Document:

EX-10.7

 Exhibit 10.7 

FORM OF REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT, dated as of [●], 2020 (this “Agreement”), is by and between Vontier Corporation, a
Delaware corporation (“Vontier”), and Fortive Corporation, a Delaware corporation (“Fortive”). 
 WHEREAS,
Fortive currently owns all of the issued and outstanding shares of common stock, par value $0.0001 per share, of Vontier (“Vontier Common Stock”); 

WHEREAS, Fortive intends for an offer and sale to the public of shares of Vontier Common Stock (the “IPO”) to take place
pursuant to a registration statement on Form S-1 (the “IPO Registration Statement”); 

WHEREAS, after the IPO, Fortive may transfer shares of Vontier Common Stock to holders of shares of Fortive’s common stock by means of
one or more distributions, by Fortive to holders of shares of Fortive’s common stock, of shares of Vontier Common Stock, one or more offers to holders of Fortive’s common stock to exchange their shares of Fortive common stock for shares of
Vontier Common Stock, or any combination thereof (the “Distribution”); 
 WHEREAS, from time to time, Fortive may sell or
offer to sell some or all of the outstanding shares of Vontier Common Stock then owned directly or indirectly by Fortive, in one or more transactions Registered under the Securities Act (as such terms are defined below); and 

WHEREAS, Vontier desires to grant to Fortive the Registration Rights (as defined below) for the Registrable Securities (as defined below),
subject to the terms and conditions of this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises,
covenants and agreements of the parties hereto, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 
 1.1
Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 
 “Action” means
any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any federal, state, local, foreign or international Governmental Authority or any arbitration or mediation tribunal. 

 “Affiliate” shall mean, when used with respect to a specified Person,
another Person that controls, is controlled by, or is under common control with the Person specified; provided, however, that, for purposes of this Agreement, Vontier and its Subsidiaries shall not be considered to be
“Affiliates” of Fortive and its Subsidiaries (other than Vontier and its Subsidiaries), and Fortive and its Subsidiaries (other than Vontier and its Subsidiaries) shall not be considered to be “Affiliates” of Vontier or its
Subsidiaries. As used herein, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the ownership of voting securities or
other interests, by contract or otherwise. 
 “Agreement” has the meaning set forth in the preamble to this Agreement. 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which banking institutions doing business in
New York, New York are authorized or obligated by law or required by executive order to be closed. 
 “Convertible or Exchange
Registration” has the meaning set forth in Section 2.7. 
 “Demand Registration” has the
meaning set forth in Section 2.1(a). 
 “Distribution” has the meaning set forth in the recitals
to this Agreement. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and any successor thereto,
and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “Fortive”
has the meaning set forth in the preamble to this Agreement and shall include its successors, by merger, acquisition, reorganization or otherwise. 

“Governmental Authority” means any nation or government, any state, municipality or other political subdivision thereof, and
any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign or multinational, exercising executive, legislative, judicial, regulatory, administrative or
other similar functions of, or pertaining to, government and any executive official thereof. 
 “Holder” shall mean Fortive
or any of its Subsidiaries, so long as such Person holds any Registrable Securities, and any Person owning Registrable Securities who is a permitted transferee of rights under Section 3.3. 

“Initiating Holder” has the meaning set forth in Section 2.1(a). 

“IPO” has the meaning set forth in the recitals to this Agreement. 

“IPO Registration Statement” has the meaning set forth in the recitals to this Agreement. 

“Loss” or “Losses” has the meaning set forth in Section 2.9(a). 

“Person” means any individual, firm, limited liability company or partnership, joint venture, corporation, joint stock
company, trust or unincorporated organization, incorporated or unincorporated association, government (or any department, agency or political subdivision thereof) or other entity of any kind, and shall include any successor (by merger or otherwise)
of such entity. 

  
 2 

 “Piggyback Registration” has the meaning set forth in
Section 2.2(a). 
 “Prospectus” means the prospectus included in any Registration Statement, all
amendments and supplements to such prospectus, including post-effective amendments, and all other material incorporated by reference in such prospectus. 

“Registrable Securities” means any Shares and any securities issued or issuable directly or indirectly with respect to, in
exchange for, upon the conversion of or in replacement of the Shares, whether by way of a dividend or distribution or stock split or in connection with a combination of shares, recapitalization, merger, consolidation, exchange or other
reorganization. The term “Registrable Securities” excludes any security (i) the sale of which has been effectively Registered under the Securities Act and which has been disposed of in accordance with a Registration Statement,
(ii) that has been sold or disposed of pursuant to Rule 144 (or any successor provision) under the Securities Act, (iii) that may be sold pursuant to Rule 144 (or any successor provision) under the Securities Act without being subject to
the volume limitations in subsection (e) of such rule or (iv) that has been sold by a Holder in a transaction in which such Holder’s rights under this Agreement are not, or cannot be, assigned. 

“Registration” means a registration with the SEC of the offer and sale to the public of any Vontier Common Stock under a
Registration Statement. The terms “Register,” “Registered” and “Registering” shall have a correlative meaning. 

“Registration Expenses” shall mean all expenses incident to Vontier’s performance of or compliance with this Agreement,
including all (i) registration, qualification and filing fees; (ii) expenses incurred in connection with the preparation, printing and filing under the Securities Act of the Registration Statement, any Prospectus and any issuer free
writing prospectus and the distribution thereof; (iii) the fees and expenses of Vontier’s counsel and independent accountants; (iv) the reasonable fees and expenses of not more than one firm of attorneys acting as legal counsel for
all of the Holders in the relevant Registration and sale; (v) the fees and expenses incurred in connection with the registration or qualification and determination of eligibility for investment of the Shares under the state or foreign
securities or blue sky laws and the preparation, printing and distribution of a Blue Sky Memorandum (including the related fees and expenses of counsel); (vi) the costs and charges of any transfer agent and any registrar; (vii) all expenses and
application fees incurred in connection with any filing with, and clearance of an offering by, Financial Industry Regulatory Authority, Inc.; (viii) expenses incurred in connection with any “road show” presentation to potential investors;
(ix) printing expenses, messenger, telephone and delivery expenses; (x) internal expenses of Vontier (including all salaries and expenses of employees of Vontier performing legal or accounting duties); and (xi) fees and expenses of
listing any Registrable Securities on any securities exchange on which shares of Vontier Common Stock are then listed; but excluding any internal expenses of the Holder, any underwriting discounts or commissions attributable to the sale of any
Registrable Securities and any stock transfer taxes. 
 “Registration Period” has the meaning set forth in
Section 2.1(c). 

  
 3 

 “Registration Rights” shall mean the rights of the Holders to cause Vontier
to Register Registrable Securities pursuant to this Agreement. 
 “Registration Statement” means any registration statement
of Vontier filed with, or to be filed with, the SEC under the rules and regulations promulgated under the Securities Act, including the related Prospectus, amendments and supplements to such registration statement, including post-effective
amendments, and all exhibits and all material incorporated by reference in such registration statement. 
 “Registration
Suspension” has the meaning set forth in Section 2.1(d). 
 “SEC” has the meaning set
forth in the recitals to this Agreement. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended, and any
successor thereto, and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 

“Shares” means all shares of Vontier Common Stock that are beneficially owned by Fortive or any permitted transferee from
time to time, whether or not held immediately following the IPO. 
 “Shelf Registration” means a Registration Statement of
Vontier for an offering to be made on a delayed or continuous basis of Vontier Common Stock pursuant to Rule 415 under the Securities Act (or similar provisions then in effect). 

“Subsidiary” shall mean, with respect to any Person, any corporation, limited liability company, joint venture or partnership
of which such Person (i) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (A) the total combined voting power of all classes of voting securities of such Person, (B) the total combined equity
interests or (C) the capital or profit interests, in the case of a partnership, or (ii) otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board of directors or similar
governing body. 
 “Takedown Notice” has the meaning set forth in Section 2.1(g). 

“Underwritten Offering” means a Registration in which securities of Vontier are sold to an underwriter or underwriters on a
firm commitment basis for reoffering to the public. 
 “Vontier” has the meaning set forth in the preamble to this
Agreement and shall include its successors, by merger, acquisition, reorganization or otherwise. 
 “Vontier Common Stock”
has the meaning set forth in the recitals to this Agreement. 
 “Vontier Notice” has the meaning set forth in
Section 2.1(a). 
 “Vontier Public Sale” has the meaning set forth in
Section 2.2(a). 
 “Vontier Takedown Notice” has the meaning set forth in
Section 2.1(g). 

  
 4 

 1.2 General Interpretive Principles. Whenever used in this Agreement, except as
otherwise expressly provided or unless the context otherwise requires, any noun or pronoun shall be deemed to include the plural as well as the singular and to cover all genders. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” Unless otherwise specified, the terms “hereof,” “herein,” “hereunder” and similar terms
refer to this Agreement as a whole (including the exhibits hereto), and references herein to Articles and Sections refer to Articles and Sections of this Agreement. Except as otherwise indicated, all periods of time referred to herein shall include
all Saturdays, Sundays and holidays; provided, however, that if the date to perform the act or give any notice with respect to this Agreement shall fall on a day other than a Business Day, such act or notice may be performed or given timely if
performed or given on the next succeeding Business Day. References to a Person are also to its permitted successors and assigns. The parties have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of
this Agreement. 
 ARTICLE II 

REGISTRATION RIGHTS 

2.1 Registration. 
 (a)
Request. Any Holder(s) of Registrable Securities (collectively, the “Initiating Holder”) shall have the right to request that Vontier file a Registration Statement with the SEC on the appropriate registration form for all or
part of the Registrable Securities held by such Holder once such Registrable Securities are no longer subject to the underwriter lock-up applicable to the IPO (which may be due to the expiration or waiver of
such lock-up with respect to such Registrable Securities) by delivering a written request to Vontier specifying the number of shares of Registrable Securities such Holder wishes to Register (a “Demand
Registration”). Vontier shall (i) within five (5) days of the receipt of such request, give written notice of such Demand Registration to all Holders of Registrable Securities (the “Vontier Notice”), (ii) use its
reasonable best efforts to file a Registration Statement in respect of such Demand Registration within thirty (30) days of receipt of the request, and (iii) use its reasonable best efforts to cause such Registration Statement to become
effective as expeditiously as possible. Vontier shall include in such Registration all Registrable Securities that the Holders request to be included within the ten (10) days following their receipt of the Vontier Notice. 

(b) Limitations of Demand Registrations. There shall be no limitation on the number of Demand Registrations pursuant to
Section 2.1(a); provided, however, that the Holders may not require Vontier to effect a Demand Registration (i) in violation of the underwriting agreement entered into in connection with the IPO or
(ii) within sixty (60) days after the effective date of a previous registration by Vontier, other than a Shelf Registration, effected pursuant to this Section 2.1 (it being understood that the IPO Registration Statement shall not be
treated as a Demand Registration). In the event that any Person shall have received rights to Demand Registrations pursuant to Section 2.7 or Section 3.3, and such Person shall have made a Demand
Registration request, such request shall be treated as having been made by 

  
 5 

 
the Holder(s). The Registrable Securities requested to be Registered pursuant to Section 2.1(a) must represent (i) an aggregate offering price of Registrable
Securities that is reasonably expected to equal at least $10,000,000 (or its equivalent if the Registrable Securities are to be offered in an exchange offer) or (ii) all of the remaining Registrable Securities owned by the requesting Holder and
its Affiliates. 
 (c) Effective Registration. Vontier shall be deemed to have effected a Registration for purposes of
Section 2.1(b) if the Registration Statement is declared effective by the SEC or becomes effective upon filing with the SEC, and remains effective until the earlier of (i) the date when all Registrable Securities
thereunder have been sold and (ii) ninety (90) days from the effective date of the Registration Statement (the “Registration Period”). No Registration shall be deemed to have been effective if the conditions to closing
specified in the underwriting agreement, if any, entered into in connection with such Registration are not satisfied by reason of Vontier. If, during the Registration Period, such Registration is interfered with by any Registration Suspension, stop
order, injunction or other order or requirement of the SEC or other Governmental Agency, the Registration Period shall be extended on a day-for-day basis for any period
the Holder is unable to complete an offering as a result of such Registration Suspension, stop order, injunction or other order or requirement of the SEC or other Governmental Agency. 

(d) Delay in Filing; Suspension of Registration. If the filing, initial effectiveness or continued use of a Registration Statement
would, as reasonably determined in good faith by Vontier, require the disclosure of material non-public information that Vontier has a bona fide business purpose to keep confidential and the disclosure of
which would have a material adverse effect on any active proposal by Vontier or any of its Subsidiaries to engage in any material acquisition, merger, consolidation, tender offer, other business combination, reorganization or other similar material
transaction, Vontier may, upon giving prompt written notice of such action to the Holders, postpone the filing or effectiveness of such Registration (a “Registration Suspension”) for a period not to exceed thirty (30) days;
provided, however, that Vontier may exercise a Registration Suspension no more than two (2) times in any twelve (12)-month period. Notwithstanding the foregoing, no such delay shall exceed such number of days that Vontier
determines in good faith to be reasonably necessary. Vontier shall (i) immediately notify the Holders upon the termination of any Registration Suspension, (ii) amend or supplement the Prospectus, if necessary, so it does not contain any
untrue statement or omission therein and (iii) furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. 

