Document:

Schedule of Terms for stock appreciation rights awards

 Exhibit 10.29 
 United Technologies Corporation 
 Long Term Incentive Plan 
 Stock Appreciation Right 
 Schedule of Terms 
 This Schedule of Terms describes the material features of the recipient’s Stock Appreciation
Right Award (“Award”) granted under the United Technologies Corporation 2005 Long Term Incentive Plan as amended and restated on April 9, 2008 (the “LTIP”). The Award is subject to this Schedule of Terms and the terms,
definitions, and provisions of the LTIP. The LTIP Prospectus contains detailed information about the LTIP and this Award. 
  

 1 

 Stock Appreciation Right Award 
 A Stock Appreciation Right (a “SAR”) provides the recipient with the right to the appreciation in the common stock of the Corporation (“Common Stock”) measured from the date of grant to the date of
exercise. 
 Acknowledgement of Award 
 The number of SARs
awarded and the SAR grant price are set forth in the Statement of Award. The recipient must acknowledge and accept the terms and conditions of the SAR Award by signing and returning the designated portion of the Statement of Award to the Stock Plan
Administrator by the specified due date. 
 Exercise Price (or “Grant Price”) 
 The Grant Price represents the Fair Market Value of the Corporation’s Common Stock on the date of grant. Fair Market Value means, as of any given date, the closing price of the Corporation’s Common Stock on
the New York Stock Exchange. 
 Vesting and Expiration 
 The vesting and expiration dates are each set forth in the Statement of Award. SARs may be exercised on or after the vesting date until the earlier of: 
  

	(i)	the expiration date specified in the Statement of Award, at which time the SARs and all associated rights lapse; or 

  

	(ii)	the last day permitted following termination of employment as specified in “Termination of Employment” (see next page). 

 In the event of certain types of misconduct, awards may be forfeited, including vested awards and prior gains realized from exercises. See “Forfeiture of Interest
and Recoupment of Gains Realized from Prior Awards” on page 4. 
 Exercise and Payment 
 While employed, SARs may be exercised on or after the vesting date until the expiration date using the method prescribed by the Corporation. Unexercised SARs will expire
without value on the expiration date. The gross value realized upon the exercise of a SAR will equal the difference between the price at the time of exercise, and the Grant Price. The recipient will generally receive shares of Common Stock upon
exercise. SARs may be paid in cash where local law restricts the distribution of Common Stock. 
 It is the responsibility of the recipient, or a designated
representative, to track the expiration of their Award and exercise SARs in a timely manner. The Corporation assumes no responsibility for and will make no adjustments with respect to SARs that expire unexercised. Any communication from the Plan
Administrator or the Corporation to the recipient with respect to expiration is provided as a courtesy only. 
  

 2 

 Termination of Employment 
 There are different provisions based on the circumstances associated with the recipient’s termination of employment. 
 Retirement. The
recipient is eligible for retirement (including “Rule of 65”) under this Award if the recipient is: 
 (i) age 65 on date of termination;

