Honeywell 2010 Annual Report Download - page 157

prior to accepting employment or continued employment with Honeywell and that execution of this agreement was an express condition of my
employment or continued employment.
14. Effectiveness of Agreement. This agreement becomes effective when I sign it, my obligations under it continue throughout the entire period of time I
am employed by Honeywell, without regard to the business organization within Honeywell with which I am associated and these obligations will
continue after, and survive, the end of my employment by Honeywell. This agreement replaces previous agreements relating to the subject matter of
this agreement and shall be deemed effective as of the first day of my employment by Honeywell just as though I had executed this agreement on that
first day except that such replacement shall not affect rights and obligations of me or Honeywell arising out of any such prior agreement, which rights
and obligations shall continue to be in effect.
15. Identity of Future Employer. Upon termination of my employment for any reason, if reasonably requested by Honeywell, I shall advise Honeywell of
the name and address of my intended future employer.
16. Remedies. I acknowledge that a remedy at law for any breach or threatened breach of the provisions of this Agreement would be inadequate and
therefore agree that Honeywell shall be entitled to injunctive relief in case of any such breach or threatened breach. In the event that a court determines
that I have breached or threatened to breach this agreement, I agree to reimburse Honeywell for all attorneys' fees and costs incurred in enforcing the
terms of the agreement. However, nothing contained herein shall be construed as prohibiting Honeywell from pursuing any other remedies available for
any such breach or threatened breach against me or my then-current employer which may also include but not be limited to contract damages, lost
profits and punitive damages.
17. Successors; Binding Agreement. This agreement binds my heirs, executors, administrators, legal representatives and assigns and inures to the benefit
of Honeywell and its successors and assigns. Only a written amendment executed by both Honeywell and me can modify this agreement.
18. Governing Law. This agreement shall be governed by and construed in accordance with the laws of the State of New Jersey without regard to its
principles of conflicts of law.
19. Validity. It is the desire and intent of the parties hereto that the provisions of this agreement shall be enforced to the fullest extent legally-permissible.
Accordingly, if any particular provision(s) of this agreement shall be adjudicated to be invalid or unenforceable, the court may modify or sever such
provision(s), such modification or deletion to apply only with respect to the operation of such provision(s) in the particular jurisdiction in which such
adjudication is made. In addition, if any one or more of the provisions contained in this agreement shall for any reason be held to be excessively broad
as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible
with the applicable law as it shall then appear. The remaining provisions of this agreement shall remain in full force and effect.
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