Document:

ex10_2.htm

    
      

    

    EXHIBIT
      10.2

    

    

    BIG
      LOTS

    

    SUPPLEMENTAL
      DEFINED BENEFIT PENSION PLAN

    

    

    As
      amended and restated

    Effective:
      January 1, 2008

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    BIG
      LOTS

    

    SUPPLEMENTAL
      DEFINED BENEFIT PENSION PLAN

    

    PREAMBLE

    

    Effective
      January 1, 1996, Consolidated Stores Corporation adopted the Consolidated Stores
      Corporation Supplemental Defined Benefit Pension Plan, for a select group of
      highly compensated employees to ensure that the overall retirement pension
      benefit said group of highly compensated employees would receive would be equal
      to what the benefit would have been had the Consolidated Stores Corporation
      Defined Benefit Pension Plan not been amended to freeze said employees’ accrued
      retirement pension benefits.

    

    Effective
      May 16, 2001, the name of the Company changed to Big Lots, Inc. and effective
      as
      of such date the name of this Plan changed to the Big Lots, Inc. Supplemental
      Defined Benefit Pension Plan.  This Plan was amended and restated in
      its entirely effective January 1, 2003 to incorporate certain administrative
      changes, including the Plan name change.

    

    This
      Plan
      is now being amended and restated again to incorporate certain changes required
      by Code Section 409A and to reflect other administrative changes.

    

    This
      Plan
      is an unfunded, supplemental executive deferred compensation plan structured
      to
      benefit such employees described above in a manner that provides said employees
      full pension benefits and that provides the incentive for said employees to
      improve the profitability, competitiveness and growth of Big Lots, Inc. and
      its
      affiliates.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    

    DEFINITIONS

     

    

    
      	
              1.1

            	
              “Basic
                Retirement Plan” means the Big Lots Defined Benefit Pension Plan, as
                amended and restated effective as of January 1,
                2005.

            

    

    

    
      	
              1.2

            	
              “Basic
                Retirement Benefit” means the annual benefit to which a Participant is
                entitled from the Basic Retirement Plan, in the form of a single
                life
                annuity commencing on his Retirement Date and ending on the first
                day of
                the month during which his death occurs. The Basic Retirement Plan
                Benefit
                assumes immediate commencement of benefits with applicable early
                payment
                reductions as may be applied under the Basic Retirement
                Plan.

            

    

    

    
      	
              1.3

            	
              “Beneficiary”
                means the person, persons or entity designated by the Participant
                to       receive the Death Benefit
                payable under this Plan.

            

    

    

    
      	
              1.4

            	
              “Change
                in Control” shall mean the occurrence of any one of the following actions
                or events:

            

    

    

    
      	
               

            	
              (a)

            	
              The
                acquisition by any person, or more than one person acting as a group,
                of
                shares of the Company that, together with the shares of the Company
                held
                by such person or group, constitutes more than fifty (50) percent
                of the
                total fair market value or total voting power of all of the shares
                of the
                Company; or

            

    

    

    
      	
               

            	
              (b)

            	
              A
                majority of the members of the board of directors of the Company
                is
                replaced during any twelve (12) month period by directors whose
                appointment or election is not endorsed by a majority of the members
                of
                the board of directors of the Company prior to the date of the appointment
                or election; or

            

    

    

    
      	
               

            	
              (c)

            	
              The
                acquisition by any person, or more than one person acting as a group,
                within any twelve (12) month period, of ownership of shares possessing
                thirty (30) percent or more of the total voting power of all of the
                shares
                of the Company; or

            

    

    

    
      	
               

            	
              (d)

            	
              The
                acquisition by any person, or more than one person acting as a group,
                within any twelve (12) month period, of assets of the Company that
                have a
                total gross fair market value equal to or more than forty (40) percent
                of
                the total gross fair market value of all of the assets of the Company
                immediately prior to such acquisition or
                acquisitions.

            

    

    

    The
      definition of Change in Control contained herein in this subsection
      (b) shall be interpreted in a manner that is consistent
      with the definition of “change in control event” under Code Section 409A and the
      Treasury Regulations promulgated thereunder.

     

    
      	
              1.5

            	
              “Code”
                means the Internal Revenue Code of 1986, as amended from time to
                time.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              1.6

            	
              “Committee”
                means the Committee is authorized to establish Plan policy and review
                Plan
                discretionary decisions pursuant to the terms of this Plan, as described
                in Section 6.1 of this Plan.

            

    

    

    
      	
              1.7

            	
              “Company”
                means Big Lots, Inc. (and prior to May 16, 2001, Consolidated Stores
                Corporation, a Delaware
                corporation).

            

    

    

    
      	
              1.8

            	
              “Compensation”
                means remuneration in the form described in Section 1.10(a) of the
                Basic
                Retirement Plan.

            

    

    

    
      	
              1.9

            	
              “Credited
                Service” means service as defined in Section 1.31(b) of the Basic
                Retirement Plan.

            

    

    

    
      	
              1.10

            	
              “Death
                Benefit” means the benefit provided to the Beneficiary of a deceased
                Participant pursuant to Section 4.3 of this
                Plan.

            

    

    

    
      	
              1.11

            	
              “Effective
                Date” means January 1, 2008, the effective date of this second amended
                and
                restated Plan.

            

    

    

    
      	
              1.12

            	
              “Employer”
                means the Company and/or an applicable participating Related
                Company.

            

    

    

    
      	
              1.13

            	
              “Entitlement
                Date” means, with respect to any Participant, the date of such
                Participant’s Separation from Service that also constitutes “Normal
                Retirement,” “Early Retirement” or “Late Retirement,” each as defined in
                the Basic Retirement Plan.

            

    

    

    
      	
              1.14

            	
              “Final
                Average Compensation” means the average monthly Compensation of a
                Participant as defined in Section 1.10(b) of the Basic Retirement
                Plan.

            

    

    

    
      	
              1.15

            	
              “Participant”
                means any individual who is eligible to participate in this Plan
                pursuant
                to Article II of this Plan.

            

    

    

    
      	
              1.16

            	
              “Plan”
                means the Big Lots Supplemental Defined Benefit Pension Plan, the
                terms of
                which are set forth herein and as they may be amended from time to
                time
                (and prior to May 16, 2001, the Consolidated Stores Supplemental
                Defined
                Benefit Pension Plan).

            

    

    

    
      	
              1.17

            	
              “Plan
                Administrator” means the Company, notwithstanding the fact that certain
                administrative functions under or with respect to this Plan have
                been
                delegated to the Committee pursuant to the provisions of Article
                VII of
                this Plan.

            

    

    

    
      	
              1.18

            	
              “Related
                Company” means:

            

    

    

    
      	
               

            	
              (a)

            	
              For
                any calendar year prior to January 1, 2005, any Related Company as
                determined or designated as such by the Company under any prior version
                of
                this Plan, but only with respect to an employee who became a Participant
                in this Plan prior to January 1, 2005 under such determination or
                designation; and

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              (b)

            	
              For
                any calendar year commencing on or after January 1, 2005, and for
                purposes
                of determining whether any employee is eligible to become a Participant
                after January 1, 2005, a Related Company shall mean all persons whom,
                along with the Company, would be considered a “service recipient” within
                the meaning of Treasury Regulation
§1.409A-1(g).

