Neiman Marcus 2003 Annual Report Download - page 278

Exhibit 10.27
THE NEIMAN MARCUS GROUP, INC.
PURCHASED RESTRICTED STOCK UNIT AGREEMENT
ISSUED PURSUANT TO 1997 INCENTIVE PLAN
THIS AGREEMENT is made as of the day of , 20 , by and between THE NEIMAN MARCUS GROUP, INC., a
Delaware corporation (the "Corporation"), and , an employee of the Corporation or one of its subsidiaries
(the "Employee").
Recitals:
1. On January 17, 1997, the Corporation adopted for the benefit of key employees The Neiman Marcus Group, Inc.
1997 Incentive Plan (the "Plan"), and the Plan was approved by its stockholders on that date.
2. The Plan is administered by the Compensation Committee (the "Committee") of the Corporation's Board of
Directors (the "Board").
3. The Committee previously selected the Employee to participate in the Plan by the grant of a right to purchase
shares of Class A Common Stock of the Corporation, par value $.01 per share ("Common Stock"), at 50% of the fair market value of
the shares on the date of grant, the transferability of which was subject to restriction for a period of time as set forth in the "Purchased
Restricted Stock Agreement Issued Pursuant to 1997 Incentive Plan" made effective as of November 20, 2002 (the "2002 Purchased
Restricted Stock Agreement"), and the Employee exercised such right.
4. The Committee and the Employee desire to rescind the prior purchase of shares of Common Stock pursuant to the
2002 Purchased Restricted Stock Agreement and in exchange for the Employee's agreement to such rescission, the Committee shall
grant to the Employee a number of Purchased Restricted Stock Units representing a fictional interest in a number of shares of
Common Stock equal to the number of shares of Common Stock issued to the Employee pursuant to the 2002 Purchased Restricted
Stock Agreement, which Units shall be subject to the vesting, distribution and other provisions specified herein.
Agreement:
For and in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, it is agreed
as follows: