Document:

ex10_2.htm

    
      

    

    
      Exhibit
10.2

    

    

    EMPLOYMENT
AGREEMENT

     

    EMPLOYMENT AGREEMENT, made and entered
into as of the 8th day of April, 2008 by and between CONCURRENT COMPUTER
CORPORATION, a Delaware corporation ("Concurrent" or the "Company"), and Dan
Mondor (the "Employee").

     

    W I T N E
S S E T H :

     

    - - - - -
- - - - - -

     

    WHEREAS, the Company desires to employ
the Employee and the Employee desires to accept such employment with the
Company;

     

    NOW, THEREFORE, in consideration of the
premises and mutual covenants contained herein and for other good and valuable
consideration, the parties agree as follows:

     

    
      	
               
      

            	
              1.

            	
              Employment

            

    

     

    The Company hereby employs the Employee
and the Employee hereby accepts employment with the Company for the term set
forth in Section 2 below, in the position and with the duties and
responsibilities set forth in Section 3 below, and upon other terms and
conditions hereinafter stated.

     

    
      	
               
      

            	
              2.

            	
              Term

            

    

     

    The term of employment hereunder shall
commence on April 23, 2008 and shall continue for a period of four (4) years
ending on the fourth anniversary of the commencement date (the
“Term”).  The initial four-year Term automatically shall extend for
one additional year on such fourth anniversary date and on each subsequent
annual anniversary of such date unless the Company or the Employee notifies the
other at least 120 days before such anniversary date that no such extension will
be effected.

     

    
      	
               
      

            	
              3.

            	
              Position;
      Duties; Responsibilities

            

    

     

    3.1           It
is intended that at all times during the Term of employment hereunder, the
Employee shall serve as the Chief Executive Officer of the
Company.  The Employee agrees to perform such senior executive officer
and managerial services customary to such position as are necessary to the
operations of the Company and as may be assigned to him from time to time by the
Company's Board of Directors (the "Board of Directors").

     

    3.2           Throughout
the Term of employment hereunder, the Employee shall devote his full time and
undivided attention during normal business hours to the business and affairs of
the Company, as appropriate to his responsibilities and duties hereunder, except
for reasonable vacations and illness or other disability, but nothing in this
Agreement shall preclude the Employee from devoting reasonable periods required
for serving as a director or member of any advisory committee of not more than
two (at any time) "for profit" organizations involving no conflict of interest
with the interests of the Company (subject to approval by the Board of
Directors, which approval shall not be unreasonably withheld), or from engaging
in charitable and community activities, or from managing his personal
investments, provided such activities do not materially interfere with the
performance of his duties and responsibilities under this
Agreement.

     

    
      	
               
      

            	
              4.

            	
              Compensation

            

    

     

    4.1           Salary

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    For services rendered by the Employee
during the Term of employment hereunder, the Employee shall be paid a salary,
payable in accordance with the then existing applicable payroll policy of the
Company, at an annualized rate of $370,000, for 2008, such salary to be reviewed
annually.

     

    4.2           Annual
Bonus Opportunity

     

    During the Term of employment
hereunder, the Employee will be eligible for a bonus opportunity under the
Company’s Annual Incentive Plan, which currently provides an annual bonus
opportunity in a target amount of sixty-five percent (65%) of the then current
base salary (pro-rated based on the Employee's start date, as applicable) with a
maximum bonus of 150% of the target bonus.  The targets and objectives
for each year and other terms and conditions of the bonus opportunity shall be
established in advance of each year by the Compensation Committee of the Board
of Directors with the input of the Chief Executive Officer.

     

    4.3           Employee
Benefit Plans

     

    During the Term of employment
hereunder, the Employee will be eligible to participate in all employee benefit
programs of the Company now or hereafter made available to senior executives, in
accordance with the provisions thereof as in effect from time to
time.  In any event, the Employee shall be entitled to vacation days
at the rate of four weeks per calendar year or such greater amount as may be
provided by Company policies in effect from time to time.

     

    4.4           Restricted
Stock; Stock Options; Long Term Incentive Plans

     

    The Compensation Committee of the Board
of Directors will grant to the Employee an award of 300,000 shares of Restricted
Stock as soon as practicable after the Employee joins the
Company.  The terms of the award shall provide for the lapse of
restrictions as follows:  restrictions on 75,000 shares shall lapse on
the first anniversary of the grant date; restrictions on 75,000 shares shall
lapse on the second anniversary of the grant date; restrictions on 75,000 shares
shall lapse on the third anniversary of the grant date; and restrictions on
75,000 shares shall lapse on the fourth anniversary of the grant date. In
addition, the award will provide that all restrictions shall lapse in the event
of a Termination Without Due Cause as described in Section 5.4, a change in
control as described in Section 5.5 or constructive termination of employment by
the Company as described in Section 5.6.  The Restricted Stock
award shall be subject to and governed by the terms and conditions of the terms
of the Concurrent Computer Corporation Second Amended and Restated 2001 Stock
Option Plan (“2001 Stock Option Plan”) and the award
document.  “Change in control” shall have the same meaning as in the
2001 Stock Option Plan, as amended from time to time.  A copy of the
current definition of “change in control” is attached as Exhibit A.

     

     

    The Compensation Committee of the Board
of Directors will grant to the Employee an option to purchase an aggregate
600,000 shares of the Company’s common stock as soon as practicable after the
Employee joins the Company.  The per share exercise price of the
option will be the fair market value of the Company's common stock on the grant
date.  The terms of the award shall provide for vesting over a 4 year
term at the rate of 25% on each anniversary of the grant date. In addition, the
award will provide for full vesting in the event of a Termination Without Due
Cause as described in Section 5.4, a change in control as described in Section
5.5 or constructive termination of employment by the Company as described in
Section 5.6.  The options shall be subject to and governed by the
terms and conditions of the terms of the 2001 Stock Option Plan and the option
award document.

     

    Beginning with fiscal year 2009 and
during the Term of employment hereunder, the Employee will be eligible to
participate in long term incentive programs of the Company now or hereafter made
available to senior executives, in accordance with the provisions thereof as in
effect from time to time, and as deemed appropriate by the Compensation
Committee to be applicable to this position.

     

    4.5           Business
Expense Reimbursements

     

    During the Term of employment
hereunder, the Employee will be entitled to receive reimbursement by the Company
for all reasonable out-of-pocket expenses incurred by him (in accordance with
the policies and procedures established by the Company for its senior
executives), in connection with his performing services
hereunder.  Reimbursements shall be made in accordance with Employer’s
normal expense reimbursement policies and procedures for its senior executives
(including timing), and such reimbursement will be made no later than the last
day of the Employee’s taxable year following the taxable year in which the
expense was incurred. The expenses paid by
Employer during any taxable year of the Employee will not affect the expenses
paid by Employer in another taxable year.  This right to reimbursement
is not subject to liquidation or exchange for another
benefit.  

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              5.

            	
              Consequences
      of Termination of Employment

            

    

     

    5.1           Death

     

    In the event of the death of the
Employee during the Term of employment hereunder, the estate or other legal
representatives of the Employee shall be entitled to continuation of the
Employee’s salary in effect under Section 4.1 as of his date of death for a
period of six months.  Payment will be made in substantially equal
installments on the first and fifteenth day of each calendar month or if such
date is not a business day, on the next following business day (each a “Pay
Date”) beginning with the first Pay Date after the date of the Employee’s death
and continuing until payments equal six months’ salary.

     

    5.2           Continuing
Disability

     

    Notwithstanding anything in this
Agreement to the contrary, the Company is hereby given the option to terminate
the Employee's employment in the event of the Employee's Continuing
Disability.  Such option shall be exercised by the Company by giving
notice to the Employee of the Company's intention to terminate his employment
due to Continuing Disability not earlier than 15 days from the receipt of such
notice.

     

    In the event of the termination of the
Employee's employment due to Continuing Disability, the Employee shall be
entitled to salary and bonus accrued and due through the period ending on the
date of his termination and any other rights and benefits he may have under the
employee benefit plans and programs of the Company, generally, will be
determined in accordance with the terms and provisions of such plans and
programs.

     

    For purposes hereof, "Continuing
Disability" shall mean the inability to perform the essential functions
connected with the Employee's duties hereunder, with or without reasonable
accommodation, which inability shall have existed or shall reasonably be
expected to exist for a period of 180 days, even though not consecutive, in any
24 month period.  In the event the Employee does not agree with the
Company that his inability may reasonably be expected to exist for such period,
the opinion of a qualified medical doctor selected by the Employee and
reasonably satisfactory to the Company shall be determinative.

     

    5.3           Termination
by the Company for Due Cause

     

    Nothing herein shall prevent the
Company from terminating the employment of the Employee for Due
Cause.  The Employee shall be entitled to salary and bonus accrued and
due through the period ending on the date of his termination, the bonus, if any,
earned but not paid for the fiscal year ending prior to his termination and any
other rights and benefits he may have under the employee benefit plans and
programs of the Company, generally, shall be determined in accordance with the
terms of such plans and programs.  The term "Due Cause", as used
herein, shall mean that (a) the Employee has committed a willful serious act,
such as embezzlement, against the Company intended to enrich himself at the
expense of the Company or has been convicted of a felony involving moral
turpitude; (b) the Employee has (i) willfully and grossly neglected his duties
hereunder or (ii) intentionally failed to observe specific lawful directives or
policies of the Board of Directors, which directives or policies were consistent
with his positions, duties and responsibilities hereunder, and which failure
had, or continuing failure will have, a material adverse effect on the Company;
(c) the Employee's undertaking to provide any chief executive officer
certification required under the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley
Act") without taking reasonable and appropriate steps to determine whether the
certification was accurate; or (d) the Employee's failure to fulfill any of his
duties under, or violation of any provision of, the Sarbanes-Oxley Act,
including, but not limited to, failure to establish and administer effectively
systems and controls necessary for compliance with the Sarbanes-Oxley
Act.  Prior to any such termination, the Employee shall be given
written notice by the Board of Directors that the Company intends to terminate
his employment for Due Cause under this Section 5.3, which written notice shall
specify the particular acts or omissions on the basis of which the Company
intends to so terminate the Employee's employment, and the Employee (with his
counsel, if he so chooses) shall be given the opportunity, within 15 days of his
receipt of such notice, to have a meeting with the Board of Directors to discuss
such acts or omissions and given reasonable time to remedy the situation, if it
is deemed by the Board of Directors, in their good faith business judgment, to
be remediable.  In the event of such termination, the Employee shall
be promptly furnished written specification of the basis therefore in reasonable
detail.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    5.4           Termination
by the Company other than for Due Cause

     

    The foregoing notwithstanding, the
Company may terminate the Employee's employment for whatever reason it deems
appropriate; provided, however, that in the event such termination is not based
on death or disability as provided in Sections 5.1 or 5.2, above, or on Due
Cause as provided in Section 5.3 above, or on either party’s election not to
renew the Term for an additional period pursuant to Section 2 above, the
Employee will be entitled to receive Severance Compensation (as defined below);
provided Employee executes a release in a form acceptable to the
Company.

