ex105-february2022grantx






     DANAHER CORPORATION  2007 OMNIBUS INCENTIVE PLAN, AS AMENDED AND RESTATED  RESTRICTED STOCK UNIT AGREEMENT  (Non-Employee Directors)  Unless otherwise defined herein, the terms defined in the Danaher Corporation 2007 Omnibus  Incentive Plan, As Amended and Restated (the “Plan”) will have the same defined meanings in this  Restricted Stock Unit Agreement (the “Agreement”).  I. NOTICE OF GRANT  Name:  Employee ID:  The undersigned Participant has been granted an Award of Restricted Stock Units, subject to the  terms and conditions of the Plan and this Agreement, as follows (each of the following capitalized terms  are defined terms having the meaning indicated below):  Date of Grant    Number of Restricted Stock Units    Vesting Schedule:     Time-Based Vesting Criteria The time-based vesting criteria will be satisfied with  respect to 100% of the shares underlying the RSUs on  the earlier of (1) the first anniversary of the Date of  Grant, or (2) the date of, and immediately prior to, the  next annual meeting of shareholders of the Company   following the Date of Grant.  II. AGREEMENT  1. Grant of RSUs. Danaher Corporation (the “Company”) hereby grants to the Participant  named in this Grant Notice (the “Participant”), an Award of Restricted Stock Units (“RSUs”) to acquire  the number of shares of Common Stock (the “Shares”) set forth in the Grant Notice, subject to the terms  and conditions of this Agreement and the Plan, which are incorporated herein by reference.   2. Vesting.   (a) Vesting Schedule.  Except as may otherwise be set forth in this Agreement or in  the Plan, RSUs awarded to a Participant shall not vest until the Participant continues to be actively  providing services to the Company for the periods required to satisfy the time-based vesting criteria  (“Time-Based Vesting Criteria”) applicable to such RSUs.  The Time-Based Vesting Criteria applicable  to RSUs are referred to as “Vesting Conditions,” and the date upon which all Vesting Conditions are  satisfied is referred to as the “Vesting Date.”  The Vesting Conditions shall be established by the  Compensation Committee (the “Committee”) of the Company’s Board of Directors and reflected in the  





 






    2  account maintained for the Participant by an external third party administrator of the RSUs.  Further,  during any approved leave of absence (and without limiting the application of any other rules governing  leaves of absence that the Committee may approve from time to time pursuant to the Plan), to the extent  permitted by applicable law the Committee shall have discretion to provide that the vesting of the RSUs  shall be frozen as of the first day of the leave (or as of any subsequent day during such leave, as  applicable) and shall not resume until and unless the Participant returns to active service.   (b) Fractional RSU Vesting.  In the event the Participant is vested in a fractional  portion of an RSU (a “Fractional Portion”), such Fractional Portion will be rounded up and converted into  a whole Share and issued to the Participant; provided that to the extent rounding a fractional share up  would result in the imposition of either (i) individual tax and penalty interest charges imposed under  Section 409A of the U.S. Internal Revenue Code of 1986 (“Section 409A”), or (ii) adverse tax  consequences if the Participant is located outside of the United States, the fractional share will be rounded  down without the payment of any consideration in respect of such fractional share.  3. Form and Timing of Payment; Conditions to Issuance of Shares.  (a) Form and Timing of Payment.  The Award of RSUs represents the right to receive a  number of Shares equal to the number of RSUs that vest pursuant to the Vesting Conditions.  Unless and  until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right  to payment of any such RSUs.  Prior to actual issuance of any Shares underlying the RSUs, such RSUs  will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of  the Company.  Subject to the other terms of the Plan and this Agreement, any RSUs that vest in  accordance with Sections 2 and 4 will be paid to the Participant in whole Shares on the earlier of (i) the  first day of the seventh month following the Participant’s separation from service as an Eligible Director,  or (ii) the Participant’s date of death (or in each case the next business day thereafter if such date is not a  business day).  The Shares shall not be issued under the Plan unless the issuance and delivery of such  Shares comply with (or are exempt from) all applicable requirements of law, including (without  limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and  regulations, and the regulations of any stock exchange or other securities market on which the Company’s  securities may then be traded.  The Committee may require the Participant to take any reasonable action  in order to comply with any such rules or regulations.      (b)  Acknowledgment of Potential Securities Law Restrictions.  Unless a registration  statement under the Securities Act covers the Shares issued upon vesting of an RSU, the Committee may  require that the Participant agree in writing to acquire such Shares for investment and not for public resale  or distribution, unless and until the Shares subject to the RSUs are registered under the Securities Act.   The Committee may also require the Participant to acknowledge that the Participant shall not sell or  transfer such Shares except in compliance with all applicable laws, and may apply such other restrictions  as it deems appropriate.  The Participant acknowledges that the U.S. federal securities laws prohibit  trading in the stock of the Company by persons who are in possession of material, non-public  information, and also acknowledges and understands the other restrictions set forth in the Company’s  Insider Trading Policy.  4. Termination.   (a) General.  In the event the Participant’s active service-providing relationship with  the Company terminates (the date of any such termination is referred to as the “Termination Date”) for  any reason (other than death, Early Retirement or Normal Retirement) whether or not in breach of  applicable labor laws, unless contrary to applicable law and unless otherwise provided by the  Administrator either initially or subsequent to the grant of the RSUs, all RSUs that are unvested as of the  





