United Technologies Corporation
Long Term Incentive Plan
Performance Share Unit Award
Schedule of Terms
This Schedule of Terms describes the material features of the recipient’s Performance Share Unit Award (“Award”) granted
under the United Technologies Corporation 2005 Long Term Incentive Plan as amended and restated on April 9, 2008 (the
“LTIP”). The Award is subject to this Schedule of Terms and the terms, definitions, and provisions of the LTIP. The LTIP
Prospectus contains detailed information about the LTIP and this Award.
Performance Share Unit
A Performance Share Unit (a “PSU”) is equal in value to one share of common stock of the Corporation (“Common Stock”).
PSUs are generally convertible into shares of Common Stock if and to the extent the associated pre-established performance
targets are achieved (see “Vesting” below).
Acknowledgement of Award
The number of PSUs awarded is set forth in the Statement of Award. The recipient must acknowledge and accept the terms and
conditions of the PSU Award by signing and returning the designated portion of the Statement of Award to the Stock Plan
Administrator by the specified due date.
PSUs vest only if pre-established three year performance targets are achieved. Performance targets include: (i) diluted earnings
per share; (ii) total shareowner return; (iii) working capital and gross inventory turnover; and (iv) revenue growth. A PSU
Award may be subject to a single or multiple performance targets. The Statement of Award will specify the applicable
performance targets, the performance period and vesting date, the minimum performance required for vesting, the range of
vesting relative to measured performance and, if multiple performance targets apply, the relative weighting of each.
In the event of certain types of misconduct, Awards may be forfeited, including vested Awards and gains realized from prior
Awards. See “Forfeiture of Interest and Recoupment of Gains Realized from Prior Awards” on page