     

    For purposes of the foregoing,
"Severance Compensation" shall consist of (a) salary continuation for a period
of 12 months from the date of such termination (the "Salary Continuation
Period"), at the rate in effect, pursuant to Section 4.1 above, immediately
prior to such termination, (b) an immediate lump sum payment equal to the
amount, if any, paid as an annual bonus in the year preceding the Employee’s
termination of employment.  and (c) Employee shall be entitled to
continue coverage under the Company’s hospitalization and medical plan (the
“Health Plan”) for himself and his eligible dependents who were covered under
the Health Plan at the time of his termination as required by Section 4980B of
the Internal Revenue Code of 1986, as amended (the “Code”), but during the
Salary Continuation Period, Employee shall be eligible to continue such coverage
at the same premium charged to active employees during such
period.  The salary continuation payments shall be made in
substantially equal installments on the first and fifteenth day of each calendar
month or if such date is not a business day, on the next following business day
(each a “Pay Date”) beginning with the first Pay Date after the date of the
Employee’s “separation from service” (within the meaning of section 409A of the
Internal Revenue Code of 1986, as amended, and the regulations, rulings and
other guidance issued thereunder (collectively, “Section 409A”). and ending when
twelve months’ salary has been paid to Employee.  The lump sum payment
shall be paid on the first Pay Date after the Employee’s separation from
service.

     

    Notwithstanding the foregoing, if the
Company reasonably determines that the amounts payable under this Section 5.4
are on account of an “involuntary separation from service” (as defined in
Treasury Regulation section 1.409A-1(n)), then the Company shall make the salary
continuation payments and the lump sum payment as called for to the extent that
the total amount of such payments in first 6 months after separation from
service does not exceed the “separation pay allowance” described
below.  To the extent that the payments called for in the first 6
months after separation from service exceed the separation pay allowance, such
excess amount shall be accumulated and distributed in a single sum on the first
business day that is 6 months and one day after the date of the Employee’s
separation from service (or if earlier, upon the date of death of the
Employee).  If Company reasonably determines that the amounts payable
under this Section 5.4 are not on account of an
“involuntary separation from service” (as defined in Treasury Regulation section
1.409A-1(n)), no amount shall be distributed to the Employee before the date
that is 6 months after the date of the Employee’s separation from service (or,
if earlier, the date of death of  the Employee) and any amounts that
would have been distributed during the 6 months after Executive’s separation
from service (or prior to death) will be accumulated and distributed in a single
sum on the first business day that is 6 months and one day after the date of the
Employee’s separation from service (or, if earlier, upon the date of death of
the Employee).  The “separation pay allowance” means an amount that is
two times the lesser of (x) Employee’s annualized compensation based on
Employee’s annual rate of pay for the calendar year preceding the calendar year
in which Employee’s separation from service occurs or (y) the compensation limit
in effect under Code section 401(a)(17) for the calendar year in which such
separation from service occurs.

     

    Except as specifically set forth in
this Section 5.4, the Employee shall not be entitled to any other compensation
or benefits following a termination of employment by the Company as provided in
this Section 5.4.

     

    5.5           Termination
Following Change of Control

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    If there is a "change of control"
(defined below) and within one year after such "change of control", the
Employee's employment is terminated by the Company (other than for Due Cause,
disability or non-renewal of the Term), or within three months after a “change
in control” Employee resigns for any reason (other than death), disability or
non renewal of the Term) the Employee will be entitled to receive Severance
Compensation as described in Section 5.4.

     

    "Change of control" shall have the same
meaning as in the 2001 Stock Option Plan, as amended from time to
time.  (A copy of the current definition is attached as Exhibit
A.)

     

    5.6           Constructive
Termination of Employment by the Company without Due Cause

     

    Anything herein to the contrary
notwithstanding, if the Company:

     

    (A)           demotes
or otherwise elects or appoints the Employee to a lesser office than set forth
in Section 3.1 or fails to elect or appoint him to such position;
or

     

    (B)           causes
a material change in the nature or scope of the authorities, powers, functions,
duties or responsibilities attached to the Employee's position as described in
Section 3.1; or

     

    (C)           materially
decreases the Employee's salary or annual bonus opportunity below the most
recent levels provided for by the terms of Sections 4.1 and 4.2; or

     

    (D)           materially
reduces the Employee's benefits under any employee benefit plan, program, or
arrangement of the Company (other than a change that affects all employees
similarly situated) from the level in effect upon the Employee's commencement of
participation; or

     

    (E)           commits
any other material breach of this Agreement, then such action (or inaction) by
the Company, unless consented to in writing by the Employee, shall constitute a
termination of the Employee's employment by the Company other than for Due Cause
pursuant to Section 5.4 above.  If, within thirty (30) days of
learning of the action (or inaction) described herein as a basis for a
constructive termination of employment, the Employee (unless he has given
written consent thereto) notifies the Company in writing that he wishes to
effect a constructive termination of his employment pursuant to this Section
5.6, and such action (or inaction) is not reversed or otherwise remedied by the
Company within 30 days following receipt by the Company of such written notice,
then effective at the end of such second 30 day period, the employment of the
Employee hereunder shall be deemed to have terminated pursuant to Section 5.4
above.

     

    5.7           Voluntary
Termination by the Employee

     

    In the event the Employee terminates
his employment of his own volition (other than as provided in Section 5.5
above), or the Term of employment terminates due to an election by either party
not to renew the Term pursuant to Section 2 above, such termination shall
constitute a voluntary termination and in such event the Employee shall be
limited to the same rights and benefits as provided in connection with
termination for Due Cause under the second sentence of Section 5.3
above.  For the purposes hereof, a decision by the Employee to
voluntarily retire shall constitute a voluntary termination.

     

    5.8           Other
Resignations

     

    In the event the Employee's employment
with the Company is terminated (either by the Company or by the Employee), the
Employee acknowledges and agrees that he will resign from any and all other
positions that the Employee then holds as an employee, officer or director of
(a) the Company and (b) the Company's subsidiaries and affiliates.

     

    5.9           Payment
Date

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    The Company may choose to make salary
continuation payments called for under this Agreement on its regular payroll
closest to the Pay Date called for under this Agreement; provided that payment
on such regular payroll date is in compliance with Section 409.

    

    6.           Protective
Agreement

    

    Concurrently with entering into this
Agreement, the Employee will enter into a Protective Agreement in favor of the
Company substantially in the form attached as Exhibit B hereto (the "Protective
Agreement").

     

    
      	
               
      

            	
              6.

            	
              Successors
      and Assigns

            

    

     

    7.1           Assignment
by the Company

     

    This Agreement shall be binding upon
and inure to the benefit of the Company or any corporation or other entity to
which the Company may transfer all or substantially all its assets and business
and to which the Company may assign this Agreement, in which case "Company" as
used herein shall mean such corporation or other entity.

     

    7.2           Assignment
by the Employee

     

    The Employee may not assign this
Agreement or any part thereof without the prior written consent of the Company,
which consent may be withheld by the Company for any reason it deems
appropriate.

     

    
      	
               
      

            	
              7.

            	
              Arbitration

            

    

     

    Except as
provided below, any disputes or claims of any kind or nature, including as to
arbitrability under this Agreement, between the Employee and the Company arising
out of, related to, or in connection with any aspect of the Employee’s
employment with the Company or its termination, including all claims arising out
of this Agreement and claims for alleged discrimination, harassment, or
retaliation in violation of Title VII of the Civil Rights Act of 1964, the Civil
Rights Act of 1991, 42 U.S.C. § 1981, the Age Discrimination in Employment
Act of 1967, the Americans with Disabilities Act of 1990, the Family and Medical
Leave Act of 1993, the Fair Labor Standards Act, the Employee Retirement Income
Security Act of 1974, or any other federal, state, or local law, shall be
settled by final and binding arbitration in  Fulton County,
Georgia.  Either party may file a written demand for arbitration with
the American Arbitration Association pursuant to its National Rules for the
Resolution of Employment Disputes.  The arbitration shall be conducted
by a single neutral arbitrator who is a member of the Bar of the State of
Georgia, has been actively engaged in the practice of law for at least fifteen
(15) years, and has substantial experience in connection with business
transactions and interpretation of contracts.  In considering the
relevancy, materiality, discoverability, and admissibility of evidence, the
arbitrator shall take into account, among other things, applicable principles of
legal privilege, including the attorney-client privilege, the work product
doctrine, and appropriate protection of the Company’s Trade Secrets and
Confidential Information.  Upon the request of either party, the
arbitrator’s award shall be written and include findings of fact and conclusions
of law.  Judgment on the award rendered by the arbitrator may be
entered by any court having jurisdiction.  Any arbitration of any
claim by the Employee may not be joined or consolidated with any other
arbitration(s) by or against the Company, including through class
arbitration.  The prevailing party in any such arbitration, or in any
action to enforce this Section or any arbitration award hereunder, shall be
entitled to recover that party’s attendant attorneys’ fees and related expenses
from the other party to the maximum extent permitted by law.  The
Company shall be responsible for payment of all mediation and arbitration filing
and administrative fees, and all fees and expenses of the mediator or
arbitrators, irrespective of the outcome, as to any federal statutory claims by
the Employee or as may otherwise be required by law for this Agreement to be
enforceable.  Notwithstanding any other provision of this Agreement,
the Company may seek temporary, preliminary, or permanent injunctive relief
against the Employee at any time without resort to arbitration.  The
parties agree that this Agreement involves interstate commerce and that this
arbitration provision is therefore subject to and governed by the Federal
Arbitration Act.  The parties confirm their agreement by initialing
below:

     

    _KLS________   __DM_____

    Company                   Employee

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              8.

