Document:

Exhibit 10.4

HONEYWELL INTERNATIONAL INC.

INCENTIVE COMPENSATION PLAN FOR EXECUTIVE EMPLOYEES

AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2018

 

	1.	Purpose

 

The purpose of the Honeywell International
Inc. Incentive Compensation Plan for Executive Employees (the “Plan”) is to attract and retain highly qualified employees,
to obtain from each the best possible performance, and to underscore the importance to such employees of achieving particular business
objectives.

 

	2.	Definitions

 

For the purposes of the Plan, the following
terms shall have the following meanings:

 

	2.1	“Board of Directors” means the Board of Directors
    of Honeywell.
	 	 
	2.2	“Change in Control” means (i) any one person, or more
    than one person acting as a group (as defined under Treasury Regulation § 1.409A-3(i)(5)(v)(B)) acquires ownership of
    stock of Honeywell that, together with stock held by such person or group, constitutes more than 50 percent of the total fair
    market value or total voting power of the stock of Honeywell; or (ii) any one person, or more than one person acting as a
    group (as defined under Treasury Regulation § 1.409A-3(i)(5)(v)(B)) acquires (or has acquired during the 12-month period
    ending on the date of the most recent acquisition by such person or persons) ownership of stock of Honeywell possessing 30
    percent or more of the total voting power of the stock of Honeywell; or (iii) a majority of members of the Board of Directors
    is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members
    of the Board of Directors before the date of the appointment or election; or (iv) any one person, or more than one person
    acting as a group (as defined in Treasury Regulation § 1.409A-3(i)(5)(v)(B)) acquires (or has acquired during the 12-month
    period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total
    gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the
    Company immediately before such acquisition or acquisitions. For purposes of subsection (iv), “gross fair market value”
    means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any
    liabilities associated with such assets. The foregoing subsections (i) through (iv) shall be interpreted in a manner that
    is consistent with the Treasury Regulations promulgated pursuant to Section 409A of the Code so that all, and only, such transactions
    or events that could qualify as a “change in control event” within the meaning of Treasury Regulation §1.409A-3(i)(5)(i)
    will be deemed to be a Change in Control for purposes of this Plan.
	 	 
	2.3	“Change in Control Date” means the date on which a Change in
    Control occurs.
	 	 
	2.4	“Chief Executive Officer” means the Chief Executive Officer
    of Honeywell.
	 	 
	2.5	“Code” means the Internal Revenue Code of 1986, as amended
    from time to time, and all regulations, interpretations, and administrative guidance issued thereunder.

 

	2.6	“Committee” means the Management Development and
    Compensation Committee of the Board of Directors, or such other committee as the Board of Directors shall appoint from time
    to time to administer the Plan and to otherwise exercise and perform the authority and functions assigned to the Committee
    under the terms of the Plan. The Committee shall at all times be comprised solely of two or more outside directors and shall
    be “independent” pursuant to the listing requirements of the NYSE 

 

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	 	(or other such exchange on which the Company’s shares
    may be listed for trading) as may be applicable from time to time.
	 	 
	2.7	“Common Stock” means the common stock of Honeywell.
	 	 
	2.8	“Company” means Honeywell and its subsidiaries and affiliated
    entities, as well as their respective successors.
	 	 
	2.9	“Corporate Officer” means any Senior Executive Employee who
    has been elected by the Board of Directors as an officer of the Company.
	 	 
	2.10	“Employee” means any Senior Executive Employee or Executive
    Employee who is on the active salaried payroll of the Company at any time during the Performance Period for which an Incentive
    Compensation Award relates.
	 	 
	2.11	“Executive Employee” means an Employee of the Company who is
    designated by the Company as an Executive level employee, other than an Employee designated by the Company as a Senior Executive
    Employee.
	 	 
	2.12	“Good Reason” means, without the Employee’s consent,
    (a) a material reduction in the Employee’s total cash compensation opportunity in effect immediately prior to the Change
    in Control; (b) the permanent elimination of the Employee’s position, not including a transfer pursuant to the sale
    of a facility or line of business, if and only if the Employee is offered substantially comparable employment with the successor
    employer; (c) a material adverse change to the Employee’s position, function, responsibilities or reporting level, or
    in the standard of performance required of the Employee, as determined immediately prior to a Change in Control; (d) a material
    change in the geographic location at which the Employee must perform his or her services from the location the Employee was
    required to perform such services immediately prior to a Change in Control; or (e) an action by the Company that under applicable
    law constitutes constructive discharge. Notwithstanding the foregoing, Good Reason shall not be deemed to have occurred
    unless the Employee provides written notice to the Company identifying the event or omission constituting the reason
    for a Good Reason termination within ninety (90) days following the first occurrence of such event or omission. Within thirty
    (30) days after such notice has been provided to the Company, the Company shall have to opportunity, but shall have no obligation,
    to cure the events or conditions that give rise to a Good Reason termination. If the Company fails to cure the events or conditions
    giving rise to an Employee’s Good Reason termination by the end of the thirty (30) day cure period, the Employee’s employment
    shall be terminated effective as of the expiration of such thirty (30) day cure period unless the Employee has withdrawn
    such Good Reason termination notice.
	 	 
