Exhibit 10.2
BIG LOTS, INC.
NON-QUALIFIED STOCK OPTION GRANT AGREEMENT
BIG LOTS, INC., an Ohio Corporation (the "Company"), hereby grants to the
individual named below (the "Optionee"), subject to and conditioned upon
Optionee's acceptance of all the terms and conditions of the Big Lots, Inc. 1996
Performance Incentive Plan as amended (the "Plan"), the right to purchase (the
"Option"), at the option of the Optionee, an aggregate of the number of shares
of Common Stock (the "Number of Shares") listed below, par value $.01 per share,
of the Company upon the following terms and conditions:
(NOTE: THIS GRANT MUST BE SIGNED DATE OF GRANT: _____
AND RETURNED TO THE COMPANY AT
THE FOLLOWING ADDRESS:)
NUMBER OF SHARES: _____
BIG LOTS, INC. OPTION PRICE: _____
TREASURY DEPT.-STOCK OPTION ADMINISTRATOR
000 XXXXXXXX XXXX
XXXXXXXX, XXXX 00000-0000
NATURE OF GRANT: This option is a Non-Qualified Stock Option ("NQSO") and, as
such, is not an Incentive Stock Option (ISO) within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended.
EXERCISABILITY OF OPTION: This option will become vested in increments according
to the schedule below. Except as provided in the Plan, the option, to the extent
that it is vested, can be exercised any time from the date it vests through the
date that it expires. Vesting is always subject to all other Plan requirements
being satisfied.
Shares Vesting Date Expiration Date
------ ------------ ---------------
Optionee hereby accepts this Option subject to all the terms and provisions
of the Plan. Optionee hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Committee upon any questions arising
under the Plan. Optionee acknowledges receipt of a copy of the Plan, as in
effect on the Date of Grant.
Accepted as of BIG LOTS, INC.
"Optionee", --------------------
By:
--------------------------------- ----------------------------
