Honeywell 2008 Annual Report Download - page 236

4.02 Death Benefits
(a) If a participant receives his Supplemental Benefit in a single lump sum payment, no Supplemental Benefit shall be paid to his surviving
spouse or beneficiary following his death.
(b) If a participant elects to receive his Supplemental Benefit in an annuity that provides a survivor annuity or death benefit, the participant’s
surviving spouse or beneficiary, as applicable, shall receive the applicable survivor benefit or death benefit following the participant’s death.
(c) If a participant dies before he receives his Supplemental Benefit, his surviving spouse or beneficiary shall receive the Actuarial
Equivalent value of any pre-retirement surviving spouse benefits or death benefits provided by the Pension Plan (1) in the form of the annuity
required by the Pension Plan if the participant elected to receive his Supplemental Benefits in an annuity, or (2) in all other cases, in the form of
a single lump sum payment. Such payment will be paid or begin to be paid as of the first day of the month following 105 days after the later of
the participant’s death or the date that would have been the participant’s Earliest Retirement Date.
Article V - Administration
5.01 Plan Administrator - The Board of Directors shall name a Plan Administrator. Such Plan Administrator shall serve at the convenience of the
Board of Directors and shall serve without compensation. The Plan Administrator shall keep such records as necessary for the proper
administration of the Plan and shall report to the Board of Directors at such time or times as the Board of Directors shall designate.
5.02 Benefit Determination - The Plan Administrator shall determine the amount and timing of any benefit paid under the Plan. The Plan
Administrator shall rely on the records of Honeywell in determining any participant's eligibility for and amount of benefit under the Plan. In the
event that the Plan Administrator's reliance on the records of Honeywell causes a benefit to be over or under paid, the Plan Administrator shall
adjust future payments to be increased or decreased as required. If such future payments are insufficient to recover any overpayment to a
participant, the Plan Administrator shall withhold any payments then due a participant and take any action deemed appropriate to recover the
balance of the overpayment.
5.03 Benefit Appeals - The Plan Administrator shall establish an appeals procedure as defined by U.S. Department of Labor regulations. Such
procedures will provide that the participant has sixty (60) days upon receipt of any benefits or denial of benefits to file an appeal with the Plan
Administrator. The Plan Administrator must respond within sixty (60) days of receiving the appeal, in writing, specifically identifying those Plan
provisions on which the benefit denial was based and indicating what information the participant must supply in order to perfect a claim for
benefits.
5.04 Nonduplication of Benefits - To avoid the duplication of benefits, the amount of any similar benefits under this Plan shall be offset and
reduced by the amount of any similar benefit provided the participant under other supplemental pension plans sponsored by Honeywell
International Inc. or its subsidiaries or affiliates (other than the Honeywell International Inc. Supplemental Executive Retirement Plan for
Executives in Career Band 6 and Above) for which the participant may be eligible, provided however