Neiman Marcus 2013 Annual Report Download - page 78

Table of Contents
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The amounts reported in the table below represent deferrals, distributions and Company matching contributions credited pursuant to the KEDC Plan
and Company contributions credited pursuant to the DC SERP (the Executive Contributions). As a result of the Acquisition, all amounts then held by
participants in the DC SERP and the KEDC were paid out effective October 25, 2013. The aggregate balance at fiscal year-end consists of amounts earned
and contributed since October 26, 2013.
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Karen W. Katz
KEDC 205,548
50,650
18,556
2,379,391
93,705
DC SERP —
350,073
11,300
1,241,358
201,068
James E. Skinner
KEDC 70,011
26,292
6,545
806,781
46,096
DC SERP —
135,024
6,592
831,528
49,142
James J. Gold
KEDC —
—
—
—
—
DC SERP —
110,330
6,807
835,632
52,210
John E. Koryl
KEDC —
—
—
—
—
DC SERP —
69,702
393
56,149
18,190
Joshua G. Schulman
KEDC —
—
—
—
—
DC SERP —
—
—
—
—
(1) The amounts reported as Executive Contributions in Last Fiscal Year are also included as Salary in the Summary Compensation Table.
The KEDC Plan allows eligible employees to elect to defer up to 15% of base pay and up to 15% of annual performance bonus each year. Eligible
employees generally are those employees who have completed one year of service with us, have annual base pay of at least $300,000 and are otherwise
designated as eligible by our employee benefits committee; provided, however, that effective January 1, 2008, only those persons who were eligible for the
KEDC as of January 1, 2007 are permitted to continue participating in the KEDC. No new participants will be added. We also credit a matching contribution
each pay period equal to (A) the sum of 1) 100% of the sum of the employee’s KEDC Plan deferrals and the maximum RSP deferral that the employee could
have made under such plan for such pay period, to the extent that such sum does not exceed 2% of the employee’s compensation for such pay period, and 2)
25% of the sum of the employee’s KEDC Plan deferrals and the maximum RSP, as applicable, deferral that the employee could have made under such plan for
such pay period, to the extent that such sum does not exceed the next 4% of the employee’s compensation for such pay period, minus (B) the maximum
possible match the employee could have received under the RSP, as applicable, for such pay period. Such amounts are credited to a bookkeeping account for
the employee and are fully vested with respect to matching contributions made for calendar years prior to 2008. Amounts attributable to matching
contributions, plus interest thereon, for calendar years on and after 2008 are subject to forfeiture in the event the employee is terminated for cause. Accounts
are credited monthly with interest at an annual rate equal to the prime interest rate published in The Wall Street Journal on the last business day of the
preceding calendar quarter. Amounts credited to an employee’s account become payable to the employee upon separation from service, death, unforeseeable
emergency, or change of control of us. In the event of separation of service, payment is made in a lump sum in the calendar quarter following the calendar
quarter in which the separation occurs although if the employee is eligible for retirement upon such separation, payment may be deferred until the following
year or the nine subsequent years, and may be made in a lump sum or in installments over a period of up to ten years, depending upon the distribution form
elected by the employee. There is no separate funding for the amounts payable under the KEDC Plan, rather we make payment from its general assets.
The DC SERP is an unfunded, non-qualified deferred compensation plan under which benefits are paid from our general assets to provide eligible
employees with the opportunity to receive employer contributions on the portion of their eligible compensation that exceeds the IRS Limit. Eligible
employees generally are those employees who have completed one year of service with the Company, who have annual base pay of at least 80% of the IRS
Limit (or were eligible to participate in the SERP Plan as of December 31, 2007 and ceased to be eligible to participate in the SERP Plan as of January 1,
2008), and who are otherwise designated as eligible by our employee benefits committee. We will make transitional and non-transitional credits to the
accounts of eligible participants each pay period. Transitional credits apply only to participants who were eligible to participate in the SERP Plan as of
December 31, 2007 but ceased participating in the SERP Plan as of that date and became a
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