Document:

Exhibit 10.7

AMENDMENT 

TO THE 

HONEYWELL INTERNATIONAL INC.

SEVERANCE PLAN FOR SENIOR EXECUTIVES

(Amended and restated, effective as of January 1, 2009)

                    Pursuant
to the authority granted to proper officers of Honeywell International Inc.
(the “Company”) by the Management Development and Compensation Committee of the
Board of Directors on December 11, 2009, the Honeywell International Inc.
Severance Plan for Senior Executives (Amended and Restated, effective as of
January 1, 2009) is hereby amended effective January 1, 2010 by replacing
paragraph 20(c) in its entirety with the following new paragraph 20(c): 

	
  

 	
  

 
	
  

 	
 “(c)     In
 the event of a Change in Control, the provisions of this Section 20 shall be
 applicable to each Participant, as defined in Section 1(t), who is a
 Participant on December 31, 2009. 

 
	
  

 	
  

 
	
  

 	
 For the
 avoidance of doubt, no Participant who becomes a Participant on or after
 January 1, 2010 shall be eligible for the Enhancement Benefit described in
 this Section 20. If it is determined that such a Participant is entitled to
 receive payments, benefits and other compensation from the Honeywell
 Employers (whether paid or payable pursuant to the terms of this Plan or
 otherwise) that would subject the Participant to an excise tax under Section
 4999 of the Code, then the Participant may elect to receive either (1) all
 payments, benefits and other compensation from the Honeywell Employers less
 any applicable income taxes and the excise tax imposed under Section 4999 of
 the Code (i.e., without any Enhancement Benefit), or (2) the amount that
 maximizes the payments, benefits and other compensation from the Honeywell
 Employers to the Participant without causing any such payment, benefit or
 other compensation to be an ‘excess parachute payment’ (as defined under
 Section 280G of the Code and regulations and rulings thereunder) less any
 applicable income taxes.” 

 

	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 
	
  

 	
 /s/ Mark
 James

 
	
  

 	
 Mark James

 
	
  

 	
 Senior Vice
 President – Human Resources and Communications

 

Dated: January
12, 2010Exhibit 10.10 

AMENDMENT

TO THE

HONEYWELL INTERNATIONAL INC. SUPPLEMENTAL PENSION PLAN

	
  

 	
  

 
	
  

 	
           Pursuant
 to the authority granted to proper officers of Honeywell International Inc.
 (the “Company”) by the Management Development and Compensation Committee of
 the Board of Directors on December 11, 2009, the Honeywell International Inc.
 Supplemental Pension Plan shall be amended effective January 1, 2010 to
 include as eligible pay for an eligible participant (defined below) the
 greater of (a) the incentive compensation received under the terms of the
 Honeywell International Inc. Incentive Compensation Plan for Executive
 Employees (“ICP”) in 2009 (earned in 2008), or (b) the incentive compensation
 received under the terms of the ICP in 2010 (earned for 2009); provided,
 however, that if incentive compensation is included under clause (a), the
 value of the incentive compensation received in 2009 (earned in 2008) shall
 be reduced by the actual incentive compensation received and credited to
 Honeywell’s qualified pension plans and/or non-qualified pension plans in
 2010 (earned for 2009) to avoid double counting. If incentive compensation is
 included under clause (a), such incentive compensation shall be treated under
 the applicable pension formula as eligible pay earned in 2009 and paid in
 2010. 

 
	
  

 	
  

 
	
  

 	
           This
 amendment shall be subject to the following conditions: 

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 an eligible
 participant is a participant who, on March 15, 2010, is earning a pension
 benefit under the Honeywell Retirement Earnings Plan and is employed by the
 Company in Band 5, 6 or 7, other than: 

 
	
  

 	
  

 	
  

 	
  

 	
 1.

 	
 the Chief
 Executive Officer of the Company; and 

 
	
  

 	
  

 	
  

 	
  

 	
 2.

 	
 a
 participant who receives zero incentive compensation in 2010 (earned for
 2009) and is coded in the Company’s records as having a performance planning
 reason for such (e.g., “performance issue” (PI) or “performance termination”
 (PT)); and 

 
	
  

 	
  

 	
 (b)

 	
 the amounts
 required to be included in eligible pay shall not be included more than one
 time. 