 (ii) at least age 55 with 10 or more years of continuous service as of the date of termination; or 
 (iii) meets the “Rule of 65.” The recipient qualifies for the Rule of 65 if termination of employment occurs after age 50, but before age 55, and the sum of
age and continuous service adds up to 65 or more. 
 Following retirement, including termination under the Rule of 65, vested SARs (i.e., those held for at
least three years while continuously employed) may be exercised for three years following the date of retirement or until the expiration of the SAR, whichever is earlier. Unvested SARs that have been held for at least one year prior to the date of
retirement will vest as of the date of retirement and may be exercised for three years thereafter (but not beyond the expiration date). 
 However, if
retirement occurs on or after age 55 and the Corporation consents to the recipient’s retirement, vested SARs may be exercised SARs for their full term until the expiration date. Such consent will be at the sole discretion of the
Corporation based on its ability to effectively transition the recipient’s responsibilities as of the retirement date and such other factors as it may deem appropriate. 
 Service used to determine eligibility for retirement or the Rule of 65 will be based on continuous service recognized under the rules of the UTC retirement plan. 
 In all cases, SARs held for less than one year as of the date of retirement or termination under the Rule of 65 will be cancelled without value. 
 Termination. If termination occurs before retirement or reaching the Rule of 65, vested SARs may be exercised for up to 90 days (or until the expiration of the
SAR, if earlier) from the date employment with UTC is terminated, whether voluntary or involuntary, including layoff. All unvested SARs are cancelled as of the termination date. 
 Disability. If employment terminates by reason of disability, vested SARs may be exercised for up to three years from the date of termination (or until the expiration of the SAR, if earlier). Unvested SARs will
vest as scheduled and may then be exercised for three years following the vesting date. 
 Death*. If the recipient dies while an active employee, all
unvested SARs immediately vest. The estate will have one year from the date of death to exercise all outstanding SARs. If death occurs following termination of employment, the estate has one year from the date of death in which to exercise all SARs
outstanding as of the date of death. 
 *Different tax rules may apply when the estate or heir exercises the deceased employee’s SARs. 
 Rehire. If the recipient terminates employment and is then rehired by the Corporation within 90 days, unexercised vested SARs and unvested SARs that were
cancelled because of the termination of employment will be reinstated. Unexercised SARs that received accelerated vesting at termination will be subject to the original vesting schedule upon rehire. If the recipient is rehired by the Corporation
after the 90 day period immediately following the date of termination, cancelled SARs will not be reinstated.  
  

 3 

 Forfeiture of Interests and Recoupment of Gains Realized from Prior Awards 
 SARs, whether or not vested, shall be forfeited and the recipient will be obligated to repay gains realized from the exercise of SARs under the following circumstances:

  

	(i)	Termination of Employment for Cause; 

  

	(ii)	A restatement of financial results attributable to the recipient’s actions, whether intentional or negligent; 

  

	(iii)	If within three years following any Termination of Employment, the Committee on Compensation and Executive Development of the Corporation’s Board of Directors (the
“Committee”) or the Corporation determines that the recipient engaged in conduct before the recipient’s termination date that would have constituted the basis for a Termination of Employment for Cause; 

  

	(iv)	If at any time during the twenty-four month period immediately following any Termination of Employment, the recipient: 

  

	 	(A)	solicits for employment or otherwise attempts to retain the professional services of any individual then employed or engaged by the Corporation (other than a person performing
secretarial or similar services) or who was so employed or engaged during the three month period preceding such solicitation; or 

  

	 	(B)	publicly disparages the Corporation or any of its officers, directors or senior executive employees or otherwise makes any public statement that is materially detrimental to the
interests of the Corporation or such individuals; or 

  

	(v)	If at any time during the twelve month period following any Termination of Employment, the recipient becomes employed by, consults for or otherwise renders services to any business
entity or person engaged in activities that compete with the Corporation or the business unit that employed the recipient, unless the recipient has first obtained the consent of the Committee. A recipient shall be deemed to have been employed by
each business unit that employed the recipient within the two-year period immediately prior to the date of the Termination of Employment. 

 Adjustments 
 If the Corporation effects a Common Stock split or other capital adjustment, the number of SARs (and, if applicable, the
exercise price) will be adjusted in the same manner and to the same extent as shares of Common Stock of the Corporation. In the event of material changes in the capital structure of the Corporation such as the payment of a special dividend (other
than regular quarterly dividends); the spin-off of a subsidiary; a merger; or other extraordinary non-recurring events affecting the Corporation’s capital structure and the value of Common Stock, equitable adjustments will be made to the terms
of outstanding awards as the Committee determines to be necessary or appropriate to prevent either an increase or decrease in the value of SARs relative to Common Stock or the dilution or enlargement of the rights of recipients. 
 Change of Control 
 In the event of a change of control or
restructuring of the Corporation, the Committee may (in its sole discretion) take actions to assure fair and equitable treatment of LTIP recipients. Such actions may include acceleration of the Vesting Date or offering to purchase an Award for its
equivalent cash value (as determined by the Committee). 
  