(e) Underwritten Offering. If the Initiating Holder so indicates at the time of its request pursuant to
Section 2.1(a), such offering of Registrable Securities shall be in the form of an Underwritten Offering and Vontier shall include such information in the Vontier Notice. In the event that the Initiating Holder intends to
distribute the Registrable Securities by means of an Underwritten Offering, the right of any Holder to include Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in such underwriting and the
inclusion of such Holder’s Registrable Securities in the underwriting. 

  
 6 

 (f) Priority of Securities in an Underwritten Offering. If the managing underwriter
or underwriters of a proposed Underwritten Offering, including an Underwritten Offering from a Shelf Registration, pursuant to this Section 2.1 informs the Holders with Registrable Securities in the proposed Underwritten
Offering in writing that, in its or their opinion, the number of securities requested to be included in such Underwritten Offering exceeds the number that can be sold in such Underwritten Offering without being likely to have an adverse effect on
the price, timing or distribution of the securities offered or the market for the securities offered, then the securities to be included in such Underwritten Offering shall be reduced to such number that can be sold without such adverse effect and
the securities to be included in such Underwritten Offering shall be: (i) first, Registrable Securities requested by Fortive to be included in such Underwritten Offering; (ii) second, Registrable Securities requested by all other Holders
to be included in such Underwritten Offering on a pro rata basis calculated based on the number of shares requested to be registered; and (iii) third, all other securities requested and otherwise eligible to be included in such Underwritten
Offering (including securities to be sold for the account of Vontier) on a pro rata basis calculated based on the number of shares requested to be registered. 

(g) Shelf Registration. At any time after the date hereof when Vontier is eligible to Register the applicable Registrable Securities on
Form S-3 (or a successor form) and the Holder may request Demand Registrations, the requesting Holders may request Vontier to effect a Demand Registration as a Shelf Registration. There shall be no limitations
on the number of Underwritten Offerings pursuant to a Shelf Registration. Any Holder of Registrable Securities included on a Shelf Registration shall have the right to request that Vontier cooperate in a shelf takedown at any time, including an
Underwritten Offering, by delivering a written request thereof to Vontier specifying the number of shares of Registrable Securities such Holder wishes to include in the shelf takedown (“Takedown Notice”). Vontier shall
(i) within five (5) days of the receipt of a Takedown Notice for an Underwritten Offering, give written notice of such Takedown Notice to all Holders of Registrable Securities included on such Shelf Registration (“Vontier Takedown
Notice”), and (ii) take all actions reasonably requested by such Holder, including the filing of a Prospectus supplement and the other actions described in Section 2.4, in accordance with the intended method
of distribution set forth in the Takedown Notice as expeditiously as possible. If the takedown is an Underwritten Offering, Vontier shall include in such Underwritten Offering all Registrable Securities that that the Holders request to be included
within the two (2) days following their receipt of the Vontier Takedown Notice. If the takedown is an Underwritten Offering, the Registrable Securities requested to be included in a shelf takedown must represent (i) an aggregate offering
price of Registrable Securities that is reasonably expected to equal at least $10,000,000 or (ii) all of the remaining Registrable Securities owned by the requesting Holder and its Affiliates. Notwithstanding anything else to the contrary in
this Agreement, the requirement to deliver a Takedown Notice and the piggyback rights described in this Section 2.1(g) shall not apply to an Underwritten Offering that constitutes a block trade. 

(h) SEC Form. Except as set forth in the next sentence, Vontier shall use its reasonable best efforts to cause Demand Registrations to
be Registered on Form S-3 (or any successor form), and if Vontier is not then eligible under the Securities Act to use Form S-3, Demand Registrations shall be Registered
on Form S-1 (or any successor form) or Form S-4 (in the case of an exchange offer). If a Demand Registration is a Convertible or Exchange Registration, Vontier shall
effect such Registration on the appropriate Form under the Securities Act for such Registrations. Vontier shall use its reasonable best efforts to become eligible to use 

  
 7 

 
Form S-3 and, after becoming eligible to use Form S-3, shall use its reasonable best efforts to remain so eligible.
All Demand Registrations shall comply with applicable requirements of the Securities Act and, together with each Prospectus included, filed or otherwise furnished by Vontier in connection therewith, shall not contain any untrue statement of material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 
 2.2
Piggyback Registrations. 
 (a) Participation. If Vontier proposes to file a Registration Statement under the Securities Act
with respect to any offering of Vontier Common Stock for its own account and/or for the account of any other Persons (other than a Registration (i) under Section 2.1 hereof, (ii) pursuant to a Registration
Statement on Form S-8 or Form S-4 or similar form that relates to a transaction subject to Rule 145 under the Securities Act, (iii) pursuant to any form that does
not include substantially the same information as would be required to be included in a Registration Statement covering the sale of Registrable Securities, (iv) in connection with any dividend reinvestment or similar plan, (v) for the sole
purpose of offering securities to another entity or its security holders in connection with the acquisition of assets or securities of such entity or any similar transaction or (vi) in which the only Vontier Common Stock being Registered is
Vontier Common Stock issuable upon conversion of debt securities that are also being Registered) (an “Vontier Public Sale”), then, as soon as practicable (but in no event less than fifteen (15) days prior to the proposed date
of filing such Registration Statement), Vontier shall give written notice of such proposed filing to each Holder, and such notice shall offer such Holders the opportunity to Register under such Registration Statement such number of Registrable
Securities as each such Holder may request in writing (a “Piggyback Registration”). Subject to Section 2.2(a) and Section 2.2(c), Vontier shall include in such Registration
Statement all such Registrable Securities that are requested to be included therein within fifteen (15) days after the receipt of any such notice; provided, however, that if, at any time after giving written notice of its
intention to Register any securities and prior to the effective date of the Registration Statement filed in connection with such Registration, Vontier shall determine for any reason not to Register or to delay Registration of such securities,
Vontier may, at its election, give written notice of such determination to each such Holder and, thereupon, (i) in the case of a determination not to Register, shall be relieved of its obligation to Register any Registrable Securities in
connection with such Registration, without prejudice, however, to the rights of any Holder to request that such Registration be effected as a Demand Registration under Section 2.1, and (ii) in the case of a
determination to delay Registration, shall be permitted to delay Registering any Registrable Securities for the same period as the delay in Registering such other shares of Vontier Common Stock. No Registration effected under this
Section 2.2 shall relieve Vontier of its obligation to effect any Demand Registration under Section 2.1. If the offering pursuant to a Registration Statement pursuant to this
Section 2.2 is to be an Underwritten Offering, then each Holder making a request for a Piggyback Registration pursuant to this Section 2.2(a) shall, and Vontier shall use reasonable best efforts to
coordinate arrangements with the underwriters so that each such Holder may, participate in such Underwritten Offering. If the offering pursuant to such Registration Statement is to be on any other basis, then each Holder making a request for a
Piggyback Registration pursuant to this Section 2.2(a) shall, and Vontier shall use reasonable best efforts to coordinate arrangements so that each such Holder may, participate in such offering on such basis. Vontier’s
filing of a Shelf Registration shall not 

  
 8 

 
be deemed to be an Vontier Public Sale; provided, however, that the proposal to file any Prospectus supplement filed pursuant to a Shelf Registration with respect to an offering of Vontier Common
Stock for its own account and/or for the account of any other Persons will be an Vontier Public Sale unless such offering qualifies for an exemption from the Vontier Public Sale definition in this Section 2.2(a);
provided, further that if Vontier files a Shelf Registration for its own account and/or for the account of any other Persons, Vontier agrees that it shall use its reasonable best efforts to include in such Registration Statement such
disclosures as may be required by Rule 430B under the Securities Act in order to ensure that the Holders may be added to such Shelf Registration at a later time through the filing of a Prospectus supplement rather than a post-effective amendment.

 (b) Right to Withdraw. Each Holder shall have the right to withdraw such Holder’s request for inclusion of its Registrable
Securities in any Underwritten Offering pursuant to this Section 2.2 at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to Vontier of such Holder’s request to
withdraw and, subject to the preceding clause, each Holder shall be permitted to withdraw all or part of such Holder’s Registrable Securities from a Piggyback Registration at any time prior to the effective date thereof. 

(c) Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed Underwritten Offering of a class of
Registrable Securities included in a Piggyback Registration informs Vontier and the Holders in writing that, in its or their opinion, the number of securities of such class which such Holder and any other Persons intend to include in such
Underwritten Offering exceeds the number which can be sold in such Underwritten Offering without being likely to have an adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the
securities to be included in such Underwritten Offering shall be reduced to such number that can be sold without such adverse effect and the securities to be included in the Underwritten Offering shall be (i) first, all securities of Vontier or
any other Persons for whom Vontier is effecting the Underwritten Offering, as the case may be, proposes to sell; (ii) second, Registrable Securities requested by Fortive to be included in such Underwritten Offering; (iii) third,
Registrable Securities requested by all other Holders to be included in such Underwritten Offering on a pro rata basis calculated based on the number of shares requested to be registered; and (iv) fourth, all other securities requested and
otherwise eligible to be included in such Underwritten Offering (including securities to be sold for the account of Vontier) on a pro rata basis calculated based on the number of shares requested to be registered. 

2.3 Selection of Underwriter(s), Etc. In any Underwritten Offering pursuant to Section 2.1 or
Section 2.2 that is not an Vontier Public Sale, Fortive, in the event Fortive is participating, or the Holders of a majority of the outstanding Registrable Securities being included in the Underwritten Offering, in the
event Fortive is not participating, shall select the underwriter(s), financial printer, solicitation and/or exchange agent (if any) and Holder’s counsel for such Underwritten Offering. In any Vontier Public Sale, Vontier shall select the
underwriter(s), financial printer, solicitation and/or exchange agent (if any) and Fortive, in the event Fortive is participating, or the Holders of a majority of the outstanding Registrable Securities being included in the Vontier Public Sale, in
the event Fortive is not participating, shall select counsel to the Holder(s). 

  
 9 

 2.4 Registration Procedures. 

(a) In connection with the Registration and/or sale of Registrable Securities pursuant to this Agreement, through an Underwritten Offering or
otherwise, Vontier shall use reasonable best efforts to effect or cause the Registration and the sale of such Registrable Securities in accordance with the intended methods of disposition thereof and: 

(i) prepare and file the required Registration Statement including all exhibits and financial statements required under the
Securities Act to be filed therewith, and before filing with the SEC a Registration Statement or Prospectus, or any amendments or supplements thereto, (A) furnish to the underwriters, if any, and to the Holders, copies of all documents prepared
to be filed, which documents will be subject to the review of such underwriters and such Holders and their respective counsel, and (B) not file with the SEC any Registration Statement or Prospectus or amendments or supplements thereto to which
Holders or the underwriters, if any, shall reasonably object; 
 (ii) except in the case of a Shelf Registration or
Convertible or Exchange Registration, prepare and file with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and
to comply with the provisions of the Securities Act with respect to the disposition of all of the Shares Registered thereon until the earlier of (A) such time as all of such Shares have been disposed of in accordance with the intended methods
of disposition set forth in such Registration Statement or (B) the expiration of nine (9) months after such Registration Statement becomes effective, plus the number of days of any Registration Suspension; 

(iii) in the case of a Shelf Registration, prepare and file with the SEC such amendments and supplements to such Registration
Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Shares subject thereto for a
period ending thirty-six (36) months after the effective date of such Registration Statement; 

(iv) in the case of a Convertible or Exchange Registration, prepare and file with the SEC such amendments and supplements to
such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all of the
Shares subject thereto until such time as the rules, regulations and requirements of the Securities Act and the terms of any applicable convertible securities no longer require such Shares to be Registered under the Securities Act; 

(v) notify the participating Holders and the managing underwriter or underwriters, if any, and (if requested) confirm such
advice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by Vontier (A) when the applicable Registration Statement or any amendment thereto has been filed or becomes
effective, when the applicable Prospectus 

