UNITED TECHNOLOGIES CORPORATION
LTIP PERFORMANCE SHARE UNIT DEFERRAL PLAN
The United Technologies Corporation LTIP Performance Share Unit Deferral Plan (the “Plan” ) was adopted pursuant to
Section 13(f) of the United Technologies Corporation 2005 Long Term Incentive Plan (the “LTIP” ) approved by the
shareholders in April 2005. The purpose of this Plan is to provide eligible Participants with the opportunity to defer receipt of
shares of Common Stock in respect of Performance Share Units (“PSUs”) awarded under the LTIP. In addition to the terms and
conditions set forth below, the Plan is subject to the provisions of the LTIP, which are incorporated herein by this reference.
This Plan incorporates the requirements of Section 409A of the Internal Revenue Code. From January 1, 2007 through
December 31, 2008, the Plan has been operated in good faith compliance with Section 409A in accordance with guidance
provided by the Internal Revenue Service.
Except as defined in this Article II, terms used in this Plan have the definitions of the terms as set forth in Section 2 of the
a) Beneficiary means the person, persons or entity designated on an electronic or written form by the Participant to receive
the value of his or her Plan Account in the event of the Participant’s death. If the Participant fails to designate a Beneficiary, or
the Beneficiary (and any contingent Beneficiary) does not survive the Participant, the value of the Participant’s Plan Account
will be paid to the estate of the Participant.
b) Code means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. References to
any section of the Internal Revenue Code shall include any final regulations or other published guidance interpreting that
c) Committee means the Committee on Compensation and Executive Development of the Corporation’s Board of Directors,
except to the extent that said Committee has delegated au