Big Lots 2007 Annual Report Download - page 81

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- 9 -
- 9 -
As amended and restated effective May 29, 2008.
8.2Restricted Stock Units. Except as provided in Section 4.4, the Committee may grant Restricted Stock Units to
Participants at any time during the term of thisthe Plan. Restricted Stock Units shall be subject to the terms and
conditions specified in the Award Agreement, including:
(1) Restrictions. The Award Agreement will specify the Restriction Period and the terms and conditions that
must be met if the Restricted Stock Units are to be earned. These may include an acceleration of the Restriction
Period based on one or more of the performance goals listed in Section 10.3. The Committee also may impose
more than one Restriction Period affecting simultaneously granted Restricted Stock Units Award; provided
however, that (except in the case of Restricted Stock Units subject to Section 10.1 or substituted under sSection
13.9) the Restriction Period (1)(a) affecting no more than one-third of such Restricted Stock Units, may not
lapse earlier than one year after the Grant Date, (2)(b) affecting no more than one-half of the remaining
Restricted Stock Units may not lapse earlier than two years after the Grant Date and (3)(c) affecting the
remaining Restricted Stock Units may not lapse earlier than three years after the Grant Date.
(2)Rights. During the Restriction Period, a Participant receiving a Restricted Stock Unit Award will not have,
with respect to the Restricted Stock Unit, any of the rights of a shareholder of the Company.
(3)Forfeiture. Unless otherwise specifically provided in the Award Agreement, all Restricted Stock Units will
be forfeited if the Participant Terminates Employment before the end of the Restriction Period or if applicable
terms and conditions have not been met at the end of the Restriction Period.
(4)Settlement.On the day whenWithin two and one-half months after all terms and conditions imposed on the
Restricted Stock Unit Award and specified in the Award Agreement have been met at the end of the Restriction
Period, the Committee, in its discretion, will issue (as soon as practicable) unlegended certificates (or other
representation of title) for Common Shares equal to the number of Restricted Stock Units to be settled, redeem
the Restricted Stock Units for cash equal to the Fair Market Value (as of the last day of the Restriction Period)
of the Restricted Stock Units being settled or deliver any combination of unlegended certificates or cash to the
Participant having an aggregate value equal to the Restricted Stock Units being settled.
ARTICLE IX
PERFORMANCE UNITS
9.1Grant of Performance Units. Except as provided in Section 4.4 of the Plan, the Committee may grant to
Participants Performance Units at any time during the term of the Plan.
9.2Terms and Conditions. The Committee may, in its discretion, grant Performance Units to Participants.
Performance Units may be subject to any terms and conditions, including vesting, that the Committee specifies in
the Award Agreement and to the terms of the Plan, although; provided, however, that a Performance Unit Award
Agreement (other than one executed under sSection 13.9 of the Plan or subject to sSection 10.1 of the Plan) shall not
permit more than one-third of the Performance Units granted thereunder to vest before each of the first three
anniversary dates after its Grant Date. Performance Units may constitute Performance-Based Awards, as described
in Article X. The Award Agreement will state the form in which the Performance Unit is to be settled and when the
Performance Unit will be settled. Common Shares issued through a Performance Unit Award may be issued with or
without payment by the Participant as required by applicable law or any other consideration specified by the
Committee.
9.3Settling Performance Units. One Common Share will be issued for each Performance Unit to be settled unless
the Award Agreement provides for settlement in cash or partially in cash and partially in Common Shares. If all or
part of any Performance Unit Award is to be settled in cash, the amount distributed will be equal to the Fair Market
Value (as of the settlement date specified in the Award Agreement) of the number of Common Shares that otherwise
would have been distributed to settle the Performance Unit.
9.4Forfeiture. Unless otherwise specifically provided in the Award Agreement, all Performance Units will be
forfeited if the Participant Terminates Employment before meeting all applicable terms and conditions.