Document:

Exhibit 10.2

2011 Stock Incentive Plan

of Honeywell International Inc. and its Affiliates

Growth
Plan Agreement

GROWTH PLAN AGREEMENT made in
Morris Township, New Jersey, United States of America, as of the [DAY] day of [MONTH, YEAR] (the “Award Date”)
between Honeywell International Inc. (which together with its subsidiaries and affiliates, when the context so indicates, is hereinafter
referred to as the “Company”) and [EMPLOYEE NAME] (the “Employee”).

		1.	Grant of Awards. The Company has granted to you
[NUMBER] Growth Plan Units, subject to the terms of this Agreement and the terms of the 2011 Stock Incentive Plan of Honeywell
International Inc. and Its Affiliates (the “Plan”).

		2.	Target and Actual Award. The number of Growth
Plan Units awarded to you represents a target award for the Performance Cycle (as defined below). Each Growth Plan Unit has a target
value of $100 (“Target Value”). Your actual award value (the “Actual Award”) is equal to the product of
(i) the Target Value, (ii) the Plan Payout Percentage, and (iii) the number of Growth Plan Units awarded to you under this Agreement.
For purposes of this Agreement, the “Plan Payout Percentage” shall be based on the achievement of the Performance Measures
described in Section 3 below and may range from zero to a maximum of 200%.

		3.	Performance Measures. The Plan Payout Percentage
shall be determined based on [PERFORMANCE MEASURES] (collectively the “Performance Measures”) for the Performance Cycle.
Performance Measures shall be determined at the Company level for eligible employees not assigned to one of the Company’s
four strategic business groups (“SBG”), and at both the Company and SBG level for other eligible employees. For purposes
of this determination, if you transfer from one of the Company’s businesses during the Performance Cycle, your award will
be prorated for the number of days actively employed in that business.

[INCLUDE AS APPLICABLE: Notwithstanding
anything in this Agreement to the contrary, except in the event of a Change in Control (as defined in the Plan), no Growth Plan
Unit awards will be paid unless the Company attains a minimum level of [PERFORMANCE MEASURE] during the Performance Cycle. The
minimum level of [PERFORMANCE MEASURE] shall be a [AMOUNT OR PERCENTAGE] over the Performance Cycle. In determining [PERFORMANCE
MEASURE] for this purpose, the Management Development and Compensation Committee of the Company’s Board of Directors (the
"Committee") shall [INCLUDE AS APPLICABLE: hold share count constant to [YEAR] for all periods and] exclude from its
calculations unusual, infrequently occurring, and extraordinary items [INCLUDE AS APPLICABLE: as well as pension expense or pension
income recorded] during the Performance Cycle.]

		4.	Performance Cycles. The two year performance cycle
to which this Agreement applies commences on [DATE] and ends on [DATE] (the “Performance Cycle”).

		5.	Timing of Payments. The payment of Growth Plan
Unit awards is contingent upon (i) the achievement of the performance criteria outlined in Section 3 above, and (ii) except as
otherwise provided in this Agreement, you remaining actively employed by the Company on the applicable payment dates. Thus, for
example, if you are receiving pay from the Company but not actively performing services therefore (including, but not limited to,
severance periods, notice periods, and grandfathered vacation periods), you will not be considered “active” for purposes
of the payment of Growth Plan Unit awards. To the extent a Growth Plan Unit award is earned, you will receive it in two installments
(subject, of course, to the active employment criteria described herein). One-half of your Actual Award will be paid in [MONTH,
YEAR]; the second half of your Actual Award will be paid in [MONTH, YEAR]; provided, however, that in no event will a payment be
made later than two and one-half months from the end of the year in which the payment vests.

		6.	Form of Payment. Growth Plan Units may be paid
out in either cash or shares of the Company’s common stock (“Shares”), at the discretion of the Committee. Your
award will be expressed in U.S. dollars. Payment shall be made in the same currency as your pay (“Local Currency”).
In the event you receive pay in more than one Local Currency, the currency used for payment will be at the discretion of the Company
or your employer. The Company will normalize your award value for any fluctuation in exchange rates between U.S. dollars and your
Local Currency using the rate in effect for compensation planning at the beginning of the Performance Cycle. If your Actual Award
is paid in Shares, the number of Shares shall be determined by dividing the Actual Award by the Fair Market Value (as defined in
the Plan) of the Shares as of the date the Committee determines the amount of your Actual Award. Fractional Shares will always
be paid in cash. No payment amounts will be credited with interest, and you may not defer the payment of any awards hereunder.

		7.	Termination of Employment. If your employment
with the Company is terminated for any reason other than death [or retirement as provided in Section 8] prior to the date a Growth
Plan Unit payment is to be made pursuant to Section 5 above, any unpaid amounts shall be forfeited and your rights with respect
to any Growth Plan Units will terminate unless the Committee, or its designee, determines otherwise in its sole and absolute discretion.

