Kodak 2009 Annual Report Download - page 179

35
The following table reports the outstanding Stock Option awards held by each of the non-employee directors at the end of fiscal year 2009:
Aggregate Stock Options Outstanding at Fiscal Year End
Name
Unvested
Vested
Richard S. Braddock
18,180
40,300
Herald Y. Chen
18,180
0
Adam H. Clammer
18,180
0
Timothy M. Donahue
18,180
40,300
Michael J. Hawley
18,180
32,300
William H. Hernandez
18,180
34,300
Douglas R. Lebda
18,180
27,800
Debra L. Lee
18,180
40,300
Delano E. Lewis
18,180
40,300
William G. Parrett
18,180
27,800
Joel Seligman
18,180
0
Dennis F. Strigl
18,180
18,180
Laura D’Andrea Tyson
18,180
40,300
(4) No above-market interest was earned under the Directors’ Deferred Compensation Plan in 2009.
(5) The amounts in this column include the following perquisites and other benefits provided to directors in 2009: For Mr. Braddock,
the amount includes $270 for transportation and $55 for samples of Company products and services. For Mr. Chen and
Mr. Clammer, the amount includes $970 each for samples of Company products and services. For Mr. Lebda, the amount
includes $25 for samples of Company products and services. For Ms. Lee, the amount includes $40 for samples of Company
products and services. For Mr. Lewis, the amount includes $50 for samples of Company products and services. For Mr. Parrett,
the amount includes $123 for samples of Company products and services. For Mr. Seligman, the amount includes $1,230 for
samples of Company products and services.
Deferred Compensation
Non-employee directors may defer some or all of their 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 2009. 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.
Other Benefits
The Company reimburses its directors for travel expenses incurred in connection with attending Board, Committee and shareholder
meetings and other Board business events, and provides Company transportation to the directors (including use of Company aircraft) to
attend such meetings and events. To encourage our directors to experience and familiarize themselves with our products and services, we
occasionally provide them samples of the Company’s products and services.
Charitable Award Program
This program, which was closed to new participants effective January 1, 1997, provides for a contribution by the Company of up to a total
of $1 million following a director’s death, to be shared by a maximum of four charitable institutions recommended by the director. The
individual directors derive no financial benefits from this program. It is funded by self-insurance and joint life insurance policies purchased
by the Company. Mr. Braddock is the only current director who continues to participate in the program.