Big Lots 2008 Annual Report Download - page 12

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ii
DIRECTOR COMPENSATION ........................................................... 11
Retainers and Fees .................................................................... 11
Restricted Stock ...................................................................... 11
Director Compensation Table for Fiscal 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
STOCK OWNERSHIP ................................................................... 13
Ownership of Our Common Shares by Certain Beneficial Owners and Management ............. 13
Section 16(a) Beneficial Ownership Reporting Compliance .................................. 15
EXECUTIVE COMPENSATION .......................................................... 15
Compensation Committee Report ....................................................... 15
Compensation Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Overview of Our Executive Compensation Program ....................................... 15
Philosophy and Objectives ......................................................... 15
Elements of In-Service Executive Compensation ........................................ 18
Employment Agreements........................................................... 19
Post-Termination and Change in Control Arrangements .................................. 21
Indemnification Agreements ........................................................ 21
Retirement Plans ................................................................. 21
Our Executive Compensation Program for Fiscal 2008 .................................... 22
Salary for Fiscal 2008 ............................................................ 23
Bonus for Fiscal 2008............................................................. 24
Equity for Fiscal 2008 ............................................................ 25
Performance Evaluation ........................................................... 27
Role of Management .............................................................. 28
Independent Compensation Consultant ............................................... 28
Comparative Compensation Data.................................................... 29
Tally Sheets and Wealth Accumulation ................................................ 30
Internal Pay Equity............................................................... 31
Minimum Share Ownership Requirements ............................................. 31
Equity Grant Timing .............................................................. 31
Tax and Accounting Considerations .................................................. 32
Our Executive Compensation Program for Fiscal 2009 .................................... 32
Summary Compensation Table .......................................................... 33
Bonus and Equity Plans ............................................................. 35
Big Lots 2006 Bonus Plan.......................................................... 35
Big Lots 2005 Long-Term Incentive Plan .............................................. 35