            	
              Governing
      Law

            

    

     

    This Agreement shall be deemed a
contract made under, and for all purposes shall be construed in accordance with,
the laws of the State of Georgia (without reference to the principles of
conflicts of law).

     

    
      	
               
      

            	
              9.

            	
              Entire
      Agreement

            

    

     

    This Agreement, including the
Protective Agreement, contains all the understandings and representations
between the parties hereto pertaining to the subject matter hereof and
supersedes all undertakings and agreements, whether oral or in writing, if any
there be, previously entered into by them with respect thereto.

     

    
    

    
      
        	
              	
                10.

              	
                Amendment
      or Modification; Waiver

              

      

       

      No provision in this Agreement may be
amended or waived unless such amendment or waiver is agreed to in writing,
signed by the Employee and an officer of the Company thereunto duly
authorized.  Except as otherwise specifically provided in this
Agreement, no waiver by any party hereto of any breach by another party hereto
of any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of a similar or dissimilar provision or condition
at the same or any prior or subsequent time.

       

      
        	       	
                11.

              	
                Notices

              

      

       

      Any notice to be given hereunder shall
be in writing and delivered personally or sent by certified mail, postage
prepaid, return receipt requested, addressed to the party concerned at the
address indicated below or to such other address as such party may subsequently
give notice of hereunder in writing:

       

      COMPANY:          Concurrent
Computer Corporation

      4375 River Green Parkway

      Duluth, GA 30096

      Attn: Chairman, Board of
Directors

      

      With a copy to:

      King & Spalding LLP

      1180 Peachtree Street

      Atlanta, GA 30309

      Attn: Jack Capers

      

      EMPLOYEE:          Dan
Mondor

      3650 Newport Bay Drive

      Alpharetta, GA 30005

       

      
        	
              	
                12.

              	
                Severability

              

      

       

      In the event that any provision or
portion of this Agreement shall be determined to be invalid or unenforceable for
any reason, the remaining provisions or portions of this Agreement shall be
unaffected thereby and shall remain in full force and effect to the fullest
extent permitted by law.

       

      
        	
              	
                13.

              	
                Withholding

              

      

       

      Anything to the contrary
notwithstanding, all payments required to be made by the Company hereunder to
the Employee or his estate or beneficiaries, shall be subject to withholding of
such amounts relating to taxes as the Company may reasonably determine it should
withhold pursuant to any applicable law or regulation.  In lieu of
withholding such amounts, in whole or in part, the Company may, in its sole
discretion, accept other provision for payment of taxes as required by law,
provided it is satisfied that all requirements of law affecting its
responsibilities to withhold such taxes have been satisfied.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      
        	
              	
                14.

              	
                Survivorship

              

      

       

      The respective rights and obligations
of the parties hereunder shall survive any termination of this Agreement to the
extent necessary to the intended preservation of such rights and
obligations.

       

      
        	
              	
                15.

              	
                References

              

      

       

      References in this Agreement to the
Employee shall be deemed, where appropriate, to refer to his legal
representatives.

       

      
        	       	
                16.

              	
                Titles

              

      

       

      Titles to the sections in this
Agreement are intended solely for convenience and no provision of this Agreement
is to be construed by reference to the title of any section.

       

      
        	
              	
                17.

              	
                Counterparts

              

      

       

      This Agreement may be executed in
several counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument.

       

    

    [SIGNATURE
PAGE TO FOLLOW]

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

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

     

    
      	 
      	
              CONCURRENT
      COMPUTER CORPORATION

            
	 
      	
              By:

            	
              /s/ Kirk L. Somers

            
	 
      	
              Kirk
      L. Somers

            
	 
      	
              Executive
      Vice President and General Counsel

            
	 
      	 
      	 
      
	 
      	
              EMPLOYEE

            
	 
      	
               /s/ Dan Mondor

            
	 
      	
              Dan
      Mondor

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    Exhibit
A

    

    DEFINITION
OF CHANGE IN CONTROL FROM

    CONCURRENT
COMPUTER CORPORATION SECOND AMENDED AND RESTATED 2001 STOCK OPTION
PLAN

    (As in
Effect April 8, 2008)

    

    NOTE:  The
following definition is included for informational purposes only and will change
if, and to the extent that, the Concurrent Computer Corporation Second Amended
and Restated 2001 Stock Option Plan (“2001 Stock Option Plan”) is
amended.  All capitalized terms in this Exhibit A are defined in the
2001 Stock Option Plan.

    

    “Change
of Control” means the occurrence of any of the following events:

    

    
      	
               
      

            	
              (a)

            	
              the
      acquisition, directly or indirectly, by any “person” or “group” (as those
      terms are defined in Sections 3(a)(9), 13(d), and 14(d) of the Exchange
      Act and the rules thereunder, including, without limitation, Rule
      13d-5(b)) of “beneficial ownership” (as determined pursuant to Rule 13d-3
      under the Exchange Act) of securities entitled to vote generally in the
      election of directors (“voting securities”) of the Company that represent
      35% or more of the combined voting power of the Company’s then outstanding
      voting securities, other than

            

    

     

    
      	
               
      

            	
              (i)

            	
              an
      acquisition by a trustee or other fiduciary holding securities under any
      employee benefit plan (or related trust) sponsored or maintained by the
      Company or any person controlled by the Company or by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      person controlled by the Company,
or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              an
      acquisition of voting securities by the Company or a corporation owned,
      directly or indirectly, by the stockholders of the Company in
      substantially the same proportions as their ownership of the stock of the
      Company, or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              an
      acquisition of voting securities pursuant to a transaction described in
      clause (c) below that would not be a Change of Control under clause
      (c);

            

    

     

    
      	
               
      

            	
              (b)

            	
              a
      change in the composition of the Board that causes less than a majority of
      the directors of the Company to be directors that meet one or more of the
      following descriptions:

            

    

     

    
      	
               
      

            	
              (i)

            	
              a
      director who has been a director of the Company for a continuous period of
      at least 24 months, or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              a
      director whose election or nomination as director was approved by a vote
      of at least two-thirds of the then directors described in clauses (b)(i),
      (ii), or (iii) by prior nomination or election, but excluding, for the
      purpose of this subclause (ii), any director whose initial assumption of
      office occurred as a result of an actual or threatened (y) election
      contest with respect to the election or removal of directors or other
      actual or threatened solicitation of proxies or consents by or on behalf
      of a person or group other than the Board or (z) tender offer, merger,
      sale of substantially all of the Company’s assets, consolidation,
      reorganization, or business combination that would be a Change of Control
      under clause (c) on consummation thereof,
or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              who
      were serving on the Board as a result of the consummation of a transaction
      described in clause (c) that would not be a Change of Control under clause
      (c);

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      consummation by the Company (whether directly involving the Company or
      indirectly involving the Company through one or more intermediaries) of
      (x) a merger, consolidation, reorganization, or business combination or
      (y) a sale or other disposition of all or substantially all of the
      Company’s assets or (z) the acquisition of assets or stock of another
      entity, in each case, other than in a
  transaction

            

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (i)

            	
              that
      results in the Company’s voting securities outstanding immediately before
      the transaction continuing to represent (either by remaining outstanding
      or by being converted into voting securities of the Company or the person
      that, as a result of the transaction, controls, directly or indirectly,
      the Company or owns, directly or indirectly, all or substantially all of
      the Company’s assets or otherwise succeeds to the business of the Company
      (the Company or such person, the “Successor Entity”)) directly or
      indirectly, at least 50% of the combined voting power of the Successor
      Entity’s outstanding voting securities immediately after the transaction,
      and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              after
      which more than 50% of the members of the board of directors of the
      Successor Entity were members of the Board at the time of the Board’s
      approval of the agreement providing for the transaction or other action of
      the Board approving the transaction (or whose election or nomination was
      approved by a vote of at least two-thirds of the members who were members
      of the Board at that time), and

            

    

     

    
      	
               
      

            	
              (iii)

            	
              after
      which no person or group beneficially owns voting securities representing
      35% or more of the combined voting power of the Successor Entity, unless
      the Board determines in its discretion that beneficial ownership by a
      person or group of voting securities representing 35% or more of the
      combined voting power of the Successor Entity shall not be deemed a Change
      of Control; or

            

    

     

    
      	
               
      

            	
              (d)

            	
              a
      liquidation or dissolution of the
Company.

