Neiman Marcus 2008 Annual Report Download - page 244

EXHIBIT B
GENERAL RELEASE
THIS GENERAL RELEASE is entered into between The Neiman Marcus Group, Inc., a Delaware corporation
("NMG"), Newton Acquisition Inc. (together with NMG, the "NMG Group") and Burton M. Tansky (the "Employee") as of the
day of , . The NMG Group and the Employee agree as follows:
1. Employment Status. The Employee's employment with the NMG Group shall terminate effective as of
, .
2. Payment and Benefits. Upon the effectiveness of the terms set forth herein, NMG shall provide the Employee with
the payments and benefits set forth in Section 7 of the Employment Agreement between NMG and the Employee, dated as of
(as amended from time to time, the "Employment Agreement"), or the payments and benefits set forth in Section 3(a) of
the Change of Control Termination Protection Agreement dated as of April 1, 2005, between the Employee and The Neiman Marcus
Group, Inc. (the "CIC Agreement").
3. No Liability. This Release does not constitute an admission by the NMG Group, or any of their subsidiaries,
affiliates, divisions, trustees, officers, directors, partners, agents, or employees, or by the Employee, of any unlawful acts or of any
violation of federal, state or local laws.
4. Release. In consideration of the payments and benefits set forth in Section 7(e) and (f) of the Employment
Agreement, the Employee for himself, his heirs, administrators, representatives, executors, successors and assigns (collectively,
"Employee Releasors") does hereby irrevocably and unconditionally release, acquit and forever discharge the NMG Group and each of
their subsidiaries, affiliates, divisions, successors, assigns, trustees, officers, directors, partners, agents, and former and current
employees, including without limitation all persons acting by, through, under or in concert with any of them, including without
limitation the Majority Stockholders (as defined in the Management Stockholders' Agreement dated as of among the
Employee and the other parties specified therein) and Newton Holding, LLC (collectively, "NMG Releasees"), and each of them from
any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, remedies, actions,
causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys' fees and costs) of any nature
whatsoever, known or unknown, whether in law or equity and whether arising under federal, state or local law and in particular
including any claim for discrimination based upon race, color, ethnicity, sex, national origin, religion, disability age (including without
limitation under the Age Discrimination in Employment Act of 1967 as amended by the Older Workers Benefit Protection Act
("ADEA"), Title VII of the Civil Rights Act of 1964 as amended by the Civil Rights Act of 1991, the Equal Pay Act of 1962, and the
Americans with Disabilities Act of 1990) or any other unlawful criterion or circumstance, which Employee Releasors had, now have,
or may have or claim to have in the future against each or any of the NMG Releasees by reason of any matter, cause or thing
occurring, done or omitted to be done from the beginning of the world until the date of the execution of this Release; provided,