 






    3  Termination Date shall automatically terminate as of the Termination Date and the Participant’s right to  receive further RSUs under the Plan shall also terminate as of the Termination Date.  The Committee  shall have discretion to determine whether the Participant has ceased actively providing services to the  Company, and the effective date on which such active service-providing relationship terminated.  The  Participant’s active service-providing relationship will not be extended by any notice period mandated  under applicable law (e.g. a period of “garden leave”, paid administrative leave or similar period   pursuant to applicable law).  Unless the Committee provides otherwise, termination will include instances  in which the Participant is terminated and immediately rehired as an independent contractor.   (b) Death.  Upon Participant’s death, any unvested RSUs shall vest.    (c) Retirement.  (i) Upon termination of Participant’s active service-providing relationship  with the Company by reason of the Participant’s Early Retirement, unless contrary to applicable law and  unless otherwise provided by the Committee either initially or subsequent to the grant of RSUs, the  unvested portion of the RSUs held by the Participant for at least six (6) months prior to the Early  Retirement date will continue to vest in accordance with Section 2.  (ii) Upon termination of Participant’s active service-providing relationship  with the Company by reason of the Participant’s Normal Retirement, unless contrary to applicable law  and unless otherwise provided by the Committee either initially or subsequent to the grant of the RSUs,  the unvested portion of the RSUs held by the Participant for at least six (6) months prior to the Normal  Retirement date will continue to vest in accordance with Section 2.  (d) Gross Misconduct.  If the Participant is terminated as an Eligible Director by  reason of Gross Misconduct as determined by the Administrator, the Administrator in its sole discretion  may provide that all, or any portion specified by the Administrator, of the Participant’s unvested RSUs  shall automatically terminate as of the time of termination without consideration.  The Participant  acknowledges and agrees that the Participant’s termination shall also be deemed to be a termination by  reason of the Participant’s Gross Misconduct if, after the Participant’s active service-providing  relationship has terminated, facts and circumstances are discovered or confirmed by the Company that  would have justified a termination for Gross Misconduct.  (e) Violation of Post-Termination Covenant.  To the extent that any of the  Participant’s RSUs remain outstanding under the terms of the Plan or this Agreement after the  Termination Date, such RSUs shall expire as of the date the Participant violates any covenant not to  compete or similar covenant that exists between the Participant on the one hand and the Company or any  Subsidiary of the Company, on the other hand.    (f) Substantial Corporate Change.  Upon a Substantial Corporate Change, the  Participant’s unvested RSUs will terminate unless provision is made in writing in connection with such  transaction for the assumption or continuation of the RSUs, or the substitution for such RSUs of any  options or grants covering the stock or securities of a successor employer corporation, or a parent or  subsidiary of such successor, with appropriate adjustments as to the number and kind of shares of stock  and prices, in which event the RSUs will continue in the manner and under the terms so provided.        5. Non-Transferability of RSUs.  Unless the Committee determines otherwise in advance in  writing, RSUs may not be transferred in any manner otherwise than by will or by the applicable laws of  descent or distribution. The terms of the Plan and this Agreement shall be binding upon the executors,  administrators, heirs and permitted successors and assigns of the Participant.  