 4 

 Awards Not to Affect or Be Affected by Certain Transactions 
 SAR Awards do not limit the right or power of the Corporation or its shareowners to enter into transactions that may affect Common Stock and the value of this Award;
examples include: (a) changes in the Corporation’s capital structure or its business; (b) any merger or consolidation of the Corporation; (c) any issue of bonds, debentures, shares of stock preferred to, or otherwise affecting
the Common Stock of the Corporation or the rights of the holders of such Common Stock; (d) the dissolution or liquidation of the Corporation; (e) any sale or transfer of all or any part of its assets or business; or (f) any other
corporate act or proceeding. 
 Taxes/Withholding 
 Recipients are responsible for any income or other tax liability attributable to any Award. Additional details on tax treatment are provided in the LTIP Prospectus. The recipients are encouraged to consult with their personal tax
advisor(s). The Corporation will comply with all tax reporting and withholding requirements and has the right to deduct tax withholding from any payment or delivery of shares due to the recipient or from a recipient’s regular compensation.

 Nonassignability 
 No assignment or transfer of any
right or interest of a recipient in any SAR, whether voluntary or involuntary, by operation of law or otherwise, will be permitted except by will or the laws of descent and distribution. 
 Nature of Payments 
 All Awards made pursuant to the LTIP are in consideration of services performed for the
Corporation or the business unit employing the recipient. Any gains realized pursuant to such Awards constitute a special incentive payment to the recipient and will not be taken into account as compensation for purposes of any of the employee
benefit plans of the Corporation or any business unit. 
 Administration 
 Under the LTIP, subject to certain limitations, the Committee has delegated to the Chief Executive Officer the authority to grant SAR Awards, and has further delegated the authority to administer and interpret such
Awards to the Senior Vice President, Human Resources and Organization, and to such subordinates as he or she may further delegate. Awards to employees of the Corporation who are either reporting persons under Section 16 of the Securities
Exchange Act of 1934 (“Insiders”) or members of the Corporation’s Executive Leadership Group will be granted, administered, and interpreted exclusively by the Committee. 
 Data Privacy 
 The Corporation maintains electronic records for the purpose of administering the LTIP and individual
Awards. In the normal course of plan administration, electronic data may be transferred to different sites within the Corporation and to outside service providers. Acceptance of an Award constitutes consent by the recipient to the transmission of
information related to the administration of Awards and the LTIP. 
 Government Contract Compliance 
 The “UTC Policy Statement on Business Ethics and Conduct in Contracting with the United States Government” calls for compliance with the letter and spirit of
government contracting laws and regulations. In the event of a violation of government contracting laws or regulations, the Committee reserves the right to revoke any outstanding Award. 
  

 5 

 Interpretations 
 This
Schedule of Terms and each Statement of Award are subject in all respects to the terms of the LTIP. Any question concerning administration or interpretation arising under the Schedule of Terms or any Statement of Award will be determined by the
Committee or the Senior Vice President, Human Resources and Organization, and their determination will be final and conclusive upon all parties in interest. 
 Additional Information 
 Questions concerning the Plan or awards and requests for Plan documents can be directed to: 
 Stock Plan Administrator 
 United Technologies
Corporation 
 1 Financial Plaza, MS 504 
 Hartford, CT 06101 
 stockoptionplans@utc.com 
 The Corporation and/or its approved Stock Plan Administrator will send any Award-related communications to the recipient’s email address or physical address on record. It is the responsibility of the recipient to
ensure the address on record is up-to-date and accurate at all times to ensure delivery of Award-related communications. 
  

 6UTC International Deferred Compensation Replacement Plan

 Exhibit 10.35 
 UNITED TECHNOLOGIES CORPORATION 
 INTERNATIONAL DEFERRED COMPENSATION 
 REPLACEMENT PLAN 
 ARTICLE I – PREAMBLE

 United Technologies Corporation hereby establishes the United Technologies International Deferred Compensation Replacement Plan
(“the Plan”), effective January 1, 2005, for the purpose of complying with the requirements of Section 409A of the Internal Revenue Code. The Plan applies to any amounts credited or accrued, after December 31, 2004, to an
employee of a UTC Company who accrues benefits or has amounts credited under a deferred compensation plan or arrangement outside the United States, where such amounts are or become subject to Section 409A. Such amounts shall automatically be
credited and deferred under and distributed from this Plan in lieu of the Non-US Plan. This Plan shall be administered and construed to effectuate the foregoing intent. 
 From January 1, 2005 through December 31, 2008, the Plan has been operated in good faith compliance with Section 409A in accordance with guidance provided by the Internal Revenue Service. 
 1. INTRODUCTION & PURPOSE 
 The Plan shall be
maintained as an unfunded plan solely for the purpose of deferring compensation and providing retirement benefits to certain employees who have deferred income or are eligible for benefits under a Non-US Plan, where such amounts would be deemed to
be “deferred compensation” within the meaning of and subject to Section 409A. The amount of deferred income, retirement benefit or survivor benefit shall be credited under this Plan, in lieu of the Non-US Plan. 
 2. EFFECTIVE DATE 
 The Plan shall be effective
January 1, 2005. 
  

