Big Lots 2015 Annual Report Download - page 62

allowable under the Savings Plan. The Supplemental Savings Plan constitutes a contract to pay
deferred compensation and limits deferrals in accordance with prevailing tax law. The Supplemental
Savings Plan is designed to pay the deferred compensation in the same amount as if contributions had
been made to the Savings Plan. We have no obligation to fund the Supplemental Savings Plan, and all
assets and amounts payable under the Supplemental Savings Plan are subject to the claims of our
general creditors.
In order to participate in the Savings and Supplemental Savings Plans, an eligible employee must
satisfy applicable age and service requirements and must make contributions to such plans
(“Participant Contributions”). Participant Contributions are made through authorized payroll deductions
to one or more of the several investment funds available under the Savings and Supplemental Savings
Plans and selected at the discretion of the participant. All Participant Contributions are matched by us
(“Registrant Contributions”) at a rate of 100% for the first 2% of salary contributed and 50% for the next
4% of salary contributed. Additionally, the amount of the Registrant Contribution is subject to the
maximum annual compensation that may be taken into account for benefit calculation purposes under
the IRC ($265,000 for calendar year 2015). Accordingly, the maximum aggregate Registrant
Contribution that could be made to a named executive officer participating in the Savings and
Supplemental Savings Plans was $10,600 for fiscal 2015.
Under the Savings Plan and the Supplemental Savings Plan, 25% of the Registrant Contributions vests
annually beginning on the second anniversary of the employee’s hiring. Under the Savings Plan, a
participant who has terminated employment with us is entitled to all funds in his or her account, except
that if termination is for a reason other than retirement, disability or death, then the participant is
entitled to receive only the Participant Contributions and the vested portion of the Registrant
Contributions. Under the Supplemental Savings Plan, a participant who has terminated employment
with us for any reason is entitled to receive the Participant Contributions and only the vested portion of
the Registrant Contributions. Under both plans, all other unvested accrued benefits pertaining to
Registrant Contributions will be forfeited. Upon a change in control of Big Lots, the participant will
receive a lump sum payment of all amounts (vested and unvested) under the Supplemental Savings
Plan.
Nonqualified Deferred Compensation Table for Fiscal 2015
The following table reflects the contributions to, earnings in and balance of each named executive
officer’s account held under the Supplemental Savings Plan.
Name
Executive
Contributions
in Last FY
($) (1)
Registrant
Contributions
in Last FY
($) (2)
Aggregate
Earnings
in Last FY
($) (3)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance
at Last FYE
($) (4)
(a) (b) (c) (d) (e) (f)
Mr. Campisi 334,922 5,564 (13,155) - 378,893
Mr. Johnson 209,930 5,564 (31,365) - 854,134
Ms. Bachmann 20,760 5,564 (12,179) - 372,068
Mr. Schlonsky 31,075 5,564 (25,198) - 505,019
Mr. Stein - - - - -
Mr. Chene - - - - -
(1) The amounts in this column are included in the “Salary” column of the Summary Compensation
Table for fiscal 2015.
(2) The amounts in this column are included in the “All Other Compensation” column of the Summary
Compensation Table for fiscal 2015.
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