Exhibit 10.2

   
DANAHER EXCESS CONTRIBUTION PROGRAM
AS ESTABLISHED AS A SUB-PLAN UNDER THE
DANAHER CORPORATION 2007 OMNIBUS INCENTIVE PLAN,
AS AMENDED AND RESTATED

EFFECTIVE JANUARY 1, 2019
 

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TABLE OF CONTENTS

ARTICLE I DEFINITIONS    3
ARTICLE II PARTICIPATION    6
ARTICLE III CREDITING OF ACCOUNTS    7
ARTICLE IV VESTING OF ACCOUNTS    9
ARTICLE V DISTRIBUTION OF BENEFITS    10
ARTICLE VI CLAIMS AND ADMINISTRATION    13
ARTICLE VII STATUS OF PROGRAM    16
ARTICLE VIII PROGRAM AMENDMENT OR TERMINATION    18
ARTICLE IX MISCELLANEOUS    19

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DANAHER EXCESS CONTRIBUTION PROGRAM
AS ESTABLISHED AS A SUB-PLAN UNDER THE
DANAHER CORPORATION 2007 OMNIBUS INCENTIVE PLAN,
AS AMENDED AND RESTATED

WHEREAS, Danaher Corporation sponsors the Danaher Corporation 2007 Omnibus
Incentive Plan, as Amended and Restated (the “Omnibus Incentive Plan”); and
WHEREAS, this Danaher Excess Contribution Program as Established as a Sub-Plan
Under the Danaher Corporation 2007 Omnibus Incentive Plan, as Amended and
Restated (the “Program”) is established as a sub-plan under the Omnibus
Incentive Plan to offer deferred compensation in the form of Other Stock-Based
Awards to a select group of management and highly compensated employees of
Danaher Corporation to be paid in the form of Danaher Corporation common stock.
Capitalized terms used and not otherwise defined herein shall have the meanings
set forth in the Omnibus Incentive Plan.
NOW, THEREFORE, in order to accomplish such purpose, the Program Sponsor has
adopted the Program effective as of January 1, 2019. It is intended that the
Program shall be unfunded for purposes of the Code and shall constitute an
unfunded pension plan maintained for a select group of management and highly
compensated employees for purposes of Title I of ERISA, and shall comply with
Code section 409A and all formal regulations, rulings, and guidance issued
thereunder.

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ARTICLE I

DEFINITIONS
As used in this Program, each of the following terms shall have the respective
meaning set forth below unless a different meaning is plainly required by the
content.
1.1    Account. A bookkeeping account established under Article V to which a
Participant’s Matching Contributions and Non-Elective Contributions are
allocated. A Participant’s Employer Contribution Account shall contain a
Matching Contribution Subaccount and a Non-Elective Contribution Subaccount.
1.2    Administrator. The individual or committee appointed by the Program
Sponsor to administer the Program in accordance with Section 4 of the Omnibus
Incentive Plan.
1.3    Beneficiary. An individual or entity entitled to receive any benefits
under this Program that are payable upon a Participant's death.
1.4    Bonus. With respect to a Participant for a Program Year, the amount for
the Program Year that shall be determined to have been earned by the Participant
in accordance with the Employer's annual cash incentive program.
1.5    Bonus Deferral Amount. The term “Bonus Deferral Amount” shall have the
same meaning as such term is defined under the DCP.
1.6    Code. The Internal Revenue Code of 1986, as it may be amended from time
to time.
1.7    Common Stock. The common stock of the Program Sponsor.
1.8    Common Stock Price. With respect to a specified date as of which the
price of shares of Common Stock shall be determined, the closing sale price on
that date or, if the given date is not a trading day, the closing sale price for
the immediately preceding trading day.

1.9    DCP. The Danaher Deferred Compensation Plan, as it may be amended from
time to time.
1.10    Dividend Equivalents. The term “Dividend Equivalents” shall have the
same meaning as such term is defined under the Omnibus Incentive Plan.
1.11    EDIP. The Danaher Corporation & Subsidiaries Executive Deferred
Incentive Program, as it may be amended from time to time.
1.12    Effective Date. January 1, 2019.
1.13    Eligible Employee. An Employee who, pursuant to a determination made by
the Administrator, in its sole discretion, prior to the first day of an
applicable Program Year, is an Eligible Employee with respect to such Program
Year. The Administrator may, in its sole discretion, designate any newly hired
Employee as an Eligible Employee under the Program, but only to the extent the
Administrator determines such newly hired Employee belongs in a select group of
management or highly compensated employees within the meaning of ERISA sections
201(2), 301(a)(3) and 401(a)

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(1). Notwithstanding the foregoing, an active participant in the EDIP who has
not affirmatively elected to participate in this Program shall not be an
Eligible Employee.
1.14    Employee. An Employee is an employee who performs services for an
Employer.
1.15    Employer. (a) The Program Sponsor or (b) any Subsidiary of the Program
Sponsor that has adopted this Program with the approval of the Program Sponsor.
1.16    Employment Termination Date. With respect to a Participant, the date
that the Participant separates from service with all Employers, whether by
death, retirement, or other termination of employment, in a manner consistent
with the definition in Treasury Regulation section 1.409A-1(h).
1.17    ERISA. The Employee Retirement Income Security Act of 1974, as it may be
amended from time to time
1.18    Matching Compensation. An amount equal to the sum of:
(a)    The Salary and Bonus earned by the Participant (if any) in a Program Year
which exceeds the dollar limitation set forth in Code section 401(a)(17) for
that Program Year; plus
(b)    All amounts earned by the Participant (if any) in a Program Year and
deferred under Section 3.1 of the DCP, but only to the extent such amounts have
not been included in the amount described in (a) above.
1.19    Matching Contribution Subaccount. With respect to a Participant, a
subaccount of his Account maintained on behalf of the Participant to record any
Notional Shares attributable to Matching Contributions, including any Dividend
Equivalents credited thereto and any distributions debited therefrom in
accordance with the terms of this Program.
1.20    Matching Contributions. Contributions credited pursuant to Section 3.1.
1.21    Non-Elective Compensation. With respect to a Program Year, an amount
equal to the sum of the following which is in excess of the dollar limitation
set forth in Code section 401(a)(17) for that Program Year:
(a)    The Participant’s annualized rate of base salary as of December 31 of the
calendar year preceding the Program Year; plus
(b)    The Participant’s target annual cash incentive as of December 31 of the
calendar year preceding the Program Year.
1.22    Non-Elective Contribution Subaccount. With respect to a Participant, a
subaccount of his Account maintained on behalf of the Participant to record any
Notional Shares attributable to Non-Elective Contributions, including any
Dividend Equivalents credited thereto and any distributions debited therefrom in
accordance with the terms of this Program.
1.23    Non-Elective Contributions. Contributions credited pursuant to Section
3.2.
1.24    Notional Share. A fictitious share of Common Stock which is a unit of
measurement of the amount payable to a Participant under the Program and does
not constitute Common Stock or any other equity interest in any Employer and
does not have any rights of equity ownership in any Employer. The crediting of a
Notional Share under the Program shall be treated

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as a grant of an Other Stock-Based Award under the Omnibus Incentive Plan;
provided, however, that a Notional Share credited under the Program on account
of a dividend pursuant to Section 3.3(c) shall be treated as a Dividend
Equivalent.
1.25    Omnibus Incentive Plan. The Danaher Corporation 2007 Omnibus Incentive
Plan, as Amended and Restated, and as may be further amended from time to time,
or any successor thereto.
1.26    Participant. An Eligible Employee or former Eligible Employee who is
participating in this Program pursuant to Article II.
1.27    Payroll Period. With respect to an Eligible Employee, a period with
respect to which the Eligible Employee receives a pay check or otherwise is paid
for services that he or she performs during the period for an Employer.
1.28    Program. The Danaher Excess Contribution Program as Established as a
Sub-Plan Under the Danaher Corporation 2007 Omnibus Incentive Plan, as Amended
and Restated, as it is set forth herein and as it may be amended from time to
time.
1.29    Program Sponsor. Danaher Corporation.
1.30    Program Year. The calendar year.
1.31    Salary. With respect to a Participant for a Payroll Period, the total
cash compensation (if any) that is payable to the Participant by any Employer
during the Payroll Period and that would be reportable on the Participant's
federal income tax withholding statement (Form W-2) that is payable to the
Participant during the Payroll Period, including but not limited to salary and
overtime pay, plus remuneration as defined in Code Section 3401(a)(8)(A) to the
extent not otherwise reported on the Participant's Form W-2 (excluding housing,
COLA, tax equalization, hardship and special allowances); but excluding amounts
attributable to Bonuses, hiring bonuses, long-term incentive awards, equity
awards, exercised stock options, severance benefits or other variable
compensation.

1.32    Salary Deferral Amount. The term “Salary Deferral Amount” shall have the
same meaning as such term is defined under the DCP.
1.33    Subsidiary. The term “Subsidiary” shall have the same meaning as such
term is defined under the Omnibus Incentive Plan.
1.34    Valuation Date. The monthly or other periodic date selected by the
Administrator to value Participants’ Accounts.
1.35    Year of Service. With respect to a Participant, a Year of Service has
the same meaning as defined in the Danaher Corporation & Subsidiaries Savings
Plan, as it may be amended from time to time.

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ARTICLE II    

PARTICIPATION
2.1    Commencement of Participation. An Eligible Employee shall become a
Participant as of the date that is the first (1st) day of a month and that
coincides with or follows the later of January 1, 2019, or the date that the
individual became an Eligible Employee.
2.2    Termination of Participation. A Participant who ceases being an Employee
or an Eligible Employee shall cease being a Participant as of the earlier of the
Participant’s date of death or the date as of which the Participant’s vested
portion of his or her Account (as determined subsequent to any crediting of his
or her Account under the Program) equals zero (0).

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ARTICLE III    

CREDITING OF ACCOUNTS
3.1    Matching Contributions. As of the February 1 immediately following the
end of each Program Year, the Account of each Participant who is not an active
participant in the EDIP shall be credited with a Matching Contribution in an
amount, if any, which shall be equal to:
(a)    100% of the Salary Deferral Amounts and Bonus Deferral Amounts credited
to the Participant's account under the DCP for such Program Year while the
Participant is an Employee, but not in excess of 3% of the Participant’s
Matching Compensation for such Program Year; plus
(b)    50% of the Salary Deferral Amounts and Bonus Deferral Amounts credited to
the Participant's account under the DCP for such Program Year while the
Participant is an Employee, in excess of 3% but not in excess of 5% of the
Participant’s Matching Compensation for such Program Year.
3.2    Non-Elective Contributions.
(a)    As of the February 1 immediately following the end of each Program Year,
the Account of each Participant who is not an active participant in the EDIP
shall be credited with a Non-Elective Contribution in an amount, if any, which
shall be equal to four percent (4%) of such Participant’s Non-Elective
Compensation for such Program Year.
(b)    As of February 1, 2019, the Account of each Participant who participated
in the EDIP on December 31, 2018 and affirmatively elected to participate in
this Program shall be credited with a Non-Elective Contribution in an amount, if
any, which shall be equal to eight percent (8%) of such Participant’s
Non-Elective Compensation using the Participant’s annualized rate of base salary
and target annual cash incentive determined as of December 31, 2018.
3.3    Crediting of Contributions. All amounts credited to a Participant under
the Program shall be credited to the Participant’s Matching Contribution
Subaccount or Non-Elective Contribution Subaccount as Notional Shares, as
follows:
(a)     The number of Notional Shares credited to a Participant’s Matching
Contribution Subaccount will be equal to the dollar amount of the Matching
Contribution credited to the Participant for the applicable Program Year,
divided by the Common Stock Price on the day before the crediting date in
Section 3.1 (rounded up to the next whole share).
(b)    The number of Notional Shares credited to a Participant’s Non-Elective
Contribution Subaccount will be equal to the dollar amount of the Non-Elective
Contribution made with respect to the Participant for the applicable Program
Year, divided by the Common Stock Price on the day before the crediting date in
Section 3.2 (rounded up to the next whole share).
(c)    In the event a cash dividend is declared on Common Stock, a Participant’s
Matching Contribution Subaccount and Non-Elective Contribution Subaccount shall
be credited with additional Notional Shares equal to the dividend on the number
of Notional Shares credited to the applicable subaccount divided by the Common
Stock Price on the day the dividend is paid.

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ARTICLE IV    

VESTING OF ACCOUNTS
4.1    Vesting.
(a)    One-Year Vesting Threshold. A Notional Share credited to a Participant’s
Matching Contribution Subaccount or Non-Elective Contribution Subaccount shall
be unvested prior to the first anniversary of the date such Notional Share is so
credited. On and after such first anniversary, such Notional Share shall be
vested in accordance with Section 4.1(b) or (c), as applicable.
(b)    Matching Contribution Subaccount. On and after the first anniversary of
the date a Notional Share is credited to a Participant’s Matching Contribution
Subaccount, such Notional Share shall be vested.
(c)    Non-Elective Contribution Subaccount. Except as otherwise determined by
the Administrator in its sole discretion, on and after the first anniversary of
the date a Notional Share is credited to a Participant’s Non-Elective
Contribution Subaccount, such Notional Share shall be vested if the Participant
has completed three (3) Years of Service.
(d)    Dividends. A Notional Share credited on account of a dividend pursuant to
Section 3.3(c) shall be vested to the same extent the underlying Notional Share
is vested.
(e)    Accelerated Vesting on Death. Notwithstanding anything in this Section
4.1 to the contrary, if a Participant dies while still an Employee, all Notional
Shares credited to his or her Account shall be vested.
4.2    Forfeiture of Unvested Amounts. Notwithstanding the foregoing, a
Participant shall permanently forfeit the portion of his or her Account which is
unvested at the time of the Participant’s Employment Termination Date.
4.3    Gross Misconduct Exception to Vesting. If the Administrator determines,
in his or her sole discretion, that the circumstances of and/or surrounding the
Participant’s separation from service constitute gross misconduct on the part of
the Participant, the Administrator may, in his or her sole discretion, determine
that the Participant’s vested interest in his or her Account shall be reduced to
as low as zero percent (0%).

