Honeywell 2008 Annual Report Download - page 254

2.2. Exclusions. The following employees shall be excluded from participation in the Plan:
2.2.1 Non-Members of a Select Group of Management or Highly Compensated Employees. Notwithstanding anything to the
contrary in this Plan or in any written communication, summary, resolution or document or oral communication, unless an individual
is a member of a select group of management or highly compensated employees (as that expression is used in ERISA), the individual
shall not be a Participant in this Plan, develop benefits under this Plan or be entitled to receive benefits under this Plan (either for the
Participant or the Participant's survivors) except to the extent that the individual's benefits in Base Plan are reduced on account of
Code section 415 limits. If a court of competent jurisdiction, any representative of the U.S. Department of Labor or any other
governmental, regulatory or similar body makes any direct or indirect, formal or informal, determination that an individual is not a
member of a select group of management or highly compensated employees (as that expression is used in ERISA), such individual
shall not be (and shall not have ever been) a Participant in this Plan at any time except to the extent that the individual's benefits in
Base Plan are reduced on account of Code section 415 limits. If any person not so defined has been erroneously treated as a Participant
in this Plan, upon discovery of such error such person's erroneous participation shall immediately terminate ab initio and upon demand
such person shall be obligated to reimburse Honeywell for all amounts erroneously paid to him or her.
2.2.2 Participants in the Honeywell International Inc. Supplemental Pension Plan or Honeywell International Inc. Supplemental
Executive Retirement Plan for Executives in Career Band 6 and Above. An employee entitled to a supplemental benefit under the
Honeywell International Inc. Supplemental Pension Plan or the Honeywell International Inc. Supplemental Executive Retirement Plan
for Executives in Career Band 6 and Above shall not be a Participant in this Plan and shall not be entitled to any benefit under this
Plan.
2.3. Duration. Any employee who has become a Participant in this Plan shall continue as a Participant until all benefits due under this
Plan have been paid (or forfeited) without regard to whether he or she continues as a participant in the Base Plan.
SECTION 3
BENEFITS
3.1. Participant Benefits.
3.1.1 Basic Benefit. Commencing as of the payment date required under Section 4 below, a Participant satisfying the participation
requirements of Section 2.1.1 shall receive a benefit in this Plan which shall be the excess, if any, of: