Waiver of Gross-Up Payment Agreement between Eastman Kodak Company and Antoinette P. McCorvey
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Summary
Eastman Kodak Company and Antoinette P. McCorvey have agreed that, upon her appointment as Chief Financial Officer and Senior Vice President effective November 5, 2010, Ms. McCorvey will waive her right to receive a Gross-Up Payment as described in the company's Executive Protection Plan. By signing this letter, Ms. McCorvey formally accepts this condition as part of her new role.
EX-10.25 3 exhibit1025.htm EXHIBIT (10.25) exhibit1025.htm
Exhibit (10.25)
October 11, 2010
Ms. Antoinette P. McCorvey
(address intentionally omitted)
Dear Ann,
This letter is to confirm that, in connection with your election as Chief Financial Officer and Senior Vice President of Eastman Kodak Company, effective November 5, 2010, you agree to waive any and all rights to receive the Gross-Up Payment as defined and described in Exhibit D of the Eastman Kodak Company Executive Protection Plan.
Please indicate your acceptance of the terms of this letter by signing below and returning the original of this letter to me.
Sincerely,
/s/ Robert L. Berman
Robert L. Berman
Chief Human Resources Officer
Eastman Kodak Company
Agreed:
/s/ Antoinette P. McCorvey
Antoinette P. McCorvey
