Big Lots 2015 Annual Report Download - page 69
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Please find page 69 of the 2015 Big Lots annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Lisa M. Bachmann
The following table reflects the payments that would have been due to Ms. Bachmann in the event of a
change in control and/or the termination of her employment with us on January 30, 2016.
Event Occurring at January 30, 2016
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)
($)
Salary/Salary
Continuation ($) - 1,440,000 - - - 1,440,000 -
Non-Equity Incentive Plan
Compensation ($) - 696,851 - 696,851 696,851 1,728,000 -
Healthcare Coverage ($) - 83,711 - - - 83,711 -
Long-Term Disability
Benefit ($) - - - 25,000 - - -
Outplacement Benefits ($) - 25,000 - - - - -
Accelerated Equity
Awards ($) - 3,201,733 - 3,570,324 3,570,324 6,679,750 6,679,750
Excise Tax Benefit ($) - - - - -
Total ($) - 5,447,295 - 4,292,175 4,267,175 9,931,461 6,679,750
Michael A. Schlonsky
The following table reflects the payments that would have been due to Mr. Schlonsky in the event of a
change in control and/or the termination of his employment with us on January 30, 2016.
Event Occurring at January 30, 2016
Involuntary
Termination
with
Cause ($)
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 ($) - 940,000 - - - 940,000 -
Non-Equity Incentive Plan
Compensation ($) - 408,089 - 408,089 408,089 1,128,000 -
Healthcare Coverage ($) - 83,711 - - - 41,855 -
Long-Term Disability
Benefit ($) - - - 25,000 - - -
Outplacement Benefits ($) - 25,000 - - - -
Accelerated Equity
Awards ($) - 789,711 - 1,142,324 1,142,324 2,357,957 2,357,957
Excise Tax Benefit ($) - - - - - 1,818,313 -
Total ($) - 2,246,511 - 1,575,413 1,550,413 6,286,125 2,357,957
57