Big Lots 2008 Annual Report Download - page 59

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- 46 -
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 January 31, 2009. Additionally, assuming his employment
terminated at the end of fiscal 2008, the estimated lump-sum present value of Mr. Waite’s benefit under the Pension
Plan and Supplemental Pension Plan would have been $180,428.
Event Occurring at January 31, 2009
Involuntary
Termination
with
Cause
Involuntary
Termination
without
Cause
Voluntary
Termination
Termination
upon
Disability
Termination
upon
Death
Termination
in Connection
with a Change
in Control
Change in
Control
(without
termination)
Salary/Salary Continuation ($) — 550,000 — — — 1,100,000 —
Non-Equity Incentive Plan
Compensation ($) — 809,050 — 809,050 809,050 1,650,000 —
Healthcare Coverage ($) — 50,580 — — — 50,580 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — — — 354,618 354,618
Excise Tax Benefit ($) — — — — — 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 January 31, 2009.
Event Occurring at January 31, 2009
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 ($) — 520,000 — — — 1,040,000 —
Non-Equity Incentive Plan
Compensation ($) — 611,936 — 611,936 611,936 1,248,000 —
Healthcare Coverage ($) — 50,977 — — — 50,977 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — — — 311,117 311,117
Excise Tax Benefit ($) — — — — — 0 0