Kodak 2009 Annual Report Download - page 220

76
NON-QUALIFIED DEFERRED COMPENSATION FOR 2009
Name
Plan Name
Executive
Contributions
($)
Registrant
Contributions
($)
Aggregate
Earnings
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Year End
($)
Salary Deferral
$33,289(1)
—
$ 13,152(2)
—
$ 417,692(3)
EDCP
—
—
37,924(2)
$ 0
1,187,547(4)
A.M. Perez
Deferred Stock Units
—
—
(223,719)(5)
—
400,040
F.S. Sklarsky
N/A
—
—
—
—
N/A
P.J. Faraci
N/A
—
—
—
—
N/A
J.P. Haag
EDCP
—
—
9,646(2)
383,045
174,743(6)
EDCP
—
—
13,704(2)
986,497
17,115(7)
R.L. Berman
Deferred Stock Units
—
—
(8,203)(5)
—
14,668
Former Executive
M.J. Hellyar
EDCP
—
—
6,567(2)
—
205,632(8)
(1) This amount represents a salary deferral of $33,289, which is included in the base salary earned by Mr. Perez as reported in the
Summary Compensation Table for fiscal 2009.
(2) This amount represents interest earned during fiscal 2009 with no above-market interest.
(3) This amount includes the 2007 salary deferral of $96,169 and above-market interest of $4,455, and the 2008 salary deferral of
$96,169 and above-market interest of $743 (these amounts were also reported in the Summary Compensation Table for fiscal
2007 and 2008).
(4) This amount includes the 2007 above-market interest of $23,637 and the 2008 above-market interest of $2,985 (these amounts
are also reported in the Summary Compensation Table for fiscal 2007 and 2008).
(5) Reflects losses attributable to declines in Kodak's stock price during fiscal 2009 (i.e. the closing price of $6.58 as of December 31,
2008 vs. the closing price of $4.22 as of December 31, 2009).
(6) There is no above-market interest for 2009.
(7) This amount includes the 2008 above-market interest of $2,571 (this amount is also reported in the Summary Compensation Table
for fiscal 2008).
(8) This amount includes 2007 above-market interest of $4,093 and the 2008 above-market interest of $517 (these amounts are also
reported in the Summary Compensation Table for fiscal 2007 and 2008).
Executive Deferred Compensation Plan
The Company has maintained the Eastman Kodak Company 1982 Executive Deferred Compensation Plan (EDCP) for executives who
participated in the plan prior to 2007. In 2009, the Committee froze the receipt of new monies into the plan, due to its low utilization and its
administrative cost. Prior to 2009, the Committee had made annual decisions to freeze the receipt of new monies in both 2007 and 2008.
The plan’s benefits are neither funded nor secured.
After the period of fixed deferment, any account balance may be paid in a cash lump-sum payment as soon as administratively possible
coincident with a pay cycle in September, after the account is valued in August following the end of the deferment. Upon termination of
employment, for amounts not subject to Section 409A, the Committee has the sole discretion to pay such amounts in a lump sum or in
annual installments, not to exceed 10 annual installments. For amounts subject to Section 409A , most Named Executive Officers elected
to be paid in a lump sum or in installments, provided that payments begin no later than when the executive reaches age 71. If an executive
has not filed an election, then any amounts subject to Section 409A will be paid in a lump sum. Any amounts subject to Section 409A are
subject to a further six-month waiting period following termination of employment in order to ensure compliance with Section 409A.
Withdrawals prior to termination of employment are not permitted under the plan except in cases of severe financial hardship not within the
executive’s control, although amounts not subject to Section 409A may be withdrawn by an executive prior to termination of employment,
provided that 10% of the amount withdrawn will be forfeited by the executive.