Neiman Marcus 2013 Annual Report Download - page 82
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Table of Contents
Severance
$ —
$ —
$ —
$ 2,488,750
$ —
Bonus
—
562,500
562,500
562,500
—
DC SERP
49,142
49,142
49,142
49,142
49,142
Deferred Compensation Plan
46,096
46,096
46,096
46,096
46,096
Long-Term Disability
—
—
240,000
—
—
Health and Welfare Benefits
—
—
—
46,013
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ 95,238
$ 1,657,738
$ 897,738
$ 3,192,501
$ 95,238
(1) Represents a lump sum payout under the deferred compensation plans. See “Non-qualified Deferred Compensation” for a more detailed discussion.
(2) Represents Mr. Skinner’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 Mr. Skinner’s beneficiaries upon his death.
(3) Represents Mr. Skinner’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 1.5 times Mr. Skinner’s base salary payable over an eighteenth 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 deferred compensation and defined
contribution plans. 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” in this section.
(5) Represents a lump sum payout under the deferred compensation plan and defined contribution plan.
80