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ARTICLE V    

DISTRIBUTION OF BENEFITS
5.1    Establishment of Accounts.
At the time a Participant is first credited with a Notional Share in accordance
with Article III, an Account shall be established on behalf of such Participant.
(a)    Timing. Subject to Section 5.1(d) below, the Participant’s Account shall
be paid as of the first day of the month following the Participant’s Employment
Termination Date.
(b)    Form. The Participant’s Account shall be paid in a lump sum.
(c)    Medium. Each whole Notional Share in the Participant’s Account shall be
paid as one (1) share of Common Stock. Fractional Notional Shares shall be paid
in accordance with Section 5(e) of the Omnibus Incentive Plan.
(d)    Special Payment Rule for Specified Employees. Notwithstanding the
foregoing, distributions may not be made to a Specified Employee due to the
Participant’s Employment Termination Date other than on account of death before
the first day of the month following the last day of the six (6) month period
commencing on the Participant’s Employment Termination Date, or, if earlier, the
Participant’s date of death.
For purposes of the Program, “Specified Employee” shall mean an Employee who is
a “key employee” as such term is defined in Code section 416(i) without regard
to Code section 416(i)(5). For purposes of determining which Employees are key
employees, an Employee is a key employee if the Employee meets the requirements
of Code section 416(i)(A)(i), (ii) or (iii) (applied in accordance with the
regulations thereunder and disregarding Code section 416(i)(5)) at any time
during the 12-month period ending on an identification date (which shall be
December 31st of each calendar year); provided, however, that all Employees who
are nonresident aliens during the entire 12-month period ending with the
relevant identification date shall be excluded in any such determination.
5.2    Distributions upon Death.
(a)    Acceleration of Payment. Upon the death of a Participant, the Beneficiary
or Beneficiaries of the deceased Participant shall receive the remaining unpaid
portion of the Participant’s Account as a lump sum as soon as practicable
following the Participant’s death, but no later than the last day of the first
Plan Year following the Plan Year in which the Participant’s death occurred.
(b)    Beneficiaries. The Administrator shall provide to each new Participant a
form on which he or she may designate (i) one or more Beneficiaries who shall
receive all or a portion of the Participant’s Account upon the Participant's
death, including any Beneficiary who shall receive any such amount only in the
event of the death of another Beneficiary; and (ii) the percentages to be paid
to each such Beneficiary (if there is more than one). A Participant may change
his or her Beneficiary designation from time to time by filing a new form with
the Administrator. No such Beneficiary designation shall be effective unless and
until the Participant has properly filed the completed form with the
Administrator in accordance with procedures

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established by the Administrator. A Beneficiary designation form that designates
the spouse of a Participant as his or her Beneficiary (whether or not any other
Beneficiary is also designated) shall be void with respect to the designation of
the spouse upon the divorce of the Participant and the spouse with the result
that the Participant's former spouse shall not be a Beneficiary unless the
Participant files a new form with the Administrator and designates his or her
former spouse as a Beneficiary. If a deceased Participant is not survived by a
designated Beneficiary or if no Beneficiary was effectively designated, the
Participant's Beneficiary shall be deemed to be the Participant's spouse and, if
there is no spouse, the Participant's estate. If a designated Beneficiary is
living at the death of the Participant but dies before receiving any or all of
the portion of the Account to which the Beneficiary was entitled, such remaining
portion shall be paid in a lump sum to the estate of the deceased Beneficiary as
soon as practicable following the Beneficiary’s death, but no later than the
last day of the first Plan Year following the Plan Year in which the
Beneficiary’s death occurred.
5.3    In-Service Distribution for Unforeseeable Emergency. The Administrator
may, but shall not be required to, establish procedures under which an
in-service distribution may be made to a Participant of all or a part of his
Account in the event that the Participant has an unforeseeable emergency, as
described in Subsection (a) below, and the distribution is reasonably needed to
satisfy the unforeseeable emergency, as described in Subsection (b) below, and
the distribution complies with Treasury Regulation section 1.409A-3(a)(6):
(a)    Unforeseeable Emergency. With respect to a Participant, an unforeseeable
emergency is severe financial hardship to the Participant resulting from a
sudden and unexpected illness or accident of the Participant or of a "dependent"
of the Participant, as such term shall be defined in Code Section 152(a); loss
of the Participant's property due to casualty; or another similar extraordinary
and unforeseeable set of circumstances arising as a result of events beyond the
control of the Participant.
(b)    Distribution Reasonably Necessary to Satisfy Emergency. A distribution
shall be deemed to be reasonably necessary to satisfy a Participant's
unforeseeable emergency if the following requirements are met and the
distribution otherwise complies with Treasury Regulation section
1.409A-3(i)(3)(ii):
(i)    The distribution does not exceed the amount of the Participant's
financial need plus amounts necessary to pay any income taxes or penalties
reasonably anticipated to result from the distribution;
(ii)    The Participant's financial need cannot be relieved:
(A)    Through reimbursement or compensation by insurance or otherwise,
(B)    By liquidation of the Participant's assets, to the extent that such
liquidation would not itself cause severe financial hardship, or
(C)    By the termination of the Participant’s election (if any) under the DCP
with respect to a Bonus Deferral Amount or Salary Deferral Amounts.
5.4    Permitted Payment Delays. To the extent compliant with Code section 409A,
payment of a Participant’s Account may be delayed to a date after the designated
payment date under either of the following two circumstances:    

