Honeywell 2003 Annual Report Download - page 56

22(f). The New Plan Administrator may, in reviewing any recommendation
for benefit eligibility pursuant to this Section 22, rely on
representations made by the Corporation or an Honeywell Employer
pursuant to Section 22(c). However, in the event that none of the
recommendations are agreed to by the Participant, the New Plan
Administrator shall refer the disputed claim for benefits under this
Plan for resolution as provided in Section 22(f). Any recommendation
by the New Plan Administrator under this Section 22, any determination
by the New Plan Administrator as to the eligibility for or the amount
of benefits which are not in dispute and any judicial determination
pursuant to Section 22(f) shall be final and binding on the
Corporation and the Honeywell Employer. The Corporation and the
responsible Honeywell Employer shall make payments to Participants as
directed by the New Plan Administrator or pursuant to judicial
determination pursuant to Section 22(f).
(c) Corporation or Honeywell Employer Recommendations. Upon the occurrence
of a Change in Control, the Corporation and any Honeywell Employer may
make recommendations to the New Plan Administrator with respect to
benefit determinations for affected Participants under the Plan and the
New Plan Administrator shall immediately forward any such
recommendation to the affected Participant. If the recommendation is
agreed to in writing by the Participant, the New Plan Administrator
shall advise the Corporation and any responsible Honeywell Employer,
and the Corporation or Honeywell Employer, whichever is responsible,
shall immediately make payment.
(d) Independent Recommendations. In the case of a recommendation which is
not agreed to by the affected Participant, the New Plan Administrator
shall immediately review the recommendation of the Corporation or
responsible Honeywell Employer and within 15 days of notice of the
dispute from the Participant, determine whether it is in accordance
with the terms of the Plan and notify the Corporation or responsible
Honeywell Employer and the Participant of its findings. If the New Plan
Administrator determines that the recommendation is not in accordance
with the terms of the Plan and that an adjustment is necessary and the
Participant agrees in writing to such adjustment, the New Plan
Administrator shall advise the Corporation or responsible Honeywell
Employer, and the Corporation or responsible Honeywell Employer shall
immediately make payment. Any such adjustment determined by the New
Plan Administrator, whether agreed to by the Participant or not, shall
be final and binding upon the Corporation or responsible Honeywell
Employer and may not be challenged by either of them.
(e) Direct Application. Upon notice to the New Plan Administrator by an
affected Participant, as to whom the Corporation or responsible
Honeywell Employer has made no recommendation, that a Covered
Termination has occurred, the Corporation or responsible Honeywell
Employer shall be notified by the New Plan Administrator and given 15
days from the date the Participant gave notice to the new Plan
Administrator within which to make a recommendation as to benefit
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