{"id":38549,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/board-of-directors-deferred-stock-unit-plan-united-technologies2.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"board-of-directors-deferred-stock-unit-plan-united-technologies2","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/board-of-directors-deferred-stock-unit-plan-united-technologies2.html","title":{"rendered":"Board of Directors Deferred Stock Unit Plan &#8211; United Technologies Corp."},"content":{"rendered":"<pre>\n                 UNITED TECHNOLOGIES CORPORATION\n\n                       BOARD OF DIRECTORS\n\n                    DEFERRED STOCK UNIT PLAN\n\n\n                    Effective January 1, 1996\n\n\n                 UNITED TECHNOLOGIES CORPORATION\n                    DEFERRED STOCK UNIT PLAN\n\n                        Table of Contents\n\n                                                           Page\nARTICLE I INTRODUCTION\n           1.01 Purpose of Plan                             1\n           1.02 Effective Date of Plan                      1\n\nARTICLE II DEFINITIONS                                      2\n\nARTICLE III CREDITS\n           3.01 Transition Credits                          4\n           3.02 Automatic Credits                           4\n           3.03 Elective Credits                            4\n\nARTICLE IV ACCOUNTS AND INVESTMENTS\n           4.01 Accounts                                    6\n           4.02 Stock Units                                 6\n           4.03 Hypothetical Nature of Accounts and         8\n                Investments\n\nARTICLE V PAYMENTS\n           5.01 Entitlement to Payment                      9\n           5.02 Payment Commencement Date                   9\n           5.03 Form and Amount of Payment                  9\n\nARTICLE VI ADMINISTRATION\n           6.01 In General                                 11\n           6.02 Plan Amendment and Termination             11     \n           6.03 Reports to Participants                    12\n           6.04 Delegation of Authority                    12\n\nARTICLE VII MISCELLANEOUS\n\n           7.01 Rights Not Assignable                      13\n           7.02 Certain Rights Reserved                    13\n           7.03 Withholding Taxes                          14\n           7.04 Incompetence                               14\n           7.05 Inability to Locate Participants           14\n                and Beneficiaries\n           7.06 Successors                                 15\n           7.07 Usage                                      15\n           7.08 Severability                               15\n           7.09 Governing Law                              16\n\n\n                              ARTICLE I\n                             INTRODUCTION\n\n1.01 Purpose of Plan\n\n     The purpose of the Plan is to enhance the Company's ability to attract and\n\nretain nonemployee members of the Board whose training, experience and ability\n\nwill promote the interests of the Company and to directly align the interests of\n\nsuch nonemployee Directors with the interests of the Company's shareowners by\n\nproviding compensation based on the value of UTC Common Stock.   The Plan is\n\ndesigned to permit such nonemployee directors to defer the receipt of all or a\n\nportion of the cash compensation otherwise payable to them for services to the\n\nCompany as members of the Board.\n\n\n1.02 Effective Date of Plan\n\n     Except as otherwise provided by Section 3.01, the Plan shall apply only to\n\na Participant's annual Director's retainer Fees with respect to service on and\n\nafter January 1, 1996.\n\n\n                           ARTICLE II\n\n                           DEFINITIONS\n\n\n     Unless the context clearly indicates otherwise, the following terms, when\n\nused in capitalized form in the Plan, shall have the meanings set forth below:\n     \n     Account shall mean a bookkeeping account established for a Participant\n\nunder Section 4.01.\n\n     Article shall mean an article of the Plan.\n\n     Beneficiary shall mean a Participant's beneficiary, designated in writing\n\nand in a form and manner satisfactory to the Committee, or if a Participant\n\nfails to designate a beneficiary, or if the Participant's designated Beneficiary\n\npredeceases the Participant, the Participant's estate.\n\n     Board shall mean the Board of Directors of the Company.\n\n     Closing Price shall mean, with respect to any date specified by the Plan,\n\nthe closing price of UTC Common Stock on the composite tape of New York Stock\n\nExchange issues (or if there was no reported sale of UTC Common Stock on such\n\ndate, on the next preceding day on which there was such a reported sale).