Kodak 2006 Annual Report Download - page 213

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PENSION BENEFITS TABLE
The Pension Benefits Table below shows the present value as of December 31, 2006 of the accumulated benefits payable to each of our Named
Executive Officers, including the number of years of service credited to each Named Executive Officer, under KRIP, KURIP and their Individual Retire-
ment Arrangements. The methods and assumptions for calculating the present value of accumulated benefits generally follow those set forth in SFAS
#87 under GAAP and are consistent with those used in our financial statements as described in Note 17 to the Notes to the Consolidated Financial
Statements to the Company’s Form 10-K for the year ended December 31, 2006. The present value has been calculated for all Named Executive Offi-
cers with the exception of Ms. Hellyar, assuming they will remain in service until the normal retirement age of 65, and that the benefit is payable as a
lump sum. The present value of Ms. Hellyar’s accumulated benefit assumed a benefit commencement at age 60, when she would be entitled to retire
without any benefit reduction, in the form of a straight life annuity.
Number of Years of Present Value of Payment During
Credited Service Accumulated Benefit Last Fiscal Year
Name Plan Name (#) ($) ($)
A. M. Perez KRIP 3.75 $ 38,911 $ 0
KURIP 3.75 547,009 0
Individual Agreements 12.34 (1) 5,422,057 0
F. S. Sklarsky KRIP 0.17 3,423 0
KURIP 0.17 0 0
Individual Agreements 0.17 14,880 0
R. H. Brust KRIP 7.00 68,764 0
KURIP 7.00 518,023 0
Individual Agreements 25.00 (2) 6,126,065 0
J. Langley KRIP 3.42 35,635 0
KURIP 3.42 95,826 0
Individual Agreements 3.42 309,781 0
P. J. Faraci KRIP 2.08 19,937 0
KURIP 2.08 72,710 0
Individual Agreements 5.06 (3) 331,699 0
M. J. Hellyar KRIP 24.17 703,974 0
KURIP 24.17 2,477,775 0
Former Executive
D. T. Meek KRIP 24.83 0 473,373
KURIP 24.83 633,802 816,204
Individual Agreements 36.08 (4) 0 3,439,389
(1) Mr. Perez has been employed with the Company for 3.75 years. Under his Individual Agreement, he will be credited with 12.34 years, represent-
ing a difference of 8.59 years of additional service. Of Mr. Perez’s total accumulated benefit shown above, $3,774,349 is attributable to his
additional credited service as of December 31, 2006.
(2) Mr. Brust has been employed with the Company for 7 years. Under his Individual Agreement, he will be credited with 25 years, representing a
difference of 18 years of additional additional service. Of Mr. Brust’s total accumulated benefit shown above, $4,410,767 is attributable to his
additional credited service as of December 31, 2006.
(3) Mr. Faraci has been employed with the Company for 2.08 years. Under his individual agreement, he will be credited with 5.06 years, representing
a difference of 2.98 years of additional service. Of Mr. Faraci’s total accumulated benefit shown above, $195,348 is attributable to his additional
credited service as of December 31, 2006.
(4) Mr. Meek had been employed with the Company for 24.83 years. For the purposes of this table, under his Individual Agreement, he will be cred-
ited with 36.08 years, representing a difference of 11.25 years of additional service. The value attributable to his additional credited service was
paid to Mr. Meek during the last fiscal year.