Document:

EX-10.2

 Exhibit 10.2 

FORM OF 
 EMPLOYEE MATTERS
AGREEMENT 
 by and between 

DANAHER CORPORATION 
 and 

FORTIVE CORPORATION 
 Dated as of
[●], 2016 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	Article I	  
	
	DEFINITIONS AND INTERPRETATION	  
			
	 Section 1.1
	 	 General
	  	 	1	  
	 Section 1.2
	 	 References; Interpretation
	  	 	6	  
	
	Article II	  
	
	GENERAL PRINCIPLES	  
			
	 Section 2.1
	 	 Nature of Liabilities
	  	 	6	  
	 Section 2.2
	 	 Transfers of Employees and Independent Contractors Generally
	  	 	6	  
	 Section 2.3
	 	 Assumption and Retention of Liabilities Generally
	  	 	7	  
	 Section 2.4
	 	 Treatment of Compensation and Benefit Arrangements; Terms of Employment
	  	 	8	  
	 Section 2.5
	 	 Participation in Danaher Benefit Arrangements
	  	 	8	  
	 Section 2.6
	 	 Service Recognition
	  	 	8	  
	 Section 2.7
	 	 Collective Bargaining Agreements
	  	 	9	  
	 Section 2.8
	 	 Information and Consultation
	  	 	9	  
	
	Article III	  
	
	CERTAIN BENEFIT PLAN PROVISIONS	  
			
	 Section 3.1
	 	 Health and Welfare Benefit Plans
	  	 	9	  
	 Section 3.2
	 	 U.S. Defined Benefit Plans
	  	 	10	  
	 Section 3.3
	 	 U.S. Savings Plans
	  	 	10	  
	 Section 3.4
	 	 U.S. OPEB Plans
	  	 	11	  
	 Section 3.5
	 	 Danaher EDIP
	  	 	11	  
	 Section 3.6
	 	 Danaher Canadian RRP/RRSP
	  	 	11	  
	 Section 3.7
	 	 Non-U.S. Plans
	  	 	12	  
	 Section 3.8
	 	 Treatment of Certain Plans
	  	 	12	  
	 Section 3.9
	 	 Chargeback of Certain Costs
	  	 	12	  
	
	Article IV	  
	
	EQUITY INCENTIVE AWARDS	  
			
	 Section 4.1
	 	 Treatment of Danaher Stock Options
	  	 	12	  
	 Section 4.2
	 	 Treatment of Danaher Time-Based Restricted Stock Units
	  	 	13	  
	 Section 4.3
	 	 Treatment of Danaher Performance-Based Restricted Stock Units
	  	 	13	  
	 Section 4.4
	 	 Treatment of Danaher Performance Stock Units
	  	 	13	  
	 Section 4.5
	 	 Fortive Stock Plan
	  	 	14	  
	 Section 4.6
	 	 General Terms
	  	 	14	  

  
 i 

							
	Article V	  
	
	ADDITIONAL MATTERS	  
			
	 Section 5.1
	 	 Cash Incentive Programs
	  	 	14	  
	 Section 5.2
	 	 Time-Off Benefits
	  	 	15	  
	 Section 5.3
	 	 Workers’ Compensation Liabilities
	  	 	15	  
	 Section 5.4
	 	 COBRA and HIPAA Compliance in the United States
	  	 	15	  
	 Section 5.5
	 	 Retention Bonuses
	  	 	16	  
	 Section 5.6
	 	 Code Sections 162(m)/409A
	  	 	16	  
	 Section 5.7
	 	 Payroll Taxes and Reporting
	  	 	16	  
	 Section 5.8
	 	 Regulatory Filings
	  	 	16	  
	 Section 5.9
	 	 Disability
	  	 	16	  
	 Section 5.10
	 	 Certain Requirements
	  	 	16	  
	
	Article VI	  
	
	GENERAL AND ADMINISTRATIVE	  
			
	 Section 6.1
	 	 Employer Rights
	  	 	17	  
	 Section 6.2
	 	 Effect on Employment
	  	 	17	  
	 Section 6.3
	 	 Consent of Third Parties
	  	 	17	  
	 Section 6.4
	 	 Access to Employees
	  	 	17	  
	 Section 6.5
	 	 Beneficiary Designation/Release of Information/Right to Reimbursement
	  	 	17	  
	 Section 6.6
	 	 No Third Party Beneficiaries
	  	 	17	  
	 Section 6.7
	 	 No Acceleration of Benefits
	  	 	18	  
	 Section 6.8
	 	 Employee Benefits Administration
	  	 	18	  
	
	Article VII	  
	
	MISCELLANEOUS	  
			
	 Section 7.1
	 	 Entire Agreement
	  	 	18	  
	 Section 7.2
	 	 Counterparts
	  	 	18	  
	 Section 7.3
	 	 Survival of Agreements
	  	 	18	  
	 Section 7.4
	 	 Notices
	  	 	18	  
	 Section 7.5
	 	 Waivers
	  	 	19	  
	 Section 7.6
	 	 Assignment
	  	 	19	  
	 Section 7.7
	 	 Successors and Assigns
	  	 	19	  
	 Section 7.8
	 	 Termination and Amendment
	  	 	19	  
	 Section 7.9
	 	 Subsidiaries
	  	 	19	  
	 Section 7.10
	 	 Third Party Beneficiaries
	  	 	20	  
	 Section 7.11
	 	 Title and Headings
	  	 	20	  
	 Section 7.12
	 	 Governing Law
	  	 	20	  
	 Section 7.13
	 	 Severability
	  	 	20	  
	 Section 7.14
	 	 Interpretation
	  	 	20	  
	 Section 7.15
	 	 No Duplication; No Double Recovery
	  	 	20	  
	 Section 7.16
	 	 No Waiver
	  	 	20	  
	 Section 7.17
	 	 No Admission of Liability
	  	 	20	  

  
 ii 

 FORM OF EMPLOYEE MATTERS AGREEMENT 

This EMPLOYEE MATTERS AGREEMENT (this “Agreement”), dated as of [●], 2016, is entered into by and between Danaher Corporation, a
Delaware corporation (“Danaher”), and Fortive Corporation, a Delaware corporation and a wholly owned subsidiary of Danaher (“Fortive”). “Party” or “Parties” means Danaher or
Fortive, individually or collectively, as the case may be. Capitalized terms used in this Agreement, but not otherwise defined in this Agreement or the Separation and Distribution Agreement, shall have the meaning set forth in Section 1.1. 

W I T N E S S E T H: 
 WHEREAS,
Danaher, acting through its direct and indirect Subsidiaries, currently conducts the Danaher Retained Business and the Fortive Business; 

WHEREAS, the Board of Directors of Danaher (the “Board”) has determined that it is appropriate, desirable and in the best
interests of Danaher and its stockholders to separate Danaher into two separate, publicly traded companies, one for each of (i) the Danaher Retained Business, which shall be owned and conducted, directly or indirectly, by Danaher and its
Subsidiaries (other than Fortive and its Subsidiaries) and (ii) the Fortive Business, which shall be owned and conducted, directly or indirectly, by Fortive and its Subsidiaries, in the manner contemplated by the Separation and Distribution
Agreement by and between the Parties, dated as of [●], 2016 (the “Separation and Distribution Agreement”); and 

WHEREAS, pursuant to the Separation and Distribution Agreement, Danaher and Fortive have agreed to enter into this Agreement for the purpose
of allocating Assets, Liabilities and responsibilities with respect to certain employee matters and employee compensation and benefit plans and programs between them and to address certain other employment-related matters. 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties
hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1 General. As used in this Agreement, the following terms shall have the following meanings: 

(1) “Accrued Incentive Amount” shall mean the amount accrued by Danaher in respect of the Fortive Employees and Fortive
Independent Contractors under any cash incentive compensation and sales commission programs applicable to the Fortive Employees and Fortive Independent Contractors and unpaid as of the date on which the employment or services of the Fortive
Employees or the Fortive Independent Contractors is transferred to Fortive. 
 (2) “Agreement” shall have the meaning set
forth in the Preamble. 

  
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 (3) “Automatic Transfer Employees” shall mean any Fortive Employee, where local
employment Laws, including the Transfer Regulations, provide for an automatic transfer of such employees to a member of the Fortive Group by operation of Law upon the transfer of a business as a going concern and such business transfer occurs as a
result of the transactions contemplated by the Separation and Distribution Agreement. 
 (4) “Benefit Arrangement” shall
mean each Benefit Plan and Benefit Policy. 
 (5) “Benefit Plan” shall mean, with respect to an entity, each compensation
or employee benefit plan, program, policy, agreement or other arrangement, whether or not “employee benefit plans” (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA), including any benefit plan, program,
policy, agreement or arrangement providing cash- or equity-based compensation or incentives, health, medical, dental, vision, disability, accident or life insurance benefits, severance, retention, change in control, termination, deferred
compensation, individual employment or consulting, retirement, pension or savings benefits, supplemental income, retiree benefit or other fringe benefit (whether or not taxable), that are sponsored or maintained by such entity (or to which such
entity contributes or is required to contribute or in which it participates), and excluding workers’ compensation plans, policies, programs and arrangements. 

(6) “Benefit Policy” shall mean, with respect to an entity, each plan, program, arrangement, agreement or commitment that is
a vacation pay or other paid or unpaid leave policy or practice sponsored or maintained by such entity (or to which such entity contributes or is required to contribute) or in which it participates. 

(7) “Board” shall have the meaning set forth in the Recitals. 

(8) “Collective Bargaining Agreement” shall mean all agreements with the collective bargaining representatives, employee
representatives, trade unions, labor or management organizations, groups of employees, or works councils or similar representative bodies of Fortive Employees, including all national or sector specific collective agreements which are applicable to
Fortive Employees, in each case in effect immediately prior to the date on which the applicable Fortive Employees become employed by a member of the Fortive Group, that set forth terms and conditions of employment of Fortive Employees, and all
modifications of, or amendments to, such agreements and any rules, procedures, awards or decisions of competent jurisdiction interpreting or applying such agreements. 

(9) “Danaher” shall have the meaning set forth in the Preamble. 

(10) “Danaher Benefit Arrangement” shall mean any Benefit Arrangement sponsored, maintained or contributed to by any member
of the Danaher Group (other than any Fortive Benefit Arrangement). 
 (11) “Danaher Canadian RRP/RRSP” shall mean The Group
Retirement Program Summary for the Employees of Danaher Corporation. 
 (12) “Danaher EDIP” shall mean the
Amended & Restated Danaher Corporation & Subsidiaries Executive Deferred Incentive Program, as amended. 