\n\n     Committee shall mean the Nominating Committee of the Board.\n\n     Company shall mean United Technologies Corporation.\n\n\n     Director's Fees shall mean the annual retainer fee payable to a Participant\n\nfor services to the Company as a member of the Board.  Director's Fees do not\n\ninclude special meeting fees.\n\n     Participant shall mean each member of the Board (other than a member of the\n\nBoard who is also an employee of the Company or a subsidiary thereof) who is or\n\nbecomes a member of the Board on or after January 1, 1996.\n\n     Payment Anniversary Date shall mean an anniversary of the Payment\n\nCommencement Date.\n\n     Payment Commencement Date shall mean the first business day of the first\n\nmonth following the month in which the Participant terminates service as a\n\nmember of the Board.\n\n     Plan shall mean this United Technologies Corporation Board of Directors\n\nDeferred Stock Unit Plan, as set forth herein and as amended from time to time.\n\n     Plan Year shall mean the calendar year.\n\n     Section shall mean a section of the Plan.\n\n     Stock Unit shall mean a hypothetical share of UTC Common Stock as described\n\nin Section 4.02.\n\n     UTC Common Stock shall mean the common stock of the Company.\n\n\n                           ARTICLE III\n\n                             CREDITS\n\n3.01 Transition Credits\n\n     As soon as practicable on or after January 1, 1996, the Company shall\n\ncredit to the Account of each Participant a number of Stock Units determined in\n\naccordance with the schedules set forth in Appendix I and Appendix II to the\n\nPlan.  The credits set forth in Appendix I shall be provided in lieu of any\n\nbenefits to which the Participant otherwise would have been entitled under the\n\nUnited Technologies Corporation Directors Retirement Plan as of its termination\n\non December 31, 1995.   The credits set forth in Appendix II shall be provided\n\nin lieu of any benefits to which the Participant otherwise would be entitled\n\nunder certain deferred compensation arrangements entered into prior to January\n\n1, 1996.   The number of units set forth in Appendix II shall equal the number\n\nof tax deferred stock units (if any) credited to the Participant under any such\n\nprior deferred compensation arrangement, determined as of December 31, 1995.\n\n3.02 Automatic Credits\n\n     As of the beginning of each Plan Year, the Company shall credit Stock Units\n\nto each Participant's Account equal in value to 60% of the Participant's\n\nDirector's Fees for the Plan Year, as determined in accordance with Section\n\n4.02(a)(1).\n\n3.03 Elective Credits\n\n     A Participant may elect, with respect to each Plan Year, to defer the\n\nentire portion (but not a partial portion) of the 40% of the Participant's\n\n\nDirector's Fees that are not automatically deferred in accordance with Section\n\n3.02 and that otherwise would be paid to the Participant in cash.  If the\n\nParticipant makes such an election, the Company shall credit Stock Units to the\n\nParticipant's Account equal in value to 40% of the Participant's Director's Fees\n\nfor the Plan Year, as determined in accordance with Section 4.02(a)(1), as of\n\nthe beginning of the Plan Year with respect to which the election is made (or,\n\nif later, as of the first day in the Plan Year on which the individual becomes a\n\nParticipant).   An election under this Section 3.03 shall be made in a form and\n\nmanner satisfactory to the Committee and shall be effective for a Plan Year only\n\nif made before the beginning of the Plan Year; provided that an individual who\n\nbecomes a Participant after the first day of a Plan Year may make the election\n\nfor that Plan Year within 30 days of becoming a Participant.\n\n\n                           ARTICLE IV\n\n                    ACCOUNTS AND INVESTMENTS\n\n4.01 Accounts\n\n      A separate Account under the Plan shall be established for each\n\nParticipant.  Such Account shall be (a) credited with the amounts credited in\n\naccordance with Article Ill, (b) credited (or charged, as the case may be) with\n\nthe investment results determined in accordance with Section 4.02, and (c)\n\ncharged with the amounts paid by the Plan to or on behalf of the Participant in\n\naccordance with Article V.  Within each Participant's Account, separate\n\nsubaccounts shall be maintained to the extent the Committee determines them to\n\nbe necessary or useful in the administration of the Plan.\n\n4.02 Stock Units\n\n      (a)    Deemed Investment in UTC Common Stock.   Except as provided in\n\nsubsection  (b), below, a Participant's Account shall be treated as if it were\n\ninvested in Stock Units that are equivalent in value to the fair market value of\n\nshares of UTC Common Stock in accordance with the following rules:\n\n      (1)     Conversion into Stock Units.           