 






    4  6. Amendment of RSUs or Plan.  The Plan and this Agreement constitute the entire  understanding of the parties with respect to the subject matter hereof and supersede in their entirety all  prior undertakings and agreements of the Company and the Participant with respect to the subject matter  hereof.  The Participant expressly warrants that the Participant is not accepting this Agreement in reliance  on any promises, representations, or inducements other than those contained herein.  The Board may  amend, modify or terminate the Plan or the RSUs in any respect at any time; provided, however, that  modifications to this Agreement or the Plan that materially and adversely affect the Participant’s rights  hereunder can be made only in an express written contract signed by the Company and the Participant.   Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to  revise this Agreement and Participant’s rights under outstanding RSUs as it deems necessary or advisable,  in its sole discretion and without the consent of the Participant, (1) upon a Substantial Corporate Change,  (2) as required by law, or (3) to comply with Section 409A or to otherwise avoid imposition of any  additional tax or income recognition under Section 409A in connection with the RSUs.  7. Tax Obligations.      (a) Taxes.  Regardless of any action the Company takes with respect to any or all  federal, state, local or foreign income tax, social insurance, payroll tax, payment on account or other tax  related items (“Tax-Related Items”), the Participant acknowledges that the ultimate liability for all Tax- Related Items associated with the RSUs is and remains the Participant’s responsibility and that the  Company (i) makes no representations or undertakings regarding the treatment of any Tax-Related Items  in connection with any aspect of the RSUs, including, but not limited to, the grant or vesting of the RSUs,  the delivery of the Shares, the subsequent sale of Shares acquired at vesting and the receipt of any  dividends or dividend equivalents; and (ii) does not commit to structure the terms of the grant or any  aspect of the RSUs to reduce or eliminate the Participant’s liability for Tax-Related Items.  Further, if  Participant is subject to tax in more than one jurisdiction, the Participant acknowledges that the Company  may be required to withhold or account for Tax-Related Items in more than one jurisdiction.    (b) Code Section 409A. Payments made pursuant to this Plan and the Agreement are  intended to qualify for an exemption from or comply with Section 409A.  Notwithstanding any provision  in the Agreement, the Company reserves the right, to the extent the Company deems necessary or  advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to ensure  that all RSUs granted to Participants who are United States taxpayers are made in such a manner that  either qualifies for exemption from or complies with Section 409A; provided, however, that the Company  makes no representations that the Plan or the RSUs shall be exempt from or comply with Section 409A  and makes no undertaking to preclude Section 409A from applying to the Plan or any RSUs granted  thereunder.  If this Agreement fails to meet the requirements of Section 409A, neither the Company nor  any of its Eligible Subsidiaries shall have any liability for any tax, penalty or interest imposed on the  Participant by Section 409A, and the Participant shall have no recourse against the Company or any of its  Eligible Subsidiaries for payment of any such tax, penalty or interest imposed by Section 409A.  Notwithstanding anything to the contrary in this Agreement, these provisions shall apply to any  payments and benefits otherwise payable to or provided to the Participant under this Agreement.  For  purposes of Section 409A, each “payment” (as defined by Section 409A) made under this Agreement  shall be considered a “separate payment.”  In addition, for purposes of Section 409A, payments shall be  deemed exempt from the definition of deferred compensation under Section 409A to the fullest extent  possible under (i) the “short-term deferral” exemption of Treasury Regulation § 1.409A-1(b)(4), and (ii)  (with respect to amounts paid as separation pay no later than the second calendar year following the  calendar year containing the Participant’s “separation from service” (as defined for purposes of Section  409A)) the “two years/two-times” involuntary separation pay exemption of Treasury Regulation §  1.409A-1(b)(9)(iii), which are hereby incorporated by reference.  





