Document:

EXHIBIT 10.5

 

2011 Stock Incentive Plan

 

of Honeywell International Inc. and its Affiliates

 

Growth
Plan Agreement

 

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

 

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

 

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

 

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

 

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

 

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

    	 

    	

    

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

 

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

 

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

 

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

 

[INCLUDE AS APPLICABLE: If
you retire from the Company and its Affiliates after you attain age 62 with 25 Years of Service (as defined in the Plan) and after
the Performance Cycle ends, (i) but before the first installment of your Actual Award is paid, you will receive

    	 

    	

    

an amount equal to the sum
of (A) the first installment and (B) the prorated value of the second installment, or (ii) but before the second installment of
your Actual Award is paid, you will receive an amount equal to the prorated value of the second installment. For purposes of this
paragraph, the prorated value of the second installment shall be determined by multiplying the second installment by a fraction,
the numerator of which is the number of days you were actively employed by the Company and its Affiliates from the January 1st
immediately following the end of the Performance Cycle to your separation from service date and the denominator of which is 439.
Subject to Section 19, this amount shall be paid to you as soon as practicable following your separation from service with the
Company and its Affiliates.

 

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

 

		9.	Change in Control. Notwithstanding anything in Sections 2 through 8 above to the contrary,
in the event of a Change in Control, the following provisions apply:

 

		a.	Rollover of Growth Plan Units. If your Growth Plan Units are adjusted or exchanged pursuant
to Section 5.3(c), 5.3(d)(ii), 5.3(e) or 5.3(f) of the Plan (concerning rollover of outstanding awards in certain circumstances),
then (x) if you incur an involuntary Termination of Employment not for Cause (as defined in Section 2.7 of the Plan) or a voluntarily
Termination of Employment for Good Reason (as defined in Section 5.4(d) of the Plan) during the two-year period following the Change
in Control and after the Performance Cycle has ended, the portion of your unpaid Actual Award will be paid (in cash or Shares,
as determined by the Committee) no later than the earlier of 90 days after the Termination of Employment or two and one-half months
after the end of the calendar year in which the Termination of Employment occurs and (y) if you incur an involuntary Termination
of Employment not for Cause (as defined in Section 2.7 of the Plan) or a voluntarily Termination of Employment for Good Reason
(as defined in Section 5.4(d) of the Plan) during the two-year period following the Change in Control and before the Performance
Cycle has ended, an amount equal to the Target Value, pro rated to reflect the portion of the full Performance Cycle that elapsed
prior to such Termination of Employment will be paid (in cash or Shares, as determined by the Committee) no later than the earlier
of 90 days after the Termination of Employment or two and one-half months after the end of the calendar year in which the Termination
of Employment occurs.

 

		b.	Cashout of Awards. Unless adjusted or exchanged pursuant to Section 5.3(c), 5.3(d)(ii),
5.3(e) or 5.3(f) of the Plan (concerning rollover of outstanding awards in certain circumstances), an amount equal to the Actual
Award, determined based on achievement of the Performance Measures through the date of the Change in Control, as determined by
the Committee prior to the Change in Control, pro rated to reflect the portion of the full Performance Cycle that elapsed prior
to the Change in Control will be paid (in cash or Shares, as determined by the Committee) no later than the earlier of 90 days
after your Termination of Employment or two and one-half months after the end of the calendar year in which the Change in Control
occurs.

    	 

    	

    

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

 

		11.	Requirements for and Forfeiture of Award.

 

		a.	General. The Award is expressly contingent upon you complying with the terms, conditions
and definitions contained in this Section 11 and in any other agreement that governs your noncompetition with Honeywell, your nonsolicitation
of Honeywell’s employees, customers, suppliers, business partners and vendors, and/or your conduct with respect to Honeywell’s
trade secrets and proprietary and confidential information. For purposes of this Section 11, the term “Honeywell” is
defined as Honeywell International Inc. (a Delaware corporation having a place of business at Columbia Road and Park Avenue, Morris
Township, Morris County, New Jersey), its predecessors, designees and successors, as well as its past, present and future operating
companies, divisions, subsidiaries, affiliates and other business units, including businesses acquired by purchase of assets, stock,
merger or otherwise.

 

		b.	Remedies.