  
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 (13) “Danaher Employee” shall mean each employee of Danaher or any of its
Subsidiaries or Affiliates who does not qualify as a Fortive Employee. 
 (14) “Danaher Option” shall mean an option to
purchase shares of Danaher Common Stock granted pursuant to one of the Danaher Stock Plans. 
 (15) “Danaher Performance-Based
Restricted Stock Unit” shall mean an award granted by Danaher pursuant to the Danaher Corporation 2007 Stock Incentive Plan, as amended, that was denominated as a “Restricted Stock Unit” under the terms of such plan and the
related award agreement and vests in whole or in part based on the achievement of a specified performance objective. 
 (16)
“Danaher Performance Stock Unit” shall mean an award granted by Danaher pursuant to the Danaher Corporation 2007 Stock Incentive Plan, as amended, that was denominated as a “Performance Stock Unit” under the terms of such
plan and the related award agreement. 
 (17) “Danaher Stock Plans” shall mean, collectively, (i) the Danaher
Corporation 2007 Stock Incentive Plan, as amended, and (ii) the Danaher Corporation Amended and Restated 1998 Stock Option Plan. 

(18) “Danaher Time-Based Restricted Stock Unit” shall mean an award granted by Danaher pursuant to the Danaher Corporation
2007 Stock Incentive Plan, as amended, that was denominated as a “Restricted Stock Unit” under the terms of such plan and the related award agreement and vests solely based on the continued employment or service of the recipient. 

(19) “Danaher U.S. OPEB Plan” shall mean the Danaher Corporation and Subsidiaries Retiree Medical Plan. 

(20) “Danaher U.S. Retirement Plans” shall mean (i) the Danaher Corporation & Subsidiaries Pension Plan,
(ii) the Pall Corporation Cash Balance Pension Plan, as amended, and (iii) the Pall Trinity Micro Pension Plan for Hourly-Rated Factory Employees, as amended. 

(21) “Danaher U.S. Savings Plans” shall mean (i) the Danaher Corporation & Subsidiaries Retirement &
Savings Plan, (ii) the Danaher Corporation & Subsidiaries Savings Plan and (iii) any other defined contribution retirement plan maintained by Danaher or any of its Affiliates (other than a member of the Fortive Group) that is
intended to be qualified under Section 401(a) of the Code. 
 (22) “Danaher Welfare Plans” shall mean any Welfare Plan
maintained by Danaher or any member of the Danaher Group. 
 (23) “Delayed Transfer Date” shall mean the date on which it
is determined by Danaher that a Delayed Transfer Fortive Employee is permitted to transfer to Fortive in accordance with applicable Law. 

  
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 (24) “Delayed Transfer Fortive Employee” shall mean any Fortive Employee whose
employment is not eligible to be transferred to a member of the Fortive Group at or prior to the Effective Time as a result of requirements under applicable Law. 

(25) “Employee Representative” shall mean any works council, employee representative, trade union, labor or management
organization, group of employees or similar representative body for Fortive Employees. 
 (26) “Equity Award Adjustment
Ratio” shall mean the adjustment ratio adopted by the Danaher Board prior to the Effective Time for purposes of making equitable adjustments to the awards held by Fortive Employees under the Danaher Stock Plans. 

(27) “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

(28) “Former Fortive Service Provider” shall mean (i) any individual who would qualify as a Fortive Employee or Fortive
Independent Contractor, but whose employment or service with Danaher or any of its Subsidiaries or Affiliates terminated for any reason prior to the date on which such individual’s employment or service would otherwise have transferred to
Fortive pursuant to this Agreement and (ii) any former employee, independent contractor or consultant of Danaher or any of its Subsidiaries or Affiliates who was exclusively or primarily engaged in a Fortive Former Business at the time either
(x) such business was sold, conveyed, assigned, transferred or otherwise disposed of or divested (in whole or in part) to a Person that is not a member of the Fortive Group or the Danaher Group or (y) the operations, activities or
production of which were discontinued, abandoned, completed or otherwise terminated (in whole or in part). 
 (29)
“Fortive” shall have the meaning set forth in the Preamble. 
 (30) “Fortive Benefit Arrangement” shall
mean any Benefit Arrangement sponsored, maintained or contributed to exclusively by one or more members of the Fortive Group. 
 (31)
“Fortive EDIP” shall have the meaning set forth in Section 3.5(a). 
 (32) “Fortive Employee”
shall mean each individual who is employed by Danaher or any of its Subsidiaries or Affiliates as of the date on which Danaher determines to transfer the employment of applicable individuals to Fortive and who Danaher determines as of such date is
either (i) exclusively or primarily engaged in the Fortive Business or (ii) necessary for the ongoing operation of the Fortive Business following the Effective Time, in each case regardless of whether any such employee is actively at work
or is not actively at work as a result of disability or illness, an approved leave of absence (including military leave with reemployment rights under federal Law and leave under the Family and Medical Leave Act of 1993), vacation, personal day or
similar short- or long-term absence. 
 (33) “Fortive Independent Contractor” shall mean each individual who is engaged as
an independent contractor or consultant by Danaher or any of its Subsidiaries or Affiliates as of the date on which Danaher determines to transfer the contracts of service of 

  
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applicable individuals to Fortive and who Danaher determines as of such date is either (i) exclusively or primarily engaged in the Fortive Business or (ii) necessary for the ongoing
operation of the Fortive Business following the Effective Time. 
 (34) “Fortive OPEB Plans” shall have the meaning set
forth in Section 3.4(a). 
 (35) “Fortive Option” shall have the meaning set forth in Section 4.1.

 (36) “Fortive Performance-Based Restricted Share” shall have the meaning set forth in Section 4.3. 

(37) “Fortive Performance Share” shall have the meaning set forth in Section 4.4. 

(38) “Fortive RSP” shall have the meaning set forth in Section 3.6(a). 

(39) “Fortive Stock Plan” shall have the meaning set forth in Section 4.5. 

(40) “Fortive Time-Based Restricted Stock Unit” shall have the meaning set forth in Section 4.2. 

(41) “Fortive U.S. Operating Company SERPs” shall mean (i) the Gilbarco Supplemental Executive Retirement Plan for
Salaried Employees and (ii) the Pacific Scientific Company Supplemental Retirement Plan. 
 (42) “Fortive U.S. Savings
Plans” shall have the meaning set forth in Section 3.3(a). 
 (43) “Fortive Welfare Plans” shall mean
any Welfare Plan maintained by Fortive or any member of the Fortive Group. 
 (44) “Non-Automatic Transfer Employees” shall
mean any Fortive Employee who is not an Automatic Transfer Employee. 
 (45) “Non-U.S. Plans” shall have the meaning set
forth in Section 3.7(a). 
 (46) “Party” and “Parties” shall have the meanings set forth in
the Preamble. 
 (47) “Separation and Distribution Agreement” shall have the meaning set forth in the Recitals. 

(48) “Transfer Regulations” shall mean (i) all Laws of any EU Member State implementing the EU Council Directive
2001/23/EC of 12 March 2001 on the approximation of the Laws of the Member States relating to the safeguarding of employees’ rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses (the
“Acquired Rights Directive”) and legislation and regulations of any EU Member State implementing such Acquired Rights Directive, and (ii) any similar Laws in any jurisdiction providing for an automatic transfer, by operation of
Law, of employment in the event of a transfer of business. 
 (49) “Welfare Plan” shall mean, where applicable, a
“welfare plan” (as defined in Section 3(1) of ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical, prescription drug,
dental, vision and mental health and substance use disorder), disability benefits, or life, accidental death and disability, pre-tax premium conversion benefits, dependent care assistance programs, employee assistance programs, contribution funding
toward a health savings account, flexible spending accounts, tuition reimbursement or adoption assistance programs or cashable credits. 

  
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 Section 1.2 References; Interpretation References in this Agreement to any gender
include references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include”, “includes” and “including” when used in this
Agreement shall be deemed to be followed by the phrase “without limitation”. Unless the context otherwise requires, references in this Agreement to Articles, Sections, Annexes, Exhibits and Schedules shall be deemed references to Articles
and Sections of, and Annexes, Exhibits and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof”, “hereby” and “herein” and words of similar meaning when used in this Agreement refer to
this Agreement in its entirety and not to any particular Article, Section or provision of this Agreement. The words “written request” when used in this Agreement shall include email. Reference in this Agreement to any time shall be to New
York City, New York time unless otherwise expressly provided herein. Unless the context requires otherwise, references in this Agreement to “Danaher” shall also be deemed to refer to the applicable member of the Danaher Group, references
to “Fortive” shall also be deemed to refer to the applicable member of the Fortive Group and, in connection therewith, any references to actions or omissions to be taken, or refrained from being taken, as the case may be, by Danaher or
Fortive shall be deemed to require Danaher or Fortive, as the case may be, to cause the applicable members of the Danaher Group or the Fortive Group, respectively, to take, or refrain from taking, any such action. In the event of any inconsistency
or conflict which may arise in the application or interpretation of any of the definitions set forth in Section 1.1, for the purpose of determining what is and is not included in such definitions, any item explicitly included on a
Schedule referred to in any such definition shall take priority over any provision of the text thereof. 
 ARTICLE II 

GENERAL PRINCIPLES 

Section 2.1 Nature of Liabilities. All Liabilities assumed or retained by a member of the Danaher Group under this Agreement shall
be Danaher Retained Liabilities for purposes of the Separation and Distribution Agreement. All Liabilities assumed or retained by a member of the Fortive Group under this Agreement shall be Fortive Liabilities for purposes of the Separation and
Distribution Agreement. 
 Section 2.2 Transfers of Employees and Independent Contractors Generally. 

(a) Subject to the requirements of applicable Law, through and until immediately before the Effective Time, Danaher shall use its reasonable
best efforts to (i) cause the employment of any Fortive Employee and the contract of services of any Fortive Independent Contractor to be transferred to a member of the Fortive Group and (ii) cause the employment of any individual who is
employed by a member of the Fortive Group but does not qualify as a Fortive Employee and the contract of services between any independent contractor or consultant that does not qualify as a Fortive Independent Contractor and a member of the Fortive
Group to be transferred to a member of the Danaher Group. 

