Honeywell 2008 Annual Report Download - page 242

of services performed over the immediately preceding 36-month period (or, if shorter, the entire period of the Participant’s
employment by Honeywell and its subsidiaries and affiliates).
2.16 “Specified Employee” means any Participant who, at any time during the twelve (12) month period ending on the identification
date (as determined by the Vice President, Compensation and Benefits or his delegate), is a specified employee under Section 409A of
the Code, as determined by the Vice President, Compensation and Benefits or his delegate, which determination of “specified
employees” and identification date shall be made by the Vice President, Compensation and Benefits or his delegate in accordance with
the provisions of Sections 416(i) and 409A of the Code and the regulations issued thereunder.
2.17 "Supplemental Benefit" means the benefit described in Section 4.1 of the Plan.
2.18 "Supplemental Pension Plan" means the Honeywell International Inc. Supplemental Pension Plan, as the same may be amended
from time to time, and any successor plan.
ARTICLE III
PARTICIPATION
3.1 Eligibility - In General. Participation in the Plan shall be limited to those Executives who have earned Credited Service under a
Pension Plan other than the Retirement Program. Notwithstanding the previous sentence, no Executive who has entered into any
individual agreement or arrangement with the Company concerning retirement benefits shall be entitled to any benefit under Article
IV except to the extent otherwise expressly provided in such agreement or arrangement.
3.2 Status at Termination/Retirement Date. No benefits shall be payable under the Plan if on the date of such individual's termination
of employment or retirement date, as applicable, the Executive (a) is not employed by the Company in a Career Band 6 or above
position, (b) is entitled to any severance benefits payable under the Honeywell Key Employee Severance Plan or under any other
contract, agreement or arrangement between the Executive and Honeywell Inc. (or its successors or affiliates) that are attributable to
any "change in control" of Honeywell Inc. in 1999 as defined in such Plan or other contracts, agreements or arrangements, or (c) is a
participant in the Retirement Earnings Plan portion of the Honeywell Retirement Earnings Plan.
ARTICLE IV
BENEFITS
4.1 Amount of Benefit. Subject to the terms of this Article IV, a Participant shall receive a monthly Supplemental Benefit. The
monthly Supplemental Benefit shall be determined by comparing (a) the sum of the monthly retirement benefits (normal or early)
actually payable to the Participant under the Pension Plan(s) and the Supplemental Pension Plan (as applied to the applicable Pension
Plan(s)) in accordance with the form of payment applicable to the Participant, and (b) the sum of the monthly retirement benefits
(normal or early) that would be payable to the