Kodak 2004 Annual Report Download - page 169

Exhibits
60
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
its฀intent฀to฀assume฀the฀defense,฀Kodak฀shall฀have฀sole฀control฀over฀such฀defense฀with฀counsel฀of฀Kodak’s฀choice.฀The฀foregoing฀right฀of฀indemnification฀
shall฀not฀be฀available฀to฀an฀Indemnified฀Person฀to฀the฀extent฀that฀a฀court฀of฀competent฀jurisdiction฀in฀a฀final฀judgment฀or฀other฀final฀adjudication,฀in฀either฀
case,฀not฀subject฀to฀further฀appeal,฀determines฀that฀the฀acts฀or฀omissions฀of฀such฀Indemnified฀Person฀giving฀rise฀to฀the฀indemnification฀claim฀resulted฀from฀
such฀Indemnified฀Person’s฀bad฀faith,฀fraud฀or฀willful฀criminal฀act฀or฀omission.฀The฀foregoing฀right฀of฀indemnification฀shall฀not฀be฀exclusive฀of฀any฀other฀
rights฀of฀indemnification฀to฀which฀Indemnified฀Persons฀may฀be฀entitled฀under฀the฀Company’s฀Certificate฀of฀Incorporation฀or฀by-laws,฀as฀a฀matter฀of฀law,฀or฀
otherwise,฀or฀any฀other฀power฀that฀the฀Company฀may฀have฀to฀indemnify฀such฀persons฀or฀hold฀them฀harmless.
4.8฀฀Interim฀Decision฀Making฀฀Notwithstanding฀anything฀to฀the฀contrary฀contained฀herein:฀i)฀until฀the฀Board฀shall฀appoint฀the฀members฀of฀the฀
Committee,฀the฀Plan฀shall฀be฀administered฀by฀the฀Board฀and฀ii)฀the฀Board฀may,฀in฀its฀sole฀discretion,฀at฀any฀time฀and฀from฀time฀to฀time,฀grant฀Awards฀or฀
resolve฀to฀administer฀the฀Plan.฀In฀either฀of฀the฀foregoing฀events,฀the฀Board฀shall฀have฀all฀of฀the฀authority฀and฀responsibility฀granted฀to฀the฀Committee฀herein.
ARTICLE฀5฀—฀Form฀of฀Awards
5.1฀฀In฀General฀฀Awards฀may,฀at฀the฀Committee’s฀sole฀discretion,฀be฀paid฀in฀the฀form฀of฀Performance฀Awards฀pursuant฀to฀Article฀7,฀Stock฀Options฀
pursuant฀to฀Article฀8,฀SARs฀pursuant฀to฀Article฀9,฀Restricted฀Stock฀Awards฀and฀Restricted฀Stock฀Unit฀Awards฀pursuant฀to฀Article฀10,฀Other฀Stock-Based฀
Awards฀pursuant฀to฀Article฀11฀and฀any฀form฀established฀by฀the฀Committee฀pursuant฀to฀Subsection฀4.2(o),฀or฀a฀combination฀thereof.฀All฀Awards฀shall฀be฀
subject฀to฀the฀terms,฀conditions,฀restrictions฀and฀limitations฀of฀the฀Plan.฀The฀Committee฀may,฀in฀its฀sole฀judgment,฀subject฀an฀Award฀to฀such฀other฀terms,฀
conditions,฀restrictions฀and/or฀limitations฀(including,฀but฀not฀limited฀to,฀the฀time฀and฀conditions฀of฀exercise฀and฀restrictions฀on฀transferability,฀termination฀
and฀vesting),฀provided฀that฀they฀are฀not฀inconsistent฀with฀the฀terms฀of฀the฀Plan.฀Awards฀under฀a฀particular฀Article฀of฀the฀Plan฀need฀not฀be฀uniform฀and฀
Awards฀under฀two฀or฀more฀Articles฀may฀be฀combined฀into฀a฀single฀Award฀Notice.฀Any฀combination฀of฀Awards฀may฀be฀granted฀at฀one฀time฀and฀on฀more฀
than฀one฀occasion฀to฀the฀same฀Participant.฀For฀purposes฀of฀the฀Plan,฀the฀value฀of฀any฀Award฀granted฀in฀the฀form฀of฀Common฀Stock฀shall฀be฀the฀Fair฀Market฀
Value฀as฀of฀the฀grant’s฀Effective฀Date.