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 3. DEFINITIONS 
 Beneficiary means the person, persons or entity designated in writing by a Participant to receive the value of his or her Plan Account in the event of the Participant’s death, , in accordance with the
terms of this Plan. If a Participant fails to designate a Beneficiary under this Plan, the Beneficiary or Contingent Annuitant shall be determined under the Non-US Plan. If the Beneficiary (and any contingent Beneficiary) does not survive the
Participant or if no Beneficiary is designated under the Non-US Plan, the value of the Participant’s Plan Account will be payable to the estate of the Participant, in accordance with the terms of this Plan. 
 Code means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. Reference to any section of the Internal
Revenue Code shall include any final regulations or other published guidance interpreting that section. 
 Corporation means United
Technologies Corporation. 
 Committee means the United Technologies Corporation Deferred Compensation Committee, which is responsible
for the administration of the Plan. The Corporation’s Pension Administration Committee shall appoint the Committee’s members. 
 Covered Participant means an employee who participates in a Non-US Plan who is subject to Section 409A of the Code. 
 Disability means permanent and total disability as determined under the Corporation’s long-term disability plan applicable to the Participant, or if there is no such plan applicable to the Participant, “Disability”
means a determination of total disability by the Social Security Administration; provided that, in either case, the Participant’s condition also qualifies as a “disability” for purposes of Section 409A(a)(2)(C) of the Code.

 Election Form means the form provided to Participants electronically or in paper form for the purpose of electing the timing and
form of payment for a Plan Account. 
  

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 Non-US Plan means a deferred compensation plan or arrangement or defined benefit retirement
benefit plan maintained the Corporation or a UTC Company outside of the United States. All amounts credited or deferred under the Non-US Plan prior to December 31, 2004 and amounts credited or deferred under the Non-US Plan which would not be
deemed to be subject to 409A, and any subsequent increases in these amounts, shall continue to be subject to the terms and conditions of the Non-US Plan and shall not be affected by this Plan. 
 Plan Account means an account maintained for Covered Participants with respect to 409A Amounts credited or accrued under the Plan. 
 Retirement means Separation from Service on or after age 50 and attainment of age 65; Separation from Service on or after age 50 and attainment of
at least age 55 and a minimum of 10 or more years of “continuous service” (as defined in the UTC Employee Retirement Plan as in effect on January 1, 2008); or a Rule of 65 termination. 
 Retirement Date means the date of a Participant’s Retirement. 
 “Rule of 65” Termination means Separation from Service on or after age 50 and before age 55, with a combination of age and years of “continuous service” (as defined in the UTC Employee
Retirement Plan as in effect on January 1, 2008) equal to at least 65. 
 Separation from Service means a Participant’s
Termination of Employment with all UTC Companies, other than by reason of death or Disability that qualifies as a “separation from service” for purposes of Section 409A of the Code. A Separation from Service will be deemed to occur
where the Participant and the UTC Company that employs the Participant reasonably anticipate that the bona fide level of services the Participant will perform (whether as an employee or as an independent contractor) will be permanently reduced to a
level that is less than thirty-seven and a half percent (37.5%) of the average level of bona fide services the Participant performed during the immediately preceding 36 months (or the entire period the Participant has provided services if the
Participant has been providing services to the UTC Companies for less than 36 months.) A Participant shall not be considered to have had a Separation from Service as a result of a transfer from one UTC Company to another UTC Company. 
  

