Honeywell 2002 Annual Report Download - page 59
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-9-
SCHEDULE A
Notional Interest Rate
Deferred Incentive Awards (Band 6 and Above)
Year Award Earned Vested Rate Contingent Rate Total Rate
----------------- ---------------- --------------- ----------------
1975 - 1992 Treasury bills + N/A Treasury bills +
3%* 3%*
1993 - 1997 10% N/A 10%
1998 - 2000 8% 3% 11%
2001 + 7% 3% 10%
*/Three-month Treasury bill average rate for the immediately preceding calendar
quarter as reported by the Federal Reserve Bank; rate changes each calendar
quarter.
Deferred Incentive Awards (Band 5 and Below)
Year Award Earned Vested Rate Contingent Rate Total Rate
----------------- ---------------- --------------- ----------------
1975 - 1997 Treasury bills + N/A Treasury bills +
3%* 3%*
1998 + 6% 3% 9%
*/Three-month Treasury bill average rate for the immediately preceding calendar
quarter as reported by the Federal Reserve Bank; rate changes each calendar
quarter.
Deferred Salary (Band 6 and Above)
Year Salary Earned Vested Rate Contingent Rate Total Rate
------------------ ----------- --------------- ----------
1994 - 1998 10% N/A 10%
1999 - 2001 8% 3% 11%
2002 + 7% 3% 10%