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                                                                   EXHIBIT 10.09

                                  AWARD NOTICE

                           NOTICE OF RESTRICTED STOCK
                             GRANTED PURSUANT TO THE
                            EASTMAN CHEMICAL COMPANY
                    1997 OMNIBUS LONG-TERM COMPENSATION PLAN

                         Grantee: E. W. Deavenport, Jr.

                         Number of Shares: 30,000

                         Date of Grant: December 7, 2001

         1.       Award of Restricted Stock. This Award Notice serves to notify
you Eastman Chemical Company ("Company") has granted to you, under the 1997
Omnibus Long-Term Compensation Plan ("Plan"), the number of shares ("Restricted
Stock") of its $.01 par value Common Stock ("Common Stock") set forth above, to
be held, subject to the terms of the Plan and this Award Notice, as restricted
stock. This Award is in consideration for your past services and for the
consulting services you have agreed to provide to the Company or its successors
(the "Successor Companies") after your retirement from the Company on December
31, 2001, pursuant to your Retirement and Consulting Agreement, dated as of
December 7, 2001 (the "Consulting Agreement"). The Plan is incorporated herein
by reference and made a part of this Award Notice. Capitalized terms not
otherwise defined herein have the respective meanings set forth in the Plan.

         2.       Lapse of Restrictions. The restrictions described below with
respect to the Restricted Stock will lapse upon the earlier of (1) December 7,
2004, or (2) termination of the Consulting Agreement by reason of your death,
disability, or for another approved reason, as determined by the Vice President,
Human Resources of the Company (the date and time described in clause (1) or
(2), as applicable, is referred to herein as the "Vesting Date").

         3.       Book-Entry Registration. The Restricted Stock awarded pursuant
to this Award Notice initially will be evidenced by book-entry registration
only, without the issuance of certificates representing such shares.

         4.       Issuance of Shares. Subject to the other terms of this Award
Notice, the Company will either issue a certificate or certificates representing
the Restricted Stock as promptly as practicable following the Vesting Date or
place the shares in the Automatic Dividend Reinvestment Plan maintained for
shareowners of the Company as directed by you. The Company may withhold or
require you to remit a cash amount sufficient to satisfy federal, state, and
local taxes (including the Participant's FICA obligation) required by law to be
withheld. Further, either the Company or you may elect to satisfy the
withholding requirement by having the Company withhold shares of common stock
having a Fair Market Value on the date the tax is to be determined equal to the
minimum statutory total tax which could be imposed on the transaction.

You may elect to defer the Award until after you retire or otherwise terminate
employment with the Company or its Successor Companies under the terms and
subject to the conditions of the Eastman Executive Deferred Compensation Plan or
a similar deferred compensation plan offered by its Successor Companies, as the
same now exists or may be amended hereafter (the "EDCP"). If you choose to defer
the Award, the Award shall be converted into the right to receive a cash
payment.

If any portion of an Award is converted into a right to receive a cash payment
as described above, an amount representing the Fair Market Value of the deferred
portion of the Actual Grant Amount will be credited to the Stock Account of the
Eastman EDCP or a similar deferred compensation plan offered by the Successor
Companies and hypothetically invested in units of Common Stock. Thereafter, such
amount will be treated in the same manner as other investments in the EDCP or a
similar deferred compensation plan offered by the Successor Companies and shall
be subject to the terms and conditions thereof.

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         5.       Restrictions on Transfer of Shares. The Restricted Stock, and
the right to vote such shares and to receive dividends thereon, may not, except
as otherwise provided in the Plan, be sold, assigned, transferred, pledged or
encumbered in any way prior to the Vesting Date, whether by operation of law or
otherwise. After the Vesting Date, certificates for the Restricted Stock may be
issued during your lifetime only to you, except in the case of a permanent
disability involving mental incapacity.

         6.       Limitation of Rights. Except as otherwise provided in this
Award Notice or the Plan, prior to the Vesting Date, you will have no rights of
a shareowner with respect to the Restricted Stock, except for the right to
receive such cash dividends, if any, as may be declared on the shares of Common
Stock subject thereto from time to time, and the right to vote (in person or by
proxy) such shares at any meeting of shareowners of the Company. Neither the
Plan, this Award nor this Award Notice gives you any right to remain employed by
or in service as a consultant to the Company, the Successor Companies or any of
its or their Subsidiaries.

         7.       Termination. The Committee hereby determines that your
announced retirement on or about December 31, 2001 will be a termination of
employment for an "approved reason" within the meaning of Section 16 of the
Plan; provided, however, that the Restricted Stock will not vest in full or be
forfeited upon your retirement, but will continue to vest for as long as the
Consulting Agreement remains in effect (subject to Section 9 below). If for any
reason you do not retire on or about December 31, 2001, then upon later
termination of your employment with the Company and its Subsidiaries, prior to
the Vesting Date, other than by reason of your death, disability, retirement, or
another approved reason, as determined by the Committee, all of the Restricted
Stock will be canceled and forfeited by you to the Company without the payment
of any consideration by the Company. In such event, neither you nor any of your
successors, heirs, assigns or personal representatives will thereafter have any
further rights or interest in such shares or otherwise in this Award. The
provisions of the foregoing two sentences shall be subject to the provisions of
Section 9 and shall become null and void and of no force and effect insofar as
they apply to a termination following a Change in Control under the
circumstances described in Section 25(a) of the Plan.

         8.       Noncompetition; Confidentiality; Adverse Activity.

                  (c)      Except as described in Sections 24 and 25 of the
Plan, you will forfeit all rights under any unexercised portion of the Option if
you violate the noncompetition and confidentiality provisions contained in
Section 20 of the Plan.

                  (d)      If you, during your employment or thereafter, engage
in activity, which, in the sole discretion of the Committee, is deemed to be in
conflict with or adverse to the interests of the Company or Successor Companies,
the Restricted Stock will be forfeited and canceled immediately. Such adverse
activity by you shall include, but is not limited to, the following: (i)
becoming associated with, becoming employed by or rendering services to, or
owning an interest in (other than as a shareholder with a nonsubstantial
interest in such business) any business or enterprise that is engaged in
competition with the Company or Successor Companies; or (ii) recruiting,
soliciting or induce, or attempting to induce, any employee or employees of the
Company or Successor Companies or any affiliate of the Company or Successor
Companies to terminate their employment with, or otherwise cease their
relationship with, the Company, Successor Companies, or its or their affiliates;
or (iii) soliciting, diverting or taking away, or attempting to take away, the
business patronage of any of the clients, customers, accounts, or prospective
clients, customers or accounts, which were contacted, solicited or served by the
Company during your employment; or (iv) initiating litigation against the
Company or Successor Companies; or (v) criticizing, denigrating or otherwise
speaking adversely against the Company or Successor Companies; or (vi) violating
the Company's or Successor Companies' ethics and business conduct guidelines.
The provisions of this Section 8(b) shall be subject to the provisions of
Section 9, and shall become null and void and of no force and effect insofar as
they apply to activity by you following your termination after a Change in
Control under the circumstances described in Section 25(a) of the Plan.

         9.       Change in Ownership; Change in Control. Sections 24 and 25 of
the Plan contain certain special provisions that will apply to this Award in the
event of a Change in Ownership or Change in Control, respectively.

         10.      Adjustment of Shares. If the number of outstanding shares of
Common Stock changes through the declaration of stock dividends or stock splits
prior to the Vesting Date, the shares of Common Stock subject to this Award
automatically will be adjusted. If there is a change in the number of
outstanding shares of Common Stock or any change in the outstanding stock of the
Company prior to the Vesting Date, the Committee will make any adjustments

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and modifications to this Award that it deems appropriate. In the event of any
other change in the capital structure or in the Common Stock of the Company, the
Committee is authorized to make appropriate adjustments to this Award.

         11.      Restrictions on Issuance of Shares. If at any time the Company
determines that listing, registration or qualification of the shares of Common
Stock subject to this Award upon any securities exchange or under any state or
federal law, or the approval of any governmental agency, is necessary or
advisable as a condition to the award or issuance of certificate(s) for the
shares of Common Stock subject to this Award, such award or issuance may not be
made in whole or in part unless and until such listing, registration,
qualification or approval shall have been effected or obtained free of any
conditions not acceptable to the Company.

         12.      Noncompetition. Confidentiality. You will forfeit all rights
to this Award if you violate the noncompetition and confidentiality provisions
contained in Section 20 of the Plan or the restrictive covenants in your
Retirement and Consulting Agreement.

         13.      Plan Controls. In the event of any actual or alleged conflict
between the provisions of the Plan and the provisions of this Award Notice, the
provisions of the Plan will be controlling and determinative.

                                      120<PAGE>

                                                                   EXHIBIT 10.10

                              AMENDED AND RESTATED
                      EASTMAN EXCESS RETIREMENT INCOME PLAN

         AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002

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                      EASTMAN EXCESS RETIREMENT INCOME PLAN
                 AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
Article           Title                                         Page
-------           -----                                         ----
<S>               <C>                                           <C>
         1        Purpose of Plan                                3
         2        Definitions                                    3
         3        Eligibility                                    4
         4        Benefits                                       4
         5        Administration                                 6
         6        Amendment and Termination                      7
         7        Miscellaneous                                  7
</TABLE>

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                      EASTMAN EXCESS RETIREMENT INCOME PLAN

                                   ARTICLE ONE

                                 Purpose of Plan

1.1      This Plan implements the intent of providing retirement benefits by
         means of both a funded and an unfunded plan. This Plan is an excess
         benefit plan as defined in Section 3(36) of the Employee Retirement
         Income Security Act of 1974 and is designed to provide retirement
         benefits payable out of the general assets of the Company where
         benefits cannot be paid under the Funded Plan because of Code Section
         415 and the provisions of the Funded Plan which implement such Section.