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 Specified Employee means each of the 50
highest-paid executives of the Corporation and its Subsidiaries, effective annually as of March 31st, based on annual salary and incentive
compensation paid in the prior year. The term includes both U.S. and non-U.S. employees. 
 UTC Company means United Technologies
Corporation or any entity controlled by or under common control with United Technologies Corporation within the meaning of Section 414(b) or (c) of the Code (but substituting “at least 20 percent” for “at least 80
percent” as the control threshold used in applying Sections 414(b) and (c)). 
 409A Amount means the amount credited, or the
actuarial present value of a benefit accrued under a Non-US Plan that is or becomes subject to Section 409A of the Code. 
 4. ELIGIBILITY

 Each employee of a UTC Company who is a Participant in a Non-US Plan shall be become a Covered Participant under this Plan if and to the
extent the Participant’s Accrued Benefit under a Non-US Plan is subject to 409A. Participation shall commence automatically without any election or other action required of the employee to become a Covered Participant. In no event shall any
person who is not entitled to benefits under a Non-US Plan be eligible for benefits under this Plan. An employee of the UTC Companies who becomes a Covered Participant under this Plan shall be referred to herein as a “Participant.”

 5. DETERMINATION OF PLAN BENEFIT 
 The
amount of the benefit payable from this Plan to or in respect of a Participant shall equal the 409A Amount credited or accrued under any Non-US Plan in which the employee participates. 
 6. PLAN ACCOUNTS 
 Plan Accounts shall include amounts credited or accrued to Participants’
Accounts under the Plan on or after January 1, 2005. 
  

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 7. FORM OF PLAN BENEFIT 
 (a) Plan benefits shall be paid to the Participant, or on his or her behalf to any Contingent Annuitant or Beneficiary (as designated under the Non-US Plan), as a single life annuity or actuarially equivalent life
annuity, unless the Participant timely makes an election for an alternative form of payment in accordance with Subparagraph (c) of this Section 7. 
 (b) A Participant may elect separate payment methods for benefits payable under the Non-US Plan and this Plan. 
 (c) Unless a Participant elects an alternative form of the benefit payment, benefits earned under the Plan will be paid as a single life annuity or actuarially equivalent life annuity. A Participant may elect to receive a single lump-sum
payment or a series of 2 to 10 annual installment payments. A payment election under the Plan shall be made on an electronic or written Election Form, completed and submitted to the Committee no later than December 31st of the calendar year
prior to the year in which the period of service commences on which the benefit is based. A change in actuarially equivalent annuities shall not be deemed to be a change in payment election for purposes of this Plan. Except as provided below in
Subsection (d), a Participant’s payment election shall become irrevocable on the election deadline date. 
 (d) Change in Payment
Election. A Participant may make a one-time irrevocable election to change the form of payment that the Participant elected under Section 7(c), subject to the following requirements: 
 (i.) The new election must be made at least twelve months prior to the date payments are scheduled to commence (and the new election shall be ineffective
if the payment commencement date occurs within twelve months after the date of the new election); 
 (ii.) The new election will not take
effect until at least twelve months after the date when the Participant submits a new Election Form to the Committee; and 
 (iii.) The new
benefit payment commencement date must be at least five years later than the date on which payments commence under the current election. 
  

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 (e) The payment of a monthly annuity, lump-sum or annual installment distribution in accordance with this
Section 7 shall be in full satisfaction of all of the Corporation and/or any UTC Company’s obligations with respect to the Participant under the Plan. 
 8. DISTRIBUTION OF ACCOUNTS 
 (a) Except as provided in Section 7(d) (concerning the five-year delay following a Change
in Payment Election), Section 8(b) (concerning Separation from Service before Attaining Age Fifty), and 8(c) (concerning distributions to Specified Employees), the value of a Participant’s Plan Accounts will be distributed (or begin to be
distributed) to the Participant in April of the calendar year following the Retirement Date, if the benefit is a retirement benefit. If the benefit is income deferred until a set year, the value of a Participant’s Plan Account will be
distributed (or begin to be distributed) to the Participant in April of the set year. This means, for example, that if a deferral election specifies a Deferral Period until 2015, distribution will occur in April of 2015. 
 (b) Separation from Service before Attaining Age Fifty. If a Participant’s Separation from Service occurs before the Participant attains age fifty
(50), the full value of the Participant’s Plan Account will be distributed to the Participant in a lump-sum payment in April following the Participant’s Separation from Service (or, if the Participant is a Specified Employee at the time of
his or her Separation from Service, on the date provided in Subsection 8(c), below, if later) regardless of the distribution option elected. 
 If a Participant has a Separation from Service and is later re-hired by a UTC Company, the Participant’s age at the time of the Participant’s first Separation from Service will determine how the Participant’s Plan Account at
the time of the first Separation from Service is distributed. If the Participant accumulates any additional deferrals after the Participant is re-hired, the Plan shall separately account for the additional deferrals (and related investment gains or
losses), and the Participant’s age at the time of the Participant’s second Separation from Service will determine how the additional amounts are distributed. 
  