		8.	Death[,
      or] Disability [or Retirement]. If your
employment with the Company terminates because of death or you incur a Disability
      (as defined in the Plan) prior to the first installment payment of your
      Actual Award, you or your estate will receive the prorated value of your
      Actual Award. The prorated value of the Actual Award shall be determined
      by multiplying the Actual Award by a fraction, the numerator of which is
      the number of days you were actively employed by the Company during the
      Performance Cycle prior to your death or Disability, and the denominator
      of which is the total number of days from your first eligibility date during
      the Performance Cycle through the last day of the Performance Cycle. Such
      prorated Actual Award shall be payable in a single lump sum at the time
      the first installment payment is paid to other Growth Plan grantees. If
      your death or Disability occurs after the first installment payment of
      your Actual Award has been made but before the second installment payment
      has been made, the Company shall pay the second installment payment in
      a lump sum as soon as practicable after the date of death or Disability.

 

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[INCLUDE AS APPLICABLE: If
you retire from the Company and its Affiliates after you attain age 62 with 25 Years of Service (as defined in the Plan) and after
the Performance Cycle ends, (i) but before the first installment of your Actual Award is paid, you will receive an amount equal
to the sum of (A) the first installment and (B) the prorated value of the second installment, or (ii) but before the second installment
of your Actual Award is paid, you will receive an amount equal to the prorated value of the second installment. For purposes of
this paragraph, the prorated value of the second installment shall be determined by multiplying the second installment by a fraction,
the numerator of which is the number of days you were actively employed by the Company and its Affiliates from the January 1st
immediately following the end of the Performance Cycle to your separation from service date and the denominator of which is 439.
Subject to Section 19, this amount shall be paid to you as soon as practicable following your separation from service with the
Company and its Affiliates.

If you retire from the Company
and its Affiliates after you attain age 64 with 25 Years of Service (as defined in the Plan) and after the Performance Cycle ends
but before your full Actual Award is paid, you will receive an amount equal to the unpaid portion of your Actual Award, which subject
to Section 19, shall be paid to you as soon as practicable following your separation from service with the Company and its Affiliates.]

		9.	Change in Control. In the event of a Change in
Control (as defined in the Plan) that occurs before the end of the Performance Cycle, you will be deemed to have earned an Actual
Award at a Plan Payout Percentage of 100%. In such case, you shall receive both installments of your Actual Award in a single sum
payment 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. Such single sum payment may be in cash or Shares, as determined by the
Committee.

		10.	Change in Status. If your role within the Company
changes during the Performance Cycle such that you would no longer be eligible to receive Growth Plan Units, this Agreement shall
remain in full force and effect as if no such change had occurred. 

		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 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. For
purposes of this Section 11, the term “Honeywell” is defined as Honeywell International Inc. (a Delaware corporation
having a place of business at Columbia Road and Park Avenue, Morris Township, Morris County, New Jersey), its predecessors, designees
and successors, as well as its past, present and future operating companies, divisions, subsidiaries, affiliates and other business
units, including businesses acquired by purchase of assets, stock, merger or otherwise. 

		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 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.

 

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		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 Growth Plan payment that has not yet been vested, earned or
paid under this Agreement shall immediately be cancelled, and you shall forfeit any rights you have with respect to such payment
as of the date of the Committee’s determination, and (ii) you shall immediately deliver to the Company cash equal in value
to the gross Growth Plan payment you received under this Agreement 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.	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 a Growth Plan payment, 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.

		13.	Adjustments. Any adjustments to the Growth Plan
Units will be governed by Section 5.3 of the Plan.

		14.	Transfer of Awards. You may not transfer any interest
in your Growth Plan Units or Actual Award. Any attempt to dispose of your interest in your Growth Plan Units or Actual Award shall
be null and void.

		15.	Plan Terms Govern. The vesting of and payment
for Growth Plan Units, the disposition of any Shares received for Growth Plan Units, and the treatment of gain on the disposition
of any such Shares, 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.

 

4

		16.	Personal Data. 

		a.	By entering into this Agreement, and as a condition of
the grant of the Growth Plan 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 or cash 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.

		17.	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 Growth Plan Units. Furthermore, this Agreement is not derived from any preexisting labor relationship between you and the
Company, but rather from a mercantile relationship. 

 

5

		b.	The Company may administer the Plan from outside your
country of residence and United States law will govern all Growth Plan 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 Growth Plan Units hereunder, and any future
grant of Growth Plan Units under the Plan, is entirely voluntary, and at the complete discretion of the Company. Neither the grant
of the Growth Plan 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 except as provided in Section 15, 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.

		18.	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 Growth Plan Units or Actual Award
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 Agreement. You have no rights as a shareowner of the Company unless and until Shares are
actually delivered to you.

