Kodak 2004 Annual Report Download - page 167
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Please find page 167 of the 2004 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Exhibits
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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
2.24OptionProceeds“OptionProceeds”meansthecash(orequivalents)receivedbytheCompanyfortheoptionpriceinconnectionwiththe
exerciseofStockOptionsplusthemaximumtaxbenefitthatcouldberealizedbytheCompanyasaresultoftheexerciseofsuchStockOptions,whichtax
benefitshallbedeterminedbymultiplyinga)theamountthatisdeductibleforfederalincometaxpurposesasaresultofanysuchStockOptionexercise,
timesb)themaximumfederalcorporateincometaxratefortheyearofexercise.TotheextentthataParticipantpaystheoptionpriceand/orwithholding
taxeswithsharesofCommonStock,OptionProceedsshallnotbecalculatedwithrespecttotheamountssopaidinsharesofCommonStock.
2.25OtherStock-BasedAward“OtherStock-BasedAward”meanstheunrestrictedshares,deferredshareunitsorsuchotherformasthe
Committeemaydetermine,grantedpursuanttoArticle11ofthePlan.
2.26ParentCompany“ParentCompany”shallhavethemeaningassetforthinSection2.5.
2.27Participant“Participant”meanseitheranEmployeeorDirectortowhomanAwardhasbeengrantedbytheCommitteeunderthePlan.
2.28PerformanceAwards“PerformanceAwards”meanstheequity-andcash-basedAwardsthatvestonsatisfyingthePerformanceCriteria
grantedpursuanttoArticle7.
2.29PerformanceCriteria“PerformanceCriteria”meanstheoneormorecriteriathattheCommitteeshallselectforaPerformanceCycle.
2.30PerformanceCycle“PerformanceCycle”meanstheoneormoreperiodsoftime,whichmaybeofvaryingandoverlappingdurations,as
theCommitteemayselect,overwhichtheattainmentofthePerformanceCriteriawillbemeasuredforthepurposeofdeterminingaParticipant’srightto
andthepaymentofaPerformanceAward.
2.31PerformanceFormula“PerformanceFormula”means,foraPerformanceCycle,theoneormoreobjectiveformulasappliedagainstthe
relevantPerformanceCriteriatodetermine,withregardtotheAwardofaparticularParticipant,whetherall,someportionbutlessthanall,ornoneofthe
AwardhasbeenearnedforthePerformanceCycle.Theformulamayexcludetheimpactofchargesforrestructurings,discontinuedoperations,extraordi-
naryitemsandotherunusualornon-recurringitems,andthecumulativeeffectsofaccountingchangeseachasdefinedbygenerallyacceptedaccounting
principlesandasidentifiedinthefinancialstatements,notestothefinancialstatements,management’sdiscussionandanalysisorotherSECfilings.
2.32Plan“Plan”meansthe2005OmnibusLong-TermCompensationPlan,includingallattachmentsthereto.
2.33RestrictedStockAward“RestrictedStockAward”meanstheequity-basedawardsinactualsharesgrantedpursuanttoArticle10ofthe
Plan.
2.34RestrictedStockUnitAward“RestrictedStockUnitAward”meanstheequity-basedawardsinshareunitsgrantedpursuanttoArticle
10ofthePlan.
2.35Retirement“Retirement”means,inthecaseofaParticipantemployedbyKodak,voluntaryterminationofemploymentonorafterage55
with10ormoreyearsofserviceoronorafterage65.InthecaseofaParticipantemployedbyaSubsidiary,“Retirement”meansearlyornormalretire-
mentunderthetermsoftheSubsidiary’sretirementplan,oriftheSubsidiarydoesnothavearetirementplan,terminationofemploymentonorafterage
60.AParticipantmustvoluntarilyterminatehisorheremploymentinorderforhisorherterminationofemploymenttobefor“Retirement.”
2.36SARs“SARs”meansthestockappreciationrightsgrantedpursuanttoArticle9ofthePlan.
2.37StockOption“StockOption”meansanyrightgrantedtoaParticipanttopurchaseCommonStockatsuchpriceorpricesandduringsuch
periodsestablishedpursuanttoArticle8ofthePlan.
2.38Subsidiary“Subsidiary”meansacorporationorotherbusinessentityinwhichKodakdirectlyorindirectlyhasanownershipinterestof50%
ormore,exceptthatwithrespecttoIncentiveStockOptions,“Subsidiary”shallmean“subsidiarycorporation”asdefinedinSection424(f)oftheCode.
2.39SubstituteAwards“SubstituteAwards”meansAwardsgrantedorsharesissuedbytheCompanyinassumptionof,orinsubstitutionor
exchangefor,Awardspreviouslygranted,ortherightorobligationtomakefutureawards,byacompanyacquiredbytheCompanyoranySubsidiaryor
withwhichtheCompanyoranySubsidiarycombines.
2.40SurvivingCompany“SurvivingCompany”shallhavethemeaningassetforthinSection2.5.
2.41TandemSAR“TandemSAR”shallhavethemeaningassetforthinSection9.1.
2.42Year“Year”meansKodak’sfiscalyear.