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Exhibits
59
E A S T M A N฀ K OD A K ฀ C O M PA N Y
ARTICLE฀3฀—฀Eligibility
All฀Employees฀and฀Directors฀are฀eligible฀to฀participate฀in฀the฀Plan.฀The฀Committee฀may฀select,฀from฀time฀to฀time,฀Participants฀from฀those฀Employees฀who,฀in฀
the฀opinion฀of฀the฀Committee,฀can฀further฀the฀Plan’s฀purposes.฀In฀addition,฀the฀Committee฀may฀select,฀from฀time฀to฀time,฀Participants฀from฀those฀Directors฀
(who฀may฀or฀may฀not฀be฀Committee฀members)฀who,฀in฀the฀opinion฀of฀the฀Committee,฀can฀further฀the฀Plan’s฀purposes.฀Once฀a฀Participant฀is฀so฀selected,฀
the฀Committee฀shall฀determine฀the฀type(s)฀of฀Awards฀to฀be฀made฀to฀the฀Participant฀and฀shall฀establish฀in฀the฀related฀Award฀Notice(s)฀the฀terms,฀condi-
tions,฀restrictions฀and/or฀limitations,฀if฀any,฀applicable฀to฀the฀Award(s)฀in฀addition฀to฀those฀set฀forth฀in฀this฀Plan฀and฀the฀administrative฀rules฀and฀regulations฀
issued฀by฀the฀Committee.
ARTICLE฀4฀—฀Plan฀Administration
4.1฀฀Responsibility฀฀The฀Committee฀shall฀have฀total฀and฀exclusive฀responsibility฀to฀control,฀operate,฀manage฀and฀administer฀the฀Plan฀in฀accordance฀
with฀its฀terms.
4.2฀฀Authority฀of฀the฀Committee฀฀The฀Committee฀shall฀have฀all฀the฀authority฀that฀may฀be฀necessary฀or฀helpful฀to฀enable฀it฀to฀discharge฀its฀
responsibilities฀with฀respect฀to฀the฀Plan.฀Without฀limiting฀the฀generality฀of฀the฀preceding฀sentence,฀the฀Committee฀shall฀have฀the฀exclusive฀right฀to:฀a)฀select฀
the฀Participants฀and฀determine฀the฀type฀of฀Awards฀to฀be฀made฀to฀Participants,฀the฀number฀of฀shares฀or฀amount฀of฀cash฀(or฀equivalents)฀subject฀to฀Awards฀
and฀the฀terms,฀conditions,฀restrictions฀and฀limitations฀of฀the฀Awards;฀b)฀interpret฀the฀Plan;฀c)฀determine฀eligibility฀for฀participation฀in฀the฀Plan;฀d)฀decide฀
all฀questions฀concerning฀eligibility฀for฀and฀the฀amount฀of฀Awards฀payable฀under฀the฀Plan;฀e)฀construe฀any฀ambiguous฀provision฀of฀the฀Plan;฀f)฀correct฀any฀
defect;฀g)฀supply฀any฀omission;฀h)฀reconcile฀any฀inconsistency;฀i)฀issue฀administrative฀guidelines฀or฀sub-plans฀as฀an฀aid฀to฀administer฀the฀Plan฀and฀make฀
changes฀in฀such฀guidelines฀or฀sub-plans฀as฀it฀from฀time฀to฀time฀deems฀proper;฀j)฀prescribe,฀amend฀and฀rescind฀rules฀and฀regulations฀relating฀to฀the฀Plan,฀
including฀rules฀governing฀its฀own฀operation;฀k)฀amend฀the฀Plan฀in฀accordance฀with฀Section฀16.6;฀l)฀determine฀whether฀Awards฀should฀be฀granted฀singly,฀in฀
combination฀or฀in฀tandem;฀m)฀to฀the฀extent฀permitted฀under฀the฀Plan,฀grant฀waivers฀of฀Plan฀terms,฀conditions,฀restrictions฀and฀limitations;฀n)฀accelerate฀the฀
vesting,฀exercise฀or฀payment฀of฀an฀Award฀or฀the฀Performance฀Cycle฀of฀an฀Award฀when฀such฀action฀or฀actions฀would฀be฀in฀the฀best฀interests฀of฀the฀Company฀
and฀in฀compliance฀with฀applicable฀tax฀law;฀o)฀establish฀such฀other฀types฀of฀Awards,฀besides฀those฀specifically฀enumerated฀in฀Article฀5฀hereof,฀which฀the฀
Committee฀determines฀are฀consistent฀with฀the฀Plan’s฀purpose;฀p)฀establish฀and฀administer฀Performance฀Formula฀and฀certify฀whether,฀and฀to฀what฀extent,฀
the฀goals฀have฀been฀attained;฀q)฀determine฀the฀terms฀and฀provisions฀of฀any฀Award฀Notice฀or฀other฀agreements฀entered฀into฀hereunder;฀r)฀take฀any฀and฀all฀
other฀action฀it฀deems฀necessary฀or฀advisable฀for฀the฀proper฀operation฀or฀administration฀of฀the฀Plan;฀s)฀make฀all฀other฀determinations฀it฀deems฀necessary฀
or฀advisable฀for฀the฀administration฀of฀the฀Plan,฀including฀factual฀determinations;฀and฀t)฀determine฀whether,฀to฀what฀extent฀and฀under฀what฀circumstances฀
Awards฀may฀be฀settled฀or฀exercised฀in฀cash฀or฀shares฀of฀Common฀Stock฀or฀cancelled,฀forfeited฀or฀suspended฀and฀the฀method฀or฀methods฀by฀which฀Awards฀
may฀be฀settled,฀cancelled,฀forfeited฀or฀suspended.