		19.	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.

 

6

		20.	Incorporation of Other Agreements. This Agreement
and the Plan constitute the entire understanding between you and the Company regarding the Growth Plan Units. This Agreement supersedes
any prior agreements, commitments or negotiations concerning the Growth Plan 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.	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 Growth Plan Units,
and that any prior agreements, commitments or negotiations concerning the Growth Plan Units are replaced and superseded. 

		24.	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.

IN WITNESS WHEREOF, the Company
has caused this Agreement to be duly executed by the facsimile signature of its Chairman of the Board and Chief Executive Officer
as of the Award Date.

 

	 	HONEYWELL INTERNATIONAL INC.

	 	 
	 	By:   /s/
    David M. Cote

	 	 
	 	Chairman
    of the Board and Chief Executive Officer

	 	 
	 	 
	 	     Employee’s signature

 

 

7Exhibit 10.3

2006 Stock Plan

for Non-Employee Directors

of Honeywell International Inc.

STOCK OPTION AWARD AGREEMENT

          STOCK
OPTION AWARD AGREEMENT made in Morris Township, New Jersey, as of the [DAY] day
of [MONTH, YEAR] (the “Date of Grant”) between Honeywell International Inc.
(the “Company”) and [DIRECTOR NAME] (the “Director”).

	
  

 	
  

 
	
 1.

 	
 Grant of Option. The Company has granted you an Option
 to purchase [NUMBER] Shares of Common Stock, subject to the provisions of
 this Agreement and the 2006 Stock Plan for Non-Employee Directors of
 Honeywell International Inc. This Option is a nonqualified Option for federal
 income tax purposes.

 
	
  

 	
  

 
	
 2.

 	
 Exercise Price. The purchase price of the Shares
 covered by the Option will be [DOLLAR AMOUNT] per Share.

 
	
  

 	
  

 
	
 3.

 	
 Vesting. Subject to the earlier vesting of the Option as provided below upon
 your retirement from the Company’s Board of Directors at or after age 72,
 death or Disability or a Change in Control, the Option will become
 exercisable as follows: [VESTING PROVISIONS CONSISTENT WITH THE PLAN].

 
	
  

 	
  

 
	
 4.

 	
 Term of Option. The Option must be exercised prior to
 the close of the New York Stock Exchange (“NYSE”) on [EXPIRATION DATE],
 subject to earlier termination or cancellation as provided below. If the NYSE
 is not open for business on the expiration date specified, the Option will
 expire at the close of the NYSE on the business day immediately
 preceding [EXPIRATION DATE].

 
	
  

 	
  

 
	
 5.

 	
 Payment of Exercise Price. You may pay the Exercise Price by
 cash, certified check, bank draft, wire transfer, postal or express money
 order, or any other alternative method specified in the Plan and expressly
 approved by the Committee. Notwithstanding the foregoing, you may not tender
 any form of payment that the Committee determines, in its sole and absolute
 discretion, could violate any law or regulation.

 
	
  

 	
  

 
	
 6.

 	
 Exercise of Option. Subject to the terms and conditions
 of this Agreement, the Option may be exercised by providing notice to the
 Company by contacting the Director - Executive Compensation, or the Corporate
 Secretary. If the Option is exercised after your death, the Company will
 deliver Shares only after the Committee has determined that the person
 exercising the Option is the duly appointed executor or administrator of your
 estate or the person to whom the Option has been transferred by your will or
 by the applicable laws of descent and distribution.

 

	
  

 	
  

 
	
 7.

 	
 Termination, Retirement, Disability
 or Death. The Option will vest and remain exercisable as
 follows:

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Event

 	
  

 	
 Vesting

 	
  

 	
 Exercise

 
	

 

 	
  

 	

 

 	
  

 	

 

 
	
 Death

 	
  

 	
 Immediate vesting as of
 death.

 	
  

 	
 Expires on original
 expiration date.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Disability

 	
  

 	
 Immediate vesting as of
 incurrence of Disability.

 	
  

 	
 Expires on original
 expiration date.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Retirement at or after
 age 72

 	
  

 	
 Immediate vesting as of
 retirement.

 	
  

 	
 Expires on original
 expiration date.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Voluntary termination
 other than for death, Disability or retirement at or after age 72

 	
  

 	
 Unvested Option
 forfeited as of termination.

 	
  

 	
 Expires earlier of (i)
 original expiration date, or (ii) 3 months after termination. If you die or
 incur a Disability prior to end of this 3-month period, expires earlier of
 (i) original expiration date, or (ii) 1 year after death or Disability.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Involuntary termination
 other than for death, Disability or retirement at or after age 72

 	
  

 	
 Unvested Option
 forfeited as of termination.

