Honeywell 2003 Annual Report Download - page 50

14. Action by an Employer.
Unless expressly indicated to the contrary herein, any action required
to be taken by the Company may be taken by action of its Board or by
any appropriate officer or officers traditionally responsible for such
determination or actions, or such other individual or individuals as
may be designated by the Board or any such officer.
15. Governing Law.
The Plan is an employee welfare benefit plan within the meaning of
Section 3(1) of ERISA, and will be construed in accordance with the
provisions of ERISA.
16. Severability.
If any provision of this Plan shall be held illegal or invalid for any
reason, said illegality or invalidity shall not affect the remaining
parts of this Plan, but this Plan shall be construed and enforced as if
said illegal or invalid provision had never been included herein.
17. 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, 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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