Jim Gold will receive a payment of $1.12 million, and a variable bonus of up to $1 million depending on whether certain financial goals of Neiman Marcus are met, as part of his settlement agreement with the Dallas-based luxury retailer.

The company also disclosed in a filing with the Securities and Exchange Commission that Gold will receive a pro-rata incentive bonus for the firm’s 2019 fiscal year; a lump sum equal to 12 times his monthly COBRA premium; reimbursement for New York housing accommodations; expenses incurred for financial and tax advice; reimbursement of tax obligations imposed by states other than Texas, where NMG is based; reimbursement of legal fees, and income taxes stemming from the reimbursement.

Gold’s last day as NMG’s president and chief merchandising officer is March 15. According to the filing, he is bound by certain non-compete, non-solicitation of employees and non-disparagement covenants.