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 (c) Separation from Service of Specified Employees. If the Participant is a Specified Employee on the
date of the Participant’s Separation from Service, distribution of the Participant’s Plan Account to the Participant that is made on account of the Participant’s Separation from Service will not be made or commence earlier than the
first day of the seventh month following the date of Separation from Service. 
 (d) Administrative Adjustments in Payment Date. A payment is
treated as being made on the date when it is due under the Plan if the payment is made on the due date specified by the Plan, or on a later date that is either (i) in the same calendar year (for a payment whose specified due date is on or
before September 30), or (ii) by the 15th day of the third calendar month following the date specified by the Plan (for a payment whose specified due date is on or after October 1). A payment also is treated as being made on the date
when it is due under the Plan if the payment is made not more than 30 days before the due date specified by the Plan. In no event, will a payment to a Specified Employee be made or commence earlier than the first day of the seventh month following
the date of Separation from Service. A Participant may not, directly or indirectly, designate the taxable year of a payment made in reliance on the administrative rules in this Section 8(c). 
 9. DESIGNATION OF BENEFICIARY  
 Each Participant
shall designate a Beneficiary for his or her Plan Account on an electronic or written form provided by the Committee. A Participant may change such designation on an electronic or written form acceptable to the Committee and received by the
Committee at any time before the Participant’s death. If a Participant fails to designate a Beneficiary under this Plan, the Beneficiary or Contingent Annuitant shall be determined under the Non-US Plan. If the Beneficiary (and any contingent
Beneficiary) does not survive the Participant or if no Beneficiary is designated under the Non-US Plan, the value of the Participant’s Plan Account will be payable to the estate of the Participant, in accordance with the terms of this Plan.

  

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 10. DISTRIBUTION IN THE EVENT OF DEATH 
 In the event of the death of a Participant, the full value of the Participant’s Plan Account will be distributed to the designated Beneficiary in a
lump sum on the first business day of the month following the Participant’s death. 
 11. DISABILITY 
 In the event of the disability of a Participant, the Participant’s Plan Accounts will be maintained and distributed in accordance with the
Participant’s elections on file. 
 12. MINIMUM BALANCE PAYOUT PROVISION 
 If a Participant’s Plan Account balances under this Plan (and under all other nonqualified deferred compensation plans of the Corporation that are
required to be aggregated with this Plan under Section 409A of the Code), determined at the time of the Participant’s Separation From Service, is less than the amount set as the limit on elective deferrals under Section 402(g)(1)(B)
of the Code in effect for the year in which the Participant’s Separation From Service occurs, the Committee may distribute the Participant’s entire Plan Account balances in a lump sum on the first business day following the
Participant’s Separation From Service, notwithstanding a Participant’s election to receive a different form of distribution. 
 13. FUNDING

 The Plan shall be maintained as an unfunded Plan that is not intended to meet the qualification requirements of Section 401 of the
Code. All benefits under the Plan shall be payable solely from the general assets of the Corporation. In this regard, the rights of each Participant, Contingent Annuitant and Beneficiary under the Plan with respect to his or her Plan benefit shall
be those of a general unsecured creditor of the Corporation. The Corporation shall not undertake to set aside assets in trust or otherwise segregate assets to fund its obligations under the Plan. 
  

