Neiman Marcus 2014 Annual Report Download - page 89
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Table of Contents
Severance
$ 1,764,763
$ 1,764,763
$ 1,764,763
$ 1,764,763
$ —
Bonus
—
—
—
100,000
—
Option Acceleration
—
—
—
238,825
—
DC SERP
197,509
197,509
197,509
197,509
197,509
Deferred Compensation Plan
143,057
143,057
143,057
143,057
143,057
Long-Term Disability
—
—
240,000
—
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ 2,105,329
$ 3,105,329
$ 2,345,329
$ 2,444,154
$ 340,566
(1) Represents a lump sum payment of $1,169,763 and salary continuation payments of $595,000, and payout under the deferred compensation plan
and defined contribution plan. See “Non‑qualified Deferred Compensation” for a more detailed discussion.
(2) Represents a lump sum payment of $1,169,763 and salary continuation payments of $595,000, payout under the deferred compensation plan and
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. Skinner’s beneficiaries upon his death.
(3) Represents a lump sum payment of $1,169,763 and salary continuation payments of $595,000, payout under the deferred compensation plan and
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 a lump sum payment of $1,169,763 and salary continuation payments of $595,000, an amount equal to the target bonus, acceleration of
unvested time-vested stock options and payout under the deferred compensation plan and defined contribution plan.
(5) Represents a lump sum payout under the deferred compensation plan and defined contribution plan.
88