            

    

     

    For
purposes of clarification, an acquisition of Company securities by the Company
that causes the Company’s voting securities beneficially owned by a person or
group to represent 35% or more of the combined voting power of the Company’s
then outstanding voting securities is not to be treated as an “acquisition” by
any person or group for purposes of clause (a) above. For purposes of clause (a)
above, the Company makes the calculation of voting power as if the date of the
acquisition were a record date for a vote of the Company’s shareholders, and for
purposes of clause (c) above, the Company makes the calculation of voting power
as if the date of the consummation of the transaction were a record date for a
vote of the Company’s shareholders.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Exhibit
B

     

    PROTECTIVE
AGREEMENT

     

    I, the undersigned, in consideration of
and as a condition to my employment by Concurrent Computer Corporation (the
"Company"), do hereby agree with the Company as follows:

     

    1.           Noncompete
and Nonsolicitation of Customers or Employees.  During my employment
by the Company, I will devote my full time and best efforts to the business of
the Company and I will not, directly or indirectly, alone or as a partner,
officer, director, employee or holder of more than 5% of the common stock of any
other organization, engage in any business activity which competes directly or
indirectly with the products or services being developed, manufactured or sold
by the Company.  I also agree that, following any termination of such
employment, I will not, directly or indirectly, for any period in which I
receive severance payments from the Company, plus one (1) year, (a) engage in or
provide any services substantially similar to the services that I provided to
the Company at any time during the last twelve (12) months of my employment to
or on behalf of any person or entity that competes with the Company in the "real
time" or "video-on-demand" businesses anywhere in the continental United States,
which I acknowledge and agree is the primary geographic area in which the
Company competes in these businesses and thus, by virtue of my senior executive
position and responsibilities with the Company, also the primary geographic area
of my employment with the Company, (b) solicit or attempt to solicit, for the
purpose of competing with the Company in its "real time" or "video-on-demand"
businesses, any customers or active prospects of the Company with which I had
any material business contact for or on behalf of the Company at any time during
the last twelve (12) months of my employment, or (c) recruit or otherwise seek
to induce any employees of the Company to terminate their employment or violate
any agreement with the Company.

     

    2.           
Trade Secrets and Other Confidential Information.  Except as may be
required in the performance of my duties with the Company, or as may be required
by law, I will not, whether during or after termination of my employment with
the Company, reveal to any person or entity or use any of the trade secrets of
the Company for as long as they remain trade secrets.  I also agree to
these same restrictions, during my employment with the Company and for a period
of three (3) years thereafter, with respect to all other confidential
information of the Company, including its technical, financial and business
information, unless such confidential information becomes publicly available
through no fault of mine or unless it is disclosed by the Company to third
parties without similar restrictions.

     

    Further, I agree that any and all
documents, disks, databases, notes, or memoranda prepared by me or others and
containing trade secrets or confidential information of the Company shall be and
remain the sole and exclusive property of the Company, and that upon termination
of my employment or prior request of the Company I will immediately deliver all
of such documents, disks, databases, notes or memoranda, including all copies,
to the Company at its main office.

     

    Further, I agree that all Company
property, such as, but not limited to cell phone(s), personal computer,
software, PDAs, etc., shall be and remain the sole and exclusive property of the
Company, and that upon termination of my employment or prior request of the
Company I will immediately return all such property, to the
Company.

     

    3.           
Inventions and Copyrights.  If at any time or times during my
employment (or within six (6) months thereafter if based on trade secrets or
confidential information within the meaning of Paragraph 2 above), I make or
discover, either alone or with others, any invention, modification, development,
improvement, process or secret, whether or not patented or patentable
(collectively, "inventions") in the field of computer science or
instrumentation, I will disclose in reasonable detail the nature of such
invention to the Company in writing, and if it relates to the business of the
Company or any of the products or services being developed, manufactured or sold
by the Company, such invention and the benefits thereof shall immediately become
the sole and absolute property of the Company provided the Company notifies me
in reasonable detail within ninety (90) days after receipt of my disclosure of
such invention that it believes such invention relates to the business of the
Company or any of the products or services being developed, manufactured or sold
by the Company.  I also agree to transfer such inventions and benefits
and rights resulting from such inventions to the Company without compensation
and will communicate without cost, delay or prior publications all available
information relating to the inventions to the Company.  At the
Company's expense I will also, whether before or after termination of my
employment, sign all documents (including patent applications) and do all acts
and things that the Company may deem necessary or desirable to effect the full
assignment to the Company of my right and title to the inventions or necessary
to defend any opposition thereto.  I also agree to assign to the
Company all copyrights and reproduction rights to any materials prepared by me
in connection with my employment.

     

    4.           
Conflicting Agreements.  I represent that I have attached to this
Agreement a copy of any written agreement, or a summary of any oral agreement,
which presently affects my ability to comply with the terms of this Agreement,
and that to the best of my knowledge my employment with the Company will not
conflict with any agreement to which I am subject.  I have returned
all documents and materials belonging to any of my former
employers.  I will not disclose to the Company or induce any of the
Company's employees to use trade secrets or confidential information of any of
my former employers.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    5.           
Miscellaneous.

     

    (a)           I
hereby give the Company permission to use photographs of me, during my
employment, with or without using my name, for any reasonable business purposes
the Company deems necessary or desirable.

     

    (b)           The
Company shall have, in addition to any and all remedies of law, the right to an
injunction, specific performance and other equitable relief as may be
appropriate to prevent the violation of my obligations hereunder.

     

    (c)           I
understand that this Agreement does not create an obligation on the Company or
any other person to continue my employment for any period of time.

     

    (d)           This
Agreement shall be construed in accordance with the laws of the State of
Georgia.  I agree that each provision of this Agreement shall be
treated as a separate and independent clause, and the unenforceability of any
clause shall in no way impair the enforceability of any of the other clauses.
Moreover, if one or more of the provisions contained in this Agreement shall for
any reason be held to be extensively broad as to scope, activity, time,
geographical area or subject so as to be unenforceable at law, such provision or
provisions shall be construed by the appropriate judicial body by limiting and
reducing it or them so as to be enforceable to the maximum extent compatible
with applicable law as it shall then appear.

     

    (e)           My
obligations under this Agreement shall survive the termination of my employment
regardless of the manner of such termination for the time periods set forth in
this Agreement, and shall be binding upon my heirs, executors and
administrators.

     

    (f)           The
term "Company" as used in this Agreement includes Concurrent Computer
Corporation and any of its subdivisions or affiliates.  The Company
shall have the right to assign this Agreement to its successors and
assigns.

     

    (g)           The
foregoing is the entire agreement between the Company and me with regard to its
subject matter, and may not be amended or supplemented except by a written
instrument signed by both the Company and me.  The section headings
are inserted for convenience only, and are not intended to affect the meaning of
this Agreement.

     

     

    
      	 
      	
              /s/ Dan Mondor

            
	 
      	
              Dan
      Mondorex10_30.htm

    

      
        

      

    

    EXHIBIT
10.30

    

    

    EMPLOYMENT
AGREEMENT

    

    BETWEEN

    

    BIG
LOTS

    

    AND

    

    ROBERT
S. SEGAL

    

    This
employment agreement (“Agreement”) by and between Big Lots Stores, Inc. and its
parent, affiliates, predecessor, successor, subsidiaries and other related
companies (the “Company”) and Robert S. Segal (the “Executive”),
collectively, the “Parties,” is effective as of the date signed (“Effective
Date”) and supersedes and replaces any other oral or written employment-related
agreement between the Executive and the Company.

    

    1.00     Duration

    

    This
Agreement will remain in effect from the Effective Date until it terminates as
provided in Section 5.00.  Any notice of termination required to be
given under this Agreement must be given as provided in Section 6.00 and will be
effective on the date prescribed in Section 5.00.

    

    2.00     Executive’s
Employment Function

    

    2.01           Position.  The
Executive agrees to serve as the Company’s Vice President, Divisional
Merchandise Manager (or other appropriate title as designated by the Company in
its sole discretion) with the authority and duties customarily associated with
this position.  The Executive agrees at all times to observe and be
bound by all Company rules, policies, practices, procedures and resolutions
which apply to Company employees and which do not conflict with the specific
terms of this Agreement.

    

    2.02           Place of
Performance.  The Executive’s duties will principally be
performed in Columbus, Ohio, except for required travel on the Company’s
business, unless the Company requires the Executive to perform duties at another
location.

    

    3.00     Compensation

    

    The
Company will pay the Executive the amounts described in this Section 3.00
as compensation for the services described in this Agreement and in exchange for
the duties and responsibilities described in Section 4.00.  In
addition, on the first day of employment, the Executive will receive a grant of
an option to acquire 30,000 shares of Big Lots, Inc. common stock in accordance
the terms and conditions of the Big Lots, Inc. 1996 Performance Incentive
Plan.

    

    3.01           Base Salary.  The
Company will pay to the Executive an annualized base salary of $300,000, which
may be adjusted at the Company’s discretion (“Base Salary”).  The
Executive’s Base Salary will be paid in installments that correspond with the
Company’s normal payroll practices.  The Base Salary may be adjusted
from time to time in a manner that is consistent with the Company’s compensation
policies in effect for executives in the same or similar job classification at
the discretion of the Company, but will not be adjusted to any amount lower than
$300,000.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.02           Bonus.  The
Executive shall be eligible to receive bonus compensation (“Bonus”), for the
fiscal year beginning January 30, 2005, and for each subsequent fiscal year of
employment completed during the term of this Agreement.  The
Executive’s bonus shall be an amount equal to the Base Salary at the end of such
fiscal year multiplied by the Bonus Payout percentage as determined by the Bonus
Program set each fiscal year by the compensation committee of Big Lots, Inc.’s
Board of Directors.  The Bonus Program is based upon the achievement
of the Company’s annual financial plan.  The target bonus for the
Executive is 40% of Base Salary and the Stretch Bonus for the Executive is 80%
of Base Salary, both of which are defined in the Bonus Program and are subject
to adjustment by Big Lots, Inc.’s Board of Directors; provided, however, the
Executive’s target bonus shall never fall below 40% of Base Salary and the
Executive’s Stretch Bonus shall never fall below 80% of Base
Salary.