 

		1.	You expressly agree and acknowledge that the forfeiture provisions of subsection 11.b.2. of this
Agreement shall apply if, from the Award Date until the date that is twenty-four (24) months after your Termination of Employment
for any reason, you (i) enter into an employment, consultation or similar agreement or arrangement (including any arrangement for
service as an agent, partner, stockholder, consultant, officer or director) with any entity or person engaged in a business in
which Honeywell is engaged if the business is competitive (in the sole judgment of the Committee) with Honeywell and the Committee
has not approved the agreement or arrangement in writing, or (ii) make any statement, publicly or privately (other than to your
spouse and legal advisors), which would be disparaging (as defined below) to Honeywell or its businesses, products, strategies,
prospects, condition, or reputation or that of its directors, employees, officers or members; provided, however, that nothing shall
preclude you from making any statement in good faith which is required by any applicable law or regulation or the order of a court
or other governmental body, or (iii) write or contribute to a book, article or other media publication, whether in written or electronic
format, that is in any way descriptive of Honeywell or your career with Honeywell without first submitting a draft thereof, at
least thirty (30) days in advance, to the Honeywell International Inc. Senior Vice President and General Counsel, whose judgment
about whether such book, article or other media publication is disparaging shall be determinative; or such a book, article or other
media publication is published after a determination that it is disparaging.

 

For purposes of this subsection
11.b.1, the term “disparaging” shall mean any statement or representation (whether oral or written and whether true
or untrue) which, directly or by implication, tends to create a negative, adverse, or derogatory impression about the subject of
the statement or representation or

    	 

    	

    

which is intended to harm the
reputation of the subject of the statement or representation.

 

		2.	In addition to the relief described in any other agreement that governs your noncompetition with
Honeywell, your nonsolicitation of Honeywell’s employees, customers, suppliers, business partners and vendors, and/or your
conduct with respect to Honeywell’s trade secrets and proprietary and confidential information, if the Committee determines,
in its sole judgment, that you have violated the terms of any such agreement or you have engaged in an act that violates subsection
11.b.1. of this Agreement, (i) any Growth Plan payment that has not yet been vested, earned or paid under this Agreement shall
immediately be cancelled, and you shall forfeit any rights you have with respect to such payment as of the date of the Committee’s
determination, and (ii) you shall immediately deliver to the Company cash equal in value to the gross Growth Plan payment you received
under this Agreement during the period beginning twelve (12) months prior to your Termination of Employment and ending on the date
of the Committee’s determination.

 

		3.	Notwithstanding anything in the Plan or this Agreement to the contrary, you acknowledge that the
Company may be entitled or required by law, Company policy or the requirements of an exchange on which the Shares are listed for
trading, to recoup compensation paid to you pursuant to the Plan, and you agree to comply with any Company request or demand for
recoupment.

 

		12.	Withholdings. The Company or your local employer shall have the power and the right to deduct
or withhold, or require you to remit to the Company or to your local employer, prior to any issuance or delivery of a Growth Plan
payment, an amount sufficient to satisfy taxes imposed under the laws of any country, state, province, city or other jurisdiction,
including but not limited to income taxes, capital gain taxes, transfer taxes, and social security contributions, and National
Insurance Contributions, that are required by law to be withheld as determined by the Company or your local employer.

 

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

 

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

 

		15.	Plan Terms Govern. The vesting of and payment for Growth Plan Units, the disposition of
any Shares received for Growth Plan Units, and the treatment of gain on the disposition of any such Shares, are subject to the
provisions of the Plan and any rules that the Committee may prescribe. The Plan document, as may be amended from time to time,
is incorporated into this Agreement. Capitalized terms used in this Agreement have the meaning set forth in the Plan, unless otherwise
stated in this Agreement. In the event of any conflict between the terms of the Plan and the terms of this Agreement, the Plan
will control. By accepting the Award, you acknowledge that the Plan and the Plan prospectus, as in effect on the date of this Agreement,
have been made available to you for your review.

 

		16.	Personal Data.

    	 

    	

    

		a.	By entering into this Agreement, and as a condition of the grant of the Growth Plan Units, you
expressly consent to the collection, use, and transfer of personal data as described in this Section to the full extent permitted
by and in full compliance with applicable law.

 

		b.	You understand that your local employer holds, by means of an automated data file, certain personal
information about you, including, but not limited to, name, home address and telephone number, date of birth, social insurance
number, salary, nationality, job title, any shares or directorships held in the Company, details of all restricted units or other
entitlement to shares or cash awarded, canceled, exercised, vested, unvested, or outstanding in your favor, for the purpose of
managing and administering the Plan (“Data”).

 

		c.	You further understand that part or all of your Data may be also held by the Company or its Affiliates,
pursuant to a transfer made in the past with your consent, in respect of any previous grant of restricted units or awards, which
was made for the same purposes of managing and administering of previous award/incentive plans, or for other purposes.