	2.13	“Gross Cause” means (i) a fraud committed against the Company,
    (ii) the misappropriation of the Company’s property, (iii) intentional misconduct that is damaging to the Company’s
    property or business, or (iv) the commission of a felony.
	 	 
	2.14	“Honeywell” means Honeywell International Inc., a Delaware
    corporation.
	 	 
	2.15	“Incentive Compensation Awards” means cash awards based on
    the achievement of (i) short-term business objectives for the Company, as established by the Board of Directors or the Committee
    for this purpose for each Performance Period, and (ii) short-term business objectives for the Company’s operating units,
    as established by the Chief Executive Officer for this purpose for each Performance Period.
	 	 
	2.16	“Performance Period” means the Honeywell fiscal year or such
    other period as may be designated by the Committee (not to exceed 18-months) with respect to which Incentive Compensation
    Awards may 

 

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	 	be payable under the Plan; provided that no Performance Period
    shall begin before the previous Performance Period ends.
	 	 
	2.17	“Section 409A” means Section 409A of the Code.
	 	 
	2.18	“Senior Executive Employee” means an Employee of the Company
    who is designated by the Company as an Executive level employee (including Corporate Officers) and who is among the 100 highest-paid
    Executive level employees of the Company determined solely by reference to base salary as of the end of the applicable Performance
    Period.
	 	 
	2.19	“Stub Period” means the portion of a Performance Period that
    ends on the Change in Control Date.

 

	3.	Effective Date
	 	 
	The Plan is hereby amended and restated effective as of January
    1, 2018.  Incentive Compensation Awards for Performance Periods that begin on or after January 1, 2018 shall be governed
    by this version of the Plan, subject to Section 12.  Incentive Compensation Awards for Performance Periods that
    began before January 1, 2018 shall be governed by the predecessor versions of the Plan, as applicable.  
	 	 
	4.	Amounts Available for Incentive Compensation Awards
	 	 
	The total maximum amount available and/or individual maximum
    amounts for Incentive Compensation Awards for a Performance Period may be determined by the Committee from time to time.
	 	 
	5.	Eligibility for Incentive Compensation Awards
	 
	5.1	General Eligibility Criteria. Only Senior Executive
        Employees and Executive Employees shall be eligible for Incentive Compensation Awards under the Plan. Incentive Compensation
        Awards to Corporate Officers for any period may be granted to those Corporate Officers, if any, selected by the Committee.
        Such selections, except in the case of the Chief Executive Officer, shall be made after considering the recommendations
        of the Chief Executive Officer. The Committee shall also give consideration to the contribution made by each Corporate
        Officer to the achievement of the Company’s established objectives and such other matters as it shall deem relevant.

         

        Incentive Compensation Awards to Senior Executive Employees
        (other than Corporate Officers) and Executive Employees for any period may be granted to those Senior Executive Employees
        (other than Corporate Officers) and Executive Employees selected by the Chief Executive Officer, to the extent the authority
        to determine Incentive Compensation Awards has been delegated to the Chief Executive Officer by the Committee with respect
        to Senior Executive Employees (other than Corporate Officers). The Chief Executive Officer shall also give consideration
        to the contribution made by each such Senior Executive Employee and Executive Employee to the achievement of the Company’s
        established objectives and such other matters as they shall deem relevant.

	 	 
	6.	Determination of Amounts of Incentive Compensation Awards
	 	 
	6.1	Incentive Compensation Award Amounts. Subject to any maximums amounts
    determined by the Committee pursuant to Section 4, the amounts of individual Incentive Compensation Awards to (i) Corporate
    Officers shall be determined by the Committee acting in its discretion, (ii) Senior Executive Employees (other than Corporate
    Officers) shall be determined by the Chief Executive Officer to the extent the Committee has delegated that authority to the
    Chief Executive Officer, and (iii) Executive Employees shall be determined by the Chief Executive Officer.  Such
    determinations shall be made after consideration of such matters as the Committee or the Chief Executive Officer, as applicable,
    

 

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	 	shall deem relevant including, except in the case of an Incentive
    Compensation Award for the Chief Executive Officer, the recommendations of the Chief Executive Officer.
	 	 
	6.2	Calculation of Incentive Compensation Awards. The performance goal(s)
    for the Performance Period shall be set by the Committee no later than 120 days after the start of the Performance Period.
    If the performance goals are obtained, Incentive Compensation Awards may be determined and paid for the Performance Period
    in accordance with the terms of the Plan.

 

	6.3	Certification. No Incentive Compensation Awards shall
    be paid to Employees prior to certification by the Committee of the attainment of the performance goals set by the Committee
    for the Performance Period to which the Incentive Compensation Awards relate, and assurances from the Chief Financial Officer
    that the Incentive Compensation Awards to be paid do not exceed any maximum amounts of limits set by the Committee for the
    Performance Period.

 

	7.	Form of Incentive Compensation Awards
	 	 
	Incentive Compensation Awards under the Plan shall be paid
    in cash.
	 	 