         The prior Plan was initially adopted effective January 1, 1994. This
         Plan is amended and restated effective January 1, 2002.

                                   ARTICLE TWO

                                   Definitions

2.1      "Code" shall mean the Internal Revenue Code of 1986, as amended from
         time to time.

2.2      "Company" shall mean Eastman Chemical Company, and any subsidiary
         and/or affiliated corporation which is a participating employer under
         the Funded Plan, except where a specific reference is made to a
         particular corporation.

2.3      "Compensation Committee" shall mean the Compensation and Management
         Development Committee of the Board of Directors of the Company.

2.4      "Effective Date" shall mean January 1, 1994

2.5      "Employee" or "Participant" shall mean a participant in the Funded
         Plan.

2.6      "Funded Plan" shall mean the Eastman Retirement Assistance Plan.

2.7      "Plan" shall mean this Eastman Excess Retirement Income Plan.

2.8      "Present Value" shall mean the actuarial present value of the
         Participant's benefit under this Plan. Present Value for purposes of
         Sections 4.4 and 4.5 shall be calculated using the actuarial
         assumptions and methodologies that would be used by the Funded Plan to
         determine a single lump sum payment as of the Participant's termination
         of employment.

                                  ARTICLE THREE

                                   Eligibility

3.1      All Employees eligible to receive a benefit from the Funded Plan shall
         be eligible to receive a benefit under this Plan if their benefit
         cannot be fully provided by the Funded Plan due to the benefit
         limitations imposed by Code Section 415.

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                                  ARTICLE FOUR

                                    Benefits

4.1      Benefits due under this Plan shall be paid at such time or times
         following the Employee's retirement or death as the Company's Vice
         President, Human Resources determines with respect to Employees other
         than executive officers of the Company, and as the Compensation
         Committee determines with respect to Employees who are executive
         officers of the Company. In each case the method of payment shall be
         chosen in the sole discretion of the Company's Vice President, Human
         Resources or Compensation Committee, as applicable, from among the
         payment options available under the Funded Plan. If the Employee is
         deceased, the person who shall receive payment under this Plan (if
         any), shall be the same person who would be entitled to receive
         survivor benefits with respect to the Employee under the Funded Plan.

4.2      The benefit payable under this Plan shall be the amount of the
         retirement income benefit to which an Employee would otherwise be
         entitled under the Funded Plan, if the provisions of Code Section 415,
         as expressed in the Funded Plan, were disregarded; less the retirement
         income benefit to which the Employee is entitled under the Funded Plan.

         The "retirement income benefit to which the Employee is entitled under
         the Funded Plan" generally means the benefits actually payable to an
         Employee under the Funded Plan; provided, however, that where the
         benefits actually payable to an Employee under the Funded Plan are
         reduced on account of a payment of all or a portion of an Employee's
         benefits to a third party on behalf of or with respect to an Employee
         (pursuant, for example, to a qualified domestic relations order), the
         "retirement income benefit to which the Employee is entitled under the
         Funded Plan" shall be deemed to mean the benefit that would have been
         actually payable but for such payment to a third party.

4.3      If an Employee's benefit from the Funded Plan is subject to an
         actuarial reduction because of the time when payment commences, his
         benefit from this Plan shall be actuarially reduced on the same basis.

4.4      Not later than one (1) year before the Participant's termination of
         employment, a Participant may elect on forms provided by the Company to
         have the Present Value of his benefit under this Plan transferred to
         the Eastman Executive Deferred Compensation Plan. If the Participant
         makes such a timely election, then upon his termination of employment,
         neither the Participant or his beneficiaries shall have any further
         right to benefits of any kind under this Plan, and the payment of such
         benefits shall be governed solely by the Eastman Executive Deferred
         Compensation Plan.

4.5      Notwithstanding Section 4.4, if a Participant terminates employment
         under Changed Circumstances, then the Vice President, Human Resources,
         with respect to Participants who are not executive officers of the
         Company, and the Compensation Committee, with respect to Participants
         who are executive officers of the Company, may allow such Participant
         make the election described in Section 4.4 with less than one (1)
         year's notice. The determination of whether or not to permit such
         election with less than one (1) year's notice shall be made by the Vice
         President, Human Resources or the Compensation Committee, as
         applicable, in his or its sole discretion, taking into account such
         factors as deemed appropriate, and without regard to any prior
         determinations made by such parties. Until announced otherwise by the
         Vice President, Human Resources, "Changed Circumstances" shall mean
         (and shall only mean) a Company-initiated termination of employment.