  
 6 

 (b) Danaher shall use its reasonable best efforts to cause each Automatic Transfer Employee to
be employed by a member of the Fortive Group no later than the Effective Time in accordance with applicable Law, or as of the applicable Delayed Transfer Date, if applicable, and Fortive agrees to take all actions reasonably necessary to cause the
Fortive Employees to be so employed. Fortive shall make a qualifying offer of employment in accordance with Section 2.4 to each Non-Automatic Transfer Employee prior to the Effective Time to become employed by a member of the Fortive
Group effective as of no later than the Effective Time, or as of the applicable Delayed Transfer Date, if applicable; provided that if Fortive fails to make such a qualifying offer of employment to a Non-Automatic Transfer Employee and
such Non-Automatic Transfer does not become employed by Fortive and is terminated by Danaher as a result, then Fortive shall reimburse Danaher in accordance with Section 2.3(c) for any severance or termination costs incurred by Danaher
in connection with such termination of employment. 
 (c) The Danaher Group and Fortive Group agree to execute, and to seek to have the
applicable Fortive Employees execute, such documentation, if any, as may be necessary to reflect the transfer of employment described in this Section 2.2. 

Section 2.3 Assumption and Retention of Liabilities Generally. 

(a) Except as pursuant to this Agreement, in connection with the Internal Reorganization and the Contribution, or, if applicable, from and
after the Effective Time, Danaher shall, or shall cause one or more members of the Danaher Group to, accept, assume (or, as applicable, retain) and perform, discharge and fulfill (i) all Liabilities under all Danaher Benefit Arrangements,
whenever incurred; (ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all Danaher Employees and their respective dependents and beneficiaries (and any alternate payees in respect
thereof), whenever incurred; and (iii) all other Liabilities or obligations expressly assigned to or assumed by a member of the Danaher Group under this Agreement. 

(b) Except as pursuant to this Agreement, in connection with the Internal Reorganization and the Contribution, or, if applicable, from and
after the Effective Time, Fortive shall, or shall cause one or more members of the Fortive Group to, accept, assume (or, as applicable, retain) and perform, discharge and fulfill (i) all Liabilities under all Fortive Benefit Arrangements,
whenever incurred; (ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all Fortive Employees, Former Fortive Service Providers and Fortive Independent Contractors and their
respective dependents and beneficiaries (and any alternate payees in respect thereof), whenever incurred; and (iii) all other Liabilities or obligations expressly assigned to or assumed by a member of the Fortive Group under this Agreement.

 (c) The Parties shall promptly reimburse one another, upon reasonable request of the Party requesting reimbursement and the presentation
by such Party of such substantiating documentation as the other Party shall reasonably request, for the cost of any obligations or Liabilities satisfied or assumed by the Party requesting reimbursement or its Affiliates that are, or that have been
made pursuant to this Agreement, the responsibility of the other Party or any of its Affiliates. 

  
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 (d) Notwithstanding anything set forth in this Agreement to the contrary, to the extent that any
provision of this Agreement would require any member of the Fortive Group to assume any Liability or otherwise perform any obligation in respect of a Delayed Transfer Fortive Employee, such assumption or performance shall not occur or otherwise
become effective until the Delayed Transfer Date applicable to such Delayed Transfer Fortive Employee. 
 Section 2.4 Treatment of
Compensation and Benefit Arrangements; Terms of Employment. Except as otherwise (i) required by a Collective Bargaining Agreement, the Transfer Regulations or applicable Law, or (ii) expressly provided for in this Agreement, for a
period of twelve (12) months following the Effective Time (or if shorter, during the period of employment), Fortive shall, or shall cause a member of the Fortive Group to provide or cause to be provided to each Fortive Employee (A) a base
salary or hourly wage rate, as applicable, that is at least equal to the base salary or hourly wage rate provided to such Fortive Employee immediately prior to the Effective Time, (B) subject to Section 5.1, a cash incentive or
sales commission opportunity no less favorable than the cash incentive or sales commission opportunity in effect for such Fortive Employee, if any, immediately prior to the Effective Time, and (C) health, welfare and retirement benefits that
are substantially similar to those provided to such Fortive Employee immediately prior to the Effective Time (without regard to any defined benefit pension plan benefits for Fortive Employees based in the United States). Notwithstanding the
foregoing and except as otherwise set forth in Article IV, nothing contained in this Agreement shall require Fortive to make any grants of equity awards relating to shares of Fortive Common Stock to Fortive Employees following the Effective Time.

 Section 2.5 Participation in Danaher Benefit Arrangements. Effective no later than the Effective Time, (i) Fortive and
each member of the Fortive Group, to the extent applicable, shall cease to be a participating company in any Danaher Benefit Arrangement and (ii) each Fortive Employee shall cease to participate in, be covered by, accrue benefits under, be
eligible to contribute to or have any rights under any Danaher Benefit Arrangement (except to the extent of previously accrued obligations that remain a Liability of any member of the Danaher Group pursuant to this Agreement). 

Section 2.6 Service Recognition. 

(a) Effective no later than the Effective Time, and in addition to any applicable obligations under the Transfer Regulations or other
applicable Law, Fortive shall, and shall cause each member of the Fortive Group to, give each Fortive Employee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Fortive Benefit Arrangement for such
Fortive Employee’s prior service with any member of the Danaher Group or Fortive Group or any predecessor thereto, to the same extent such service was recognized by the applicable Danaher Benefit Arrangement; provided, that, such service shall
not be recognized to the extent it would result in the duplication of benefits. 
 (b) Except to the extent prohibited by applicable Law,
on or as soon as administratively practicable after the Effective Time,: (i) Fortive shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements
applicable to each Fortive Employee under any Fortive Welfare Plan in which Fortive Employees participate (or are eligible to participate) 

  
 8 

 
to the same extent that such conditions and waiting periods were satisfied or waived under an analogous Danaher Welfare Plan, and (ii) Fortive shall provide or cause each Fortive Employee to
be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Fortive Employees become eligible to participate in the Fortive Welfare Plans in satisfying any applicable co-payments,
deductibles or other out-of-pocket requirements under any such plans for such plan year. 
 Section 2.7 Collective Bargaining
Agreements. 
 (a) Notwithstanding anything in this Agreement to the contrary, Danaher and Fortive shall, to the extent required by
applicable Law, take or cause to be taken all actions that are necessary (if any) for Fortive or a member of the Fortive Group to continue to maintain or to assume and honor any Collective Bargaining Agreements and any pre-existing collective
bargaining relationships (in each case including obligations that arise in respect of the period both before and after the date of employment by the Fortive Group) in respect of any Fortive Employees and any Employee Representatives. 

(b) Effective no later than the Effective Time, Fortive shall, or shall cause a member of the Fortive Group to, continue to maintain or to
assume and honor, to the extent required by applicable Law, all Collective Bargaining Agreements and pre-existing collective bargaining relationships (in each case including obligations that arise in respect of the period both before and after the
date of a Fortive Employee’s employment by the Fortive Group) that are applicable to any Fortive Employee. 
 (c) Nothing in this
Agreement is intended to alter the provisions of any Collective Bargaining Agreement or modify in any way the obligations of the Danaher Group or the Fortive Group to any Employee Representative or any other Person as described in such agreement.

 Section 2.8 Information and Consultation. The Parties shall comply with all requirements and obligations to inform, consult
or otherwise notify any Fortive Employees or Employee Representatives in relation to the transactions contemplated by this Agreement and the Distribution Agreement, whether required pursuant to any Collective Bargaining Agreement, the Transfer
Regulations or other applicable Law. 
 ARTICLE III 

CERTAIN BENEFIT PLAN PROVISIONS 

Section 3.1 Health and Welfare Benefit Plans. 

(a) (i) Effective no later than the Effective Time, the participation of each Fortive Employee who is a participant in a Danaher Welfare Plan
shall automatically cease and (ii) Fortive shall or shall cause a member of the Fortive Group (A) to have in effect, no later than the earlier of the date of cessation described in subsection (i) above or the Business Day immediately prior to the
Effective Time, Fortive Welfare Plans providing health and welfare benefits for the benefit of each Fortive Employee with terms that are substantially similar to those provided to the applicable Fortive Employee immediately prior to the date on
which such Fortive Welfare Plans become effective; and (B) effective on and after the date of cessation described in subsection (i) above, to fully perform, pay and discharge all claims of Fortive Employees or Former Fortive Service Providers
(excepting any claims of any Former Fortive Service Providers under a Danaher U.S. OPEB Plan) that remain unpaid as of the date on which such Fortive Welfare Plans become effective, regardless of whether any such claim was incurred prior to, on or
after such date. For the avoidance of doubt, and solely for the purposes of this Section 3.1, the term “Fortive Welfare Plan” shall not include any Fortive OPEB Plans, and Fortive OPEB Plans will instead be governed by Section
3.4 of this Agreement. 
 (b) For any claims related to Fortive Employees or Former Fortive Service Providers paid by a Danaher Welfare
Plan prior to Effective Time, where the cost of such claim(s) have not been charged back to any appropriate and applicable member of the Fortive Group prior to the Effective Time, the Danaher Welfare Plan will retain the right, for no longer than
one (1) year after the Effective Time, to seek reimbursement from the applicable member of the Fortive Group in accordance with Section 2.3(c) for any claims described in this Section 3.1(b). 

  
 9 

 Section 3.2 U.S. Defined Benefit Plans. Effective no later than the Effective Time,
no Fortive Employee shall accrue benefits under the Danaher U.S. Retirement Plans. Danaher shall retain all Assets and Liabilities relating to the Danaher U.S. Retirement Plans, including Liabilities in respect of pension benefits accrued thereunder
by each Fortive Employee and Former Fortive Service Provider. No Assets or Liabilities of the Danaher U.S. Retirement Plans shall be transferred to a retirement plan maintained by any member of the Fortive Group. 

Section 3.3 U.S. Savings Plans. 