 

		d.	You further understand that your local employer will transfer Data to the Company or its Affiliates
among themselves as necessary for the purposes of implementation, administration, and management of your participation in the Plan,
and that the Company or its Affiliates may transfer data among themselves, and/or each, in turn, further transfer Data to any third
parties assisting the Company in the implementation, administration, and management of the Plan (“Data Recipients”).

 

		e.	You understand that the Company or its Affiliates, as well as the Data Recipients, are or may be
located in your country of residence or elsewhere, such as the United States. You authorize the Company or its Affiliates, as well
as the Data Recipients, to receive, possess, use, retain, and transfer Data in electronic or other form, for the purposes of implementing,
administering, and managing your participation in the Plan, including any transfer of such Data, as may be required for the administration
of the Plan and/or the subsequent holding of Shares on your behalf, to a broker or third party with whom the Shares may be deposited.

 

		f.	You understand that you may show your opposition to the processing and transfer of your Data, and,
may at any time, review the Data, request that any necessary amendments be made to it, or withdraw your consent herein in writing
by contacting the Company. You further understand that withdrawing consent may affect your ability to participate in the Plan.

 

		17.	Discretionary Nature and Acceptance of Award. By accepting this Award, you agree to be bound
by the terms of this Agreement and acknowledge that:

 

		a.	The Company (and not your local employer) is granting your Growth Plan Units. Furthermore, this
Agreement is not derived from any preexisting labor relationship between you and the Company, but rather from a mercantile relationship.

 

		b.	The Company may administer the Plan from outside your country of residence and United States law
will govern all Growth Plan Units granted under the Plan.

    	 

    	

    

		c.	Benefits and rights provided under the Plan are wholly discretionary and, although provided by
the Company, do not constitute regular or periodic payments.

 

		d.	The benefits and rights provided under the Plan are not to be considered part of your salary or
compensation under your employment with your local employer for purposes of calculating any severance, resignation, redundancy
or other end of service payments, vacation, bonuses, long-term service awards, indemnification, pension or retirement benefits,
or any other payments, benefits or rights of any kind. You waive any and all rights to compensation or damages as a result of the
termination of employment with your local employer for any reason whatsoever insofar as those rights result, or may result, from
the loss or diminution in value of such rights under the Plan or your ceasing to have any rights under, or ceasing to be entitled
to any rights under, the Plan as a result of such termination.

 

		e.	The grant of Growth Plan Units hereunder, and any future grant of Growth Plan Units under the Plan,
is entirely voluntary, and at the complete discretion of the Company. Neither the grant of the Growth Plan Units nor any future
grant by the Company will be deemed to create any obligation to make any future grants, whether or not such a reservation is explicitly
stated at the time of such a grant. The Company has the right, at any time and/or on an annual basis, to amend, suspend or terminate
the Plan; provided, however, that except as provided in Section 15, no such amendment, suspension, or termination will adversely
affect your rights hereunder.

 

		f.	The Plan will not be deemed to constitute, and will not be construed by you to constitute, part
of the terms and conditions of employment. Neither the Company nor your local employer will incur any liability of any kind to
you as a result of any change or amendment, or any cancellation, of the Plan at any time.

 

		g.	Participation in the Plan will not be deemed to constitute, and will not be deemed by you to constitute,
an employment or labor relationship of any kind with the Company.

 

		18.	Limitations. Nothing in this Agreement or the Plan gives you any right to continue in the
employ of the Company or any of its Affiliates or to interfere in any way with the right of the Company or any Affiliate to terminate
your employment at any time. Payment of your Growth Plan Units or Actual Award is not secured by a trust, insurance contract or
other funding medium, and you do not have any interest in any fund or specific asset of the Company by reason of this Agreement.
You have no rights as a shareowner of the Company unless and until Shares are actually delivered to you.

 

		19.	Agreement Changes. The Company reserves the right to change the terms of this Agreement
and the Plan without your consent to the extent necessary or desirable to comply with the requirements of Code section 409A, the
Treasury regulations and other guidance thereunder.

 

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

    	 

    	

    

		21.	Severability. The invalidity or unenforceability of any provision of this Agreement will
not affect the validity or enforceability of the other provisions of the Agreement, which will remain in full force and effect.
Moreover, if any provision is found to be excessively broad in duration, scope or covered activity, the provision will be construed
so as to be enforceable to the maximum extent compatible with applicable law.

 

		22.	Governing Law. The Plan, this Agreement, and all determinations made and actions taken under
the Plan or this Agreement shall be governed by the internal substantive laws, and not the choice of law rules, of the State of
Delaware and construed accordingly, to the extent not superseded by applicable federal law.