4.3฀฀Discretionary฀Authority฀฀The฀Committee฀shall฀have฀full฀discretionary฀authority฀in฀all฀matters฀related฀to฀the฀discharge฀of฀its฀responsibilities฀
and฀the฀exercise฀of฀its฀authority฀under฀the฀Plan฀including,฀without฀limitation,฀its฀construction฀of฀the฀terms฀of฀the฀Plan฀and฀its฀determination฀of฀eligibility฀for฀
participation฀and฀Awards฀under฀the฀Plan.฀It฀is฀the฀intent฀of฀the฀Plan฀that฀the฀decisions฀of฀the฀Committee฀and฀its฀actions฀with฀respect฀to฀the฀Plan฀shall฀be฀
final,฀binding฀and฀conclusive฀upon฀all฀persons฀having฀or฀claiming฀to฀have฀any฀right฀or฀interest฀in฀or฀under฀the฀Plan.
4.4฀฀Section฀162(m)฀of฀the฀Code฀and฀Covered฀Employees฀฀The฀terms฀set฀forth฀in฀Appendix฀A฀shall฀apply฀to฀all฀Awards฀granted฀to฀any฀
Covered฀Employee,฀other฀than฀Awards฀of฀Stock฀Options฀or฀SARs.
4.5฀฀Action฀by฀the฀Committee฀฀The฀Committee฀may฀act฀only฀by฀a฀majority฀of฀its฀members.฀Any฀determination฀of฀the฀Committee฀may฀be฀made,฀
without฀a฀meeting,฀by฀a฀writing฀or฀writings฀signed฀by฀all฀of฀the฀members฀of฀the฀Committee฀and฀action฀so฀taken฀shall฀be฀fully฀effective฀as฀if฀it฀had฀been฀
taken฀by฀a฀vote฀at฀a฀meeting.฀In฀addition,฀the฀Committee฀may฀authorize฀any฀one฀or฀more฀of฀its฀number฀to฀execute฀and฀deliver฀documents฀on฀behalf฀of฀the฀
Committee.
4.6฀฀Allocation฀and฀Delegation฀of฀Authority฀฀The฀Committee฀may฀allocate฀all฀or฀any฀portion฀of฀its฀responsibilities฀and฀powers฀under฀the฀Plan฀
to฀any฀one฀or฀more฀of฀its฀members฀and฀may฀delegate฀all฀or฀any฀part฀of฀its฀responsibilities฀and฀powers฀to฀any฀person฀or฀persons฀selected฀by฀it,฀provided฀that฀
any฀such฀allocation฀or฀delegation฀be฀in฀writing;฀provided,฀however,฀that฀only฀the฀Committee฀may฀select฀and฀grant฀Awards฀to฀Participants฀who฀are฀subject฀to฀
Section฀16฀of฀the฀Exchange฀Act.฀The฀Committee฀may฀revoke฀any฀such฀allocation฀or฀delegation฀at฀any฀time฀for฀any฀reason฀with฀or฀without฀prior฀notice.
4.7฀฀Liability฀฀No฀member฀of฀the฀Board฀or฀the฀Committee฀or฀any฀employee฀of฀the฀Company฀(each฀such฀person฀an฀“Indemnified฀Person”)฀shall฀have฀any฀
liability฀to฀any฀person฀(including,฀without฀limitation,฀any฀Participant)฀for฀any฀action฀taken฀or฀omitted฀to฀be฀taken฀or฀any฀determination฀made฀in฀good฀faith฀
with฀respect฀to฀the฀Plan฀or฀any฀Award.฀Each฀Indemnified฀Person฀shall฀be฀indemnified฀and฀held฀harmless฀by฀Kodak฀against฀and฀from฀any฀loss,฀cost,฀liability฀
or฀expense฀(including฀attorneys’฀fees)฀that฀may฀be฀imposed฀upon฀or฀incurred฀by฀such฀Indemnified฀Person฀in฀connection฀with฀or฀resulting฀from฀any฀action,฀
suit฀or฀proceeding฀to฀which฀such฀Indemnified฀Person฀may฀be฀a฀party฀or฀in฀which฀such฀Indemnified฀Person฀may฀be฀involved฀by฀reason฀of฀any฀action฀taken฀or฀
omitted฀to฀be฀taken฀under฀the฀Plan฀and฀against฀and฀from฀any฀and฀all฀amounts฀paid฀by฀such฀Indemnified฀Person,฀with฀Kodak’s฀prior฀approval,฀in฀settle-
ment฀thereof,฀or฀paid฀by฀such฀Indemnified฀Person฀in฀satisfaction฀of฀any฀judgment฀in฀any฀such฀action,฀suit฀or฀proceeding฀against฀such฀Indemnified฀Person,฀
provided฀that฀Kodak฀shall฀have฀the฀right,฀at฀its฀own฀expense,฀to฀assume฀and฀defend฀any฀such฀action,฀suit฀or฀proceeding฀and,฀once฀Kodak฀gives฀notice฀of฀