Honeywell 2003 Annual Report Download - page 40

(n) "Employer" means the Company and its participating divisions,
subsidiaries, strategic business units and their respective successors.
(o) "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time, together with applicable final regulations
thereunder.
(p) "Gross Cause" means, except as provided in Section 19(f), conduct by a
Participant which is a fraud, misappropriation of Employer property or
intentional misconduct damaging to such property or business of an
Employer, or the commission of a crime. Gross Cause shall be determined
by the Plan Administrator in its sole and absolute discretion.
(q) "Incentive Award" means an incentive compensation award or any other
annual incentive award determined under the AlliedSignal Inc. Incentive
Compensation Plan for Executive Employees , and any predecessor or
successor plan, but shall not include any performance improvement award
or any other long-term incentive award under any such plan.
(r) "Named Fiduciary" means the Plan Administrator and/or such other
committee, entity or person as the Company or the Plan Administrator
may designate to administer the terms and conditions of the Plan, as
the case may be.
(s) "Participant" means an Existing Participant, an Officer Participant or
a New Participant.
(i) "Existing Participant" means, except as further defined in Part
II an individual who, on July 1, 1993, was an employee of an
Employer in Salary Grade 20 or above or in a position comparable
to a position of Salary Grade 20 or above.
(ii) "Officer Participant" means, except as further defined in Part
II, an individual (other than an Existing Participant) who is an
officer of an Employer in Band 7 as determined by the Plan
Administrator in his or her sole discretion.
(iii) "New Participant" means an individual (other than an Existing
Participant and an Officer Participant) who is employed by an
Employer in a position evaluated in Career Band 6 or above or in
a position comparable to a position in Career Band 6 or above,
all as determined by the Plan Administrator in his or her sole
discretion.
(iv) Notwithstanding any Plan provisions to the contrary, if as a
result of the merger of AlliedSignal Inc. and Honeywell Inc., a
former employee of Honeywell Inc. who would otherwise satisfy
the definition of Participant remains covered by a severance
plan sponsored by Honeywell Inc. or an
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