4.6      The benefits payable under this Plan shall be paid by the Company out
         of its general assets. To the extent an Employee acquires the right to
         receive a payment under this Plan, such right shall be no greater than
         that of an unsecured general creditor of the Company. No amount payable
         under this Plan may be assigned, transferred, encumbered or subject to
         any legal process for the payment of any claim against an Employee.

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                                  ARTICLE FIVE

                                 Administration

5.1      Responsibility. Except as expressly provided otherwise herein, the Vice
         President, Human Resources shall have total and exclusive
         responsibility to control, operate, manage and administer the plan in
         accordance with its terms.

5.2      Authority of Vice President. The Vice President, Human Resources shall
         have all the authority that may be necessary or helpful to enable him
         to discharge his responsibilities with respect to the Plan. Without
         limiting the generality of the preceding sentence, such Vice President
         shall have the exclusive right: to interpret the Plan, to determine
         eligibility for participation in the Plan, to decide all question
         concerning eligibility for and the amount of benefits payable under the
         Plan, to construe any ambiguous provision of the Plan, to correct any
         default, to supply any omission, to reconcile any inconsistency, and to
         decide any and all questions arising in the administration,
         interpretation, and application of the Plan. However, see Section 5.5.

5.3      Discretionary Authority. The Vice President, Human Resources shall have
         full discretionary authority in all matters related to the discharge of
         his responsibilities and the exercise of his authority under the Plan
         including, without limitation, his construction of the terms of the
         Plan and his determination of eligibility for participation and
         benefits under the Plan. It is the intent of Plan that the decisions of
         such Vice President and his action with respect to the Plan shall be
         final and binding upon all persons having or claiming to have any right
         or interest in or under the Plan and that no such decision or action
         shall be modified upon judicial review unless such decision or action
         is proven to be arbitrary or capricious. Notwithstanding anything to
         the contrary in this Article Five, the Vice President, Human Resources
         shall not have the authority to make any decision or resolve any issue
         that directly affects his own participation or benefits under this
         Plan, and instead such decision or resolution shall be reserved to the
         Compensation Committee.

5.4      Delegation of Authority. The Vice President, Human Resources may
         delegate some or all of his authority under the Plan to any person or
         persons provided that any such delegation be in writing.

5.5      Authority of Compensation Committee. Under Section 4.1 of this Plan,
         decisions concerning payment of benefits to executive officers shall be
         made by the Compensation Committee of the Board of Directors, and to
         that extent the provisions of 5.1 through 5.4 above shall be deemed to
         apply to such Committee.

5.6      Irrevocable Elections. Notwithstanding anything to the contrary in this
         Plan, the Vice President, Human Resources and the Compensation
         Committee, as applicable, may expressly designate any decision under
         Section 4.1 concerning time of payment of benefits and/or form of
         payment as being irrevocable, and if such designation is made, such
         decision may be changed only with the consent of the Employee, or, if
         the Employee is deceased, the Employee's beneficiary under this Plan
         (if any). Once payments have commenced to an Employee or beneficiary
         under this Plan, the form of payment shall be considered irrevocable
         within the meaning of the immediately preceding sentence, regardless of
         whether it is designated as such by the Vice President, Human Resources
         or the Compensation Committee.

                                   ARTICLE SIX

                            Amendment and Termination

6.1      While the Company intends to maintain this Plan in conjunction with the
         Funded Plan under present business conditions, the Company, acting
         through the Compensation Committee, reserves the right to amend and/or
         terminate it at any time for whatever reasons it may deem advisable.

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6.2      Notwithstanding the preceding Section, however, the Company hereby
         makes a contractual commitment to pay the benefits accrued under this
         Plan as of the date of such amendment or termination to the extent it
         is financially capable of meeting such obligation.

                                  ARTICLE SEVEN

                                  Miscellaneous

7.1      Nothing contained in this Plan shall be construed as a contract of
         employment between the Company and an Employee, or as a right of an
         Employee to be continued in the employment of the Company, or as a
         limitation of the right of the Company to discharge any of its
         Employees, with or without cause.

7.2      This Plan shall be governed by the laws of the State of Tennessee,
         except to the extent preempted by federal law.

7.3      This Plan shall be binding upon the successors and assigns of the
         parties hereto.

7.4      The Company will withhold to the extent required by law all applicable
         income and other taxes from amounts accrued or paid under the Plan.

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