Honeywell 2008 Annual Report Download - page 256

3.2.1. Death Before Benefits Commence. If a Participant dies before the commencement of benefit payments from this Plan,
satisfies the eligibility requirements of Section 2.1.1 or 2.1.2 on the date of death, and is eligible for a pre-retirement survivor benefit
in the Base Plan, a benefit shall be payable to the Participant's survivor commencing as of the first day of the month following 105
days after the later of the Participant’s death or the date that would have been the participant’s Earliest Retirement Date. The survivor
shall be the individual, if any, who is entitled to the preretirement survivor benefit in the Base Plan. The benefit shall be the Actuarial
Equivalent of the amount the survivor would have received under this Plan if the Participant had terminated employment on the day
before death, had commenced benefit payments on the date described in the preceding sentence, and had died immediately thereafter,
and shall be paid (1) in the form of the annuity required by the Base Plan if the participant elected to receive his benefit in an annuity,
or (2) in all other cases, in the form of a single lump sum payment.
3.2.2. Death After Benefits Commence. If a Participant dies after the commencement of benefit payments from this Plan, the
benefit payable shall be unpaid installments of annuity, if any, which are to be continued for a joint annuitant or beneficiary under the
form of payment elected by the Participant under Section 4. If a participant receives his Supplemental Benefit in a single lump sum
payment, no Supplemental Benefit shall be paid to his surviving spouse or beneficiary following his death.
3.3. Special 1993 Vesting. As specified in the Prior Plan Statement, accrued benefits were determined and vested for certain
employees as of specified dates in 1993 and, to the extent a vested benefit was attributable to service after December 31, 1983, but
before January 1, 1994, the present value of that benefit was treated as "wages" for such employee for purposes of the Federal
Insurance Contribution Act (FICA) and the Federal Unemployment Act (FUTA). The amount of the vested benefit of individuals who
were named in the Prior Plan Statement and have not commenced benefits in the Plan as of the Effective Date are specified on Table
II.
SECTION 4
DISTRIBUTIONS
4.1. Forms of Payment. The following rules shall be used in determining the time and form of payment for a Participant’s benefit:
(a) Except as otherwise provided in this Section 4.1, the Actuarial Equivalent value of a Participant’s benefit shall be paid in a
single lump sum payment as of the first day of the month following 105 days after the later of the participant’s Separation from
Service Date or Earliest Retirement Date.