	8.	Payment of Incentive Compensation Awards
	 	 
	8.1	Timing and Eligibility for Payment. Incentive Compensation Awards
    shall be paid in full in one lump sum as soon as practicable following the end of the Performance Period in which the Incentive
    Compensation Award was earned, but no later than the 15th day of the third month following the end of the
    Honeywell fiscal year in which the Performance Period ended, provided that, except as otherwise provided in Section 5.2, the
    recipient Employee is still actively employed by the Company on the date Incentive Compensation Awards are paid. 
	 	 
	8.2	Deferrals. The Committee may, in its sole discretion,
    permit Employees to defer Incentive Compensation Awards in accordance with and subject to the terms and conditions of the
    Company’s Deferred Incentive Compensation Plan (the “DIC Plan”).
	 	 
	9.	Recoupment of Incentive Compensation Awards
	 	 
	The Committee shall have the authority to condition the receipt
    of an Incentive Compensation Award upon the execution of an agreement that contains intellectual property, confidentiality,
    nonsolicitation and noncompetition covenants (“Protective Agreement”) in favor of the Company in a form determined
    by the Committee from time to time. If any Incentive Compensation Award recipient violates the terms of the Protective Agreement,
    the Board of Directors shall have the right to recoup, and the recipient shall have the obligation to repay, all or part of
    any Incentive Compensation Award that is subject to a Protective Agreement.
	 	 
	The Committee shall also have the authority to recoup, and
    each recipient shall have the obligation to repay, all or part of any Incentive Compensation Award paid under this Plan that
    may be required to be subject to recoupment under federal or state laws, Company policy or the listing requirements of the
    NYSE (or other such exchange on which the Company’s shares may be listed for trading) as may be applicable from time
    to time.
	 	 
	10.	Corporate Transactions
	 	 
	10.1	Plan Termination Triggers. Notwithstanding anything to the contrary
    in the Plan, in the event of a Change in Control, this Plan shall terminate as of the Change in Control Date.
	 	 
	10.2	Incentive Compensation Awards for Stub Period. If a Change in Control
    occurs, Employees shall be entitled to an Incentive Compensation Award for the Stub Period. The amount of such
    Incentive

 

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	 	 Compensation Awards shall be determined in accordance with the provisions of Section 6 and in a manner consistent
    with past practice by treating the Stub Period as the Performance Period and with the applicable metrics and Incentive Compensation
    Awards adjusted, to the extent necessary, to reflect the length of the Stub Period. The amount of the Incentive Compensation
    Awards shall be determined prior to the Change in Control Date and shall be based on the good faith estimates of the Company’s
    financial performance for the Stub Period, as determined by the Committee (as constituted immediately prior to the Change
    in Control) with the advice of Honeywell’s independent auditors.
	 	 
	10.3	Payment of Incentive Compensation Awards. Any Incentive Compensation
    Award for the Stub Period shall be paid in full in one lump sum no later than the 15th day of the third month
    following the end of the Honeywell fiscal year in which the Stub Period ended, provided that the recipient Employee is still
    actively employed by the Company on the date Incentive Compensation Awards are paid. Notwithstanding the foregoing, if an
    Employee is employed by the Company on the Change in Control Date but not on the date Incentive Compensation Awards are paid
    because (i) he or she has been involuntarily terminated other than for Gross Cause, or (ii) he or she has voluntarily resigned
    for Good Reason, such Employee shall be treated for this Section 10 as being employed by the Company on the date Incentive
    Compensation Awards are paid.
	 	 
	10.4	Deferred Incentive Compensation Awards. Notwithstanding anything
    herein to the contrary, to the extent an Incentive Compensation Award has been deferred pursuant to Section 8.2, such Incentive
    Compensation Award shall be subject to the terms and conditions of the DIC Plan including, without limitation, with respect
    to change in control events.
	 	 
	11.	Power and Authority of the Committee and the Chief Executive Officer
	 	 
	11.1	Plan Administration. The Plan shall be administered by the Committee,
    which shall have full power and authority (i) to prescribe, amend and rescind rules and procedures relating to the Plan; (ii)
    subject to the provisions of this Plan, to delegate to one or more officers of the Company some or all of its authority under
    the Plan; (iii) to employ such legal counsel, independent auditors and consultants as it deems desirable for the administration
    of the Plan and to rely upon any opinion or computation received therefrom; and (iv) to make all determinations, and to formulate
    such procedures, as may be necessary or advisable in the opinion of the Committee for the administration of the Plan.
	 	 
	11.2	Plan Construction and Interpretation. The Committee shall have full
    power and authority to construe and interpret the Plan.
	 	 
	11.3	Determinations of Committee and Chief Executive Officer Final and Binding.
    All determinations by the Committee in carrying out and administering the Plan and in construing and interpreting the Plan
    shall be made in the Committee’s sole discretion and shall be final, binding and conclusive for all purposes and upon
    all persons interested herein. The Committee or the Chief Executive Officer’s decisions regarding the amount of each
    Incentive Compensation Award, as applicable, shall be final, binding and conclusive for all purposes and need not be consistent
    among Employees.
	 	 