            

    

    

    
      	
              1.19

            	
              “Retirement
                Date” means that date a Participant is otherwise eligible to retire under
                the terms of the Basic Retirement
                Plan

            

    

    

    
      	
              1.20

            	
              “Separation
                from Service” shall mean a “separation from service” of a Participant from
                all Employers, as that phrase is defined under Code Section 409A
                and
                Treasury Regulation §1.409A-1(h).  For purposes of determining
                whether a “Separation from Service” has occurred with respect to an
                Affiliate, Code Sections 1563(a)(1), (2) and (3)  (for purposes
                of determining a controlled group of corporations under Code Section
                414(b)) and Treasury Regulation §1.414(c)-2 (for purposes of determining
                trades or businesses, whether or not incorporated, that are under
                common
                control for purposes of Code Section 414(c)) shall be applied by
                retaining
                the phrase “at least 80 percent” in each place it appears in such
                sections.

            

    

    

    
      	
              1.21

            	
              “Specified
                Employee” means a “specified employee” as defined under Code Section 409A
                and Treasury Regulation  §1.409A-1(i) and as determined under
                the Company’s policy for determining specified
                employees.

            

    

    

    
      	
              1.22

            	
              “Supplemental
                Retirement Benefit” means the benefit payable in accordance with the terms
                of this Plan.

            

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    ARTICLE
      II

    

    PARTICIPATION

     

    

    
      	
              2.1

            	
              An
                employee of an Employer who is a participant in the Basic Retirement
                Plan
                shall be eligible to participate in this Plan provided the following
                conditions have been met:

            

    

    

    
      	
               

            	
              (a)

            	
              The
                employee was an active participant in the Basic Retirement Plan on
                December 31, 1996; and

            

    

    

    
      	
               

            	
              (b)

            	
              The
                employee was a “highly compensated employee” on December 31, 1996, as that
                term was defined in Code Section 414(q) as in effect on December
                31,
                1996.

            

    

    

    
      	
              2.2

            	
              An
                existing employee of an Employer who was not a highly compensated
                employee
                on December 31, 1995, who subsequently becomes a highly compensated
                employee (determined by reference to Code Section 414(q) as in effect
                for
                the plan year of the Basic Retirement Plan in which such determination
                is
                made) shall become a Participant in this
                Plan.

            

    

    

    
      	
              2.3

            	
              Notwithstanding
                any other provision of this Plan to the contrary, any other employee
                of an
                Employer who is hired after March 31, 1994 or who is rehired after
                his
                prior service has been forfeited under Section 3.4(c) of the Basic
                Retirement Plan, and who, as a result, is not eligible to become
                a
                participant in the Basic Retirement Plan, shall not be eligible to
                participate in this Plan.

            

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

    

    ELIGIBILITY
      FOR AND AMOUNT OF BENEFITS

     

    

    
      	
              3.1

            	
              Entitlement
                Date: Each Participant shall be entitled to receive a Supplemental
                Retirement Benefit at his or her Entitlement
                Date.

            

    

    

    
      	
              3.2

            	
              Calculation
                of Supplemental Retirement Benefit.  The Supplemental
                Retirement Benefit of each Participant shall be calculated as
                follows:

            

    

    

    
      	
               

            	
              (a)

            	
              One
                percent (1%) of a Participant’s Final Average Compensation, multiplied by
                the Participant’s Credited Service (not to exceed 25 years);
                minus

            

    

    

    
      	
               

            	
              (b)

            	
              The
                greater of either:

            

    

    

    
      	
               

            	
              (1)

            	
              The
                accrued retirement pension of the Participant as determined under
                the
                Basic Retirement Plan in effect as of December 31, 1995, assuming
                the
                Participant terminated employment with the Company on March 31, 1996
                or
                such later date that the Participant was determined to be a highly
                compensated employee under the terms of the Basic Retirement Plan;
                and

            

    

    

    
      	
               

            	
              (2)

            	
              The
                accrued retirement pension of the Participant as determined under
                Section
                5.1 of the Basic Retirement Plan as in effect on December 31, 1995,
                without regard to Section 5.1(c) of the Basic Retirement
                Plan.

            

    

    

    
      	
              3.3

            	
              Continued
                Participation.  An employee who becomes a Participant in
                this Plan shall remain a Participant until his Separation from Service
                with the Employer. To the extent a Participant is not entitled to
                a vested
                accrued retirement pension under the terms of the Basic Retirement
                Plan
                upon Separation from Service with the Employer other than by reason
                of
                death, disability, or retirement (as those terms are described and
                used in
                the Basic Retirement Plan), neither the Participant nor any Beneficiary
                nor any other person shall have a right to any benefit from this
                Plan with
                respect to such Participant.

            

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    ARTICLE
      IV

    

    FORM
      AND COMMENCEMENT OF BENEFITS

     

    

    
      	
              4.1

            	
              Time
                and Form of Payment

            

    

    

    Supplemental
      Retirement Benefits shall be paid to Participants in a single-lump sum within
      ninety (90) days following such Participant’s Entitlement Date; provided,
      however, that the payment of Supplemental Retirement Benefits to any Specified
      Employee shall begin on the first business day after the date that is six (6)
      months following the date of the Specified Employee’s Separation from Service
      (or, if earlier, the Specified Employee’s death). The payment made on
      the
      first business day after the date that is six (6) months following the date
      of
      Separation from Service shall include the cumulative amount of any amounts
      that
      could not be paid or provided during such six-month period. 

    

    
      	
              4.2

            	
              Change
                in Control.  Notwithstanding the foregoing, all Supplemental
                Retirement Benefits shall become immediately payable and shall be
                paid in
                a lump-sum within ninety (90) days following a Change in
                Control.

            

    

    

    
      	
              4.3

            	
              Death
                Benefit:  The Beneficiary(ies) of a deceased eligible
                Participant shall be entitled to a Death Benefit, payable in a lump
                sum
                within ninety (90) days after the date of the Participant’s death,
                calculated as follows:

            

    

    

    
      	
               

            	
              (a)

            	
              A
                lump sum amount equal to the actuarial equivalent (as that term is
                defined
                in Section 1.1 of the Basic Retirement Plan as of the date of the
                Participant’s death) of the Participant’s accrued Supplemental Retirement
                Benefit, reduced for early payment as described in Section 5.2 of
                the
                Basic Retirement Plan, and computed on the assumption that the Participant
                had Separated from Service on his date of death, survived to the
                earliest
                retirement age under this Plan and died on the day after that earliest
                retirement age; minus

            

    

    

    
      	
               

            	
              (b)

            	
              The
                death benefit determined and payable pursuant to Section 6.1(b) of
                the
                Basic Retirement Plan.

            

    

    

    
      	
              4.4

            	
              Designation
                of Beneficiary:  The designation of Beneficiary(ies) shall
                be as described in Article VI of the Basic Retirement
                Plan.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    ARTICLE
      V

    

    AMENDMENT
      AND TERMINATION

     

    

    
      	
              5.1

            	
              Amendment
                and Termination: The Company intends this Plan to be permanent but
                reserves the right to amend or terminate this Plan when, in its sole
                discretion, such amendment or termination is advisable.  Any
                such amendment or termination shall be made pursuant to a resolution
                of
                the board of directors of the Company and shall be effective as of
                the
                date of resolution.