 






    5  For purposes of making a payment under this Agreement, if any amount is payable as a result of a  Substantial Corporate Change, such event must also constitute a “change in ownership or effective  control” of the Company or a “change in the ownership of a substantial portion of the assets” of the  Company within the meaning of Section 409A.  8. Rights as Shareholder.  Until all requirements for vesting of the RSUs pursuant to the terms  of this Agreement and the Plan have been satisfied, the Participant shall not be deemed to be a  shareholder of the Company, and shall have no dividend rights or voting rights with respect to the RSUs  or any Shares underlying or issuable in respect of such RSUs until such Shares are actually issued to the  Participant.   9. No Right to Continue as Eligible Director.  Nothing in the Plan or this Agreement shall  confer upon the Participant any right to continuation as an Eligible Director.   10. Board Authority.  The Board and/or the Committee shall have the power to interpret this  Agreement and to adopt such rules for the administration, interpretation and application of the Agreement  as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the  determination of whether any RSUs have vested).  All interpretations and determinations made by the  Board and/or the Committee in good faith shall be final and binding upon Participant, the Company and  all other interested persons and such determinations of the Board and/or the Committee do not have to be  uniform nor do they have to consider whether Plan participants are similarly situated.    11. Headings.  The captions used in this Agreement and the Plan are inserted for convenience and  shall not be deemed to be a part of the RSUs for construction and interpretation.  12. Electronic Delivery.  (a) If the Participant executes this Agreement electronically, for the avoidance of  doubt the Participant acknowledges and agrees that the Participant’s execution of this Agreement  electronically (through an on-line system established and maintained by the Company or a third party  designated by the Company, or otherwise) shall have the same binding legal effect as would execution of  this Agreement in paper form.  The Participant acknowledges that upon request of the Company the  Participant shall also provide an executed, paper form of this Agreement.  (b) If the Participant executes this Agreement in paper form, for the avoidance of  doubt the parties acknowledge and agree that it is their intent that any agreement previously or  subsequently entered into between the parties that is executed electronically shall have the same binding  legal effect as if such agreement were executed in paper form.  (c) If Participant executes this Agreement multiple times (for example, if the  Participant first executes this Agreement in electronic form and subsequently executes this Agreement in  paper form), the Participant acknowledges and agrees that (i) no matter how many versions of this  Agreement are executed and in whatever medium, this Agreement only evidences a single Award relating  to the number of RSUs set forth in the Grant Notice and (ii) this Agreement shall be effective as of the  earliest execution of this Agreement by the parties, whether in paper form or electronically, and the  subsequent execution of this Agreement in the same or a different medium shall in no way impair the  binding legal effect of this Agreement as of the time of original execution.  (d) The Company may, in its sole discretion, decide to deliver by electronic means  any documents related to the RSUs, to participation in the Plan, or to future awards granted under the  Plan, or otherwise required to be delivered to the Participant pursuant to the Plan or under applicable law,  





 