	11.4	Liability of Committee and Chief Executive Officer. Neither the
    Committee (or its delegates) nor the Chief Executive Officer shall be liable for any action or determination made in good
    faith with respect to the Plan or any Incentive Compensation Award, and the members of the Committee (and its delegates) and
    the Chief Executive Officer shall be entitled to indemnification and reimbursement in the manner provided in the Company’s
    Articles of Incorporation or its By-laws, as applicable, in each case as amended and in effect from time to time. In the performance
    of its responsibilities with respect to the Plan, the Committee and the Chief Executive Officer shall be entitled to rely
    upon information and advice furnished by the Company’s officers and employees, the Company’s accountants, the
    Company’s legal counsel or any other person the Committee and the Chief Executive Officer deem 

 

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	 	necessary, and neither the Committee nor the Chief Executive
    Officer shall be liable for any action taken or not taken in good faith reliance upon any such advice.
	 	 
	11.5	Section 409A Limitation. Notwithstanding anything contained herein
    to the contrary, any discretionary authority that the Board of Directors, the Committee or the Chief Executive Officer may
    have pursuant to the Plan shall not be applicable to an Incentive Compensation Award that is subject to Section 409A to the
    extent such discretionary authority will contravene Section 409A.
	 	 
	12.	Amendment and Termination of the Plan
	 	 
	Subject to applicable laws, rules and regulations, the Board
    of Directors or the Committee shall have the right at any time to amend, suspend, discontinue or terminate the Plan; provided,
    however, that no such action shall be effective without approval by the shareowners of Honeywell to the extent necessary to
    comply with applicable laws, including applicable rules of a stock exchange on which the Company’s shares are traded.
    Moreover, (i) no amendment of the Plan shall operate to annul or diminish, without the consent of the Employee, an Incentive
    Compensation Award already made hereunder, and (ii) no amendment shall adversely affect an Employee’s entitlement to
    an Incentive Compensation Award for the Stub Period after a Change in Control.
	 	 
	13.	Miscellaneous
	 	 
	13.1	Section 409A. The Plan is intended to comply with the requirements
    of Section 409A and the regulations promulgated thereunder, and the provisions hereof shall be interpreted in a manner that
    satisfies such requirements, to the extent permitted by law. All Incentive Compensation Awards granted hereunder are intended
    to be excluded from coverage under Section 409A pursuant to Treasury Regulation § 1.409A-1(b)(4)’s “short-term
    deferral” rule unless, and only to the extent that, a deferral election is made pursuant to Section 8.2. If any provision
    of the Plan would otherwise frustrate or conflict with this intent or could cause any Incentive Compensation Award to be subject
    to taxes, interest or penalties under Section 409A, the Board of Directors may amend the Plan to the extent necessary to (i)
    comply with Section 409A, (ii) avoid the imposition of taxes, interest and penalties under Section 409A, and/or (iii) maintain,
    to the maximum extent practicable, the original intent of the applicable provision without violating the provisions of Section
    409A; provided however, that such amendment shall not result in additional cost to the Company and provided further that nothing
    herein shall require the Company to provide any Employee with any gross-up for any tax, interest or penalty incurred by the
    Employee under Section 409A.
	 	 
	13.2	Other Compensation Plans. Nothing contained in the Plan shall prohibit
    the Company from granting special performance or recognition awards under such conditions, and in such form and manner as
    it sees fit, to Employees (including Senior Executive Employees) for meritorious service of any nature. In addition, nothing
    contained in the Plan shall preclude or limit the ability of the Company to establish other incentive compensation plans providing
    for the payment of incentive compensation to Employees (including Senior Executive Employees). Notwithstanding the foregoing
    provisions of this Section 13.2, no Employee shall participate in more than one incentive compensation plan for the same Performance
    Period unless such participation is communicated to the Employee by the Company in writing.

 

	13.3	Plan Expenses. All expenses and costs in connection
    with the operation of the Plan shall be borne by the Company and no part thereof shall be charged against the Incentive Compensation
    Awards or to the Employees.
	 	 
	13.4	Withholding. All Incentive Compensation Awards under the Plan are
    subject to withholding, where applicable, for federal, state and local taxes.

 

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	13.5	No Limitation on Corporate Actions. Nothing contained
    in the Plan shall be construed to prevent the Company from taking or not taking any corporate action, whether or not such
    action could have an adverse effect on any Incentive Compensation Awards made under the Plan. No Participant, beneficiary
    or other person shall have any claim against the Company as a result of any such action.
	 	 
	13.6	Unfunded Plan. The Plan is intended to constitute an unfunded plan
    for incentive compensation. Prior to the payment of any Incentive Compensation Award, nothing contained herein shall give
    any Participant any rights that are greater than those of a general creditor of the Company.
	 	 
	13.7	Severability. If any provision of this Plan is held unenforceable,
    the remainder of the Plan shall continue in full force and effect without regard to such unenforceable provision and shall
    be applied as though the unenforceable provision were not contained in the Plan. 
	 	 