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(a)    Where the Program Sponsor reasonably anticipates that an Employer’s
deduction with respect to the payment of an amount would otherwise be limited or
eliminated by application of Code section 162(m); provided, however, that such
payment shall be made to the Participant (i) during the Participant's first
taxable year in which the Program Sponsor reasonably anticipates that the
deduction of such payment will not be limited or eliminated by the application
of Code section 162(m), or, if later, (ii) during the period beginning with the
Participant’s Employment Termination Date and ending on the later of (A) the
last day of the taxable year of the Program Sponsor in which the Participant's
Employment Termination Date occurs or (B) the fifteenth (15th) day of the third
month following the Participant's Employment Termination Date.
(b)    Where the Program Sponsor reasonably anticipates that the making of the
payment of the amount will violate Federal Securities laws or other applicable
law; provided, however, that such payment will be made to the Participant at the
earliest date at which the Program Sponsor reasonably anticipates that the
making of such payment will not cause such violation.
5.5    Permitted Payment Accelerations. The Administrator may, in its sole
discretion, accelerate the payment timing of all or a portion of a Participant’s
Account to the extent permissible under Treasury Regulation section
1.409A-3(j)(4).
    

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ARTICLE VI    

CLAIMS AND ADMINISTRATION
6.1    Applications. A Participant or the Beneficiary of a deceased Participant
who is or may be entitled to benefits under this Program shall apply for such
benefits in writing if and as required by the Administrator, in its sole
discretion.
6.2    Information and Proof. A Participant or the Beneficiary of a deceased
Participant shall furnish all information and proof required by the
Administrator for the determination of any issue arising under the Program
including, but not limited to, proof of marriage to a Participant or a certified
copy of the death certificate of a Participant. The failure by a Participant or
the Beneficiary of a deceased Participant to furnish such information or proof
promptly and in good faith, or the furnishing of false or fraudulent information
or proof by the Participant or Beneficiary, shall be sufficient reason for the
denial, suspension, or discontinuance of benefits thereto and the recovery of
any benefits paid in reliance thereon.
6.3    Notice of Address Change. Each Participant and any Beneficiary of a
deceased Participant who is or may be entitled to benefits under this Program
shall notify the Administrator in writing of any change of his or her address.
6.4    Claims Procedure.
(a)    Claim Denial. The Administrator shall provide adequate notice in writing
to any Participant or Beneficiary of a deceased Participant whose application
for benefits has been wholly or partially denied. Such notice shall include the
reason(s) for denial, including references, when appropriate, to specific
Program provisions; a description of any additional information necessary for
the claimant to perfect the claim, if applicable and an explanation of why such
information is necessary; and a description of the claimant's right to appeal
under Subsection (b) below.
The Administrator shall furnish such notice of a claim denial within ninety (90)
days after the date that the Administrator received the claim. If special
circumstances require an extension of time for deciding a claim, the
Administrator shall notify the claimant in writing thereof within such ninety
(90)-day period and shall specify the date a decision on the claim shall be
made, which shall not be more than one hundred eighty (180) days after the date
that the Administrator received the claim. Then, the Administrator shall furnish
any denial notice on the claim by the later date so specified.
(b)    Appeal Procedure. A claimant or his or her duly authorized representative
shall have the right to file a written request for review of a claim denial
within sixty (60) days after receipt of the denial, to review pertinent
documents, records and other information relevant to his or her claim without
charge (including items used in the determination, even if not relied upon in
making the final determination and items demonstrating consistent application
and compliance with this Program's administrative processes and safeguards), and
to submit comments, documents, records, and other information relating to the
claim, even if the information was not submitted or considered in the initial
determination.
(c)    Decision Upon Appeal. In considering an appeal made in accordance with
Subsection (b) above, the Administrator shall review and consider any written
comments,

