Kodak 2004 Annual Report Download - page 166
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57
E A S T M A N K OD A K C O M PA N Y
Notwithstandingtheforegoing,aChangeinControlshallnotbedeemedtooccursolelybecauseanypersonacquiresbeneficialownershipof25%ormore
ofKodakVotingSecuritiesasaresultoftheacquisitionofKodakVotingSecuritiesbyKodakwhichreducesthenumberofKodakVotingSecuritiesout-
standing;providedthatifaftersuchacquisitionbyKodaksuchpersonbecomesthebeneficialownerofadditionalKodakVotingSecuritiesthatincreases
thepercentageofoutstandingKodakVotingSecuritiesbeneficiallyownedbysuchperson,aChangeinControlshallthenoccur.
2.6ChangeinControlPrice“ChangeinControlPrice”means,foreventsdescribedinclause(c)ofthedefinitionofChangeinControl,the
considerationreceivedbyshareholdersoftheCompanyinrespectofashareofCommonStockinconnectionwiththetransaction,or,foreventsdescribed
inclauses(a),(b),(d)or(e)ofthedefinitionofChangeinControl,theaverageoftheclosingpricesforthefive(5)daysprecedingthedateoftheChangein
Control.
2.7Code“Code”meanstheInternalRevenueCodeof1986,asamendedfromtimetotime,includingregulationsthereunderandanysuccessor
provisionsandregulationsthereto.
2.8Committee“Committee”meanstheExecutiveCompensationandDevelopmentCommitteeoftheBoard,orsuchotherBoardcommitteeas
maybedesignatedbytheBoardtoadministerthePlan;providedthattheCommitteeshallconsistofthreeormoredirectors,eachofwhomis:1)an
“independent”directorundertheNewYorkStockExchange’slistingrequirements;2)a“Non-EmployeeDirector”withinthemeaningofRule16b-3under
theExchangeAct;and3)an“outsidedirector”withinthemeaningofSection162(m)oftheCodeandtheapplicableregulationthereunder.However,ifa
memberoftheCommitteedoesnotmeeteachoftheforegoingrequirements,theCommitteemaydelegatesomeorallofitsfunctionsunderthePlantoa
committeeorsubcommitteecomposedofmembersthatmeettherelevantrequirements.Theterm“Committee”includesanysuchcommitteeorsubcom-
mittee,totheextentoftheExecutiveCompensationandDevelopmentCommittee’sdelegation.
2.9CommonStock“CommonStock”meansthecommonstock,$2.50parvaluepershare,ofKodakthatmaybenewlyissuedortreasurystock.
2.10Company“Company”meansKodakanditsSubsidiaries.
2.11CoveredEmployee“CoveredEmployee”meansanEmployeewhoisa“CoveredEmployee”withinthemeaningofSection162(m)ofthe
Code.
2.12Director“Director”meansanon-employeememberoftheBoard.
2.13Disability“Disability”meansadisabilityasdefinedunderthetermsofthelong-termdisabilityplanmaintainedbytheParticipant’semployer,or
intheabsenceofsuchaplan,theKodakLong-TermDisabilityPlan.
2.14EffectiveDate“EffectiveDate”meansthedateanAwardisdeterminedtobeeffectivebytheCommitteeuponitsgrantofsuchAward.
2.15Employee“Employee”meansanypersonemployedbyKodakoranySubsidiaryonafull-orpart-timebasis.
2.16ExchangeAct“ExchangeAct”meanstheSecuritiesandExchangeActof1934,asamendedfromtimetotime,includingrulesthereunder
andanysuccessorprovisionsandrulesthereto.
2.17FairMarketValue“FairMarketValue”meansthemeanofthehighandlowsalespricesofashareofCommonStockonaparticulardate
ontheNewYorkStockExchange.IntheeventthattheCommonStockisnottradedontheNewYorkStockExchangeontherelevantdate,theFairMarket
ValuewillbedeterminedonthenextprecedingdayonwhichtheCommonStockwastraded.
2.18FreestandingSAR“FreestandingSAR”shallhavethemeaningassetforthinSection9.1.
2.19IncentiveStockOptions“IncentiveStockOptions”meansincentivestockoptionswithinthemeaningofSection422oftheCode.
2.20IncumbentDirectors“IncumbentDirectors”meansthepersonswhoweremembersoftheBoardasofJanuary1,2005plus,anyperson
becomingadirectorsubsequenttoJanuary1,2005whoseelectionornominationforelectionwasapprovedbyavoteofatleasttwothirdsoftheIncum-
bentDirectorsthenontheBoard(eitherbyaspecificvoteorbyapprovalfortheProxyStatementofKodakinwhichsuchpersonisnamedasanominee
fordirector,withoutwrittenobjectiontosuchnomination);provided,however,thatnoindividualinitiallyelectedornominatedasadirectorofKodakas
aresultofanactualorthreatenedelectioncontestwithrespecttodirectors(“ElectionContest”)oranyotheractualorthreatenedsolicitationofprox-
iesorconsentsbyoronbehalfofany“person”(assuchtermisdefinedinSection3(a)(9)oftheExchangeAct)otherthantheBoard(“ProxyContest”),
includingbyreasonofanyagreementintendedtoavoidorsettleanyElectionContestorProxyContest,shallbedeemedtobeanIncumbentDirectoruntil
twenty-four(24)monthsaftersuchelection.
2.21IndemnifiedPerson“IndemnifiedPerson”shallhavethemeaningassetforthinSection4.7.
2.22Kodak“Kodak”meansEastmanKodakCompany.
2.23Non-QualifiedOption“Non-QualifiedOption”shallhavethemeaningassetforthinSection8.1.