Honeywell 2008 Annual Report Download - page 299

2.33 “Restricted Stock” means Shares issued pursuant to Section 4.5 that are subject to any restrictions that the Committee, in its
discretion, may impose.
2.34 “Restricted Unit” means a Unit granted under Section 4.5 to acquire Shares or an equivalent amount in cash, which Unit is subject to
any restrictions that the Committee, in its discretion, may impose.
2.35 “Share” means a share of Common Stock.
2.36 “Stock Appreciation Right” means a right granted under Section 4.3 of the Plan to an amount in cash or Shares equal to any increase
in the Fair Market Value of the Shares between the date on which the Stock Appreciation Right is granted and the date on which the right is
exercised.
2.37 “Other Stock-Based Award” means an Award granted under Section 4.6 of the Plan and denominated in Shares.
2.38 “Stock Option” means a right granted under Section 4.3 of the Plan to purchase from the Company a stated number of Shares at a
specified price. Stock Options awarded under the Plan may be in the form of Incentive Stock Options or Nonqualified Stock Options.
2.39 “Target Amount” means the amount of Growth Plan Units that will be paid if the Performance Measure is met at the 100% level, as
determined by the Committee.
2.40 “Target Vesting Percentage” means the percentage of Performance Awards that will vest or become exercisable if the Performance
Measure is met at the 100% level, as determined by the Committee.
2.41 “Termination of Employment” means the date of cessation of an Employee's employment relationship with the Company or any
Affiliate for any reason, with or without Cause, as determined by the Company. Except as otherwise provided by the Committee in an Award
Agreement, (a) termination of employment shall be determined without regard to statutory or contractual notice periods for termination of
employment, dismissal, redundancy, and similar events, and (b) if an Employee's employment is terminated under circumstances that entitle
the Employee to severance benefits pursuant to any applicable severance plan of the Company or an Affiliate in which the Employee
participates, the Employee's employment relationship with the Company or an Affiliate will cease on the day prior to the date that severance
benefits become payable under the terms of the applicable severance plan without regard to any delay in payment required by Section 409A of
the Code. Notwithstanding the foregoing, (a) if an Affiliate ceases to be an Affiliate while an Award granted to an Employee of that