Kodak 2000 Annual Report Download - page 83

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11
How are awards determined?
A target bonus is set annually for each executive. The target, which is a percentage of base salary, varies
depending on the executive’s duties and responsibilities. For 2001, target bonuses range from 25% of base
salary to 145% of base salary for the CEO.
If the Plan is amended, any of the Plan’s performance measures can be used by the Committee to establish the
performance measure for the year. Using this measure, the Committee establishes at the beginning of
each year the performance formula for the year. Based on Company performance for the year, this formula
determines the size of the award pool for the year. The Committee awards bonuses from the award pool using
in large part the results of the management appraisal process. The total award pool does not have to be
awarded. The Committee has the authority to carry over unused award pool funds to subsequent performance
periods.
In what form are awards paid?
All awards are paid in cash.
What award limits exist under the Plan?
The maximum award payable to the Chief Executive Officer or any of the Company’s four other most highly
compensated executive officers is $5 million.
Who administers the Plan?
The Executive Compensation and Development Committee oversees the administration of the Plan.
What benefits would have been paid under the Plan if this amendment had been in effect
in 2000?
The benefits that would have been paid to the named executive officers, executive officers and all other
employees for the 2000 performance period had the amendment been in effect cannot be determined because
the amendment identifies a list of performance criteria and does not establish a specific criterion.
What benefits will be paid under this Plan, as amended?
The benefits that will be paid to the named executive officers, executive officers and all other employees
cannot be determined because the amendment identifies a list of performance criteria and does not establish a
specific criterion.
The Board of Directors recommends a vote FOR the amendment to 2000 Management Variable
Compensation Plan.