Honeywell 2010 Annual Report Download - page 141
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7. Termination, Retirement, Disability or Death. The Option will vest and remain exercisable as follows:
Event Vesting Exercise
Death Immediate vesting as of death. Expires earlier of (i) original expiration date, or (ii) 3 years after death.
Disability Immediate vesting as of
incurrence of Disability.
Expires earlier of (i) original expiration date, or (ii) 3 years after Disability.
Full Retirement (Voluntary
Termination of Employment on or
after age 60 and 10 Years of
Service)
Unvested Awards forfeited as of
Full Retirement.
Expires earlier of (i) original expiration date, or (ii) 3 years after retirement. If you die
prior to end of this 3-year period, expires earlier of (i) original expiration date, or (ii) 1
year after death.
Early Retirement (Termination of
Employment because of
retirement from active
employment on or after age 55
and 10 Years of Service)
Unvested Awards forfeited as of
Early Retirement.
Expires earlier of (i) original expiration date, or (ii) 3 years after retirement. If you die
prior to end of this 3-year period, expires earlier of (i) original expiration date, or (ii) 1
year after death.
Voluntary termination Unvested Awards forfeited as of
Termination of Employment.
Expires earlier of (i) original expiration date, or (ii) 30 days after termination. If you
die prior to end of this 30- day period, expires earlier of (i) original expiration date, or
(ii) 1 year after death.
Involuntary termination not for
Cause
Unvested Awards forfeited as of
Termination of Employment.
Expires earlier of (i) original expiration date, or (ii) 1 year after termination. If you die
prior to end of this 1-year period, expires earlier of (i) original expiration date, or (ii) 1
year after death.
Involuntary termination for Cause Unvested Awards forfeited as of
Termination of Employment.
Vested Awards immediately cancelled.
Except as expressly provided herein, all rights hereunder shall cease to accrue as of the date of your termination of employment with the Company and its
Affiliates. You will forfeit the unvested portion of any award and all rights to continue vesting in awards shall cease as of the date of Termination of
Employment. Further, you will not be entitled to receive
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