Big Lots 2014 Annual Report Download - page 60
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- 48 -
Richard Chene
The following table reflects the payments that would have been due to Mr. Chene in the event of a change in
control and/or the termination of his employment with us on January 31, 2015.
Event Occurring at January 31, 2015
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 ($) — 1,000,000 — — — 1,000,000 —
Non-Equity Incentive Plan
Compensation ($) — 330,050 — 330,050 330,050 1,200,000 —
Healthcare Coverage ($) — 72,240 — — — 36,120 —
Long-Term Disability Benefit ($) — — — 25,000 — — —
Outplacement Benefits ($) — 25,000 — — — — —
Accelerated Equity Awards ($) — 310,084 — 676,930 676,930 2,263,893 2,263,893
Excise Tax Benefit ($) — — — — — 1,283,631 —
Total ($) — 1,737,374 — 1,031,980 1,006,980 5,783,644 2,263,893
Michael A. Schlonsky
The following table reflects the payments that would have been due to Mr. Schlonsky in the event of a change in
control and/or the termination of his employment with us on January 31, 2015.
Event Occurring at January 31, 2015
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 ($) — 820,000 — — — 820,000 —
Non-Equity Incentive Plan
Compensation ($) — 225,541 — 225,541 225,541 820,000 —
Healthcare Coverage ($) — 72,240 — — — 36,120 —
Long-Term Disability Benefit ($) — — — 22,892 — — —
Outplacement Benefits ($) — 25,000 — — — — —
Accelerated Equity Awards ($) — 627,789 — 865,035 865,035 2,349,791 2,349,791
Excise Tax Benefit ($) — — — — — 1,051,457 —
Total ($) — 1,770,570 — 1,113,468 1,090,576 5,077,368 2,349,791