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documents, records, and other information relating to the claim, even if the
information was not submitted or considered in the initial determination by the
claimant or his or her duly authorized representative. The claimant or his or
her representative shall not be entitled to appear in person before any
representative of the Administrator.
The Administrator shall issue a written decision on an appeal within sixty (60)
days after the date the Administrator receives the appeal together with any
written comments relating thereto. If special circumstances require an extension
of time for a decision on an appeal, the Administrator shall notify the claimant
in writing thereof within such sixty (60)-day period. Then, the Administrator
shall furnish a written decision on the appeal as soon as possible but no later
than one hundred twenty (120) days after the date that the Administrator
received the appeal. The decision on the appeal shall be written in a manner
calculated to be understood by the claimant and shall include specific
references to the pertinent Program provisions on which the decision is based.
If the claimant loses on appeal, the decision shall include the following
information provided in a manner calculated to be understood by the claimant:
(1) the specific reason(s) for the adverse determination; (2) reference to the
specific Program provisions on which the determination is based; (3) a statement
of the claimant's right to receive at no cost information and copies of
documents relevant to the claim, even if such information was not relied upon in
making determinations; and (4) a statement of the claimant's rights to sue under
ERISA.
6.5    Status, Responsibilities, Authority and Immunity of Administrator.
(a)    Appointment and Status of Administrator. The Program Sponsor shall
appoint the Administrator in accordance with the terms of Section 4 of the
Omnibus Incentive Plan. The Program Sponsor may remove the Administrator and
appoint another Administrator or, if the Administrator is a committee, the
Program Sponsor may remove any or all members of the committee and appoint new
members, in each case in accordance with the terms of Section 4 of the Omnibus
Incentive Plan. The Administrator shall be the "administrator" of the Program,
as such term shall be defined in Section 3(16)(A) of ERISA.
(b)    Responsibilities and Discretionary Authority. The Administrator shall
have absolute and exclusive discretion to manage the Program and to determine
all issues and questions arising in the administration, interpretation, and
application of the Program, including, but not limited to, issues and questions
relating to a Participant's eligibility for Program benefits and to the nature,
amount, conditions, and duration of any Program benefits. Furthermore, the
Administrator shall have absolute and exclusive discretion to formulate and to
adopt any and all standards for use in calculations required in connection with
the Program and rules, regulations, and procedures that he or she deems
necessary or desirable to effectuate the terms of the Program; provided,
however, that the Administrator shall not adopt a rule, regulation, or procedure
that shall conflict with this Program. Subject to the terms of any applicable
contract or agreement, any interpretation or application of this Program by the
Administrator, or any rules, regulations, and procedures duly adopted by the
Administrator, shall be final and binding upon Employees, Participants,
Beneficiaries, and any and all other persons dealing with the Program.
(c)    Delegation of Authority and Reliance on Agents. The Administrator may, in
its discretion and in accordance with Section 4 of the Omnibus Incentive Plan,
allocate ministerial duties and responsibilities for the operation and
administration of the Program to one or more persons, who may or may not be
Employees, and employ or retain one or more persons, including accountants and
attorneys, to render advice with regard to any responsibility of the
Administrator.

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(d)    Reliance on Documents. The Administrator shall incur no liability in
relying or in acting upon any instrument, application, notice, request, letter,
or other paper or document believed by the Administrator to be genuine, to
contain a true statement of facts, and to have been executed or sent by the
proper person.
(e)    Immunity and Indemnification of Administrator. The Administrator shall
not be liable for any of his or her acts or omissions, or the acts or omissions
of any employee or agent authorized or retained pursuant to Subsection (c) above
by the Administrator, except any act of the Administrator or any such person as
constitutes gross negligence or willful misconduct. The Program Sponsor shall
indemnify the Administrator, to the fullest extent permitted by law, if the
Administrator is ever made a party or is threatened to be made a party to any
threatened, pending, or completed action, suit, claim, or proceeding, whether
civil, criminal, administrative, or investigative (including, but not limited
to, any action by or in the right of the Program Sponsor), by reason of the fact
that the Administrator is or was, or relating to the Administrator's actions as,
the Administrator, against any expenses (including attorneys' fees), judgments,
fines, and amounts paid in settlement that the Administrator incurs as a result
of, or in connection with, such action, suit, claim, or proceeding, provided
that the Administrator had no reasonable cause to believe that his or her
conduct was unlawful.
6.6    Correction of Prior Incorrect Allocations. Notwithstanding any other
provisions of this Program, in the event that an adjustment to a Participant’s
Account shall be required to correct an incorrect allocation to such Account,
the Administrator shall take such actions as it deems, in its sole discretion,
to be necessary or desirable to correct such prior incorrect allocation.
6.7    Facility of Payment. If the Administrator shall determine that a
Participant or the Beneficiary of a deceased Participant to whom a benefit is
payable is unable to care for his or her affairs because of illness, accident or
other incapacity, the Administrator may, in its discretion, direct that any
payment otherwise due to the Participant or Beneficiary be paid to the legal
guardian or other representative of the Participant or Beneficiary. Furthermore,
the Administrator may, in its discretion, direct that any payment otherwise due
to a minor Participant or Beneficiary of a deceased Participant be paid to the
guardian of the minor or the person having custody of the minor. Any payment
made in accordance with this Section 6.7 to a person other than a Participant or
the Beneficiary of a deceased Participant shall, to the extent thereof, be a
complete discharge of the Program's obligation to the Participant or
Beneficiary.
6.8    Unclaimed Benefits. If the Administrator cannot locate a Participant or
the Beneficiary of a deceased Participant to whom payment of benefits under this
Program shall be required, following a diligent effort by the Administrator to
locate the Participant or Beneficiary, such benefit shall be forfeited.

