Big Lots 2008 Annual Report Download - page 55

- 42 -
Nonqualified Deferred Compensation Table for Fiscal 2008
The following table reflects the contributions to, earnings in and balance of each named executive officer’s account
held under the Supplemental Savings Plan.
Name
(a)
Executive
Contributions
in Last FY
($)(1)
(b)
Registrant
Contributions
in Last FY
($)(2)
(c)
Aggregate Earnings
in Last FY
($)(3)
(d)
Aggregate
Withdrawals/
Distributions
($)
(e)
Aggregate Balance
at Last FYE
($)(4)
(f)
Mr. Fishman — — — — —
Mr. Cooper 73,492 4,830 (107,131) — 211,206
Mr. Waite 20,421 4,830 (249,718) — 505,124
Mr. Martin 25,292 4,830 (123,591) — 196,239
Mrs. Bachmann 13,056 4,830 (18,247) — 91,626
(1) The amounts in this column are included in their respective fiscal 2008 “Salary” reported in the Summary
Compensation Table.
(2) The amounts in this column are included in the “All Other Compensation” column of the Summary
Compensation Table for fiscal 2008.
(3) The amounts in this column are not included in the Summary Compensation Table as these amounts reflect
only the losses on the investments designated by the named executive officer in his or her Supplemental
Savings Plan account in fiscal 2008 (i.e., depreciation in account value). The amounts in this column do not
include any above-market or preferential earnings, as defined by Item 402(c)(2)(viii) of Regulation S-K and
the instructions thereto.
(4) $109,861, $47,675, $150,347 and $42,333 of the amounts in this column were previously reported as
compensation to Mr. Cooper, Mr. Waite, Mr. Martin and Mrs. Bachmann, respectively, in the Summary
Compensation Table for previous years.
Potential Payments Upon Termination or Change in Control
The “Rights Under Post-Termination and Change in Control Arrangements” section below addresses the rights of
the named executive officers under their employment agreements and other compensation arrangements upon a
change in control or in the event their employment with us is terminated. The “Estimated Payments if Triggering
Event Occurred at 2008 Fiscal Year End” section below reflects the payments that may be received by each named
executive officer (or his or her beneficiaries, as applicable) upon a change in control or in the event the executive’s
employment with us is terminated: (i) involuntarily without cause; (ii) in connection with the executive’s disability;
(iii) upon the executive’s death; or (iv) in connection with a change in control.
Rights Under Post-Termination and Change in Control Arrangements
Under each employment agreement, if a named executive officer is terminated for cause or due to his or her
voluntary resignation, we have no further obligation to pay any unearned compensation or to provide any future
benefits to the executive.
If terminated without cause, Mr. Fishman would continue to receive his salary for two years and each of the
other named executive officers would continue to receive his or her respective salary for one year. Each named
executive officer would receive a lump sum payment equal to two times his or her respective salary if terminated in
connection with a change in control (as discussed below). Additionally, each named executive officer (i) is eligible
(based on our achievement of at least the corporate performance amount corresponding to the floor bonus level)
to receive a prorated bonus for the fiscal year in which his or her termination is effective if he or she is terminated
without cause or in connection with his or her death or disability, and (ii) will receive two times his or her stretch
bonus if terminated following a change in control.