 

	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 /s/ Mark
 James

 
	
  

 	
 Mark James

 
	
  

 	
 Senior Vice
 President – Human Resources and Communications

 
	
  

 	
  

 
	
  

 	
  

 
	
 Dated:
 January 12, 2010Exhibit 10.12

AMENDMENT

TO THE

HONEYWELL INTERNATIONAL INC. SUPPLEMENTAL EXECUTIVE

RETIREMENT PLAN FOR EXECUTIVES IN CAREER BANDS 6 AND ABOVE

	
  

 	
  

 
	
  

 	
           Pursuant
 to the authority granted to proper officers of Honeywell International Inc.
 (the “Company”) by the Management Development and Compensation Committee of
 the Board of Directors on December 11, 2009, the Honeywell International Inc.
 Supplemental Executive Retirement Plan for Executives in Career Bands 6 and
 Above shall be amended effective January 1, 2010 to include as eligible pay
 for an eligible participant (defined below) the greater of (a) the incentive
 compensation received under the terms of the Honeywell International Inc.
 Incentive Compensation Plan for Executive Employees (“ICP”) in 2009 (earned
 in 2008), or (b) the incentive compensation received under the terms of the
 ICP in 2010 (earned for 2009); provided, however, that if incentive
 compensation is included under clause (a), the value of the incentive
 compensation received in 2009 (earned in 2008) shall be reduced by the actual
 incentive compensation received and credited to Honeywell’s qualified pension
 plans and/or non-qualified pension plans in 2010 (earned for 2009) to avoid
 double counting. If incentive compensation is included under clause (a), such
 incentive compensation shall be treated under the applicable pension formula
 as eligible pay earned in 2009 and paid in 2010. 

 
	
  

 	
  

 
	
  

 	
           This
 amendment shall be subject to the following conditions: 

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 an eligible
 participant is a participant who, on March 15, 2010, is earning a pension
 benefit under the Honeywell Retirement Earnings Plan and is employed by the
 Company in Band 5, 6 or 7, other than a participant who receives zero
 incentive compensation in 2010 (earned for 2009) and is coded in the
 Company’s records as having a performance planning reason for such (e.g.,
 “performance issue” (PI) or “performance termination” (PT)); and 

 
	
  

 	
  

 	
 (b)

 	
 the amounts
 required to be included in eligible pay shall not be included more than one
 time. 

 

	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 /s/ Mark
 James

 
	
  

 	
 Mark James

 
	
  

 	
 Senior Vice
 President – Human Resources and Communications

 
	
  

 	
  

 
	
  

 	
  

 
	
 Dated:
 January 12, 2010Exhibit 10.13

AMENDMENT

TO THE 

HONEYWELL SUPPLEMENTAL DEFINED BENEFIT RETIREMENT PLAN

	
  

 	
  

 
	
  

 	
           Pursuant
 to the authority granted to proper officers of Honeywell International Inc.
 (the “Company”) by the Management Development and Compensation Committee of
 the Board of Directors on December 11, 2009, the Honeywell Supplemental
 Defined Benefit Retirement Plan shall be amended effective January 1, 2010 to
 include as eligible pay for an eligible participant (defined below) the
 greater of (a) the incentive compensation received under the terms of the
 Honeywell International Inc. Incentive Compensation Plan for Executive
 Employees (“ICP”) in 2009 (earned in 2008), or (b) the incentive compensation
 received under the terms of the ICP in 2010 (earned for 2009); provided,
 however, that if incentive compensation is included under clause (a), the
 value of the incentive compensation received in 2009 (earned in 2008) shall
 be reduced by the actual incentive compensation received and credited to
 Honeywell’s qualified pension plans and/or non-qualified pension plans in
 2010 (earned for 2009) to avoid double counting. If incentive compensation is
 included under clause (a), such incentive compensation shall be treated under
 the applicable pension formula as eligible pay earned in 2009 and paid in
 2010.

