Neiman Marcus 2002 Annual Report Download - page 100

Download and view the complete annual report

Please find page 100 of the 2002 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 175

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175

APPENDIX A
Definitions
1. "Affiliate" means, with respect to any entity, any other corporation, organization, association, partnership, sole proprietorship
or other type of entity, whether incorporated or unincorporated, directly or indirectly controlling or controlled by or under direct or
indirect common control with such entity.
2. "Cause" means, in Bergdorf's reasonable judgment, (i) a breach of duty by Executive in the course of his employment
involving fraud, acts of dishonesty (other than inadvertent acts or omissions), disloyalty, or moral turpitude; (ii) conduct that is
materially detrimental to Bergdorf, monetarily or otherwise, or reflects unfavorably on Bergdorf or Executive to such an extent that
Bergdorf's best interests reasonably require the termination of Executive's employment; (iii) acts of Executive in violation of his
obligations under this Agreement or at law; (iv) Executive's failure to comply with or enforce Bergdorf's policies concerning equal
employment opportunity, including engaging in sexually or otherwise harassing conduct; (v) Executive's repeated insubordination or
failure to comply with or enforce other personnel policies of Bergdorf or its Affiliates; (vi) Executive's failure to devote his full
working time and best efforts to the performance of his responsibilities to Bergdorf or its Affiliates; or (vii) Executive's conviction of
or entry of a plea agreement or consent decree or similar arrangement with respect to, a felony, other serious criminal offense, or any
violation of federal or state securities laws; provided, however, that with respect to items (v) and (vi), Executive has been provided
prior written notice of the failure and afforded a reasonable opportunity to correct same.
3. "Competitor" means (i) the person or entity that owns or operates Saks Incorporated, Nordstrom, Inc., or Barneys New York,
Inc.; (ii) the successors to or assigns of the persons or entities identified in (i); and (iii) any other person or entity that owns or operates
a luxury specialty retail store.
4. "Confidential Information" shall mean, without limitation, all documents or information, in whatever form or medium,
concerning or evidencing sales; costs; pricing; strategies; forecasts and long range plans; financial and tax information; personnel
information; business, marketing and operational projections, plans and opportunities; and customer, vendor, and supplier information;
but excluding any such information that is or becomes generally available to the public other than as a result of any breach of this
Agreement or other unauthorized disclosure by Executive.
5. "Total Disability" means that, in Bergdorf's reasonable judgment, either (i) Executive has been unable to perform his duties
because of a physical or mental impairment for 80% or more of the normal working days during six consecutive calendar months or
50% or more of the normal working days during twelve consecutive calendar months, or (ii) Executive has become totally and
permanently incapable of performing the usual duties of his employment with Bergdorf on account of a physical or mental
impairment.
i