    

    [1]           Payment.  Any
bonuses described herein will be paid at a time consistent with payment of
bonuses to Executives in the same or similar job classifications.

    

    [2]           Continuous
Employment.  In order to receive any bonus as provided herein,
Executive must remain continuously employed by the Company pursuant to the terms
and conditions of this Agreement.

    

    [3]           Fiscal Year.  The
term “fiscal year” shall mean the period commencing on the Sunday next following
the Saturday closest to January 31st in a
calendar year and ending the next following calendar year on the Saturday
closest to January 31st.

    

    3.03           Bonus Upon Commencement of
Employment.  Within 30 days after the Executive’s commencement
of employment under this Agreement, the Company will pay to the Executive a
one-time sign on bonus of $100,000.

    

    3.04           Benefit
Plans.  Subject to their terms, the Executive may participate
in any Company-sponsored employee pension or welfare benefit plan at a level
commensurate with the Executive’s title and position.

    

    3.05           Vacation and Sick
Leave.  The Executive shall be entitled to such periods of
vacation and sick leave each year as provided under the Company’s vacation and
sick leave policy at a level commensurate with the Executive’s title and
position.

    

    3.06           Expenses.  The
Executive is entitled to receive reimbursement for all normal and reasonable
expenses incurred while performing services under this Agreement, including
reasonable travel expenses.  Reimbursement for these expenses will be
made as soon as administratively feasible after the date the Executive submits
appropriate evidence of the expenditure and otherwise complies with the
Company’s business expense reimbursement policies.

    

    3.07           Automobile
Allowance.  The Company will provide the Executive with an
automobile or a monthly automobile allowance in accordance with applicable
Company policies for executives of the same or similar title and
position.

    

    
      	 
      	
              2

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.08           Termination
Benefits.  The Company will provide the Executive with only
those termination benefits described in Section 5.00.

    

    4.00     Executive’s
Obligations

    

    The
amounts described in Sections 3.00 and 5.00 of this Agreement are provided by
the Company in exchange for (and have a value to the Company equivalent to) the
Executive’s performance of the obligations described in this Agreement,
including performance of the duties and the covenants made and entered into by
and between the Executive and the Company in this Agreement.

    

    4.01           Scope of
Duties.  The Executive will:

    

    [1]           Devote
all available business time, best efforts and undivided attention to the
Company’s business and affairs; and

    

    [2]           Not
engage in any other business activity, whether for gain, profit or other
pecuniary benefit.

    

    [3]           However,
the restriction described in Subsections 4.01[1] and [2] will not preclude
the Executive from:

    

    [a]           Making
or holding passive investments in outstanding shares in the securities of
publicly-owned companies or other businesses (other than organizations described
in Section 4.05), regardless of when and how that investment was made;
or

    

    [b]           Serving
on corporate, civic, religious, educational and/or charitable boards or
committees but only if this activity [i] does not interfere
with the performance of duties under this Agreement and [ii] is approved in
writing by the Company.

    

    4.02           Confidential
Information.

    

    [1]           Obligation to Protect Confidential
Information.  The Executive acknowledges that the Company, its
parent, affiliates, predecessor, successor, subsidiaries and other related
companies (collectively, “Group” and separately, “Group Member”) have a
legitimate and continuing proprietary interest in the protection of Confidential
Information (as defined in Subsection 4.02[2]) and have invested, and will
continue to invest, substantial sums of money to develop, maintain and protect
Confidential Information.  The Executive agrees [a] during and after
employment with the Company and as to all Group Members [i] that any Confidential
Information will be held in confidence and treated as proprietary to the Group,
[ii] not to use or
disclose any Confidential Information except to promote and advance the Group’s
business interests and [b] immediately upon
termination for any reason from employment with the Company, to return to the
Company any Confidential Information.

    

    
      	 
      	
              3

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [2]           Definition of Confidential
Information.  For purposes of this Agreement, Confidential
Information includes any confidential data, figures, projections, estimates,
pricing data, customer lists, buying manuals or procedures, distribution manuals
or procedures, other policy and procedure manuals or handbooks, supplier
information, tax records, personnel histories and records, information regarding
sales, information regarding properties and any other Confidential Information
regarding the business, operations, properties or personnel of the Company or
the Group (or any Group Member) which are disclosed to or learned by the
Executive as a result of employment with the Company, but will not include [a] the Executive’s
personal personnel records or [b] any information that
[i] the Executive
possessed before the date of initial employment (including periods before the
Effective Date) with the Company that was a matter of public knowledge, [ii] became or becomes a
matter of public knowledge through sources independent of the Executive, [iii] has been or is
disclosed by any Group Member without restriction on its use or [iv] has been or is
required to be disclosed by law or governmental order or
regulation.  The Executive also agrees that, if there is any
reasonable doubt whether an item is public knowledge, to not regard the item as
public knowledge until and unless the Company’s General Counsel confirms to the
Executive that the information is public knowledge or an arbitrator, acting
under Section 9.00, finally decides that the information is public
knowledge.

    

    [3]           Intellectual
Property.  The Executive expressly acknowledges that all right,
title and interest to all inventions, designs, discoveries, works of authorship,
and ideas conceived, produced, created, discovered, authored, or reduced to
practice during the Executive’s performance of services under this Agreement,
whether individually or jointly with the Company or any Group Member (the
“Intellectual Property”) shall be owned solely by the Company or the Group, and
shall be subject to the restrictions set forth in Subsection 4.02[1]
above.  All Intellectual Property which constitutes copyrightable
subject matter under the copyright laws of the United States shall, from the
inception of creation, be deemed to be a “work made for hire” under the United
States copyright laws and all right, title and interest in and to such
copyrightable works shall vest in the Company or the Group.  All
right, title and interest in and to all Intellectual Property developed or
produced under this Agreement by the Executive, whether constituting patentable
subject matter or copyrightable subject matter (to the extent deemed not to be a
“work made for hire”) or otherwise, shall be assigned and is hereby irrevocably
assigned to the Company or the Group by the Executive.  The Executive
shall, without any additional consideration, execute all documents and take all
other actions needed to convey the Executive’s complete ownership interest in
any Intellectual Property to the Company or the Group or the Executive is
directed so that the Company or the Group may own and protect such Intellectual
Property and obtain patent, copyright and trademark registrations for
it.  The Executive agrees that any Group Member may alter or modify
the Intellectual Property at the Group Member’s sole discretion, and the
Executive waives all right to claim or disclaim authorship.

    

    4.03           Solicitation of
Employees.  The Executive agrees that during employment, or for
two years after terminating employment with the Company [1] not, directly or
indirectly, to solicit any employee of the Company or of any Group Member to
leave employment with the Group, [2] not, directly or
indirectly, to employ or seek to employ any employee of the Company or any Group
Member and [3] not
to cause or induce any of the Company’s or the Group’s (or Group Member’s)
competitors to solicit or employ any employee of the Company or any Group
Member.

    

    

    
      	 
      	
              4

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.04           Solicitation of Third
Parties.  The Executive agrees that during employment, and for
two years after terminating employment with the Company not, directly or
indirectly, to recruit, solicit or otherwise induce or influence any customer,
supplier, sales representative, lender, lessor, lessee or any other person
having a business relationship with the Company or the Group (or any Group
Member) to discontinue or reduce the extent of that relationship except in the
course of discharging the duties described in this Agreement and with the good
faith objective of advancing the Company’s or the Group’s (or any Group
Member’s) business interests.

    

    4.05           Non-Competition.  The
Executive acknowledges that the principal business of the Company includes the
operation of its Big Lots retail outlets, the inventories of which are acquired
primarily through special purchases such as overstocks, close-outs,
liquidations, bankruptcies, wholesale distribution of overstock, distress,
liquidation and other volume inventories, the operation of its Big Lots
Furniture stores, and its wholesale operations all of which comprise the
Company’s business (the “Company Business”); that Company is one of the limited
number of entities which has developed such business; that the Company Business
is national in scope and the Executive’s work for the Company will give him
access to the confidential affairs of the Company and the Group as defined in
Subsection 4.02[2]; and the agreements and covenants of the Executive contained
in Section 4.00 are essential to the business and the good will of the
Company.  Accordingly, the Executive covenants and agrees
that:

    

    [1]           During
the term of the Executive’s employment with the Company and for a period of one
year (the “Restricted Period”) following the termination of his employment in
any manner, the Executive shall not in any location where the Company’s retail
stores are located throughout the United States [a] engage in the Company
Business for the Executive’s own account, [b] render any services
to any person engaged in the Company Business (other than to the Company); or
[c] become employed
in any manner by, or consult with, Wal-Mart, Sam’s Club, Kmart, Target, Dollar
General, Family Dollar, Dollar Tree, Value City/Schottenstein Stores
Corporation, Fred’s, 99¢ Stores, Canned Foods, Tuesday Morning, TJX Corporation,
Rooms To Go, Office Depot, Costco, Staples, American Signature, Ashley
Furniture, HomeStores, Art Van, Office Max, Value City Furniture or Nationwide
Furniture Warehouse, or any grocery or furniture store chain regardless of
size.  Further, the Executive agrees to not become employed in any
manner or to act as consultant to any parent or subsidiary of the above-listed
entities.  In the event of a change of control as defined in
Subsection 5.07[2] of this Agreement, the restricted period shall be for a
period of six (6) months.

    

    [2]           Acknowledgement.  The
Executive acknowledges that the non-competition agreement is reasonable in light
of the nature of the Company Business; that the Company has legitimate business
reasons for requiring the Executive’s agreement to all provisions of Section
4.00; and that he understands the restrictions, has had an opportunity to fully
discuss these restrictions with the Company and accepts the
restrictions.