            

    

    

    
      	
              5.2

            	
              Liquidation.  The
                Company reserves the right to terminate and liquidate this Plan when,
                in
                its sole discretion, such termination and liquidation is
                advisable.  Any such termination and liquidation shall be made
                pursuant to the resolution of the board of directors of the Company
                and
                shall be effective as of the date of resolution, unless an earlier
                date is
                specified.  No termination shall directly or indirectly deprive
                any Participant or Beneficiary of the payment of all or any portion
                of any
                Supplemental Retirement Benefit or Death Benefit that had commenced
                prior
                to the effective date of the resolution amending this
                Plan.  Notwithstanding the foregoing. the Company may terminate
                and liquidate this Plan by distributing all vested Supplemental Retirement
                Benefits to Participants only under the circumstances, and in accordance
                with the requirements, described in Treasury Regulation §1.409A-3(ix),
                including the following conditions:

            

    

    

    
      	
               

            	
              (a)

            	
              The
                termination and distribution does not occur proximate to a downturn
                in the
                financial health of the Company and its Related
                Companies;

            

    

    

    
      	
               

            	
              (b)

            	
              The
                Company and its Related Companies terminate all arrangements that
                would be
                aggregated with this Plan under Treasury Regulation
                §1.409A-1(c)(2);

            

    

    

    
      	
               

            	
              (c)

            	
              No
                distributions are made within twelve (12) months of the date the
                Company
                irrevocable takes all necessary action to terminate and distribute
                amounts
                under this Plan (for purposes of this Section 5.2(b), the “termination
                date of this Plan”) other than amounts that would be distributable under
                the terms of this Plan if the termination and distribution of the
                Participants’ Supplemental Retirement Benefits under this Plan had not
                occurred;

            

    

    

    
      	
               

            	
              (d)

            	
              All
                distributions are made within twenty-four (24) months of the termination
                date of this Plan; and

            

    

    

    
      	
               

            	
              (e)

            	
              The
                Company and its Related Companies do not adopt a new plan that would
                be
                aggregated with this Plan under Treasury Regulation §1.409A-1(c)(2) at any
                time within three (3) years following the termination date of this
                Plan.

            

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    ARTICLE
      VI

    

    COMMITTEE

     

    

    
      	
              6.1

            	
              The
                Committee shall be the same committee that administers the Basic
                Retirement Plan and shall administer this Plan in accordance with
                the
                intention of the board of directors of the Company as expressed
                herein.

            

    

    

    
      	
              6.2

            	
              No
                Committee member at any time hereunder who is a Participant shall
                have any
                vote in any decision of the Committee made primarily with respect
                to such
                Committee member’s benefits hereunder. All actions of the Committee may be
                taken with or without a meeting and shall be in writing and signed
                by a
                majority of the members of the
                Committee.

            

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    ARTICLE
      VII

    

    ADMINISTRATION

     

    

    
      	
              7.1

            	
              The
                Committee shall have the primary administrative responsibility with
                respect to this Plan. All policy and discretionary decisions as well
                as
                administrative decisions shall be the responsibility of the Committee
                and
                they shall be made in conjunction with and not inconsistent with
                the
                policy and administrative decisions made by the Committee as they
                relate
                to the Basic Retirement Plan. The Committee shall interpret the provisions
                of this Plan where necessary and follow procedures for the administration
                of this Plan that are consistent with the provisions of the Basic
                Retirement Plan.

            

    

    

    
      	
              7.2

            	
              Expenses
                incurred by the Committee and the Plan Administrator in the administration
                of this Plan, including the fees and compensation of suitors, actuaries,
                accountants, legal counsel and other counsel retained by the Committee
                to
                carry out the intent and purpose of this Plan, shall be paid by the
                Employer.

            

    

    

    
      	
              7.3

            	
              The
                Committee shall keep such records as are reasonably needed to effectuate
                the purposes of this Plan. Any forms needed to carry out the provisions
                of
                this Plan shall be established and maintained by the Plan
                Administrator.

            

    

    

    
      	
              7.4

            	
              All
                determinations made by the Committee, including, but not limited
                to, the
                purpose and intent of this Plan, the benefits payable under this
                Plan, and
                eligibility to participate, shall be made in the sole and absolute
                discretion of the Committee. Such decisions shall be binding on all
                Participants, Beneficiaries, successors, assigns, executors,
                administrators, heirs, next-of-kin, and distributees of all the
                foregoing.

            

    

    

    
      	
              7.5

            	
              Except
                as provided by law, no benefit, payment or distribution under this
                Plan
                shall be subject either to the claim of any creditor of a Participant
                or
                Beneficiary, or to attachment, garnishment, levy, execution or other
                legal
                or equitable process, by any creditor of such Participant. No such
                Participant shall have any right to alienate, commute, anticipate
                or
                assign all or any portion of any benefit, payment or distribution
                under
                this Plan.

            

    

    

    
      	
              7.6

            	
              Claims
                Procedure.

            

    

    

    
      	
               

            	
              (a)

            	
              Filing
                Claims.  In general, neither Participants nor their
                Beneficiaries need to present a formal claim for benefits under this
                Plan
                in order to qualify for rights or benefits under this Plan.  If,
                however, any Participant or Beneficiary (“claimant”) is not granted the
                rights or benefits to which the person believes him or herself to
                be
                entitled, a formal claim for benefits must be filed in accordance
                with
                this Section 7.6.  A claim by any person must be presented to
                the Committee within the maximum time permitted by law or under
                regulations promulgated by the Secretary of Labor or his or her delegate
                pertaining to claims procedures.  The claims official will,
                within a reasonable time, and not later than the maximum period of
                time
                specified by law or under regulation, consider the claim and will
                issue
                his or her determination thereon in writing.  If the claim is
                granted, the appropriate distribution or payment will be
                made.  Before deciding the claim, the claims official will
                review the provisions of this Plan and other relevant Plan documents,
                including similar claims, to ensure and verify that the claim is
                made in
                accordance with those documents and that the decision is applied
                consistently with regard to similarly situated
                claimants.

            

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (b)

            	
              Notification
                to Claimant.  If a claim request is wholly or partially denied,
                the Committee will furnish to the claimant a notice of the decision
                within
                90 days, (or if the claim is a claim on account of disability, no
                later
                than 45 days after the receipt of such claim) in writing and in a
                manner
                calculated to be understood by the claimant, which notice will contain
                the
                following information:

            

    

    

    
      	
               

            	
              (i)

            	
              Specific
                reason or reasons for the denial;

            

    

    

    
      	
               

            	
              (ii)

            	
              Specific
                references to pertinent Plan provisions upon which the denial is
                based;

            

    

    

    
      	
               

            	
              (iii)

            	
              A
                description of any additional material or infor­mation necessary for
                the claimant to perfect the claim and an explanation of why such
                material
                or information is necessary;

            

    

    

    
      	
               

            	
              (iv)

            	
              An
                explanation of this Plan’s claims review procedure describing the steps to
                be taken by a claimant who wishes to submit his claims for review
                and the
                time limits applicable to such
                procedures;

            

    

    

    
      	
               

            	
              (v)

            	
              A
                statement of the claimant’s right to bring a civil action under
                Section 502(a) of the Employee Retirement Income Security Act of
                1974, as amended (“ERISA”), following an adverse determination upon
                review; and

            

    

    

    
      	
               

            	
              (vi)

            	
              In
                the case of an adverse determination of a claim on account of disability,
                the information to the claimant shall include, to the extent necessary,
                the information set forth in Employee Benefits Security Administration
                Regulation §2560.503-1(g)(1)(v).

            

    

    

    If
      special circumstances require the extension of the 45-day or 90-day period
      described above, the claimant will be notified before the end of the initial
      period of the circumstances requiring the extension and the date by which the
      claims official expects to reach a decision.  Any extension for
      deciding a claim will not be for more than an additional 90-day period, or,
      if
      the claim is a claim on account of disability, for not more than two additional
      30-day periods.

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              (c)

            	
              Review
                Procedure.  The claimant or his authorized representative may,
                with respect to any denied claim:

            

    

    

    
      	
               

            	
              (i)

            	
              Request
                a review upon a written application filed within 60 days (180 days
                in the
                case of a denial of a claim on account of disability) after receipt
                by the
                claimant of written notice of the denial of his
                claim;

            

    

    

    
      	
               

            	
              (ii)

            	
              Review
                and receive copies of all documents relating to the claimant’s claim for
                benefits, free of charge; and

            

    

    

    
      	
               

            	
              (iii)

            	
              Submit
                documents, records, issues and comments in
                writing.

