Big Lots, Inc. Non-Employee Director Compensation Package (Effective August 15, 2006)
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Summary
This document outlines the compensation package for non-employee directors of Big Lots, Inc., effective August 15, 2006. It specifies annual retainers, meeting fees, and additional compensation for committee chairs. Directors also receive an annual charitable donation to an organization of their choice and an annual grant of non-qualified stock options under the company's Director Stock Option Plan. The agreement details the amounts and conditions for each type of compensation.
EX-10.1 2 l21974aexv10w1.htm EX-10.1 EX-10.1
EXHIBIT 10.1
Big Lots, Inc. Non-Employee Director Compensation Package
Effective August 15, 2006
Effective August 15, 2006
Annual Retainer | $ | 45,000 | ||
Annual Committee Chair Retainer — Audit Committee | $ | 10,000 | ||
Annual Committee Chair Retainer — Compensation Committee and Nominating/Corporate Governance Committee | $ | 5,000 | ||
Board Meeting Fee | $ | 1,500 | ||
Committee Meeting Fee | $ | 1,000 | ||
Telephonic Meeting Fee — All Types | $ | 500 | ||
Annual Charitable Donation to Organization Nominated by Director | $ | 10,000 | ||
Big Lots, Inc. Common Shares Underlying Annual Non-Qualified Stock Option Grant1 | 10,000 |
| 1 | Non-qualified stock options are granted pursuant to the Big Lots, Inc. Amended and Restated Director Stock Option Plan. |