    

    
      	 
      	
              5

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [3]           Maximum Enforceable
Restriction.  In the event that any or all of the covenants set
forth in this Section 4.05 are determined by a court of competent jurisdiction
to be unenforceable by reason of the temporal restrictions being too great, the
geographic areas covered too great, the range of activities too great or for any
other reason, then the Court is authorized and shall interpret them to extend
over the maximum period of time, the maximum geographic area and the maximum
range of activities or, as to any provision, in such a manner that all
provisions may be given maximum restrictive effect in accordance with applicable
law.

    

    [4]           Tolling.  The
Executive agrees that if any of the obligations to the Company under this
Subsection 4.05 are breached, then the restricted period shall be extended
for the length of time that the Executive failed to fulfill his obligations
under Subsection 4.05.

    

    4.06           Post-Termination
Cooperation.  As is required of the Executive during
employment, the Executive agrees that during and after employment with the
Company and without additional compensation (other than reimbursement for
reasonable associated expenses), to cooperate with the Company in the following
areas:

    

    [1]           Cooperation With the
Company.  The Executive agrees [a] to be reasonably
available to answer questions for the Company’s officers regarding any matter,
project, initiative or effort for which the Executive was responsible while
employed by the Company and [b] to cooperate with the
Company or any Group Member during the course of all third-party proceedings
arising out of the Company Business about which the Executive has knowledge or
information.  For purposes of this Agreement, [c] ”proceedings”
includes internal investigations, administrative investigations or proceedings
and lawsuits (including pre-trial discovery and trial testimony) and [d] ”cooperation”
includes [i] the
Executive’s being reasonably available for interviews, meetings, depositions,
hearings and/or trials without the need for subpoena or assurances by the
Company or any Group Member; [ii] providing any and
all documents in the Executive’s possession that relate to the proceeding; and
[iii] providing
assistance in locating any and all relevant notes and/or documents.

    

    [2]           Cooperation With Third
Parties.  Unless compelled to do so by lawfully-served subpoena
or court order, the Executive agrees not to communicate with, or give statements
or testimony to, any opposing attorney, opposing attorney’s representative
(including private investigator) or current or former employee relating to any
matter (including pending or threatened lawsuits or administrative
investigations) about which the Executive has knowledge or information (other
than knowledge or information that is not Confidential Information as defined in
Subsection 4.02[2]) except in cooperation with the Company and Group
Members.  The Executive also agrees to notify the Company’s General
Counsel immediately after being contacted by a third party or receiving a
subpoena or court order to appear and testify with respect to any matter
affected by this section.

    

    
      	 
      	
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    [3]           Cooperation With
Media.  The Executive agrees not to communicate with, or give
statements to, any member of the media (including print, television or radio
media) relating to any matter (including pending or threatened lawsuits or
administrative investigations) about which the Executive has knowledge or
information (other than knowledge or information that is not Confidential
Information as defined in Subsection 4.02[2]) except in cooperation with
the Company or any Group Member.  The Executive also agrees to notify
the Company’s General Counsel immediately after being contacted by any member of
the media with respect to any matter affected by this section.

    

    4.07           Non-Disparagement.  The
Executive and the Company agree that neither will make any disparaging remarks
about the other and the Executive will not make any disparaging remarks about
the Company, the Company’s Chairman, Chief Executive Officer or any of the
Company’s executives or any Group Member or their
executives.  However, this section will not preclude [1] any remarks that may
be made by the Executive under the terms of Subsection 4.06[2] or that are
required to discharge the duties described in this Agreement or [2] the Company or Group
Members from making (or eliciting from any person) disparaging remarks about the
Executive concerning any conduct that may lead to a termination for Cause, as
defined in Subsection 5.04[3] (including initiating an inquiry or
investigation that may result in a termination for Cause).

    

    4.08           Notice of Subsequent
Employment.  The Executive agrees to notify the Company of any
subsequent employment during the Restricted Period after employment
terminates.

    

    4.09           Remedies.  The
Executive agrees that any breach of any of the terms of this Section 4.00 would
result in irreparable injury and damage to the Company for which the Company
would have no adequate remedy at law; the Executive therefore also agrees that
in the event of a breach or any threat of breach, the Company shall be entitled
to an immediate injunction and restraining order to prevent such breach and/or
threatened breach and/or continued breach by the Executive and/or any and all
persons and/or entities acting for and/or with the Executive, without having to
prove damages.  The Executive agrees that no bond shall be required of
the Company and further agrees not to defend any action seeking injunctive or
other equitable relief on the basis that the Company has an adequate remedy at
law in money damages or otherwise.  The terms of this Section 4.09
shall not prevent the Company from pursuing any other available remedies for any
breach or threatened breach hereof including, but not limited to, the recovery
of damages from the Executive or specific performance.  In addition to
any other available remedies, the Company may require the Executive to account
for and pay over to the Company all compensation, profits, accruals, increments
or other benefits derived or received by the Executive as a result of any
transaction constituting a breach of any provision of
Section 4.00.  The Company may set off any amounts finally
determined by a court of competent jurisdiction to be due under this section
against any amount which may be owed to the Executive under this
Agreement.  The Parties agree that any action for breach of any of the
provisions of Section 4.00 and/or injunctive relief shall be venued in the
Court of Common Pleas, Franklin County, Ohio.

    

    4.10           Return of Company
Property.  Upon termination of employment, the Executive agrees
to promptly return to the Company all property belonging to the Group or any
Group Member.

    

    4.11           Effect of
Termination.  The provisions of Section 4.00 shall survive any
termination of this Agreement, and the existence of any claim or cause of action
by the Executive against the Company, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Company of
the covenants and agreements of this Section 4.00; provided, however, that this
Section 4.11 shall not, in and of itself, preclude the Executive from
defending himself against the enforceability of the covenants and agreements of
Section 4.00.

    

    
      	 
      	
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    5.00     Termination
and Related Benefits

    

    This
Agreement will terminate upon the occurrence of any of the events described in
this section.

    

    5.01           Rules of General
Application.  The following rules apply generally to the
implementation of Section 5.00:

    

    [1]           Method of
Payment.  The Company, at its option, may elect to pay, as a
lump sum, any installment payments due under Section 5.00.  If the
Company decides to accelerate payment of any installment obligation due under
Section 5.00, the amount paid will be reduced to reflect the value of the
accelerated payment.  This reduction will be based on the rate paid
under 90-day U.S. Treasury Bills issued on the first issue date after this
Agreement terminates.

    

    [2]           Application of Pro
Rata.  Any pro rata share required to be paid under
Section 5.00 will be based on the number of days between the first day of
the fiscal year during which the Executive terminates employment and the date
that the Executive terminates employment divided by the number of days in the
fiscal year during which the Executive terminates employment.

    

    5.02           Termination Due to Executive’s
Death.  This Agreement will terminate automatically on the date
the Executive dies.  As of that date, and subject to
Subsection 5.04[6], the Company will make the following payments to the
person the Executive designates on the attached Beneficiary designation
form.

    

    [1]           Base Salary.  The
unpaid Base Salary the Executive earned to the date of termination.

    

    [2]           Bonus.  The pro rata
share of any Bonus that would have been paid to the Executive had the Executive
not died.  The pro rata share shall be determined after the close of
the fiscal year in which the termination because of death occurs and paid when
other eligible executives are paid a Bonus.

    

    [3]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company will be distributed or made available as required by
the terms of the plan, fund or program or as required by law.

    

    5.03           Termination Due to Executive’s
Disability.  The Company may terminate this Agreement after
ascertaining that the Executive is Disabled (as defined below - “Disability”) by
delivering to the Executive a written notice of termination for Disability that
includes the date termination for Disability is to be effective.  If
all requirements of this Agreement are met (including those imposed under
Section 7.00), the Company will make the following payments to the
Executive:

    

    
      	 
      	
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    [1]           Base Salary.  The
unpaid Base Salary the Executive earned to the date of termination.

    

    [2]           Bonus.  The pro rata
share of any Bonus that would have been paid to the Executive had the Executive
not become Disabled.  The pro rata share shall be determined after the
close of the fiscal year in which the termination for Disability occurs and paid
when other eligible executives are paid a Bonus.

    

    [3]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company will be distributed or made available as required by
the terms of the plan, fund or program or as required by law.

    

    [4]           Definition of
Disability.  For these purposes, “Disability” means that, for
more than six consecutive months, the Executive is unable, with a reasonable
accommodation, to perform the duties described in Section 4.01 on a
full-time basis due to a physical or mental disability or
infirmity.

    

    5.04           Termination for
Cause.  The Company may terminate the Executive’s employment
for Cause (as defined below - “Cause”) by delivering to the Executive a written
notice describing the basis for this termination and the date the termination
for Cause is to be effective.  If the Executive is terminated for
Cause and if all requirements of this Agreement are met, the Company will make
the following payments to the Executive:

    

    [1]           Base Salary.  The
unpaid Base Salary the Executive earned to the date of termination.

    

    [2]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company will be distributed or made available as required by
the terms of the plan, fund or program or as required by law.

    

    [3]           Definition of
Cause.  For these purposes, Cause means the Executive’s [a] failure to comply
with Company’s policies and procedures, but only if [i] before issuing the
notice of termination for Cause, the Company makes a written demand upon the
Executive for compliance and specifically describes the basis for this demand
and [ii] if the failure is one that can be cured, the Executive does not comply
within 10 days after receiving the demand; [b] willful or illegal
misconduct or grossly negligent conduct that is injurious to the Company
monetarily or otherwise; [c] violation of laws or
regulations governing the Company or violation of the Company’s code of ethics;
[d] breach of any
fiduciary duty owed to the Company; [e] misrepresentation or
dishonesty which the Company determines has had or is likely to have a material
adverse effect upon the Company; [f] breach of any
provision of Section 4.00 of this Agreement; [g] involvement in any
act of moral turpitude that has an injurious effect on the Company or its
reputation; or [h] breach of the terms
of any non-solicitation or confidentiality clauses contained in an employment
agreement(s) with a former employer.

