Neiman Marcus 2007 Annual Report Download - page 159

benefits would otherwise commence. In each case the reductions applicable under paragraph (a)(l) shall reflect the actual date as of
which benefits commence.
4.3. Vested Termination Benefit. Any Participant who has a Termination of Employment after he or she has completed at
least 5 years of Service, but before he or she has satisfied the requirements for early retirement hereunder, shall be entitled to a
monthly benefit payable in the Normal Form, commencing at the same time as the Participant's vested benefit under the Basic Plan, in
an amount equal to (a) below (reduced by the applicable factor set forth in Section 4.2(a)(1) above) minus (b) below, but not less than
zero, where
(a) is 50% of the Participant's average monthly Compensation for the highest sixty consecutive months preceding
the Termination of Employment, less 60% of the Participant's Social Security Benefit, the result multiplied by a fraction the
numerator of which is the Participant's years of Service and the denominator of which is the greater of 25 years or the number
of years of Service the Participant would have had if he or she continued employment with a Participating Employer without
interruption until his or her Normal Retirement Date; and
(b) is the Participant's monthly benefit under the Basic Plan (increased by his or her monthly benefit, if any, under
the Augmentation Plan and any Individual Pension Agreement), calculated as though payable in the Normal Form.
4.4. Other Termination of Employment; Death. If a Participant has a Termination of Employment for any reason prior to the
time he or she is eligible for a retirement or
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