EXHIBIT 10.1
Big Lots, Inc. Non-Employee Director Compensation Package
Effective August 15, 2006
Effective August 15, 2006
| Annual Retainer | $ | 45,000 | ||
| Annual Committee Chair Retainer — Audit Committee | $ | 10,000 | ||
| Annual Committee Chair Retainer — Compensation Committee and Nominating/Corporate Governance Committee | $ | 5,000 | ||
| Board Meeting Fee | $ | 1,500 | ||
| Committee Meeting Fee | $ | 1,000 | ||
| Telephonic Meeting Fee — All Types | $ | 500 | ||
| Annual Charitable Donation to Organization Nominated by Director | $ | 10,000 | ||
Big Lots, Inc. Common Shares Underlying Annual Non-Qualified Stock Option Grant1 | 10,000 |
| 1 | Non-qualified stock options are granted pursuant to the Big Lots, Inc. Amended and Restated Director Stock Option Plan. |