Any Director's Fees\n\n     credited to a Participant's Account for a Plan Year under Section 3.02 or\n\n     3.03 shall be converted into Stock Units (including fractional Stock Units)\n\n     by dividing the amount credited by the Closing Price on the first business\n\n     day of the Plan Year; provided that in the case of an individual who\n\n     becomes a Participant after the first day of a Plan Year, the Closing \n\n     Price\n\n\n     shall be determined as of the day on which the individual becomes a\n\n     Participant.\n\n     (2)     Deemed Reinvestment Of Dividends.    The number of Stock Units\n\n     credited to a Participant's Account shall be increased on each date on\n\n     which a dividend is paid on UTC Common Stock.   The number of additional\n\n     Stock Units credited to a Participant's Account as a result of such\n\n     increase shall be determined by (i) multiplying the total number of Stock\n\n     Units (excluding fractional Stock Units) credited to the Participant's\n\n     Account immediately before such increase by the amount of the dividend paid\n\n     per share of UTC Common Stock on the dividend payment date, and (ii)\n\n     dividing the product so determined by the Closing Price on the dividend\n\n     payment date.\n\n      (3)     Conversion Out of Stock Units.      The dollar value of the Stock\n\n     Units credited to a Participant's Account on any date shall be determined\n\n     by multiplying the number of Stock Units (including fractional Stock Units)\n\n     credited to the Participant's Account by the Closing Price on that date.\n\n      (4)     Effect of Recapitalization.    In the event of a transaction or\n\n     event described in this paragraph (4), the number of Stock Units credited\n\n     to a Participant's Account shall be adjusted in such manner as the\n\n     Committee, in its sole discretion, deems equitable.   A transaction or\n\n     event is described in this paragraph (4) if (i) it is a dividend (other\n\n     than regular quarterly dividends) or other distribution (whether in the\n\n     form of cash, shares, other securities, or other  property), extraordinary\n\n     cash dividend, recapitalization, stock split, reverse stock split\n\n     reorganization, merger, consolidation, split-up, spin-off, repurchase, or\n\n     exchange of shares or other securities, the issuance or exercisability of\n\n\n     stock purchase rights, the issuance of warrants or other rights to purchase\n\n     shares or other securities, or other similar corporate transaction or event\n\n     and (ii) the Committee determines that such transaction or event affects\n\n     the shares of UTC Common Stock, such that an adjustment pursuant to this\n\n     paragraph (4) is appropriate to prevent dilution or enlargement of the\n\n     benefits or potential benefits intended to be made available under the\n\n     Plan.\n\n                (b)     Change in Deemed Investment Election.    A Participant\n\nwho elects to receive distribution of his or her Accounts in annual installments\n\nwill continue to have such Account credited with Stock Units during the\n\ninstallment period unless the Participant irrevocably elects to have his or her\n\nAccount treated, as of the Payment Commencement Date, as if the Account were\n\ninvested in cash.   If a Participant makes such election, the Account will be\n\ncredited with a rate of interest equal to the average interest rate on 10-Year\n\nTreasury Bonds as of the January through October Period in the calendar year\n\nprior to the Plan Year in which the interest is credited, plus 1%.   An election\n\nunder this subsection (b) shall be made in a form and manner satisfactory to the\n\nCommittee and shall be effective only if made before the Payment Commencement\n\nDate.\n\n4.03   Hypothetical Nature of Accounts and Investments\n\n     Each Account established under this Article IV shall be maintained for\n\nbookkeeping purposes only.   Neither the Plan nor any of the Accounts\n\nestablished under the Plan shall hold any actual funds or assets.  The Stock\n\nUnits established hereunder shall be used solely to determine the amounts to be\n\npaid hereunder, shall not be or represent an equity security of the Company,\n\nshall not be convertible into or otherwise entitle a Participant to acquire an\n\n\nequity security of the Company and shall not carry any voting or dividend\n\nrights.\n\n\n                            ARTICLE V\n\n                            PAYMENTS\n\n5.01    Entitlement to Payment\n\n     Credits to a Participant's Account under Section 3.02 or 3.03 shall be in\n\nlieu of payment to the Participant of the related Director's Fees.  