 

		23.	Acknowledgements. By accepting this Agreement, you agree to the following: (i) you have
carefully read, fully understand and agree to all of the terms and conditions described in this Agreement, the Plan, the Plan’s
prospectus and all accompanying documentation; and (ii) you understand and agree that this Agreement and the Plan constitute the
entire understanding between you and the Company regarding the Growth Plan Units, and that any prior agreements, commitments or
negotiations concerning the Growth Plan Units are replaced and superseded.

 

		24.	Award Acceptance. To retain this Award, you must accept it by signing the Agreement below
and, by signing this Agreement, you will be deemed to consent to the application of the terms and conditions set forth in this
Agreement and the Plan. If you do not wish to accept this Award, you must contact Honeywell International Inc., Executive Compensation/AB-1D,
101 Columbia Road, Morristown, New Jersey 07962 in writing within thirty (30) days of the Award Date.exhibit
10.6

 

Transition
AGREEMENT

 

THIS Transition Agreement
(this “Agreement”), by and between DAVID J. ANDERSON (“you”), an individual resident
at, ______ , and honeywell international inc., a Delaware
corporation, (the “Company” or “Employer”) and its shareholders,
subsidiaries, divisions, affiliates, and/or related business entities, and with respect to each of them, their predecessors,
successors and assigns, employee benefit plans or funds, and with respect to each such entity, all of its or their past,
present and/or future directors, officers, attorneys, counsel, fiduciaries, agents, trustees, administrators, employees and
assigns, whether acting on behalf of the Company or in their individual capacities (collectively the “Company
Entities”), made this 7th day of April, 2014.

 

		1.	EMPLOYMENT
                                                                                                                                      AND
                                                                                                                                      Termination
                                                                                                                                      Date.

 

(a)
You have communicated your desire to retire from your position with the Company as its Chief
Financial Officer (“CFO”). You therefore agree that your employment with the Company shall terminate on May 31, 2014
(the “Separation Date”). As of the Separation Date, you shall have experienced a “separation from service”
as provided for in Section 1.409A-1(h) of the Final Regulations under Section 409A of the Internal Revenue Code (as amended) (the
“Code”). After the Separation Date, you shall not represent yourself as being an employee, officer, agent or
representative of the Company for any purpose. The Separation Date shall be the termination date of your employment and your separation
from service for purposes of participation in and coverage under all benefit and pension plans and programs sponsored by or through
the Company Entities, except as otherwise provided herein or in the underlying plan documents. Effective as of the Separation Date
(or earlier if directed by the Company), you agree to resign from all board memberships and any other positions that you hold in
connection with your employment with the Company and to execute any implementing documentation that the Company may reasonably
request in connection with such resignations, including signing and delivering to the Company the “omnibus resignation”
set forth in Exhibit A attached hereto.

 

(b)
Effective as of April 7, 2014, you shall cease to be the CFO of the Company. Thereafter, you
shall remain employed by the Company through the Separation Date in an executive level position and shall perform such duties and
tasks as the Company’s CEO may reasonably delegate to you from time to time.

 

(c)
Through the Separation Date, your base salary shall continue to be paid at the current 2014
level (without any adjustment for 2014).

 

(d)
Through the Separation Date, you shall remain eligible to continue to participate in the Company’s
employee benefits plans and programs that you were participating in immediately prior to the date hereof; provided, however, in
no event shall you be entitled to any further awards of stock options, growth units or restricted units.

 

(e)
The Consulting Agreement attached as Exhibit B hereto (the “Consulting Agreement”)
describes the treatment of certain stock options, restricted stock units and Growth Plan awards under the circumstances outlined
therein and made a part hereof.

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(f)
You will be eligible for a pro-rated bonus for 2014 based on the Company and your individual
performance, as determined by the Management Development and Compensation Committee of the Company’s Board of Directors in
its sole discretion, but with a particular emphasis on your efforts to transition your responsibilities to your CFO-successor.

 

(g)
Effective as of April 7, 2014, you shall no longer have the independent authority to bind
the Company or any of its divisions or business units without the Company’s prior written authorization and you hereby agree
and covenant that you will not enter into any agreements or otherwise bind the Company in any manner without the Company’s
prior written consent.

 

(h)
For purposes of this Agreement, the Company may terminate your employment with Cause upon
the occurrence of any one of the following: (i) your failure (other than as a result of your illness, disability or death) or refusal
to materially perform your duties to the Company as set forth herein; (ii) your gross negligence or willful misconduct (including,
but not limited to, acts of fraud, criminal activity, professional misconduct, dishonesty, or breach of trust or fiduciary duty)
in connection with the performance of your duties and responsibilities to the Company or with regard to the Company or its assets;
(iii) your indictment for, conviction of, or plea of guilty or nolo contendere to, a felony or other crime involving
fraud, dishonesty or moral turpitude; or (iv) your material breach of this Agreement or any other written agreement between you
and the Company, or your material violation of any written policy of the Company, which material breach or violation you have not
cured within thirty (30) days of written notice to you from Company of the specific acts or omissions comprising such material
breach or violation (“Breach Notice”). In such case, you shall be ineligible to receive the Consideration described
in Section 3 below.

