EXHIBIT 10.2


2011 Stock Incentive Plan

of Honeywell International Inc. and its Affiliates


Restricted
Unit Agreement


RESTRICTED UNIT AGREEMENT
made in Morris Township, New Jersey, as of the [DAY] day of [MONTH, YEAR] (the “Award Date”) between Honeywell International
Inc. (the “Company”) and [EMPLOYEE NAME] (the “Employee”).


		1.	Grant of Award. The Company has granted you [NUMBER]
Restricted Units, subject to the provisions of this Agreement and the 2011 Stock Incentive Plan of Honeywell International Inc.
and its Affiliates (the “Plan”). The Company will hold the Restricted Units [and Additional Restricted Units (as defined
in Section 2)] in a bookkeeping account on your behalf until they become payable or are forfeited or cancelled.



		2.	[FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION:
Dividend Equivalents.  Except as otherwise determined by the Committee, in its sole discretion, you will earn Dividend Equivalents
in an amount equal to the value of any cash or stock dividends paid by the Company upon one Share of Common Stock for each unvested
Restricted Unit or Additional Restricted Unit (as defined below) credited to your bookkeeping account on a dividend record date.
In the case of cash dividends, the Company shall credit to your bookkeeping account, on each dividend payment date, an additional
number of Restricted Units (“Additional Restricted Units”) equal to (a) divided by (b), where (a) equals the total
number of unvested Restricted Units and Additional Restricted Units, if any, subject to this Agreement on such date multiplied
by the dollar amount of the cash dividend paid per Share of Common Stock on such date, and (b) equals the Fair Market Value of
a Share on such date. If a dividend is paid to holders of Common Stock in Shares, the Company shall credit to you, on each dividend
payment date, Additional Restricted Units equal to the total number of unvested Restricted Units and Additional Restricted Units
subject to this Agreement on such date multiplied by the Share dividend paid per Share of Common Stock on such date. Additional
Restricted Units are subject to the same restrictions, including but not limited to vesting, transferability and payment restrictions,
that apply to the Restricted Units to which they relate.] 



		3.	Payment Amount. Each Restricted Unit [and Additional
Restricted Unit] represents one (1) Share of Common Stock. 



		4.	Vesting. Except in the event of your Termination
of Employment due to death[ or Full Retirement], the incurrence of a Disability, or as otherwise provided in Section 8 of this
Agreement relating to a Change in Control, the Restricted Units [and Additional Restricted Units] will vest as follows: [VESTING
PROVISIONS CONSISTENT WITH THE PLAN]. 










		5.	Form and Timing of Payment. Vested Restricted
Units will be redeemed solely for Shares. [FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION: Except as otherwise determined by
the Management Development and Compensation Committee (the “Committee”), in its sole discretion, vested Additional
Restricted Units will be redeemed solely for Shares.] [Subject to a deferral election made pursuant to Section 12, and] except
as otherwise provided in Section 7(b) below, payment of vested Restricted Units [and Additional Restricted Units] will be made
as soon as practicable following the applicable vesting date but in no event later than two and one-half (2-1/2) months following
the end of the calendar year in which the vesting date occurs. As determined by the Company in its sole discretion prior to the
vesting date, any fractional Shares may be paid in cash or rounded up or down to the nearest whole Share. 



		6.	Termination of Employment. Except as otherwise
provided in Sections 7(a) and 8 of this Agreement, any Restricted Units [and Additional Restricted Units] that have not vested
as of your Termination of Employment will immediately be forfeited, and your rights with respect to these Restricted Units [and
Additional Restricted Units] will end. 



		7.	Full Retirement, Death or Disability. 



		a.	Vesting. If your Termination of Employment occurs
due to death or you incur a Disability before the last vesting date described in Section 4 of this Agreement, all of your unvested
Restricted Units [and Additional Restricted Units] will vest as of your Termination of Employment or Disability, as applicable.
If you are deceased, the Company will make a payment to your estate only after the Committee has determined that the payee is the
duly appointed executor or administrator of your estate, subject to Section 7.14 of the Plan.



[INCLUDE AS APPLICABLE: If
your Termination of Employment due to Full Retirement occurs before the last vesting date described in Section 4 of this Agreement,
you will be vested in an additional number of Restricted Units [and related Additional Restricted Units] equal to the product of
(a) times (b), minus (c), where (a) equals the total number of Restricted Units specified in Section 1 of this Agreement [plus
the total number of Additional Restricted Units (both vested and unvested) credited to you as of your Termination of Employment],
(b) equals the ratio of your complete years of service as an employee of the Company or its Affiliates between the Award Date and
your Termination of Employment, and the number of complete years of service required under this Agreement to be fully vested in
all Restricted Units [and Additional Restricted Units], and (c) equals the number of Restricted Units [and Additional Restricted
Units] that vested before your Termination of Employment.