    

    [4]           Subsequent
Information.  The terms of Section 5.04 will apply if, after
the Executive terminates under any other provision of Section 5.00, the Company
learns of an event that, had it been known before the Executive terminated
employment, would have justified a termination for Cause.  In this
case, the Company will be entitled to recover (and the Executive agrees to
repay) any amounts (other than legally protected benefits) that the Executive
received under any other provision of Section 5.00 reduced by the amount the
Executive is entitled to receive under Section 5.04.

    

    
      	 
      	
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    5.05           Voluntary Termination by
Executive.  The Executive may voluntarily terminate employment
with the Company at any time, in which case the Company will make the following
payments to the Executive if all requirements of this Agreement are
met:

    

    [1]           Base Salary.  The
unpaid Base Salary the Executive earned to the date of termination.

    

    [2]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company will be distributed or made available as required by
the terms of the plan, fund or program or as required by law.

    

    5.06           Involuntary Termination Without
Cause.  The Company may terminate the Executive’s employment at
any time Without Cause (as defined below) by delivering to the Executive a
written notice specifying the date termination is to be effective.  If
all requirements of this Agreement are met (including those imposed under
Section 7.00), the Company will make the following payments to the
Executive as of the effective date of termination Without Cause:

    

    [1]           Base Salary.  For 12
months beginning on the date of termination Without Cause, the Company will
continue to pay the Executive’s Base Salary at the rate in effect on the date of
termination Without Cause.

    

    [2]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company will be distributed or made available as required by
the terms of the plan, fund or program or as required by law.

    

    [3]           Definition of Without
Cause.  For purposes of this Agreement, “Without Cause” means
termination of the Executive’s employment by the Company for any reason other
than those set forth in Sections 5.02, 5.03, 5.04 or 5.05.

    

    5.07           Termination After Change of
Control.

    

    [1]           Termination of
Employment.  If there is a Change of Control (as defined
herein) or within two (2) years following a Change of Control (as defined
herein), the Company terminates the Executive’s employment Without Cause, the
provisions of this Section 5.07 shall be applicable, instead of the
provisions of Section 5.06.  To the extent that the provisions of
this Section 5.07 are applicable, the Executive shall be entitled to the
following payments and benefits:

    

    [a]           Base Salary.  A
single lump sum payment equal to two (2) times the Executive’s Base Salary at
the rate in effect on the date of termination.

    

    
      	 
      	
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    [b]           Bonus.  A single
lump sum payment equal to two (2) times the Executive’s Stretch Bonus in effect
under the Bonus Program for the year in which the Executive’s employment is
terminated.

    

    [c]           Health Care.  The
Company will reimburse the Executive for the cost of continuing health coverage
under COBRA for a period of no more than 12 months following the date of
termination, less the amount the Executive is expected to pay as a regular
employee premium for such coverage.  Such reimbursements will cease if
the Executive becomes eligible for similar coverage under another benefit
plan.

    

    [d]           Other.  Any rights
accruing to the Executive under any employee benefit plan, fund or program
maintained by the Company arising from either a Change of Control or termination
of employment will be distributed or made available as required by the terms of
the plan, fund or program or as required by law.

    

    [2]           Definition of Change of
Control.  For purposes of this Agreement, the term “Change of
Control” means [a] any person or group
[as defined for purposes of Section 13(d) of the Securities Exchange Act of
1934] that becomes the beneficial owner of, or has the right to acquire (by
contract, option, warrant, conversion of convertible securities or otherwise),
20% or more of the outstanding equity securities of Big Lots, Inc. (“BLI”)
entitled to vote for the election of directors; [b] a majority of the
Board of Directors of BLI is replaced within any period of two years or less by
directors not nominated and approved by a majority of the directors of BLI in
office at the beginning of such period (or their successors so nominated and
approved), or a majority of the Board of Directors of BLI at any date consists
of persons not so nominated and approved; [c] the stockholders of
BLI approve an agreement to reorganize, merge or consolidate with another
corporation (other than Big Lots Stores, Inc. or an affiliate); [d] the stockholders of
BLI adopt a plan or approve an agreement to sell or otherwise dispose of all or
substantially all of BLI’s assets (including without limitation, a plan of
liquidation or dissolution), in a single transaction or series of related
transactions.  The effective date of any such Change of Control shall
be the date upon which the last event occurs or last action is taken such that
the definition of such Change of Control (as set forth above) has been
met.  For purposes of this Agreement, the term “affiliate” shall
mean:  [i] any person or entity
qualified as part of an affiliated group which includes BLI pursuant to Section
1504 of the Internal Revenue Code of 1986, as amended (the “Code”); or [ii] any person or entity
qualified as part of a parent-subsidiary group of trades and businesses under
common control within the meaning of Treasury Regulation Section
1.414(c)(2)(b).  Determination of affiliate shall be tested as of the
date immediately prior to any event constituting a Change of
Control.  The other provisions of this Section 5.07
notwithstanding, the term “Change of Control” shall not mean any transaction,
merger, consolidation or reorganization in which BLI exchanges or offers to
exchange newly issued or treasury shares in an amount less than 50% of the
then-outstanding equity securities of BLI entitled to vote for the election of
directors, for 51% or more of the outstanding equity securities entitled to vote
for the election of at least the majority of the directors of a corporation
other than BLI or an affiliate thereof (the “Acquired Corporation”), or for all
or substantially all of the assets of the Acquired Corporation.

    

    
      	 
      	
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    [3]           Treatment of
Taxes.  If payments under this Agreement, when combined with
payments and benefits under all other plans and programs maintained by the
Company, constitute “excess” parachute payments as defined in
Section 280G(b) of the Code, the Company, subject to
Subsection 5.07[4], will either:

    

    [a]           Reimburse
the Executive for the amount of any excise tax due under Code §4999, if this
procedure provides the Executive with an after-tax amount that is larger than
the after-tax amount produced under Subsection 5.07[3][b]; or

    

    [b]           Reduce
the Executive’s benefits under this Agreement so that the Executive’s total
“parachute payment” as defined in Code §280G(b)(2)(A) under this and all other
agreements will be $1.00 less than the amount that would be an “excess”
parachute payment if this procedure provides the Executive with an after-tax
amount that is larger than the after-tax amount produced under
Subsection 5.07[3][a].

    

    This
comparison will be made as of the date of the corporate event generating the
“parachute payments” although any reimbursement provided under
Subsection 5.07[3][a] will be made when the parachute payment is actually
made or distributed.

    

    Within 10
days of the date the Company determines that Subsection 5.07[3][b] should
be applied, the Company will apprise the Executive of the amount of the
reduction (“Notice of Reduction”).  Within 10 days of receiving that
information, the Executive may specify how (and against which benefit or payment
source) the reduction is to be applied (“Notice of Allocation”).  The
Company will be required to implement these directions within 10 days of
receiving the Notice of Allocation.  If the Company has not received a
Notice of Allocation from the Executive within 10 days of the date of the Notice
of Reduction or if the allocation provided in the Notice of Allocation is not
sufficient to fully implement Subsection 5.07[3][b], the Company will apply
Subsection 5.07[3][b] proportionately based on the amounts otherwise
payable under this Agreement or, if a Notice of Allocation has been returned
that does not sufficiently implement Subsection 5.07[3][b], on the basis of
the reductions specified in the Notice of Allocation.

    

    [4]           Effect of Subsequent Tax
Claim.  The Company will establish procedures that will apply
to any inquiries regarding the treatment of tax payments under this
Section 5.07.  Within 30 days following the termination of the
Executive’s employment under Section 5.07, the Company will provide the
Executive with a copy of such procedures.

    

    6.00     Notice

    

    6.01           How Given.  Any
notice permitted or required to be given under this Agreement must be given in
writing and delivered in person or by registered, U.S. mail, return receipt
requested, postage prepaid; or through Federal Express, UPS, DHL or any other
reputable professional delivery service that maintains a confirmation of
delivery system.  Any delivery must be addressed to the Company’s Vice
President and General Counsel with a copy to the Company’s Chief Executive
Officer at the Company’s then-current corporate offices and to the Executive at
the Executive’s address as contained in the Executive’s personnel
file.

    

    
      	 
      	
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    6.02           Effective Date.  Any
notice permitted or required to be given under this Agreement will be effective
on the date it is delivered, in the event of personal delivery, or on the date
its receipt is acknowledged, in the event of delivery by registered mail or
through a professional delivery service described in
Section 6.01.

    

    7.00     Execution
of Release

    

    The
Executive agrees that as a condition of receiving any post-termination benefit
as set forth in Section 5.00 except for earned but unpaid Base Salary to
the date of termination, along with any accrued rights the Executive has under
any employee benefit plan of the Company, he must execute a comprehensive
release in the form as may be determined from time to time by the Company in its
sole discretion.  Generally, the release will require the Executive
and the Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees, legatees and assigns
to release and forever discharge the Company (and all Group Members) and its
executives, officers, directors, agents, attorneys, successors and assigns from
any and all claims, suits and/or causes of action that grow out of or are in any
way related to the Executive’s recruitment to or employment with the Company,
other than any claim that the Company has breached this
Agreement.  This release will include, but not be limited to, any
claim that the Company violated the Employee Retirement Income Security Act of
1974; the Age Discrimination in Employment Act; the Older Worker’s Benefit
Protection Act; the Americans with Disabilities Act; Title VII of the Civil
Rights Act of 1964 (as amended); the Family and Medical Leave Act; any state,
federal law or local ordinance prohibiting discrimination, harassment or
retaliation in employment; any claim for wrongful discharge in violation of
public policy, claims of promissory estoppel or detrimental reliance,
defamation, intentional infliction of emotional distress; or the public policy
of any state; or any federal, state or local law.  Upon termination,
the Executive will be presented with a release and if the Executive fails to
execute the release, the Executive agrees to forego any payment from the Company
other than payments as if the Executive had terminated employment voluntarily
under Section 5.05.  The Executive acknowledges that the
Executive is an experienced senior executive knowledgeable about the claims that
might arise in the course of employment with the Company and knowingly agrees
that the payments upon termination (except those payable in accordance with
Sections 5.02, 5.04 and 5.05) provided for in this Agreement are satisfactory
additional consideration for the release of all possible claims.

