Kodak 2006 Annual Report Download - page 224

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Severance Benefi ts Based on Termination Due to Death Table(1)
The table below estimates the incremental amounts payable upon a termination of employment due to death, as if the Named Executive Offi cers’
employment was terminated as of December 31, 2006, using the closing price of our common stock as of December 29, 2006, the last trading day in
2006.
A. M. F. S. R. H. J. T. P. J. M. J.
Perez Sklarsky Brust Langley Faraci Hellyar
Cash Severance $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Intrinsic Value of Stock Options (2) 94,504 0 12,601 14,659 34,409 11,725
Restricted Stock (3) 3,483,000 1,290,000 696,600 0 103,200 387,000
Leadership Stock (4) 822,375 0 129,645 132,225 132,225 105,780
2006 EPSP Award (5) 781,256 0 123,163 125,614 125,614 100,491
Benefi ts/Perquisites (6) 14,000 0 0 0 0 0
Pension (7) 301,209 0 0 0 0 0
Total $ 5,496,344 $ 1,290,000 $ 962,009 $ 272,498 $ 395,448 $ 604,996
(1) The values in this table: 1) refl ect incremental payments associated with a termination due to death; 2) assume a stock price of $25.80 (except if
otherwise noted); and 3) include all outstanding grants through the assumed termination date of December 31, 2006.
(2) The amounts in this row report the intrinsic value of unvested stock options, based on a stock price of $25.80, the closing price of Kodak stock
as of December 29, 2006, that would vest immediately in the event of termination due to death.
(3) For all Named Executive Offi cers, except Mr. Faraci, the values in this row report the value of unvested shares of restricted stock that would au-
tomatically vest upon a termination due to death. For Mr. Faraci, the value in this row represents the value of unvested shares of restricted stock
that vest on a pro rata basis pursuant to the terms of Mr. Faraci’s signing bonus, included in his offer letter, discussed on page 48 of this Proxy
Statement.
(4) The amounts in this row refl ect 50% of the target allocation for the 2006-2007 Leadership Stock performance cycle, although the actual amount
may range from 0% to 200% based on Company’s performance relative to plan goals, and also refl ects a 0% earnout for the 2005-2006 Leader-
ship Stock Award.
(5) The amounts in this row refl ect a 95% payout from the 2006 EPSP.
(6) Mr. Perez’s estate would be entitled to $14,000 in perquisites, which include two years of fi nancial counseling services, valued at $7,000 a year.
(7) The amounts included in this row report the incremental value of pension benefi ts to which Mr. Perez’s estate would have been entitled assuming
it would receive his pension benefi ts in a lump sum.
Severance Benefi ts Based on Termination by Mr. Perez with Good Reason Table(1)(2)
The table below estimates the incremental amounts payable upon a termination of employment by Mr. Perez with good reason, as if the Named Execu-
tive Offi cers’ employment was terminated as of December 31, 2006, using the closing price of our common stock as of December 29, 2006, the last
trading day in 2006.
A. M.
Perez
Cash Severance (3) $ 5,610,000
Intrinsic Value of Stock Options (4) 94,504
Restricted Stock (5) 2,838,000
Leadership Stock (6) 822,375
2006 EPSP Award (7) 781,256
Benefi ts/Perquisites (8) 25,763
Pension (9) 301,209
Total $ 10,473,107