2003 Annual Report Download - page 190

5.3 Modification of form or time of payment. Each election under Section 5.2 as to form of payment may be modified,
effective for any amounts credited under Section 5.1 for service on or after the first day of any fiscal year of the Company, by an
election filed before such date. Moreover, a majority of the disinterested members of the Committee may, at their discretion, at the
request or with the consent of a Participant, change the form (or, in the case of elective deferrals, the time) of payment elected by such
Participant with respect to amounts previously credited to his or her Account pursuant to Article 4 or this Article 5, provided that (a)
the revised form of payment be one of the forms permitted by Sections 4.5 and 5.2, and (b) no such change shall be effective unless
made at least 24 months prior to the date such amounts would otherwise have been paid.
ARTICLE 6
Administration
6. 1. Plan administration and interpretation. The Plan shall be administered by the Committee which may appoint
persons to assist in the administration of the Plan. The Committee shall have complete control and authority to determine the rights
and benefits and all claims, demands and actions arising out of the provisions of the Plan of any Participant or other person having or
claiming to have any interest under the Plan. The Committee shall have the exclusive power to interpret the Plan and to decide all
matters under the Plan. Such interpretation and decision shall be final, conclusive and binding on all Participants and any person
claiming under or through any Participant, in the absence of clear and convincing evidence that the Committee acted arbitrarily and
capriciously. Any individual serving on the Committee who is a Participant will not vote or act on any matter relating solely to himself
or herself. When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a
Participant or the Company.
6.2. Powers, duties, procedures, etc. The Committee shall have such powers and duties, may adopt such rules and
tables, may act in accordance with such procedures, may appoint such officers or agents, and may delegate such powers and duties as
it deems necessary or advisable for the administration of the Plan.
6.3. Information. To enable the Committee to perform its functions, the Company shall supply full and timely
information to the Committee on all matters relating to the service of Participants as members of the Board and such other pertinent
facts as the Committee may require.
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