Kodak 2004 Annual Report Download - page 167

Exhibits
58
2 0 0 5 ฀ N O T I C E ฀ O F ฀ A N N U A L ฀ M E E T I N G ฀ A N D ฀ P R O X Y ฀ S T A T E M E N T
2.24฀฀Option฀Proceeds฀฀“Option฀Proceeds”฀means฀the฀cash฀(or฀equivalents)฀received฀by฀the฀Company฀for฀the฀option฀price฀in฀connection฀with฀the฀
exercise฀of฀Stock฀Options฀plus฀the฀maximum฀tax฀benefit฀that฀could฀be฀realized฀by฀the฀Company฀as฀a฀result฀of฀the฀exercise฀of฀such฀Stock฀Options,฀which฀tax฀
benefit฀shall฀be฀determined฀by฀multiplying฀a)฀the฀amount฀that฀is฀deductible฀for฀federal฀income฀tax฀purposes฀as฀a฀result฀of฀any฀such฀Stock฀Option฀exercise,฀
times฀b)฀the฀maximum฀federal฀corporate฀income฀tax฀rate฀for฀the฀year฀of฀exercise.฀To฀the฀extent฀that฀a฀Participant฀pays฀the฀option฀price฀and/or฀withholding฀
taxes฀with฀shares฀of฀Common฀Stock,฀Option฀Proceeds฀shall฀not฀be฀calculated฀with฀respect฀to฀the฀amounts฀so฀paid฀in฀shares฀of฀Common฀Stock.
2.25฀฀Other฀Stock-Based฀Award฀฀“Other฀Stock-Based฀Award”฀means฀the฀unrestricted฀shares,฀deferred฀share฀units฀or฀such฀other฀form฀as฀the฀
Committee฀may฀determine,฀granted฀pursuant฀to฀Article฀11฀of฀the฀Plan.
2.26฀฀Parent฀Company฀฀“Parent฀Company”฀shall฀have฀the฀meaning฀as฀set฀forth฀in฀Section฀2.5.
2.27฀฀Participant฀฀“Participant”฀means฀either฀an฀Employee฀or฀Director฀to฀whom฀an฀Award฀has฀been฀granted฀by฀the฀Committee฀under฀the฀Plan.฀
2.28฀฀Performance฀Awards฀฀“Performance฀Awards”฀means฀the฀equity-฀and฀cash-based฀Awards฀that฀vest฀on฀satisfying฀the฀Performance฀Criteria฀
granted฀pursuant฀to฀Article฀7.
2.29฀฀Performance฀Criteria฀฀“Performance฀Criteria”฀means฀the฀one฀or฀more฀criteria฀that฀the฀Committee฀shall฀select฀for฀a฀Performance฀Cycle.฀฀
2.30฀฀Performance฀Cycle฀฀“Performance฀Cycle”฀means฀the฀one฀or฀more฀periods฀of฀time,฀which฀may฀be฀of฀varying฀and฀overlapping฀durations,฀as฀
the฀Committee฀may฀select,฀over฀which฀the฀attainment฀of฀the฀Performance฀Criteria฀will฀be฀measured฀for฀the฀purpose฀of฀determining฀a฀Participant’s฀right฀to฀
and฀the฀payment฀of฀a฀Performance฀Award.
2.31฀฀Performance฀Formula฀฀“Performance฀Formula”฀means,฀for฀a฀Performance฀Cycle,฀the฀one฀or฀more฀objective฀formulas฀applied฀against฀the฀
relevant฀Performance฀Criteria฀to฀determine,฀with฀regard฀to฀the฀Award฀of฀a฀particular฀Participant,฀whether฀all,฀some฀portion฀but฀less฀than฀all,฀or฀none฀of฀the฀
Award฀has฀been฀earned฀for฀the฀Performance฀Cycle.฀The฀formula฀may฀exclude฀the฀impact฀of฀charges฀for฀restructurings,฀discontinued฀operations,฀extraordi-
nary฀items฀and฀other฀unusual฀or฀non-recurring฀items,฀and฀the฀cumulative฀effects฀of฀accounting฀changes฀each฀as฀defined฀by฀generally฀accepted฀accounting฀
principles฀and฀as฀identified฀in฀the฀financial฀statements,฀notes฀to฀the฀financial฀statements,฀management’s฀discussion฀and฀analysis฀or฀other฀SEC฀filings.
