Neiman Marcus 2013 Annual Report Download - page 83
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Table of Contents
Severance
$ —
$ —
$ —
$ 2,620,000
$ —
Bonus
—
600,000
600,000
600,000
—
DC SERP
52,210
52,210
52,210
52,210
52,210
Deferred Compensation Plan
—
—
—
—
—
Long-Term Disability
—
—
240,000
—
—
Health and Welfare Benefits
—
—
—
58,538
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ 52,210
$ 1,652,210
$ 892,210
$ 3,330,748
$ 52,210
(1) Represents a lump sum payout under the deferred compensation plan. See “Non-qualified Deferred Compensation” for a more detailed discussion.
(2) Represents Mr. Gold’s target bonus, a lump sum payout under the defined contribution plan and a lump sum basic life insurance benefit payment of
$1,000,000 payable by the Company’s life insurance provider to Mr. Gold’s beneficiaries upon his death.
(3) Represents Mr. Gold’s target bonus, lump sum payout under the defined contribution 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 1.5 times Mr. Gold’s base salary payable over an eighteen month period, a lump sum payment of target bonus, 1.5 times target bonus, the
portion of the salary payment that is exempt from 409A of the Code, a lump sum payout under the defined contribution plan. The amount included for
health and welfare benefits represents eighteen months of COBRA premiums. Calculations were based on COBRA rates currently in effect. See
“Employment and Other Compensation Agreements” in this section.
(5) Represents a lump sum payout under the defined contribution plan.
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