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Exhibit 10.4
AMENDMENT
TO THE
HONEYWELL INTERNATIONAL INC.
SEVERANCE PLAN
FOR SENIOR
EXECUTIVES
Pursuant to the authority granted to
proper officers of Honeywell International Inc. (the
“Company”) by the Board of Directors of the Company on
September 26, 2008, effective September 26, 2008, the Honeywell
International Inc. Severance Plan for Senior Executives (the
“Plan”) shall be amended in the following
particulars:
1.
By replacing the definition of
“Gross Cause” in Part I of the Plan in its entirety
with the following definition effective immediately:
“‘Gross Cause’
means any of the following: (i) clear and convincing evidence of a
significant violation of the Company’s Code of Business
Conduct; (ii) the misappropriation, embezzlement or willful
destruction of Company property of significant value; (iii)(A) the
willful failure to perform, (B) gross negligence in the performance
of, or (C) intentional misconduct in the performance of,
significant duties that results in material harm to the business of
the Company; (iv) the conviction (treating a nolo contendere plea
as a conviction) of a felony (whether or not any right to appeal
has been or may be exercised); or (v) clear and convincing evidence
of the willful falsification of any financial records of the
Company that are used in compiling the Company’s financial
statements or related disclosur
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