CONFIDENTIALITY, NON-COMPETITION AND TERMINATION BENEFITS AGREEMENTConfidentiality, Non-Competition and Termination Benefits Agreement • September 14th, 2004 • Neiman Marcus Group Inc • Retail-department stores
This Confidentiality, Non-Competition and Termination Benefits Agreement ("Agreement") is entered into effective as of September 9, 2004 between Steven P. Dennis ("Executive") and The Neiman Marcus Group, Inc., a Delaware corporation ("NMG"). All capitalized terms used but not defined herein shall have the meanings assigned to them in Appendix A, which is attached hereto and incorporated fully herein by reference. WHEREAS, Executive is employed "at will" as Senior Vice President, Strategy, Business Development and Multi-Channel Marketing of NMG, and either Executive or NMG may terminate Executive's employment at any time, with or without notice, and for any reason; and WHEREAS, in connection with the restructuring of the compensation and benefits provided to senior executives of NMG, including Executive, the Board of Directors of NMG has determined that stock option and restricted stock awards should be combined with appropriate post-employment and other restrictions designed to
