Honeywell 2008 Annual Report Download - page 240

Exhibit 10.12
HONEYWELL INTERNATIONAL INC. SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN FOR EXECUTIVES IN
CAREER BAND 6 AND ABOVE
(Amended and Restated Effective January 1, 2009)
ARTICLE I
PURPOSE
The purpose of the Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and
Above is to provide certain Executives and their Beneficiaries with monthly retirement income benefits under all defined benefit
deferred compensation plans maintained by the Company that are at least equal to the benefits that would have been payable had such
Executives been covered by the Retirement Program and the Supplemental Pension Plan (as defined herein) throughout their Credited
Service (as defined herein) with the Company.
To the extent required to determine benefits under this Plan, the terms and provisions of the Pension Plans and the Supplemental
Pension Plan shall be deemed to be incorporated by reference.
The Plan as amended and restated effective January 1, 2009 applies to a participant who (i) has any portion of a Supplemental
Benefit that accrues on or after January 1, 2005, (ii) has any portion of a Supplemental Benefit that accrued prior to January 1, 2005
but was vested on or after December 31, 2004, or (iii) has an increase in the value of any subsidy with respect to Grandfathered
Benefits payable upon retirement before the Pension Plan’s normal retirement date that accrues or increases as a result of service after
December 31, 2004. The Plan preceding this amendment and restatement applies to a participant not described in clause (iii) of the
preceding sentence whose entire Supplemental Benefit accrued and vested before January 1, 2005 (“Grandfathered Benefit”).
ARTICLE II
DEFINITIONS
2.1 "Beneficiary" or "Beneficiaries" means the person or persons designated as a Participant's joint or contingent annuitant and/or
beneficiary, if any, under the applicable Pension Plan(s).
2.2 "Board" means the Board of Directors of Honeywell International Inc.
2.3 "Code" means the Internal Revenue Code of 1986, as amended from time to time.