Neiman Marcus 2010 Annual Report Download - page 82
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Table of Contents
James J. Gold
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 $ — $ — $ — $ 2,503,698 $ —
Bonus — 562,500 562,500 562,500 —
Benefits & Perquisites:
Retirement Plans 364,405 364,405 364,405 364,405 364,405
Deferred Compensation Plan — — — — —
Cash Incentive Plan Payment — — — — 1,294,494
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits — — — — —
Life Insurance Benefits — 1,000,000 — — —
Total $ 364,405 $ 1,926,905 $ 1,166,905 $ 3,430,603 $ 1,658,899
Footnotes:
(1) Represents a lump sum payout under the deferred compensation plan. See "Nonqualified Deferred Compensation"
beginning on page 69 of this section.
(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, and eighteen months of COBRA premiums. Calculations were based on COBRA rates
currently in effect. See "Employment and Other Compensation Agreements" on page 70 of this section.
(5) Represents a lump sum payout under the 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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