Document:

Exhibit 10.27 

US

EID Number: _________

      2006 Stock
  Incentive Plan

of Honeywell International Inc. and its Affiliates

	 OPTION
        AWARD
        AGREEMENT

      

     AWARD AGREEMENT made in Morris Township, New Jersey, as of the [DAY] day of [MONTH, YEAR] between Honeywell International Inc. (the
“Company”) and [EMPLOYEE NAME] (the “Employee”). 

	
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 Incentive Plan for Employees of
Honeywell International Inc. and its Affiliates (the “Plan”). This Option is a nonqualified Option.	
	 
	
2.      		
Exercise Price. The purchase price of the Shares covered by the Option will be [DOLLAR AMOUNT] per Share.	
	 
	
3.      		
Vesting. Except in the event of your death or Disability or a Change in Control, the Option will become exercisable in cumulative installments 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 contacting the Honeywell Stock Option Service Center, managed by Smith Barney, by telephone
at 1-888-723-3391 or 1-212-615-7876, or on the internet at www.benefitaccess.com. 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.	
	 

 

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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 earlier of (i) 
      original expiration date, or  (ii)
      3 years after death.
	 
 	
    	 
 	
	 
 
	 Disability	    	 Immediate vesting as of 
      incurrence of Disability.	    	 Expires earlier of (i) 
      original expiration date, or  (ii)
      3 years after Disability.
	 
 	
    	 
 	
	 
 
	 Full Retirement 
      (Voluntary Termination of  Employment
      on or after age  60 and 10 Years of Service)    	         	 Unvested Awards forfeited 
      as of Full Retirement.	         	 Expires earlier of (i) 
      original expiration date, or  (ii)
      3 years after retirement.  If you die prior
      to end of  this 3-year period, expires 
      earlier of (i) original  expiration
      date, or (ii) 1  year after death.    
	 
 	
    	 
 	
    	 
 
	 Early Retirement 
      (Termination of  Employment
      because of  retirement from active 
      employment on or after age  55
      and 10 Years of Service)  	         	 Unvested Awards forfeited 
      as of Early Retirement.  	         	 Expires earlier of (i) 
      original expiration date, or  (ii)
      3 years after retirement.  If you die prior
      to end of  this 3-year period, expires 
      earlier of (i) original  expiration
      date, or (ii) 1  year after death.     
	 
 	
    	 
 	
    	 
 
	 Voluntary termination     	         	 Unvested Awards forfeited 
      as of Termination of  Employment.     	         	 Expires earlier of (i) 
      original expiration date, or  (ii)
      30 days after  termination. If you die prior 
      to end of this 30-day period,  expires
      earlier of (i) original  expiration date,
      or (ii) 1  year after death.     
	 
 	
    	 
 	
    	 
 
	 Involuntary termination not 
      for Cause  	         	 Unvested Awards forfeited 
      as of Termination of  Employment.     	         	 Expires earlier of (i) 
      original expiration date, or  (ii)
      1 year after termination.  If you die prior
      to end of  this 1-year period, expires 
      earlier of (i) original  expiration
      date, or (ii) 1  year after death.     
	 
 	
    	 
 	
    	 
 
	 Involuntary termination for 
      Cause  	    	 Unvested Awards forfeited 
      as of Termination of  Employment.     	    	 Vested Awards immediately 
      cancelled.  
	 
 	

    	 
 	
    	 
 

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	 	For purposes of this Agreement, if your employment is terminated under circumstances that entitle you to severance benefits under a severance plan of the Company or an Affiliate in which you participate, “Termination of
Employment” refers to the date immediately prior to the date severance benefits become payable under the terms of the severance plan. If your employment is terminated under any other circumstances and you are not entitled to severance benefits
under a severance plan of the Company or an Affiliate, “Termination of Employment” refers to the last day you actively perform services for the Company and its Affiliates.
	 	 
	
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.	
	 
	
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.      		
Forfeiture of Award.	
	 
	 	
(a)      		
By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions of subparagraph (b) will apply if, from the date of the grant of the Option until the date that is twenty-four (24) months after your
Termination of Employment for any reason, you enter into an employment or consultation 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 the Company or any Affiliate is engaged if the business is competitive (in the sole judgment of the Committee) with the Company or an Affiliate and the Committee has not approved the agreement or arrangement in
writing.	
	 