(a) (i) Effective no later than the Effective Time, Danaher shall cause a member of the Fortive Group to have in effect one or more
defined contribution savings plans and related trusts that satisfy the requirements of Sections 401(a) and 401(k) of the Code in which each Fortive Employee who participated in a Danaher U.S. Savings Plan immediately prior thereto shall be eligible
to participate (the “Fortive U.S. Savings Plans”), with terms that are substantially similar to those provided by the applicable Danaher U.S. Savings Plan immediately prior to the date on which such Fortive U.S. Savings Plans become
effective (other than the ability to make additional investments in an investment fund invested primarily in Danaher Common Stock), (ii) the participation of each Fortive Employee who is a participant in a Danaher U.S. Savings Plan shall
automatically cease effective upon the date on which the Fortive U.S. Savings Plans become effective, (iii) as soon as practicable after the Fortive U.S. Savings become effective, Danaher shall cause the accounts (including any outstanding
participant loan balances) in the Danaher U.S. Savings Plans attributable to Fortive Employees and all of the Assets in the Danaher U.S. Savings Plans related thereto to be transferred in-kind to the applicable Fortive U.S. Savings Plan and
(iv) effective as of the Effective Time, the Fortive U.S. Savings Plans (including all applicable accounts and underlying Assets) shall be transferred to Fortive and Fortive shall thereafter fully pay, perform and discharge, all obligations
thereunder. 
 (b) The respective investment committees and other fiduciaries of the Fortive U.S. Savings Plans and the Danaher U.S.
Savings Plans shall determine (i) the period of time, if any, following the adoption of the Fortive U.S. Savings Plans, during which Fortive Employees and Danaher Employees may receive distributions in kind from, respectively, the Fortive U.S.
Savings Plans and the Danaher U.S. Savings Plans, if, and to the extent, investments under such plans are comprised of Fortive Common Stock or Danaher Common Stock, and (ii) the extent to which and when Danaher Common Stock (in the case of the
Fortive U.S. Savings Plans) and Fortive Common Stock (in the case of the Danaher U.S. Savings Plans) shall cease to be investment alternatives the respective plans. 

(c) Danaher shall retain all accounts and all Assets and Liabilities relating to the Danaher U.S. Savings Plans in respect of each Former
Fortive Service Provider; provided that if any Fortive Employee whose account balance is transferred from the Danaher U.S. Savings Plans to the applicable Fortive U.S. Savings Plan as set forth in Section 3.3(a) thereafter
terminates employment prior to the Effective Time, such individual’s account balance shall nonetheless continue to be held in, and subject to the terms and conditions of, the applicable Fortive U.S. Savings Plan. 

  
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 Section 3.4 U.S. OPEB Plans. 

(a) (i) Effective no later than the Effective Time, the participation of each Fortive Employee who is a participant in a Danaher U.S.
OPEB Plan shall automatically cease and (ii) effective no later than the date of such cessation, Fortive shall or shall cause a member of the Fortive Group to (A) have in effect retiree health and welfare benefit plans for the benefit of
each Fortive Employee (the “Fortive OPEB Plans”) with terms that are substantially similar to those provided to the applicable Fortive Employee under the Danaher U.S. OPEB Plans immediately prior to the date on which such Fortive
OPEB Plans become effective and (B) fully perform, pay and discharge all obligations of the Danaher U.S. OPEB Plans relating to Fortive Employees. 

(b) Danaher shall retain all Liabilities relating to the Danaher U.S. OPEB Plans in respect of each Former Fortive Service Provider. 

Section 3.5 Danaher EDIP. 

(a) (i) Effective no later than the Effective Time, the active participation of each Fortive Employee who is a Participant in the Danaher
EDIP shall cease and (ii) effective no later than the date of such cessation, Fortive shall or shall cause a member of the Fortive Group to (A) have in effect a non-qualified deferred compensation plan for the benefit of each Fortive
Employee (the “Fortive EDIP”) with terms that are substantially similar to those provided to the applicable Fortive Employee under the Danaher EDIP immediately prior to the date on which the Fortive EDIP becomes effective and
(B) fully perform, pay and discharge all obligations of the Danaher EDIP relating to the accounts of the Fortive Employees; provided that for purposes of the Fortive EDIP, (x) any account balances in the Danaher EDIP payable
in shares of Danaher Common Stock shall be payable in shares of Fortive Common Stock and (y) any account balances in the Danaher EDIP that were credited with earnings based on a rate of return relating to notional shares of Danaher Common Stock
shall instead be credited with earnings based on a rate of return relating to notional shares of Fortive Common Stock, in each case as adjusted in the same manner as set forth in Section 4.2. 

(b) Danaher shall retain (i) all Assets relating to the Danaher EDIP in respect of Danaher Employees, Fortive Employees and Former
Fortive Service Providers (including any Assets relating to corporate owned life insurance policies) and (ii) all Liabilities in respect of each Former Fortive Service Provider in respect of the Danaher EDIP. 

Section 3.6 Danaher Canadian RRP/RRSP. 

(a) (i) Effective no later than the Effective Time, the active participation of each Fortive Employee who is a Participant in the Danaher
Canadian RRP/RRSP shall cease and (ii) effective no later than the date of such cessation, Fortive shall or shall cause a member of the Fortive Group to (A) have in effect a Canadian registered savings plan (the “Fortive
RSP”) with terms that are substantially similar to those provided to the applicable Fortive Employee under the Danaher Canadian RRP/RRSP immediately prior to the date on which the Fortive RSP

  
 11 

 
becomes effective. Fortive shall provide each Fortive Employee who has a balance under the Danaher Canadian RRP/RRSP with a 90-day period following the date on which the Fortive RSP becomes
effective to effect an elective rollover of the Fortive Employee’s account balance thereunder and any balances that are not so rolled over at the end of such 90-day period shall be transferred to the Fortive RSP in an administrative transfer.

 (b) Danaher shall retain all assets and Liabilities relating to the Danaher Canadian RRP/RRSP in respect of each Former Fortive Service
Provider. 
 Section 3.7 Non-U.S. Plans. Notwithstanding any provision of this Agreement to the contrary other than as set forth
in Section 3.6 or Section 3.8, the treatment of each Danaher Benefit Arrangement and Fortive Benefit Arrangement that is maintained primarily in respect of individuals who are located outside of the United States (together,
the “Non-U.S. Plans”) shall be subject to the terms and conditions set forth in the applicable Conveyancing and Assumption Instrument; provided that if the treatment of any such Non-U.S. Plan is not specifically covered by such
Conveyancing and Assumption Instrument, then unless otherwise agreed by the Parties, (i) Fortive shall fully perform, pay and discharge all obligations of the Non-U.S. Plans relating to Fortive Employees, Fortive Independent Contractors and
Former Fortive Service Providers, whenever incurred, (ii) Danaher shall fully perform, pay and discharge all obligations of the Non-U.S. Plans relating to Danaher Employees, whenever incurred, and (iii) the Parties shall agree on the
extent to which any Assets held in respect of such Non-U.S. Plans shall be transferred to Fortive. 
 Section 3.8 Treatment of
Certain Plans. Notwithstanding anything in this Agreement or any Conveyancing and Assumption Instrument to the contrary, with respect to any Danaher Benefit Arrangement or Fortive Benefit Arrangement that covers primarily Fortive Employees and
Former Fortive Service Providers (including, without limitation, each Fortive Operating Company SERP, the Qualitrol Profit Sharing Plan and the Tektronix, Inc. Deferred Compensation Plan), (i) effective no later than the Effective Time, Fortive
shall become solely liable to fully perform, pay and discharge all obligations of such arrangements, whenever incurred, and (ii) Danaher shall transfer all Assets held with respect to such arrangements to Fortive as soon as practicable after
the date on which Fortive becomes so liable. 
 Section 3.9 Chargeback of Certain Costs. Nothing contained in this Agreement
shall limit the Danaher’s ability to charge back any Liabilities that it incurs in respect of any Danaher Benefit Arrangement to any of its operating companies in the ordinary course of business consistent with its past practices. 

ARTICLE IV 
 EQUITY
INCENTIVE AWARDS 
 Section 4.1 Treatment of Danaher Stock Options. Each Danaher Option that is outstanding immediately
prior to the Effective Time and that is held by a Fortive Employee who continues in employment through the Effective Time, whether vested or unvested, shall automatically be assumed by Fortive at the Effective Time (each, a “Fortive
Option”) and shall continue to have, and be subject to, the same terms and conditions (including the term, 

  
 12 

 
exercisability and vesting schedule) as were applicable to the corresponding Danaher Option immediately prior to the Effective Time, except that each Fortive Option shall (i) relate to a
number of shares of Fortive Common Stock (with each discrete grant rounded down to the nearest whole share) equal to the product of (x) the number of shares of Danaher Common Stock issuable upon the exercise of the corresponding Danaher Option
immediately prior to the Effective Time and (y) the Equity Award Adjustment Ratio and (ii) have a per-share exercise price (rounded up to the nearest whole cent) equal to the quotient determined by dividing (x) the per share exercise
price of the corresponding Danaher Option by (y) the Equity Award Adjustment Ratio. 
 Section 4.2 Treatment of Danaher
Time-Based Restricted Stock Units. Each Danaher Restricted Stock Unit that is outstanding immediately prior to the Effective Time and that is held by a Fortive Employee who continues in employment through the Effective Time, whether vested or
unvested, shall automatically be assumed by Fortive at the Effective Time (each, a “Fortive Time-Based Restricted Stock Unit”) and shall continue to have, and be subject to, the same terms and conditions (including vesting schedule)
as were applicable to the corresponding Danaher Time-Based Restricted Stock Unit immediately prior to the Effective Time, except that each grant of Fortive Time-Based Restricted Stock Units shall (i) relate to that number of shares of Fortive
Common Stock (with each discrete grant rounded to the nearest whole share) equal to the product of (x) the number of shares of Danaher Common Stock that were issuable upon the vesting of such Danaher Time-Based Restricted Stock Units
immediately prior to the Effective Time and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the satisfaction of any applicable continued employment requirements that apply to the corresponding Danaher
Time-Based Restricted Stock Units immediately prior to the Effective Time. 
 Section 4.3 Treatment of Danaher Performance-Based
Restricted Stock Units. Each Danaher Performance-Based Restricted Stock Unit that is outstanding immediately prior to the Effective Time and that is held by a Fortive Employee who continues in employment through the Effective Time, whether
vested or unvested, shall be cancelled as of the Effective Time and immediately replaced with a restricted share of Fortive Common Stock granted under the Fortive Stock Plan (a “Fortive Performance-Based Restricted Share”) that
shall have the same terms and conditions as were applicable to the corresponding Danaher Performance-Based Restricted Stock Unit, except that each grant of Fortive Performance-Based Restricted Shares shall (i) relate to a number of shares of
Fortive Common Stock (with each discrete grant rounded to the nearest whole share) equal to the product of (x) the number of shares of Danaher Common Stock that were issuable upon the vesting of the corresponding Danaher Performance-Based
Restricted Stock Units immediately prior to the Effective Time and (y) the Equity Award Adjustment Ratio and (ii) be subject to vesting solely based upon the achievement of a positive net income vesting condition determined at or prior to
the Effective Time and the satisfaction of any applicable continued employment or service requirements that apply to the corresponding Danaher Performance-Based Restricted Stock Units immediately prior to the Effective Time. 

