Honeywell 2010 Annual Report Download - page 140
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Exhibit 10.37
2006 Stock Incentive Plan
of Honeywell International Inc. and its Affiliates
STOCK OPTION AWARD AGREEMENT, FORM 2
STOCK OPTION AWARD AGREEMENT made in Morris Township, New Jersey, as of the [DAY] day of [MONTH, YEAR] (the "Date of Grant"),
between Honeywell International Inc. (the "Company") and [EMPLOYEE NAME] (the "Employee").
1. Grant of Option. The Company has granted you an Option to purchase [NUMBER] Shares of Common Stock, subject to the provisions of this
Agreement and the 2006 Stock Incentive Plan for Employees of Honeywell International Inc. and its Affiliates (the "Plan"). This Option is a
nonqualified Option.
2. Exercise Price. The purchase price of the Shares covered by the Option will be [DOLLAR AMOUNT] per Share.
3. Vesting. Except in the event of your death or Disability or the occurrence of a Change in Control, the Option will become exercisable in cumulative
installments as follows: [VESTING PROVISIONS CONSISTENT WITH THE PLAN].
4. Term of Option. The Option must be exercised prior to the close of the New York Stock Exchange ("NYSE") on [EXPIRATION DATE], subject to
earlier termination or cancellation as provided below. If the NYSE is not open for business on the expiration date specified, the Option will expire at the
close of the NYSE on the business day immediately preceding [EXPIRATION DATE].
5. Payment of Exercise Price. You may pay the Exercise Price by cash, certified check, bank draft, wire transfer, postal or express money order, or any
other alternative method specified in the Plan and expressly approved by the Committee. Notwithstanding the foregoing, you may not tender any form
of payment that the Committee determines, in its sole and absolute discretion, could violate any law or regulation.
6. Exercise of Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by contacting the Honeywell Stock Option
Service Center, managed by Morgan Stanley Smith Barney, by telephone at 1-888-723-3391 or 1-210-677-3660, or on the internet at
www.benefitaccess.com. If the Option is exercised after your death, the Company will deliver Shares only after the Committee has determined that the
person exercising the Option is the duly appointed executor or administrator of your estate or the person to whom the Option has been transferred by
your will or by the applicable laws of descent and distribution.