    6  including but not limited to, the Plan, this Agreement, the Plan prospectus and any reports of the  Company generally provided to shareholders.  Such means of electronic delivery may include, but do not  necessarily include, the delivery of a link to the Company’s intranet or the internet site of a third party  involved in administering the Plan, the delivery of documents via electronic mail (“e-mail”) or such other  means of electronic delivery specified by the Company.  By executing this Agreement, the Participant  hereby consents to receive such documents by electronic delivery.  At the Participant’s written request to  the Secretary of the Company, the Company shall provide a paper copy of any document at no cost to the  Participant.      13. Data Privacy.  The Company is located at 2200 Pennsylvania Avenue, NW, Suite 800W,  Washington, D.C., 20037, United States of America and grants RSUs under the Plan to employees and  directors of the Company and its Subsidiaries in its sole discretion. In conjunction with the Company’s  grant of the RSUs under the Plan and its ongoing administration of such awards, the Company is  providing the following information about its data collection, processing and transfer practices  (“Personal Data Activities”). In accepting the grant of the RSUs, the Participant expressly and  explicitly consents to the Personal Data Activities as described herein.    (a) Data Collection, Processing and Usage. The Company collects, processes and uses the  Participant's Personal Information, including the Participant’s name, home address, email address,  and telephone number, date of birth, social insurance/passport number or other identification number  (e.g. resident registration number), salary, citizenship, job title, any Shares or directorships held in the  Company, and details of all RSUs or any other equity compensation awards granted, canceled,  exercised, vested, or outstanding in the Participant’s favor, which the Company receives from the  Participant or the Employer (“Personal Information”). In granting the RSUs under the Plan, the  Company will collect the Participant's Personal Information for purposes of allocating Shares and  implementing, administering and managing the Plan. The Company’s legal basis for the collection,  processing and usage of the Participant's Personal Information is the Participant’s consent.    (b) Stock Plan Administration Service Provider. The Company transfers the Participant's  Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in  the United States, which assists the Company with the implementation, administration and  management of the Plan (the “Stock Plan Administrator”).  In the future, the Company may select a  different Stock Plan Administrator and share the Participant's Personal Information with another  company that serves in a similar manner.  The Stock Plan Administrator will open an account for the  Participant to receive and trade Shares acquired under the Plan.  The Participant will be asked to  agree on separate terms and data processing practices with the Stock Plan Administrator, which is a  condition to the Participant’s ability to participate in the Plan.    (c) International Data Transfers. The Company and the Stock Plan Administrator are  based in the United States.  The Participant should note that the Participant’s country of residence may  have enacted data privacy laws that are different from the United States. The Company’s legal basis for  the transfer of the Participant's Personal Information to the United States is the Participant’s consent.    (d) Voluntariness and Consequences of Consent Denial or Withdrawal. The Participant’s  participation in the Plan and the Participant’s grant of consent is purely voluntary. The Participant  may deny or withdraw the Participant’s consent at any time. If the Participant does not consent, or if  the Participant later withdraws the Participant’s consent, the Participant may be unable to participate  in the Plan.  This would not affect the Participant’s existing employment or salary; instead, the  Participant merely may forfeit the opportunities associated with the Plan.    





 






