EX-10.6 5 dex106.htm UNITED TECHNOLOGIES CORPORATION LONG TERM INCENTIVE PLAN, AS AMENDED United Technologies Corporation Long Term Incentive Plan, as amended

 

Exhibit 10.6

 

UNITED TECHNOLOGIES CORPORATION

LONG TERM INCENTIVE PLAN

 

AMENDMENT

 

Whereas, the United Technologies Corporation Long Term Incentive Plan (the “Plan”) was adopted by the Corporation and approved by shareowners on April 24, 1989 and subsequently amended and approved again by shareowners on April 25, 1995; and

 

Whereas, the New York Stock Exchange has amended its listing standards relative to shareholder approval requirements of equity compensation arrangements to require, among other things, that the Plan have a ten-year term limit effective from the date of the most recent shareholder approval;

 

Now therefore, the Plan is hereby amended, effective as follows:

 

1. Section 8 of the Plan is amended by adding the following sentence at the end thereof:

 

The Plan shall in no event continue beyond April 24, 2005 unless extended by a majority vote of the Corporation’s shareowners.

 

UNITED TECHNOLOGIES CORPORATION
     
   

William L. Bucknall, Jr.

Sr. Vice President Human Resources

and Organization

 

Attest:
  

Richard M. Kaplan

Date: January 28, 2004