Neiman Marcus 2003 Annual Report Download - page 192

8.3. Nonassignability. None of the benefits, payments, proceeds or claims of any Participant shall be subject to any
claim of any creditor and, in particular, the same shall not be subject to attachment or garnishment or other legal process by any
creditor of the Participant or his or her beneficiary, nor shall any Participant or beneficiary have any right to alienate, anticipate,
commute, pledge, sell, transfer, encumber or assign any of the benefits or payments or proceeds which he or she may expect to
receive, contingently or otherwise, under the Plan.
8.4. Limitation of Participants' rights. Participation in the Plan shall not give any Participant the right to be retained as a
member of the Board or any right or interest in the Plan other than as herein provided.
8.5. Participants bound. Any action with respect to the Plan taken by the Committee, the Board or the Company or any
action authorized by or taken at the direction of the Committee, the Board or the Company shall be conclusive upon all Participants
entitled to benefits under the Plan.
8.6. Receipt and release. Any payment to any Participant in accordance with the provisions of the Plan shall, to the
extent thereof, be in full satisfaction of all claims against the Company, the Board and the Committee under the Plan, and the
Committee may require such Participant, as a condition precedent to such payment, to execute a receipt and release to such effect. If
any Participant is determined by the Committee to be incompetent by reason of physical or mental disability to give a valid receipt and
release, the Committee may cause the payment or payments becoming due to such person to be made to another person for his or her
benefit without responsibility on the part of the Committee, the Board or the Company to follow the application of such funds.
8.7. Notices. All notices and elections to be delivered hereunder to the Committee, the Board or the Company shall be
delivered to the attention of the Secretary of the Company.
8.8. Unforeseen Emergency. A Participant who has an Unforeseen Emergency may, with the consent of a majority of
the disinterested members of the Committee, receive a distribution of that portion of his or her Account which the Committee
determines is necessary to satisfy the emergency need, including any amounts necessary to pay any federal, state or local income taxes
reasonably anticipated to result from the distribution, but only to the extent such need is not covered by insurance and cannot
reasonably be relieved by the liquidation of the Participant's assets (to the extent that such liquidation would not in itself cause a
severe financial hardship) or by cessation of elective deferrals under the Plan. A Participant who has an Unforeseen Emergency may
also cease or reduce future deferrals under the Plan with the consent of a majority of the disinterested members of the Committee. A
Participant requesting a distribution, or a cessation or reduction of future deferrals, on account of an Unforeseen Emergency shall
apply in writing in a letter submitted to the Committee and shall provide such information as the Committee may require.
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