Kodak 2008 Annual Report Download - page 200

74
Severance Benefits 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
Officer’s employment was terminated as of December 31, 2008, using the closing price of our common stock as of December 31, 2008,
which was $6.58.
A.M.
Perez
F.S.
Sklarsky
P.J.
Faraci
M.J.
Hellyar
R.L.
Berman
J.T.
Langley(2)
Cash Severance $ 0$ 0 $0 $0 $0 N/A
Intrinsic Value of Stock Options (3) 00000N/A
Restricted Stock (4) 322,367 164,500 43,375 122,342 43,869 N/A
Leadership Stock (5) 511,676 162,679 95,472 94,088 71,680 N/A
Benefits/Perquisites (6) 14,000 0 0 0 0 N/A
Pension (7) 1,644,234 0 0 0 0 N/A
Total $2,492,278 $327,179 $138,848 $216,430 $115,549 N/A
(1) The values in this table: 1) reflect incremental payments associated with a termination due to death; 2) assume a stock price of
$6.58 (except where otherwise noted); and 3) includes all outstanding grants through the assumed termination date of December
31, 2008.
(2) Mr. Langley terminated his employment with the Company as of March 14, 2008. Please see page 71 of this Proxy Statement for
a discussion of the payments made to Mr. Langley in connection with his termination.
(3) All outstanding stock options that would vest in the event of a termination due to death do not have any intrinsic value as of
December 31, 2008 because the exercise price of these stock options is above the closing market price of our common stock on
December 31, 2008.
(4) For all Named Executive Officers, except Mr. Faraci, the values in this row report the value of unvested shares of restricted stock
that would automatically vest upon a termination due to death. For Mr. Faraci, the value in this row includes 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 54 of this Proxy Statement.
(5) The values in this row reflect a 73% earnout for the 2007 Leadership Stock performance cycle (including dividend equivalents)
and a 0% earnout for the 2008 Leadership Stock performance cycle.
(6) Mr. Perez's estate would be entitled to $14,000 in perquisites, which represents two years of financial counseling services,
valued at $7,000 per year.
(7) The amounts included in this row report the incremental value of pension benefits to which Mr. Perez would have been entitled
assuming he would receive his pension benefit in the form of a lump sum.