Big Lots 2007 Annual Report Download - page 55

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- 41 -
Brad A. Waite
The following table reflects the payments that would have been due to Mr. Waite in the event of a change in
control or the termination of his employment with us on February 2, 2008. Additionally, assuming his employment
terminated at the end of fiscal 2007, the estimated lump-sum present value of Mr. Waite’s benefit under the Pension
Plan and Supplemental Pension Plan would have been $179,183.
Event Occurring at February 2, 2008
Involuntary
Termination
with
Cause
Involuntary
Termination
without
Cause
Voluntary
Termination
Termination
upon
Disability
Termination
upon
Death
Termination
in Connection
with a Change
in Control
Change in
Control
(without
termination)
Salary/Salary Continuation ($) — 535,000 — 267,500 — 1,070,000 —
Non-Equity Incentive Plan
Compensation ($) — 708,875 — 708,875 708,875 1,605,000 —
Healthcare Coverage ($) — 35,298 — 12,010 — 35,298 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — — — 388,019 388,019
Excise Tax Benefit ($) — — — — — 0 0
John C. Martin
The following table reflects the payments that would have been due to Mr. Martin in the event of a change in
control or the termination of his employment with us on February 2, 2008.
Event Occurring at February 2, 2008
Involuntary
Termination
with
Cause
Involuntary
Termination
without
Cause
Voluntary
Termination
Termination
upon
Disability
Termination
upon
Death
Termination
in Connection
with a Change
in Control
Change in
Control
(without
termination)
Salary/Salary Continuation ($) — 500,000 — 250,000 — 1,000,000 —
Non-Equity Incentive Plan
Compensation ($) — 530,000 — 530,000 530,000 1,200,000 —
Healthcare Coverage ($) — 21,840 — 7,431 — 21,840 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — — — 253,306 253,306
Excise Tax Benefit ($) — — — — — 0 0