Big Lots 2011 Annual Report Download - page 99

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(i) Any extraordinary item, event or transaction as described in ASC 225-20, Income Statement –
Extraordinary and Unusual Items (formerly Accounting Principles Board Opinion (“APB”) No. 30), as amended,
revised or superseded; or
(j) Any unusual in nature, or infrequent in occurrence items, events or transactions (that are
not “extraordinary” items) as described in ASC 225-10, Income Statement – Extraordinary and Unusual Items
(formerly APB No. 30), as amended, revised or superseded; or
(k) Any other non-recurring items, any events or transactions that do not constitute ongoing
operations, or other non-GAAP financial measures (not otherwise listed); or
(l) Any change in accounting principle as described in ASC 250, Accounting Changes and Error
Corrections (formerly SFAS No. 154), as amended, revised or superseded; or
(m) Unrealized gains or losses on investments in debt and equity securities as described in ASC
320, Investments – Debt and Equity Securities (formerly SFAS No. 115), as amended, revised or superseded; or
(n) Any gain or loss recognized as a result of derivative instrument transactions or other hedging
activities as described in ASC 815, Derivatives and Hedging (formerly SFAS No. 133), as amended, revised or
superseded; or
(o) Stock-based compensation charges as described in ASC 718, Compensation – Stock
Compensation and ASC 505-50, Equity Based Payments to Non Employees (formerly SFAS No. 123R), as
amended, revised or superseded; or
(p) Any gain or loss as reported as a component of other comprehensive income as described in
ASC 220, Comprehensive Income (formerly SFAS No. 130), as amended, revised or superseded; or
(q) Any expense (or reversal thereof) as a result of incurring an obligation for a direct or indirect
guarantee, as described in ASC 460, Guarantees (formerly FASB Interpretations (“FIN”) No. 45), as amended,
revised or superseded; or
(r) Any profit or loss as the result of the consolidation of a variable interest entity as described in
ASC 810, Consolidation (formerly FIN No. 46R), as amended, revised or superseded; or
(s) Any expense, gain or loss (including, but not limited to, judgments, interest on judgments,
settlement amounts, attorneys’ fees and costs, filing fees, experts’ fees, and damages sustained as a result of the
imposition of injunctive relief) as a result of claims, litigation or lawsuit settlement (including collective actions or
class action lawsuits); or
(t) Any charges associated with the early retirement of debt; or
(u) The relevant tax effect(s) of tax laws or regulations, or amendments thereto, that become
effective after the beginning of the applicable Performance Period.
To the extent such inclusions or exclusions affect Awards to Covered Employees, they shall be prescribed in a
form that meets the requirements of Code Section 162(m) for deductibility.
13.9 Certification of Performance. No Qualified Performance-Based Award shall vest, have restrictions
lapse, be payable or granted, as the case may be, any earlier than the Committee certifies in writing (in any
manner allowable under Code Section 162(m)) the extent or level of achievement (if at all) to which the objective
performance goals (and other material terms) applicable to the Performance Period were satisfied. As provided
in Section 13.6 (Qualified Performance-Based Awards and Performance Measures/Prohibited Discretion), the
Committee may reduce or eliminate (but not increase) the amount of any Award otherwise payable to a Participant.
13.10 Death, Disability or Other Circumstances. The Committee may provide in the Award Agreement
that an Award intended to qualify as a Qualified Performance-Based Award under this Article 13 (Qualified
Performance-Based Awards and Performance Measures) shall be payable, in whole or in part, in the event
of the Participant’s death or Disability, a Change in Control, or under other circumstances consistent with the
requirements of Code Section 162(m).