Big Lots 2010 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2010 Big Lots annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

- 44 -
Steven S. Fishman
The following table reflects the payments that would have been due to Mr. Fishman in the event of a change in
control or the termination of his employment on January 29, 2011.
Event Occurring at January 29, 2011
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 ($) — 2,800,000 — — — 2,800,000 —
Non-Equity Incentive Plan
Compensation ($) — 2,769,816 — 2,769,816 2,769,816 6,720,000 —
Healthcare Coverage ($) — 127,107 — — — 127,107 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 42,276 — — — — —
Accelerated Equity Awards ($) — — — 3,551,625 3,551,625 29,385,150 29,385,150
Excise Tax Benefit ($) — — — — — 0 0
Total ($) — 5,739,199 — 6,346,441 6,321,441 39,032,257 29,385,150
Joe R. Cooper
The following table reflects the payments that would have been due to Mr. Cooper in the event of a change in
control or the termination of his employment with us on January 29, 2011.
Event Occurring at January 29, 2011
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 ($) — 500,000 — — — 1,000,000 —
Non-Equity Incentive Plan
Compensation ($) — 494,610 — 494,610 494,610 1,200,000 —
Healthcare Coverage ($) — 111,404 — — — 111,404 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — 524,679 524,679 1,611,423 1,611,423
Excise Tax Benefit ($) — — — — — 0 0
Total ($) — 1,119,214 — 1,044,289 1,019,289 3,922,827 1,611,423