            

    

    

    Any
      request or submission will be in writing and will be directed to the Committee
      (or its designee).  The Committee (or its designee) will have the sole
      responsibility for the review of any denied claim and will take all steps
      appropriate in the light of its findings.

    

    
      	
               

            	
              (d)

            	
              Decision
                on Review.  The Committee (or its designee) will render a
                decision upon review not later than 60 days (45 days in the case
                of a
                claim on account of disability) after receipt of the request for
                review.  If special circumstances (such as the need to hold a
                hearing on any matter pertaining to the denied claim) warrant additional
                time, the decision will be rendered as soon as possible, but not
                later
                than 60 days after receipt of the request for review.  Written
                notice of any such extension will be furnished to the claimant prior
                to
                the commencement of the extension.  This notice will indicate
                the special circumstances requiring the extension and the date by
                which
                the Committee expects to render a decision and will be provided to
                the
                claimant prior to the expiration of the initial 45-day or 60-day
                period.  The Committee will consider all information submitted
                by the claimant, regardless of whether the information was part of
                the
                original claim.  The decision on review will be in writing and
                will include:

            

    

    

    
      	
               

            	
              (i)

            	
              Specific
                reason or reasons for the decision;

            

    

    

    
      	
               

            	
              (ii)

            	
              Specific
                references to pertinent Plan provisions upon which the decision is
                based;

            

    

    

    
      	
               

            	
              (iii)

            	
              The
                claimant’s ability to review and receive copies of all documents relating
                to the claimant’s claim for benefits, free of
                charge;

            

    

    

    
      	
               

            	
              (iv)

            	
              An
                explanation of any voluntary review procedures describing the steps
                to be
                taken by a claimant who wishes to submit his claims for review and
                the
                time limits applicable to such procedures;
                and

            

    

    

    
      	
               

            	
              (v)

            	
              A
                statement of the claimant’s right to bring a civil action under
                Section 502(a) of ERISA.

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    In
      the
      case of a claim on account of disability, the review of the denied claim shall
      be conducted by a named fiduciary who is neither the individual who made the
      benefit determination nor a subordinate of such person and no deference shall
      be
      given to the initial benefit determination.  For issues involving
      medical judgment, the named fiduciary must consult with an independent health
      care professional who may not be the health care professional who decided the
      initial claim.  To the extent permitted by law, the decision of the
      claims official (if no review is properly requested) or the decision of the
      review official on review, as the case may be, will be final and binding on
      all
      parties.  No legal action for benefits under this Plan will be brought
      unless and until the claimant has exhausted his or her remedies under this
      Section 7.6.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    ARTICLE
      VIII

    

    PARTICIPATING
      RELATED COMPANIES

    

    

    
      	
              8.1

            	
              Any
                Employer that is a Related Company and that is authorized by the
                board of
                directors of the Company to participate in this Plan may elect to
                participate by action of its own board of directors (or other managing
                body) and by entering into an agreement, a copy of which shall be
                attached
                hereto and made a part of this
                Plan.

            

    

    

    
      	
              8.2

            	
              The
                Company may, at any time and in its sole discretion, determine to
                exclude
                any Employer from this Plan. Any Employer may similarly elect to
                withdraw
                its participation by giving sixty (60) days prior written notice
                of its
                intent to withdraw.

            

    

    

    
      	
              8.3

            	
              A
                sale or liquidation of an Employer by the Company such that the Company
                no
                longer owns eighty (80) percent of such Employer, or the Employer
                is
                liquidated, the Company shall assume payment of such Employer’s remaining
                obligations and liabilities under this
                Plan.

            

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    ARTICLE
      IX

    

    MISCELLANEOUS
      PROVISIONS

    

    

    
      	
              9.1

            	
              Nothing
                contained herein shall require the Company or any other Employer
                to
                continue any Participant in its employ, or require any Participant
                to
                continue in the employ of the Company or any other Employer, nor
                does this
                Plan create any rights of any Participant or Beneficiary or any
                obligations on the part of the Company or any other Employer other
                than
                those set forth herein. The benefits payable under this Plan shall
                be
                independent of, and in addition to, any other employment agreements
                that
                may exist from time to time concerning any other compensation of
                benefits
                payable by any Employer.

            

    

    

    
      	
              9.2

            	
              The
                sole interest of each Participant and each Beneficiary under this
                Plan
                shall be to receive the deferred compensation benefits provided herein
                as
                and when the same shall become due and payable in accordance with
                the
                terms hereof; and, neither any Participant nor any Beneficiary shall
                have
                any right, title or interest (legal or equitable) in or to any of
                the
                specific property or assets of the Company or any other Employer.
                All
                benefits hereunder shall be paid solely from the general assets of
                the
                Employers and no Employer shall maintain any separate fund or other
                separated assets to provide any benefits hereunder. In no manner
                shall any
                property of any Participant or Beneficiary be used as collateral
                security
                for the performance of the obligations imposed by this Plan on the
                Employers. The rights of a Participant or Beneficiary hereunder shall
                be
                solely those of an unfunded and unsecured creditor in respect to
                the
                promise of the Employers to make contributions to this Plan or to
                pay
                benefits to the Participant or Beneficiary in the
                future.

            

    

    

    
      	
              9.3

            	
              Notwithstanding
                any provisions of this Plan to the contrary, an Employer may in its
                sole
                and absolute discretion determine and offset any amount to be paid
                to a
                Participant under this Plan against any amount up to $5,000 that
                such
                Participant may owe to such Employer to the extent permitted by Treasury
                Regulation §1.409A-3(j)(4)(xiii).

            

    

    

    
      	
              9.4

            	
              To
                the extent required by law, the Employer shall withhold from other
                amounts
                owed to a Participant or require the Participant to remit to the
                Employer
                an amount sufficient to satisfy federal, state and local withholding
                tax
                requirements on any distribution from a Participant’s Supplemental
                Retirement Benefit or on the vesting, payment or cancellation of
                amounts
                owed to the Participant under this Plan.  Determinations by the
                Committee as to withholding shall be binding on the Participant and
                applicable Beneficiary(ies).

            

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    ARTICLE
      X

    

    GENERAL
      PROVISIONS

    

    

    
      	
              10.1

            	
              This
                Plan shall constitute a plan that is unfunded and that is maintained
                primarily for the purpose of providing deferred compensation in the
                form
                of a retirement benefit for a select group of highly compensated
                employees, as determined by the board of directors of the Company
                in its
                sole and absolute discretion.

            

    

    

    
      	
              10.2

            	
              The
                laws of the State of Ohio shall be the controlling state law in all
                matters relating to this Plan and shall apply to the extent that
                this Plan
                is not preempted by any law of the United States of
                America.

            

    

    

    
      	
              10.3

            	
              If
                any provision of this Plan is held invalid or unenforceable, such
                invalidity or unenforceability shall not affect any other provisions
                hereof and this Plan shall be construed and enforced as if such provision
                had not been included.

            

    

    

    
      	
              10.4

            	
              This
                Plan is intended to comply with the requirements imposed by Code
                Section
                409A and the Treasury Regulations promulgated thereunder (and any
                subsequent notices or guidance issued by the Internal Revenue Service),
                and this Plan will be interpreted, administered and operated
                accordingly.  Nothing herein shall be construed as an
                entitlement to or guarantee of any particular tax treatment to a
                Participant.

