Kodak 2001 Annual Report Download - page 107

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Long-Term Incentive Plan
Each February the Executive Compensation and Development Committee approves a three-year performance
cycle under the Performance Stock Program. Participation in the program is limited to senior executives. The
program's performance goal is total shareholder return equal to at least that earned by a company at the 50th
percentile in terms of total shareholder return within the Standard & Poor’s 500 Composite Stock Price Index.
After the close of a cycle, the Committee calculates the percentage earned of each participant’s target award.
No awards are paid unless the performance goal is achieved. Fifty percent of the target award is earned if the
performance goal is achieved. One hundred percent is earned if total shareholder return for the cycle equals
that of a company at the 60th percentile within the Standard & Poor’s 500 Composite Stock Price Index.
The Committee has the discretion to reduce or eliminate the award earned by any participant based upon any
criteria it deems appropriate. Awards are paid in the form of restricted stock, which restrictions lapse at age 60.
The table below shows the threshold (i.e., attainment of the performance goal), target and maximum number of
shares for the named executive officers for each cycle. No awards were earned for the 1999-2001 performance
cycle as shown in the “LTIP Payouts” column of the Summary Compensation Table on page 17.
LONG-TERM INCENTIVE PLAN – AWARDS IN LAST FISCAL YEAR
Estimated Future Payouts Under
Non-Stock Price-Based Plans
Name
Number of
Shares, Units
or Other Rights
Performance or
Other Period Until
Maturation or Payout
Threshold
# of Shares
Target
# of Shares
Maximum
# of Shares
D. A. Carp N/A 1999-2001 4,250 8,500 12,750
2000-2002 10,000 20,000 30,000
2001-2003 10,000 20,000 30,000
P. F. Russo N/A 1999-2001(a)(b) 1,875 3,750 5,625
2000-2002(a)(b) 9,375 8,750 13,125
2001-2003(a)(b) 6,875 13,750 20,625
R. H. Brust N/A 1999-2001(a) 1,750 3,500 5,250
2000-2002 2,625 5,250 7,875
2001-2003 2,625 5,250 7,875
E. L. Steenburgh N/A 1999-2001 3,400 6,800 10,200
2000-2002 3,400 6,800 10,200
2001-2003 3,400 6,800 10,200
M. M. Coyne N/A 1999-2001 1,813 3,625 5,438
2000-2002 1,813 3,625 5,438
2001-2003 3,400 6,800 10,200
(a) Individuals who participate for less than the full performance cycle are eligible for a prorated award based
upon the length of their participation.
(b) P. F. Russo is not eligible to receive any awards under the program as a result of her resignation from the
Company on January 4, 2002.
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