 

(i)
In the event you voluntarily resign your employment with the Company prior to the Separation
Date, this Agreement shall terminate and you shall be ineligible to receive the Consideration described in Section 3 below.

 

(j)
In the event (i) you die, or (ii) the Company terminates your employment other than for Cause
(as defined in subparagraph (h) above), prior to the Separation Date, this Agreement shall terminate; provided, however, you or
your estate, as the case may be, shall nevertheless be entitled to the Consideration described in Sections 1(e)-(f) above.

 

		2.	Post
                                                                                                                                      Termination
                                                                                                                                      CONSULTING
                                                                                                                                      agreement.

 

Effective the day after
the Separation Date, and subject to the conditions set forth herein, you agree to enter into the Consulting Agreement and the Company
shall enter into such Consulting Agreement with you. The agreement between you and the Company to enter into the Consulting Agreement
shall be subject to, and contingent upon, the following: (i) the continuation of your employment through the Separation Date or
such earlier date of termination of employment without Cause or with Company consent; and (ii) your continued compliance with the
terms and conditions of this Agreement and any other agreement between you and the Company.

 

		3.	Consideration.

 

The Company has agreed
to enter into this Agreement in reliance on your full and strict compliance with the terms and conditions set forth herein. The
provisions of this Agreement, including the agreement by the Company to continue your employment through the Separation

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Date, the treatment of certain compensation items under Section
1 above, and the agreement to enter into the Consulting Agreement effective as of the Separation Date, constitute additional consideration
above and beyond what you otherwise are entitled to under existing circumstances and your existing agreements with the Company,
and all such additional amounts (collectively, the “Consideration”) constitute value that will be available
to you only in return for your execution and performance under this Agreement (and the exhibits attached hereto). If you choose
not to sign and comply with this Agreement in the form provided to you, you will not be entitled to the full Consideration. Instead,
you will be treated as having voluntarily retired from the Company under all applicable severance plans, employee benefit plans,
stock plans and personnel policies.

 

		4.	GENERAL
                                                                                                                                      Release
                                                                                                                                      of
                                                                                                                                      Claims.

 

(a)
In exchange for entering into this Agreement (including the Exhibits attached hereto) and
the Consideration set forth herein, you do hereby waive and do hereby release, knowingly and willingly, the Company, the Company
Entities, and, with respect to each and all of them, their predecessors, successors and assigns (collectively the “Honeywell
Group”), from any and all claims of any nature whatsoever you have arising out of your employment and/or the termination
of your employment with the Honeywell Group, known or unknown, including but not limited to any claims you may have under federal,
state or local employment, labor, or anti-discrimination laws, statutes and case law and specifically claims arising under the
federal Age Discrimination in Employment Act, the Civil Rights Acts of 1866 and 1964, as amended, the Americans with Disabilities
Act, Executive Order 11246, the Employee Retirement Income Security Act of 1974 (“ERISA”), the Family and Medical
Leave Act, the Rehabilitation Act of 1973, the Fair Labor Standards Act, the Labor-Management Relations Act, the Equal Pay Act
and the Worker Adjustment Retraining and Notification Act, the New Jersey Law Against Discrimination, N.J.S.A. 10:15-1, et seq.,
the New Jersey Conscientious Employee Protection Act, N.J.S.A. 34:19-1 to 19-8, the New Jersey Wage and Hour Act, N.J.S.A. 34-11-56a,
et seq., New Jersey common law and any and all other applicable state, county or local ordinances, statutes or regulations, including
claims for attorneys’ fees; provided, however, that this release does not apply to claims under ERISA Section 502(a)(1)(B)
for benefits under Honeywell Group sponsored benefit plans covered under ERISA (other than claims for
severance and severance related benefits), does not apply to claims arising out of obligations expressly undertaken in this
Agreement, and does not apply to claims arising out of any act or omission occurring after the date you sign this Agreement. All
claims, including contingent claims, for incentive compensation awards under any Honeywell Group plan or payroll practice, along
with any claims under any state wage and hour laws, are specifically subject to this release of claims. Any rights to benefits
(other than severance benefits) under Honeywell Group sponsored benefit plans are governed exclusively
by the written plan documents.