            

    

    

    
      	
              10.5

            	
              The
                Company may accelerate the time or schedule of a distribution to
                a
                Participant to pay an amount the Participant includes in income as
                a
                result of this Plan failing to meet the requirements of Code Section
                409A
                and the Treasury Regulations promulgated thereunder.  Such
                payment may not exceed the amount required to be included in income
                as a
                result of the failure to comply with Code Section 409A and the Treasury
                Regulations promulgated thereunder.

            

    

    

    

    IN
      WITNESS WHEREOF, the Company has caused this Plan to be signed, adopted and
      dated this 28th
      day of August, 2007.

    

    
      	 	
              Big
                Lots, Inc.

            
	 	 	 
	 	
              By:

            	
               /s/
                Charles W. Haubiel II

            
	 	 	 
	 	
              Title:

            	
              Senior
                Vice President, General

            
	 	 	
               Counsel
                and Corporate Secretary

            

    

    

     

    17ex10_26.htm

    
      

    

    EXHIBIT
      10.26

    

    SYMYX
      TECHNOLOGIES, INC.

    INDEMNIFICATION
      AGREEMENT

    

            This
      Indemnification Agreement ("Agreement") is effective as of _____,
      20__  by and between Symyx Technologies, Inc., a Delaware corporation
      (the "Company"), and ______ ("Indemnitee").

    

            WHEREAS,
      the Company desires to attract and retain the services of highly qualified
      individuals, such as Indemnitee, to serve the Company and its related
      entities;

    

            WHEREAS,
      in order to induce Indemnitee to provide services to the Company, the Company
      wishes to provide for the indemnification of, and the advancement of expenses
      to, Indemnitee to the maximum extent permitted by law;

    

            WHEREAS,
      the Company and Indemnitee recognize the continued difficulty in obtaining
      liability insurance for the Company's directors, officers, employees, agents
      and
      fiduciaries, the significant increases in the cost of such insurance and the
      general reductions in the coverage of such insurance;

    

            WHEREAS,
      the Company and Indemnitee further recognize the substantial increase in
      corporate litigation in general, subjecting directors, officers, employees,
      agents and fiduciaries to expensive litigation risks at the same time as the
      availability and coverage of liability insurance has been severely limited;
      and

    

            WHEREAS,
      the Company and Indemnitee desire to have in place the additional protection
      provided by an indemnification agreement to provide indemnification and
      advancement of expenses to the Indemnitee to the maximum extent permitted by
      Delaware law;

    

            WHEREAS,
      in view of the considerations set forth above, the Company desires that
      Indemnitee shall be indemnified and advanced expenses by the Company as set
      forth herein;

    

            NOW,
      THEREFORE, the Company and Indemnitee hereby agree as set forth

    below.

    

            1.
      Certain Definitions.

    

                    (a)
      "Change in Control" shall mean, and shall be deemed to have occurred if, on
      or
      after the date of this Agreement, (i) any "person" (as such term is used in
      Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended)
      or
      group acting in concert, other than a trustee or other fiduciary holding
      securities under an employee benefit plan of the Company acting in such capacity
      or a corporation owned directly or indirectly by the stockholders of the Company
      in substantially the same proportions as their ownership of stock of the
      Company, becomes the "beneficial owner" (as defined in Rule
      13d-3 under said Act), directly or indirectly, of securities of the Company
      representing more than 50% of the total voting power represented by the
      Company's then outstanding Voting Securities, (ii) during any period of two
      consecutive years, individuals who at the beginning of such period constitute
      the Board of Directors of the Company and any new director whose election by
      the
      Board of Directors or nomination for election by the Company's stockholders
      was
      approved by a vote of at least two thirds (2/3) of the directors then still
      in
      office who either were directors at the beginning of the period or whose
      election or nomination for election was previously so approved, cease for any
      reason to constitute a majority thereof, (iii) the stockholders of the Company
      approve a merger or consolidation of the Company with any other corporation
      other than a merger or consolidation which would result in the Voting Securities
      of the Company outstanding immediately prior thereto continuing to represent
      (either by remaining outstanding or by being converted into Voting Securities
      of
      the surviving entity) at least 80% of the total voting power represented by
      the
      Voting Securities of the Company or such surviving entity outstanding
      immediately after such merger or consolidation, or (iv) the stockholders of
      the
      Company approve a plan of complete liquidation of the Company or an agreement
      for the sale or disposition by the Company of (in one transaction or a series
      of
      related transactions) all or substantially all of the Company's
      assets.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (b)
      "Claim" shall mean with respect to a Covered Event: any threatened, pending
      or
      completed action, suit, proceeding or alternative dispute resolution mechanism,
      or any hearing, inquiry or investigation that Indemnitee in good faith believes
      might lead to the institution of any such action, suit, proceeding or
      alternative dispute resolution mechanism, whether civil, criminal,
      administrative, investigative or other.

    

                    (c)
      References to the "Company" shall include, in addition to Symyx Technologies,
      Inc., any constituent corporation (including any constituent of a constituent)
      absorbed in a consolidation or merger to which Symyx Technologies, Inc. (or
      any
      of its wholly owned subsidiaries) is a party which, if its separate existence
      had continued, would have had power and authority to indemnify its directors,
      officers, employees, agents or fiduciaries, so that if Indemnitee is or was
      a
      director, officer, employee, agent or fiduciary of such constituent corporation,
      or is or was serving at the request of such constituent corporation as a
      director, officer, employee, agent or fiduciary of another corporation,
      partnership, joint venture, employee benefit plan, trust or other enterprise,
      Indemnitee shall stand in the same position under the provisions of this
      Agreement with respect to the resulting or surviving corporation as Indemnitee
      would have with respect to such constituent corporation if its separate
      existence had continued.

    

                    (d)
      "Covered Event" shall mean any event or occurrence related to the fact that
      Indemnitee is or was a director, officer, employee, agent or fiduciary of the
      Company, or any subsidiary of the Company, or is or was serving at the request
      of the Company as a director, officer, employee, agent or fiduciary of another
      corporation, partnership, joint venture, trust or other enterprise, or by reason
      of any action or inaction on the part of Indemnitee while serving in such
      capacity.

    

                    (e)
      "Expenses" shall mean any and all expenses (including attorneys' fees and all
      other costs, expenses and obligations incurred in connection with investigating,
      defending, being a witness in or participating in (including on appeal), or
      preparing to defend, to be a witness in or to participate in, any action, suit,
      proceeding, alternative dispute resolution mechanism, hearing, inquiry or
      investigation), judgments, fines, penalties and amounts paid in settlement
      (if
      such settlement is approved in advance by the Company, which approval shall
      not
      be unreasonably withheld) of any Claim and any federal, state, local or foreign
      taxes imposed on the Indemnitee as a result of the actual or deemed receipt
      of
      any payments under this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (f)
      "Expense Advance" shall mean a payment to Indemnitee pursuant to Section 3
      of
      Expenses in advance of the settlement of or final judgment in any action, suit,
      proceeding or alternative dispute resolution mechanism, hearing, inquiry or
      investigation which constitutes a Claim.

    

                    (g)
      "Independent Legal Counsel" shall mean an attorney or firm of attorneys,
      selected in accordance with the provisions of Section 2(d) hereof, who shall
      not
      have otherwise performed services for the Company or Indemnitee within the
      last
      three years (other than with respect to matters concerning the rights of
      Indemnitee under this Agreement, or of other Indemnitees under similar indemnity
      agreements).