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ARTICLE VII    

STATUS OF PROGRAM
7.1    Unfunded Status of Program. The Program constitutes a mere promise by the
Program Sponsor to pay benefits in accordance with the terms of the Program,
and, to the extent that any person acquires a right to receive benefits from the
Program Sponsor under this Program, such right shall be no greater than any
right of any unsecured general creditor of the Program Sponsor. Nothing
contained in this Program and no action taken pursuant to the provisions of this
Program shall create or be construed so as to create a trust of any kind, or a
fiduciary relationship between the Program Sponsor and any Participant,
Beneficiary, or other person.
7.2    Shares to be Issued. The aggregate number of shares of Common Stock that
may be issued to satisfy the obligations under the Program and the Omnibus
Incentive Plan shall not exceed the number of shares of Common Stock available
for awards under Section 5(a) of the Omnibus Incentive Plan. The Common Stock
issued under the Program may come from any source authorized under Section 5(a)
of the Omnibus Incentive Plan.
Subject to any required action by the Program Sponsor (which it shall promptly
take) or its stockholders, and subject to the provisions of applicable corporate
law, if the outstanding shares of Common Stock increase or decrease or change
into or are exchanged for a different number or kind of security by reason of
any recapitalization, reclassification, stock split, reverse stock split,
combination of shares, exchange of shares, stock dividend, or other distribution
payable in capital stock, or some other increase or decrease in the Common Stock
occurs without the Program Sponsor’s receiving consideration, the Administrator
shall make an equitable adjustment as the Administrator in its sole discretion
deems to be appropriate to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Program to the number
and kind of Notional Shares credited to each Participant’s Account under the
Program, and the Common Stock Price.
In the event of a declaration of an extraordinary dividend on the Common Stock
payable in a form other than Common Stock in an amount that has a material
effect on the price of the Common Stock, the Administrator shall make an
equitable adjustment as the Administrator in its sole discretion deems to be
appropriate to the items set forth in the preceding paragraph in order to
prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under the Program.
Any issue by the Program Sponsor of any class of preferred stock, or securities
convertible into shares of common or preferred stock of any class, will not
affect, and no adjustment by reason thereof will be made with respect to, the
number of Notional Shares credited to each Participant’s Account under the
Program, or the Common Stock Price, except as this Section 7.2 specifically
provides. The crediting of a share of Common Stock under the Program will not
affect in any way the right or power of the Program Sponsor to make adjustments,
reclassifications, reorganizations or changes of its capital or business
structure, or to merge or to consolidate, or to dissolve, liquidate, sell, or
transfer all or any part of its business or assets.
7.3    Omnibus Incentive Plan. The Program is a sub-plan under the Omnibus
Incentive Plan and is subject to all of the terms and conditions of the Omnibus
Incentive Plan. In the event that any provision of the Program does not comply
with the terms of the Omnibus Incentive Plan, the applicable term shall be
interpreted in such a manner so as to comply with the terms of the Omnibus
Incentive Plan.