  
 10 

 
or any amendment or supplement to such Prospectus has been filed, (B) of any written comments by the SEC or any request by the SEC or any other Governmental Authority for amendments or
supplements to such Registration Statement or such Prospectus or for additional information, (C) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or any order preventing or suspending the
use of any preliminary or final Prospectus or the initiation or threatening of any proceedings for such purposes, (D) if, at any time, the representations and warranties of Vontier in any applicable underwriting agreement cease to be true and
correct in all material respects, and (E) of the receipt by Vontier of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening
of any proceeding for such purpose; 
 (vi) subject to Section 2.1(d), promptly notify each
selling Holder and the managing underwriter or underwriters, if any, when Vontier becomes aware of the occurrence of any event as a result of which the applicable Registration Statement or the Prospectus included in such Registration Statement (as
then in effect) contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein (in the case of such Prospectus and any preliminary Prospectus, in light of the circumstances under which
they were made) not misleading or, if for any other reason it shall be necessary during such time period to amend or supplement such Registration Statement or Prospectus in order to comply with the Securities Act and, in either case as promptly as
reasonably practicable thereafter, prepare and file with the SEC, and furnish without charge to the selling Holder and the managing underwriter or underwriters, if any, an amendment or supplement to such Registration Statement or Prospectus which
will correct such statement or omission or effect such compliance; 
 (vii) use its reasonable best efforts to prevent or
obtain the withdrawal of any stop order or other order suspending the use of any preliminary or final Prospectus; 
 (viii)
promptly incorporate in a Prospectus supplement or post-effective amendment such information as the managing underwriters, if any, and the Holders may reasonably request in order to permit the intended method of distribution of the Registrable
Securities; and make all required filings of such Prospectus supplement or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment;

 (ix) furnish to each selling Holder and each underwriter, if any, without charge, as many conformed copies as such Holder
or underwriter may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits
(including those incorporated by reference); 

  
 11 

 (x) deliver to each selling Holder and each underwriter, if any, without
charge, as many copies of the applicable Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto as such Holder or underwriter may reasonably request (it being understood that Vontier consents to the use of such
Prospectus or any amendment or supplement thereto by each selling Holder and the underwriters, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto) and such
other documents as such selling Holder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities by such Holder or underwriter; 

(xi) on or prior to the date on which the applicable Registration Statement is declared effective or becomes effective, use
its reasonable best efforts to register or qualify, and cooperate with each selling Holder, the managing underwriter or underwriters, if any, and their respective counsel, in connection with the registration or qualification of such Registrable
Securities for offer and sale under the securities or “Blue Sky” laws of each state and other jurisdiction of the United States as any selling Holder or managing underwriter or underwriters, if any, or their respective counsel
reasonably request in writing and do any and all other acts or things reasonably necessary or advisable to keep such registration or qualification in effect for so long as such Registration Statement remains in effect and so as to permit the
continuance of sales and dealings in such jurisdictions of the United States for so long as may be necessary to complete the distribution of the Registrable Securities covered by the Registration Statement; provided that Vontier will not be required
to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to taxation or general service of process in any such jurisdiction where it is not then so subject; 

(xii) in connection with any sale of Registrable Securities that will result in such securities no longer being Registrable
Securities, cooperate with each selling Holder and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive
Securities Act legends; and to register such Registrable Securities in such denominations and such names as such selling Holder or the underwriter(s), if any, may request at least two (2) Business Days prior to such sale of Registrable
Securities; provided that Vontier may satisfy its obligations hereunder without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System; 

(xiii) cooperate and assist in any filings required to be made with the Financial Industry Regulatory Authority and each
securities exchange, if any, on which any of Vontier’s securities are then listed or quoted and on each inter-dealer quotation system on which any of Vontier’s securities are then quoted, and in the performance of any due diligence
investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of each such exchange, and use its reasonable best efforts to cause the
Registrable Securities covered by the applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or
underwriters, if any, to consummate the disposition of such Registrable Securities; 

  
 12 

 (xiv) not later than the effective date of the applicable Registration
Statement, provide a CUSIP number for all Registrable Securities and provide the applicable transfer agent with printed certificates for the Registrable Securities which are in a form eligible for deposit with The Depository Trust Company;
provided that Vontier may satisfy its obligations hereunder without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System; 

(xv) obtain for delivery to and addressed to each selling Holder and to the underwriter or underwriters, if any, opinions from
outside counsel and the general counsel for Vontier, in each case dated the effective date of the Registration Statement or, in the event of an Underwritten Offering, the date of the closing under the underwriting agreement, and in each such case in
customary form and content for the type of Underwritten Offering; 
 (xvi) in the case of an Underwritten Offering, obtain
for delivery to and addressed to Vontier and the underwriter or underwriters and, to the extent requested, each selling Holder, a comfort letter from Vontier’s or other applicable independent certified public accountants in customary form and
content for the type of Underwritten Offering, dated the date of execution of the underwriting agreement and brought down to the closing under the underwriting agreement; 

(xvii) use its reasonable best efforts to comply with all applicable rules and regulations of the SEC and make generally
available to its security holders, as soon as reasonably practicable, but no later than ninety (90) days after the end of the twelve (12)-month period beginning with the first day of Vontier’s first quarter commencing after the effective
date of the applicable Registration Statement, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder and covering the period of at least twelve
(12) months, but not more than eighteen (18) months, beginning with the first month after the effective date of the Registration Statement; 

(xviii) provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by the
applicable Registration Statement from and after a date not later than the effective date of such Registration Statement; 

(xix) cause all Registrable Securities covered by the applicable Registration Statement to be listed on each securities
exchange on which any of Vontier’s securities are then listed or quoted and on each inter-dealer quotation system on which any of Vontier’s securities are then quoted; 

(xx) provide (A) each Holder participating in the Registration, (B) the underwriters (which term, for purposes of
this Agreement, shall include a Person deemed to be an underwriter within the meaning of Section 2(11) of the Securities Act), if any, of the Registrable Securities to be Registered, (C) the sale or placement agent therefor, if any,
(D) counsel for such underwriters or agent, and (E) any attorney, accountant or other agent or representative retained by such Holder or any such underwriter, as selected by such Holder, the opportunity to participate in the preparation

  
 13 

 
of such Registration Statement, each Prospectus included therein or filed with the SEC, and each amendment or supplement thereto, and to require the insertion therein of material, furnished to
Vontier in writing, which in the reasonable judgment of such Holder(s) and their counsel should be included; and for a reasonable period prior to the filing of such Registration Statement, upon receipt of such confidentiality agreements as Vontier
may reasonably request, make available upon reasonable notice at reasonable times and for reasonable periods for inspection by the parties referred to in (A) through (E) above, all pertinent financial and other records, pertinent corporate
documents and properties of Vontier that are available to Vontier, and cause all of Vontier’s officers, directors and employees and the independent public accountants who have certified its financial statements to make themselves available at
reasonable times and for reasonable periods to discuss the business of Vontier and to supply all information available to Vontier reasonably requested by any such Person in connection with such Registration Statement as shall be necessary to enable
them to exercise their due diligence responsibility, subject to the foregoing; 
 (xxi) to cause the executive officers of
Vontier to participate in customary “road show” presentations that may be reasonably requested by the managing underwriter or underwriters in any Underwritten Offering and otherwise to facilitate, cooperate with, and participate in each
proposed offering contemplated herein and customary selling efforts related thereto; and 
 (xxii) take all other customary
steps reasonably necessary to effect the Registration, offering and sale of the Registrable Securities. 
 (b) As a condition precedent to
any Registration hereunder, Vontier may require each Holder as to which any Registration is being effected to furnish to Vontier such information regarding the distribution of such securities and such other information relating to such Holder, its
ownership of Registrable Securities and other matters as Vontier may from time to time reasonably request in writing. Each such Holder agrees to furnish such information to Vontier and to cooperate with Vontier as reasonably necessary to enable
Vontier to comply with the provisions of this Agreement. 
 (c) Fortive agrees, and any other Holder agrees by acquisition of such
Registrable Securities, that, upon receipt of any written notice from Vontier of the occurrence of any event of the kind described in Section 2.4(a)(vi), such Holder will forthwith discontinue disposition of Registrable
Securities pursuant to such Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 2.4(a)(vi), or until such Holder is advised in writing by
Vontier that the use of the Prospectus may be resumed, and if so directed by Vontier, such Holder will deliver to Vontier (at Vontier’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the
Prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event Vontier shall give any such notice, the period during which the applicable Registration Statement is required to be maintained effective
shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller of Registrable Securities covered by such Registration Statement either receives the copies
of the supplemented or amended Prospectus contemplated by Section 2.4(a)(vi) or is advised in writing by Vontier that the use of the Prospectus may be resumed. 

  
 14 

 2.5 Holdback Agreements. To the extent requested in writing by the managing
underwriter or underwriters of any Underwritten Offering, Vontier agrees not to, and shall exercise reasonable best efforts to obtain agreements (in the underwriters’ customary form) from its directors, executive officers and beneficial owners
of five percent (5%) or more of Vontier Common Stock not to, directly or indirectly offer, sell, pledge, contract to sell (including any short sale), grant any option to purchase or otherwise dispose of any equity securities of Vontier or enter into
any hedging transaction relating to any equity securities of Vontier during the ninety (90) days beginning on pricing date of such Underwritten Offering (except as part of such Underwritten Offering or any Distribution or pursuant to
registrations on Form S-8 or S-4 or any successor forms thereto) unless the managing underwriter or underwriters otherwise agree to a shorter period. 

2.6 Underwriting Agreement in Underwritten Offerings. If requested by the managing underwriters for any Underwritten Offering, Vontier
shall enter into an underwriting agreement with such underwriters for such offering; provided, however, that no Holder shall be required to make any representations or warranties to Vontier or the underwriters (other than representations and
warranties regarding such Holder and such Holder’s intended method of distribution) or to undertake any indemnification obligations to Vontier or the underwriters with respect thereto, except as otherwise provided in
Section 2.9 hereof. 
 2.7 Convertible or Exchange Registration. If any Holder of Registrable Securities
offers any options, rights, warrants or other securities issued by it or any other Person that are offered with, convertible into or exercisable or exchangeable for any Registrable Securities, the Registrable Securities underlying such options,
rights, warrants or other securities shall be eligible for Registration pursuant to Section 2.1 and Section 2.2 hereof (a “Convertible or Exchange Registration”). 

2.8 Registration Expenses Paid By Vontier. In the case of any Registration of Registrable Securities required pursuant to this Agreement
(including any Registration that is delayed or withdrawn) or proposed Underwritten Offering pursuant to this Agreement, Vontier shall pay all Registration Expenses regardless of whether the Registration Statement becomes effective or the
Underwritten Offering is completed. 
 2.9 Indemnification. 

(a) Indemnification by Vontier. Vontier agrees to indemnify and hold harmless, to the full extent permitted by law, each Holder, such
Holder’s Affiliates and their respective officers, directors, employees, advisors, and agents and each Person who controls (within the meaning of the Securities Act or the Exchange Act) such Persons from and against any and all losses, claims,
damages, liabilities (or actions in respect thereof, whether or not such indemnified party is a party thereto) and expenses, joint or several (including reasonable costs of investigation and legal expenses) (each, a “Loss” and
collectively “Losses”) arising out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was Registered under

  
 15 

 
the Securities Act (including any final or preliminary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein), or any such
statement made in any free writing prospectus (as defined in Rule 405 under the Securities Act) that Vontier has filed or is required to file pursuant to Rule 433(d) under the Securities Act, or (ii) any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary Prospectus or free writing prospectus, in light of the circumstances under which they were made) not
misleading; provided, however, that Vontier shall not be liable to any particular indemnified party in any such case to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or
omission or alleged omission made in any such Registration Statement in reliance upon and in conformity with written information furnished to Vontier by such indemnified party expressly for use in the preparation thereof. This indemnity shall be in
addition to any liability Vontier may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any indemnified party and shall survive the transfer of such securities
by such Holder. 
 (b) Indemnification by the Selling Holder. Each selling Holder agrees (severally and not jointly) to indemnify and
hold harmless, to the full extent permitted by law, Vontier, its directors, officers, employees, advisors, and agents and each Person who controls Vontier (within the meaning of the Securities Act and the Exchange Act) from and against any Losses
arising out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was Registered under the Securities Act (including any final
or preliminary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein), or any such statement made in any free writing prospectus that Vontier has filed or is required to file
pursuant to Rule 433(d) under the Securities Act, or (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary
Prospectus or free writing prospectus, in light of the circumstances under which they were made) not misleading to the extent, but, in each case (i) or (ii), only to the extent, that such untrue statement or omission is contained in any
information furnished in writing by such selling Holder to Vontier specifically for inclusion in such Registration Statement, Prospectus, preliminary Prospectus or free writing prospectus. In no event shall the liability of any selling Holder
hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder under the sale of the Registrable Securities giving rise to such indemnification obligation. This indemnity shall be in addition to any liability the
selling Holder may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of Vontier or any indemnified party. 