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 14. NONASSIGNABILITY 
 No Participant, Contingent Annuitant or Beneficiary or any other person shall have the right to sell, assign, transfer, pledge, or otherwise encumber any interest in the Plan. All Plan benefits are unassignable and
non-transferable and shall not be subject to attachment or seizure for the payment of any debts, judgments or other obligations. No Plan interest shall be transferred by operation of law in the event of the bankruptcy or insolvency of a Participant,
Contingent Annuitant, or Beneficiary. 
 15. NO CONTRACT OF EMPLOYMENT 
 Participation in the Plan shall not be construed to constitute a direct or indirect contract of employment between any UTC Company and the Participant. Nothing in the Plan shall be deemed to give a Participant the
right to be retained in the service of a UTC Company for any length of time. Participants, Contingent Annuitants and Beneficiaries shall have no rights against any UTC Company resulting from participation in the Plan other than as specifically
provided herein. 
 16. OPERATION AND ADMINISTRATION 
 The Committee shall be solely responsible for the administration and operation of the Plan. The Committee shall have full and exclusive authority and discretion to interpret the provisions of the Plan and to establish
such administrative procedures as it deems necessary and appropriate to carry out the purposes of the Plan. Any question of administration or interpretation arising under the Plan shall be determined by the Committee (or its delegate) in its full
discretion, and its decision shall be final and binding upon all parties. 
 Any person claiming a benefit, requesting an interpretation or
ruling under the Plan, or requesting information under the Plan shall present the request in writing to the Committee at United Technologies Corporation, 1 Financial Plaza, Hartford, Connecticut 06101, Attn: Deferred Compensation Committee. The
Committee shall respond in writing as soon as practicable. 
  

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 17. TAXES/WITHHOLDING 
 The Corporation shall have the right to withhold any federal, state, local or foreign taxes of any kind required to be withheld from all deferrals and distributions under the Plan that the Corporation reasonably
determines to be required by law to be withheld from such deferrals and distributions. 
 18. GOVERNING LAW 
 The provisions of the Plan will be construed and interpreted according to the laws of the State of Connecticut, to the extent not preempted by federal
law. 
 19. AMENDMENT  
 The Corporation
may, at any time, amend the Plan in whole or in part, provided that no amendment may decrease the value of any Plan Accounts as of the date of such amendment. In the event of any change in law or regulation relating to the Plan and the tax treatment
of Plan Accounts, the Plan shall, without further action by the Committee, be deemed to be amended to comply with any such change in law or regulation effective as of the first date necessary to prevent the taxation, constructive receipt or deemed
distribution of Plan Accounts prior to the date Plan Accounts would be distributed under the provisions of Section 8. 
 20. PLAN SUSPENSION AND
TERMINATION  
 (a) The Committee, may, at any time, suspend or terminate the Plan with respect to new or existing Election Forms if, in
its sole judgment, the continuance of the Plan, the tax, accounting, or other effects thereof, or potential payments thereunder would not be in the best interest of the Corporation or for any other reason. 
  

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 (b) In the event of the suspension of the Plan, no additional deferrals shall be made under the Plan, but
all previous deferrals shall accumulate and be distributed in accordance with the otherwise applicable provisions of the Plan and the applicable elections on file. 
 (c) Upon the termination of the Plan with respect to all Participants, and the termination of all arrangements sponsored by the Corporation or its affiliates that would be aggregated with the Plan under
Section 409A of the Code, the Corporation shall have the right, in its sole discretion, and notwithstanding any elections made by the Participant, to pay the Participant’s Plan Account in a lump sum, to the extent permitted under
Section 409A. All payments that may be made pursuant to this Section 19 shall be made no earlier than the thirteenth month and no later than the twenty-fourth month after the termination of the Plan. The Corporation may not accelerate
payments pursuant to this Section 19 if the termination of the Plan is proximate to a downturn in the Corporation’s financial health within the meaning of Treas. Reg. section 1.409A-3(j)(4)(ix)(C)(1). If the Corporation exercises its
discretion to accelerate payments under this Section 19, it shall not adopt any new arrangement that would have been aggregated with the Plan under Section 409A within three years following the date of the Plan’s termination.