    7  (e) Data Subjects Rights. The Participant may have a number of rights under the data  privacy laws in the Participant’s country of residence. For example, the Participant’s rights may  include the right to (i) request access or copies of personal data the Company processes, (ii) request  rectification of incorrect data, (iii) request deletion of data, (iv) place restrictions on processing, (v)  lodge complaints with competent authorities in the Participant’s country of residence, and/or (vi)  request a list with the names and addresses of any potential recipients of the Participant's Personal  Information.  To receive clarification regarding the Participant’s rights or to exercise the Participant’s  rights, the Participant should contact the Company's human resources department.  14. Waiver of Right to Jury Trial.  EACH PARTY, TO THE FULLEST EXTENT PERMITTED  BY LAW, WAIVES ANY RIGHT OR EXPECTATION AGAINST THE OTHER TO TRIAL OR  ADJUDICATION BY A JURY OF ANY CLAIM, CAUSE OR ACTION ARISING WITH RESPECT  TO THE RSUS OR HEREUNDER, OR THE RIGHTS, DUTIES OR LIABILITIES CREATED  HEREBY.    15. Agreement Severable.  In the event that any provision of this Agreement shall be held invalid  or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not  be construed to have any effect on, the remaining provisions of this Agreement.  16. Governing Law and Venue. The laws of the State of Delaware (other than its choice of law  provisions) shall govern this Agreement and its interpretation.  For purposes of litigating any dispute that  arises with respect to the RSUs, this Agreement or the Plan, the parties hereby submit to and consent to  the jurisdiction of the State of Delaware, and agree that such litigation shall be conducted in the courts of  New Castle County, or the United States Federal court for the District of Delaware, and no other courts;  and waive, to the fullest extent permitted by law, any objection that the laying of the venue of any legal or  equitable proceedings related to, concerning or arising from such dispute which is brought in any such  court is improper or that such proceedings have been brought in an inconvenient forum.  Any claim under  the Plan, this Agreement or RSUs must be commenced by the Participant within twelve (12) months of  the earliest date on which the Participant’s claim first arises, or the Participant’s cause of action accrues,  or such claim will be deemed waived by the Participant.    17. Nature of RSUs.  In accepting the RSUs, the Participant acknowledges and agrees that:   (a) the Plan is established voluntarily by the Company, it is discretionary in nature  and may be modified, amended, suspended or terminated by the Company at any time, to the extent  permitted by the Plan;   (b) the award of RSUs is exceptional, voluntary and occasional and does not create  any contractual or other right to receive future awards of RSUs, benefits in lieu of RSUs or other equity  awards, even if RSUs have been awarded repeatedly in the past;   (c) all decisions with respect to future equity awards, if any, shall be at the sole  discretion of the Company;   (d) Participant’s participation in the Plan is voluntary;   (e) the award of RSUs and any Shares acquired under the Plan, and the income from  and value of same, are not intended to replace or supplement any pension rights or compensation;   (f) the future value of the underlying Shares is unknown and cannot be predicted  with certainty;  





 






    8   (g) the value of the Shares acquired upon vesting/settlement of the RSUs may  increase or decrease in value;   (h) in consideration of the award of RSUs, no claim or entitlement to compensation  or damages shall arise from termination of the RSUs or from any diminution in value of the RSUs or the  Shares upon vesting of the RSUs resulting from termination of the Participant’s continuous service with  the Company or any Subsidiary (for any reason whatsoever and whether or not in breach of applicable  labor laws of the jurisdiction where the Participant is employed or the terms of the Participant’s  employment agreement, if any) and in consideration of the grant of the RSUs, the Participant agrees not  to institute any claim against the Company or any Subsidiary; if, notwithstanding the foregoing, any such  claim is found by a court of competent jurisdiction to have arisen, then, by signing the  Agreement/electronically accepting the Agreement, Participant shall be deemed to have irrevocably  waived the Participant’s entitlement to pursue or seek remedy for any such claim;   (i) neither the Company, nor any other Eligible Subsidiary shall be liable for any  foreign exchange rate fluctuation between the Participant's local currency and the United States Dollar  that may affect the value of the RSUs or of any amounts due to the Participant pursuant to the settlement  of the RSUs or the subsequent sale of any Shares acquired upon vesting; and   (j)  unless otherwise agreed with the Company in writing, the RSUs, the underlying  Shares and the income from and value of same are not granted as consideration for, or in connection with,  any service Participant may provide as a director of a Subsidiary or affiliate.  18. Severability.  The provisions of this Agreement are severable and if any one or more  provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining  provisions shall nevertheless be binding and enforceable.  19. Waiver. Participant acknowledges that a waiver by the Company of breach of any provision  of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement,  or of any subsequent breach by Participant or any other participant.  20. Insider Trading/Market Abuse Laws.  By accepting the RSUs, the Participant acknowledges  that the Participant is bound by all the terms and conditions of any Company insider trading policy as  may be in effect from time to time.  The Participant further acknowledges that, depending on the  Participant's country, the Participant may be or may become subject to insider trading restrictions and/or  market abuse laws, which may affect the Participant’s ability to accept, acquire, sell or otherwise dispose  of Shares,  rights to Shares (e.g., RSUs) or rights linked to the value of Shares under the Plan during such  times as the Participant is considered to have “inside information” regarding the Company (as defined by  the laws in the applicable jurisdictions).  Local insider trading laws and regulations may prohibit the  cancellation or amendment of orders the Participant placed before the Participant possessed inside  information.  Furthermore, the Participant could be prohibited from (i) disclosing the inside information  to any third party, which may include fellow employees and (ii) “tipping” third parties or causing them  otherwise to buy or sell securities.  Any restrictions under these laws or regulations are separate from and  in addition to any restrictions that may be imposed under any Company insider trading policy  as may be  in effect from time to time.  The Participant acknowledges that it is the Participant’s personal  responsibility to comply with any applicable restrictions, and the Participant should speak to the  Participant’s personal advisor on this matter.  21. Legal and Tax Compliance; Cooperation.  If the Participant resides or is employed outside of  the United States, the Participant agrees, as a condition of the grant of the RSUs, to repatriate all  payments attributable to the Shares and/or cash acquired under the Plan (including, but not limited to,  





