Neiman Marcus 2014 Annual Report Download - page 88
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Table of Contents
Severance
$ —
$ —
$ —
$ 2,152,500
$ —
Bonus
—
615,000
615,000
615,000
—
DC SERP
208,721
208,721
208,721
208,721
208,721
Long-Term Disability
—
—
240,000
—
—
Health and Welfare Benefits
—
—
—
53,262
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ 208,721
$ 1,823,721
$ 1,063,721
$ 3,029,483
$ 208,721
(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 and target bonus, an additional one times target bonus, a payout under the defined contribution plan,
and eighteen months of COBRA premiums. Calculations were based on COBRA rates currently in effect. All these amounts are payable in a lump
sum except for the salary payment to the extent that it is not subject to a particular exemption from Section 409A of the Code, in which case the
non‑exempt portion will be paid in installments. See “Employment and Other Compensation Agreements” in this section.
(5) Represents a lump sum payout under the defined contribution plan.
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