Document:

Exhibit 10.28

  

   

    

   

  	
          Internal

          Correspondence

        

  
    

    

    October 27, 2019

     

    

    PERSONAL & CONFIDENTIAL

     

      

    Dear Mark:

     

    

    Congratulations on your new International Assignment! We hope this global opportunity will be both a professionally and personally rewarding experience.
      This Letter of Assignment (“LOA” or “Agreement”), including Appendices, details the terms and general conditions applicable to your Assignment as summarized below:

     

    

    	
            Home Country:

          	
            United States

          
	
            Home Company:

          	
            Otis Elevator International, Inc.

          
	
            Host Country:

          	
            France

          
	
            Host Company:

          	
            United Technologies Holdings S.A.S.

          

     

    

    Your Assignment is subject to obtaining and maintaining all applicable immigration authorizations, medical or other clearances required by the Host Country
      and providing your Home Company a signed copy of this LOA.

     

    

    Long-Term Assignment Policy

     

    

    The Long-Term Assignment Policy outlines the relocation and on-going Assignment benefits and support provided to Assignees and accompanying Eligible
      Dependents. See Appendix A for details about your Assignment allowances. By signing this Agreement, you formally agree to adhere to the policies and requirements of the Otis Worldwide Corporation Global Mobility Program. You further acknowledge that
      you have been provided with and agree to comply with the terms of the Otis Long-Term Assignment Policy and Long-Term Assignment Policy Flex Benefits, Version 1.0 (the “Policy”). Unless otherwise indicated, capitalized terms have been defined in the
      Policy.

     

    

    Assignment Status

     

    

    You will be assigned to the Host Company. You must abide by all laws in the Host Country and perform duties reasonably assigned to you by the Host Company. It
      is also expected that you will conduct yourself in a professional manner at all times and carry out your duties and responsibilities. While on Assignment, your status for Otis International Trade Compliance (“ITC”) purposes shall be determined in
      accordance with the Otis ITC Global Mobility procedures.

     

    

    This LOA does not create a contract of employment, but simply seeks to confirm the conditions which pertain to your International Assignment. The duration,
      terms and conditions of the Assignment are subject to revision in accordance with business needs, and changes to the Global Mobility Program or Company policies.

    
      
        

    

    
      	
              Internal

              Correspondence

            

    

     

    

    Tax Equalization Policy

     

    

    The Tax Equalization Policy is to support your general tax neutrality and global tax compliance while on Assignment. You acknowledge that you have been
      provided with, understand and consent and are subject to the terms of the Otis Tax Equalization Policy, version 1.0. By signing this LOA, you expressly authorize the company to withhold any amounts due to the company.

     

    

    Code of Ethics and Compliance with Laws

     

    

    You agree that you are bound by the provisions of the Otis Code of Ethics and the Otis Corporate Policy Manual. You agree to perform all aspects of your job
      in accordance with all applicable laws, both in the Home and Host Countries, to strictly follow all workplace safety rules, to protect the property of the company and to maintain the highest standards of personal and professional ethics.

     

    

    Data Privacy

     

    

    By signing this Agreement, you confirm your understanding and explicitly agree that the company, its affiliate and/or third parties may, in connection with
      your employment and/or your International Assignment, collect, use, process, transmit and hold personal data, including sensitive personal data. The data may be in electronic or other form and may be used to manage your employment and Assignment
      arrangements, to comply with legal and regulatory obligations and to fulfil the company’s business or other legitimate interests as required or permitted by law or regulation. Because of the global nature of an International Assignment, your personal
      data will, subject to applicable law, be transferred internationally to other countries worldwide. This may mean that personal data is transferred to countries, such as the United States, where data servers may be located. Each country provides
      different standards of legal protection of personal data. All such collection, use, processing, transmission and holding of data will comply with applicable data privacy protection requirements. If you do not want to have your personal data shared,
      you may choose to not sign this LOA and not be deployed on Assignment.

     

    

    Intellectual Property

     

    

    You agree and acknowledge that to the extent allowed by applicable law, all rights, titles and interests in all intellectual property created by you in the
      course of your International Assignment will belong to the company and/or its affiliates and you will have no right, title, interest, claim or right of sale on such intellectual property rights.

     

    

    Confidentiality

     

    

    By signing this Agreement, you agree that Company Information acquired and known to you shall be deemed strictly confidential. Unless permitted by the company
      in writing, during the term of this International Assignment or at any time thereafter, you shall not disclose any Company Information to any legal person, individual or other organization or entity for any purpose and in any manner, nor utilize the
      Company Information for any purpose other than performing your duties.

     

    

    By signing this Agreement, you further agree to keep the terms of this Agreement confidential and to not disclose its content to anyone except for purposes of
      seeking legal or financial advice.

     

    

    
      	
              LETTER OF ASSIGNMENT

            	 2

    

    
      
        

    

    
      	
              Internal

              Correspondence

            

    

     

    

    Governing Law

     

    

    Your LOA, International Assignment and employment relationship are generally subject to and governed by the laws of the Home Country in accordance with the
      terms of the Policy.

     

    

    Thank you for supporting our global initiatives. Best wishes to you in your new Assignment.

     

    

    Sincerely,

     

    

    	
            
              /s/ Wayne E. Boyington

            

          	 	
            
              28 October, 2019

            

          
	
            Wayne E. Boyington

              VP, HR - Commercial Products Support

          	 	
            Date

          

     

    

    Please indicate your agreement by signing below and returning this LOA as soon as possible. This letter shall not be amended or supplemented unless in writing
      and signed by you and a duly authorized representative of the company.

