Honeywell 2008 Annual Report Download - page 180

8. Distribution on Death.
(a) Participant Deferred Contribution Amounts. If a Participant should die before all Participant Deferred Contribution Amounts
credited to the Participant's Non-Grandfathered Account have been paid in accordance with Paragraph 7, the balance of the Participant
Deferred Contribution Amounts in such Participant's Non-Grandfathered Account shall be paid in cash within sixty (60) days
following the date of the Participant's death to the beneficiary designated in writing by the Participant and filed with the Plan
Administrator. If a Participant should die before all Participant Deferred Contribution Amounts credited to the Participant's
Grandfathered Account have been paid in accordance with Paragraph 7, the balance of the Participant Deferred Contribution Amounts
in such Participant's Grandfathered Account shall be paid in cash as soon as practicable following the Participant's death to the
beneficiary designated in writing by the Participant and filed with the Plan Administrator; provided, however, if the Participant has
made an election pursuant to Subparagraphs 10(a), 10(b) or 10(c) for Participant Deferred Contribution Amounts credited to the
Participant's Grandfathered Account, such amount shall be paid within the ninety (90) day period following a Change in Control, as
defined in Subparagraph 10(e). If (i) no beneficiary designation has been made, or (ii) the designated beneficiary shall have
predeceased the Participant and no further designation has been made, then such balance shall be paid to the estate of the Participant.
A Participant may change the designated beneficiary at any time during the Participant's lifetime by filing a subsequent designation in
writing with the Plan Administrator.
(b) Plan Employer Contribution Amounts. If a Participant should die before all Plan Employer Contribution Amounts credited to
the Participant's Non-Grandfathered Account have been paid in accordance with Paragraph 7, the balance of the Plan Employer
Contribution Amounts in such Participant's Non-Grandfathered Account shall be paid in Common Stock within sixty (60) days
following the date of the Participant's death to the beneficiary designated in writing by the Participant and filed with the Plan
Administrator. If a Participant should die before all Plan Employer Contribution Amounts credited to the Participant's Grandfathered
Account have been paid in accordance with Paragraph 7, the balance of the Plan Employer Contribution Amounts in such Participant's
Grandfathered shall be paid in Common Stock as soon as practicable following the Participant's death to the beneficiary designated in
writing by the Participant and filed with the Plan Administrator; provided, however, if the Participant has made an election pursuant to
Subparagraphs 10(a), 10(b) or 10(c) for Plan Employer Contribution Amounts credited to the Participant's Grandfathered Account,
such amount shall be paid within the ninety (90) day period following a Change in Control, as defined in Subparagraph 10(e). If (i) no
such beneficiary designation has been made, or (ii) the designated beneficiary shall have predeceased the Participant and no further
designation has been made, then such balance shall be paid to the estate of the Participant. A Participant may change the designated
beneficiary at any time during the Participant's lifetime by filing a subsequent designation in writing with the Plan Administrator. Any
fractional shares of Common Stock shall be paid in an equivalent cash amount, as determined using the closing price of Common
Stock on the trading date immediately preceding the distribution date.
9