	13.8	Governing Law. The Plan and all actions taken thereunder shall be
    governed by and construed in accordance with and governed by the laws of the State of New Jersey.
	 	 
	13.9	No Rights to Incentive Compensation Awards or Employment. This Plan
    is not a contract between the Company and an Employee. No Employee shall have any claim or right to receive Incentive Compensation
    Awards under the Plan. Nothing in the Plan shall confer upon any employee of the Company any right to continued employment
    with the Company or interfere in any way with the right of the Company to terminate the employment of any of its employees,
    in accordance with the laws of the applicable jurisdiction, at any time, with or without cause, including, without limitation,
    any individual who is then an Executive Employee or Senior Executive Employee under the Plan.

 

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Honeywell InternalExhibit 10.72

 

RETIREMENT AGREEMENT

 

AGREEMENT by and between Krishna Mikkilineni
(hereinafter referred to as “Retiree”), and Honeywell International Inc., a corporation organized under the laws of
the state of Delaware (hereinafter referred to as “Honeywell” or the “Company”).

 

WITNESSETH:

 

WHEREAS, Retiree has been an executive
officer of the Company for approximately 9 years; and

 

WHEREAS, the Retiree has announced his
decision to step down from his role as the Company’s Senior Vice President – Engineering and Information
Technology, effective at the close of business on April 30, 2019 (“Retirement Date”); and

 

WHEREAS, the Retiree is willing to provide
assistance to the Company in transitioning his role and responsibilities to his designated successor; and

 

WHEREAS, the Retiree is willing to provide
additional transition services to the Company for six (6) months following his retirement; and

 

WHEREAS, the Company is desirous of
rewarding the Retiree for his long and distinguished service, as well as the aforementioned transition services, by allowing him
to continue to vest in certain previously granted long term incentive (“LTI”) awards; and

 

WHEREAS, the Company is desirous of
securing greater protections under its existing restrictive covenants with the Retiree;

 

NOW THEREFORE, in consideration of the
mutual covenants contained herein, it is agreed as follows:

 

		1.	TRANSITION SERVICES PERIOD

 

From the Retirement Date through October
31, 2019 (the “Transition Services Period”), Retiree shall make himself reasonably available to the
Company’s Chief Executive Officer and his designees to assist with any matters that may arise incident to the smooth
and successful transition of his responsibilities to his successor (“Transition Services”). No regular
compensation or consulting fees will be paid to Retiree during, or with respect to, this Transition Services Period.

 

		2.	EMPLOYMENT STATUS

 

During the Transition Services Period, the
Retiree is not granted, and shall not exercise, any authority to assume or create any obligation or responsibility, express or
implied, on behalf of or in the name of the Company, or to bind the Company to any agreement, contract or arrangement of any nature,
except as expressly provided herein. Moreover, for the duration of the Transition Services Period, Retiree shall be deemed to be
and shall act strictly and exclusively as an independent

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contractor and shall not be considered under
the provisions of this Agreement or otherwise as having an employee status with Honeywell, or as being eligible to participate
in or receive any benefit under a benefit plan or program made available to employees of the Company.

 

		3.	RETIREMENT PACKAGE

 

In (i) recognition of Retiree’s service
to the Company, (ii) full and complete payment for all services to be rendered hereunder during the Transition Services Period,
and (iii) consideration of the enhanced restrictive covenants described in this Agreement, the Management Development and Compensation
Committee of the Board of Directors has approved the following treatment for certain outstanding LTI awards previously granted
to the Retiree (the “Consideration”), notwithstanding any contrary provisions in the applicable Company compensation
plans:

 

		1.	Restricted Stock Units. The Retiree will retain the right to continued
vesting in any time-based and performance-based restricted stock units that would otherwise have vested before March 1, 2020, subject
to any applicable Company performance conditions.

		2.	Stock Options. The Retiree will retain the right to continued vesting
in any stock options that would otherwise have vested before March 1, 2020.

		3.	Performance Stock Units (“PSUs”). You will receive a two million five hundred thousand
dollar ($2,500,000) payout from the 2017-19 PSU performance cycle (or the full value of your PSUs for the 2017-19 PSU performance
cycle if less than $2,500,000). The payout from your PSUs hereunder shall be made at the same time such payments are made to other
Company executives, which is expected to be in March of 2020.

 

		4.	CONFIDENTIALITY

 

Any information and knowledge divulged to Retiree
or developed by Retiree during the Transition Services Period (including any reports, analyses, working papers, memoranda, notebooks,
data, computer programs and discs or other materials prepared by Retiree in the course of providing the Transition Services), shall
be treated by the Retiree as confidential information and shall not be disclosed to third parties or to the public without prior
written approval of the Company, except to the extent otherwise required by law.

 

		5.	CONTINGENCIES

 

In order to receive the Consideration under
this Agreement, Retiree must sign and return this Agreement in the form provided no later than February 28, 2019.

