EK » Topics » Other Benefits

This excerpt taken from the EK DEF 14A filed Apr 2, 2009.

Other Benefits

The Company reimburses its directors for travel expenses incurred in connection with attending Board, committee and shareholder meetings and other Company-sponsored events, and provides Company transportation to the directors (including use of Company aircraft) to attend such meetings and events. From time to time, we also invite our directors’ spouses, significant others and other family members to accompany them to these meetings and events, and we reimburse travel and incidental expenses related to their attendance, in order to encourage attendance and to foster social interaction among directors. To encourage our directors to experience and familiarize themselves with our products and services, we occasionally provide them samples of the Company’s products and services.

This excerpt taken from the EK DEF 14A filed Apr 2, 2008.

Other Benefits

The Company reimburses the directors for travel expenses incurred in connection with attending Board, committee and shareholder meetings and other Company-sponsored events, and provides Company transportation to the directors (including use of Company aircraft) to attend such meetings and events. From time to time, we also invite our directors’ spouses, significant others and other family members to accompany them to these meetings and events, and we reimburse travel and incidental expenses related to their attendance, in order to encourage attendance and to foster social interaction among directors. To encourage our directors to experience and familiarize themselves with our products and services, we occasionally provide them samples of the Company’s products and services.

This excerpt taken from the EK 10-K filed Feb 27, 2008.
Other Benefits. The Company reimburses the directors for travel expenses incurred in connection with attending Board, committee and shareholder meetings and other Company-sponsored events, and provides Company transportation to the directors (including use of Company aircraft) to attend such meetings and events. From time to time, we also invite our directors’ spouses and other family members to accompany them to these meetings and events, and we reimburse travel and incidental expenses related to their attendance, in order to encourage attendance and to foster social interaction among directors. To encourage our directors to experience and familiarize themselves with our products and services, we occasionally provide them samples of the Company’s products and services.

This excerpt taken from the EK 10-K filed Mar 1, 2007.

3.     Other Benefits

A.       In General. Kodak will provide you with the following benefits, subject to your satisfaction of the terms of this Section 3:
 
i.       if, before June 1, 2007, you terminate employment as a result of a Disability (as defined above) or Kodak terminates your employment for reasons other than “Cause” (as defined above) without offering you a reasonably comparable position commensurate with your experience and background, Kodak will pay you $680,000;
 
ii. if, on or after June 1, 2007 and before June 1, 2008, you terminate employment as a result of a Disability (as defined above) or Kodak terminates your employment for reasons other than “Cause” (as defined above) without offering you a reasonably comparable position commensurate with your experience and background, Kodak will pay you $320,000;
 
iii. if your employment terminates on or after June 1, 2008 for any reason, Kodak will not make any payment to you under this Section 3.
 

In no event will any benefits paid under this Section 3 be “benefits bearing,” as defined above.

 
B. Payment. The amount of the benefits, if any, payable to you pursuant to this Section 3 will: (i) be paid in the form of a lump sum payment within 60 days after your termination of employment; (ii) be paid out of Kodak’s general assets; (iii) not be funded in any manner; and (iv) be included in your gross income as ordinary income, subject to all income, payroll and employment tax withholdings required to be made under all applicable federal, state and local law or regulation.

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Ms. Mary Jane Hellyar
August 14, 2006

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