Neiman Marcus 2013 Annual Report Download - page 196
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Notwithstanding any provision of this letter to the contrary, this letter is intended to comply with the requirements of Section 409A of
the Code and the regulations and Treasury guidance thereunder (collectively, “ Section 409A”). Accordingly, all provisions herein, or
incorporated by reference, shall be construed and interpreted to comply with Section 409A. Further, for purposes of the limitations on
nonqualified deferred compensation under Section 409A, each payment of compensation under this letter shall be treated as a separate
payment of compensation.
GOVERNING LAW AND JURISDICTION
This letter and any dispute or claim arising out of or in connection with it or its subject matter or formation (including without limitation
non-contractual disputes or claims and the legal relationships between the parties hereto) shall be governed by and construed in
accordance with the laws of the State of Delaware without regard to the principles of conflict of laws that would cause the application
of laws of any jurisdiction other than those of the State of Delaware.
Any legal actions or proceedings against either party arising out of this letter or any dispute or claim arising out of or in connection
with it or its subject matter or formation (including without limitation non-contractual disputes or claims and the legal relationships
between the parties hereto) will be brought in any federal court of appropriate jurisdiction located in the State of New York or any state
court of appropriate jurisdiction located in New York county. Each party submits to and accepts the exclusive jurisdiction of such
courts for the purpose of legal actions or proceedings and waives any objection (including without limitation any objection based on
inconvenient forum) to this choice of venue for any dispute or claim that arises out of or in connection with this letter or its subject
matter or formation (including without limitation non-contractual disputes or claims and the legal relationships between the parties
hereto). Each party agrees that the exclusive choice of forum set forth in this Section 9.2 does not prohibit the enforcement of any
judgment obtained in that forum or any other appropriate forum.