 

By signing
this Agreement, Retiree acknowledges that he (a) has carefully read this Agreement in its entirety; (b) is hereby advised by the
Company, in this writing, to consult with an attorney of his choice before signing this Agreement; (c) fully understands the significance
of all of the terms and conditions of this Agreement and has discussed them with an attorney of his choice, or has had a reasonable
opportunity to do so; and (d) is signing this Agreement voluntarily and of his own free will and agrees to abide by all the terms
and conditions contained herein.

    	Page 2 of 8

    	

    

 

If Retiree materially breaches any of the terms
of this Agreement (including any intellectual property or noncompetition agreements to which he may be subject, and which are hereby
incorporated by reference), he (a) shall forfeit all rights to future benefits under this Agreement; (b) must repay all benefits
previously received pursuant to Section 3 of this Agreement upon the Company’s demand; and (c) must pay reasonable attorneys’ fees and all
other costs incurred as a result of such breach. Provided, however, this subparagraph shall not be applicable to challenges to
the validity of this Agreement under the Age Discrimination in Employment Act or Older Workers Benefit Protection Act, nor will
the Company seek any damages of any sort against Retiree for having made such a challenge.

 

		6.	GENERAL Release of Claims

 

In exchange
for entering into this Agreement and the Consideration set forth herein, Retiree does hereby waive and release, knowingly and willingly,
Honeywell International Inc., its future parent corporations, its predecessor companies, its past, present and future divisions,
subsidiaries, affiliates and related companies and their successors and assigns and all past, present and future directors, officers,
employees and agents of these entities, personally and as directors, officers, employees and agents (collectively the “Honeywell
Group”), from any and all claims of any nature whatsoever Retiree has arising out of his employment and/or the termination
of employment with the Honeywell Group, known or unknown, including but not limited to any claims he may have under federal, state
or local employment, labor, or anti-discrimination laws, statutes and case law and specifically claims arising under the federal
Age Discrimination in Employment Act of 1967, the Civil Rights Acts of 1866 and 1964, the Americans with Disabilities Act of 1990,
Executive Order 11246, the Employee Retirement Income Security Act of 1974 (“ERISA”), the Family and Medical Leave
Act of 1993, the Rehabilitation Act of 1973, the Fair Labor Standards Act, the Labor-Management Relations Act, the Equal Pay Act
of 1963, the Fair Credit Reporting Act, the Pregnancy Discrimination Act, the Uniformed Services Employment and Reemployment Rights
Act of 1994, the Occupational Safety and Health Act, the Worker Adjustment Retraining and Notification Act (all such statutes,
as amended), the New Jersey Law Against Discrimination, as amended, the New Jersey Equal Pay Act, the New Jersey Smokers’
Rights Law, the New Jersey Family Leave Act, the New Jersey Worker Freedom From Intimidation Act, the New Jersey Constitution,
the New Jersey Conscientious Employee Protection Act, New Jersey common law and any and all other applicable state, county or local
statutes, ordinances or regulations, including claims for attorneys’ fees; provided, however, that this release does not
apply to claims under ERISA Section 502(a)(1)(B) for benefits under Honeywell Group sponsored benefit plans covered under ERISA
(other than claims for severance and severance related benefits), does not apply to claims arising
out of obligations expressly undertaken in this Agreement, does not apply to claims that cannot be waived as a matter of law, and
does not apply to claims arising out of any act or omission occurring after the date Retiree signs this Agreement. All claims,
including contingent claims, for incentive compensation awards under any Honeywell Group plan or payroll practice, along with any
claims under any state wage and hour laws, are specifically subject to this release of claims. Any rights to benefits (other
than severance benefits) under Honeywell Group sponsored benefit plans are governed exclusively by the written plan documents.

 

Notwithstanding the foregoing, nothing in
this Agreement (or any exhibit or attachment thereto) is intended to or shall be construed to prevent Retiree from (i) filing an
administrative charge or otherwise communicating with or reporting possible violations of law to any federal, state or local government
office, official or agency; or (ii) reporting any

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accounting, internal accounting control, or auditing matter to any federal regulatory
agency, any federal law enforcement agency, any Member of Congress or any committee or subcommittee of Congress; and (iii) engaging
in any activity protected by the Sarbanes-Oxley Act (18 U.S.C. § 1514A) or the National Labor Relations Act.

 

By virtue of the foregoing, Retiree agrees
that he has waived any damages and other relief available to him (including, without limitation, monetary damages, equitable relief
and reinstatement) with respect to any claim or cause of action released in this General Release of Claims section. Therefore,
Retiree agrees that he will not accept any award or settlement from any source or proceeding (including, but not limited to, any
proceeding brought by any other person or by any governmental agency) with respect to any claim or right waived in this Agreement.