 






    9  dividends and any proceeds derived from the sale of Shares acquired pursuant to the RSUs) if required by  and in accordance with local foreign exchange rules and regulations in the Participant 's country of  residence (and country of employment, if different).  In addition, the Participant also agrees to take any  and all actions, and consent to any and all actions taken by the Company and its Eligible Subsidiaries, as  may be required to allow the Company and its Eligible Subsidiaries to comply with local laws, rules and  regulations in the Participant's country of residence (and country of employment, if different).  Finally,  the Participant agrees to take any and all actions as may be required to comply with the Participant's  personal legal and tax obligations under local laws, rules and regulations in the Participant 's country of  residence (and country of employment, if different).  22. Private Offering.  The grant of the RSUs is not intended to be a public offering of securities  in the Participant's country of residence (and country of employment, if different).  The Company has not  submitted any registration statement, prospectus or other filing with the local securities authorities with  respect to the grant of the RSUs (unless otherwise required under local law).  No employee of the  Company is permitted to advise the Participant on whether the Participant should acquire Shares  under the Plan or provide the Participant with any legal, tax or financial advice with respect to the  grant of the RSUs. Investment in Shares involves a degree of risk.  Before deciding to acquire  Shares pursuant to the RSUs, the Participant should carefully consider all risk factors and tax  considerations relevant to the acquisition of Shares under the Plan or the disposition of them.   Further, the Participant should carefully review all of the materials related to the RSUs and the  Plan, and the Participant should consult with the Participant's personal legal, tax and financial  advisors for professional advice in relation to the Participant's personal circumstances.  23. Foreign Asset/Account Reporting Requirements and Exchange Controls.  The Participant's  country may have certain foreign asset/ account reporting requirements and exchange controls which may  affect the Participant's ability to acquire or hold Shares under the Plan or cash received from participating  in the Plan (including any dividends paid on Shares, sale proceeds resulting from the sale of Shares  acquired under the Plan) in a brokerage or bank account outside the Participant's country.  The Participant  may be required to report such accounts, assets, or transactions to the tax or other authorities in the  Participant's country.  The Participant may be required to repatriate sale proceeds or other funds received  as a result of the Participant's participation in the Plan to the Participant's country through a designated  bank or broker within a certain time after receipt.  The Participant acknowledges that it is the Participant's  responsibility to be compliant with such regulations and the Participant should consult the Participant’s  personal legal advisor for any details.     24.  Imposition of Other Requirements.  The Company reserves the right to impose other  requirements on the Participant's participation in the Plan, on the RSUs and on any Shares subject to the  RSUs, to the extent the Company determines it is necessary or advisable for legal or administrative  reasons and provided the imposition of the term or condition will not result in any adverse accounting  expense to the Company, and to require the Participant to sign any additional agreements or undertakings  that may be necessary to accomplish the foregoing.    25.  Recoupment.  The RSUs granted pursuant to this Agreement are subject to the terms of the  Danaher Corporation Recoupment Policy in the form approved by the Committee from time to time  (including any successor thereto, the “Policy”) if and to the extent such Policy by its terms applies to the  RSUs, and to the terms required by applicable law; and the terms of the Policy and such applicable law  are incorporated by reference herein and made a part hereof.  For purposes of the foregoing, the  Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant's  behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold the  Participant's Shares and other amounts acquired pursuant to the Participant's RSUs, to re-convey, transfer  or otherwise return such Shares and/or other amounts to the Company upon the Company's enforcement  