OR For the avoidance of doubt,
if your Termination of Employment due to Full Retirement occurs before the last vesting date described in Section 4 of this Agreement,
you will not vest in any Restricted Units [or Additional Restricted Units] as a result of your termination.


OR If your Termination of
Employment due to Full Retirement occurs before the last vesting date described in Section 4 of this Agreement, you will be vested
in an








additional number of Restricted Units [and related
Additional Restricted Units] equal to [INSERT VESTING PROVISION ON FULL RETIREMENT].]


		b.	Payment. [Subject to a deferral election made
pursuant to Section 12,] if your Termination of Employment occurs due to death[ or Full Retirement,] or you incur a Disability,
before the last vesting date described in Section 4 of this Agreement, payment for vested Restricted Units [and Additional Restricted
Units] will be made as soon as practicable following your Termination of Employment or Disability, as applicable, but in no event
later than the last day of the calendar year in which such Termination of Employment or Disability occurs. [INCLUDE AS APPLICABLE:
Notwithstanding the preceding sentence, if you are a “specified employee” under Section 409A of the Code as of the
date of your Termination of Employment occurs due to Full Retirement, payment for vested Restricted Units [and Additional Restricted
Units] will be made on the first business day of the first calendar month that begins after the six-month anniversary of your Termination
of Employment, or, if earlier, your death.



[Subject to a deferral election
made pursuant to Section 12,] if (i) you are eligible for Full Retirement on the Award Date or you become eligible for Full Retirement
before the last vesting date described in Section 4 of this Agreement and (ii) your Termination of Employment does not occur before
the last vesting date described in Section 4 of this Agreement, payment for vested Restricted Units [and Additional Restricted
Units] will be made as soon as practicable following the applicable vesting date described in Section 4 of this Agreement but in
no event later than the last day of the calendar year in which each such vesting date occurs.]


		8.	Change in Control. In the event of a Change in
Control, the following provisions apply:



		a.	Cashout of Awards. Unless adjusted or exchanged
                                                                                                                       pursuant
                                                                                                                       to
                                                                                                                       Section
                                                                                                                       5.3(c), 5.3(d)(ii) or 5.3(e) of the Plan (concerning rollover of outstanding awards in certain circumstances), Restricted
                                                                                                                       Units [and
                                                                                                                       Additional
                                                                                                                       Restricted
                                                                                                                       Units] that
                                                                                                                       have
                                                                                                                       not
                                                                                                                       vested or
                                                                                                                       terminated as of the date of the Change in Control will immediately vest. No later than the earlier of 90 days after the
                                                                                                                       date
                                                                                                                       of the Change in Control or two and one-half months after the end of the calendar year in which the Change in Control
                                                                                                                       occurs,
                                                                                                                       you will receive for the Restricted Units [and Additional Restricted Units] a single payment in cash equal to the product of
                                                                                                                       the number of outstanding Restricted Units [and Additional Restricted Units] as of the date of the Change in Control
                                                                                                                       (including any Restricted Units [and Additional Restricted Units] that vest pursuant to this Section 8) and an amount equal
                                                                                                                       to the greater of (i) the highest price per Share paid by the Successor, as determined by the Committee, and (ii) the
                                                                                                                       highest
                                                                                                                       Fair Market Value during the period of 90 days that ends on the date of the Change in Control. Any securities or other
                                                                                                                       property that is part or all of the consideration paid for Shares pursuant to the Change in Control will be valued at the
                                                                                                                       higher of (x) the valuation placed on the securities or property by any entity that is a party with the Company to the
                                                                                                                       Change
                                                                                                                       in Control, or (y) the valuation placed on the securities or property by the Committee.









		b.	Rollover of Awards. If adjusted or exchanged pursuant to Section 5.3(c),
5.3(d)(ii) or 5.3(e) of the Plan (concerning rollover of outstanding awards in certain circumstances), Restricted Units [and Additional Restricted Units] that have not vested or terminated as of the
date of the Change in Control will continue to vest in accordance with the schedule described in Section 4 of this Agreement (or
as adjusted if more favorable); provided, however, that if you incur an involuntary Termination of Employment not for Cause (as
defined in Section 2.7 of the Plan) or a voluntarily Termination of Employment for Good Reason (as defined in Section 5.4(d) of
the Plan) on or before the second anniversary of the date of the Change in Control, Restricted Units [and Additional Restricted
Units] that have not vested or terminated as of your Termination of Employment will immediately vest in full and be settled no
later than the earlier of 90 days after the Termination of Employment or two and one-half months after the end of the calendar
year in which the Termination of Employment occurs.