Section 4.4 Treatment of Danaher Performance Stock Units. Each Danaher Performance Stock Unit that is outstanding immediately
prior to the Effective Time and that is held by a Fortive Employee who continues in employment through the Effective Time, whether vested or unvested, shall be cancelled as of the Effective Time and immediately replaced with a

  
 13 

 
performance-based restricted share of Fortive Common Stock granted under the Fortive Stock Plan (a “Fortive Performance Share”) that shall have the same terms and conditions as
were applicable to the corresponding Danaher Performance Stock Unit, except that each grant of Fortive Performance Shares shall (i) relate to a number of shares of Fortive Common Stock (with each discrete grant rounded to the nearest whole
share) equal to the product of (x) the number of shares of Danaher Common Stock that were issuable upon the vesting of the corresponding Danaher Performance Stock Units immediately prior to the Effective Time and (y) the Equity Award
Adjustment Ratio and (ii) be subject to vesting based upon (x) the achievement of performance goals that are bifurcated on a pro-rata basis to take into account (1) the portion of the performance period that occurs prior to the
Effective Time with respect to the performance goals that applied to the corresponding Danaher Performance Stock Units immediately prior to the Effective Time and (2) the portion of the performance period that occurs on and following the
Effective Time with respect to performance goals relating to Fortive that are determined to apply to such awards prior to the Effective Time, and (y) the satisfaction of any applicable continued employment or service requirements that apply to
the corresponding Danaher Performance Stock Units immediately prior to the Effective Time. 
 Section 4.5 Fortive Stock Plan.
Effective as of the Effective Time, Fortive shall have adopted the Fortive 2016 Stock Incentive Plan (the “Fortive Stock Plan”), which shall permit the grant and issuance of equity incentive awards denominated in Fortive Common
Stock as described in this Article IV. 
 Section 4.6 General Terms. 

(a) All of the adjustments described in this Article IV shall be effected in accordance with Sections 424 and 409A of the Code, in each case
to the extent applicable. Notwithstanding the foregoing, if the treatment set forth in this Article IV would cause adverse Tax consequences to any Fortive Employee located outside of the United States, the Parties shall use their reasonable best
efforts to cause the treatment to be conformed in a manner that does not give rise to such adverse Tax consequences, to the extent practicable. 

(b) The Parties shall use their reasonable best efforts to maintain effective registration statements with the Securities Exchange Commission
with respect to the awards described in this Article IV, to the extent any such registration statement is required by applicable Law. 

(c) The Parties hereby acknowledge that the provisions of this Article IV are intended to achieve certain tax, legal and accounting
objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives. 

ARTICLE V 

ADDITIONAL MATTERS 

Section 5.1 Cash Incentive Programs. As soon as practicable following the date on which the employment of the Fortive Employees is
transferred to Fortive, Danaher shall 

  
 14 

 
transfer to Fortive an amount in cash equal to the Accrued Incentive Amount. For the remainder of the applicable cash incentive or sales commission period in effect as of the date on which the
transfer of such employment occurs, Fortive shall provide that each Fortive Employee shall continue to be eligible to receive a cash incentive bonus or sales commission payment in accordance with the same terms and conditions as applied to such
Fortive Employee under the corresponding Danaher incentive or sales commission program as in effect immediately prior to the date of such transfer, as equitably adjusted by Fortive to the extent necessary to reflect the transactions contemplated by
the Separation and Distribution Agreement; provided that in no event shall the aggregate incentive amounts paid to the Fortive Employees in respect of such applicable period be less than the Accrued Incentive Amount. 

Section 5.2 Time-Off Benefits. Unless otherwise required in a Collective Bargaining Agreement, the Transfer Regulations or
applicable Law, Fortive shall (i) credit each Fortive Employee with the amount of accrued but unused vacation time, paid time-off and other time-off benefits as such Fortive Employee had with the Danaher Group as of immediately before the date
on which the employment of the Fortive Employee transfers to Fortive and (ii) permit each such Fortive Employee to use such accrued but unused vacation time, paid time off and other time-off benefits in the same manner and upon the same terms
and conditions as the Fortive Employee would have been so permitted under the terms and conditions of the applicable Danaher policies in effect for the year in which such transfer of employment occurs. 

Section 5.3 Workers’ Compensation Liabilities. Effective no later than the Effective Time, Fortive shall assume all
Liabilities for Fortive Employees, Fortive Independent Contractors and Former Fortive Service Providers related to any and all workers’ compensation injuries, incidents, conditions, claims or coverage, whenever incurred, and Fortive shall be
fully responsible for the administration, management and payment of all such claims and satisfaction of all such Liabilities. Notwithstanding the foregoing, if Fortive is unable to assume any such Liability or the administration, management or
payment of any such claim solely because of the operation of applicable Law, Danaher shall retain such Liabilities and Fortive shall reimburse and otherwise fully indemnify Danaher for all such Liabilities, including the costs of administering the
plans, programs or arrangements under which any such Liabilities have accrued or otherwise arisen. 
 Section 5.4 COBRA and HIPAA
Compliance in the United States. Effective no later than the Effective Time, Fortive shall assume and be responsible for administering compliance with the health care continuation requirements of COBRA and the certificate of creditable coverage
requirements of HIPAA, in accordance with the provisions of the Fortive Welfare Plans, with respect to Fortive Employees or Fortive Former Service Providers who incurred a COBRA qualifying event or loss of coverage under a Danaher Welfare Plan at
any time on or before the Effective Time. Fortive shall also be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding
provisions of the Fortive Welfare Plans with respect to Fortive Employees and their covered dependents who incur a COBRA qualifying event or loss of coverage under the Fortive Welfare Plans at any time after the Effective Time. 

  
 15 

 Section 5.5 Retention Bonuses. Any retention bonuses payable to any Fortive Employees
that relate to the transactions contemplated by the Separation and Distribution Agreement and become payable after the date on which the employment of the Fortive Employee transfers to Fortive shall be assumed by Fortive as of the date of such
transfer and Fortive shall pay all amounts payable thereunder to the applicable Fortive Employees in accordance with the terms thereof. 

Section 5.6 Code Sections 162(m)/409A. Notwithstanding anything in this Agreement to the contrary, the Parties shall negotiate in
good faith regarding the need for any treatment different from that otherwise provided herein with respect to the payment of compensation to ensure that (i) a federal income Tax deduction for the payment of such compensation is not limited by
reason of Section 162(m) of the Code, and (ii) the treatment of such compensation does not cause the imposition of a Tax under Section 409A of the Code. In no event, however, shall any Party be liable to another in respect of any
Taxes imposed under, or any other costs or Liabilities relating to, Section 409A of the Code or the denial of any Tax deduction by reason of Section 162(m) of the Code. 

Section 5.7 Payroll Taxes and Reporting. The Parties shall, to the extent practicable, (i) treat Fortive or a member of the
Fortive Group as a “successor employer” and Danaher (or the appropriate member of the Danaher Group) as a “predecessor,” within the meaning of Sections 3121(a)(1) and 3306(b)(1) of the Code, with respect to Fortive Employees for
purposes of Taxes imposed under the United States Federal Unemployment Tax Act or the United States Federal Insurance Contributions Act, and (ii) cooperate with each other to avoid, to the extent possible, the filing of more than one IRS Form
W-2 with respect to each Fortive Employee for the calendar year in which the Effective Time occurs. 
 Section 5.8 Regulatory
Filings. Subject to applicable Law and the Tax Matters Agreement, Danaher shall retain responsibility for all employee-related regulatory filings for reporting periods ending at or prior to the Effective Time, except for Equal Employment
Opportunity Commission EEO-1 reports and affirmative action program (AAP) reports and responses to Office of Federal Contract Compliance Programs (OFCCP) submissions, for which Danaher shall provide data and information (to the extent permitted by
applicable Laws) to Fortive, which shall be responsible for making such filings in respect of Fortive Employees. 
 Section 5.9
Disability. 
 (a) To the extent any Fortive Employee is, as of the Effective Time, receiving payments as part of any short-term
disability program that is part of a Danaher Welfare Plan, such Fortive Employee’s rights to continued short-term disability benefits will transfer to a Fortive Welfare Plan as of the Effective Time, and the remainder (if any) of such Fortive
Employee’s short-term disability benefits will be paid by a Fortive Welfare Plan. 
 (b) For any Former Fortive Service Provider who
is, as of the Effective Time, receiving payments as part of any long-term disability program that is part of a Danaher Welfare Plan, and has been receiving payments from such plan for twelve (12) months or fewer before the Effective Time, to the
extent such Former Fortive Service may have any “return to work” rights under the terms of such Danaher Welfare Plan, such Former Fortive Service Provider’s eligibility for re-employment shall be with Fortive or a member of the
Fortive Group, subject to availability of a suitable position (with such availability to be determined in the sole discretion by Fortive or the applicable member of the Fortive Group), provided however that, notwithstanding the foregoing, no
Former Fortive Service Provider described in this subsection will be eligible for re-employment as described in this subsection after the first anniversary of the Effective Time. 

Section 5.10 Certain Requirements. Notwithstanding anything in this Agreement to the contrary, if the Transfer Regulations, the terms
of a Collective Bargaining Agreement or applicable Law require that any assets or Liabilities be retained by the Danaher Group or transferred to or assumed by the Fortive Group in a manner that is different from that set forth in this Agreement,
such retention, transfer or assumption shall be made in accordance with the terms of such Collective Bargaining Agreement or applicable Law and shall not be made as otherwise set forth in this Agreement. 

  
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 ARTICLE VI 

GENERAL AND ADMINISTRATIVE 

Section 6.1 Employer Rights. Nothing in this Agreement shall be deemed to be an amendment to any Danaher Benefit Arrangement or
Fortive Benefit Arrangement or to prohibit any member of the Danaher Group or Fortive Group, as the case may be, from amending, modifying or terminating any Danaher Benefit Arrangement or Fortive Benefit Arrangement at any time within its sole
discretion. 
 Section 6.2 Effect on Employment. Nothing in this Agreement is intended to or shall confer upon any employee or
former employee of Danaher, Fortive or any of their respective Affiliates any right to continued employment, or any recall or similar rights to any such individual on layoff or any type of approved leave. 

