Honeywell 2008 Annual Report Download - page 244

in calculating a Participant’s Supplemental Benefit. In no event shall Honeywell be required to recalculate or otherwise true up the
Supplemental Benefit actually paid.
(f) Notwithstanding any provision of this Section 4.2 to the contrary, payment to a Participant under all supplemental defined
benefit pension plans shall begin at the same time and in the same form of payment to the extent such payments relate to the same
period of Credited Service.
(g) Notwithstanding any provision of this Section 4.2 to the contrary, if a Participant is a Specified Employee at his Separation
from Service Date and payment under this Section 4.2 is required to be made or commence within the 6-month period following his
Separation from Service Date, such payment shall be delayed if it is to be made in a single lump sum payment or accumulated if it is
to be made in an annuity until the earlier of the first day of the seventh month following the Separation from Service Date or the first
day of the month following the Participant’s death, with no interest or earnings accruing on the delayed payments.
4.4 Death and Disability Benefits. As more fully described in Section 4.1, this Plan provides benefits only for Executives who are
receiving early or normal retirement benefits under a Pension Plan. The Plan does not provide pre-retirement death benefits, disability
benefits or any other type of ancillary benefits that may be available under the Retirement Program or the applicable Pension Plan.
ARTICLE V
ADMINISTRATION
5.1 Plan Administrator. The Plan Administrator and "named fiduciary" for purposes of ERISA shall be the Senior Vice President-
Human Resources and Communications of the Company (or any senior officer of the Company succeeding to the principal
responsibilities of such officer). The Plan Administrator shall have the authority to appoint one or more other named fiduciaries of the
Plan and to designate persons, other than named fiduciaries, to carry out fiduciary responsibilities under the Plan, pursuant to Section
405(c)(1)(B) of ERISA.
5.2 Powers and Duties of Plan Administrator. The Plan Administrator shall have the full discretionary power and authority to construe
and interpret the Plan (including, without limitation, supplying omissions from, correcting deficiencies in, or resolving inconsistencies
or ambiguities in, the language of the Plan); to determine all questions of fact arising under the Plan, including questions as to
eligibility for and the amount of benefits; to establish such rules and regulations (consistent with the terms of the Plan) as it deems
necessary or appropriate for administration of the Plan; to delegate responsibilities to others to assist it in administering the Plan; to
retain attorneys, consultants, accountants, actuaries or other persons (who may be employees of the Company) to render advice and
assistance as it shall determine to be necessary to effect the proper discharge of any duty for which it is responsible; to prepare and
distribute to Participants information explaining the Plan; to prescribe procedures to be followed by Participants and Beneficiaries
filing applications for benefits; and to perform all other acts it believes reasonable and proper in connection with the administration of
the Plan. The Plan