Neiman Marcus 2007 Annual Report Download - page 160
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vested benefit under Section 4.1, 4.2 or 4.3, no benefit shall be payable under this Plan. In the event a Participant dies prior to the
commencement of benefit payments hereunder, then except as provided in Section 4.7 no benefits shall be payable hereunder
following the Participant's death. In the event a Participant dies after the commencement of benefit payments hereunder, payments
shall continue to be made following his or her death only if the Participant has chosen an optional form of benefit under Section 4.5
and then only to the extent, if any, provided under such optional form of benefit.
4.5. Optional Forms of Benefits. A Participant may elect to receive, in lieu of the retirement benefit otherwise payable to him
or her in the Normal Form pursuant to Section 4.1, 4.2 or 4.3, retirement benefits of Actuarial Equivalent value payable in any of the
optional forms available under the Basic Plan, provided that no optional form of benefit shall be available to a married Participant,
other than a 50% contingent annuity form protecting the Participant's Spouse, without the written consent of such Spouse. The
Committee shall notify each Participant of the options available to him and shall provide forms for election of such options. The
Participant shall be entitled to elect one of the foregoing options (or to revoke any such election) within the 90-day period prior to the
commencement of benefits. The election of one of the options provided for in this Section 4.5 shall become effective as of the first day
of the first month for which benefits are payable to the Participant under the Plan, and may not be rescinded or modified thereafter.
Should the Participant's Spouse or other beneficiary die prior to such effective date, the Participant's election will be void and the
Participant's retirement benefit will be paid to him as though he or she had made no election unless the
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