Section 6.3 Consent of Third Parties. If any provision of this Agreement is dependent on the Consent of any third party and such
Consent is withheld, the Parties shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such
third party to consent, the Parties hereto shall negotiate in good faith to implement the provision (as applicable) in a mutually satisfactory manner. 

Section 6.4 Access to Employees. On and after the Effective Time, Danaher and Fortive shall, or shall cause each of their
respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between Danaher and Fortive) to which any
employee or director of the Danaher Group or the Fortive Group or any Danaher Benefit Arrangement or Fortive Benefit Arrangement is a party and which relates to a Danaher Benefit Arrangement or Fortive Benefit Arrangement. The Party to whom an
employee is made available in accordance with this Section 6.4 shall pay or reimburse the other Party for all reasonable expenses which may be incurred by such employee in connection therewith, including all reasonable travel, lodging,
and meal expenses, but excluding any amount for such employee’s time spent in connection herewith. 
 Section 6.5 Beneficiary
Designation/Release of Information/Right to Reimbursement. To the extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations, authorizations for the release of Information and rights
to reimbursement made by or relating to Fortive Employees under Danaher Benefit Arrangements shall be transferred to and be in full force and effect under the corresponding Fortive Benefit Arrangements until such beneficiary designations,
authorizations or rights are replaced or revoked by, or no longer apply, to the relevant Fortive Employee. 
 Section 6.6 No Third
Party Beneficiaries. This Agreement is solely for the benefit of the Parties and, except to the extent otherwise expressly provided herein, nothing in this Agreement, express or implied, is intended to confer any rights, benefits, remedies,
obligations or Liabilities under this Agreement upon any Person, including any Fortive Employee or other current or former employee, officer, director or contractor of the Danaher Group or Fortive Group, other than the Parties and their respective
successors and assigns. 

  
 17 

 Section 6.7 No Acceleration of Benefits. Except as otherwise provided in this
Agreement, no provision of this Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any Fortive Employee or other former, current or future employee of the
Danaher Group or Fortive Group under any Benefit Arrangement of the Danaher Group or Fortive Group. 
 Section 6.8 Employee Benefits
Administration. At all times following the date hereof, the Parties will cooperate in good faith as necessary to facilitate the administration of employee benefits and the resolution of related employee benefit claims with respect to Fortive
Employees, Former Fortive Service Providers and employees and other service providers of Danaher, as applicable, including with respect to the provision of employee level information necessary for the other Party to manage, administer, finance and
file required reports with respect to such administration. 
 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Entire Agreement. This Agreement and the Separation and Distribution Agreement, including the Exhibits and Schedules
thereto, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments, course of dealings and writings with respect to such subject matter. 

Section 7.2 Counterparts. This Agreement may be executed in more than one counterpart, all of which shall be considered one and
the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to each of the Parties. 

Section 7.3 Survival of Agreements. Except as otherwise contemplated by this Agreement, all covenants and agreements of the
Parties contained in this Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms. 

Section 7.4 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 7.4): 

To Danaher: 
 Danaher
Corporation 
 2200 Pennsylvania Ave., NW - Suite 800W 

Washington, DC 20037-1701 

Attn: [●] 
 Facsimile:
[●] 

  
 18 

 To Fortive: 

Fortive Corporation 
 6920
Seaway Blvd. 
 Everett, WA 98203 

Attn: [●] 
 Facsimile:
[●] 
 Section 7.5 Waivers. Any consent required or permitted to be given by any Party to the other Party under this
Agreement shall be in writing and signed by the Party giving such consent and shall be effective only against such Party (and its Group). 

Section 7.6 Assignment. This Agreement shall not be assignable, in whole or in part, directly or indirectly, by any Party hereto
without the prior written consent of the other Party (not to be unreasonably withheld or delayed), and any attempt to assign any rights or obligations arising under this Agreement without such consent shall be void. Notwithstanding the foregoing,
this Agreement shall be assignable to (i) with respect to Danaher, an Affiliate of Danaher, or (ii) a bona fide third party in connection with a merger, reorganization, consolidation or the sale of all or substantially all the assets of a
party hereto so long as the resulting, surviving or transferee entity assumes all the obligations of the relevant party hereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the other Party to this
Agreement; provided however that in the case of each of the preceding clauses (i) and (ii), no assignment permitted by this Section 7.6 shall release the assigning Party from liability for the full performance of its
obligations under this Agreement. 
 Section 7.7 Successors and Assigns. 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. 

Section 7.8 Termination and Amendment. This Agreement may be terminated, modified or amended and the Distribution may be amended,
modified or abandoned at any time prior to the Effective Time by and in the sole discretion of Danaher without the approval of Fortive or the stockholders of Danaher. In the event of such termination, no Party shall have any liability of any kind to
the other Party or any other Person. After the Effective Time, this Agreement may not be terminated, modified or amended except by an agreement in writing signed by Danaher and Fortive. 

Section 7.9 Subsidiaries. Each of the Parties shall cause to be performed, and hereby guarantees the performance of, all actions,
agreements and obligations set forth herein to be performed by any Subsidiary of such Party or by any entity that becomes a Subsidiary of such Party at and after the Effective Time, to the extent such Subsidiary remains a Subsidiary of the
applicable Party. 

  
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 Section 7.10 Third Party Beneficiaries. This Agreement is solely for the benefit of
the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, claim of Action or other right in excess of those existing without reference to this Agreement. 

Section 7.11 Title and Headings. Titles and headings to sections herein 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. 
 Section 7.12 Governing Law. 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.

 Section 7.13 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. 

Section 7.14 Interpretation. The Parties have participated jointly in the negotiation and drafting of this Agreement. This
Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting or causing any instrument to be drafted. 

Section 7.15 No Duplication; No Double Recovery. Nothing in this Agreement is intended to confer to or impose upon any Party a
duplicative right, entitlement, obligation or recovery with respect to any matter arising out of the same facts and circumstances. 

Section 7.16 No Waiver. 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; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. 
 Section 7.17 No Admission of Liability. The allocation of Assets and Liabilities herein is solely for the purpose
of allocating such Assets and Liabilities between Danaher and Fortive and is not intended as an admission of liability or responsibility for any alleged Liabilities vis-à-vis any third party, including with respect to the Liabilities of any
non-wholly owned subsidiary of Danaher or Fortive. 
 [Signature Page Follows] 

  
 20 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day and
year first above written. 
  

			
	DANAHER CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	FORTIVE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:EX-10.3

 Exhibit 10.3 

FORM OF 
 TAX MATTERS AGREEMENT

 by and between 
 DANAHER
CORPORATION 
 and 
 FORTIVE
CORPORATION 
 Dated as of [●], 2016 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
			
		  	Article I	  			
			
		  	DEFINITIONS	  			
			
	 1.1
	  	General	  	 	2	  
			
		  	Article II	  			
			
		  	PAYMENTS AND TAX REFUNDS	  			
			
	 2.1
	  	U.S. Federal Income Tax Relating to Joint Returns	  	 	7	  
	 2.2
	  	U.S. Federal Income Tax Relating to Separate Returns	  	 	8	  
	 2.3
	  	U.S. State Tax Relating to Joint Returns	  	 	8	  
	 2.4
	  	U.S. State Tax Relating to Separate Returns	  	 	8	  
	 2.5
	  	Foreign Tax Relating to Joint Returns	  	 	9	  
	 2.6
	  	Foreign Tax Relating to Separate Returns	  	 	9	  
	 2.7
	  	Determination of Tax Attributable to the Fortive Business	  	 	9	  
	 2.8
	  	Allocation of Employment Taxes	  	 	10	  
	 2.9
	  	Tax Refunds	  	 	10	  
	 2.10
	  	Prior Agreements	  	 	10	  
			
		  	Article III	  			
			
		  	PREPARATION AND FILING OF TAX RETURNS	  			
			
	 3.1
	  	Danaher’s Responsibility	  	 	10	  
	 3.2
	  	Fortive’s Responsibility	  	 	10	  
	 3.3
	  	Right To Review Tax Returns	  	 	10	  
	 3.4
	  	Cooperation	  	 	11	  
	 3.5
	  	Tax Reporting Practices	  	 	11	  
	 3.6
	  	Reporting of Reorganization	  	 	11	  
	 3.7
	  	Payment of Taxes	  	 	11	  
	 3.8
	  	Amended Returns and Carrybacks	  	 	12	  
	 3.9
	  	Tax Attributes	  	 	12	  
			
		  	Article IV	  			
			
		  	TAX-FREE STATUS OF THE DISTRIBUTION	  			
			
	 4.1
	  	Representations and Warranties	  	 	12	  
	 4.2
	  	Restrictions Relating to the Distribution	  	 	13	  

  
 i 

							
		  	Article V	  			
			
		  	INDEMNITY OBLIGATIONS	  			
	 5.1
	  	Indemnity Obligations	  	 	15	  
	 5.2
	  	Indemnification Payments	  	 	16	  
	 5.3
	  	Payment Mechanics	  	 	16	  
	 5.4
	  	Treatment of Payments	  	 	16	  
			
		  	Article VI	  			
			
		  	TAX CONTESTS	  			
			
	 6.1
	  	Notice	  	 	17	  
	 6.2
	  	Separate Returns	  	 	17	  
	 6.3
	  	Joint Return.	  	 	17	  
	 6.4
	  	Obligation of Continued Notice	  	 	17	  
	 6.5
	  	Settlement Rights	  	 	17	  
			
