Neiman Marcus 2008 Annual Report Download - page 74

Table of Contents
Mr. Tansky would be entitled to the intrinsic value of all unvested equity incentive awards, which would become vested upon
his death, disability, or change in control. The value of the common stock at the end of the fiscal year 2009 is lower than the exercise
price of his unvested awards.
Karen W. Katz
Executive Benefits
and Payments Upon Separation
Termination
due to
death
($)(1)
Termination
due to
disability
($)(2)
Termination
without cause
or
for good
reason
($)(3)
Change in
Control
($)(4)
Compensation:
Severance $ — $ — $ 2,468,400 $ —
Bonus 673,200 673,200 1,346,400 —
Stock Options — — — —
Benefits & Perquisites:
Retirement Plans — — — —
Deferred Compensation Plan 912,585 912,585 912,585 912,585
Cash Incentive Plan Payment — — — 2,191,263
Long-Term Disability — 240,000 — —
Health and Welfare Benefits — — 34,568 34,568
Life Insurance Benefits 1,000,000 — 5,659 5,659
Total $ 2,585,785 $ 1,825,785 $ 4,767,612 $ 3,144,075
Footnotes:
(1) Represents Ms. Katz' 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'
beneficiaries upon her death.
(2) Represents Ms. Katz' 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.
(3) 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" on page 65 of this section.
(4) 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 68 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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