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Performance Incentive Plan

 EXHIBIT 10.36 
 Corning Incorporated 
 Performance Incentive Plan 
  

	1.	PURPOSE 

 The purpose of the Corning Incorporated
Performance Incentive Plan (the “Plan”) is to motivate and reward the performance of key employees of Corning Incorporated (“Corning” or the “Corporation”). 
  

	2.	EFFECTIVE DATE AND TERM 

 The Plan shall be effective for
Corning’s 2008 fiscal year and each subsequent fiscal year thereafter until terminated by the Corporation. 
  

	3.	PARTICIPANTS 

 The Corporation shall designate which
employees are eligible to participate in the Plan. The Corporation reserves, in its sole discretion, the right to remove participants from the Plan, and participation in one year does not guarantee participation in subsequent years. 
  

	4.	COMMITTEE ADMINISTRATION 

 The Plan shall be administered
by a committee appointed by the Corporation’s Board of Directors (the “Committee”). The Committee shall have the sole authority and discretion to administer, interpret and establish rules for the Plan. Such authority shall include
selection of the performance criteria for any applicable fiscal year and the individual participants. Decisions of the Committee shall be final, conclusive and binding on all parties including the Corporation, its stockholders and participants, and
their personal representatives, beneficiaries and heirs. 
  

	5.	PERFORMANCE CRITERIA 

 The Plan is a cash bonus plan
designed to reward employees for meeting key business objectives. Each year, the Corporation will establish performance measures for that year. Performance measures are based on a combination of corporate financial performance and
individual/business unit performance. Throughout the year, employees and departments will be provided with information as to their progress towards plan performance measures. 
  

	6.	PAYMENTS 

 After each fiscal year, the Committee shall ascertain an individual’s, department’s or business unit’s actual performance versus the pre-established performance measures. Based on this analysis, the Committee shall determine,
in its sole discretion, the appropriate award to pay each participant (if any). Plan payments are targeted as a percentage of the participant’s year-end eligible pay. The Committee, in its sole discretion, may reduce the amount of payment below
that determined using the applicable performance criteria or formulae for a given participant. Payments will be made in lump sum cash payment and will be paid after the end of the fiscal year for which the award is being paid but before
March 15th of the year following the fiscal year for which the award is being paid. 
  

	7.	PAYMENT DEFERRALS 

 Notwithstanding the forgoing, the
Committee may mandate and/or permit the deferral of all or a portion of any payment earned under the Plan. All such deferrals shall be made under a deferred compensation plan of the Corporation that satisfies the requirements of Section 409A of
the Internal Revenue Code of 1986, as amended (“Section 409A”). In the event the Committee mandates and/or permits the deferral of all or a portion of any payment earned under the Plan that results in a deferral of compensation subject to
Section 409A, such arrangement shall comply with the requirements of Section 409A, including the requirements for electing any permissive deferrals, and shall be evidenced by a written deferred compensation agreement with the Participant.

  

	8.	AMENDMENT; TERMINATION 

 The Corporation may, in its sole
discretion, amend, modify or terminate the Plan at any time. 
  

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	9.	NO TRUST 

 The Plan shall not create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Corporation and any affiliate and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Corporation or any
affiliate pursuant to this Plan, such right shall not be greater than the right of any unsecured general creditor of the Corporation or of any affiliate. 
  

	10.	EMPLOYMENT RIGHT 

 This Plan shall not constitute an
express or implied contract of employment between the Corporation and any participant and shall not confer upon any participant any right to continued employment. The Corporation retains the right to dismiss any participant with or without cause or
notice and for any reason at anytime. 
  

	11.	WITHHOLDING FOR TAXES 

 The Corporation shall have the
right to deduct from all payments under this Plan any federal or state taxes or other employment-related withholdings required by law to be withheld with respect to such payments. 
  

	12.	GOVERNING LAW 

 The validity, construction and effect of
the Plan and any agreements or other instruments issued under it shall be determined in accordance with the laws of New York without reference to the principles of conflict of laws. 
  