(c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder will (i) give prompt written notice
to the indemnifying party of any claim with respect to which it seeks indemnification (provided that any delay or failure to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent
that it is materially prejudiced by reason of such delay or failure) and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however,
that any Person entitled to indemnification hereunder shall have the right to select and employ separate counsel and to 

  
 16 

 
participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (i) the indemnifying party has agreed in writing to pay such
fees or expenses, (ii) the indemnifying party shall have failed to assume the defense of such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder and employ counsel
reasonably satisfactory to such Person, (iii) the indemnified party has reasonably concluded (based on advice of counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to
those available to the indemnifying party, or (iv) in the reasonable judgment of any such Person, based upon advice of its counsel, a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in
which case, if the Person notifies the indemnifying party in writing that such Person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on
behalf of such Person). If such defense is not assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its consent, but such consent may not be unreasonably withheld, conditioned
or delayed. If the indemnifying party assumes the defense, the indemnifying party shall not have the right to settle such action without the consent of the indemnified party, which consent may not be unreasonably withheld, conditioned or delayed. No
indemnifying party shall consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of an unconditional release from all
liability in respect to such claim or litigation. It is understood that the indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements
and other charges of more than one separate firm admitted to practice in such jurisdiction at any one time from all such indemnified party or parties unless (x) the employment of more than one counsel has been authorized in writing by the
indemnified party or parties, (y) an indemnified party has reasonably concluded (based on advice of counsel) that there may be legal defenses available to it that are different from or in addition to those available to the other indemnified
parties or (z) a conflict or potential conflict exists or may exist (based on advice of counsel to an indemnified party) between such indemnified party and the other indemnified parties, in each of which cases the indemnifying party shall be
obligated to pay the reasonable fees and expenses of such additional counsel or counsels. 
 (d) Contribution. If for any reason the
indemnification provided for in Section 2.9(a) or Section 2.9(b) is unavailable to an indemnified party or insufficient to hold it harmless as contemplated by
Section 2.9(a) or Section 2.9(b), then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such Loss in such proportion as is appropriate
to reflect the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such untrue statement or omission. Notwithstanding anything in this Section 2.9(d) to the contrary, no indemnifying party (other than Vontier) shall be required pursuant to this
Section 2.9(d) to contribute any amount in excess of the amount by which the net proceeds received by such indemnifying party from the sale of Registrable Securities in the offering to which the Losses of the indemnified
parties relate 

  
 17 

 
(before deducting expenses, if any) exceeds the amount of any damages which such indemnifying party has otherwise been required to pay by reason of such untrue statement or omission. The parties
hereto agree that it would not be just and equitable if contribution pursuant to this Section 2.9(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable
considerations referred to in this Section 2.9(d). No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was
not guilty of such fraudulent misrepresentation. The amount paid or payable by an indemnified party hereunder shall be deemed to include, for purposes of this Section 2.9(d), any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating, preparing to defend or defending against or appearing as a third party witness in respect of, or otherwise incurred in connection with, any such loss, claim, damage, expense, liability,
action, investigation or proceeding. If indemnification is available under this Section 2.9, the indemnifying parties shall indemnify each indemnified party to the full extent provided in
Section 2.9(a) and Section 2.9(b) hereof without regard to the relative fault of said indemnifying parties or indemnified party. 

2.10 Reporting Requirements; Rule 144. Vontier shall be and remain in compliance with the periodic filing requirements imposed under the
SEC’s rules and regulations, including the Exchange Act, and any other applicable laws or rules, and shall timely file such information, documents and reports as the SEC may require or prescribe under Section 13 or 15(d) (whichever is
applicable) of the Exchange Act. If Vontier is not required to file such reports, it will, upon the request of any Holder, make publicly available such necessary information for so long as necessary to permit sales pursuant to Rule 144 or Regulation
S under the Securities Act, and it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Registrable Securities without Registration under the Securities Act
within the limitation of the exemptions provided by (a) Rule 144 or Regulation S under the Securities Act, as such Rules may be amended from time to time, or (b) any rule or regulation hereafter adopted by the SEC. From and after the date
hereof through the first anniversary of the date upon which no Holder owns any Registrable Securities, Vontier shall forthwith upon request furnish any Holder (i) a written statement by Vontier as to whether it has complied with such
requirements and, if not, the specifics thereof, (ii) a copy of the most recent annual or quarterly report of Vontier, and (iii) such other reports and documents filed by Vontier with the SEC as such Holder may reasonably request in
availing itself of an exemption for the sale of Registrable Securities without registration under the Securities Act. 
 2.11 Other
Registration Rights. Vontier shall not grant to any Persons the right to request Vontier to Register any equity securities of Vontier, or any securities convertible or exchangeable into or exercisable for such securities, whether pursuant to
“demand,” “piggyback,” or other rights, unless such rights are subject and subordinate to the rights of the Holders under this Agreement. 

  
 18 

 ARTICLE III 

MISCELLANEOUS 
 3.1
Term. This Agreement shall terminate upon such time as there are no Registrable Securities, except for the provisions of Section 2.8 and Section 2.9 and all of this Article III, which shall
survive any such termination. 
 3.2 Notices. All notices, requests, claims, demands and other communications under this Agreement
shall be in English, shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, or by facsimile with receipt confirmed (followed by delivery
of an original via overnight courier service) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 3.2): 

To Fortive: 
 Fortive
Corporation 
 6920 Seaway Blvd. 

Everett, WA 98203 
 Attn:
General Counsel 
 Facsimile: (425) 446-5007 

To Vontier: 
 Vontier
Corporation 
 5420 Wade Park Boulevard, Suite 206 

Raleigh, NC 27606 
 Facsimile:
[                ] 
 3.3 Successors, Assigns and
Transferees. The provisions of this Agreement and the obligations and rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the parties and their respective successors and permitted assigns. Vontier
may assign this Agreement at any time in connection with a sale or acquisition of Vontier, whether by merger, consolidation, sale of all or substantially all of Vontier’s assets, or similar transaction, without the consent of the Holders;
provided that the successor or acquiring Person agrees in writing to assume all of Vontier’s rights and obligations under this Agreement. A Holder may assign its rights and obligations under this Agreement to any transferee that acquires at
least five percent (5%) of the number of Registrable Securities beneficially owned by Fortive immediately following the completion of the IPO and executes an agreement to be bound hereby in the form attached hereto as Exhibit A, an executed
counterpart of which shall be furnished to Vontier. Notwithstanding the foregoing, if such transfer is subject to covenants, agreements or other undertakings restricting transferability thereof, the Registration Rights shall not be transferred in
connection with such transfer unless such transferee complies with all such covenants, agreements and other undertaking. 

  
 19 

 3.4 GOVERNING LAW; NO JURY TRIAL. 

(a) This Agreement and any dispute arising out of, in connection with or relating to this Agreement shall be governed by and construed in
accordance with the Laws of the State of Delaware, without giving effect to the conflicts of laws principles thereof. 
 (b) In the event of
a controversy, dispute or Action arising out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity or breach of this Agreement or otherwise arising out of, or in any way related to, this Agreement or the
transactions contemplated hereby, including any Action based on contract, tort, statute or constitution (collectively, “Disputes”), the general counsels of the parties (or such other individuals designated by the respective general
counsels) and/or the executive officers designated by the parties shall negotiate for a reasonable period of time to settle such Dispute; provided, that such reasonable period shall not, unless otherwise agreed by the parties in writing,
exceed sixty (60) days (the “Negotiation Period”) from the time of receipt by a party of written notice of such Dispute (“Dispute Notice”) and settlement of such Dispute pursuant to this
Section 3.4 shall be confidential, and no written or oral statements or offers made by the parties during such settlement negotiations shall be admissible for any purpose in any subsequent proceedings, including any
arbitration proceeding pursuant to Section 3.4(c); provided further, that in the event of any arbitration in accordance with Section 3.4(c) hereof, the parties shall not assert the
defenses of statute of limitations and laches arising during the period beginning after the date of receipt of the Dispute Notice, and any contractual time period or deadline under this Agreement to which such Dispute relates occurring after the
Dispute Notice is received shall not be deemed to have passed until such Dispute has been resolved. 
 (c) If the Dispute has not been
resolved for any reason after the Negotiation Period, such Dispute shall be submitted to final and binding arbitration administered in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”)
then in effect (the “Rules”), except as modified herein. 
 (i) The arbitration shall be conducted by a
three-member arbitral tribunal (the “Arbitral Tribunal”). The claimant shall nominate one arbitrator in accordance with the Rules, and the respondent shall nominate one arbitrator in accordance with the Rules within twenty-one days (21) after the appointment of the first arbitrator. The third arbitrator, who shall serve as chair of the Arbitral Tribunal, shall be jointly nominated by the two party-nominated arbitrators
within twenty-one (21) days of the confirmation of the appointment of the second arbitrator. If any arbitrator is not appointed within the time limit provided herein, such arbitrator shall be appointed by
the AAA in accordance with the listing, striking and ranking procedure in the Rules. 
 (ii) The arbitration shall be held,
and the award shall be rendered, in New York, New York, in the English language. 
 (iii) For the avoidance of doubt, by
submitting their dispute to arbitration under the Rules, the parties expressly agree that all issues of arbitrability, including all issues concerning the propriety and timeliness of the commencement of the arbitration (including any defense based
on a statute of limitation, if applicable), the jurisdiction of the Arbitral Tribunal, and the procedural conditions for arbitration, shall be finally and solely determined by the Arbitral Tribunal. 

  
 20 

 (iv) Without derogating from Section 3.4(c)(v)
below, the Arbitral Tribunal shall have the full authority to grant any pre-arbitral injunction, pre-arbitral attachment, interim or conservatory measure or other order
in aid of arbitration proceedings (“Interim Relief”). The parties shall exclusively submit any application for Interim Relief to only: (A) the Arbitral Tribunal; or (B) prior to the constitution of the Arbitral Tribunal,
an Emergency Arbitrator appointed in the manner provided for in the Rules. Any Interim Relief so issued shall, to the extent permitted by applicable law, be deemed a final arbitration award for purposes of enforceability, and, moreover, shall also
be deemed a term and condition of this Agreement subject to specific performance in Section 3.5 below. The foregoing procedures shall constitute the exclusive means of seeking Interim Relief, provided, however, that
(i) the Arbitral Tribunal shall have the power to continue, review, vacate or modify any Interim Relief granted by an Emergency Arbitrator; (ii) in the event an Emergency Arbitrator or the Arbitral Tribunal issues an order granting,
denying or otherwise addressing Interim Relief (a “Decision on Interim Relief”), any party may apply to enforce or require specific performance of such Decision on Interim Relief in any court of competent jurisdiction; and
(iii) either party shall retain the right to apply for freezing orders to prevent the improper dissipation of transfer of assets to a court of competent jurisdiction. 

(v) The Arbitral Tribunal shall have the power to grant any remedy or relief that it deems just and equitable and that is in
accordance with the terms of this Agreement, including specific performance and temporary or final injunctive relief, provided, however, that the Arbitral Tribunal shall have no authority or power to limit, expand, alter, amend,
modify, revoke or suspend any condition or provision of this Agreement, nor any right or power to award punitive, exemplary or treble damages. 

(vi) The Arbitral Tribunal shall have the power to allocate the costs and fees of the arbitration, including reasonable
attorneys’ fees and costs as well as those costs and fees addressed in the Rules, between the parties in the manner it deems fit. 

(vii) Arbitration under this Section 3.4 shall be the sole and exclusive remedy for any Dispute, and
any award rendered thereby shall be final and binding upon the parties as from the date rendered. Judgment on the award rendered by the Arbitral Tribunal may be entered in any court having jurisdiction thereof, including any court having
jurisdiction over the relevant Party or its Assets. 
 3.5 Specific Performance. In the event of any actual or threatened default in,
or breach of, any of the terms, conditions and provisions of this Agreement, the parties agree that the party or parties to this Agreement who are or are to be thereby aggrieved shall, subject and pursuant to the terms of this
Section 3.5 (including for the avoidance of doubt, after compliance with all notice and negotiation provisions herein), have the right to specific performance and injunctive or other equitable relief of its or their rights
under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be 

  
 21 

 
cumulative. The parties agree that the remedies at law for any breach or threatened breach of this Agreement, including monetary damages, are inadequate compensation for any loss, that any
defense in any action for specific performance that a remedy at law would be adequate is hereby waived, and that any requirements for the securing or posting of any bond with such remedy are hereby waived. 

3.6 Headings. The article, section and paragraph headings contained in this Agreement are inserted for the convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 3.7 Severability. In the event
any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions. 
 3.8 Amendment; Waiver. 

(a) This Agreement may not be amended or modified and waivers and consents to departures from the provisions hereof may not be given, except
by an instrument or instruments in writing making specific reference to this Agreement and signed by Vontier and the Holders of a majority of the Registrable Securities; provided that if Fortive or any of its Affiliates owns Registrable Securities,
no amendment to or waiver of any provision in this Agreement will be effected without the written consent of Fortive if such amendment or waiver adversely affects the rights of Fortive or such Affiliates of Fortive. 

