Honeywell 2008 Annual Report Download - page 226

SCHEDULE A
Notional Interest Rate
Deferred Incentive Awards (Band 6 and Above)
Contingent
Year Award Earned Vested Rate Rate Total Rate
Treasury bills Treasury bills
1975 – 1992 + N/A +
3%* 3%*
1993 – 1997 10% N/A 10%
1998 – 2000 8% 3% 11%
2001- 2002 7% 3% 10%
2003 3% 5% 8%
2004** 3% 5% 8%
2005** 8%** N/A 8%**
2006 5.8%** N/A 5.8%**
2007 5.8%** N/A 5.8%**
2008 6.3%** N/A 6.3%**
2009 7.2%** N/A 7.2%**
*/Three-month Treasury bill average rate for the immediately preceding calendar quarter as reported by the Federal Reserve Bank;
rate changes each calendar quarter.
**/For periods on and after January 1, 2006, rate is based on the Corporation’s 15-year borrowing rate and is subject to change
annually.
Deferred Incentive Awards (Band 5 and Below)
Contingent
Year Award Earned Vested Rate Rate Total Rate
Treasury bills Treasury bills
1975 – 1997 + N/A +
3%* 3%*
1998 - 2002 6% 3% 9%
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