	13.	SEVERABILITY 

 If any portion of this Plan is deemed to be
void, that portion of the Plan, and that portion only, will be deemed void. All other provisions of the Plan will remain in effect. 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

		 	John P. MacMahon
	Title:	 	Senior Vice President – Global Compensation and Benefits
		
	Date:	 	10/3/07

  

 163Deferred Compensation Plan for Directors

 EXHIBIT 10.37 
 CORNING INCORPORATED 
 DEFERRED COMPENSATION PLAN FOR DIRECTORS 
 AMENDMENT NO. 1 TO FEBRUARY 3, 1999 RESTATEMENT 
 Pursuant to Section 16 of the Corning Incorporated Deferred Compensation Plan for Directors (the “Plan), Corning Incorporated hereby amends the Plan, effective as of January 1, 2008, as follows:

  

	 	1.	Section 7 is amended by deleting the section in its entirety and replacing it with the following: 

 Section 7. Form of Payment 
 A participant may elect to receive compensation deferred under the Plan in either (a) a lump sum or (b) a number of annual installments as specified in the participant’s deferral election. All amounts
in the participant’s cash and market value accounts shall be paid in cash. 
  

	 	2.	Section 8 is amended by deleting the paragraph in its entirety and replacing it with the following: 

 Section 8. Death or Disability Prior to Receipt 
 In the event that a participant dies or becomes “disabled” (as defined by Code Section 409A) prior to receipt of any or all of the amounts payable to the participant pursuant to the Plan, any amounts
remaining in the participant’s deferred compensation account shall be paid to his estate or personal representative in a lump sum within sixty (60) days following the participant’s death or disability. 
  

	 	3.	Section 9 is amended by deleting the second paragraph in its entirety and replacing it with the following: 

 Deferral elections shall relate to fees earned by a Director during a Plan Year. Deferral elections for a Plan Year shall be made no later than the date
specified by the plan administrator that is on or prior to the last day of calendar year preceding the Plan Year for which the compensation is earned (i.e., compensation for services performed during a Plan Year may be deferred only if the election
to defer such compensation is made not later than the close of the Plan Year next preceding the year in which the services are performed). 
 Notwithstanding the foregoing, when an individual first becomes a Director, an election to defer compensation may be made by a nominee for election as a Director prior to, or concurrently with the nominee’s election for, the term for
which the nominee is being elected, provided that the initial deferral election must be made not later than 30 days after the date the Director first becomes eligible to participate in the Plan and such election may apply only with respect to
compensation for services to be performed subsequent to the election. 
  

	 	4.	Section 10 is amended by deleting the section in its entirety and replacing it with the following: 

 Section 10. Manner of Electing Deferral 
 A participant may elect to defer compensation within the time periods prescribed under Section 9 by giving written notice to the Secretary of the Company (on a form provided by the Company), which notice shall
include the amount to be deferred, the accounts to which such amounts are to be allocated and the percentage (in increments of 10%) of such amounts to be allocated to each account, the period of deferral, and the form of payment, including the
number of installments. 
  

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	 	5.	Section 11 of the Plan is amended by deleting such section in its entirety and replacing it with the following: 

 Section 11. Effect of Election 
 An election to defer compensation shall become effective and binding on the participant once the Plan Year to which it applies has commenced. Except as provided by this paragraph, once made, an election to defer for a
particular Plan Year is irrevocable. An election for a Plan Year may be cancelled upon demonstration of an “unforeseeable emergency” (as defined by Code Section 409A) and with the concurrence of the Chairman of the Board of the
Company. Any election covering more than one Plan Year may be revoked or modified with respect to Plan Years not yet begun by notifying the Secretary of the Company in writing at least fifteen (15) days prior to the commencement of such Plan
Year. 
  

	 	6.	Section 15 of the Plan is amended by adding the following to the end thereof: 

 The Plan shall be governed by and subject to the requirements of Code Section 409A and shall be interpreted and administered in accordance with that intent. If any provision of the Plan would otherwise conflict
with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict. 
  

	 	7.	Section 16 of the Plan is amended by adding the following to the end thereof: 

 The Board may delegate to a committee consisting of at least three employees of the Company the authority to make technical amendments to the Plan. 
 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this amendment
on its behalf this 3rd day of October, 2007. 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

		 	John P. MacMahon
	Title:	 	Senior Vice President – Global Compensation and Benefits

  

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