 






    10  of the Policy.  To the extent that the Agreement and the Policy conflict, the terms of the Policy shall  prevail.  26.  Notices.  The Company may, directly or through its third party stock plan administrator,  endeavor to provide certain notices to the Participant regarding certain events relating to awards that the  Participant may have received or may in the future receive under the Plan, such as  notices reminding the  Participant of the vesting or expiration date of certain awards.  The Participant acknowledges and agrees  that (1) the Company has no obligation (whether pursuant to this Agreement or otherwise) to provide any  such notices; (2) to the extent the Company does provide any such notices to the Participant the Company  does not thereby assume any obligation to provide any such notices or other notices; and (3) the  Company, its Subsidiaries and the third party stock plan administrator have no liability for, and the  Participant has no right whatsoever (whether pursuant to this Agreement or otherwise) to make any claim  against the Company, any of its Subsidiaries or the third party stock plan administrator based on any  allegations of, damages or harm suffered by the Participant as a result of the Company’s failure to provide  any such notices or the Participant’s failure to receive any such notices.  The Participant further agrees to  notify the Company upon any change in the Participant’s residence address.    27. Limitations on Liability.  Notwithstanding any other provisions of the Plan or this  Agreement, no individual acting as a director, employee, or agent of the Company or any of its  Subsidiaries will be liable to the Participant or the Participant’s spouse, beneficiary, or any other person  or entity for any claim, loss, liability, or expense incurred in connection with the Plan, nor will such  individual be personally liable because of any contract or other instrument the Participant executes in  such other capacity. No member of the Board or of the Committee will be liable for any action or  determination (including, but limited to, any decision not to act) made in good faith with respect to the  Plan or any RSUs.      28.  Consent and Agreement With Respect to Plans.  The Participant (a) acknowledges that  the Plan and the prospectus relating thereto are available to the Participant on the website  maintained by the Stock Plan Administrator; (b) represents that the Participant has read and is  familiar with the terms and provisions thereof, has had an opportunity to obtain the advice of  counsel of the Participant’s choice prior to executing this Agreement and fully understands all  provisions of the Agreement and the Plan; (c) accepts these RSUs subject to all of the terms and  provisions thereof; (d) consents and agrees to all amendments that have been made to the Plan  since it was adopted in 2007 (and for the avoidance of doubt consents and agrees to each amended  term reflected in the Plan as in effect on the date of this Agreement), and consents and agrees that  all options and restricted stock units, if any, held by the Participant that were previously granted  under the Plan as it has existed from time to time are now governed by the Plan as in effect on the  date of this Agreement (except to the extent the Committee has expressly provided that a particular  Plan amendment does not apply retroactively); and (e) agrees to accept as binding, conclusive and  final all decisions or interpretations of the Committee upon any questions arising under the Plan or  this Agreement.     





 






    11     [If the Agreement is signed in paper form, complete and execute the following:]  PARTICIPANT  DANAHER CORPORATION           Signature  Signature         Print Name  Print Name            Title      Residence Address    Declaration of Data Privacy Consent.  By providing the additional signature below, the  undersigned explicitly declares the Participant’s consent to the data processing operations  described in Section 13 of this Agreement.  This includes, without limitation, the transfer of the  Participant's Personal Information to, and the processing of such data by, the Company or as the  case may be, the Stock Plan Administrator in the United States.  The undersigned may withdraw  the Participant’s consent at any time, with future effect and for any or no reason as described in  Section 13 of this Agreement.    PARTICIPANT          Signature