Honeywell 2010 Annual Report Download - page 123

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Exhibit 10.5
AMENDMENT 2010-1
TO THE
SUPPLEMENTAL NON-QUALIFIED SAVINGS PLAN FOR
HIGHLY COMPENSATED EMPLOYEES OF
HONEYWELL INTERNATIONAL INC. AND ITS SUBSIDIARIES
(Amended and Restated Effective January 1, 2009)
The Supplemental Non-Qualified Savings Plan for Highly Compensated Employees of Honeywell International Inc. and its Subsidiaries (the "Plan") is
hereby amended pursuant to Section 13(f) of the Plan, effective as of January 1, 2011, as follows:
1. Section 5(a) of the Plan is hereby amended in its entirety as follows:
(a) Participant Deferred Contributions. For a particular Plan Year, a Participant may elect to defer an aggregate amount equal to (i) the difference
between the maximum percentage of Base Annual Salary that the Participant may contribute for the Plan Year as Before-Tax Contributions or Roth
Contributions under the Qualified Savings Plan (8% for 2011), without regard to any other limitations that may apply under the Code, and the actual Before-
Tax Contributions or Roth Contributions the Participant contributes to the Qualified Savings Plans for the Plan Year, and/or (ii) from 1% to 25% (in whole
percentages) of such Participant's Base Annual Salary, without regard to any other limitations which may apply under the Code (collectively, "Participant
Deferred Contributions"); provided, however, that a Participants who elects to defer any amount hereunder shall be required to make the maximum Before-
Tax Contributions or Roth Contributions, as applicable, permissible under the Qualified Savings Plan for the applicable Plan Year (after giving effect to
deferrals under the Plan or otherwise). For purposes of any "spillover" of deferrals from the Qualified Savings Plans, any amounts that were contributed as
Roth Contributions to the Qualified Savings Plans shall be contributed as pre-tax contributions to the Plan."
2. The term "Before-Tax Contributions" in Section 5(b) of the Plan shall be replaced with "Before-Tax Contributions or Roth Contributions"
everywhere it appears in this section.
3. In all other respects, the Plan shall remain the same.