     

    

    I have reviewed the general terms and conditions of my International Assignment outlined above (including appendices) and by signing below, accept these
      conditions.

     

    

    	
            
              /s/ Mark Eubanks

            

          	 	
            
              11/11/2019

            

          
	
            Mark Eubanks

          	 	
            Date

          

     

    

    Please scan and return a fully signed copy of this Letter to GlobalMobility@otis.com

     

    

    Inclusions:

      Appendix A: Long-Term Assignment and Allowance Summary

    

    

    
      
        	
                LETTER OF ASSIGNMENT

              	 3

      

    

    
      
        

    

    
      	
              Internal

              Correspondence

            

    

     

    

    APPENDIX A: Long-Term Assignment and Allowance Summary

     

    

    Please review the Long-Term Assignment Policy for additional detail regarding the Assignment and relocation support for this Assignment. Some allowances
      may fluctuate due to exchange rate, data updates or family size changes. Allowances that are calculated on Base Salary are subject to a Policy Maximum of a Base Salary cap of 250,000 USD or local equivalent, as determined at time of payment. Policy
      benefits are subject to revision based on changes in the duration, terms and conditions of the Assignment.

     

    

    	
            Assignment Summary

          	 
	
            Home Country

          	
            PA, United States

          
	
            Host Country

          	
            Paris, France

          
	
            Position Title

          	
            President, Otis EMEA

          
	
            Anticipated Assignment Start Date

          	
            January 1, 2020

          
	
            Anticipated Assignment End Date

          	
            July 15, 2022

          
	
            Tax Equalization Location

          	
            PA, United States

          
	
            Split Family

          	
            No

          

    

    

    	
            Policy Benefit 1

          	
            Amount and Frequency

          
	
            Assignment Premium

          	
            2,083.34 USD Per month

          
	
            Goods and Services Differential (G&S)

          	
            551.38 USD Per month

          
	
            Host Country Transportation

          	
            Company provided

          
	
            Host Country Housing

          	
            8,500.00 EUR Monthly housing budget

          
	
            Host Country Utilities Allowance

          	
            430.00 EUR Per month

          

    1 Policy benefits subject to revision due to changes in the duration, terms and/or conditions of the assignment.

     

    

    
      
        	
                LETTER OF ASSIGNMENT

              	 4Exhibit 10.29

  

   

    

  
    	
            United Technologies Corporation

            4 Farm Springs Road

            Farmington, CT 06032

            (860) 728-6381 Fax:  (860) 660-0778

             

            

            Jeff Kridler 

            

            Corporate Vice President, Total Rewards

          	 	
            

          

    

    

    February 3, 2020

    

    

    Dear Ms. Marks:

    

    

    The purpose of this letter is to confirm an amendment to the terms of certain awards granted to you under the UTC Long Term Incentive Plan (the “LTIP”) dated
      November 1, 2017 (excluding the ELG award granted on that date), January 2, 2018 and February 5, 2019 (the “Awards”).  As a result of Compensation Committee action taken at its meeting of January 31, 2020, these awards will now be subject to modified
      treatment in the event you are involuntarily terminated from Otis Worldwide Corporation (“Otis”) for reasons other than cause (as defined in Section 1(h) of the LTIP).  Specifically, in the event of such an involuntary termination, the Awards will be
      subject to the same treatment provided for retirement eligible participants.  Accordingly, the Awards (and each Award Agreement and Schedule of Terms, as applicable) are hereby amended, effective immediately, to provide that, in the event of
      involuntary, not for cause termination, the following will occur:

    

    

    
      
        	

              	(i)	
                Awards held for more than one year will not be subject to forfeiture;

              

      

    

    

    

    
      
        	

              	(ii)	
                Awards comprised of restricted share units (“RSUs”) held for more than one year (including the sign on RSU grant dated November 1, 2017) will fully vest, provided,
                  however, that your Executive Leadership Group RSU award dated November 1, 2017 will remain subject to the vesting criteria applicable to ELG RSU awards;

              

      

    

    

    

    
      
        	

              	(iii)	
                Awards comprised of performance share units (“PSUs”) held for more than one year that will be converted into time-based RSUs upon the spinoff of Otis will remain
                  eligible to vest on the original vesting date;

              

      

    

    

    

    
      
        	

              	(iv)	
                Awards comprised of stock appreciation rights (“SARs”) held for more than one year will fully vest and become exercisable immediately following the date of
                  termination and remain exercisable until the SAR expiration date; and

              

      

    

    

    

    
      
        	

              	(v)	
                Your 2020 LTIP grant will be subject to the vesting provisions set forth above.

              

      

    

    

    

    Vesting treatment is not affected by this Amendment should you resign voluntarily or if termination occurs for cause.  This amendment shall continue to apply
      to the Awards following the transfer of such Awards from UTC to Otis.  All other terms of the LTIP and any successor Otis plan continue to apply to the Awards except as expressly modified herein.  The Awards remain subject to conversion and
      adjustment resulting from the spinoff of Otis, consistent with the treatment and methodology applicable to Otis awards generally.

    

    

    Very truly yours,

    

    

    /s/ Jeffrey W. Kridler

    

    

    Jeffrey W. Kridler

    Corporate Vice President, Total Rewards

    

    

    Acknowledged and Accepted:

     

    

    	
            /s/ Judy Marks

          	 	
            3 February 2020

          
	
            Judy Marks

          	 	
            Date

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