 

		7.	Nonsolicitation AND NONCOMPETITION COVENANTS

 

Retiree acknowledges that Honeywell has invested,
and will continue to invest, significant time and money to recruit and retain its employees. Therefore, recognizing that in the
course of such employment Retiree has obtained valuable and confidential information about Honeywell employees, their respective
talents and areas of expertise, Retiree agrees that for a period of three (3) years following his retirement from Honeywell, Retiree
will not directly or indirectly, for his own account or for others, (i) solicit or recruit (or assist another in soliciting or
recruiting) for employment or for the performance of services, (ii) attempt to solicit or recruit (or assist another in attempting
to solicit or recruit), for employment or for the performance of services, (iii) participate in any manner in the recruitment,
employment or hiring for services of any current or former Honeywell employee with whom Retiree had any contact, about whom Retiree
had knowledge, who worked in the Company’s engineering or information technology organizations at any time in the last three
(3) years, or of whom Retiree became aware in his last two (2) years of Honeywell employment, unless it has been more than twelve
(12) months since that individual left Honeywell. Nor will Retiree, for his own account or for others, in any way induce or encourage,
or attempt to induce or encourage, such individuals to leave the employment of Honeywell or alter their relationship with Honeywell.
Retiree understands that these restrictions cover all forms of communication (regardless of who initiates them), including, but
not limited to, in-person discussions, telephone calls, text messages, emails, and social media posts and messages.

 

Retiree further acknowledges and agrees that
in partial recompense for the Consideration, his Noncompetition Agreement with the Company shall be amended by substituting a three
(3) year restriction on competition for the two (2) year period set forth in such Noncompetition Agreement.

 

		8.	NON-DISPARAGEMENT

 

At no time on or after the date hereof will
Retiree make any statement (or cause someone else to make any statement), or issue or cause to be issued any communication, publicly
or privately (including, without limitation, to members of the media, business press, equity analysts, industry groups or organizations,
Honeywell employees, contractors, clients, customers, vendors, suppliers, business partners or competitors, investors/shareholders),
that would be disparaging (as defined below) to the Honeywell Group, its businesses, strategies, prospects, condition or reputation,
or that of its directors, employees, officers or members; provided, however, that nothing contained in any provision of this Agreement
shall preclude Retiree from communicating with his legal advisors or 

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making any statement in good faith that is required by any
applicable law or regulation or pursuant to an order of a court or other governmental body. For purposes of this Agreement, 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 create a negative, adverse or derogatory impression,
or to harm the reputation of, the subject of the statement or representation. For the avoidance of doubt, Retiree agrees that he
will not write or contribute to any book, article, social media post or other media publication, whether in written or electronic
format, that is in any way descriptive of the Honeywell Group or his career with the Company without submitting a draft thereof
for approval, at least thirty (30) days in advance, to the Company’s Senior Vice President and General Counsel, whose judgment
about whether such book, article, social media post or other media publication is disparaging (and therefore prohibited) shall
be determinative.

 

		9.	CLAIMS WARRANTIES

 

Retiree represents and warrants that he is
not aware of any facts that would establish, tend to establish or in any way support an allegation that any member of the Honeywell
Group has engaged in conduct that he believes could violate (1) any provision of federal law relating to fraud (including but not
limited to the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”)
and/or any state or local counterpart); (2) any rule or regulation of the Securities and Exchange Commission; (3) the federal False
Claims Act and/or any state or local or municipal qui tam counterpart (which prohibit the presentation by the Company or any affiliate
of false claims and statements or the creation of false records or statements in order to obtain payment of federal, state, county
or municipal funds, or to avoid refunds of such government funds); and (4) any other federal, state or local law.

 

		10.	COOPERATION AND NONDISCLOSURE

 

In further exchange for the
Consideration under this Agreement, Retiree agrees to cooperate fully with the Company in any matters that have given or may
give rise to a legal claim against the Company, and of which Retiree is knowledgeable as a result of his employment with the
Company. This requires Retiree, without limitation, to (i) make himself available upon reasonable request to provide
information and assistance to the Company on such matters without additional compensation, except for out of pocket costs,
(ii) maintain the confidentiality of all Company privileged information including, without limitation, attorney-client
privileged communications and attorney work product, unless disclosure is expressly authorized by the Company’s Law
Department, and (iii) notify the Company promptly of any requests to Retiree for information from any third party (excluding
government entities), related to any pending or potential legal claim or litigation involving the Company, reviewing any such
request with a designated representative of the Company prior to disclosing any such information, and permitting a
representative of the Company to be present during any communication of such information.

 

Nothing in this Agreement prohibits Retiree
from reporting possible violations of federal law or regulation to any governmental agency or entity including, but not limited
to, the Department of Justice, the Securities and Exchange Commission, the Congress, and any Inspector General, or making other
disclosures that are protected under the whistleblower provisions of federal law or regulation. Retiree does not need the prior
authorization of the

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Law Department to make any such reports or disclosures and Retiree is not required to notify the Company that
he has made such reports or disclosures.

 

		11.	CLAWBACK RIGHTS

 

Retiree hereby acknowledges and agrees that,
notwithstanding any other provision of this Agreement to the contrary, no contractual provision or legal requirement relating to
recoupment or clawback by the Company of any amount in the nature of compensation shall be affected by his retirement or the payments
contemplated hereby, and all such provisions and requirements shall remain in effect and enforceable in accordance with their terms
after the date hereof.

