Honeywell 2008 Annual Report Download - page 251

Honeywell Supplemental Defined Benefit Retirement Plan (the "Plan"). Honeywell Inc. became a wholly owned subsidiary of
Honeywell International Inc. on December 2, 1999 and the Plan was subsequently amended and restated December 30, 2000. The Plan
is intended to be, in part, an unfunded excess benefit plan within the meaning of section 3(36) ERISA and, in part, an unfunded plan
maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated
employees as provided in sections 201(2), 301(3) and 401(a)(1) of ERISA.
The Plan as amended and restated effective January 1, 2009 applies to a Participant who (i) has any portion of a benefit that accrues on
or after January 1, 2005, (ii) has any portion of a 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
Base 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 benefit accrued
and vested before January 1, 2005 (“Grandfathered Benefit”).
1.2. Definitions. When used herein with initial capital letters, the following words have the following meanings:
1.2.1 Base Plan - the portion of the tax-qualified Honeywell Retirement Earnings Plan providing pension benefits to employees
under the Honeywell Retirement Benefit Plan formula and provisions as set forth in the applicable Supplement to the Honeywell
Retirement Earnings Plan as the same exists and is amended from time to time.
1.2.2. Committee - the Management Development and Compensation Committee of the Board of Directors of Honeywell
International Inc. If no such committee exists at any relevant time, the duties allocated to such committee under this Plan shall be
discharged by the Board of Directors of Honeywell or a person or committee to whom such duties may be delegated by the Board of
Directors.
1.2.3. Earliest Retirement Date –the earliest date as of which the participant would be eligible to commence the receipt of his Base
Plan benefit, whether or not he elects to commence receipt of such Base Plan benefit as of such date.
1.2.4. Effective Date - April 5, 2004.
1.2.5. Employer - Honeywell International Inc. and any business entity that, with the approval of Honeywell adopts the Plan.
1.2.6. Participant - an employee of the Employer who becomes a Participant in the Plan in accordance with the provisions of
Section 2 (or any comparable provision of the Prior Plan Statements).