Neiman Marcus 2003 Annual Report Download - page 186

2.7. "Effective Date" means January 17, 1997.
2.8. "Market Price" means, as of any date, the mean of the highest and lowest sales prices of the Common Stock on such
date (or, if no trading shall have occurred on such date, on the next previous date on which trading shall have occurred), as reported on
the New York Stock Exchange Composite Tape.
2.9. "Non-Employee Director" means a member of the Board who is not an officer or employee of the Company or
Harcourt General, Inc. or any of the subsidiaries of either the Company or Harcourt General, Inc.
2.10. "Participant" means any Non-Employee Director who participates in the Plan as set forth in Article 3.
2.11. "Plan" means The Neiman Marcus Group, Inc. Deferred Compensation Plan for Non-Employee Directors as set
forth herein and all subsequent amendments hereto.
2.12. "Plan Year" means the calendar year.
2.13. "Unforeseen Emergency" means a severe financial hardship to a Participant resulting from illness or accident of the
Participant or of a dependent (as defined in 152(a) of the Code) of the Participant, loss of property due to casualty, or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.
ARTICLE 3
Participation
3.1. Commencement of participation. Each Non-Employee Director shall become a Participant in this Plan upon the
later of (a) the Effective Date or (b) the day on which he or she becomes a Non-Employee Director.
3.2. Continuation of participation. An individual who has become a Participant in the Plan shall continue to be a
Participant so long as he or she remains a Non-Employee Director, and so long thereafter as any amount is payable to him or her in
accordance with Article 4 or 5.
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