Big Lots 2009 Annual Report Download - page 97
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B-16
13.13 Severability. If any provision of the Plan shall for any reason be held to be invalid or unenforceable, such
invalidity or unenforceability shall not effect any other provision hereof, and the Plan shall be construed as if such
invalid or unenforceable provision were omitted.
13.14 Successors and Assigns. The Plan shall inure to the benefit of and be binding upon each successor and assign
of the Company. All obligations imposed upon a Participant, and all rights granted to the Company hereunder, shall
be binding upon the Participant’s heirs, legal representatives and successors.
13.15 Entire Agreement. Except as expressly provided otherwise, the Plan and any Award Agreement constitute
the entire agreement with respect to the subject matter hereof and thereof, provided that in the event of any
inconsistency between the Plan and any Award Agreement, the terms and conditions of the Plan shall control.
13.16 Term. No Award shall be granted under the Plan after May 16, 2012.
13.17 Application of Section 83(b). At the Committee’s discretion, any Participant may make an early inclusion
election under Code §83(b) but only by complying with procedures developed by the Committee and rules issued
under Code §83(b).
13.18 Headings. The headings of the Articles and their subparts contained in the Plan are for the convenience of
reading and reference purposes only and shall not affect the meaning, interpretation or be meant to be of substantive
significance of the Plan.
13.19 Compliance with Code §409A. It is intended that the Plan comply with Code §409A and the Treasury
Regulations promulgated thereunder (and any subsequent notices or guidance issued by the Internal Revenue
Service), and the Plan shall be interpreted, administered and operated accordingly. Nothing in the Plan or any Award
Agreement shall be construed as an entitlement to or guarantee of any particular tax treatment to a Participant.
13.20 Inclusion in Income under Code §409A. The Company may accelerate the time or schedule of distribution,
exercise or settlement of an Award to a Participant to pay an amount the Participant includes in income as a result
of the Plan failing to meet the requirements of Code §409A and the Treasury Regulations promulgated thereunder.
Such payment may not exceed the amount required to be included in income as a result of the failure to comply with
Code §409A and the Treasury Regulations promulgated thereunder.