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ARTICLE VIII    

PROGRAM AMENDMENT OR TERMINATION
8.1    Right to Amend. The Program Sponsor reserves the right to amend the
Program, by action duly taken by its Board of Directors, at any time and from
time to time to any extent that the Program Sponsor may deem advisable, and any
such amendment shall take the form of an instrument in writing duly executed by
one or more individuals duly authorized by the Board of Directors. Without
limiting the generality of the foregoing, the Program Sponsor specifically
reserves the right to amend the Program retroactively as may be deemed
necessary. Notwithstanding the foregoing sentences, the Program Sponsor shall
not amend the Program so as to reduce the balance in the Account of any
Participant, or to reduce any Participant’s vested interest in his or her
Account, in either case as of the date that such an amendment would otherwise be
effective; unless any such amendment shall be reasonably required to comply with
applicable law or to preserve the tax treatment of benefits provided under the
Program or is consented to by the affected Participant.
8.2    Right to Terminate. The Program Sponsor reserves the right to terminate
the Program, by action duly taken by its Board of Directors, at any time as the
Program Sponsor may deem advisable. Upon termination of the Program, the Program
Sponsor shall pay or provide for the payment of all liabilities with respect to
Participants and Beneficiaries of deceased Participants by distributing amounts
to and on behalf of such Participants and Beneficiaries. Notwithstanding the
foregoing, the termination of the Program shall not accelerate the time and form
of payment of any amount except when the Program Sponsor elects to terminate the
Program in accordance with one of the following:
(a)The Program Sponsor elects to terminate the Program within twelve (12) months
of a corporate dissolution taxed under Code section 331 or with the approval of
a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the
amounts are included in Participants’ gross incomes in the latest of (a) the
calendar year in which the Program termination occurs, (b) the calendar year in
which the amount is no longer subject to a substantial risk of forfeiture, or
(c) the first calendar year in which the payment of the amount is
administratively practical.
(b)The Program Sponsor elects to terminate the Program under the following
conditions: (i) the Employer terminates all arrangements sponsored by the
Employer that would be aggregated with any terminated arrangements under the
regulations promulgated under Code section 409A if the same Participant had
deferrals of compensation under all such terminated arrangements; (ii) no
payments (other than payments that would be payable under the terms of the
arrangements if the termination had not occurred) are made within twelve (12)
months of the termination of the arrangements; (iii) all payments are made
within twenty-four (24) months of the termination of the arrangements; and (iv)
no Employer adopts a new arrangement that would be aggregated with any
terminated arrangement under the regulations promulgated under Code section 409A
if the same Participant participated in both arrangements, at any time within
five (5) years following the date of termination of the Program.
(c)The Program Sponsor elects to terminate the Program in accordance with any
such other events and conditions that the Commissioner of the Internal Revenue
Service may prescribe in generally applicable guidance published in the Internal
Revenue Bulletin.

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ARTICLE IX    

MISCELLANEOUS
9.1    No Guarantee of Employment. Nothing contained in this Program shall be
construed as a contract of employment between any Employee and the Program
Sponsor or any Employer, as a right of any Employee to be continued in any
employment position with, or the employment of, the Program Sponsor or any
Employer, or as a limitation of the right of the Program Sponsor or any Employer
to discharge any Employee.
9.2    Nonalienation of Benefits. Any benefits or rights to benefits payable
under this Program shall not be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, charge,
garnishment, execution, or levy of any kind, either voluntary or involuntary,
including any such liability that is for alimony or other payments for the
support of a Beneficiary or former Beneficiary, or for the support of any other
relative, before payment thereof is received by the Participant, Beneficiary of
a deceased Participant, or other person entitled to the benefit under the
Program; and any attempt to anticipate, alienate, sell, transfer, assign,
pledge, encumber, charge, or otherwise dispose of any right to benefits payable
under this Program shall be void.
9.3    Taxes. Neither the Program Sponsor nor any Employer represents or
guarantees that any particular federal, state, or local income, payroll,
personal property or other tax consequence will result from participation in
this Program or payment of benefits under this Program. Notwithstanding anything
in this Program to the contrary, the Administrator may, in its sole discretion,
deduct and withhold applicable taxes from any payment of benefits under this
Program. For the avoidance of doubt, each Participant and Beneficiary shall be
responsible for any and all taxes, interest, and penalties. The Administrator
also may permit such obligations to be satisfied by the transfer to the Program
Sponsor or any Employer of cash, shares of Common Stock, or other property.
9.4    Not Compensation Under Other Benefit Plans. No amounts in a Participant's
Account shall be deemed to be salary or compensation for purposes of the Danaher
Corporation & Subsidiaries Savings Plan or any other employee benefit plan of
the Program Sponsor or any Employer except as and to the extent otherwise
specifically provided in any such plan.
9.5    Merger or Consolidation of Program Sponsor. If the Program Sponsor is
merged or consolidated with another organization, or another organization
acquires all or substantially all of the Program Sponsor's assets, such
organization may become the "Program Sponsor" hereunder by action of its board
of directors and by action of the board of directors of the Program Sponsor if
still existent. Such change in program sponsors shall not be deemed to be a
termination of this Program.
9.6    Savings Clause. If any term, covenant, or condition of this Program, or
the application thereof to any person or circumstance, shall to any extent be
held to be invalid or unenforceable, the remainder of this Program, or the
application of any such term, covenant, or condition to persons or circumstances
other than those as to which it has been held to be invalid or unenforceable,
shall not be affected thereby, and, except to the extent of any such invalidity
or unenforceability, this Program and each term, covenant, and condition hereof
shall be valid and shall be enforced to the fullest extent permitted by law.

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9.7    Governing Law. This Program shall be construed, regulated and
administered under the laws of the State of Delaware to the extent not
pre-empted by ERISA or any other federal law.
9.8    Construction. As used in this Program, the masculine and feminine gender
shall be deemed to include the neuter gender, as appropriate, and the singular
or plural number shall be deemed to include the other, as appropriate, unless
the context clearly indicates to the contrary.
9.9    Headings No Part of Agreement. Headings of articles, sections and
subsections of this Program are inserted for convenience of reference; they
constitute no part of the Program and are not to be considered in the
construction of the Program.

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