Honeywell 2006 Annual Report Download - page 176

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Exhibit 10.26
AMENDMENT TO THE
2006 STOCK INCENTIVE PLAN OF
HONEYWELL INTERNATIONAL INC. AND ITS AFFILIATES
The 2006 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (the "Plan"), is hereby amended effective
December 8, 2006, by replacing Section 5.3 of the Plan in its entirety with the following paragraph:
"5.3 Adjustment Upon Certain Changes
(a) Shares Available for Grants. In the event of any change in the number of shares of Common Stock outstanding by reason
of any stock dividend or split, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate
change, the maximum aggregate number of shares of Common Stock with respect to which the Committee may grant Awards
and the maximum aggregate number of shares of Common Stock with respect to which the Committee may grant Awards to
any individual Employee in any year shall be appropriately adjusted by the Committee. In the event of any change in the
number of shares of Common Stock outstanding by reason of any other similar event or transaction, the Committee may, to the
extent deemed appropriate by the Committee, make such adjustments in the number and class of shares of Common Stock with
respect to which Awards may be granted.
(b) Increase or Decrease in Issued Shares Without Consideration. Subject to any required action by the shareowners of the
Company, in the event of any increase or decrease in the number of issued shares of Common Stock resulting from a
subdivision or consolidation of shares of Common Stock or the payment of a stock dividend (but only on the shares of
Common Stock), or any other increase or decrease in the number of such shares effected without receipt or payment of
consideration by the Company, the Committee shall equitably adjust the number of shares of Common Stock subject to each
outstanding Award and the exercise price per share of Common Stock of each such Award.
(c) Certain Mergers. Subject to any required action by the shareowners of the Company, in the event that the Company shall
be the surviving corporation in any merger, consolidation or similar transaction as a result of which the holders of shares of
Common Stock receive consideration consisting exclusively of securities of such surviving corporation, the Committee shall
have the power to adjust each Award outstanding on the date of such merger or consolidation so that it pertains and applies to
the securities which a holder of the number of shares of Common Stock subject to such Award would have received in such
merger or consolidation.