Kodak 2009 Annual Report Download - page 219

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SUPPLEMENTAL INDIVIDUAL RETIREMENT ARRANGEMENTS
Antonio M. Perez
Mr. Perez is eligible for a supplemental unfunded retirement benefit under the terms of his March 3, 2003, February 27, 2007, December 9,
2008 and September 28, 2009 letter agreements. Under these agreements, because Mr. Perez has been employed for at least three
years, he will be treated as if eligible for the traditional defined benefit component of KRIP. For this purpose, he will be considered to have
completed eight years of service with the Company and attained age 65. If, instead, Mr. Perez actually remains employed until age 65 (i.e.,
until November 8, 2010), he will be considered to have completed 25 years of service with the Company. For employment on and after
December 1, 2010, Mr. Perez will receive one month of service credit for each month of employment. Mr. Perez’s supplemental retirement
benefit will be offset by his cash balance benefit under KRIP, KERIP and KURIP, and any Company matching contributions contributed to
his account under SIP. Mr. Perez will receive his supplemental retirement benefit in a lump sum after the six-month waiting period required
for compliance under Section 409A.
Frank S. Sklarsky
In addition to the benefit Mr. Sklarsky may be eligible for under the cash balance component of KRIP, he is covered under a supplemental
unfunded retirement benefit under the terms of his letter agreements dated September 19, 2006 and September 26, 2006. Under these
agreements, the Company established a phantom cash balance account on behalf of Mr. Sklarsky. The Company agreed to credit the
account by $100,000 each year for up to five years, beginning October 30, 2007. Any amounts credited to this account will earn interest at
the same interest rate that amounts accrue interest under the cash balance benefit. In order to receive any of the amounts credited to this
account, Mr. Sklarsky must remain continuously employed for at least five years unless the Company terminates his employment for a
reason other than cause. Upon termination of employment, any vested amount will be payable in a lump sum after the six-month waiting
period required for compliance under Section 409A.
Philip J. Faraci
Mr. Faraci is eligible for a supplemental unfunded retirement benefit under the terms of his November 3, 2004, February 28, 2007 and
December 9, 2008 letter agreements. Under these agreements, he is eligible to receive an extra 1.5 years of credited service for each year
he is employed, up to a maximum of 20 years of enhanced credited service. Because Mr. Faraci was employed for five years on December
6, 2009, he will be treated as if he is eligible for the traditional defined benefit component of KRIP and will be considered to have
completed 12.5 years of service with the Company. If he remains employed for 12 years, he will be considered to have completed 30 years
of service with the Company. Mr. Faraci’s supplemental retirement benefit will be offset by his cash balance benefit under KRIP, KERIP
and KURIP, any Company matching contributions contributed to his account under SIP and any retirement benefits provided to him
pursuant to the retirement plan of any former employer. Mr. Faraci he will receive his supplemental retirement benefit in a lump sum after
the six-month waiting period required for compliance under Section 409A.
Joyce P. Haag
Ms. Haag does not have a letter agreement with the Company. She has no supplemental retirement benefits.
Robert L. Berman
Mr. Berman does not have a letter agreement with the Company. He has no supplemental retirement benefits.
Former Executive: Mary Jane Hellyar
Ms. Hellyar’s August 18, 2006 letter agreement did not provide supplemental retirement benefits.