Kodak 2008 Annual Report Download - page 152

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Name
Transportation
(a)
Company
Sponsored
Events
(b)
Company
Samples of
Products &
Services Total
Richard S. Braddock $26,115 $5,068 $1,259 $32,442
Timothy M. Donahue 920 2,671 760 4,351
Michael J. Hawley 17,705 4,640 1,126 23,471
William H. Hernandez 02,048 1,126 3,174
Douglas R. Lebda 26,112 3,974 1,126 31,212
Debra L. Lee 27,898 5,211 1,366 34,475
Delano E. Lewis 19,256 4,701 1,126 25,083
William G. Parrett 834 6,015 1,126 7,975
Hector de J. Ruiz 00 760 760
Dennis F. Strigl 00 1,686 1,686
Laura D’Andrea Tyson 00 760 760
(a) The amounts in this column include transportation expenses the Company paid for the director and his/her spouse/guest to
attend one or more events which the Company sponsored for promotional purposes.
(b) The amounts in this column include all other expenses, e.g., meals, tickets and Kodak apparel, that the Company paid for the
director and his/her spouse/guest, relating to one or more events which the Company sponsored for promotional purposes.
Deferred Compensation
Non-employee directors may defer some or all of their Board retainer, chair retainer, presiding director retainer and restricted stock award
into the Directors’ Deferred Compensation Plan. The plan has two investment options: an interest-bearing account that pays interest at the
prime rate and a Kodak phantom stock account. The value of the Kodak phantom stock account reflects changes in the market price of the
common stock and dividends paid. Five directors deferred compensation in 2008. In the event of a change-in-control, the amounts in the
phantom accounts will generally be paid in a single cash payment. The plan’s benefits are neither funded nor secured.
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.
Charitable Award Program
This program, which was closed to new participants effective January 1, 1997, provides for a contribution by the Company of up to a total
of $1,000,000 following a director’s death, to be shared by a maximum of four charitable institutions recommended by the director. The
individual directors derive no financial benefits from this program. It is funded by self-insurance and joint life insurance policies purchased
by the Company. Mr. Braddock is the only current director who continues to participate in the program.