(b) No failure to exercise and no delay in exercising, on the part of any party, any right, remedy, power or privilege hereunder shall operate
as a waiver hereof or thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 3.9 Further Assurances. In addition to and without limiting the actions specifically provided for elsewhere in this Agreement and
subject to the limitations expressly set forth in this Agreement each of the parties shall cooperate with each other and use (and shall cause its respective Subsidiaries and Affiliates to use) commercially reasonable efforts to take, or to cause to
be taken, all actions, and to do, or to cause to be done, all things reasonably necessary on its part under applicable law or contractual obligations to consummate and make effective the transactions contemplated by this Agreement. 

3.10 Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. Execution of this Agreement or any other documents pursuant to this Agreement by facsimile or other
electronic copy of a signature shall be deemed to be, and shall have the same effect as, executed by an original signature. 
 [The
remainder of page intentionally left blank. Signature page follows.] 

  
 22 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first written above. 
  

			
	FORTIVE CORPORATION
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	VONTIER CORPORATION
		
	By:	 	
                     
    

		 	Name:
		 	Title:

 [Signature Page to Registration Rights Agreement] 

 EXHIBIT A 

THIS INSTRUMENT forms part of the Registration Rights Agreement (the “Agreement”), dated as of [●], 2020, by and among
Vontier Corporation, a Delaware corporation (“Vontier”), and Fortive Corporation, a Delaware corporation (“Fortive”). The undersigned hereby acknowledges having received a copy of the Agreement and having read the
Agreement in its entirety, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, hereby agrees that the terms and conditions of the Agreement binding upon and inuring
to the benefit of Fortive shall be binding upon and inure to the benefit of the undersigned and its successors and permitted assigns as if it were an original party to the Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this instrument on this day of ___________________. 

 

	
	  
 (Signature of
Transferee)

	
	  

	Print NameEX-10.8

 Exhibit 10.8 

FORM OF 
 VONTIER
CORPORATION 
 2020 STOCK INCENTIVE PLAN 
  

	1.	 Purpose of the Plan. Vontier Corporation, a Delaware corporation, wishes to recruit and retain key
Employees, Directors and Consultants and to motivate them to contribute to the growth and profitability of the Company. To further these objectives, the Company established the Vontier Corporation 2020 Stock Incentive Plan. Under the Plan, the
Company may make grants of Options, Stock Appreciation Rights, Restricted Stock Grants, Restricted Stock Units, Other Stock-Based Awards and Conversion Awards. The Company may also make direct grants of Common Stock in the form of Restricted Stock
Grants to Participants as a bonus or other incentive or grant such stock in lieu of Company obligations to pay cash under other plans or compensatory arrangements, including any deferred compensation plans. 

 

	2.	 Definitions. As used herein, the following definitions shall apply: 

“Administrator” means the Compensation Committee of the Board, unless the Board specifies another committee or the Board
elects to act in such capacity. 
 “Award” means an award of Options, Stock Appreciation Rights, Restricted Stock Grants,
Restricted Stock Units, Other Stock-Based Awards or Conversion Awards (each as defined below). 
 “Award Agreement” means
any written agreement, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with
the Plan. 
 “Board” means the Board of Directors of the Company. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time and the regulations issued with respect
thereof. 
 “Committee” means the Compensation Committee of the Board. 

“Common Stock” means the common stock of the Company. 

“Company” means Vontier Corporation, a Delaware corporation. 

“Company IPO” shall have the meaning set forth in Section 11 of the Plan. 

“Consultant” means any person engaged as a consultant or advisor of the Company or an Eligible Subsidiary for whom a Form S-8
Registration Statement is available for the issuance of securities. 
 “Conversion Award” means an Award granted pursuant
to Section 11 of the Plan. 

 “Date of Grant” means the date as of which the Administrator grants an
Award to a person. 
 “Disability” means a Participant, as determined by the Administrator (i) is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than twelve
(12) months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Participant’s employer. 

“Early Retirement” means an employee voluntarily ceases to be an Employee and the Administrator determines (either initially
or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under
any other Company benefit plan. 
 “Eligible Director” (or “Director”) means a non-employee director of
the Company or one of its Eligible Subsidiaries. 
 “Eligible Subsidiary” means each of the Company’s Subsidiaries,
except as the Administrator otherwise specifies. 
 “Employee” means any person employed as an employee of the Company or
an Eligible Subsidiary. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Exercise Price” means, in the case of an Option, the value of the consideration that an Optionee must provide in exchange
for one share of Common Stock. In the case of a SAR, “Exercise Price,” means an amount which is subtracted from the Fair Market Value in determining the amount payable upon exercise of such SAR. 

“Fair Market Value” means, as of any date, the fair market value of a share of Common Stock for purposes of the Plan which
will be determined as follows: 
 (i)     If the Common Stock is traded on the New York Stock Exchange or other national
securities exchange, 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; or 

(ii)     If the Common Stock is not traded on the New York Stock Exchange or other national securities exchange, the Fair
Market Value thereof shall be determined in good faith by the Administrator and in compliance with Code Section 409A. 

“Fortive” shall mean Fortive Corporation, a Delaware corporation. 

“Gross Misconduct” means the Participant has: 

(i)     Committed fraud, misappropriation, embezzlement, willful misconduct or gross negligence with respect to the
Company or any Subsidiary thereof, or any other action in willful disregard of the interests of the Company or any Subsidiary thereof; 

  
 2 

 (ii)     Been convicted of, or pled guilty or no contest to, (i) a
felony, (ii) any misdemeanor (other than a traffic violation) with respect to his/her employment, or (iii) any other crime or activity that would impair his/her ability to perform his/her duties or impair the business reputation of the
Company or any Subsidiary; 
 (iii)     Refused or willfully failed to adequately perform any duties assigned to
him/her; or 
 (iv)     Refused or willfully failed to comply with standards, policies or procedures of the Company or
any Subsidiary thereof, including without limitation the Company’s Standards of Conduct as amended from time to time. 

“Incentive Stock Option” or “ISO” means a stock option intended to qualify as an incentive stock option
within the meaning of Code Section 422. 
 “Normal Retirement” means an employee voluntarily ceases to be an Employee
at or after reaching age sixty-five (65). 
 “Option” means a stock option granted pursuant to Section 6 of the Plan
that is not an ISO, entitling the Optionee to purchase Shares at a specified price. 
 “Optionee” means an Employee,
Consultant, or Director who has been granted an Option under this Plan or, where appropriate, a person authorized to exercise an Option in place of the intended original Optionee. 

“Other Stock-Based Awards” are Awards (other than Options, SARs, RSUs and Restricted Stock Grants) granted under
Section 10 of the Plan that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. 

“Participant” means Optionees and Recipients, collectively. The term “Participant” also includes, where
appropriate, a person authorized to exercise an Option or hold or receive another Award in place of the intended original Optionee or Recipient. 

“Performance Objectives” means one or more objective or subjective performance factors as determined by the Administrator
with respect to each Performance Period. 
 “Performance Period” means a period for which Performance Objectives are set
and during which performance is to be measured to determine whether a Participant is entitled to payment in respect of an Award under the Plan. A Performance Period may coincide with one or more complete or partial calendar or fiscal years of the
Company. Unless otherwise designated by the Administrator, the Performance Period will be based on the calendar year. 

“Plan” means this 2020 Stock Incentive Plan, as amended from time to time. 

  
 3 

 “Recipient” means an Employee, Consultant, or Director who has been granted
an Award other than an Option under this Plan or, where appropriate, a person authorized to hold or receive such an Award in place of the intended original Recipient. 

“Restricted Stock Grant” means a direct grant of Common Stock, as awarded under Section 8 of the Plan. 

“Restricted Stock Unit” or “RSU” means a bookkeeping entry representing an unfunded right to receive (if
conditions are met) one share of Common Stock, as awarded under Section 9 of the Plan. 
 “Retirement” means both
Early Retirement and Normal Retirement, as defined herein. 
 “Section 16 Persons” means those officers, directors or other
persons who are subject to Section 16 of the Exchange Act. 
 “Securities Act” means the U.S. Securities Act of 1933,
as amended. 
 “Separation” means, following the Company IPO, (i) the transfer by Fortive of shares of Common Stock to
holders of shares of common stock of Fortive by means of one or more distributions by Fortive to holders of common stock of Fortive or one or more offers to holders of common stock of Fortive to exchange shares of Fortive common stock for shares of
Common Stock, or any combination thereof or (ii) any other transfer, exchange or other disposition by Fortive of Common Stock in one or more transactions that results in Fortive ceasing to “beneficially own” (within the meaning of
Section 13(d) of the Exchange Act), in the aggregate, a majority of the total voting power of the then outstanding shares of Common Stock with respect to the election of directors of the Board. 

“Stock Appreciation Right” or “SAR” means any right granted under Section 7 of the Plan. 

“Subsidiary” means any corporation, limited liability company, partnership or other entity (other than the Company) in an
unbroken chain beginning with the Company if, at the time an Award is granted to a Participant under the Plan, each of such entities (other than the last entity in the unbroken chain) owns stock or other equity possessing twenty percent
(20%) or more of the total combined voting power of all classes of stock or equity in one of the other entities in such chain. 

“Substantial Corporate Change” has the meaning set forth in Section 17(a) of the Plan. 

 

	3.	 Eligibility. All Employees, Consultants, and Directors are eligible for Awards under this Plan. Eligible
Employees, Consultants, and Directors become Optionees or Recipients when the Administrator grants them, respectively, an Option or one of the other Awards under this Plan. 

  
 4 

	4.	 Administration of the Plan. 

(a)     The Administrator. The Administrator of the Plan is the Compensation Committee of the Board, unless
the Board specifies another committee or the Board elects to act in such capacity. The Administrator is responsible for the general operation and administration of the Plan and for carrying out its provisions and has full discretion in interpreting
and administering the provisions of the Plan. Subject to the express provisions of the Plan, the Administrator may exercise such powers and authority of the Board as the Administrator may find necessary or appropriate to carry out its functions. The
Administrator may delegate its functions to Employees (other than the power to grant awards to Eligible Directors or Section 16 Persons), to the extent permitted under applicable Delaware corporate law. 

(b)     Rule 16b-3 Compliance. Awards to Section 16 Persons shall be made only by either (i) a
Committee (or a subcommittee of the Committee) consisting solely of two or more non-employee Directors or (ii) the Board, in either case in accordance with Rule 16b-3. 

(c)     Powers of the Administrator. The Administrator’s powers will include, but not be limited to,
the power to: construe and interpret the terms of the Plan and Awards granted pursuant to the Plan (including the power to remedy any ambiguity, inconsistency, or omission); amend, waive, or extend any provision or limitation of any Award (except as
limited by the terms of the Plan); in order to fulfill the purposes of the Plan and without amending the Plan, vary the terms of or modify Awards to Participants who are foreign nationals or employed outside of the United States in order to
recognize differences in local law, tax policies or customs; and adopt such procedures as are necessary or appropriate to carry out the foregoing. 

(d)     Granting of Awards. Subject to the terms of the Plan, the Administrator will, in its sole
discretion, determine the Optionees and the Recipients of other Awards and will determine either initially or subsequent to the grant of the relevant Award: 

(i)     the terms of such Awards; 

(ii)     the schedule for exercisability and nonforfeitability, including any requirements that the
Participant or the Company satisfy performance criteria or Performance Objectives, and the acceleration of the exercisability or nonforfeitability of the Awards (for the avoidance of doubt, the Administrator shall have discretion to accelerate the
vesting of all or a portion of any performance-based vesting conditions or Performance Objectives); 

(iii)     the time and conditions for expiration of the Awards; and 

(iv)     the form of payment due upon exercise or grant of Awards. 

Notwithstanding anything to the contrary in this Plan, the Administrator may in its sole discretion reduce or eliminate a Participant’s
unvested Award or Awards if he or she changes classification from a full-time Employee to a part-time Employee. 

(e)     Substitutions. The Administrator may also grant Awards in conversion or replacement of or
substitution for options or other equity awards or interests held by individuals who become Employees of the Company or of an Eligible Subsidiary as a result of the Company’s acquiring or merging with the individual’s employer. If
necessary to conform the  

  
 5 

 
Awards to the awards or interests for which they are substitutes, the Administrator may grant substitute Awards under terms and conditions that vary from those the Plan otherwise requires.
Notwithstanding anything in the foregoing to the contrary, any Award to any Participant who is a U.S. taxpayer will be adjusted appropriately pursuant to Code Section 409A. 

(f)     Effect of Administrator’s Decision. The Administrator’s determinations under the Plan need
not be uniform and need not consider whether actual or potential Participants are similarly situated. All decisions, determinations and interpretations of the Administrator shall be final and binding on all holders of any Award. 