    

                    (h)
      References to "other enterprises" shall include employee benefit plans;
      references to "fines" shall include any excise taxes assessed on Indemnitee
      with
      respect to an employee benefit plan; and references to "serving at the request
      of the Company" shall include any service as a director, officer, employee,
      agent or fiduciary of the Company which imposes duties on, or involves services
      by, such director, officer, employee, agent or fiduciary with respect to an
      employee benefit plan, its participants or its beneficiaries; and if Indemnitee
      acted in good faith and in a manner Indemnitee reasonably believed to be in
      the
      interest of the participants and beneficiaries of an employee benefit plan,
      Indemnitee shall be deemed to have acted in a manner "not opposed to the best
      interests of the Company" as referred to in this Agreement.

    

                    (i)
      "Reviewing Party" shall mean, subject to the provisions of Section 2(d), any
      person or body appointed by the Board of Directors in accordance with applicable
      law to review the Company's obligations hereunder and under applicable law,
      which may include a member or members of the Company's Board of Directors,
      Independent Legal Counsel or any other person or body not a party to the
      particular Claim for which Indemnitee is seeking indemnification.

    

                    (j)
      "Section" refers to a section of this Agreement unless otherwise
      indicated.

    

                    (k)
      "Voting Securities" shall mean any securities of the Company that vote generally
      in the election of directors.

    

            2.
      Indemnification.

    

                    (a)
      Indemnification of Expenses. Subject to the provisions of Section 2(b) below,
      the Company shall indemnify Indemnitee for Expenses to the fullest extent
      permitted by law if Indemnitee was or is or becomes a party to or witness or
      other participant in, or is threatened to be made a party to or witness or
      other
      participant in, any Claim (whether by reason of or arising in part out of a
      Covered Event), including all interest, assessments and other charges paid
      or
      payable in connection with or in respect of such Expenses.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (b)
      Review of Indemnification Obligations. Notwithstanding the foregoing, in the
      event any Reviewing Party shall have determined (in a written opinion, in any
      case in which Independent Legal Counsel is the Reviewing Party) that Indemnitee
      is not entitled to be indemnified hereunder under applicable law, (i) the
      Company shall have no further obligation under Section 2(a) to make any payments
      to Indemnitee not made prior to such determination by such Reviewing Party,
      and
      (ii) the Company shall be entitled to be reimbursed by Indemnitee (who hereby
      agrees to reimburse the Company) for all Expenses theretofore paid to Indemnitee
      to which Indemnitee is not entitled hereunder under applicable law; provided,
      however, that if Indemnitee has commenced or thereafter commences legal
      proceedings in a court of competent jurisdiction to secure a determination
      that
      Indemnitee is entitled to be indemnified hereunder under applicable law, any
      determination made by any Reviewing Party that Indemnitee is not entitled to
      be
      indemnified hereunder under applicable law shall not be binding and Indemnitee
      shall not be required to reimburse the Company for any Expenses theretofore
      paid
      in indemnifying Indemnitee until a final judicial determination is made with
      respect thereto (as to which all rights of appeal therefrom have been exhausted
      or lapsed). Indemnitee's obligation to reimburse the Company for any Expenses
      shall be unsecured and no interest shall be charged thereon.

    

                    (c)
      Indemnitee Rights on Unfavorable Determination; Binding Effect. If any Reviewing
      Party determines that Indemnitee substantively is not entitled to be indemnified
      hereunder in whole or in part under applicable law, Indemnitee shall have the
      right to commence litigation seeking an initial determination by the court
      or
      challenging any such determination by such Reviewing Party or any aspect
      thereof, including the legal or factual bases therefore, and, subject to the
      provisions of Section 15, the Company hereby consents to service of process
      and
      to appear in any such proceeding. Absent such litigation, any determination
      by
      any Reviewing Party shall be conclusive and

    binding
      on the Company and Indemnitee.

    

                    (d)
      Selection of Reviewing Party; Change in Control. If there has not been a Change
      in Control, any Reviewing Party shall be selected by the Board of Directors,
      and
      if there has been such a Change in Control (other than a Change in Control
      which
      has been approved by a majority of the Company's Board of Directors who were
      directors immediately prior to such Change in Control), any Reviewing Party
      with
      respect to all matters thereafter arising concerning the rights of Indemnitee
      to
      indemnification of Expenses under this Agreement or any other agreement or
      under
      the Company's Certificate of Incorporation or Bylaws as now or hereafter in
      effect, or under any other applicable law, if desired by Indemnitee, shall
      be
      Independent Legal Counsel selected by Indemnitee and approved by the Company
      (which approval shall not be unreasonably withheld). Such counsel, among other
      things, shall render its written opinion to the Company and Indemnitee as to
      whether and to what extent Indemnitee would be entitled to be indemnified
      hereunder under applicable law and the Company agrees to abide by such opinion.
      The Company agrees to pay the reasonable fees of the Independent Legal Counsel
      referred to above and to indemnify fully such counsel against any and all
      expenses (including attorneys' fees), claims, liabilities and damages arising
      out of or relating to this Agreement or its engagement pursuant hereto.
      Notwithstanding any other provision of this Agreement, the Company shall not
      be
      required to pay Expenses of more than one Independent Legal Counsel in
      connection with all matters concerning a single Indemnitee, and such Independent
      Legal Counsel shall be the Independent Legal Counsel for any or all other
      Indemnitees unless (i) the employment of separate counsel by one or more
      Indemnitees has been previously authorized by the Company in writing, or (ii)
      an
      Indemnitee shall have provided to the Company a written statement that such
      Indemnitee has reasonably concluded that there may be a conflict of interest
      between such Indemnitee and the other Indemnitees with respect to the matters
      arising under this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (e)
      Mandatory Payment of Expenses. Notwithstanding any other provision of this
      Agreement other than Section 10 hereof, to the extent that Indemnitee has been
      successful on the merits or otherwise, including, without limitation, the
      dismissal of an action without prejudice, in defense of any Claim, Indemnitee
      shall be indemnified against all Expenses incurred by Indemnitee in connection
      therewith.

    

            3.
      Expense Advances.

    

                    (a)
      Obligation to Make Expense Advances. Upon receipt of a written undertaking
      by or
      on behalf of the Indemnitee to repay such amounts if it shall ultimately be
      determined that the Indemnitee is not entitled to be indemnified therefore
      by
      the Company hereunder under applicable law, the Company shall make Expense
      Advances to Indemnitee.

    

                    (b)
      Form of Undertaking. Any obligation to repay any Expense Advances hereunder
      pursuant to a written undertaking by the Indemnitee shall be unsecured and
      no
      interest shall be charged thereon.

    

                    (c)
      Determination of Reasonable Expense Advances. The parties agree that for the
      purposes of any Expense Advance for which Indemnitee has made written demand
      to
      the Company in accordance with this Agreement, all Expenses included in such
      Expense Advance that are certified by affidavit of Indemnitee's counsel as
      being
      reasonable shall be presumed conclusively to be reasonable.

    

            4.
      Procedures for Indemnification and Expense Advances.

    

                    (a)
      Timing of Payments. All payments of Expenses (including without limitation
      Expense Advances) by the Company to the Indemnitee pursuant to this Agreement
      shall be made to the fullest extent permitted by law as soon as practicable
      after written demand by Indemnitee therefor is presented to the Company, but
      in
      no event later than thirty (30) business days after such written demand by
      Indemnitee is presented to the Company, except in the case of Expense Advances,
      which shall be made no later than ten (10) business days after such written
      demand by Indemnitee is presented to the Company.

