Neiman Marcus 2012 Annual Report Download - page 77
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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 $ — $ — $ — $ 2,531,250 $ —
Bonus —577,500 577,500 577,500 —
Benefits & Perquisites:
DC SERP 770,705 770,705 770,705 770,705 770,705
Deferred Compensation Plan — — — — —
Cash Incentive Plan Payment — — — — 1,114,577
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits — — — 55,855 —
Life Insurance Benefits —1,000,000 — — —
Total $ 770,705 $ 2,348,205 $ 1,588,205 $ 3,935,310 $ 1,885,282
(1) Represents a lump sum payout under the deferred compensation plan. See “Nonqualified Deferred Compensation” beginning on page 68.
(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. The
amount included for health and welfare benefits represents eighteen months of COBRA premiums. Calculations were based on COBRA rates
currently in effect. See “Employment and Other Compensation Agreements” beginning on page 69.
(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 71.
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