		9.	Withholdings. The Company or your local employer
shall have the power and the right to deduct or withhold, or require you to remit to the Company or to your local employer, prior
to any issuance or delivery of Shares on Restricted Units [or Additional Restricted Units], an amount sufficient to satisfy taxes
imposed under the laws of any country, state, province, city or other jurisdiction, including but not limited to income taxes,
capital gain taxes, transfer taxes, and social security contributions, and National Insurance Contributions, that are required
by law to be withheld as determined by the Company or your local employer. 



		10.	Transfer of Award. You may not transfer the Restricted
Units, [Additional Restricted Units] or any interest in such Units except by will or the laws of descent and distribution or except
as otherwise permitted by the Committee and as specified in the Plan. Any other attempt to dispose of your interest will be null
and void. 



		11.	Requirements for and Forfeiture of Award. 



		a.	General. The Award is expressly contingent upon
you complying with the terms, conditions and definitions contained in this Section 11 and in any other agreement (including but
not limited to Section 11 of the Stock Option Award Agreement for the Option granted on February 25, 2011, if applicable) that
governs your noncompetition with Honeywell, your nonsolicitation of Honeywell’s employees, customers, suppliers, business
partners and vendors, and/or your conduct with respect to Honeywell’s trade secrets and proprietary and confidential information.




		b.	Remedies. 



		1.	You expressly agree and acknowledge that the forfeiture
provisions of subsection 11.b.2. of this Agreement shall apply if, from the Award Date until the date that is twenty-four (24)
months after your Termination of Employment for any reason, you (i) enter into an employment, consultation or similar agreement
or arrangement (including any arrangement for service as an agent, partner, stockholder, consultant, officer or director) with
any entity or person engaged in a business in which Honeywell is engaged if the business is competitive (in the sole judgment of
the Committee) with Honeywell and










the Committee has not approved the agreement
or arrangement in writing, or (ii) make any statement, publicly or privately (other than to your spouse and legal advisors), which
would be disparaging (as defined below) to Honeywell or its businesses, products, strategies, prospects, condition, or reputation
or that of its directors, employees, officers or members; provided, however, that nothing shall preclude you from making any statement
in good faith which is required by any applicable law or regulation or the order of a court or other governmental body, or (iii)
write or contribute to a book, article or other media publication, whether in written or electronic format, that is in any way
descriptive of Honeywell or your career with Honeywell without first submitting a draft thereof, at least thirty (30) days in advance,
to the Honeywell International Inc. Senior Vice President and General Counsel, whose judgment about whether such book, article
or other media publication is disparaging shall be determinative; or such a book, article or other media publication is published
after a determination that it is disparaging.


For purposes of this subsection
11.b.1, the term “disparaging” shall mean any statement or representation (whether oral or written and whether true
or untrue) which, directly or by implication, tends to create a negative, adverse, or derogatory impression about the subject of
the statement or representation or which is intended to harm the reputation of the subject of the statement or representation.


		2.	In addition to the relief described in any other agreement
that governs your noncompetition with Honeywell, your nonsolicitation of Honeywell’s employees, customers, suppliers, business
partners and vendors, and/or your conduct with respect to Honeywell’s trade secrets and proprietary and confidential information,
if the Committee determines, in its sole judgment, that you have violated the terms of any such agreement, or you have engaged
in an act that violates subsection 11.b.1. of this Agreement, (i) any Restricted Units [and Additional Restricted Units] that have
not vested under this Agreement shall immediately be cancelled, and you shall forfeit any rights you have with respect to such
Units as of the date of the Committee’s determination, and (ii) you shall immediately deliver to the Company Shares equal
in value to the Restricted Units [and Additional Restricted Units] you received during the period beginning twelve (12) months
prior to your Termination of Employment and ending on the date of the Committee’s determination.



		3.	Notwithstanding anything in the Plan or this Agreement
to the contrary, you acknowledge that the Company may be entitled or required by law, Company policy or the requirements of an
exchange on which the Shares are listed for trading, to recoup compensation paid to you pursuant to the Plan, and you agree to
comply with any Company request or demand for recoupment. 