 

By virtue of the
foregoing, you agree that you have waived any damages and other relief available to you (including, without limitation, monetary
damages, equitable relief and reinstatement) with respect to any claim or cause of action released in this Section 4. Therefore,
you agree that you will not accept any award or settlement from any source or proceeding (including, but not limited to, any proceeding
brought by any other person or by any governmental agency) with respect to any claim or right waived in this Agreement.

 

Notwithstanding the
foregoing, nothing in this Agreement shall be construed to prevent you from filing a charge with, or participating in an investigation
conducted by, the Equal Employment Opportunity Commission (“EEOC”); provided, however, you agree and covenant that
should you or any other person, organization, or other entity file, charge,

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claim, or cause or permit to be filed
any charge with the EEOC against the Honeywell Group involving any matter occurring at any time in the past, you will not seek
or accept any personal relief (including, but not limited to, any monetary award, recovery, relief or settlement).

 

You acknowledge and
understand that you have accepted the Consideration referenced in this Agreement in full satisfaction of all claims and obligations
of the Honeywell Group to you regarding any matter or incident up to the date you execute this Agreement (except to the extent
expressly excepted from the terms of this Agreement) and you affirmatively intend to be legally bound thereby.

 

You hereby agree
and acknowledge that you are not entitled to receive any additional payments or benefits from the Honeywell Group related to your
employment or termination of employment other than as expressly provided herein.

 

(b)
Representation. You represent that you have not filed or permitted to be filed against
the Honeywell Group, individually or collectively, any lawsuits and you covenant and agree that you will not do so at any time
hereafter with respect to the subject matter of this Agreement and claims released pursuant to this Agreement (including, without
limitation, any claims relating to, or arising from, the termination of your employment). As of the date you sign this Agreement,
you represent that you have no physical or mental disability resulting from your employment with the Honeywell Group which would
form the basis for a workers’ compensation claim against the Honeywell Group.

 

		5.	TRANSITION.

 

You agree that it is
an essential term and condition of this Agreement that you cooperate fully with the Company prior to and up to the Separation Date
(and thereafter pursuant to the Consulting Agreement) to assist in any and all transition matters associated with your retirement
and replacement as the Company’s CFO.

 

		6.	Confidentiality.

 

You acknowledge and
agree that any agreements signed by you relating to intellectual property and confidential information acquired by you as a result
of your employment with the Company Entities remain in full force and effect and place legal obligations upon you that continue
beyond your employment with the Company Entities. In further exchange for the Consideration you receive under this Agreement, you
agree to abide by the covenants as set forth herein and with respect to any knowledge or information you may have acquired during
your employment with the Company Entities.

 

Nothing in this Agreement
(or any exhibit or attachment thereto) shall be construed to prohibit you from reporting any accounting, internal accounting control,
or auditing matter to any federal regulatory agency, any federal law enforcement agency, or any Member of Congress or any committee
or subcommittee of Congress. Nor shall this Agreement (or any exhibit or attachment thereto) be construed to prohibit you from
engaging in any activity protected by 18 U.S.C. § 1514A.

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You agree that neither
this Agreement nor any version of this Agreement shall be admissible in any forum as evidence against the Company or you except
in a proceeding to enforce this Agreement.

 

		7.	Return
                                                                                                                                      of
                                                                                                                                      Property.

 

As of the Separation
Date (or earlier if requested by the Company), you shall surrender to the Company all files, correspondence, memoranda, notes,
records, manuals or other documents or data pertaining to the Company’s business (including, but not limited to, customer
lists, business plans, technology roadmaps, AOP presentations, STRAPs, etc.) or your employment (including all copies thereof)
however prepared and whether maintained in paper or electronic format. You will also leave with the Company all materials involving
any confidential information of the Company Entities. You also shall surrender all other Company material in your possession (including
any computers, pagers, card keys, PDAs, cellular phones, etc.). All such information and materials, whether or not made or developed
by you, shall be the sole and exclusive property of the Company, and you hereby assign to the Company all of your right, title
and interest in and to any and all of such information and materials. Further, at the Company’s request, you shall represent
in a writing satisfactory to the Company that, as of the Separation Date (or the date of such representation), you have returned
to the Company all property belonging to the Company Entities.

