Honeywell 2002 Annual Report Download - page 199

14.2 No Waiver
No waiver by a Participant at any time of any breach by Honeywell International
Inc. of, or of any lack of compliance with, any condition or provision of this
Plan to be performed by Honeywell International Inc. shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. In no event shall the failure by a Participant to assert any
right under the Plan (including, but not limited to, failure to assert the
existence of conditions which would constitute an Involuntary Termination under
Section 2.13(b) be deemed a waiver of such right or any other right provided
under the Plan, unless the Participant affirmatively elects, in writing, to
waive such right.
14.3 Coordination of Benefits
In the event that (i) a Participant in the Plan is covered by another severance
plan of Honeywell International Inc. or an affiliate which provides benefits
similar to those provided under the Plan, and (ii) such Participant becomes
entitled to benefits under the Plan and such other plan, then, subject to
Section 4.3, each benefit to which the Participant is entitled shall contain
those rights and features which combine the most favorable rights and features
of such benefit under the Plan and such other plan; provided, however, that in
no event shall there be any duplication of such benefit.
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