Document:

Exhibit

Exhibit 10.11

UTC BOARD OF DIRECTORS
DEFERRED STOCK UNIT PLAN
Deferred Restricted Stock Unit Award

INSERT NAME

Under the UTC Board of Directors Deferred Stock Unit Plan, each non-employee Director of the Company receives, as of the effective date of election to the Board, a non-recurring award of deferred restricted stock units having a grant date value of $100,000, based on the closing price of UTC common stock on that date (the “Units”).  This award is intended to promote a closer identity of interests between Non-Employee Directors and shareowners by providing non-employee Directors with an equity-based interest in the Company’s future performance.

The Units are subject to a restriction on transferability and may not be sold, assigned, pledged or transferred while such restriction remains in effect.  However, once vested, you are the owner of such Units on the records of the Company.  Please note that the restriction on transferability continues in effect on vested Units while you remain a Director of UTC.  Accordingly, by your acceptance of the Units, you agree that your vested Units will not be sold, assigned, pledged or transferred by you prior to your retirement or resignation as a Director of UTC.  Your Unit balance will be credited with additional Units equivalent in value to the dividend paid on the corresponding number of shares of UTC Common Stock.  The dividend equivalent Units will vest immediately but will otherwise be subject to the same transfer restrictions applicable to the initial Units. 

The Units will vest in increments of 20 percent per year.  The effective date of the grant of your Units will be January 3, 2017.  The first 20 percent will vest on the date of UTC’s next Annual Shareowner Meeting.  An additional 20 percent will vest on the date of UTC’s Annual Meeting each succeeding year while you continue on the Board.  At the time you retire or resign from the Board, your vested Units will be converted into shares of UTC Common Stock and distributed to you.  As an alternative to full distribution of your shares following retirement, you may elect to receive the value of your vested units following retirement or resignation in 10 or 15 annual installment distributions by checking one of the two boxes below:

		
	o
	  15 annual installments

    
o  10 annual installments

In compliance with IRS rules, if you make or alter such election after you join the Board, you must do so at least one year prior to retiring or resigning from the Board, and your distribution will begin five years from the date the award would otherwise be scheduled for distribution.  

Any Units not vested as of the date you resign or retire from the Board will be forfeited without payment of any compensation to you.  However, in the event of a “change of control” or a “restructuring event” as defined by the United Technologies Corporation Long Term Incentive Plan, or upon your death or your resignation from the Board due to disability, or if you retire or resign to accept full-time employment in public or charitable service, all Units that have not previously vested will immediately vest and convert into shares of UTC Common Stock and be distributed in accordance with your election on file.

Deferred Restricted Stock Unit Award
 (Continued)

Recognition of Ordinary Income Under U.S. Tax Law

For federal income tax purposes, you will be required to include as income the value of any shares of UTC Common Stock distributed to you following your departure from the Board.  Additional Units credited as a result of dividend payments are not included in your income until they are distributed to you.

The foregoing is only a brief summary of the federal income tax consequences of the Units.  You are urged to consult with your tax advisor for advice regarding your individual circumstances.  UTC will report and withhold such income as required by state, federal, or other applicable laws.

Please confirm your agreement by returning a signed and dated copy of this award statement by facsimile to (860) 660-0250 or email to christina.monteith@utc.com.

I acknowledge receipt of this Deferred Restricted Stock Unit Award. I accept this Award subject to the terms detailed herein, and the United Technologies Corporation Board of Directors Deferred Stock Unit Plan.

___________________________________
Signature

                        

____________________________________
Printed Name

____________________________________
Date

Please Return by        
December 21, 2016 to:    Office of the Corporate Secretary
United Technologies Corporation
Fax: (860) 660-0250
or
Email: christina.monteith@utc.comExhibit

Exhibit 10.16
Your Stock Option ("Options") Award
  Performance. Results. Rewards.

	
	
	Name:

	Grant Date:  

About This Statement
This personalized statement shows your Stock Option Award under the United Technologies Corporation Long-Term Incentive Plan, as amended (the “LTIP”). The award shown in this statement is subject to the terms and conditions of the LTIP.

Your Stock Option Award
	
						
	Type
	Number of Units
	Grant Price
	Estimated Present Value
	Vesting Date*
	Expiration Date

	Options
	 
	 
	 
	 
	 

*Note: The Award will vest according to this schedule provided you are employed by the Company on these dates.

	
			
	 	Stock Options (“Options”)
How Do Options Work?
A stock option is similar to a Stock Appreciation Right (“SAR”) and delivers equivalent value when exercised.

■ Provides gain equal to the difference in UTC stock price from grant date to exercise date

■ Vests three years after grant date

■ Expires ten years from the grant date, unless exercised

■ No dividend equivalents

■ At exercise, value is delivered in shares of 
UTC Common Stock that can be:
-- Converted to cash, or
-- Held as shares with dividend rights

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	
		
	An Example

	Number of Options granted
	1,000

	UTC stock price at grant
	 $100 per share

	UTC stock price at exercise
	 $125 per share

	Increase in UTC stock price from grant date to exercise date:
	 $125 per share
-$100 per share
=  $25 per share

	Total gain from Option exercise:
	1,000 options
X $25 per share
= $25,000

	Conversion into shares of UTC stock:
	$25,000
÷$125 per share
= 200 shares

You may view your award online at the UBS One Source website.  You can access the UBS One Source website from any computer at http://www.ubs.com/onesource/utx (you will need a User ID and PIN).