 

		8.	Non-Disparagement.

 

At no time on or after
the date hereof will you make any statement, publicly or privately (including, without limitation, to members of the business press
or equity analysts, but excepting your legal advisors), which would be disparaging (as defined below) to the Company Entities,
businesses, strategies, prospects, condition, or reputation or that of directors, employees, officers or members; provided,
however, that nothing contained in any provision of this Agreement shall preclude you from making any statement in good faith
which is required by any applicable law or regulation or the order of a court or other governmental body. For purposes of this
Agreement, the term “disparaging” shall mean any statement or representation (whether oral or written and whether true
or untrue) which, directly or by implication, tends to create a negative, adverse or derogatory impression about the subject of
the statement or representation or which is intended to harm the reputation of the subject of the statement or representation.
For the avoidance of doubt, you agree that you will not write or contribute to a book, article or other media publication, whether
in written or electronic format, that is in any way descriptive of the Company Entities or your career with the Company without
submitting a draft thereof, at least thirty (30) days in advance, to the Company’s Senior Vice President and General Counsel,
whose judgment about whether such book, article or other media publication is disparaging shall be determinative.

 

At no time on or after
the date hereof will the Company (by any of its officers, directors or other senior managers or persons with knowledge of this
Agreement) make any statement, publicly or privately, which would be disparaging to you; provided, however, that nothing
contained in any provision of this Agreement shall preclude the Company from making any statement in good faith that is required
by any applicable law or regulation or the order of a court or other governmental body.

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		9.	Material
                                                                                                                                      Breach.

 

(a)
Any breach by you of the provisions of Sections 6, 7 and 8 above shall be considered a material
breach (“Material Breach”) of this Agreement. In the event that you have committed a Material Breach, you consent
to the entry by the Company Entities of injunctive relief against you, provided that any injunctive relief shall be in addition
to the Company Entities’ right to pursue any and all of their remedies under the law. You further agree that the Company
Entities may obtain injunctive relief without the posting of a bond.

 

(b)
You understand that your Material Breach shall excuse the Company from performing further
under this Agreement (and the Consulting Agreement), and the Company shall be entitled to repayment of the Consideration provided
hereunder or thereunder upon demand as expressly provided herein.

 

(c)
In the event of a Material Breach, where possible, the time periods set forth in the relevant
provisions hereof shall be extended for the period of time you remain in violation of such provisions. Furthermore, you also agree
to indemnify and hold the Company harmless from any and all losses suffered by the Company as a result of any violation or threatened
violation of any of your representations, warranties, covenants or undertakings set forth in this Agreement, and you agree to pay
the Company’s reasonable attorneys’ fees and other expenses incurred to enforce this Agreement.

 

(d) Any material breach
by the Company of any of its obligations under this Agreement, which material breach the Company has not cured within thirty (30)
days of written notice to the Company of the specific acts or omissions comprising such material breach shall enable you to seek
any and all remedies at law or in equity.

 

		10.	Binding
                                                                                                                                       Effect.

 

This Agreement is binding
upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns.

 

		11.	Governing
                                                                                                                                       Law
                                                                                                                                       and
                                                                                                                                       CERTAIN
                                                                                                                                       INCIDENTS
                                                                                                                                       OF
                                                                                                                                       Enforcement.

 

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

 

		12.	Time
                                                                                                                                       to
                                                                                                                                       Consider
                                                                                                                                       Agreement
                                                                                                                                       and
                                                                                                                                       Effective
                                                                                                                                       Date.

 

You have twenty-one
(21) days from the date of this Agreement (as indicated on the first page hereof) to review and consider this Agreement and to
the extent that you have elected to execute and deliver this Agreement sooner you acknowledge that you have done so voluntarily
and knowingly. You may accept this Agreement by signing it prior to the expiration of the twenty-one (21) day review period and
returning an executed original to Kevin M. Covert, Honeywell International Inc, 101 Columbia Road, Morristown, New Jersey 07962.
You have seven (7) days after signing this Agreement to revoke your decision by indicating your desire to do so in a written revocation
notice delivered to Kevin M. Covert prior to the expiration of such revocation period.

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This Agreement shall be fully effective
and binding upon all parties hereto immediately following the expiration of the revocation period, so long as you have not revoked
this Agreement during such time.

 

		13.	Acknowledgments.

 

You acknowledge that
you: (a) have carefully read this Agreement in its entirety; (b) are hereby advised by the Company, in this writing, to consult
with an attorney of your choice before signing this Agreement; (c) fully understand the significance of all of the terms and conditions
of this Agreement and have discussed them with an attorney of your choice, or have had a reasonable opportunity to do so; and (d)
are signing this Agreement voluntarily and of your own free will and agree to abide by all the terms and conditions contained herein.

 

		14.	409A
                                                                                                                                       Considerations.

