Honeywell 2010 Annual Report Download - page 128

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you will forfeit any and all rights you have with respect to such grants as of the date of the Company's determination, and (ii) you agree and
promise to immediately deliver to Honeywell shares of common stock equal in value to the shares you received as a result of the extraordinary
equity vesting terms described herein.
This letter is intended to supplement, not supercede, any other rights Honeywell may have to recoup equity awards under the terms of the applicable award
agreements or to pursue other rights or remedies described more fully in Exhibits A or B, respectively.
All other terms and conditions of your equity grants shall remain subject to the terms and conditions of the applicable stock plans and award agreements.
Special Conditions
If, at any time while you are still employed by Honeywell, David M. Cote (a) ceases to be employed by Honeywell, or (b) ceases to be the Chief Executive
Officer of Honeywell, the extraordinary equity vesting terms described above shall apply immediately upon your resignation from Honeywell if you are not
selected to succeed Mr. Cote as Honeywell's Chief Executive Officer, provided you have not violated the terms and conditions set forth above prior to your
resignation/termination date (except six (6) months shall be substituted for twelve (12) months with respect to the provision of transition services and you may
engage in an external CEO search or accept a position with another company while still employed by Honeywell). Nothing contained in this paragraph shall
abrogate your responsibilities under the "Employee Agreement Relating to Trade Secrets, Proprietary and Confidential Information" and "Employee Non-
Competition Agreement," or otherwise diminish Honeywell's rights under the clawback provisions described above.
Roger, I very much look forward to continuing working with you. Your talent, experience and background are terrific assets to Honeywell.
Please indicate your acceptance of the terms and conditions of this letter by returning a signed copy of this letter, along with signed copies of Exhibits A and
B, to my attention.
Congratulations,
/s/ David M. Cote
David M. Cote
Chief Executive Officer and Chairman of the Board
Honeywell International Inc.
Read and Accepted:
/s/ Roger Fradin
Roger Fradin
Date: October 18, 2010
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