5.2฀฀Foreign฀Jurisdictions฀฀a)฀Special฀Terms.฀In฀order฀to฀facilitate฀the฀making฀of฀any฀Award฀to฀Participants฀who฀are฀employed฀by฀the฀Company฀
outside฀the฀United฀States฀(or฀who฀are฀foreign฀nationals฀temporarily฀within฀the฀United฀States),฀the฀Committee฀may฀provide฀for฀such฀modifications฀and฀
additional฀terms฀and฀conditions฀(“special฀terms”)฀in฀Awards฀as฀the฀Committee฀may฀consider฀necessary฀or฀appropriate฀to฀accommodate฀differences฀in฀
local฀law,฀policy฀or฀custom฀or฀to฀facilitate฀administration฀of฀the฀Plan.฀The฀special฀terms฀may฀provide฀that฀the฀grant฀of฀an฀Award฀is฀subject฀to:฀1)฀applicable฀
governmental฀or฀regulatory฀approval฀or฀other฀compliance฀with฀local฀legal฀requirements฀and/or฀2)฀the฀execution฀by฀the฀Participant฀of฀a฀written฀instrument฀in฀
the฀form฀specified฀by฀the฀Committee,฀and฀that฀in฀the฀event฀such฀conditions฀are฀not฀satisfied,฀the฀grant฀shall฀be฀void.฀The฀Committee฀may฀adopt฀or฀approve฀
sub-plans,฀appendices฀or฀supplements฀to,฀or฀amendments,฀restatements฀or฀alternative฀versions฀of,฀the฀Plan฀as฀it฀may฀consider฀necessary฀or฀appropriate฀for฀
purposes฀of฀implementing฀any฀special฀terms,฀without฀thereby฀affecting฀the฀terms฀of฀the฀Plan฀as฀in฀effect฀for฀any฀other฀purpose;฀provided,฀however,฀no฀such฀
sub-plans,฀appendices฀or฀supplements฀to,฀or฀amendments,฀restatements฀or฀alternative฀versions฀of,฀the฀Plan฀shall:฀a)฀increase฀the฀limitations฀contained฀in฀
Sections฀7.5,฀8.6฀and฀9.5,฀b)฀increase฀the฀number฀of฀available฀shares฀under฀Section฀6.1฀or฀c)฀cause฀the฀Plan฀to฀cease฀to฀satisfy฀any฀conditions฀of฀Rule฀16b-
3฀under฀the฀Exchange฀Act฀or,฀with฀respect฀to฀Covered฀Employees,฀Section฀162(m)฀of฀the฀Code.
b)฀Currency฀Effects.฀Unless฀otherwise฀specifically฀determined฀by฀the฀Committee,฀all฀Awards฀and฀payments฀pursuant฀to฀such฀Awards฀shall฀be฀determined฀
in฀U.S.฀currency.฀The฀Committee฀shall฀determine,฀in฀its฀discretion,฀whether฀and฀to฀the฀extent฀any฀payments฀made฀pursuant฀to฀an฀Award฀shall฀be฀made฀in฀
local฀currency,฀as฀opposed฀to฀U.S.฀dollars.฀In฀the฀event฀payments฀are฀made฀in฀local฀currency,฀the฀Committee฀may฀determine,฀in฀its฀discretion฀and฀without฀
liability฀to฀any฀Participant,฀the฀method฀and฀rate฀of฀converting฀the฀payment฀into฀local฀currency.
c)฀Modifications฀to฀Awards.฀The฀Committee฀shall฀have฀the฀right฀at฀any฀time฀and฀from฀time฀to฀time฀and฀without฀prior฀notice฀to฀modify฀outstanding฀Awards฀
to฀comply฀with฀or฀satisfy฀local฀laws฀and฀regulations,฀to฀avoid฀costly฀governmental฀filings฀or฀to฀implement฀administrative฀changes฀to฀the฀Plan฀that฀are฀
deemed฀necessary฀or฀advisable฀by฀the฀Committee฀for฀compliance฀with฀laws.฀By฀means฀of฀illustration฀but฀not฀limitation,฀the฀Committee฀may฀restrict฀the฀
method฀of฀exercise฀of฀an฀Award฀to฀avoid฀securities฀laws฀or฀exchange฀control฀filings,฀laws฀or฀regulations.
d)฀Acquired฀Rights.฀No฀Employee฀in฀any฀country฀shall฀have฀any฀right฀to฀receive฀an฀Award,฀except฀as฀expressly฀provided฀for฀under฀the฀Plan.฀All฀Awards฀
made฀at฀any฀time฀are฀subject฀to฀the฀prior฀approval฀of฀the฀Committee.
ARTICLE฀6฀—฀Shares฀Subject฀to฀Plan
6.1฀฀Available฀Shares฀฀a)฀Aggregate฀Limits.฀The฀aggregate฀number฀of฀shares฀of฀the฀Company’s฀Common฀Stock฀that฀shall฀be฀available฀for฀grant฀
under฀this฀Plan฀shall฀be฀eleven฀million฀(11,000,000),฀plus฀any฀shares฀subject฀to฀awards฀made฀under฀the฀1990฀Omnibus฀Long-Term฀Compensation฀Plan,฀the฀
1995฀Omnibus฀Long-Term฀Compensation฀Plan฀and฀the฀2000฀Omnibus฀Long-Term฀Compensation฀Plan,฀in฀each฀case฀that฀are฀outstanding฀upon฀the฀expira-
tion฀of฀such฀plan฀and฀become฀available฀pursuant฀to฀Section฀6.1(b).฀The฀aggregate฀number฀of฀shares฀available฀for฀grant฀under฀this฀Plan฀and฀the฀number฀of฀
shares฀subject฀to฀outstanding฀Awards฀shall฀be฀subject฀to฀adjustment฀as฀provided฀by฀Section฀6.2.฀The฀shares฀issued฀pursuant฀to฀Awards฀granted฀under฀this฀
Plan฀may฀be฀shares฀that฀either฀were฀reacquired฀by฀the฀Company,฀including฀shares฀purchased฀in฀the฀open฀market,฀or฀authorized฀but฀unissued฀shares.
b)฀For฀purpose฀of฀this฀Section฀6.1,฀the฀aggregate฀number฀of฀shares฀available฀for฀Awards฀under฀this฀Plan฀shall฀be฀increased฀by,฀i)฀shares฀subject฀to฀Awards฀
that฀have฀been฀cancelled,฀expired,฀forfeited฀or฀settled฀in฀cash,฀without฀the฀issuance฀of฀substitute฀shares,฀ii)฀shares฀subject฀to฀Awards฀that฀have฀been฀