United Technologies Corporation
10 Farm Springs Road
Farmington, CT 06032
a1040utcleg1176011v1im.jpg [a1040utcleg1176011v1im.jpg]

February 3, 2020
Dear Ms. Marks:
The purpose of this letter is to confirm an amendment to the terms of certain
awards granted to you under the UTC Long Term Incentive Plan (the “LTIP”) dated
November 1, 2017 (excluding the ELG award granted on that date), January 2, 2018
and February 5, 2019 (the “Awards”). As a result of Compensation Committee
action taken at its meeting of January 31, 2020, these awards will now be
subject to modified treatment in the event you are involuntarily terminated from
Otis Worldwide Corporation (“Otis”) for reasons other than cause (as defined in
Section 1(h) of the LTIP). Specifically, in the event of such an involuntary
termination, the Awards will be subject to the same treatment provided for
retirement eligible participants. Accordingly, the Awards (and each Award
Agreement and Schedule of Terms, as applicable) are hereby amended, effective
immediately, to provide that, in the event of involuntary, not for cause
termination, the following will occur:
(i)Awards held for more than one year will not be subject to forfeiture;
(ii)Awards comprised of restricted share units (“RSUs”) held for more than one
year (including the sign on RSU grant dated November 1, 2017) will fully vest,
provided, however, that your Executive Leadership Group RSU award dated November
1, 2017 will remain subject to the vesting criteria applicable to ELG RSU
awards;
(iii)Awards comprised of performance share units (“PSUs”) held for more than one
year that will be converted into time-based RSUs upon the spinoff of Otis will
remain eligible to vest on the original vesting date;
(iv)Awards comprised of stock appreciation rights (“SARs”) held for more than
one year will fully vest and become exercisable immediately following the date
of termination and remain exercisable until the SAR expiration date; and
(v)Your 2020 LTIP grant will be subject to the vesting provisions set forth
above.

--------------------------------------------------------------------------------

Vesting treatment is not affected by this Amendment should you resign
voluntarily or if termination occurs for cause. This amendment shall continue to
apply to the Awards following the transfer of such Awards from UTC to Otis. All
other terms of the LTIP and any successor Otis plan continue to apply to the
Awards except as expressly modified herein. The Awards remain subject to
conversion and adjustment resulting from the

--------------------------------------------------------------------------------

-2-
spinoff of Otis, consistent with the treatment and methodology applicable to
Otis awards generally.
Very truly yours,
/s/ Jeffrey W. Kridler

Jeffrey W. Kridler
Corporate Vice President, Total Rewards

Acknowledged and Accepted

--------------------------------------------------------------------------------

/s/ Judy Marks    3 February 2020
Judy Marks      Date