		12.	[FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION:
Deferral of Payment. If you would like to defer payment on the Restricted Units and related Additional Restricted Units,
you may do so in writing on the deferral form provided with









this grant setting forth your desired payment
schedule. The deferral will not be permitted if, within the determination of the Company, such deferral would result in a violation
of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations promulgated thereunder.
If the deferral is not permitted, then payment will be made as provided in Section 5 or 7(b), as applicable. All Additional Restricted
Units will be subject to the same deferral restrictions as the Restricted Units to which they relate. Except as otherwise determined
by the Company, Dividend Equivalents credited on deferred Restricted Units and deferred Additional Restricted Units will be paid
in cash as soon as practicable following the date such Dividend Equivalents are credited but in no event later than 2-1/2 months
following the end of the year in which the Dividend Equivalents vest.]


		13.	Restrictions on Payment of Shares. Payment of
Shares for your Restricted Units [and Additional Restricted Units] is subject to the conditions that, to the extent required at
the time of exercise, (i) the Shares underlying the Restricted Units [and Additional Restricted Units] will be duly listed, upon
official notice of redemption, upon the New York Stock Exchange, and (ii) a Registration Statement under the Securities Act of
1933 with respect to the Shares will be effective. The Company will not be required to deliver any Common Stock until all applicable
federal and state laws and regulations have been complied with and all legal matters in connection with the issuance and delivery
of the Shares have been approved by counsel for the Company.



		14.	Adjustments. Any adjustments to the Restricted
Units [and Additional Restricted Units] will be governed by Section 5.3 of the Plan. 



		15.	Disposition of Securities. By accepting the Award,
you acknowledge that you have read and understand the Company’s policy, and are aware of and understand your obligations
under applicable securities laws in respect of trading in the Company’s securities. The Company will have the right to recover,
or receive reimbursement for, any compensation or profit you realize on the disposition of Shares received for Restricted Units
[or Additional Restricted Units] to the extent that the Company has a right of recovery or reimbursement under applicable securities
laws. 



		16.	Plan Terms Govern. The vesting and redemption
of Restricted Units [or Additional Restricted Units], the disposition of any Shares received for Restricted Units [or Additional
Restricted Units], the treatment of gain on the disposition of these Shares, [and the treatment of Dividend Equivalents] are subject
to the provisions of the Plan and any rules that the Committee may prescribe. The Plan document, as may be amended from time to
time, is incorporated into this Agreement. Capitalized terms used in this Agreement have the meaning set forth in the Plan, unless
otherwise stated in this Agreement. In the event of any conflict between the terms of the Plan and the terms of this Agreement,
the Plan will control. By accepting the Award, you acknowledge that the Plan and the Plan prospectus, as in effect on the date
of this Agreement, have been made available to you for your review. 



		17.	Personal Data. 










		a.	By entering into this Agreement, and as a condition of
the grant of the Restricted Units, you expressly consent to the collection, use, and transfer of personal data as described in
this Section to the full extent permitted by and in full compliance with applicable law. 



 


		b.	You understand that your local employer holds, by means
of an automated data file, certain personal information about you, including, but not limited to, name, home address and telephone
number, date of birth, social insurance number, salary, nationality, job title, any shares or directorships held in the Company,
details of all restricted units or other entitlement to shares awarded, canceled, exercised, vested, unvested, or outstanding in
your favor, for the purpose of managing and administering the Plan (“Data”). 



 


		c.	You further understand that part or all of your Data
may be also held by the Company or its Affiliates, pursuant to a transfer made in the past with your consent, in respect of any
previous grant of restricted units or awards, which was made for the same purposes of managing and administering of previous award/incentive
plans, or for other purposes. 



 


		d.	You further understand that your local employer will
transfer Data to the Company or its Affiliates among themselves as necessary for the purposes of implementation, administration,
and management of your participation in the Plan, and that the Company or its Affiliates may transfer data among themselves, and/or
each, in turn, further transfer Data to any third parties assisting the Company in the implementation, administration, and management
of the Plan (“Data Recipients”). 



 


		e.	You understand that the Company or its Affiliates, as
well as the Data Recipients, are or may be located in your country of residence or elsewhere, such as the United States. You authorize
the Company or its Affiliates, as well as the Data Recipients, to receive, possess, use, retain, and transfer Data in electronic
or other form, for the purposes of implementing, administering, and managing your participation in the Plan, including any transfer
of such Data, as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf, to
a broker or third party with whom the Shares may be deposited. 



 


		f.	You understand that you may show your opposition to the
processing and transfer of your Data, and, may at any time, review the Data, request that any necessary amendments be made to it,
or withdraw your consent herein in writing by contacting the Company. You further understand that withdrawing consent may affect
your ability to participate in the Plan.



 


		18.	Discretionary Nature and Acceptance of Award.
By accepting this Award, you agree to be bound by the terms of this Agreement and acknowledge that: 



		a.	The Company (and not your local employer) is granting
your Restricted Units [and Additional Restricted Units]. Furthermore, this Agreement is not derived from any preexisting labor
relationship between you and the Company, but rather from a mercantile relationship. 