Any payment\n\nunder the Plan with respect to an Account shall be made solely in cash and as\n\nfurther provided in this Article V.  The right of any person to receive one or\n\nmore payments under the Plan shall be an unsecured claim against the general\n\nassets of the Company.\n\n5.02 Payment Commencement Date\n\n     Payments to a Participant with respect to the Participant's Account shall\n\nbegin as of the Participant's Payment Commencement Date; provided that if a\n\nParticipant dies before the Participant's Payment Commencement Date, payment of\n\nthe entire value of the Participant's Account shall be made in a lump sum to the\n\nParticipant's Beneficiary as soon as practicable after the Committee receives\n\nall documents and other information that it requests in connection with the\n\npayment.\n\n5.03 Form and Amount of Payment\n\n     (a) Fifteen Annual Installments.  A Participant shall receive his or her\n\nbenefits in 15 annual installments unless the Participant elects to receive his\n\nor her benefits under the Plan in the form of a lump-sum payment or in less \n\nthan\n\n\n15 annual installments in accordance with subsection (b), below.  Annual\n\ninstallments shall be payable to the Participant in cash beginning as of the\n\nPayment Commencement Date and continuing as of each Payment Anniversary Date\n\nthereafter until all installments have been paid. The first annual installment\n\nshall equal one- fifteenth (1\/15th) of the value of the Stock Units credited to\n\nthe Participant's Account, determined as of the Payment Commencement Date.  Each\n\nsuccessive annual installment shall equal the value of the Stock Units credited\n\nto the Participant's Account, determined as of the Payment Anniversary Date,\n\nmultiplied by a fraction, the numerator of which is one, and the denominator of\n\nwhich is the excess of 15 over the number of installment payments previously\n\nmade (i.e., 1\/14th, 1\/13th, etc.).  If the Participant dies after the\n\nParticipant's Payment Commencement Date but before all 15 installments have been\n\npaid, the remaining installments shall be paid to the Participant's Beneficiary\n\nin accordance with the schedule in this subsection (a).\n\n     (b) Lump Sum, or Less Than 15 Annual Installments.     A Participant may\n\nelect to receive his or her benefits under the Plan in the form of a lump-sum\n\npayment or in two to fourteen installments in lieu of the fifteen installment\n\npayments determined under subsection (a), above.  The lump sum shall be payable\n\nto the Participant in cash as of the Payment Commencement Date and shall equal\n\nthe value of the Stock Units credited to the Participant's Account, determined\n\nas of the Payment Commencement Date.  Installments shall be paid in the manner\n\nset forth in subsection (a) above, except that for purposes of determining the\n\namount of the first annual installment, the denominator of the fraction shall\n\nequal the number of scheduled annual installments.  An election under this\n\nsubsection (b) shall be made in a form and manner satisfactory to the Committee\n\nand shall be effective only if made at least two years before the Participant's\n\nPayment Commencement Date.\n\n\n                                  ARTICLE VI\n\n                                ADMINISTRATION\n\n\n6.01 In General\n\n     The Committee shall have the discretionary authority to interpret the Plan\n\nand to decide any and all matters arising under the Plan, including without\n\nlimitation the right to determine eligibility for participation, benefits, and\n\nother rights under the Plan; the right to determine whether any election or\n\nnotice requirement or other administrative procedure under the Plan has been\n\nadequately observed; the right to determine the proper recipient of any\n\ndistribution under the Plan; the right to remedy possible ambiguities,\n\ninconsistencies, or omissions by general rule or particular decision; and the\n\nright otherwise to interpret the Plan in accordance with its terms.  Except as\n\notherwise provided in Section 6.03, the Committee's determination on any and all\n\nquestions arising out of the interpretation or administration of the Plan shall\n\nbe final, conclusive, and binding on all parties.\n\n6.02    Plan Amendment and Termination\n\n     The Committee may amend, suspend, or terminate the Plan at any time;\n\nprovided that no amendment, suspension, or termination of the Plan shall,\n\nwithout a Participant's consent, reduce the Participant's benefits accrued under\n\nthe Plan before the date of  such amendment, suspension, or termination.  