Honeywell 2002 Annual Report Download - page 196

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to events or circumstances occurring during the Protected Period, the
Participant shall nevertheless be entitled to benefits under the Plan if the
Plan Administrator ultimately determines that the facts and circumstances
presented to the Plan Administrator would have constituted an Involuntary
Termination under Section 2.13(b), provided such Participant resigns from
Honeywell International Inc. within ten (10) days of the receipt of such
determination. Submission of a request for prior determination under this
Section 5.4 shall not preclude a subsequent request made in good faith
provided that any subsequent request is based on facts and circumstances that
are substantially different than any prior request.
5.5 Plan Year
The plan year shall be the calendar year.
5.6 Indemnification
To the extent permitted by law, the Corporation shall indemnify the Plan
Administrator from all claims for liability, loss, or damage (including payment
of expenses in connection with defense against such claims) arising from any act
or failure to act in connection with the Plan.
ARTICLE VI
UNFUNDED OBLIGATION
6.1 All benefits payable under this Plan shall constitute an unfunded obligation
of the Corporation. Payments shall be made, as due, from the general funds of
Corporation. This Plan shall constitute solely an unsecured promise by the
Corporation to pay severance benefits to participants to the extent provided
herein.
ARTICLE VII
INALIENABILITY OF BENEFITS
7.1 No Participant shall have the power to transfer, assign, anticipate,
mortgage or otherwise encumber any rights or any amounts payable under this
Plan; nor shall any such rights or amounts payable under this Plan be subject to
seizure, attachment, execution, garnishment or other legal or equitable process,
or for the payment of any debts, judgments, alimony, or separate maintenance, or
be transferable by operation of law in the event of bankruptcy, insolvency, or
otherwise. In the event a person who is receiving or is entitled to receive
benefits under the Plan attempts to assign, transfer or dispose of such right,
or if an attempt is made to subject such right to such process, such assignment,
transfer or disposition shall be null and void.
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