Honeywell 2008 Annual Report Download - page 227

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 Salary (Band 6 and Above)
Contingent
Year Salary Earned Vested Rate Rate Total Rate
1994 – 1998 10% N/A 10%
1999 – 2001 8% 3% 11%
2002 - 2002 7% 3% 10%
2003 3% 5% 8%
2004 3% 5% 8%
2005** 3% 5% 8%
**/For periods on and after January 1, 2006, rate is subject to change.
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