 	
  

 	
 Expires earlier of (i)
 original expiration date, or (ii) 3 years after termination. If you die or
 incur a Disability prior to end of this 3-year period, expires earlier of (i)
 original expiration date, or (ii) later of 3 years after termination or 1
 year after death or Disability.

 

	
  

 	
  

 
	
 8.

 	
 Change in Control. In the event of a Change in Control,
 any portion of the Option that has not vested as of the date of Change in
 Control will immediately become exercisable in full. If your service as a
 director of the Company terminates for any reason following a Change in
 Control, that termination will be treated as a retirement from the Board of
 Directors at or after age 72 for purposes of Section 7 above.

 
	
  

 	
  

 
	
 9.

 	
 Withholdings. The Company will have the right,
 prior to the issuance or delivery of any Shares in connection with the
 exercise of the Option, to withhold or demand from you the amount necessary
 to satisfy applicable tax requirements, as determined by the Committee.

 
	
  

 	
  

 
	
 10.

 	
 Transfer of Option. You may not transfer the Option or
 any interest in the Option except by will or the laws of descent and
 distribution or except as permitted by the Committee and as specified in the
 Plan.

 
	
  

 	
  

 
	
 11.

 	
 Adjustments. Any adjustments to the Option will be
 governed by Section 9 of the Plan.

 

 2

	
  

 	
  

 
	
 12.

 	
 Restrictions on Exercise. Exercise of the Option is subject to
 the conditions that, to the extent required at the time of exercise, (a) the
 Shares covered by the Option will be duly listed, upon official notice of
 issuance, upon the NYSE, and (b) 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 of the Company.

 
	
  

 	
  

 
	
 13.

 	
 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 U.S. federal securities laws in respect of
 trading in the Company’s securities. You agree not to sell Shares (including
 by using the Company’s “cashless exercise” program for the Option, or any
 successor program) at any time when you possess material nonpublic
 information with respect to the Company or when doing so would otherwise
 result in a violation of securities law. The Company will have the right to
 recover, or receive reimbursement for, any compensation or profit realize on
 the exercise of the Option or by the disposition of Shares received upon
 exercise of the Option to the extent that the Company has a right of recovery
 or reimbursement under applicable securities laws.

 
	
  

 	
  

 
	
 14.

 	
 Plan Terms Govern. The exercise of the Option, the
 disposition of any Shares received upon exercise of the Option, and the
 treatment of any gain on the disposition of these Shares are subject to the
 terms of the Plan and any rules that the Board of Directors and 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 unless otherwise stated in
 this Agreement. By accepting the Award, you acknowledge receipt of the Plan
 and the prospectus, as in effect on the date of this Agreement.

 
	
  

 	
  

 
	
 15.

 	
 Personal Data.

 

	
  

 	
  

 
	
  

 	
 a. By entering into this Agreement, and as a condition of the grant
 of the Option, 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 the Company 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,
 details of all options 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’s Affiliates, pursuant to a transfer made in the past
 with your consent, in respect of any previous grant of options or awards,
 which was made for the same purposes of managing and administering of
 previous award/incentive plans, or for other purposes.

 

 3

	
  

 	
  

 
	
  

 	
 d. You further understand that the Company and its Affiliates will
 transfer Data 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.

 

	
  

 	
  

 
	
 16.

 	
 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 is granting your Option, and 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 Options granted under the
 Plan.

 
	
  

 	
  

 
	
  

 	
 c. Benefits and rights provided under the Plan do not constitute
 regular or periodic payments.

 
	
  

 	
  

 
	
 17.

 	
 Limitations. Nothing in this Agreement or the Plan
 gives you any right to continue as a member of the Board of Directors of the
 Company or will prejudice the rights of the Board of Directors or shareowners
 of the Company with respect to your nomination and election. Payment of
 Shares 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 the Option. You have no rights as a shareowner of the Company
 pursuant to the Option until Shares are actually delivered you.

 
	
  

 	
  

 
	
 18.

 	
 Incorporation of Other Agreements. This Agreement and the Plan
 constitute the entire understanding between you and the Company regarding the
 Option. This Agreement supersedes any prior agreements, commitments or negotiations
 concerning the Option.

 
	
  

 	
  

 
	
 19.

 	
 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 

 

 4

	
  

 	
  

 
	
  

 	
 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.

 
	
  

 	
  

 
	
 20.

 	
 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.

 
	
  

 	
  

 
	
 21.

 	
 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 Option, and that any
 prior agreements, commitments or negotiations concerning the Option are
 replaced and superseded.

 
	
  

 	
  

 
	
 22.

 	
 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, NJ 07962 in writing within thirty (30) days of the
 Date of Grant.

 

	
  

 	
  

 	
  

 
	
  

 	
 I accept: 

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	

 

 	

 

 
	
  

 	
 Signature

 	
 Date

 

 5

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