Big Lots 2011 Annual Report Download - page 74
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- 60 -
Charles W. Haubiel II
The following table reflects the payments that would have been due to Mr. Haubiel in the event of a change in
control or the termination of his employment with us on January 28, 2012.
Event Occurring at January 28, 2012
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 ($) — 440,000 — — — 880,000 —
Non-Equity Incentive Plan
Compensation ($) — 0 — 0 0 1,056,000 —
Healthcare Coverage ($) — 74,201 — — — 74,201 —
Long-Term Disability Benefit ($) — — — 24,567 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — 720,138 720,138 2,737,700 2,737,700
Excise Tax Benefit ($) — — — — — 0 0
Total ($) — 527,401 — 744,705 720,138 4,747,901 2,737,700
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 28, 2012.
Event Occurring at January 28, 2012
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 ($) — 575,000 — — — 1,150,000 —
Non-Equity Incentive Plan
Compensation ($) — 0 — 0 0 1,380,000 —
Healthcare Coverage ($) — 74,201 — — — 74,201 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Use of Automobile/Automobile
Allowance ($) — 13,200 — — — — —
Accelerated Equity Awards ($) — — — 664,838 664,838 2,322,400 2,322,400
Excise Tax Benefit ($) — — — — — 0 0
Total ($) — 662,401 — 689,838 664,838 4,926,601 2,322,400