 

It is intended that
this Agreement be administered in compliance with Section 409A of the Code, including, but not limited to, any future amendments
to Code Section 409A, and any other Internal Revenue Service (“IRS”) or other governmental rulings or interpretations
issued pursuant to Section 409A (together, “Section 409A”) so as not to subject you to payment of interest or
any additional tax under Section 409A. The parties intend for any payments under this Agreement either to satisfy the requirements
of Section 409A or to be exempt from the application of Section 409A, and this Agreement shall be construed and interpreted accordingly.
In furtherance thereof, if payment or provision of any amount or benefit hereunder that is subject to Section 409A at the time
specified herein would subject such amount or benefit to any additional tax under Section 409A, the payment or provision of such
amount or benefit shall be postponed to the earliest commencement date on which the payment or provision of such amount or benefit
can be made without incurring such additional tax. In addition, to the extent that Section 409A or any IRS guidance issued under
Section 409A would result in you being subject to the payment of interest or any additional tax under Section 409A, the parties
agree, to the extent reasonably possible, to amend this Agreement to avoid the imposition of any such interest or additional tax
under Section 409A, which amendment shall minimize any negative economic effect on you and be reasonably determined in good faith
by the Company and you. As a “specified employee” as defined in Section 409A, any amounts payable under this Agreement
that would be subject to the special rule regarding payments to “specified employees” under Section 409A(a)(2)(B) of
the Code shall not be paid before the expiration of a period of six (6) months following the date of the termination of your employment.
In such case, you shall receive all such deferred amounts retroactively in a single sum and the balance thereof as otherwise provided.
In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on you by
Code Section 409A or any damages for failing to comply with Section 409A; provided that, in the event that any excise tax or interest
amount (“409A Amount”) is imposed on you as a result of any negligent act or omission by the Company, the Company shall
reimburse you for any such 409A Amount, grossed-up for taxes at an assumed total tax rate of forty percent (40%).

 

		15.	Headings
                                                                                                                                       and
                                                                                                                                       Captions.

 

The headings and captions
in this Agreement are provided for reference and convenience only. They shall not be considered part of the Agreement and shall
not be employed in the construction of the Agreement.

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		16.	NOTICES.

 

All notices provided
under this Agreement shall be sent by commercial overnight courier, signature required, or by certified mail, signature required,
as follows:

 

To the Company:

 

Kevin M. Covert, Esquire

Vice President and Deputy General Counsel

Human Resources

Honeywell International Inc.

101 Columbia Road

Morristown, New Jersey 07962 USA

 

To the Executive:

 

David J. Anderson

 

With a Copy to:

 

Todd Garvelink, Esquire

Morrison Cohen LLP

909 Third Avenue

New York, NY 10022-4784

tgarvelink@morrisoncohen.com

 

		17.	COUNTERPARTS.

 

This Agreement may be
executed in any number of original or facsimile counterparts, each of which shall be deemed an original, but all of which when
taken together shall constitute one and the same instrument.

 

		18.	Severability
                                                                                                                                       and
                                                                                                                                       Interpretation.

 

If any provision of
this Agreement is held by a court of competent jurisdiction to be illegal, void or unenforceable, such provision shall have no
effect; however, the remaining provisions shall be enforced to the maximum extent possible. Further, if a court should determine
that any portion of this Agreement is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible
by narrowing or enforcing in part that aspect of the provision found overbroad or unreasonable. Should any provision of this Agreement
require interpretation or construction, it is agreed by the parties that the entity interpreting or constructing this Agreement
shall not apply a presumption against one party by reason of the rule of construction that a document is to be construed more strictly
against the party who prepared the document.

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IN WITNESS WHEREOF, the parties hereto
have approved and executed this Agreement as of the dates set forth below:

 

	/s/
    David J. Anderson	Date: April 7, 2014
	DAVID J. ANDERSON	 

 

HONEYWELL INTERNATIONAL INC.

 

	By:	/s/ Mark R. James	 	Date:  April 7, 2014
	 	MARK R. JAMES	 	 
	 	Senior Vice President 	 	 
	 	Human Resources, Communications and Procurement

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EXHIBIT A

 

Omnibus Resignation Letter

 

Kevin M. Covert, Esquire

Vice President and Deputy General Counsel

Honeywell International Inc.

101 Columbia Road

Morristown, New Jersey 07962

 

May 31, 2014

 

Ladies and Gentlemen:

 

Effective as of the
close of business on May 31, 2014 (the “Separation Date”), I hereby resign my employment with Honeywell International
Inc. and all of its affiliates and subsidiaries (the “Company”). In addition, I hereby resign from any and all
other capacities, offices and positions with the Company effective as of the Separation Date.

 

	 	Sincerely,
	 	 
	 	David J. Anderson

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EXHIBIT B

 

Consulting Agreement

 

[attached]

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