EMPLOYMENT AGREEMENT BY AND AMONG BIG LOTS, INC., BIG LOTS STORES, INC. AND KENT LARSSONEmployment Agreement by And • August 22nd, 2005 • Big Lots Inc • Retail-variety stores • Ohio
This employment agreement (“Agreement”) by and among Big Lots, Inc. (“BLI”), Big Lots Stores, Inc. (“Big Lots”) and their affiliates, predecessor, successor, subsidiaries and other related companies (collectively the “Company”) and Kent Larsson (“Executive”), collectively, the “Parties,” is effective as of August 17, 2005 (“Effective Date”) and supersedes and replaces [1] any other oral or written agreement or understanding concerning the terms of the Executive’s employment with the Company including Executive’s Employment Agreement dated March 29, 2004, but does not supersede or replace [2] any agreement or arrangement between the Executive or any Group Member (as defined in Section 4.02[1]) relating to the payment of compensation or benefits earned (or deemed earned) on account of services performed for a Group Member before the Effective Date.