	 	
(b)      		
If the Committee determines, in its sole judgment, that you have engaged in an act that violates subparagraph (a) prior to the 24-month anniversary of your Termination of Employment, any Option that you have not exercised (whether
vested or unvested) will immediately be rescinded, and you will forfeit any rights you have with respect to the Option as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the
Company, Shares equal in value to the amount of any profit you realized upon an exercise of the Option during the period beginning six (6) months prior to your Termination of Employment and ending on the date of the Committee’s
determination.	
	 
	
12.      		
Adjustments. Any adjustments to the Option will be governed by Section 5.3 of the Plan.	
	 

	
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13.      		
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.	
	 
	
14.      		
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, and you agree not to use the Company’s “cashless exercise” program (or any successor program) at any time when you possess material nonpublic information with
respect to the Company or when using the program 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.	
	 
	
15.      		
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 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.	
	 
	
16.      		
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 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 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 or its Affiliates, pursuant to a transfer made in the past with your consent, in respect	
	 

	
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	 	 	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.
	 	 	 
	 	(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 the 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 Option. Furthermore, 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 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	
	 

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	 	 	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 the Option hereunder, and any future grant of an option under the Plan, is entirely voluntary, and at the complete discretion of the Company. Neither the grant of the Option 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 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 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.	
	 
	
19.      		
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.	
	 
	
20.      		
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.	
	 
	 	
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 day and year first above written. By consenting to 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	
	 

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Option are replaced and superseded. You will be deemed to consent to the application of the terms and conditions set forth in this Agreement and the Plan unless you contact Honeywell International Inc., Executive
Compensation/AB-1D, 101 Columbia Road, Morristown, NJ 07962 in writing within thirty (30) days of the date of this Agreement. 

	  	Honeywell
        International Inc.

	  
	  
	  
	  
	 	/s/ David M. Cote 
	 	By:  	 David M. Cote  
	  	  	 Chairman of the Board and 
    
	  	  	 Chief Executive Officer  

7Exhibit 10.28

      2006 Stock
  Incentive Plan

of Honeywell International Inc. and Its Affiliates

RESTRICTED UNIT AGREEMENT

     RESTRICTED UNIT 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 [EMPLOYEE NAME] (the “Employee”). 

	
1.      		
Grant of Award. The Company has granted you [NUMBER] Restricted Units, subject to the provisions of this Agreement and the 2006 Stock Incentive Plan for Employees of Honeywell International Inc.
and its Affiliates (the “Plan”). The Company will hold the Restricted Units in a bookkeeping account on your behalf until they become payable or are forfeited or cancelled.	
	 
	
2.      		
Payment Amount. Each Restricted Unit represents one (1) Share of Common Stock.	
	 
	
3.      		
Vesting. Except in the event of your Full Retirement, death, Disability, or a Change in Control, or as otherwise provided in this Agreement, the restrictions on the Restricted Units will lapse on
[VESTING PROVISIONS CONSISTENT WITH THE PLAN]. Your vested right will be calculated on the earliest of (a) [VESTING DATE(S)], (b) your Termination of Employment, or (c) the occurrence of a Change in Control. No partial credit will be given for
partial years of employment.	
	 
	
4.      		
Form and Timing of Payment. Vested Restricted Units will be redeemed solely for Shares. [FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION: Except as otherwise determined by the Management
Development and Compensation Committee (the “Committee”), in its sole discretion, Dividend Equivalents will always be paid in cash.] Payment on Restricted Units [and Dividend Equivalents (and earnings thereon)] will be made as soon as
practicable following the lapse of the restrictions on the Restricted Units but in no event later than two and one-half (2-1/2) months following the end of the calendar year in which the restrictions lapse. [FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION: You cannot defer payment of the Restricted Units or Dividend Equivalents (or earnings thereon).]	
	 
	
5.      		
[FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION: Dividend	Equivalents. Except as otherwise determined by the Committee, in its sole discretion, you will accrue Dividend Equivalents in an amount equal to the value of any cash or 
	 
	 	 
	 

	 	
stock dividends paid by the Company upon one Share of Common Stock for each Restricted Unit credited to your bookkeeping account. Accrued Dividend Equivalents will be subject to the same forfeiture and transferability restrictions
that apply to the Restricted Units to which they relate. The Company will hold a accrued Dividend Equivalents (and earnings thereon) in a bookkeeping account on your behalf until they become payable or are forfeited. Accrued Dividend Equivalents
will earn, for the relevant year, the same rate of interest credited to deferrals under the Salary and Incentive Award Deferral Plan for Selected Employees of Honeywell International Inc. and its Affiliates. For 2007, the rate is 5.8% and is subject
to change annually.]	
	 
