Kodak 2009 Annual Report Download - page 227

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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 last date of employment was December 31, 2009, using the closing price of our common stock as of December 31, 2009, which
was $4.22.
A.M.
Perez
F.S.
Sklarsky
P.J.
Faraci
J.P.
Haag
R.L.
Berman
Cash Severance
—
—
—
—
—
Intrinsic Value of Stock Options(2)
$ 0
$ 0
$ 0
$ 0
$ 0
Restricted Stock/RSUs(3)
568,084
216,486
139,374
49,240
67,874
Leadership Stock(4)
682,391
188,676
224,044
84,940
91,469
Benefits/Perquisites(5)
14,000
—
—
—
—
Pension (6)
2,197,284
—
—
—
—
Total
$3,461,759
$405,162
$363,418
$134,180
$159,343
(1) The values in this table: (i) reflect incremental payments associated with a termination due to death; (ii) assume a stock price of
$4.22; and (iii) include all outstanding grants through the assumed last date of employment of December 31, 2009.
(2) All outstanding stock options that would vest in the event of a termination due to death did not have any intrinsic value as of
December 31, 2009 because the exercise prices of these stock options were above the closing market price of our common stock
on December 31, 2009.
(3) The values in this row report the value of unvested shares of Restricted Stock and RSUs that would automatically vest upon a
termination due to death.
(4) The values in this row reflect a 170% earnout for the 2009 Leadership Stock performance cycle.
(5) 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.
(6) 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.