Big Lots, Inc. Non-Employee Director Compensation Package (Effective May 2008)
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Summary
This document outlines the compensation package for non-employee directors of Big Lots, Inc., effective May 2008. It specifies annual retainers, meeting fees, and committee chair retainers, as well as an annual charitable donation on behalf of each director. Additionally, it details the annual grant of restricted stock awards under the company's 2005 Long-Term Incentive Plan. The package sets out the amounts directors will receive for their service and participation in board and committee meetings.
EX-10.2 3 ex10_2.htm EXHIBIT 10.2 ex10_2.htm
EXHIBIT 10.2
Big Lots, Inc. Non-Employee Director Compensation Package
Effective May 2008
| Annual Retainer | $ | 45,000 | ||
| Annual Committee Chair Retainer – Audit Committee | $ | 15,000 | ||
| | ||||
| Annual Committee Chair Retainer – Compensation Committee and Nominating/Corporate Governance Committee | $ | 10,000 | ||
| Board Meeting Fee | $ | 1,500 | ||
| Committee Meeting Fee | $ | 1,250 | ||
| Telephonic Meeting Fee – All Types | $ | 500 | ||
| Annual Charitable Donation to Organization Nominated by Director | $ | 10,000 | ||
| Grant Date Fair Value of Big Lots, Inc. Common Shares Underlying Annual Grant of Restricted Stock Award1 | $ | 75,000 |
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1 Equity awards are granted pursuant to the Big Lots 2005 Long-Term Incentive Plan.