 
	
  

 	
  

 
	
  

 	
           This
 amendment shall be subject to the following conditions:

 

	
  

 	
  

 	
  

 
	
  

 	
 (a)

 	
 an eligible
 participant is a participant who, on March 15, 2010, is earning a pension
 benefit under the Honeywell Retirement Earnings Plan and is employed by the
 Company in Band 5, 6 or 7, other than a participant who receives zero
 incentive compensation in 2010 (earned for 2009) and is coded in the
 Company’s records as having a performance planning reason for such (e.g.,
 “performance issue” (PI) or “performance termination” (PT)); and

 
	
  

 	
 (b)

 	
 the amounts
 required to be included in eligible pay shall not be included more than one
 time.

 

	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 /s/ Mark
 James

 
	
  

 	
 Mark James

 
	
  

 	
 Senior Vice
 President – Human Resources and Communications

 
	
  

 	
  

 
	
 Dated:
 January 12, 2010Exhibit 10.22

AMENDMENT

TO THE 

DEFERRED COMPENSATION AGREEMENT

BETWEEN

HONEYWELL INTERNATIONAL INC. AND DAVID M. COTE

DATED AUGUST 4, 2006

                    Pursuant
to the authority granted to proper officers of Honeywell International Inc.
(the “Company”) by the Management Development and Compensation Committee of the
Board of Directors on December 11, 2009, and in accordance with an agreement
made between the Company and Mr. David M. Cote to amend the Deferred
Compensation Agreement between David M. Cote and Honeywell International Inc.
dated August 4, 2006 (the “Agreement”), the Agreement shall be amended
effective January 1, 2010 in the following particulars:

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 1.

 	
 By replacing
 paragraph 2(c) in its entirety with the following new paragraph 2(c):

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 “c.

 	
 ‘Annual
 Payment’ means $62,000.”

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 2.

 	
 By replacing
 Section 3 in its entirety with the following new Section 3:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 “3.

 	
 Payment of
 Annual Payments and the Premium.

 

	
  

 	
  

 
	
  

 	
           a.          Annual
 Payments Before Executive’s Death. Subject to Sections 5(a), 5(b), 9(a)
 and 9(b), Honeywell shall pay Executive the Annual Payment no later than
 January 15th of each calendar year for which the Annual Payment is due.
 Honeywell shall tax and report each Annual Payment as wages and shall withhold
 all applicable federal, state and local taxes from the Annual Payment.
 Executive shall remain solely responsible for any federal, state, local or
 other taxes associated with the Annual Payment. 

 
	
  

 	
  

 
	
  

 	
           b.          Annual
 Payments After Executive’s Death. Subject to Sections 5(a), 5(b), 9(a)
 and 9(b), if Executive predeceases Co-insured, Honeywell shall pay Co-insured
 the Annual Payment no later than January 15th of each calendar year for which
 the Annual Payment is due. Honeywell shall properly report and withhold all
 applicable federal, state and local taxes from the Annual Payment. Co-insured
 shall remain solely responsible for any federal, state, local or other taxes
 associated with the Annual Payment. 

 
	
  

 	
  

 
	
  

 	
           c.          Annual
 Premium Payments. Executive (or Co-insured following Executive’s death)
 shall be solely responsible for paying the full amount of the Premium
 directly to the Insurer by its required due date.” 

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 3.

 	
 By replacing
 Section 4 in its entirety with the following new Section 4:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 “4.    Policy
 Ownership. Executive (or Co-insured following Executive’s death) shall be
 the owner of the Policy and shall be entitled to exercise all rights of
 ownership, including the right to assign ownership to another person or
 entity as permitted by the Policy. Honeywell shall have no rights with
 respect to the Policy.”

 

	
  

 	
  

 
	
  

 	
 HONEYWELL
 INTERNATIONAL INC.

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 /s/ Mark
 James

 
	
  

 	
 Mark James

 
	
  

 	
 Senior Vice
 President – Human Resources and Communications

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 DAVID M. COTE

 
	
  

 	
  

 
	
  

 	
  

 
	
  

 	
 /s/ David M. Cote

 
	
  

 	
  

 
	
 Dated:
 February 2, 2010

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