Honeywell 2008 Annual Report Download - page 279

of, all documents, records, and other information relevant to the claimant's claim for benefits, and (iv) a statement describing any
voluntary appeals procedures offered by the Plan and the claimant's right to obtain information about such procedures, and a statement
of the claimant's right to bring an action under Section 502(a) of ERISA. All interpretations, determinations and decisions of the Plan
Administrator in respect of any claim shall be made in its sole discretion based on the applicable Plan documents and shall be final,
conclusive and binding on all parties.
5.4 Indemnification
To the extent permitted by law, the Corporation shall indemnify the Plan Administrator from all claims for liability, loss, or
damage (including payment of expenses in connection with defense against such claims) arising from any act or failure to act in
connection with the Plan.
ARTICLE VI
UNFUNDED OBLIGATION
All benefits payable under this Plan shall constitute an unfunded obligation of the Corporation. Payments shall be made, as due,
from the general funds of Corporation. This Plan shall constitute solely an unsecured promise by the Corporation to pay severance
benefits to participants to the extent provided herein.
ARTICLE VII
INALIENABILITY OF BENEFITS
No Participant shall have the power to transfer, assign, anticipate, mortgage or otherwise encumber any rights or any amounts
payable under this Plan; nor shall any such rights or amounts payable under this Plan be subject to seizure, attachment, execution,
garnishment or other legal or equitable process, or for the payment of any debts, judgments, alimony, or separate maintenance, or be
transferable by operation of law in the event of bankruptcy, insolvency, or otherwise. In the event a person who is receiving or is
entitled to receive benefits under the Plan attempts to assign, transfer or dispose of such right, or if an attempt is made to subject such
right to such process, such assignment, transfer or disposition shall be null and void.
ARTICLE VIII
WITHHOLDING
The Corporation shall have the right to withhold any taxes required to be withheld with respect to any payments due under this
Plan. Each Participant, however, shall be responsible for the payment of all individual tax liabilities relating to any such benefits.
ARTICLE IX
AMENDMENT OR TERMINATION
9.1 Plan Amendments
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