HOW TO ACCEPT YOUR AWARD - WITHIN 150 DAYS
You will receive an email from UBS alerting you that your award has posted to your UBS account.  You must acknowledge and accept the terms and conditions of your award electronically via UBS One Source.

If you do not accept your award on-line at UBS One Source within 150 days of the Grant Date, your award will be forfeited.

The award shown in this statement is nontransferable and is subject to the terms and conditions of the United Technologies Corporation Long-Term Incentive Plan, as amended.  I acknowledge this statement of award, the 20XX Schedule of Terms describing my award.  I understand that I am accepting this award subject to the 20XX Schedule of Terms and the LTIP.  In accepting this award, I accept responsibility for any tax liabilities associated with this award at the time of grant, lapse, exercise and/or sale.  I authorize the Company, its Affiliates and its third party administrators to collect, use, process, transfer, and hold my personal data, in electronic or other form, as required for the implementation, administration and management of this award and the LTIP within or outside the country in which I reside or work.Exhibit

Exhibit 10.19

Your 20XX Long-Term Incentive Award
 Performance. Results. Rewards.

Name:    
Grant Date:    

	
	
	About This Statement

	This personalized statement shows your 20XX Award under the United Technologies Corporation Long-Term Incentive Plan, as amended (the “LTIP”).  The Award shown in this statement is subject to the terms and conditions of the LTIP.

As an __ executive, you receive your Long-Term Incentive Plan award value in three parts:
■  «SAR_»% in Stock Appreciation Rights (“SARs”)
■  «RSU_»% in Restricted Stock Units (“RSUs”)
■  «PSU_»% in Performance Share Units (“PSUs”)

	Your 20XX Long-Term Incentive Plan Award

	How the Award Is Distributed:

	
						
	Type
	Number of Units
	Grant Price
	Estimated Present Value
	Vesting Date
	Expiration Date

	SARs
	 
	 
	 
	 
	 

	RSUs1
	 
	 
	 
	 
	 

	PSUs2
	 
	 
	 
	 
	 

	 
	Total Estimated Present Value:
	 
	 
	 

1-RSUs include any RSUs received as a result of an LTI Choice election.  20XX LTIP RSUs will earn dividends reinvested as additional RSUs during the vesting period.
2-PSU vesting occurs following approval of the performance score by the Committee on Compensation & Executive Development of the UTC Board of Directors in early 20XX.
	
	
	Performance Targets: ■ Three-year Earnings Per Share (“EPS”) Compound Annual Growth Rate (“CAGR”)3
                                      ■ Three-year quarterly average Return on Invested Capital (“ROIC”)3
                                      ■ Relative three-year cumulative Total Shareholder Return (“TSR”) vs. the S&P 500 Index

	
								
	PSU Performance Metrics4
	Weighting
	UTC Achievement
	PSU Vesting

	Threshold
	Target
	Maximum
	Threshold
	Target
	Maximum

	EPS Growth
	 
	 
	 
	 
	 
	 
	 

	ROIC
	 
	 
	 
	 
	 
	 
	 

	Relative TSR
	 
	 
	 
	 
	 
	 
	 

3-Diluted EPS and ROIC are based on continuing operations adjusted for restructuring, nonrecurring and other significant defined non-operational items when necessary to preserve the validity of measured performance.  Refer to the PSU Schedule of Terms for details on how Diluted EPS and ROIC are calculated.
4-Measurement Period: January 1, 20XX through December 31, 20XX.
	
	
	How to Accept Your Award

	You will receive an email from UBS in early March 20XX alerting you that your Award has posted to your UBS account. You must acknowledge and accept the terms and conditions of your Award electronically via UBS One Source.  You can access the UBS One Source site from any computer (using your UBS Participant ID and PIN) at http://www.ubs.com/onesource/utx. 

First time Award recipients will receive their UBS Participant ID from UTC’s Stock Plan Administrator and their temporary password from UBS.

If you do not accept your Award on-line at UBS One Source by June 1, 20XX, your Award will be forfeited.

	The award shown in this statement is nontransferable and is subject to the terms and conditions of the United Technologies Corporation Long-Term Incentive Plan, as amended.  I acknowledge this statement of award, the 2017 Schedule of Terms and the LTIP.  I understand that I am accepting this award subject to the 2017 Schedule of Terms and the LTIP.  In accepting this award, I accept responsibility for any tax liabilities associated with this award at the time of grant, lapse, exercise and/or sale.  I authorize the Company, its Affiliates and its third party administrators to collect, use, process, transfer, and hold my personal data, in electronic or other form, as required for the implementation, administration and management of this award and the LTIP within or outside the country in which I reside or work.

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