Neiman Marcus 2009 Annual Report Download - page 79

Table of Contents
(6) Represents a lump sum payment of 85% of base salary in effect at the time of termination, two times base salary, and two
times 85% of base salary provided pursuant to his employment contract (see "Employment and Other Compensation
Agreements" beginning on page 69 of this section). The value of all unvested equity incentive awards (calculated as in
Footnote (2) above). The amount included for life insurance represents coverage for a period of three years at the same
benefit level in effect at the time of termination. The amount included for health and welfare benefits represents a
continuation of COBRA benefits for a period of three years. Calculations were based on COBRA rates currently in
effect.
(7) In addition, Mr. Tansky may become entitled to receive a portion (ranging from, as of July 31, 2010, 75% to 100%,
depending on the reason for the separation from service) of the Cash Incentive Plan Payment indicated under the column
entitled "Change in Control" if his employment is terminated for any reason other than Cause, and, subsequent to such
termination, a "change in control" or an "initial public offering" meeting certain conditions occurs.
Karen W. Katz
Executive Benefits
and Payments Upon
Separation
Retirement
($)(1)
Termination
due to
death
($)(2)
Termination
due to
disability
($)(3)
Termination
without cause
or
for good
reason
($)(4)
Change in
Control
($)(5)
Compensation:
Severance $ — $ — $ — $ 2,468,400 $ —
Bonus — 673,200 673,200 1,346,400 —
Benefits & Perquisites:
Retirement Plans 15,000 — — — —
Deferred Compensation Plan 1,058,536 1,058,536 1,058,536 1,058,536 1,058,536
Cash Incentive Plan Payment — — — — 2,381,474
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits — — — 54,219 54,219
Life Insurance Benefits — 1,000,000 — 6,150 6,150
Total $ 1,073,536 $ 2,731,736 $ 1,971,736 $ 4,933,705 $ 3,500,379
Footnotes:
(1) Represents the SERP enhancement provided in Ms. Katz's employment agreement and a lump sum payout under the
deferred compensation plan.
(2) Represents Ms. Katz's target bonus, a lump sum payout under the deferred compensation plan, and a lump sum basic life
insurance benefit payment of $1,000,000 payable by the Company's life insurance provider to Ms. Katz's beneficiaries
upon her death.
(3) Represents Ms. Katz's target bonus, lump sum payout under the deferred compensation plan, and long-term disability
payments of $20,000 per month for twelve months payable from the Company's long-term disability insurance provider.
(4) Represents a lump sum payment of the target bonus and two times base salary, two times target bonus and a lump sum
payout under the deferred compensation plan. The amount included for health and welfare benefits represents a
continuation of COBRA benefits for a period of two years. Calculations were based on COBRA rates currently in
effect. The amount included for life insurance represents coverage for a period of two years at the same benefit level in
effect at the time of termination. See "Employment and Other Compensation Agreements" beginning on page 69 of this
section.
(5) Represents a lump sum payout under the deferred compensation plan and a lump sum amount payable under the Cash
Incentive Plan, more fully described on page 73 of this section. The amount included for life insurance represents
coverage for a period of two years at the same benefit level in effect at the time of termination.
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