2.32฀฀Plan฀฀“Plan”฀means฀the฀2005฀Omnibus฀Long-Term฀Compensation฀Plan,฀including฀all฀attachments฀thereto.
2.33฀฀Restricted฀Stock฀Award฀฀“Restricted฀Stock฀Award”฀means฀the฀equity-based฀awards฀in฀actual฀shares฀granted฀pursuant฀to฀Article฀10฀of฀the฀
Plan.
2.34฀฀Restricted฀Stock฀Unit฀Award฀฀“Restricted฀Stock฀Unit฀Award”฀means฀the฀equity-based฀awards฀in฀share฀units฀granted฀pursuant฀to฀Article฀
10฀of฀the฀Plan.
2.35฀฀Retirement฀฀“Retirement”฀means,฀in฀the฀case฀of฀a฀Participant฀employed฀by฀Kodak,฀voluntary฀termination฀of฀employment฀on฀or฀after฀age฀55฀
with฀10฀or฀more฀years฀of฀service฀or฀on฀or฀after฀age฀65.฀In฀the฀case฀of฀a฀Participant฀employed฀by฀a฀Subsidiary,฀“Retirement”฀means฀early฀or฀normal฀retire-
ment฀under฀the฀terms฀of฀the฀Subsidiary’s฀retirement฀plan,฀or฀if฀the฀Subsidiary฀does฀not฀have฀a฀retirement฀plan,฀termination฀of฀employment฀on฀or฀after฀age฀
60.฀A฀Participant฀must฀voluntarily฀terminate฀his฀or฀her฀employment฀in฀order฀for฀his฀or฀her฀termination฀of฀employment฀to฀be฀for฀“Retirement.”฀
2.36฀฀SARs฀฀“SARs”฀means฀the฀stock฀appreciation฀rights฀granted฀pursuant฀to฀Article฀9฀of฀the฀Plan.
2.37฀฀Stock฀Option฀฀“Stock฀Option”฀means฀any฀right฀granted฀to฀a฀Participant฀to฀purchase฀Common฀Stock฀at฀such฀price฀or฀prices฀and฀during฀such฀
periods฀established฀pursuant฀to฀Article฀8฀of฀the฀Plan.
2.38฀฀Subsidiary฀฀“Subsidiary”฀means฀a฀corporation฀or฀other฀business฀entity฀in฀which฀Kodak฀directly฀or฀indirectly฀has฀an฀ownership฀interest฀of฀50%฀
or฀more,฀except฀that฀with฀respect฀to฀Incentive฀Stock฀Options,฀“Subsidiary”฀shall฀mean฀“subsidiary฀corporation”฀as฀defined฀in฀Section฀424(f)฀of฀the฀Code.
2.39฀฀Substitute฀Awards฀฀“Substitute฀Awards”฀means฀Awards฀granted฀or฀shares฀issued฀by฀the฀Company฀in฀assumption฀of,฀or฀in฀substitution฀or฀
exchange฀for,฀Awards฀previously฀granted,฀or฀the฀right฀or฀obligation฀to฀make฀future฀awards,฀by฀a฀company฀acquired฀by฀the฀Company฀or฀any฀Subsidiary฀or฀
with฀which฀the฀Company฀or฀any฀Subsidiary฀combines.
2.40฀฀Surviving฀Company฀฀“Surviving฀Company”฀shall฀have฀the฀meaning฀as฀set฀forth฀in฀Section฀2.5.
2.41฀฀Tandem฀SAR฀฀“Tandem฀SAR”฀shall฀have฀the฀meaning฀as฀set฀forth฀in฀Section฀9.1.
2.42฀฀Year฀฀“Year”฀means฀Kodak’s฀fiscal฀year.