	
6.      		
[FOLLOWING INCLUDED AT COMMITTEE’S DISCRETION: Deferral of Payment. If you would like to defer payment on the Restricted Units, you may make a request to the
Committee in writing in the form and at the time designated by the Committee. You must submit a suggested payment schedule with the request for deferral. The Committee may, in its sole discretion, determine whether to permit deferral of payment in
the manner requested. If the Committee does not accept your proposed payment schedule, then payment will be made as provided in Section 4. You cannot defer payment of Dividend Equivalents (or earnings thereon).]	
	 
	
7.      		
Termination of Employment. Any Restricted Units [or accrued Dividend Equivalents (and earnings thereon)] that have not vested as of your Termination of Employment, other than by reason of your Full
Retirement, death or Disability, or a Change in Control, will immediately be forfeited, and your rights with respect to these Restricted Units [and accrued Dividend Equivalents (and earnings thereon)] will end. For purposes of this Agreement, if
your employment is terminated under circumstances that entitle you to severance benefits under a severance plan of the Company or an Affiliate in which you participate, “Termination of Employment” refers to the date immediately prior to
the date severance benefits become payable under the terms of the severance plan. If your employment is terminated under any other circumstances and you are not entitled to severance benefits under a severance plan of the Company or an Affiliate,
“Termination of Employment” refers to the last day you actively perform services for the Company and its Affiliates.	
	 
	
8.      		
Retirement, Death or Disability. If your Termination of Employment occurs because of your death or Disability, any remaining restrictions on Restricted Units [and accrued Dividend Equivalents (and
earnings thereon)] will lapse, and payment will be made in accordance with Section 4. If you are deceased, the Company will make a payment to your estate only after the Committee has determined that the payee is the duly appointed executor or
administrator of your estate.	
	 
	 	
If your Termination of Employment occurs solely because of your Full Retirement, you will receive (a) [plus (b)], where (a) [and (b)] equal[s] the following:	
	 
	 	
(a) a pro-rata payment of Restricted Units equal to (i) times (ii), where:	
	 

	 	 	 
	 	 	i. 	equals the number of Restricted Units set forth in Section 1 above, and
	 	 	 
	 	 	ii.	equals the ratio of your complete years of service as an employee of the Company or its Affiliate between the Date of Grant and your Termination of Employment, and three (3)[, and
	 	 	 
	 	(b) 	a pro-rata payment of accrued Dividend Equivalents (and the earnings thereon) equal to (i) times (ii), where:
	 	 	 
	 	 	i. 	equals the value of your accrued Dividend Equivalents (and the earnings thereon) as of your Termination of Employment, and
	 	 	 
	 	 	ii. 	equals the ratio of your complete years of service as an employee of the Company or its Affiliate between the Date of Grant and your Termination of Employment, and three (3)].
	 	 
	 	Payment will be made in accordance with Section 4.
	 	 
	
9.      		
Change in Control. In the event of a Change in Control, any restrictions on Restricted Units that have not lapsed or terminated as of the date of Change in Control will immediately lapse. No later
than 90 days after the date of Change in Control, you will receive for the Restricted Units the sum of (a) a single payment in cash equal to the product of the number of outstanding Restricted Units as of the date of the Change in Control (including
any Restricted Units that vest pursuant to this Section 9) and a multiplication factor, as set forth in the Plan[, and (b) a single payment in cash equal to any accrued Dividend Equivalents (and the earnings thereon) as of the date of the Change in
Control]. [If you deferred payment of any portion of your Restricted Units as described in Section 6, you may elect not to accelerate payment in the event of a Change in Control.]	
	 
	
10.      		
Withholdings. The Company will have the right, prior to any issuance or delivery of Shares on Restricted Units [or of payment of accrued Dividend Equivalents (and earnings thereon)], to withhold or
require from you the amount necessary to satisfy applicable tax requirements, as determined by the Committee.	
	 