 

		12.	NO ASSIGNMENT

 

Neither party shall assign any right in or
obligation arising under this Agreement without the other party’s written consent, and any such assignment shall be void.
This Agreement shall be binding on and inure to the benefit of each party’s heirs, executors, legal representatives, successors
and permitted assigns.

 

		13.	NOTICES

 

Notices or communications
hereunder shall be in writing, addressed as follows:

 

	 	If to the Company:	 	Honeywell International Inc.
	 	 	 	115 Tabor Road
	 	 	 	Morris Plains, New Jersey 07950
	 	 	 	Attn:     Kevin M. Covert
	 	 	 	Vice President and Deputy General Counsel
	 	 	 	 
	 	If to Retiree:	 	Krishna Mikkilineni
	 	 	 	23 Footes Lane
	 	 	 	Morristown, New Jersey 07960

 

Any such notice shall be deemed to be given
as of the date it is personally delivered, the next business day after the date faxed (upon confirmation of receipt of transmission),
or five days after the date mailed in the manner specified.

 

		14.	409A Considerations

 

It
is intended that this Agreement be administered in compliance with Section 409A of the Code, including, but not limited to,
any future amendments to Code Section 409A, and any other Internal Revenue Service (“IRS”) or other governmental
rulings or interpretations issued pursuant to Section 409A (together, “Section 409A”) so as not to subject
Retiree to payment of interest or any additional tax under Section 409A. The parties
intend for any payments under this Agreement either to satisfy the requirements of Section 409A or to be exempt from the
application of Section 409A, and this Agreement shall be construed and interpreted accordingly. In furtherance thereof, if
payment or provision of any amount or benefit hereunder that is subject to Section 409A at the time specified herein would
subject such amount or benefit to any additional tax under Section 409A, the payment

    	Page 6 of 8

    	

    

or provision of such amount or benefit shall be postponed to the earliest commencement date on which the payment or provision of such amount or benefit can be made without incurring such additional tax. In addition, to the extent that Section 409A or any IRS guidance issued under  Section
409A would result in Retiree being subject to the payment of interest or any additional
tax under Section 409A, the parties agree, to the extent reasonably possible, to amend this Agreement to avoid the imposition of
any such interest or additional tax under Section 409A, which amendment shall minimize any negative economic effect on Retiree
and be reasonably determined in good faith by the Company and Retiree. As a “specified
employee” as defined in Section 409A, any amounts payable under this Agreement that would be subject to the special rule
regarding payments to “specified employees” under Section 409A(a)(2)(B) of the Code shall not be paid before the expiration
of a period of six (6) months following the date of the termination of Retiree’s employment.
In such case, Retiree shall receive all such deferred amounts retroactively in a single
sum and the balance thereof as otherwise provided. In no event whatsoever shall the Company be liable for any additional tax, interest
or penalties that may be imposed on Retiree by Code Section 409A or any damages for failing
to comply with Section 409A; provided that, in the event that any excise tax or interest amount (“409A Amount”) is
imposed on Retiree as a result of any negligent act or omission by the Company, the Company
shall reimburse Retiree for any such 409A Amount, grossed-up for taxes at an assumed total
tax rate of forty percent (40%).

 

		15.	GOVERNING LAW

 

This Agreement shall be governed by, and construed
in accordance with, the laws of the State of New Jersey, without reference to principles of conflict of laws. Additionally, any
action to enforce the terms of this Agreement shall be commenced exclusively in the federal or state courts of the State of New
Jersey. Both parties consent to the exclusive jurisdiction of the federal and state courts in the State of New Jersey and waive
any claim under the doctrine of forum non conveniens.

 

		16.	ENTIRE AGREEMENT

 

This Agreement contains the entire agreement
and understanding of the parties hereto with respect to the subject matter hereof, and merges and supersedes all prior agreements,
discussions and writings with respect thereto. No modification or alteration of this Agreement shall be effective unless made in
writing and signed by both the Retiree and the Company.

 

		17.	REMEDIES

 

Without prejudice to the rights and remedies
otherwise available to the Company hereunder, the Company shall be entitled to equitable relief by way of injunction or otherwise
if Retiree breaches or threatens to breach any of the provisions of this Agreement.

 

		18.	SEVERABILITY

 

In the event any provision of this Agreement
shall not be enforceable, the remainder of this Agreement shall remain in full force and effect.

    	Page 7 of 8

    	

    

 

	19.	NO WAIVER

 

The waiver by Company of any nonperformance
or breach by Retiree of any provisions of this Agreement must be in writing and shall not be construed as waiving any such provision
in the future. No delay or failure by Company in enforcing or exercising any right hereunder and no partial or single exercise thereof, shall be
deemed of itself to constitute a waiver of such right or any other rights hereunder.

 

	 	 	HONEYWELL INTERNATIONAL INC.
	 	 	 	 	 
	/s/ Krishna Mikkilineni 

	 	 	By: 	/s/ Mark R. James                     	 
	KRISHNA MIKKILINENI	 	 	 	MARK R. JAMES
	 	 	 	 	Senior Vice President
	 	 	 	 	 
	Dated: February 7, 2019 

	 	 	Dated: February 7, 2019 

	 

    	Page 8 of 8

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