 21. COMPLIANCE WITH SECTION 409A 
 To
the extent that rights or payments under this Plan are subject to Section 409A of the Internal Revenue Code, the Plan shall be construed and administered in compliance with the conditions of Section 409A and regulations and other guidance
issued pursuant to Section 409A for deferral of income taxation until the time the compensation is paid. Any distribution election that would not comply with Section 409A of the Code shall not be effective for purposes of this Plan. To the
extent 

  

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that a provision of this Plan does not comply with Section 409A of the Code, such provision shall be void and without effect. The Corporation does not
warrant that the Plan will comply with Section 409A of the Code with respect to any Participant or with respect to any payment. In no event shall UTC Company; any director, officer, or employee of a UTC Company (other than the Participant); or
any member of the Committee be liable for any additional tax, interest, or penalty incurred by a Participant or Beneficiary as a result of the Plan’s failure to satisfy the requirements of Section 409A of the Code, or as a result of the
Plan’s failure to satisfy any other requirements of applicable tax laws. 
 22. NO CONSENT REQUIRED  
 The consent of any Participant, Beneficiary, or other person shall not be required with respect to any amendment, suspension, or termination of the Plan.

 23. VALIDITY  
 If any provision of the
Plan is held to be illegal or invalid for any reason, the remaining provisions of the Plan will be construed and enforced as if such illegal and invalid provision had never been inserted herein. 
 24. NOTICE  
 Any notice or filing required or
permitted to be given to the Committee under the Plan shall be sufficient if sent by first-class mail, to the United Technologies Corporation Deferred Compensation Committee, 1 Financial Plaza, Hartford, Connecticut 06101, Attn: Director,
Compensation, MS-504. Any notice or filing required or permitted to be given to any Participant or Beneficiary under the Plan 

  

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shall be sufficient if provided either electronically, hand-delivered, or mailed to the address (or email address, as the case may be) of the Participant or
Beneficiary then listed on the records of the Corporation. Any such notice will be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or email system. 
 25. SUCCESSORS 
 The provisions of the Plan shall bind
and inure to the benefit of the Corporation, and its successors and assigns. The term successors shall include any corporate or other business entity that by merger, consolidation, purchase or otherwise acquires all or substantially all of the
business and assets of the Corporation and successors of any such Corporation or other entity. 
 26. BENEFIT CLAIMS PROCEDURE 
 A Participant or Beneficiary who believes that he or she has been denied a benefit to which he or she is entitled under the Plan (referred to in this
Section 26 as a “Claimant”) may file a written request with the Committee setting forth the claim. The Committee shall consider and resolve the claim as set forth below. 
 (a) Upon receipt of a claim, the Committee shall advise the Claimant that a response will be forthcoming within 90 days. The Committee may, however,
extend the response period for up to an additional 90 days for reasonable cause, and shall notify the Claimant of the reason for the extension and the expected response date. The Committee shall respond to the claim within the specified period.

 (b) If the claim is denied in whole or part, the Committee shall provide the Claimant with a written decision, using language calculated
to be understood by the Claimant, setting forth (1) the 

  

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specific reason or reasons for such denial; (2) the specific reference to relevant provisions of this Plan on which such denial is based; (3) a
description of any additional material or information necessary for the Claimant to perfect his or her claim and an explanation why such material or such information is necessary; (4) appropriate information as to the steps to be taken if the
Claimant wishes to submit the claim for review; (5) the time limits for requesting a review of the claim; and (6) the Claimant’s right to bring an action for benefits under Section 502(a) of ERISA. 
 (c) Within 60 days after the Claimant’s receipt of the written decision denying the claim in whole or in part, the Claimant may request in writing
that the Committee review the determination. The Claimant or his or her duly authorized representative may, but need not, review the relevant documents and submit issues and comment in writing for consideration by the Committee. If the Claimant does
not request a review of the initial determination within such 60-day period, the Claimant shall be barred from challenging the determination. 
 (d) Within 60 days after the Committee receives a request for review, it will review the initial determination. If special circumstances require that the 60-day time period be extended, the Committee will so notify the Claimant and will
render the decision as soon as possible, but no later than 120 days after receipt of the request for review. 
 (e) All decisions on review
shall be final and binding with respect to all concerned parties. The decision on review shall set forth, in a manner calculated to be understood by the Claimant, (1) the specific reasons for the decision, including references to the relevant
Plan provisions upon which the decision is based; (2) the Claimant’s right to receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information, relevant to his or her benefits; and
(3) the Claimant’s right to bring an action for benefits under Section 502(a) of ERISA. 
  

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