Honeywell 2010 Annual Report Download - page 125

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the Plan Employer Contributions previously credited during the period starting on July 1, 2010 and ending on December 31, 2010.
Effective for Participant Deferred Contributions posted to a Participant's Account on or after January 1, 2011, there shall be credited to the
Participant's Account Plan Employer Contributions in an aggregate amount equal to (i) minus (ii), where (i) is 31.25% (for Participants entitled to
a 31.25% Employer Contribution in the Qualified Savings Plans) or 62.5% (for Participants entitled to a 62.5% Employer Contribution in the
Qualified Savings Plans) of the lesser of (x) 8% of the Participant's Base Annual Salary without regard to any limitations that may apply under
the Code, or (y) the sum the Participant contributes as Before-Tax Contributions and/or After-Tax Contributions to the Qualified Savings Plans
and as Participant Deferred Contributions, and (ii) is the total amount of Employer Contributions contributed to the Participant's account under
the Qualified Savings Plans; provided, however, that in no event shall the combined Plan Employer Contributions and Savings Plan Employer
Contributions exceed 8% of the Participant's Base Annual Salary without regard to any limitations that may apply under the Code, and provided,
further, that Plan Employer Contributions shall not be made with respect to a Participant during any period of suspension of Employer
Contributions with respect to such Participant under the terms of the Qualified Savings Plans, whether or not such Participant continues to make
Participant Contributions under the Qualified Savings Plans during the period of such suspension."
2. In all other respects, the Plan shall remain the same.
/s/ Brian J. Marcotte
Brian J. Marcotte
Vice President, HR, Compensation & Benefits
January 6, 2011