Neiman Marcus 2013 Annual Report Download - page 84
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Table of Contents
Severance
$ —
$ —
$ —
$ 825,000
$ —
DC SERP
18,190
18,190
18,190
18,190
18,190
Long-Term Disability
—
—
240,000
—
—
Health and Welfare Benefits
—
—
—
58,538
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ 18,190
$ 1,018,190
$ 258,190
$ 901,728
$ 18,190
Severance
$ —
$ —
$ —
$ 765,000
$ —
Long-Term Disability
—
—
240,000
—
—
Health and Welfare Benefits
—
—
—
32,882
—
Life Insurance Benefits
—
1,000,000
—
—
—
$ —
$ 1,000,000
$ 240,000
$ 797,882
$ —
(1) Represents a lump sum payout under the DC SERP. See “Non-qualified Deferred Compensation” for a detailed discussion.
(2) Represents a lump sum basic life insurance benefit payment of $1,000,000 payable by the Company’s life insurance provider to each of Messrs. Koryl
and Schulman upon their death.
(3) Represents 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 1.5 times base salary for each of Messrs. Koryl and Schulman. The amount included for health and welfare benefits
represents a continuation of COBRA benefits for a period of eighteen months. Calculations were based on COBRA rates currently in effect. See
“Employment and Other Compensation Agreements” in this section.
(5) Represents a lump sum payout to Mr. Koryl under the DC SERP.
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