    

                    (b)
      Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent
      to
      Indemnitee's right to be indemnified or Indemnitee's right to receive Expense
      Advances under this Agreement, give the Company notice in writing as soon as
      practicable of any Claim made against Indemnitee for which indemnification
      will
      or could be sought under this Agreement. Notice to the Company shall be directed
      to the Chief Executive Officer of the Company at the address shown on the
      signature page of this Agreement (or such other address as the Company shall
      designate in writing to Indemnitee). In addition, Indemnitee shall give the
      Company such information and cooperation as it may reasonably require and as
      shall be within Indemnitee's power.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (c)
      No Presumptions; Burden of Proof. For purposes of this Agreement, the
      termination of any Claim by judgment, order, settlement (whether with or without
      court approval) or conviction, or upon a plea of nolo contendere, or its
      equivalent, shall not create a presumption that Indemnitee did not meet any
      particular standard of conduct or have any particular belief or that a court
      has
      determined that indemnification is not permitted by this Agreement or applicable
      law. In addition, neither the failure of any Reviewing Party to have made a
      determination as to whether Indemnitee has met any particular standard of
      conduct or had any particular belief, nor an actual determination by any
      Reviewing Party that Indemnitee has not met such standard of conduct or did
      not
      have such belief, prior to the commencement of legal proceedings by Indemnitee
      to secure a judicial determination that Indemnitee should be indemnified under
      this Agreement under applicable law, shall be a defense to Indemnitee's claim
      or
      create a presumption that Indemnitee has not met any particular standard of
      conduct or did not have any particular belief. In connection with any
      determination by any Reviewing Party or otherwise as to whether the Indemnitee
      is entitled to be indemnified hereunder under applicable law, the burden of
      proof shall be on the Company to establish that Indemnitee is not so
      entitled.

    

                    (d)
      Notice to Insurers. If, at the time of the receipt by the Company of a notice
      of
      a Claim pursuant to Section 4(b) hereof, the Company has liability insurance
      in
      effect which may cover such Claim, the Company shall give prompt notice of
      the
      commencement of such Claim to the insurers in accordance with the procedures
      set
      forth in the respective policies. The Company shall thereafter take all
      necessary or desirable action to cause such insurers to pay, on behalf of the
      Indemnitee, all amounts payable as a result of such Claim in accordance with
      the
      terms of such policies.

    

                    (e)
      Selection of Counsel. In the event the Company shall be obligated hereunder
      to
      provide indemnification for or make any Expense Advances with respect to the
      Expenses of any Claim, the Company, if appropriate, shall be entitled to assume
      the defense of such Claim with counsel approved by Indemnitee (which approval
      shall not be unreasonably withheld) upon the delivery to Indemnitee of written
      notice of the Company's election to do so. After delivery of such notice,
      approval of such counsel by Indemnitee and the retention of such counsel by
      the
      Company, the Company will not be liable to Indemnitee under this Agreement
      for
      any fees or expenses of separate counsel subsequently retained by or on behalf
      of Indemnitee with respect to the same Claim; provided that, (i) Indemnitee
      shall have the right to employ Indemnitee's separate counsel in any such Claim
      at Indemnitee's expense and (ii) if (A) the employment of separate counsel
      by
      Indemnitee has been previously authorized by the Company, (B) Indemnitee shall
      have reasonably concluded that there may be a conflict of interest between
      the
      Company and Indemnitee in the conduct of any such defense, or (C) the Company
      shall not continue to retain such counsel to defend such Claim, then the fees
      and expenses of Indemnitee's separate counsel shall be Expenses for which
      Indemnitee may receive indemnification or Expense Advances
      hereunder.

    

            5.
      Additional Indemnification Rights; Nonexclusivity.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    (a)
      Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest
      extent permitted by law, notwithstanding that such indemnification is not
      specifically authorized by the other provisions of this Agreement, the Company's
      Certificate of Incorporation, the Company's Bylaws or by statute. In the event
      of any change after the date of this Agreement in any applicable law, statute
      or
      rule which expands the right of a Delaware corporation to indemnify a member
      of
      its board of directors or an officer, employee, agent or fiduciary, it is the
      intent of the parties hereto that Indemnitee shall enjoy by this Agreement
      the
      greater benefits afforded by such change. In the event of any change in any
      applicable law, statute or rule which narrows the right of a Delaware
      corporation to indemnify a member of its board of directors or an officer,
      employee, agent or fiduciary, such change, to the extent not otherwise required
      by such law, statute or rule to be applied to this Agreement, shall have no
      effect on this Agreement or the parties' rights and obligations hereunder except
      as set forth in Section 10(a) hereof.

    

                    (b)
      Nonexclusivity. The indemnification and the payment of Expense Advances provided
      by this Agreement shall be in addition to any rights to which Indemnitee may
      be
      entitled under the Company's Certificate of Incorporation, its Bylaws, any
      other
      agreement, any vote of stockholders or disinterested directors, the General
      Corporation Law of the State of Delaware, or otherwise. The indemnification
      and
      the payment of Expense Advances provided under this Agreement shall continue
      as
      to Indemnitee for any action taken or not taken while serving in an indemnified
      capacity even though subsequent thereto Indemnitee may have ceased to serve
      in
      such capacity.

    

            6.
      No Duplication of Payments. The Company shall not be liable under this Agreement
      to make any payment in connection with any Claim made against Indemnitee to
      the
      extent Indemnitee has otherwise actually received payment (under any insurance
      policy, provision of the Company's Certificate of Incorporation, Bylaws or
      otherwise) of the amounts otherwise payable hereunder.

    

            7.
      Partial Indemnification. If Indemnitee is entitled under any provision of this
      Agreement to indemnification by the Company for some or a portion of Expenses
      incurred in connection with any Claim, but not, however, for all of the total
      amount thereof, the Company shall nevertheless indemnify Indemnitee for the
      portion of such Expenses to which Indemnitee is entitled.

    

            8.
      Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in
      certain instances, federal law or applicable public policy may prohibit the
      Company from indemnifying its directors, officers, employees, agents or
      fiduciaries under this Agreement or otherwise. Indemnitee understands and
      acknowledges that the Company has undertaken or may be required in the future
      to
      undertake with the Securities and Exchange Commission to submit the question
      of
      indemnification to a court in certain circumstances for a determination of
      the
      Company's right under public policy to indemnify Indemnitee.

    

            9.
      Liability Insurance. To the extent the Company maintains liability insurance
      applicable to directors, officers, employees, agents or fiduciaries, Indemnitee
      shall be covered by such policies in such a manner as to provide Indemnitee
      the
      same rights and benefits as are provided to the most favorably insured of the
      Company's directors, if Indemnitee is a director; or of the Company's officers,
      if Indemnitee is not a director of the Company but is an officer; or of the
      Company's key employees, agents or fiduciaries, if Indemnitee is not an officer
      or director but is a key employee, agent or fiduciary.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

            10.
      Exceptions. Notwithstanding any other provision of this Agreement, the Company
      shall not be obligated pursuant to the terms of this Agreement:

    

                    (a)
      Excluded Action or Omissions. To indemnify or make Expense Advances to
      Indemnitee with respect to Claims arising out of acts, omissions or transactions
      for which Indemnitee is prohibited from receiving indemnification under
      applicable law.

    

                    (b)
      Claims Initiated by Indemnitee. To indemnify or make Expense Advances to
      Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee
      and not by way of defense, counterclaim or crossclaim, except (i) with respect
      to actions or proceedings brought to establish or enforce a right to
      indemnification under this Agreement or any other agreement or insurance policy
      or under the Company's Certificate of Incorporation or Bylaws now or hereafter
      in effect relating to Claims for Covered Events, (ii) in specific cases if
      the
      Board of Directors has approved the initiation or bringing of such Claim, or
      (iii) as otherwise required under Section 145 of the Delaware General
      Corporation Law, regardless of whether Indemnitee ultimately is determined
      to be
      entitled to such indemnification, Expense Advances, or insurance recovery,
      as
      the case may be.