(g)     Minimum Vesting Schedule. Notwithstanding anything to the contrary in this Plan, each Award granted
under this Plan shall be subject to a minimum vesting schedule or performance period, as applicable, of not less than one (1) year; provided, however, that up to five percent (5%) of the shares authorized for grant under this Plan
may be issued without regard to the foregoing minimum vesting period and that, for purposes of Awards granted to Directors, “one (1) year” may mean the period of time from one annual stockholders meeting to the next annual
stockholders meeting as long as such period of time is not less than fifty (50) weeks, and provided, further, that the Administrator may waive the restrictions set forth in this sentence in its sole discretion (i) in the event of
death, Disability, Retirement, a Substantial Corporate Change or as otherwise determined by the Administrator on such terms and conditions as it deems appropriate and (ii) for Awards granted in settlement of an obligation to pay cash under the
Company’s compensatory plans and deferred compensation arrangements. 
  

	5.	 Stock Subject to the Plan. 

(a)     Share Limits; Shares Available. Except as adjusted below in the event of a Substantial Corporate
Change or as provided under Section 16 of the Plan, the aggregate number of shares of Common Stock that may be issued under the Awards (including Conversion Awards) may not exceed [●] ([●]) shares, of which [●] ([●])
shares of Common Stock may be issued pursuant to Awards granted under the Plan prior to the Separation. The Common Stock may come from treasury shares, authorized but unissued shares, or previously issued shares that the Company reacquires,
including shares it purchases on the open market. If any Award (including any Conversion Award) expires, is canceled, or terminates for any other reason, the shares of Common Stock available under that Award will again be available for the granting
of new Awards. Any such returning shares of Common Stock shall be credited to the share reserve set forth above on the same basis as the original Award was debited. Any shares of Common Stock surrendered for the payment of the Exercise Price under
Options or SARs or for withholding taxes, and shares of Common Stock repurchased in the open market with the proceeds of an Option exercise, may not again be made available for issuance under the Plan. Shares of Common Stock issued to convert,
replace or adjust outstanding Options or other equity-compensation awards in connection with a merger or acquisition, as permitted by NYSE Listed Company Manual Section 303A.08 or any successor provision, shall not reduce the number of shares
available for issuance under the Plan. 
 (b)     Director Share Limits. Subject to adjustment as
provided in Section 16 of the Plan, the total value of any Awards granted to such Director in such calendar year (calculating the value of any such Awards based on the grant date fair value of such Awards for the 

  
 6 

 
Company’s financial reporting purposes), when aggregated with such Director’s cash fees with respect to such calendar year, shall not exceed seven hundred fifty thousand dollars
($750,000) in the aggregate. The Administrator may make exceptions to increase such limit to one million dollars ($1,000,000) for individual Directors in extraordinary circumstances, such as where a Director serves as the non-executive chairman of
the Board or as a member of a special litigation or transactions committee of the Board, as the Board may determine in its discretion, provided that the Director receiving such additional compensation may not participate in the decision to award
such compensation involving such Director. 
 (c)     Stockholder Rights; Dividend and Dividend
Equivalent. Except for Restricted Stock Grants, the Participant will have no rights of a stockholder with respect to the shares of Common Stock subject to an Award except to the extent that the Company has issued certificates for, or otherwise
confirmed ownership of, such shares upon the exercise or, as applicable, the grant or nonforfeitability, of an Award. No adjustment will be made for a dividend or other right for which the record date precedes the date of exercise or
nonforfeitability, as applicable. For the sake of clarity, no dividends or “dividend equivalents” corresponding to an Award may be delivered prior to the vesting of such Award. Any dividends or “dividend equivalents” that have
accrued or are credited shall be delivered if and only to the same extent the Award to which such dividend or “dividend equivalent” relates vests. 

(d)     Fractional Shares. The Company will not issue fractional shares of Common Stock pursuant to the
exercise or vesting of an Award. Any fractional share will be rounded up and issued to the Participant in a whole share, except to the extent that such rounding would result in the imposition of any individual tax and penalty interest charges
imposed under Code Section 409A, in which case fractional shares will be rounded down. 
  

	6.	 Terms and Conditions of Options. 

(a)     General. Options granted to Employees, Consultants, and Directors are not intended to qualify as
Incentive Stock Options. Other than as provided under Section 16 of the Plan and except in connection with a merger, acquisition, spinoff, or other similar corporate transaction, the Administrator may not (1) reduce the Exercise Price of
any outstanding Option, (2) cancel and re-grant any outstanding Option under the Plan with a lower exercise price, or (3) cancel underwater options for cash, unless in each case the Company’s stockholders have approved such action.
Subject to the foregoing, the Administrator may set whatever conditions it considers appropriate for the Options, including time-based and/or performance-based vesting conditions. 

(b)     Exercise Price. The Administrator will determine the Exercise Price under each Option and may set
the Exercise Price without regard to the Exercise Price of any other Options granted at the same or any other time. The Exercise Price per share for the Options may not be less than 100% of the Fair Market Value of a share of Common Stock on the
Date of Grant, except in the event of an Option substitution as contemplated by Section 4(e) of the Plan, as provided under Section 16 of the Plan or in connection with the issuance of Conversion Awards. The Company may use the
consideration it receives from the Optionee for general corporate purposes. 

  
 7 

 (c)     Exercisability. The Administrator will determine
the times and conditions for exercise of each Option but may not extend the period for exercise of an Option beyond the tenth anniversary of its Date of Grant. Options will become exercisable at such times and in such manner as the Administrator
determines (either initially or subsequent to the grant of the relevant Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which the Optionee may exercise
any portion of an Option. If the Administrator does not specify otherwise at the Date of Grant, Options for Employees will become exercisable as to one-fifth of the covered shares of Common Stock on each of the first five anniversaries of the Date
of Grant, and Options for Eligible Directors will be exercisable in full as of the Date of Grant. 
 (d)    
Method of Exercise. To exercise any exercisable portion of an Option, the Optionee must: 

(i)     Deliver a written notice of exercise to the Secretary of the Company (or to whomever the
Administrator designates), in a form complying with any rules the Administrator may issue and specifying the number of shares of Common Stock underlying the portion of the Option the Optionee is exercising; 

(ii)     Pay the full Exercise Price by cashier’s or certified check or wire transfer of immediately
available funds for the shares of Common Stock with respect to which the Option is being exercised, unless the Administrator consents to another form of payment (which could include the use of Common Stock); and 

(iii)     Deliver to the Secretary of the Company (or to whomever the Administrator designates) such
representations and documents as the Administrator, in its sole discretion, may consider necessary or advisable. 
 Payment in full of the
Exercise Price need not accompany the written notice of exercise provided the notice directs that the shares of Common Stock issued upon the exercise be delivered, either in certificate form or in book entry form, to a licensed broker acceptable to
the Company as the agent for the individual exercising the Option and at the time the shares are delivered to the broker, either in certificate form or in book entry form, the broker will tender to the Company cash or cash equivalents acceptable to
the Company and equal to the Exercise Price. 
 The Administrator may agree to payment through the tender to the Company of shares of Common
Stock. Shares of Common Stock offered as payment will be valued, for purposes of determining the extent to which the Optionee has paid the Exercise Price, at their Fair Market Value on the date of exercise. 

(e)     Term. No one may exercise an Option more than ten years after its Date of Grant. 

(f)     Automatic Exercise of Certain Expiring Options. Notwithstanding any other provision of this Plan or
any Award Agreement (other than this Section), on the last trading day on which all or a portion of an outstanding Option may be exercised, if as of the close of trading on such day the then Fair Market Value of a share of Common Stock exceeds the
per share Exercise Price of the Option by at least $.01 (such expiring portion of an Option that is so in-the-

  
 8 

 
money, an “Auto-Exercise Eligible Option”), the Optionee shall be deemed to have automatically exercised such Auto-Exercise Eligible Option (to the extent it has not previously
been exercised or forfeited) as of the close of trading in accordance with the provisions of this Section. In the event of an automatic exercise pursuant to this Section, the Company shall reduce the number of shares of Common Stock issued to the
Optionee upon such Optionee’s automatic exercise of the Auto-Exercise Eligible Option in an amount necessary to satisfy (1) the Optionee’s Exercise Price obligation for the Auto-Exercise Eligible Option, and (2) the minimum
applicable Federal, state, local and, if applicable, foreign income and employment tax and social insurance withholding requirements arising upon the automatic exercise (unless the Administrator deems that a different method of satisfying such
withholding obligations is practicable and advisable), in each case based on the Fair Market Value of the Common Stock as of the close of trading on the date of exercise. In accordance with procedures established by the Administrator, an Optionee
may notify the Company’s record-keeper in writing in advance that he or she does not wish for the Auto-Exercise Eligible Option to be exercised. This Section shall not apply to any Option to the extent that the Administrator determines that
this Section causes the Option to fail to qualify for favorable tax treatment under applicable law. In its discretion, the Company may determine to cease automatically exercising Options at any time. 

 

	7.	 Terms and Conditions of Stock Appreciation Rights. 

(a)     General. A SAR represents the right to receive a payment, in cash, shares of Common Stock or both (as
determined by the Administrator), equal to the excess of the Fair Market Value on the date the SAR is exercised over the SAR’s Exercise Price. The Administrator shall be subject to the same limitations on the reduction of an SAR Exercise Price
as is applicable to the reduction of the Exercise Price of an Option under Section 6(a) of the Plan. 

(b)     Exercise Price. The Administrator will establish in its sole discretion the Exercise Price of a SAR
and all other applicable terms and conditions, including time-based and/or performance-based vesting conditions. The Exercise Price for the SAR may not be less than 100% of the Fair Market Value of a share of Common Stock on the Date of Grant,
except in the event of an SAR substitution as contemplated by Section 4(e) of the Plan, as provided under Section 16 of the Plan or in connection with the issuance of any SAR that is granted in tandem with an Option. 

(c)     Exercisability. The Administrator will determine the times and conditions for exercise of each SAR
but may not extend the period for exercise of a SAR beyond the tenth anniversary of its Date of Grant. SARs will become exercisable at such times and in such manner as the Administrator determines (either initially or subsequent to the grant of the
relevant Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which the Participant may exercise any portion of a SAR. If the Administrator does not specify
otherwise, SARs will become exercisable as to one-fifth of the covered shares of Common Stock on each of the first five anniversaries of the Date of Grant. 

(d) Term. No one may exercise a SAR more than ten years after its Date of Grant. 

  
 9 

	8.	 Terms and Conditions of Restricted Stock Grants. 

(a)     General. A Restricted Stock Grant is a direct grant of Common Stock, subject to restrictions and
vesting conditions, including time-based vesting conditions and/or the attainment of performance-based vesting conditions or Performance Objectives, as determined by the Administrator. The Company shall issue the shares to each Recipient of a
Restricted Stock Grant either (i) in certificate form or (ii) in book entry form, registered in the name of the Recipient, with legends or notations, as applicable, referring to the terms, conditions, and restrictions applicable to the
Award; provided that the Company may require that any stock certificates evidencing Restricted Stock Grants be held in the custody of the Company or its agent until the restrictions thereon shall have lapsed, and that, as a condition of any
Restricted Stock Grant, the Participant shall have delivered a stock power, endorsed in blank, relating to the shares of Common Stock covered by such Award. 

(b)     Purchase Price. The Administrator may satisfy any Delaware corporate law requirements regarding
adequate consideration for Restricted Stock Grants by (i) issuing Common Stock held as treasury stock or repurchased on the open market or (ii) charging the Recipients at least the par value for the shares of Common Stock covered by the
Restricted Stock Grant. 
 (c)     Lapse of Restrictions. The shares of Common Stock underlying
such Restricted Stock Grants will become nonforfeitable at such times and in such manner as the Administrator determines (either initially or subsequent to the grant of the relevant Award); provided, however, that the Administrator may, on
such terms and conditions as it determines appropriate, accelerate the time at which restrictions or other conditions on such Restricted Stock Grants will lapse. If the Administrator does not specify otherwise, any time-based vesting restrictions on
Restricted Stock Grants will lapse as to one-half of the covered shares of Common Stock on each of the fourth and fifth anniversaries of the Date of Grant. Unless otherwise specified by the Administrator, any performance-based vesting conditions or
Performance Objectives must be satisfied, if at all, prior to the 10th anniversary of the Date of Grant. 

(d)     Rights as a Stockholder. A Recipient who is awarded a Restricted Stock Grant under the Plan shall
have the same voting, dividend and other rights as the Company’s other stockholders, provided, however, that any dividends paid on the shares of Common Stock underlying such Restricted Stock Grant will be accumulated and delivered if and
only to the same extent as the Restricted Stock Grant vests. After the lapse of the restrictions without forfeiture in respect of the Restricted Stock Grant, the Company shall remove any legends or notations referring to the terms, conditions and
restrictions on such shares of Common Stock and, if certificated, deliver to the Participant the certificate or certificates evidencing the number of such shares of Common Stock. 