If the\n\nPlan is terminated in accordance with this Section 6.02, the terms of the Plan\n\nas in effect immediately before termination shall determine the right to payment\n\nin respect of any amounts that remain credited to a Participant's or\n\nBeneficiary's Account upon termination.\n\n\n6.03    Reports to Participants\n\n     The Committee shall furnish an annual statement to each Participant (or\n\nBeneficiary) reporting the value of the Participant's (or Beneficiary's) Account\n\nas of the end of the most recent Plan Year.\n\n6.04 Delegation of Authority\n\n     The Committee may delegate to officers of the Company any and all authority\n\nwith which it is vested under the Plan, and the Committee may allocate its\n\nresponsibilities under the Plan among its member.\n\n\n                           ARTICLE VII\n\n                          MISCELLANEOUS\n\n7.01 Rights Not Assignable\n     \n     No payment due under the Plan shall be subject in any manner to\n\nanticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or\n\ncharge in any other way.  Any attempt to anticipate, alienate, sell, transfer,\n\nassign, pledge, encumber, or charge such payment in any other way shall be void.\n\nNo such payment or interest therein shall be liable for or subject to the debts,\n\ncontracts, liabilities, or torts of any Participant or Beneficiary.  If any\n\nParticipant or Beneficiary becomes bankrupt or attempts to anticipate, alienate,\n\nsell, transfer, assign, pledge, encumber, or charge in any other way any payment\n\nunder the Plan, the Committee may direct that such payment be suspended and that\n\nall future payments to which such Participant or  Beneficiary otherwise would be\n\nentitled be held and applied for the benefit of such person, the person's\n\nchildren or other dependents, or any of them, in such manner and in such\n\nproportions as the Committee may deem proper.\n\n7.02 Certain Rights Reserved\n\n     Nothing in the Plan shall confer upon any person the right to continue to\n\nserve as a member of the Board or to participate in the Plan other than in\n\naccordance with its terms.\n\n7.03 Withholding Taxes\n\n     The Committee may make any appropriate arrangements to deduct from all\n\ncredits and payments under the Plan any taxes that the Committee reasonably\n\ndetermines to be required by law to be withheld from such credits and payments.\n\n7.04 Incompetence\n\n     If the Committee determines, upon evidence satisfactory to the Committee,\n\nthat any Participant or Beneficiary to whom a benefit is payable under the Plan\n\nis unable to care for his or her affairs because of illness or accident or\n\notherwise, any payment due under the Plan (unless prior claim therefor shall\n\nhave been made by a duly authorized guardian or other legal representative) may\n\nbe paid, upon appropriate indemnification of the Committee and the Company, to\n\nthe spouse of the Participant or Beneficiary or other person deemed by the\n\nCommittee to have incurred expenses for the benefit of and on behalf of such\n\nParticipant or Beneficiary.  Any such payment shall be a complete discharge of\n\nany liability under the Plan with respect to the amount so paid.\n\n7.05    Inability to Locate Participants and Beneficiaries\n\n     Each Participant and Beneficiary entitled to receive a payment under the\n\nPlan shall keep the Committee advised of his or her current address.  If the\n\nCommittee is unable for a period of 36 months to locate a Participant or\n\nBeneficiary to whom a payment is due under the Plan, commencing with the first\n\nday of the month as of which such payment first comes due, the total amount\n\npayable to such Participant or Beneficiary shall be forfeited.  Should such a\n\nParticipant or Beneficiary subsequently contact the Committee requesting\n\npayment, the Committee shall, upon receipt of all documents and other\n\ninformation that it might request in connection with the payment, restore and\n\npay the forfeited payment in a lump sum, the value of which shall not be\n\n\nadjusted to reflect any interest or other type of investment earnings or gains\n\nfor the period of forfeiture.\n\n7.06    Successors\n\n     The provisions of the Plan shall bind and inure to the benefit of the\n\nCompany and its successors and assigns.  The term 'successors' as used in the\n\npreceding sentence shall include any corporation or other business entity that\n\nby merger, consolidation, purchase, or otherwise acquires all or substantially\n\nall of the business and assets of the Company, and any successors and assigns of\n\nany such corporation or other business entity.\n\n7.07 Usage\n\n     (a)     Titles and Headings.  The titles to Articles and the headings of\n\nSections, subsections, and paragraphs in the Plan are placed herein for\n\nconvenience of reference only and shall be of no force or effect in the\n\ninterpretation of the Plan\n\n     (b)    Number.  