		  	Article VII	  			
			
		  	COOPERATION	  			
			
	 7.1
	  	General	  	 	18	  
	 7.2
	  	Consistent Treatment	  	 	19	  
			
		  	Article VIII	  			
			
		  	RETENTION OF RECORDS; ACCESS	  			
			
	 8.1
	  	Retention of Records	  	 	19	  
	 8.2
	  	Access to Tax Records	  	 	19	  
			
		  	Article IX	  			
			
		  	DISPUTE RESOLUTION	  			
			
		  	Article X	  			
			
		  	MISCELLANEOUS PROVISIONS	  			
			
	 10.1
	  	Conflicting Agreements	  	 	20	  
	 10.2
	  	Interest on Late Payments	  	 	20	  
	 10.3
	  	Successors	  	 	20	  
	 10.4
	  	Application to Present and Future Subsidiaries	  	 	20	  
	 10.5
	  	Assignability	  	 	20	  
	 10.6
	  	No Fiduciary Relationship	  	 	21	  
	 10.7
	  	Further Assurances	  	 	21	  
	 10.8
	  	Survival	  	 	21	  
	 10.9
	  	Notices	  	 	21	  
	 10.10
	  	Effective Date	  	 	22	  

  
 ii 

 FORM OF TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (this “Agreement”), is entered into as of
[            ], between Danaher Corporation, a Delaware corporation (“Danaher”) and Fortive Corporation, a Delaware corporation (“Fortive” and, together with
Danaher, the “Parties”). Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings ascribed to such terms in the Separation and Distribution Agreement, dated as of the date hereof, between the
Parties (the “Separation Agreement”). 
 R E C I T A L S 

WHEREAS, the board of directors of Danaher has determined that it is in the best interests of Danaher to separate Danaher’s diversified
industrial business from its science and technology business, creating two independent, publicly-traded companies (the “Separation”) and, following the Separation, to make a distribution of all of the outstanding Fortive Common
Stock owned by Danaher to holders of Danaher Common Stock on the Record Date, on a pro rata basis (the “Distribution”); 

WHEREAS, Fortive has been incorporated for these purposes and has not engaged in activities except those incidental to its formation and in
preparation for the Distribution; 
 WHEREAS, Danaher will effect certain restructuring transactions described in the Separation Plan for
the purpose of aggregating the Industrial Business in the Fortive Group prior to the Distribution (collectively, the “Reorganization”); 

WHEREAS, for U.S. federal income tax purposes, certain steps in the Reorganization and the Distribution, taken together, are intended to
qualify as a transaction that is tax-free under Sections 368(a)(1)(D) and 355 of the Code; and 
 WHEREAS, Danaher has requested the IRS
Ruling from the IRS; and 
 [WHEREAS, the Parties have undertaken the Debt-for-Debt Exchange / Debt-for-Equity Exchange, each as described
in the Separation Agreement]; and 
 WHEREAS, the Parties desire to (a) provide for the payment of Tax liabilities and entitlement to
refunds thereof, allocate responsibility for, and cooperation in, the filing of Tax Returns, and provide for certain other matters relating to Taxes and (b) set forth certain covenants and indemnities relating to the preservation of the
tax-free status of the Separation and Distribution. 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

 DEFINITIONS 

1.1 General. As used in this Agreement, the following terms shall have the following meanings: 

“Adjustment” shall mean an adjustment of any item of income, gain, loss, deduction, credit or any other item affecting Taxes
of a taxpayer pursuant to a Final Determination. 
 “Affiliate” shall mean, with respect to a Person, any other Person that
directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose, “control” of a Person means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” shall have the meaning set forth in the preamble hereto. 

“Ancillary Agreement” shall have the meaning set forth in the Separation Agreement. 

“Controlling Party” shall mean, with respect to a Tax Contest, the Party entitled to control such Tax Contest pursuant to
Articles 6.2 and 6.3 of this Agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended.

 “Danaher” shall have the meaning set forth in the preamble hereto. 

“Danaher Affiliated Group” shall mean an affiliated group (as that term is defined in Section 1504 of the Code and the
regulations thereunder) of which a member of the Danaher Group is a member. 
 “Danaher Common Stock” shall have the
meaning set forth in the Separation Agreement. 
 “Danaher Federal Consolidated Income Tax Return” shall mean any United
States federal income Tax Return for a Danaher Affiliated Group. 
 “Danaher Group” shall mean Danaher and each Person that
is a Subsidiary of Danaher (other than Fortive and any other member of the Fortive Group). 
 “Danaher Retained Business”
shall have the meaning set forth in the Separation Agreement. 
 “Danaher Separate Return” shall mean any Tax Return of or
including any member of the Danaher Group (including any consolidated, combined or unitary return) that does not include any member of the Fortive Group. 

“Distribution” shall have the meaning set forth in the recitals. 

“Distribution Date” shall have the meaning set forth in the Separation Agreement. 

  
 -2- 

 “Employee Matters Agreement” shall have the meaning set forth in the Separation
Agreement. 
 “Employment Tax” shall mean those Liabilities (as defined in the Separation Agreement) for Taxes which are
allocable pursuant to the provisions of the Employee Matters Agreement. 
 “Federal Income Tax” shall mean any Tax imposed
by Subtitle A of the Code other than an Employment Tax, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Final Determination” shall mean the final resolution of liability for any Tax for any taxable period, by or as a result of
(a) a final decision, judgment, decree or other order by any court of competent jurisdiction that can no longer be appealed, (b) a final settlement with the IRS, a closing agreement or accepted offer in compromise under Sections 7121 or
7122 of the Code, or a comparable agreement under the Laws of other jurisdictions, which resolves the entire Tax liability for any taxable period, (c) any allowance of a refund or credit in respect of an overpayment of Tax, but only after the
expiration of all periods during which such refund or credit may be recovered by the jurisdiction imposing the Tax, or (d) any other final resolution, including by reason of the expiration of the applicable statute of limitations or the
execution of a pre-filing agreement with the IRS or other Taxing Authority. 
 “Foreign Tax” shall mean any Tax imposed by
any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Fortive” shall have the meaning set forth in the preamble hereof. 

“Fortive Business” shall have the meaning set forth in the Separation Agreement. 

“Fortive Common Stock” shall have the meaning set forth in the Separation Agreement. 

“Fortive Group” shall mean Fortive and each Person that will be a Subsidiary of Fortive as of immediately after the Effective
Time. 
 [”Fortive Securities” shall mean [●].] 

“Fortive Separate Return” shall mean any Tax Return of or including any member of the Fortive Group (including any
consolidated, combined or unitary return) that does not include any member of the Danaher Group. 
 “Group” shall mean
either the Fortive Group or the Danher Group, as the context requires. 
 “Income Tax” shall mean any federal, state, local
or Foreign Tax determined by reference to income, gains, net worth, gross receipts, or any Taxes imposed in lieu of such a Tax. 

“Indemnifying Party” shall have the meaning set forth in Article 5.2. 

  
 -3- 

 “Indemnitee” shall have the meaning set forth in Article 5.2. 

“IRS” shall mean the United States Internal Revenue Service or any successor thereto, including, but not limited to its
agents, representatives, and attorneys. 
 “IRS Ruling” means the U.S. federal income Tax ruling and any supplements
thereto, issued to Dahaner by the IRS in connection with the Reorganization, Separation and Distribution. 
 “IRS Ruling
Request” means any letter filed by Danaher with the IRS requesting a ruling regarding certain tax consequences of the Reorganization, Separation and Distribution and any amendment or supplement to such ruling request letter. 

“Joint Return” shall mean any Tax Return that actually includes, by election or otherwise, one or more members of the Danaher
Group together with one or more members of the Fortive Group. 
 “Law” shall have the meaning set forth in the Separation
Agreement. 
 “Non-Controlling Party” shall mean, with respect to a Tax Contest, the Party that is not entitled to control
such Tax Contest pursuant to Articles 6.2 and 6.3 of this Agreement. 
 “Parties” shall mean the parties to
this Agreement. 
 “Past Practices” shall have the meaning set forth in Article 3.5. 

“Person” shall have the meaning set forth in the Separation Agreement. 

“Post-Distribution Period” shall mean any taxable period (or portion thereof) beginning after the Distribution Date,
including for the avoidance of doubt, the portion of any Straddle Period beginning after the Distribution Date. 
 “Pre-Distribution
Period” shall mean any taxable period (or portion thereof) ending on or before the Distribution Date, including for the avoidance of doubt, the portion of any Straddle Period ending at the end of the day on the Distribution Date. 

“Prohibited Acts” shall have the meaning set forth in Article 4.2. 

“Proposed Acquisition Transaction” shall mean a transaction or series of transactions (or any agreement, understanding or
arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulation Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is
supported by Fortive management or shareholders, is a hostile acquisition, or otherwise, as a result of which Fortive (or any successor thereto) would merge or consolidate with any other Person or as a result of which one or more Persons would
(directly or indirectly) acquire, or have the right to acquire, from Fortive (or any successor thereto) and/or one or more holders of Fortive Common Stock, respectively, any amount of stock of Fortive, that would, when combined with any other direct
or indirect changes in ownership of the stock of Fortive pertinent for purposes of Section 

  
 -4- 

 
355(e) of the Code and the Treasury Regulations promulgated thereunder, comprise fifty percent (50%) or more of (i) the value of all outstanding shares of Fortive as of the date of such
transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (ii) the total combined voting power of all outstanding shares of voting stock of Fortive as of the date of the such transaction, or in
the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by Fortive of a shareholder rights plan or
(ii) issuances by Fortive that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury
Regulation Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect
acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and the Treasury Regulations promulgated thereunder and shall be
interpreted accordingly. Any clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the Code shall be incorporated in this definition and its interpretation. 

“Reasonable Basis” shall mean reasonable basis within the meaning of Section 6662(d)(2)(B)(ii)(II) of the Code and the
Treasury Regulations promulgated thereunder (or such other level of confidence required by the Code at that time to avoid the imposition of penalties). 

“Record Date” shall have the meaning set forth in the Separation Agreement. 

“Refund” shall mean any refund, reimbursement, offset, credit, or other similar benefit in respect of Taxes (including any
overpayment of Taxes that can be refunded or, alternatively, applied against other Taxes payable), including any interest paid on or with respect to such refund of Taxes; provided, however, that the amount of any refund of Taxes shall
be net of any Taxes imposed by any Taxing Authority on, related to, or attributable to, the receipt of or accrual of such refund, including any Taxes imposed by way of withholding or offset. 

“Reorganization” shall have the meaning set forth in the recitals. 

“Responsible Party” shall mean, with respect to any Tax Return, the Party having responsibility for preparing and filing such
Tax Return pursuant to this Agreement. 
 “Restricted Period” shall mean the period which begins with the Distribution Date
and ends two (2) years thereafter. 
 “Separate Return” shall mean a Danaher Separate Return or a Fortive Separate
Return, as the case may be. 
 “Separation” shall have the meaning set forth in the recitals. 

“Separation Agreement” shall have the meaning set forth in the preamble hereto. 

“Separation Plan” shall mean the [Global Macro Step Plan, dated [●]]. 

