Honeywell 2002 Annual Report Download - page 189

2.19 Plan Sponsor - means Honeywell International Inc. Any successor to
Honeywell International Inc. (or a principal subsidiary) shall be deemed a Plan
Sponsor.
2.20 Protected Period - means, with respect to each Participant, the period
beginning on the date of a Change in Control that occurs after he or she becomes
a Participant and ending at the expiration of twenty-four (24) months following
such Change in Control.
2.21 Severance Pay Period - means the applicable severance period specified in
Schedule A attached hereto.
2.22 Year of Service - means any consecutive 12-month period commencing on a
Participant's date of hire or rehire with Honeywell International Inc., any
predecessor of Honeywell International Inc. or an Affiliated Company, and
anniversaries thereof during which the Participant has completed at least 1,000
Hours of Service.
ARTICLE III
PARTICIPATION
3.1 The benefits provided under the Plan are limited solely to Participants.
ARTICLE IV
ELIGIBILITY FOR AND CONTINUATION OF PAY, BENEFITS
AND PENSION SERVICE
4.1 Eligibility for Pay, Benefit and Pension Service Continuation
In the event of the Involuntary Termination of a Participant's employment during
the Protected Period, Pay, benefit and pension service continuation shall be
provided to the Participant by Honeywell International Inc. (or any successor to
Honeywell International Inc.) in accordance with this Article IV.
4.2 Pay, Benefit and Pension Service Continuation
A) Pay Continuation - A Participant shall receive Base Salary, paid in
accordance with his or her normal payroll period, and, as to Participants
employed in Career Band 5 or above, Annual Incentive Compensation, paid pro-rata
during the Severance Pay Period, in accordance with the Participant's normal pay
period.
B) Benefit Continuation - For the period of Pay continuation, Honeywell
International Inc. will continue the Participant's
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