 

	9.	 Terms and Conditions of Restricted Stock Units. 

(a)     General. RSUs shall be credited as a bookkeeping entry in the name of the Recipient in an account
maintained by the Company. No shares of Common Stock are actually issued to the Recipient in respect of RSUs on the Date of Grant. Shares of Common Stock shall be issuable to the Recipient only upon the lapse of such restrictions and satisfaction of
such vesting conditions, including time-based vesting conditions and/or the attainment of performance-based vesting conditions or Performance Objectives, as determined by the Administrator. 

  
 10 

 (b)     Purchase Price. The Administrator may satisfy any
Delaware corporate law requirements regarding adequate consideration for RSUs by (i) issuing Common Stock held as treasury stock or repurchased on the open market or (ii) charging the Recipients at least the par value for the shares of
Common Stock covered by the RSUs. 
 (c)     Lapse of Restrictions. RSUs will vest and the underlying shares of
Common Stock will become nonforfeitable at such times and in such manner as the Administrator determines (either initially or subsequent to the grant of the relevant Award); provided, however, that the Administrator may, on such terms and
conditions as it determines appropriate, accelerate the time at which restrictions or other conditions on such RSUs will lapse. If the Administrator does not specify otherwise, any time-based vesting restrictions on RSUs will lapse as to one-half of
the covered shares of Common Stock on each of the fourth and fifth anniversaries of the Date of Grant. Unless otherwise specified by the Administrator, any performance-based vesting conditions or Performance Objectives must be satisfied, if at all,
prior to the 10th anniversary of the Date of Grant. 
 (d)     Rights as a Stockholder. A Recipient who is
awarded RSUs under the Plan shall possess no incidents of ownership with respect to the underlying shares of Common Stock. 
  

	10.	 Terms and Conditions of Other Stock-Based Awards. The Administrator may grant Other Stock-Based Awards
that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. The purchase, exercise, exchange or conversion of Other Stock-Based Awards and all other terms and conditions applicable to such
Awards will be determined by the Administrator in its sole discretion. 

  

	11.	 Converted Fortive Awards. The Company is authorized to issue Awards (“Conversion
Awards”) in connection with the replacement of certain equity-based awards granted by Fortive prior to the Company’s initial public offering (the “Company IPO”) (collectively, the “Fortive Awards”).
Notwithstanding any other provision of the Plan to the contrary, in accordance with a formula for replacement of the Fortive Awards as determined by the Company in a manner consistent with the Separation, the number of shares of Common Stock subject
to a Conversion Award and the exercise price of any Conversion Award that is an Option shall be determined by the Administrator. 

  

	12.	 Termination of Employment. Unless the Administrator determines otherwise (either initially or subsequent
to the grant of the relevant Award), the following rules shall govern the vesting, exercisability and term of outstanding Awards held by a Participant in the event of termination of such Participant’s employment, where termination of employment
means the time when the active employer-employee or other active service- providing relationship between the Participant and the Company or an Eligible Subsidiary ends for any reason, including Retirement. For purposes of Awards granted under this
Plan, the Administrator shall have sole discretion to determine whether a Participant has ceased to be actively employed by (or, in the case of a Consultant or Director, has ceased actively providing services to) the Company or Eligible Subsidiary,

  
 11 

	 	
and the effective date on which such active employment (or active service-providing relationship) terminated. For the avoidance of doubt, a Participant’s active employer- employee or other
active service-providing relationship shall not be extended by any notice period mandated under local law (e.g., active employment shall not include a period of “garden leave”, paid administrative leave or similar period pursuant to
local law), and in the event of a Participant’s termination of employment (whether or not in breach of local labor laws), Participant’s right to exercise any Option or SAR after termination of employment, if any, shall be measured by the
date of termination of active employment or service and shall not be extended by any notice period mandated under local law. Unless the Administrator provides otherwise (either initially or subsequent to the grant of the relevant Award)
(1) termination of employment will include instances in which a common law employee is terminated and immediately rehired as an independent contractor, and (2) the spin-off, sale, or disposition of a Participant’s employer from the
Company or an Eligible Subsidiary (whether by transfer of shares, assets or otherwise) such that the Participant’s employer no longer constitutes an Eligible Subsidiary shall constitute a termination of employment or service. 

(a)     General. Upon termination of employment for any reason other than death, Early Retirement or (with respect
to Options and SARs) Normal Retirement, all unvested portions of any outstanding Awards shall be immediately forfeited without consideration. The vested portion of any outstanding RSUs or Other Stock-Based Awards shall be settled upon termination
and, except as set forth in subsections (b) – (h) of this Section 12, the Participant shall have a period of ninety (90) days, commencing with the first date the Participant is no longer actively employed, to exercise the
vested portion of any outstanding Options or SARs, subject to the term of the Option or SAR; provided, however, that if the exercise of an Option or SAR following termination of employment (to the extent such post-termination exercise is
permitted under this Section 12(a)) is not covered by an effective registration statement on file with the U.S. Securities and Exchange Commission, then the Option or SAR shall terminate upon the later of (i) thirty (30) days after
such exercise becomes covered by an effective registration statement, or (ii) the end of the original post-termination exercise period; provided, however, that in no event may an Option or SAR be exercised after the expiration of the
term of the Award. 
 (b)     Normal Retirement. Upon termination of employment by reason of the
Participant’s Normal Retirement, unless contrary to applicable law and unless otherwise provided by the Administrator either initially or subsequent to the grant of the relevant Award (i) subject to the term of the Award any Options or
SARs held by the Participant as of the Normal Retirement date will remain outstanding, continue to vest and may be exercised until the fifth anniversary of the Normal Retirement (or if earlier, the termination date of the Award), and (ii) all
unvested portions of any other outstanding Awards (including without limitation RSUs and Restricted Stock Grants) shall be immediately forfeited without consideration. 

(c)     Early Retirement. Upon termination of employment by reason of the Participant’s Early Retirement,
unless contrary to applicable law and unless otherwise provided by the Administrator either initially or subsequent to the grant of the relevant Award (i) the time-based vesting of any portion of any RSU or Restricted Stock Grant scheduled to
vest during the five-year period immediately following such Early Retirement shall be accelerated (provided that if any performance-based vesting conditions or Performance Objectives remain unsatisfied as of

  
 12 

 
the Early Retirement date (and the relevant Performance Period has not expired), the Award shall remain outstanding for up to five years after such date (or, if earlier, up to the termination
date of the Award) to determine whether such conditions or objectives become satisfied and the Award shall become fully vested once it has been determined that such conditions or objectives have been satisfied within the applicable period (at which
point, the vested shares of Common Stock will be delivered to the Participant)), and any portion of such Award subject to time- based vesting conditions not scheduled to vest until after the fifth anniversary of such Early Retirement shall be
forfeited, and (ii) subject to the term of the Award any Options or SARs held by the Participant as of the Early Retirement date will remain outstanding, continue to vest and may be exercised until the fifth anniversary of the Early Retirement
(or if earlier, the termination date of the Award). Notwithstanding anything to the contrary in this Plan, in connection with any determination to grant Early Retirement to a Participant the Administrator in its sole discretion may determine to
grant Early Retirement with respect to a specified portion, but less than all, of the Participant’s outstanding Awards. 

(d)     Death. Upon termination of employment by reason of the Participant’s death: 

(i)     All unexpired Options and SARs will become fully exercisable and, subject to the term of the Option
or SAR, may be exercised for a period of twelve (12) months thereafter by the personal representative of the Participant’s estate or any other person to whom the Option or SAR is transferred under a will or under the applicable laws of
descent and distribution. 
 (ii)     A portion of the outstanding RSUs and Restricted Stock Grants shall
become vested which will be determined as follows. With respect to each portion of an Award of RSUs or Restricted Stock Grant that is scheduled to vest on a particular vesting date, upon the Participant’s death, a pro rata amount of the RSUs or
the Restricted Stock Grant will vest based on the number of complete twelve-month periods between the Date of Grant and the date of death, (provided that any partial twelve-month period between the Date of Grant and the date of death shall
also be considered a complete twelve-month period for purposes of this pro-ration methodology), divided by the total number of twelve-month periods between the Date of Grant and the particular, scheduled vesting date. Any fractional right to a share
of Common Stock that results from applying the pro rata methodology described herein shall be rounded up to a right to a whole share. 

(iii)     With respect to any Award other than an Option, SAR, RSU or Restricted Stock Grant, all unvested
portions of the Award shall be immediately forfeited without consideration, unless otherwise provided by the Administrator. 

(e)     Disability. Upon termination of employment by reason of the Participant’s Disability, all unvested
portions of any outstanding Awards shall be immediately forfeited without consideration. The vested portion of any Option or SAR will remain outstanding and, subject to the term of the Option or SAR, may be exercised by the Participant at any time
until the first anniversary of the Participant’s termination of employment for Disability. The vested portion of any Award other than an Option or SAR shall be settled upon termination of employment. 

  
 13 

 (f)     Gross Misconduct. Upon termination of employment
by reason of the Participant’s Gross Misconduct, as determined by the Administrator, all unexercised Options and SARs, unvested portions of RSUs, unvested portions of Restricted Stock Grants and unvested portions of any Other Stock-Based Awards
granted under the Plan shall terminate and be forfeited immediately without consideration. Without limiting the foregoing provision, a Participant’s termination of employment shall be deemed to be a termination of employment by reason of the
Participant’s Gross Misconduct if, after the Participant’s employment has terminated, facts and circumstances are discovered or confirmed that would have justified a termination for Gross Misconduct. 

(g)     Post-Termination Covenants. Notwithstanding any other provision in the Plan, to the extent any Award
may remain outstanding under the terms of the Plan after termination of the Participant’s employment or service, the Award will nevertheless expire as of the date that the former Employee, Director or Consultant violates any covenant not to
compete or any other post-termination covenant (including without limitation any nonsolicitation, nonpiracy of employees, nondisclosure, nondisparagement, works-made-for-hire or similar covenants) in effect between the Company and/or any Subsidiary
thereof, on the one hand, and the former Employee, Director or Consultant on the other hand, as determined by the Administrator. 

(h)     Leave of Absence. To the extent approved by the Administrator (either specifically or pursuant to
rules adopted by the Administrator) or otherwise required by applicable law, the active employer-employee or other active service- providing relationship between the Participant and the Company or an Eligible Subsidiary shall not be considered
interrupted in the case of: (i) sick leave; (ii) military leave; or (iii) any other leave of absence. For the avoidance of doubt, the Administrator, in its sole discretion, may determine that a Participant’s leave of absence to
complete a course of study will not constitute termination of employment for purposes of the Plan. Further, during any approved leave of absence, the Administrator shall have sole discretion to provide (either specifically or pursuant to rules
adopted by the Administrator) that the vesting of any Awards held by the Participant 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 employment prior to the expiration of the term (if any) of the Awards, subject to any requirements of applicable laws or contract. The Administrator, in its sole discretion, will determine all questions of whether
particular terminations or leaves of absence are terminations of active employment or service. 
  

	13.	 Award Agreements. The Administrator will communicate the material terms and conditions of an Award to
the Participant in any form it deems appropriate, which may include the use of an Award Agreement that the Administrator may require the Participant to sign. To the extent the Award Agreement is inconsistent with the Plan, the Plan will govern. The
Award Agreements may contain special rules, particularly for Participants located outside the United States. To the extent the Administrator determines not to document the terms and conditions of an Award in an Award Agreement, the terms and
conditions of the Award shall be as set forth in the Plan and in the Administrator’s records. 

  
 14 

	14.	 Award Holder. During the Participant’s lifetime and except as provided under Section 22 of the
Plan, only the Participant or his/her duly appointed guardian may exercise or hold an Award (other than nonforfeitable shares of Common Stock). After the Participant’s death, the personal representative of his or her estate or any other person
authorized under a will or under the laws of descent and distribution may exercise any then exercisable portion of an Award or hold any then nonforfeitable portion of any Award. If someone other than the original Participant seeks to exercise or
hold any portion of an Award, the Administrator may request such proof as it may consider necessary or appropriate of the person’s right to exercise or hold the Award. 

 

	15.	 Performance Rules. Subject to the terms of the Plan, the Administrator will have the authority to
establish and administer performance-based grant and/or vesting conditions and Performance Objectives with respect to such Awards as it considers appropriate. Notwithstanding satisfaction of applicable Performance Objectives, the number of shares of
Common Stock or other benefits received under an Award that are otherwise earned upon satisfaction of such Performance Objectives may be reduced or increased by the Administrator on the basis of such further considerations that the Administrator in
its sole discretion shall determine. 

  

	16.	 Adjustments upon Changes in Capital Stock. Subject to any required action by the Company (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, some other increase or decrease in such Common Stock occurs without the
Company’s receiving consideration, the Administrator shall make a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate, in any of the following in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan: (a) the kind and number of shares of Common Stock, other securities or property or the amount of cash subject to each outstanding Award; (b) the Exercise
Price or purchase price of any outstanding Award; and (c) the aggregate number of shares of Common Stock which thereafter may be made the subject of Awards, including the limit specified in Section 5(a) of the Plan regarding the number of
shares available for Awards. 

