Kodak 2010 Annual Report Download - page 194
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68
Severance Payments Table
The table below estimates the incremental amounts payable upon a termination of employment by the Company under various
circumstances as if the Named Executive Officer’s last date of employment was December 31, 2010, using the closing price of our
common stock as of December 31, 2010, which was $5.36, and including all outstanding grants through the assumed last date of
employment of December 31, 2010.
Involuntary
Termination
Without Cause
Termination
Based on
Disability
Termination
Due to Death
Voluntary
Termination
With Good
Reason(1)
Termination
Due to a Change
in Control(2)
A.M. Perez
Cash Severance(3)
$5,610,000
—
—
$5,610,000
$8,415,000
Intrinsic Value of Stock Options(4)
410,000
$410,000
$410,000
410,000
410,000
Restricted Stock/RSUs(5)
1,907,266
1,907,266
1,907,266
1,907,266
6,121,714
Leadership Stock(6)
1,297,275
1,297,275
1,297,275
1,297,275
2,183,494
Benefits/Perquisites(7)
20,419
14,000
14,000
20,329
15,110
Pension(8)
—
—
—
—
—
Excise Tax Gross-Up(9)
—
—
—
—
—
Total
$9,244,960
$3,628,541
$3,628,541
$9,244,870
$17,145,318
A.P. McCorvey
Cash Severance(3)
$249,009
—
—
—
$2,362,500
Intrinsic Value of Stock Options(4)
4,650
$4,650
$4,650
—
4,650
Restricted Stock/RSUs(5)
153,743
153,743
153,743
—
230,745
Leadership Stock(6)
27,318
27,318
27,318
—
27,318
Benefits/Perquisites(7)
11,436
—
—
—
13,189
Pension(8)
—
—
—
—
62,714
Excise Tax Gross-Up(9)
—
—
—
—
—
Total
$446,156
$185,711
$185,711
—
$2,701,116
P.J. Faraci
Cash Severance(3)
$223,354
—
—
—
$3,885,000
Intrinsic Value of Stock Options(4)
246,000
$246,000
$246,000
—
246,000
Restricted Stock/RSUs(5)
628,621
628,621
628,621
—
2,012,305
Leadership Stock(6)
284,568
284,568
284,568
—
284,568
Benefits/Perquisites(7)
9,152
—
—
—
15,942
Pension(8)
—
—
—
—
666,429
Excise Tax Gross-Up(9)
—
—
—
—
2,485,375
Total
$1,391,695
$1,159,189
$1,159,189
—
$9,595,619