    

                    (c)
      Lack of Good Faith. To indemnify Indemnitee for any Expenses incurred by the
      Indemnitee with respect to any action instituted (i) by Indemnitee to enforce
      or
      interpret this Agreement, if a court having jurisdiction over such action
      determines as provided in Section 13 that each of the material assertions made
      by the Indemnitee as a basis for such action was not made in good faith or
      was
      frivolous, or (ii) by or in the name of the Company to enforce or interpret
      this
      Agreement, if a court having jurisdiction over such action determines as
      provided in Section 13 that each of the material defenses asserted by Indemnitee
      in such action was made in bad faith or was

    frivolous.

    

                    (d)
      Claims Under Section 16(b). To indemnify Indemnitee for Expenses and the payment
      of profits arising from the purchase and sale by Indemnitee of securities in
      violation of Section 16(b) of the Securities Exchange Act of 1934, as amended,
      or any similar successor statute.

    

            11.
      Counterparts. This Agreement may be executed in one or more counterparts, each
      of which shall constitute an original.

    

            12.
      Binding Effect; Successors and Assigns. This Agreement shall be binding upon
      and
      inure to the benefit of and be enforceable by the parties hereto and their
      respective successors, assigns (including any direct or indirect successor
      by
      purchase, merger, consolidation or otherwise to all or substantially all of
      the
      business or assets of the Company), spouses, heirs and personal and legal
      representatives. The Company shall require and cause any successor (whether
      direct or indirect, and whether by purchase, merger, consolidation or otherwise)
      to all, substantially all, or a substantial part, of the business or assets
      of
      the Company, by written agreement in form and substance satisfactory to
      Indemnitee, expressly to assume and agree to perform this Agreement in the
      same
      manner and to the same extent that the Company would be required to perform
      if
      no such succession had taken place. This Agreement shall continue in effect
      regardless of whether Indemnitee continues to serve as a director, officer,
      employee, agent or fiduciary (as applicable) of the Company or of any other
      enterprise at the Company's request.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

            13.
      Expenses Incurred in Action Relating to Enforcement or Interpretation. In the
      event that any action is instituted by Indemnitee under this Agreement or under
      any liability insurance policies maintained by the Company to enforce or
      interpret any of the terms hereof or thereof, Indemnitee shall be entitled
      to be
      indemnified for all Expenses incurred by Indemnitee with respect to such action
      (including without limitation attorneys' fees), regardless of whether Indemnitee
      is ultimately successful in such action, unless as a part of such action a
      court
      having jurisdiction over such action makes a final judicial determination (as
      to
      which all rights of appeal therefrom have been exhausted or lapsed) that each
      of
      the material assertions made by Indemnitee as a basis for such action was not
      made in good faith or was frivolous; provided, however, that until such final
      judicial determination is made, Indemnitee shall be entitled under Section
      3 to
      receive payment of Expense Advances hereunder with respect to such action.
      In
      the event of an action instituted by or in the name of the Company under this
      Agreement to enforce or interpret
      any of the terms of this Agreement, Indemnitee shall be entitled to be
      indemnified for all Expenses incurred by Indemnitee in defense of such action
      (including without limitation costs and expenses incurred with respect to
      Indemnitee's counterclaims and cross-claims made in such action), unless as
      a
      part of such action a court having jurisdiction over such action makes a final
      judicial determination (as to which all rights of appeal therefrom have been
      exhausted or lapsed) that each of the material defenses asserted by Indemnitee
      in such action was made in bad faith or was frivolous; provided, however, that
      until such final judicial determination is made, Indemnitee shall be entitled
      under
      Section 3 to receive payment of Expense Advances hereunder with respect to
      such
      action.

    

            14.
      Period of Limitations. No legal action shall be brought and no cause of action
      shall be asserted by or in the right of the Company against Indemnitee,
      Indemnitee's estate, spouse, heirs, executors or personal or legal
      representatives after the expiration of two years from the date of accrual
      of
      such cause of action, and any claim or cause of action of the Company shall
      be
      extinguished and deemed released unless asserted by the timely filing of a
      legal
      action within such two year period; provided, however, that if any shorter
      period of limitations is otherwise applicable to any such cause of action,
      such
      shorter period shall govern.

    

            15.
      Notice. All notices, requests, demands and other communications under this
      Agreement shall be in writing and shall be deemed duly given (i) if delivered
      by
      hand and signed for by the party addressed, on the date of such delivery, or
      (ii) if mailed by domestic certified or registered mail with postage prepaid,
      on
      the third business day after the date postmarked. Addresses for notice to either
      party are as shown on the signature page of this Agreement, or as subsequently
      modified by written notice.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

            16.
      Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably
      consent to the jurisdiction of the courts of the State of Delaware for all
      purposes in connection with any action or proceeding which arises out of or
      relates to this Agreement and agree that any action instituted under this
      Agreement shall be commenced, prosecuted and continued only in the Court of
      Chancery of the State of Delaware in and for New Castle County, which shall
      be
      the exclusive and only proper forum for adjudicating such a claim.

    

            17.
      Severability. The provisions of this Agreement shall be severable in the event
      that any of the provisions hereof (including any provision within a single
      section, paragraph or sentence) are held by a court of competent jurisdiction
      to
      be invalid, void or otherwise unenforceable, and the remaining provisions shall
      remain enforceable to the fullest extent permitted by law. Furthermore, to
      the
      fullest extent possible, the provisions of this Agreement (including without
      limitation each portion of this Agreement containing any provision held to
      be
      invalid, void or otherwise unenforceable, that is not itself invalid, void
      or
      unenforceable) shall be construed so as to give effect to the intent manifested
      by the provision held invalid, illegal or unenforceable.

    

            18.
      Choice of Law. This Agreement, and all rights, remedies, liabilities, powers
      and
      duties of the parties to this Agreement, shall be governed by and construed
      in
      accordance with the laws of the State of Delaware as applied to contracts
      between Delaware residents entered into and to be performed entirely in the
      State of Delaware without regard to principles of conflicts of
      laws.

    

            19.
      Subrogation. In the event of payment under this Agreement, the Company shall
      be
      subrogated to the extent of such payment to all of the rights of recovery of
      Indemnitee, who shall execute all documents required and shall do all acts
      that
      may be necessary to secure such rights and to enable the Company effectively
      to
      bring suit to enforce such rights.

    

            20.
      Amendment and Termination. No amendment, modification, termination or
      cancellation of this Agreement shall be effective unless it is in writing signed
      by both the parties hereto. No waiver of any of the provisions of this Agreement
      shall be deemed to be or shall constitute a waiver of any other provisions
      hereof (whether or not similar), nor shall such waiver constitute a continuing
      waiver.

    

            21.
      Integration and Entire Agreement. This Agreement sets forth the entire
      understanding between the parties hereto and supersedes and merges all previous
      written and oral negotiations, commitments, understandings and agreements
      relating to the subject matter hereof between the parties hereto.

    

            22.
      No Construction as Employment Agreement. Nothing contained in this Agreement
      shall be construed as giving Indemnitee any right to be retained in the employ
      of the Company or any of its subsidiaries or affiliated entities.

    

    

            IN
      WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement
      as of the date first above written.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SYMYX
      TECHNOLOGIES, INC.

     

    
      	
              By:

            	 	
               

            	 
	 	 	
              ISY
                GOLDWASSER      

            
	 	 	
              CHIEF
                EXECUTIVE OFFICER 

            
	 	 	 	 
	
              Address:

            	 	
              3100
                Central Expressway 

            
	 	 	
              Santa
                Clara, CA 95051 

            
	 	 	 	 
	 	 	 	 
	 	 	
              AGREED
                TO AND ACCEPTED 

            
	 	 	 	 
	 	 	
              INDEMNITEE:

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