    

    8.00     Insurance

    

    To the
extent permitted by law and its organizational documents, the Company will
include the Executive under any liability insurance policy the Company maintains
for employees of comparable status.  The level of coverage will be at
least as favorable to the Executive (in amount and each other material respect)
as the coverage of other employees of comparable status.  This
obligation to provide insurance for the Executive will survive termination of
this Agreement with respect to proceedings or threatened proceedings based on
acts or omissions occurring during the Executive’s employment with the Company
or with any Group Member.

    

    
      	 
      	
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    9.00     Arbitration

    

    9.01           Acknowledgement of
Arbitration.  Unless stated otherwise in this Agreement, the
Parties agree that arbitration is the sole and exclusive remedy for each of them
to resolve and redress any dispute, claim or controversy involving the
interpretation of this Agreement or the terms, conditions or termination of this
Agreement or the terms, conditions or termination of the Executive’s employment
with the Company, including any claims for any tort, breach of contract,
violation of public policy or discrimination, whether such claim arises under
federal or state law.

    

    9.02           Scope of
Arbitration.  The Executive expressly understands and agrees
that claims subject to arbitration under this section include asserted
violations of the Employee Retirement Income Security Act of 1974; the Age
Discrimination in Employment Act; the Older Worker’s Benefit Protection Act; the
Americans with Disabilities Act; Title VII of the Civil Rights Act of 1964 (as
amended); the Family and Medical Leave Act; any law prohibiting discrimination,
harassment or retaliation in employment; any claim of promissory estoppel or
detrimental reliance, defamation, intentional infliction of emotional distress;
or the public policy of any state, or any federal, state or local
law.

    

    9.03           Effect of
Arbitration.  The Parties intend that any arbitration award
relating to any matter described in Section 9.00 will be final and binding on
them and that a judgment on the award may be entered in any court of competent
jurisdiction, and enforcement may be had according to the terms of that
award.  This section will survive the termination or expiration of
this Agreement.

    

    9.04           Location of
Arbitration.  Arbitration will be held in Columbus, Ohio, and
will be conducted by a retired federal judge or other qualified
arbitrator.  The arbitrator will be mutually agreed upon by the
Parties and the arbitration will be conducted in accordance with the National
Rules for the Resolution of Employment Disputes of the American Arbitration
Association.  The Parties will have the right to conduct discovery
pursuant to the Federal Rules of Civil Procedure; provided, however, that the
arbitrator will have the authority to establish an expedited discovery schedule
and cutoff and to resolve any discovery disputes.  The arbitrator will
have no jurisdiction or authority to change any provision of this Agreement by
alterations of, additions to or subtractions from the terms of this
Agreement.  The arbitrator’s sole authority will be to interpret or
apply any provision(s) of this Agreement or any public law alleged to have been
violated.  The arbitrator has the authority to award damages and such
other relief as expressly provided by law.

    

    9.05           Time for Initiating
Arbitration.  Any claim or controversy not sought to be
submitted to arbitration, in writing, within 60 days of the date the Party
asserting the claim knew, or through reasonable diligence should have known, of
the facts giving rise to that Party’s claim, will be deemed waived and the Party
asserting the claim will have no further right to seek arbitration or recovery
with respect to that claim or controversy.  Both Parties agree to
strictly comply with the time limitation specified in Section
9.00.  For purposes of this section, a claim or controversy is sought
to be submitted to arbitration on the date the complaining Party gives written
notice to the other that [1] an issue has arisen
or is likely to arise that, unless resolved otherwise, may be resolved through
arbitration under Section 9.00 and [2] unless the issue is
resolved otherwise, the complaining Party intends to submit the matter to
arbitration under the terms of Section 9.00.

    

    
      	 
      	
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    9.06           Costs of Arbitration and Attorney’s
Fees.  The Company will bear the arbitrator’s fee and other
costs associated with any arbitration, unless the arbitrator, acting under
Federal Rule of Civil Procedure 54(d)(1), elects to award these fees to the
Company.  Attorney’s fees may be awarded to the prevailing party if
expressly authorized by statute, or otherwise each party shall bear its own
attorney’s fees and costs.

    

    9.07           Arbitration Exclusive
Remedy.  The Parties acknowledge that, because arbitration is
the exclusive remedy for resolving issues arising under this Agreement, neither
Party may resort to any federal, state or local court or administrative agency
concerning breaches of this Agreement or any other matter subject to arbitration
under Section 9.00, except as otherwise provided in this Agreement, and that the
decision of the arbitrator will be a complete defense to any suit, action or
proceeding instituted in any federal, state or local court before any
administrative agency with respect to any arbitrable claim or
controversy.

    

    9.08           Waiver of Jury.  The
Executive and the Company each waive the right to have a claim or dispute with
one another decided in a judicial forum or by a jury, except as otherwise
provided in this Agreement.

    

    10.00     General
Provisions

    

    10.01         Representation of
Executive.  The Executive represents and warrants that the
Executive is not under any contractual or legal restraint that prevents or
prohibits the Executive from entering into this Agreement or performing the
duties and obligations described in this Agreement.

    

    10.02         Modification or Waiver; Entire
Agreement.  No provision of this Agreement may be modified or
waived except in a document signed by the Executive and the Company’s Chief
Executive Officer or other person designated by the Company’s Board of
Directors.  This Agreement, and any attachments referenced in the
Agreement, constitute the entire agreement between the Parties regarding the
employment relationship described in this Agreement, and any other agreements
are terminated and of no further force or legal effect.  No agreements
or representations, oral or otherwise, with respect to the Executive’s
employment relationship with the Company have been made or relied upon by either
Party which are not set forth expressly in this Agreement.

    

    10.03         Governing Law;
Severability.  This Agreement is intended to be performed in
accordance with, and only to the extent permitted by, all applicable laws,
ordinances, rules and regulations.  If any provision of this
Agreement, or the application of any provision of this Agreement to any person
or circumstance, is, for any reason and to any extent, held invalid or
unenforceable, such invalidity and unenforceability will not affect the
remaining provisions of this Agreement of its application to other persons or
circumstances, all of which will be enforced to the greatest extent permitted by
law and the Executive and the Company agree that the arbitrator (or judge) is
authorized to reform the invalid or enforceable provision [1] to the extent needed
to avoid the invalidity or unenforceability and [2] in a manner that is
as similar as possible to the intent (as described in this
Agreement).  The validity, construction and interpretation of this
Agreement and the rights and duties of the Parties will be governed by the laws
of the State of Ohio, without reference to the Ohio choice of law
rules.

    

    
      	 
      	
              15

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.04         No Waiver.  Except
as otherwise provided in Section 9.05, failure to insist upon strict compliance
with any term of this Agreement will not be considered a waiver of any such
term.

    

    10.05         Withholding.  All
payments made to the Executive under this Agreement will be reduced by any
amount:

    

    [1]           
That the Company is required to withhold in advance payment of the Executive’s
federal, state and local income, wage and employment tax liability;
and

    

    [2]           To
the extent allowed by law, that the Executive owes (or, after employment is
deemed to owe) to the Company.

    

    However,
application of Subsection 10.05[2] will not extinguish the Company’s right
to seek additional amounts from the Executive (or to pursue other appropriate
remedies) to the extent that the amount that may be recovered by application of
Subsection 10.05[2] does not fully discharge the amount the Executive owes
to the Company and does not preclude the Company from proceeding directly
against the Executive without first exhausting its right of recovery under
Subsection 10.05[2].

    

    10.06         Survival.  Subject
to the terms of the Executive’s Beneficiary Designation form, the Parties agree
that the covenants and promises set forth in this Agreement will survive the
termination of this Agreement and continue in full force and
effect.

    

    10.07         Miscellaneous.

    

    [1]           The
Executive may not assign any right or interest to, or in, any payments payable
under this Agreement; provided, however, that this prohibition does not preclude
the Executive from designating in writing one or more beneficiaries to receive
any amount that may be payable after the Executive’s death and does not preclude
the legal representative of the Executive’s estate from assigning any right
under this Agreement to the person or persons entitled to it.

    

    [2]           This
Agreement will be binding upon and will inure to the benefit of the Executive,
the Executive’s heirs and legal representatives and the Company and its
successors.

    

    [3]           The
headings in this Agreement are inserted for convenience of reference only and
will not be a part of or control or affect the meaning of any provision of the
Agreement.

    

    10.08         Successors to
Company.  This Agreement may and will be assigned or
transferred to, and will be binding upon and will inure to the benefit of, any
successor of the Company, and any successor will be substituted for the Company
under the terms of this Agreement.  As used in this Agreement, the
term “successor” means any person, firm, corporation or business entity which at
any time, whether by merger, purchase or otherwise, acquires all or essentially
all of the assets of the business of the Company.  Notwithstanding any
assignment, the Company will remain, with any successor, jointly and severally
liable for all its obligations under this Agreement.

    

    
      	 
      	
              16

            	
              Initials
      RS  Date
      11-08-04

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement,
which includes an arbitration provision, and consists of 19 pages.

    

    
      	 
      	
              BIG
      LOTS STORES, INC.

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
               /s/ Brad A. Waite

            
	 
      	 
      	 
      
	 
      	
              Signed:  Nov.
      9, 2004

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
              ROBERT
      S. SEGAL

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
               /s/ Robert S.
Segal

            
	 
      	 
      	 
      
	 
      	
              Signed:  Nov.
      8, 2004

            

    

    

    

    
      	 
      	
              17

            	
              Initials
      RS  Date
      11-08-04

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