Kodak 2007 Annual Report Download - page 151

28
(5) The amounts in this column include perquisites and other benefits provided to directors. The total incremental cost of all perquisites or
other benefits paid to our directors must be disclosed, unless the aggregate value of this compensation is less than $10,000. In 2007,
all of our directors, except M. L. Collins, received perquisites and other benefits that fell below this disclosure threshold.
Name
Travel
Accident
Insurance
Life
Insurance
Directors’
Charitable
Award
Personal
Umbrella
Liability
Insurance
Miscellaneous
(a)
Total
Richard S. Braddock $234 $914 $ 0 $597 $1,280 $ 3,025
Martha Layne Collins 94 648 19,879 597 200 21,418
Timothy M. Donahue 234 914 0 597 325 2,070
Michael J. Hawley 234 914 0 597 200 1,945
William H. Hernandez 234 914 0 597 200 1,945
Durk I. Jager 94 381 0 597 200 1,272
Douglas R. Lebda 0 0 0 0 838 838
Debra L. Lee 234 914 0 597 571 2,316
Delano E. Lewis 234 914 0 597 398 2,143
William G. Parrett 0 0 0 0 838 838
Hector de J. Ruiz 234 914 0 597 200 1,945
Laura D’Andrea Tyson 234 914 0 597 200 1,945
(a) For R. S. Braddock, the amount is for Company products and service. For M. L. Collins, the amount is for Company products. For T. M.
Donahue, the amount is for transportation, incidental expenses and Company products. For M. J. Hawley, the amount is for Company
products. For W. H. Hernandez, the amount is for Company products. For D. I. Jager, the amount is for Company products. For D. R.
Lebda, the amount is for Company products. For D. L. Lee, the amount is for transportation and Company products and services. For
D. E. Lewis, the amount is for transportation, incidental expenses and Company products. For W. G. Parrett, the amount is for
Company products. For H. de J. Ruiz, the amount is for Company products. For L. D. Tyson, the amount is for Company products.
Deferred Compensation
Non-employee directors may defer some or their entire Board retainer, chair retainer, presiding director retainer and restricted stock award
into the Directors Deferred Compensation Plan. The plan has two investment options: an interest-bearing account that pays interest at the
prime rate and a Kodak phantom stock account. The value of the Kodak phantom stock account reflects changes in the market price of the
common stock and dividends paid. Five directors deferred compensation in 2007. In the event of a change-in-control, the amounts in the
phantom accounts will generally be paid in a single cash payment. The plan’s benefits are neither funded nor secured.
Life Insurance
The Company provided $100,000 of group term life insurance to each non-employee director. This decreased to $50,000 at retirement or
age 65, whichever occurs later. Effective as of January 1, 2008, this benefit has been terminated for all current non-employee directors.
Personal Umbrella Liability Insurance
The Company provided $5,000,000 of personal umbrella liability insurance to each non-employee director. This coverage terminated on
December 31st of the year in which the director terminates service on the Company’s Board. Effective as of January 1, 2008, this benefit
has been terminated.
Travel Accident Insurance
The Company provided each non-employee director with $200,000 of accidental death and $100,000 of dismemberment insurance while
traveling to, or attending, Board or Committee meetings. Effective as of January 1, 2008, this benefit has been terminated.