The singular form shall include the plural, where\n\nappropriate.\n\n7.08    Severability\n\n     If any provision of the Plan is held unlawful or otherwise invalid or\n\nunenforceable in whole or in part, such unlawfulness, invalidity, or\n\nunenforceability shall not affect any other provision of the Plan or part\n\nthereof, each of which shall remain in full force and effect.  If the making of\n\nany payment or the provision of any other benefit required under the Plan is\n\nheld unlawful or otherwise invalid or unenforceable, such unlawfulness,\n\n\ninvalidity or unenforceability shall not prevent any other payment or benefit\n\nfrom being made or provided under the Plan, and if the making of any payment in\n\nfull or the provision of any other benefit required under the Plan in full would\n\nbe unlawful or otherwise invalid or unenforceable, then such unlawfulness,\n\ninvalidity, or unenforceability shall not prevent such payment or benefit from\n\nbeing made or provided in part, to the extent that it would not be unlawful,\n\ninvalid, or unenforceable, and the maximum payment or benefit that would not be\n\nunlawful, invalid, or unenforceable shall be made or provided under the Plan.\n\n7.09 Governing Law\n\n     The Plan and all determinations made and actions taken under the Plan shall\n\nbe governed by and construed in accordance with the laws of the State of\n\nConnecticut.\n\n\n                                 UNITED TECHNOLOGIES CORPORATION\n\n\n                                 by  __________________________\n\n\n\nAttest:\n\n____________________________\n\n\n\nDate:\n\n____________________________\n\n\n\n\n\n                   UTC BOARD OF DIRECTORS STOCK UNIT PLAN - APPENDIX I\n\n                        PENSION BENEFIT CONVERSION TO STOCK UNITS\n\n\n\n                       EFFECTIVE DATE  PRESENT VALUE        NUMBER OF STOCK\n                       OF ELECTION     OF ACCRUED           UNITS (1) AT \nDIRECTOR               AS DIRECTOR     BENEFIT AS OF        12\/31\/95\n                                       12\/31\/95             CONVERSION (2)\n                                               \n                                                       \nBAKER                  1\/29\/90         $137,735              1821.2\nCHAYES                 2\/2\/81          $229,544              3035.2\nDEE                    2\/2\/81          $229,544              3035.2\nDUNCAN                 3\/23\/81         $229,544              3035.2\nGYLLENHAMMAR           3\/23\/81         $229,544              3035.2\nHINES                  12\/18\/89        $137,735              1821.2\nLEE                    1\/31\/94         $34,963                462.3\nMALOTT                 10\/20\/80        $229,544              3035.2\nWAGNER                 7\/1\/94          $37,586                497.0\nWEXLER                 10\/16\/78        $229,544              3035.2\n\n\n\n   (1) Stock Units payable in Cash only\n\n   (2) Number of Stock Units equals PV of accrued benefit divided by UTC daily average\n       Closing Stock Price from 1\/1\/95 through 10\/31\/95.\n\n\n\n\n\n\n\n\n              UTC BOARD OF DIRECTORS DEFERRED STOCK UNIT PLAN - APPENDIX II\n\n          TRANSITION CREDITS: TAX DEFERRED STOCK UNITS AS OF JANUARY 1, 1996 (1)\n\n\n\nSTOCK UNITS ATTRIBUTABLE TO COMPENSATION DEFERRED IN 1994 &amp; 1995\n\n\n                             NUMBER OF TAX DEFERRED\n          DIRECTOR           STOCK UNITS (2)\n                          \n          BAKER              509.0\n          DEE                509.0\n          DUNCAN             509.0\n          GYLLENHAMMAR       509.0\n          LEE                244.8\n          MALOTT             264.3\n\n\n\n\n(1)  To be credited to the Director's Account in accordance with Plan Section 3.01,\n     effective January 1, 1996.\n\n(2)  Units to be distributed in Cash or Common Stock, at the election of the Director\n     All deemed reinvestment of dividends attributable to these Units after January 1, \n     to be reinvested in Stock Units as defined in Section 4.02 of the Plan and payable\n     solely in Cash.\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9177],"corporate_contracts_industries":[9473],"corporate_contracts_types":[9539,9543],"class_list":["post-38549","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-united-technologies-corp","corporate_contracts_industries-aerospace__aircraft","corporate_contracts_types-compensation","corporate_contracts_types-compensation__dsp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38549"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38549"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38549"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}