Neiman Marcus 2012 Annual Report Download - page 78
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Table of Contents
Executive Benefits and
Payments Upon Separation
Retirement
($)(1)
Termination
due to death
($)(1)(2)
Termination
due to
disability
($)(1)(3)
Termination
without cause or for
good reason
($)(1)(4)
Change in
Control
($)(1)(5)
JOHN E. KORYL
Compensation:
Severance $ — $ — $ — $ 768,000 $ —
Benefits & Perquisites:
DC SERP 4,244 4,244 4,244 4,244 4,244
Deferred Compensation Plan — — — — —
Cash Incentive Plan Payment — — — — 466,831
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits ———53,524 —
Life Insurance Benefits —1,000,000 — — —
Total $4,244 $1,004,244 $244,244 $825,768 $ 471,075
JOSHUA G. SCHULMAN
Compensation:
Severance $ — $ — $ — $ 750,000 $ —
Benefits & Perquisites:
DC SERP — — — — —
Deferred Compensation Plan — — — — —
Cash Incentive Plan Payment — — — — 244,272
Long-Term Disability — — 240,000 — —
Health and Welfare Benefits — — — 32,052 —
Life Insurance Benefits —1,000,000 — — —
Total $ — $ 1,000,000 $240,000 $782,052 $244,272
(1) Represents a lump sum payout under the deferred compensation plans. See “Nonqualified Deferred Compensation” beginning on page 68.
(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” beginning on page 69.
(5) Represents a lump sum payment payable to each of Messrs. Koryl and Schulman under the Cash Incentive Plan more fully described beginning
on page 71.
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