 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 a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate to
the items set forth in any of subsections (a) through (c) in the preceding paragraph in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

Any issue by the Company 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 shares of Common Stock subject to any Award or the Exercise Price except as this Section 16 specifically provides. The grant of an

  
 15 

 
Award under the Plan will not affect in any way the right or power of the Company 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. 
  

	17.	 Substantial Corporate Change. 

(a)     Definition. A Substantial Corporate Change means the consummation of: 

(i)     the dissolution or liquidation of the Company; or 

(ii)     the merger, consolidation, or reorganization of the Company with one or more corporations, limited
liability companies, partnerships or other entities in which the Company is not the surviving entity (other than a merger, consolidation or reorganization which would result in the voting securities of the Company outstanding immediately prior to
such event continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding
immediately after such merger, consolidation or reorganization and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity); or 

(iii)     the sale of all or substantially all of the assets of the Company to another person or entity; or

 (iv)     any transaction (including a merger or reorganization in which the Company survives) approved
by the Board that results in any person or entity (other than any affiliate of the Company as defined in Rule 144(a)(1) under the Securities Act) owning 100% of the combined voting power of all classes of stock of the Company. 

For the avoidance of doubt, neither the Company IPO, the Separation nor any further disposition of any or all of Fortive’s ownership interests in the
Company will constitute a Substantial Corporate Change. 
 (b)     Treatment of Awards. Upon a Substantial
Corporate Change, the Plan and any forfeitable portions of the Awards will terminate unless provision is made in writing in connection with such transaction for the assumption or continuation of outstanding Awards, or the substitution for such
Awards 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 Awards will continue in the manner and under the terms so provided. Unless the Board determines otherwise, if an Award would otherwise terminate pursuant to the preceding sentence, the Administrator will either: 

(i)     provide that Optionees or holders of SARs will have the right, at such time before the consummation
of the transaction causing such termination as the Board reasonably designates, to exercise any unexercised portions of an Option or SAR, whether or not they had previously become exercisable; or 

  
 16 

 (ii)     for any Awards, cause the Company, or agree to
allow the successor, to cancel each Award after payment to the Participant of an amount in cash, cash equivalents, or successor equity interests substantially equal to the value of the Award under the transaction as determined by the Administrator
(minus, for Options and SARs, the Exercise Price for the shares covered by the Option or SAR (and for any Awards, where the Board or the Administrator determines it is appropriate, any required tax withholdings)). 

 

	18.	 Participants Outside the United States. To comply with the laws in other countries in which the Company
or any of its Subsidiaries operates or has Employees, Directors or Consultants, the Administrator, in its sole discretion, shall have the power and authority to: 

(a)     Determine which Subsidiaries shall be covered by the Plan; 

(b)     Determine which Participants outside the United States are eligible to participate in the Plan; 

(c)     Either initially or by amendment, modify the terms and conditions of any Award granted to any Participant outside
the United States; 
 (d)     Either initially or by amendment, establish sub-plans and modify exercise procedures and
other terms and procedures, to the extent such actions may be necessary or advisable; and 
 (e)     Either initially or
by amendment, take any action that it deems advisable to obtain approval or comply with any applicable government regulatory exemptions or approvals. 

Although in establishing such sub-plans, terms or procedures, the Company may endeavor to (i) qualify an Award for favorable foreign tax
treatment or (ii) avoid adverse tax treatment, the Company makes no representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment. The Company shall be unconstrained in its corporate
activities without regard to the potential negative tax impact on holders of Awards under the Plan. 
  

	19.	 Legal Compliance. The granting of Awards and the issuance of shares of Common Stock under the Plan shall
be subject to compliance with all applicable requirements imposed by federal, state, local and foreign securities laws and other laws, rules, and regulations, and by any applicable regulatory agencies or stock exchanges. The Company shall have no
obligation to issue shares of Common Stock issuable under the Plan or deliver evidence of title for shares of Common Stock issued under the Plan prior to obtaining any approvals from governmental agencies that the Company determines are necessary,
and completion of any registration or other qualification of the shares of Common Stock under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary. To that end, the Company may require
the Participant to take any reasonable action to comply with such requirements before issuing such shares of Common Stock. No provision in the Plan or action taken under it authorizes any action that is otherwise prohibited by federal, state, local
or foreign laws, rules, or regulations, or by any applicable regulatory agencies or stock exchanges. 

  
 17 

 The Plan is intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and all regulations and rules the U.S. Securities and Exchange Commission issues under those laws. Notwithstanding anything in the Plan to the contrary, the Administrator must administer the Plan, and Awards may
be granted, vested and exercised, only in a way that conforms to such laws, rules, and regulations. 
  

	20.	 Purchase for Investment and Other Restrictions. Unless a registration statement under the Securities Act
covers the shares of Common Stock a Participant receives under an Award, the Administrator may require, at the time of such grant and/or exercise and/or lapse of restrictions, 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 Award are registered under the Securities Act. Unless the shares of Common Stock are registered under the Securities Act, the Participant must
acknowledge: 

 (a)     that the shares of Common Stock received under the Award are not so
registered; 
 (b)     that the Participant may not sell or otherwise transfer the shares of Common Stock unless the
shares have been registered under the Securities Act in connection with the sale or transfer thereof, or counsel satisfactory to the Company has issued an opinion satisfactory to the Company that the sale or other transfer of such shares is exempt
from registration under the Securities Act; and 
 (c)     such sale or transfer complies with all other applicable
laws, rules, and regulations, including all applicable federal, state, local and foreign securities laws, rules and regulations. 

Additionally, the Common Stock, when issued under an Award, will be subject to any other transfer restrictions, rights of first refusal, and
rights of repurchase set forth in or incorporated by reference into other applicable documents, including the Company’s articles or certificate of incorporation, by-laws, or generally applicable stockholders’ agreements. 

The Administrator may, in its sole discretion, take whatever additional actions it deems appropriate to comply with such restrictions and
applicable laws, including placing legends on certificates and issuing stop-transfer orders to transfer agents and registrars. 
  

	21.	 Tax Withholding. The Participant must satisfy all applicable Federal, state, local and, if applicable,
foreign income and employment tax and social insurance withholding requirements before the Company will deliver stock certificates or otherwise recognize ownership or nonforfeitability under an Award. The Company may decide to satisfy the
withholding obligations through additional withholding on salary or wages. If the Company does not or cannot withhold from the Participant’s compensation, the Participant must pay the Company, with a cashier’s check or certified check or
by wire transfer of immediately available funds, the full amounts required for withholding. Payment of withholding obligations is due at the same time as is payment of the Exercise Price or lapse of restrictions, as applicable. If the Administrator
so determines, the 

  
 18 

	 	
Participant may instead satisfy the withholding obligations at the Administrator’s election, including (a) by directing the Company to retain shares of Common Stock from the Option or
SAR exercise, RSU vesting or release of the Award, (b) by directing the Company to sell or arrange for the sale of shares of Common Stock that the Participant acquires at the Option or SAR exercise or release of the Award, (c) by tendering
previously owned shares of Common Stock, (d) by attesting to his or her ownership of shares of Common Stock (with the distribution of net shares), or (e) by having a broker tender to the Company cash equal to the withholding taxes, subject
in each case to a withholding of no more than the minimum applicable tax withholding rate or such other rate that will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules promulgated by the
Internal Revenue Service or another applicable governmental entity. 

  

	22.	 Transfers, Assignments or Pledges. Unless the Administrator otherwise approves in advance in writing or
as set forth below, an Award may not be assigned, pledged, or otherwise transferred in any way, whether by operation of law or otherwise or through any legal or equitable proceedings (including bankruptcy), by the Participant to any person, except
by will or by operation of applicable laws of descent and distribution. If necessary to comply with Rule 16b-3 under the Exchange Act, the Participant may not transfer or pledge shares of Common Stock acquired under an Award until at least six
months have elapsed from (but excluding) the Date of Grant, unless the Administrator approves otherwise in advance in writing. The Administrator may, in its sole discretion, expressly provide that a Participant may transfer his or her Award, without
receiving consideration, to (a) members of the Participant’s immediate family, children, grandchildren, or spouse, (b) a trust in which the Participant and/or such family members collectively have more than 50% of the beneficial
interest, or (c) any other entity in which the Participant and/or such family members own more than 50% of the voting interests. 

  

	23.	 Amendment or Termination of Plan and Awards. The Board may amend, suspend, or terminate the Plan at any
time, without the consent of the Participants or their beneficiaries; provided, however, that no amendment may have a material adverse effect on any Participant or beneficiary with respect to any previously declared Award, unless the
Participant’s or beneficiary’s consent is obtained. Except as required by law or by Section 16 of the Plan in the event of a Substantial Corporate Change, the Administrator may not, without the Participant’s or beneficiary’s
consent, modify the terms and conditions of an Award so as to have a material adverse effect on the Participant or beneficiary. Notwithstanding the foregoing to the contrary, the Board reserves the right, to the extent it deems necessary or
advisable in its sole discretion, to unilaterally modify the Plan and any Awards made thereunder to ensure all Awards and Award Agreements provided to Participants who are U.S. taxpayers are made in such a manner that either qualifies for exemption
from or complies with Code Section 409A including, but not limited to, the ability to increase the exercise or purchase price of an Award (without the consent of the Participant) to the Fair Market Value on the date the Award was granted;
provided, however that the Company makes no representations that the Plan or any Awards will be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the Plan or any
Award made thereunder. 

  
 19 

	24.	 Privileges of Stock Ownership. No Participant and no beneficiary or other person claiming under or
through such Participant will have any right, title, or interest in or to any shares of Common Stock allocated or reserved under the Plan or subject to any Award except as to such shares of Common Stock, if any, that have been issued to such
Participant. 

  

	25.	 Effect on Other Plans. Whether receiving or exercising an Award causes the Participant to accrue or
receive additional benefits under any pension or other plan is governed solely by the terms of such other plan. 

  

	26.	 Limitations on Liability. Notwithstanding any other provisions of the Plan, no individual acting as a
Director, Employee, or agent of the Company or any of its Subsidiaries shall be liable to any Participant, former Participant, spouse, beneficiary, or any other person for any claim, loss, liability, or expense incurred in connection with the Plan,
nor shall such individual be personally liable because of any contract or other instrument he or she executes in such other capacity. The Company will indemnify and hold harmless each Director, Employee, or agent of the Company or any of its
Subsidiaries to whom any duty or power relating to the administration or interpretation of the Plan has been or will be delegated, against any cost or expense (including attorneys’ fees) or liability (including any sum paid in settlement of a
claim with the Board’s approval) arising out of any act or omission to act concerning this Plan unless arising out of such person’s own fraud or bad faith. 

 

	27.	 No Employment Contract. Nothing contained in this Plan constitutes an employment contract between the
Company and any Participant. The Plan does not give any Participant any right to be retained in the Company’s employ or service, nor does it enlarge or diminish the Company’s right to terminate the Participant’s employment or service.

  

	28.	 Governing Law. The laws of the State of Delaware (other than its choice of law provisions) govern this
Plan and its interpretation. Any dispute that arises with respect to this Plan or any Award granted under this Plan shall be conducted in the courts of New Castle County in the State of Delaware, or the United States Federal court for the District
of Delaware. 

  

	29.	 Duration of Plan. The Plan became effective as of [●], 2020, and except as otherwise expressly
provided by the Administrator, shall govern all Awards previously or subsequently granted hereunder. Unless the Board extends the Plan’s term, the Administrator may not grant Awards under the Plan after [●], 2030. The Plan will then
continue to govern unexercised and unexpired Awards. 

  

	30.	 Recoupment. Notwithstanding any other provisions in the Plan, each Award granted under the Plan which is
subject to recovery under any law, government regulation, stock exchange listing requirement or pursuant to any policy adopted by the Company, as 

  
 20 

	 	
approved by the Board, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, stock exchange listing requirement or policy
adopted by the Company. 

  

	31.	 Section 409A Requirements. The Plan as well as payments and benefits under the Plan are intended to
be exempt from or, to the extent subject thereto, to comply with, Code Section 409A, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the
contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Code Section 409A, the Participant shall not be considered to have terminated employment or service with the Company for purposes of the Plan and
no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Code Section 409A.
Any payments described in the Plan that are due within the “short term deferral period” as defined in Code Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything
to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any of its Affiliates) are payable upon a separation from service and such payment would result in the
imposition of any individual tax and penalty interest charges imposed under Code Section 409A, the settlement and payment of such awards (or other amounts) shall instead be made on the first business day after the date that is six
(6) months following such separation from service (or death, if earlier). Each amount to be paid or benefit to be provided under this Plan shall be construed as a separate identified payment for purposes of Code Section 409A. The Company
makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to any such payment. The
Participant shall be solely responsible for the payment of any taxes and penalties incurred under Code Section 409A. 

  
 21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]