Kodak 2013 Annual Report Download - page 152
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4. Your Compensation
(a) Salary. You will receive an annual base salary (your “ Salary ”). Commencing on the Effective Date, your Salary will be the amount
set forth in your Schedule. Your Salary will be paid in accordance with the Company’s normal payroll practices.
(b) Annual Incentive . You will be eligible to participate in the Company’s short-term variable pay plan for its management level
employees, known as Executive Compensation for Excellence and Leadership (“ EXCEL ”) (your “ Annual Incentive ”). Your annual target
award under EXCEL will be determined in accordance with your Schedule. Any actual award in a given annual performance period will
depend upon performance against corporate goals selected by management and approved by the appropriate committee of the Board and will be
paid in the discretion of such committee and management. The terms of the EXCEL plan itself govern and control all interpretations of the
plan.
(c) Long-Term Incentive Awards . You will be eligible to participate in the Company’s Long-Term Incentive (LTI) program under the
Eastman Kodak Company 2013 Omnibus Incentive Plan (the “ Omnibus Plan ”). The amount and form of the award (the “ Long-Term Equity
Award
”) to be granted to you will be determined by the Company in accordance with the terms of the Omnibus Plan and your Schedule. The
specific terms, conditions and restrictions on any Long-Term Equity Award will be contained in the Administrative Guide and Award Notice
delivered to you within twenty (20) business days of the grant date.
(d) Emergence Award. On or shortly after the Effective Date, you will be granted the emergence equity award stated in your Schedule,
which will be subject to the terms and conditions set forth in the Omnibus Plan and the applicable award agreement.
5. Your Benefits
(a) Employee Benefit Plans . During your employment, you will be entitled to participate in the Company’s employee benefit plans,
including plans that provide retirement and welfare benefits.
(b) Vacation . You will be entitled to paid annual vacation on the same basis as immediately prior to the Effective Date.
(c) Additional Benefits . During your employment, you will be provided any additional benefits stated in your Schedule.
6. Termination of Your Employment; End of Scheduled Term
(a) No Reason Required . Neither you nor the Company is under any obligation to continue your employment beyond the Scheduled
Term. In addition, you or the Company may terminate your employment early at any time for any reason, or for no reason, subject to
compliance with Section 6(c).
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