 


		b.	The Company may administer the Plan from outside your
country of residence and United States law will govern all Restricted Units [and Additional Restricted Units] granted under the
Plan. 



 


		c.	Benefits and rights provided under the Plan are wholly
discretionary and, although provided by the Company, do not constitute regular or periodic payments. 



 


		d.	The benefits and rights provided under the Plan are not
to be considered part of your salary or compensation under your employment with your local employer for purposes of calculating
any severance, resignation, redundancy or other end of service payments, vacation, bonuses, long-term service awards, indemnification,
pension or retirement benefits, or any other payments, benefits or rights of any kind. You waive any and all rights to compensation
or damages as a result of the termination of employment with your local employer for any reason whatsoever insofar as those rights
result, or may result, from the loss or diminution in value of such rights under the Plan or your ceasing to have any rights under,
or ceasing to be entitled to any rights under, the Plan as a result of such termination.



 


		e.	The grant of Restricted Units [and Additional Restricted
Units] hereunder, and any future grant of Restricted Units [or Additional Restricted Units] under the Plan, is entirely voluntary,
and at the complete discretion of the Company. Neither the grant of the Restricted Units, [the Additional Restricted Units] nor
any future grant by the Company will be deemed to create any obligation to make any future grants, whether or not such a reservation
is explicitly stated at the time of such a grant. The Company has the right, at any time and/or on an annual basis, to amend, suspend
or terminate the Plan; provided, however, that no such amendment, suspension, or termination will adversely affect your rights
hereunder. 



 


		f.	The Plan will not be deemed to constitute, and will not
be construed by you to constitute, part of the terms and conditions of employment. Neither the Company nor your local employer
will incur any liability of any kind to you as a result of any change or amendment, or any cancellation, of the Plan at any time.



 


		g.	Participation in the Plan will not be deemed to constitute,
and will not be deemed by you to constitute, an employment or labor relationship of any kind with the Company.



		19.	Limitations. Nothing in this Agreement or the
Plan gives you any right to continue in the employ of the Company or any of its Affiliates or to interfere in any way with the
right of the Company or any Affiliate to terminate your employment at any time. Payment of your Restricted Units [and Additional
Restricted Units] is not secured by a trust, insurance contract or other funding medium, and you do not have any interest in any
fund or specific asset of the Company by reason of this Award or the account established on your behalf. You have no rights as
a shareowner of the Company pursuant to the Restricted Units [or Additional Restricted Units] until
Shares are actually delivered to you. 









		20.	Incorporation of Other Agreements. This Agreement
and the Plan constitute the entire understanding between you and the Company regarding the Restricted Units. This Agreement supersedes
any prior agreements, commitments or negotiations concerning the Restricted Units [and the Additional Restricted Units]. 



		21.	Severability. The invalidity or unenforceability
of any provision of this Agreement will not affect the validity or enforceability of the other provisions of the Agreement, which
will remain in full force and effect. Moreover, if any provision is found to be excessively broad in duration, scope or covered
activity, the provision will be construed so as to be enforceable to the maximum extent compatible with applicable law. 



		22.	Governing Law. The Plan, this Agreement, and all
determinations made and actions taken under the Plan or this Agreement shall be governed by the internal substantive laws, and
not the choice of law rules, of the State of Delaware and construed accordingly, to the extent not superseded by applicable federal
law. 



		23.	Agreement Changes. The Company reserves the right
to change the terms of this Agreement and the Plan without your consent to the extent necessary or desirable to comply with the
requirements of Code section 409A, the Treasury regulations and other guidance thereunder. 



		24.	Acknowledgements. By accepting this Agreement,
you agree to the following: (i) you have carefully read, fully understand and agree to all of the terms and conditions described
in this Agreement, the Plan, the Plan’s prospectus and all accompanying documentation; and (ii) you understand and agree
that this Agreement and the Plan constitute the entire understanding between you and the Company regarding the Restricted Units,
and that any prior agreements, commitments or negotiations concerning the Restricted Units are replaced and superseded. 



		25.	Award Acceptance. To retain this Award, you must
accept it by signing the Agreement below and, by signing this Agreement, you will be deemed to consent to the application of the
terms and conditions set forth in this Agreement and the Plan. If you do not wish to accept this Award, you must contact Honeywell
International Inc., Executive Compensation/AB-1D, 101 Columbia Road, Morristown, New Jersey 07962 in writing within thirty (30)
days of the Award Date. 


	 	I Accept:
	
	 	 	
	 	 	
	 	 	
	 	Signature
	Date