	
11.      		 Transfer of Award. You
      may not transfer the Restricted Units[, Dividend Equivalents (or earnings
      thereon)] or any interest in the Restricted Units [or Dividend Equivalents
      (or earnings thereon)] except by will or the laws of descent and distribution
      [FOLLOWING INCLUDED AT COMMITTEE'S DISCRETION: or except as permitted by
      the Committee as specified in the Plan]. Any other attempt to dispose of
      your interest will be null and void. 
	 
	
12.      		
Forfeiture of Awards.	
	 
	 	
(a)      		
By accepting the Award, you expressly agree and acknowledge that the forfeiture provisions of subparagraph (b) will apply if, from the Date of Grant of these Restricted Units until the date that is twenty-four (24) months after
your Termination	
	 

	 
	 	 	of Employment, for any reason, you enter into an employment or consultation 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 the Company or any Affiliate is engaged if the business is competitive (in the sole judgment of the Committee) with the Company or an Affiliate and the Committee has not approved the agreement or arrangement in
writing.
	 	 	 
	 	
(b)      		
If the Committee determines, in its sole judgment, that you have engaged in an act that violates subparagraph (a) prior to the 24-month anniversary of your Termination of Employment, your outstanding Restricted Units will
immediately be rescinded, and you will forfeit any rights you have with respect to these Restricted Units as of the date of the Committee’s determination. In addition, you hereby agree and promise immediately to deliver to the Company, Shares
equal in value to the amount of any Restricted Units you received payment for during the period beginning six (6) months prior to your Termination of Employment and ending on the date of the Committee’s determination. [You also hereby agree and
promise immediately to repay the value of any accrued Dividend Equivalents (and earnings thereon) for which you received payment during the period beginning six (6) months prior to your Termination of Employment and ending on the date of the
Committee’s determination.]	
	 
	
13.      		
Restrictions on Payment of Shares. Payment of Shares for your Restricted Units is subject to the conditions that, to the extent required at the time of exercise, (a) the Shares underlying the
Restricted Units will be duly listed, upon official notice of redemption, upon the New York Stock Exchange, 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 for the
Company.	
	 
	
14.      		
Adjustments. Any adjustments to the Restricted Units will be governed by Section 5.3 of the Plan.	
	 
	
15.      		
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 applicable
securities laws in respect of trading in the Company’s securities. The Company will have the right to recover, or receive reimbursement for, any compensation or profit you realize on the disposition of Shares received for Restricted Units to
the extent that the Company has a right of recovery or reimbursement under applicable securities laws.	
	 
	
16.      		
Plan Terms Govern. The vesting and redemption of Restricted Units, the disposition of any Shares received for Restricted Units, the treatment of gain on the disposition of these Shares, [and the
treatment of Dividend Equivalents (and earnings thereon)] 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.	
	 
	
17.      		
Personal Data.	
	 
	 	
(a)      		
By entering into this Agreement, and as a condition of the grant of the Restricted 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 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 the 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.	
	 
	
18.      		
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 Restricted Units. Furthermore, 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 Restricted 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 Restricted Units hereunder, and any future grant of Restricted Units under the Plan, is entirely voluntary, and at the complete discretion of the Company.
Neither the grant of the Restricted 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 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.	
	 
	
19.      		
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 Restricted Units 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 Award or the account
established on your behalf. You have no rights as a shareowner of the Company pursuant to the Restricted Units until Shares are actually delivered to you.	
	 
	
20.      		
Incorporation of Other Agreements. This Agreement and the Plan constitute the entire understanding between you and the Company regarding the Restricted Units. This Agreement supersedes any prior
agreements, commitments or negotiations concerning the Restricted 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.      		
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.	
	 

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 day and year first above written. By consenting to 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 and the Plan’s prospectus; and (ii) you understand and agree that this
Agreement and the Plan constitute the entire understanding between you and the Company regarding the Award, and that any prior agreements, commitments or negotiations concerning the Restricted Units are replaced and superseded. You must accept this
Award 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 this Agreement. 

	 	 	Honeywell International Inc. 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	/s/ David M. Cote	 	 
	 	 	By:	David M. Cote	 	 
	 	 	 	Chairman of the Board
      and	 	 
	 	 	 	Chief Executive Officer	 	 
	 	 	 	 	 	 
	 	 	I Accept	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 Signature 	Date

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