Neiman Marcus 2010 Annual Report Download - page 80

Table of Contents
The tables below show certain potential payments that would have been made to the other named executive officers if his or
her employment had terminated on July 30, 2011 under various scenarios, including a change of control. Because the payments to be
made to a named executive officer depend on several factors, the actual amounts to be paid out upon a named executive officer's
termination of employment can only be determined at the time of an executive's separation from the Company.
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 $ — $ — $ — $ 3,150,000 $ —
Bonus — 1,050,000 1,050,000 2,100,000 —
Benefits & Perquisites:
Retirement Plan Enhancement 124,000 — — — —
Retirement Plan 56,130 56,130 56,130 56,130 56,130
Deferred Compensation Plan 1,346,296 1,346,296 1,346,296 1,346,296 1,346,296
Cash Incentive Plan Payment — — — — 2,588,988
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits — — — 63,145 —
Life Insurance Benefits — 1,000,000 — 5,095 —
Total $ 1,526,426 $ 3,452,426 $ 2,692,426 $ 6,720,666 $ 3,991,414
Footnotes:
(1) Represents the SERP enhancement provided in Ms. Katz's employment agreement and a lump sum payout under the
deferred compensation plans. See "Nonqualified Deferred Compensation" beginning on page 69 of this section.
(2) Represents Ms. Katz's target bonus, a lump sum 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 Ms. Katz's beneficiaries upon her death.
(3) Represents Ms. Katz's target bonus, lump sum 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 the target bonus and two times base salary, two times target bonus and a lump sum
payout under the deferred compensation plan and defined contribution 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 70 of this section.
(5) Represents a lump sum payout under the deferred compensation plan and defined contribution plan and a lump sum
amount payable under the Cash Incentive Plan, more fully described beginning on page 72 of this section.
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