Second Amendment to Employment Agreement with Steven S. Fishman

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This second amendment (“Amendment”) to the employment agreement by and among Big Lots, Inc. (“BLI”), Big Lots Stores, Inc. (“Big Lots”) and their affiliates, predecessor, successor, subsidiaries and other related companies (collectively the “Company”) and Steven S. Fishman (“Executive”), collectively, the “Parties,” dated July 6, 2005, as previously amended by the first amendment to the employment agreement effective February 21, 2006 (collectively, the “Agreement”), is effective as of the date below (“Effective Date”). Capitalized terms used herein but not otherwise defined in this Amendment shall have the meanings set forth in the Agreement.

 

1.00    Section 3.02.     The fourth sentence of Section 3.02 of the Agreement is amended by deleting it in its entirety and replacing it with the following:

 

The Executive’s Bonus Payout percentage will consist of a Target Bonus of 100 percent of Base Salary and a Stretch Bonus of 200 percent of Base Salary.

 

2.00    The Agreement.     Except as otherwise provided herein, all provisions of the Agreement are and shall remain in full force and effect and are hereby ratified and confirmed in all respects, and the execution, delivery and effectiveness of this Amendment shall not operate as a waiver or amendment of any provision of the Agreement not specifically amended herein. All references to the Agreement shall be deemed to include this Amendment.

 

IN WITNESS WHEREOF, the Parties have duly executed and delivered this Amendment as of March 9, 2007.

 

BIG LOTS, INC.		STEVEN S. FISHMAN
By: /s/ Brad A. Waite		/s/ Steven S. Fishman
BIG LOTS STORES, INC.
By: /s/ Charles W. Haubiel II

 

 

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