  
 -5- 

 “Straddle Period” shall mean any taxable year or other taxable period that
begins on or before the Distribution Date and ends after the Distribution Date. 
 “State Tax” means any Tax imposed by any
State of the United States or by any political subdivision of any such State, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Subsidiary” shall have the meaning set forth in the Separation Agreement. 

“Tax” or “Taxes” shall mean (i) all taxes, charges, fees, duties, levies, imposts, rates or other
assessments or governmental charges of any kind imposed by any federal, state, local or non-United States Taxing Authority, including, without limitation, income, gross receipts, employment, excise, severance, stamp, occupation, premium, windfall
profits, environmental, custom duties, property, sales, use, license, capital stock, transfer, franchise, registration, payroll, withholding, social security, unemployment, disability, value added, alternative or add-on minimum or other taxes,
whether disputed or not, and including any interest, penalties, charges or additions attributable thereto, (ii) liability for the payment of any amount of the type described in clause (i) above arising as a result of being (or having been)
a member of any group or being (or having been) included or required to be included in any Tax Return related thereto, and (iii) liability for the payment of any amount of the type described in clauses (i) or (ii) above as a result of
any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. 
 “Tax
Attribute” shall mean net operating losses, capital losses, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, separate limitation losses and any other
losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period. 
 “Tax
Certificates” shall mean any certificates of officers of Danaher and Fortive, provided to Skadden, Arps, Slate, Meagher & Flom LLP, or any other law or accounting firm in connection with any Tax Opinion issued in connection with
the Reorganization or Distribution. 
 “Tax Contest” shall have the meaning set forth in Article 6.1. 

“Tax-Free Status of the Transactions” shall mean the qualification of the Reorganization, [the Debt-for-Debt Exchange, the
Debt-for-Equity Exchange] and the Distribution for the intended tax treatment, including as set forth in any Tax Opinion, the Separation Plan and the IRS Ruling. 

“Tax Item” shall mean any item of income, gain, loss, deduction, or credit. 

“Tax Law” shall mean the law of any Taxing Authority or political subdivision thereof relating to any Tax. 

“Tax Materials” shall have the meaning set forth in Article 4.1(a). 

  
 -6- 

 “Tax Opinion” shall mean any written opinion of Skadden, Arps, Slate,
Meagher & Flom LLP or any other law or accounting firm, regarding certain tax consequences of certain transactions executed as part of the Reorganization and the Distribution. 

“Tax Records” shall have the meaning set forth in Article 8.1. 

“Tax-Related Losses” shall mean (i) all accounting, legal and other professional fees, and court costs incurred in
connection with such Taxes, as well as any other out-of-pocket costs incurred in connection with such Taxes; and (ii) all costs, expenses and damages associated with stockholder litigation or controversies and any amount paid by Danaher (or any
of its Affiliates) or Fortive (or any of its Affiliates) in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Taxing Authority, in each case, resulting from the failure of the Reorganization,
Distribution, or any transaction associated therewith to be tax-free or otherwise have the tax treatment described in the Tax Opinion or IRS Ruling. 

“Tax Return” shall mean any return, report, certificate, form or similar statement or document (including any related
supporting information or schedule attached thereto and any information return, amended tax return, claim for refund or declaration of estimated tax) supplied to or filed with, or required to be supplied to or filed with, a Taxing Authority, or any
bill for or notice related to ad valorem or other similar Taxes received from a Taxing Authority, in each case, in connection with the determination, assessment or collection of any Tax or the administration of any laws, regulations or
administrative requirements relating to any Tax. 
 “Taxing Authority” shall mean any governmental authority or any
subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS). 

“Treasury Regulations” shall mean the regulations promulgated from time to time under the Code as in effect for the relevant
tax period. 
 “Unqualified Tax Opinion” shall mean a “will” opinion, without substantive qualifications, of a
nationally recognized Law or accounting firm, to the effect that a transaction will not affect the Tax-Free Status of the Transactions. 

PAYMENTS AND TAX REFUNDS 
 2.1
U.S. Federal Income Tax Relating to Joint Returns. 
 (a) Danaher shall pay and be responsible for any and all Federal Income Taxes
due with respect to or required to be reported on any Joint Return (including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 

(b) Fortive shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Joint
Return (including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Fortive Business for all Post Distribution Periods. 

  
 -7- 

 (c) Danaher shall pay and be responsible for any and all Federal Income Taxes due with respect to
or required to be reported on any Joint Return (including any increase in such Tax as a result of a Final Determination) other than those Federal Income Taxes described in Section 2.1(b) for all Post Distribution Periods. 

2.2 U.S. Federal Income Tax Relating to Separate Returns. 

(a) Danaher shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Danaher
Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 
 (b) Fortive shall pay and
be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Fortive Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 

2.3 U.S. State Tax Relating to Joint Returns. 

(a) Danaher shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 
 (b) Fortive shall pay and be
responsible for any and all State Taxes due with respect to or required to be reported on any Joint Return (including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Fortive Business for all Post
Distribution Periods. 
 (c) Danaher shall pay and be responsible for any and all State Taxes due with respect to or required to be reported
on any Joint Return (including any increase in such Tax as a result of a Final Determination) other than those State Taxes described in Section 2.3(b) for all Post Distribution Periods. 

2.4 U.S. State Tax Relating to Separate Returns. 

(a) Danaher shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Danaher Separate
Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 
 (b) Fortive shall pay and be
responsible for any and all State Taxes due with respect to or required to be reported on any Fortive Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 

  
 -8- 

 2.5 Foreign Tax Relating to Joint Returns. 

(a) Danaher shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 
 (b) Fortive shall pay and be
responsible for any and all Foreign Taxes due with respect to or required to be reported on any Joint Return (including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Fortive Business for all Post
Distribution Periods. 
 (c) Danaher shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be
reported on any Joint Return (including any increase in such Tax as a result of a Final Determination) other than those Foreign Taxes described in Section 2.5(b) for all Post Distribution Periods. 

2.6 Foreign Tax Relating to Separate Returns. 

(a) Danaher shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Danaher Separate
Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 
 (b) Fortive shall pay and be
responsible for any and all Foreign Taxes due with respect to or required to be reported on any Fortive Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. 

2.7 Determination of Tax Attributable to the Fortive Business. 

(a) For purposes of Section 2.1(b), the amount of Federal Income Taxes attributable to the Fortive Business shall be reasonably determined
by Danaher on a pro forma Fortive Group consolidated return prepared: 
 (i) including only Tax Items of members of the
Fortive Group that were included in the relevant Danaher Federal Consolidated Income Tax Return; 
 (ii) except as provided
in Section 2.7(a)(iv) hereof, using all elections, accounting methods and conventions used on the relevant Danaher Federal Consolidated Income Tax Return for such period; 

(iii) applying the highest statutory marginal corporate income Tax rate in effect for such taxable period; 

(iv) assuming that the Fortive Group elects not to carry back any net operating losses. 

(b) The amount of State Taxes and Foreign Taxes shall be as reasonably determined by Danaher in a manner consistent with the principles of
Section 2.7(a), to the extent relevant. 

  
 -9- 

 2.8 Allocation of Employment Taxes. Liability for Employment Taxes shall be determined
pursuant to the Employee Matters Agreement. 
 2.9 Tax Refunds. 

(a) Danaher shall be entitled to all Refunds related to Taxes the liability for which is allocated to Danaher pursuant to this Agreement. 

(b) Fortive shall pay to Danaher any Refund received by Fortive or any member of the Fortive Group that is allocable to Danaher pursuant to
this Article 2.9 no later than five (5) Business Days after the receipt of such Refund. For purposes of this Article 2.9(b), any Refund that arises as a result of an offset, credit, or other similar benefit in respect of Taxes
other than a receipt of cash shall be deemed to be received on the earlier of (i) the date on which a Tax Return is filed claiming such offset, credit, or other similar benefit and (ii) the date on which payment of the Tax which would have
otherwise been paid absent such offset, credit, or other similar benefit is due (determined without taking into account any applicable extensions). 

2.10 Prior Agreements. Except as set forth in this Agreement and in consideration of the mutual indemnities and other obligations of
this Agreement, any and all prior Tax sharing or allocation agreements or practices between any member of the Danaher Group and any member of the Fortive Group shall be terminated with respect to the Fortive Group and the Danaher Group as of the
Distribution Date. No member of either the Fortive Group or the Danaher Group shall have any continuing rights or obligations under any such agreement. 

PREPARATION AND FILING OF TAX RETURNS 

3.1 Danaher’s Responsibility. Danaher shall prepare and file when due (taking into account any applicable extensions), or shall
cause to be prepared and filed, all Joint Returns and all Danaher Separate Returns. 
 3.2 Fortive’s Responsibility. Fortive
shall prepare and file when due (taking into account any applicable extensions), or shall cause to be prepared and filed, all Tax Returns required to be filed by or with respect to members of the Fortive Group other than those Tax Returns which
Danaher is required to prepare and file under Section 3.1. The Tax Returns required to be prepared and filed by Fortive under this Section 3.2 shall include any Fortive Separate Returns. 

3.3 Right To Review Tax Returns. To the extent that the positions taken on any Tax Return would reasonably be expected to materially
adversely affect the Tax position of the Party other than the Party that is required to prepare and file any such Tax Return pursuant to Section 3.1 or 3.2 (the “Reviewing Party”), the Party required to prepare and file such
Tax Return (the “Preparing Party”) shall prepare the portions of such Tax Return that relates to the business of the Reviewing Party (the Danaher Retained Business or the Fortive Business, as the case may be), shall provide a draft
of such portion of such Tax Return to the Reviewing Party for its review and comment at least thirty (30) days prior to the Due Date for such Tax Return, and shall modify such portion of such Tax Return before filing to include the Reviewing
Party’s reasonable comments, provided, however, that nothing herein shall prevent the Preparing Party from timely filing any such Tax Return. 

  
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 3.4 Cooperation. The Parties shall provide, and shall cause their Affiliates to provide,
assistance and cooperation to one another in accordance with Article VII with respect to the preparation and filing of Tax Returns, including providing information required to be provided in Article VIII. 

3.5 Tax Reporting Practices. Except as provided in Article 3.6, with respect to any Tax Return for any taxable period that
begins on or before the second anniversary of the Distribution Date with respect to which Fortive is the Responsible Party, such Tax Return shall be prepared in a manner (i) consistent with past practices, accounting methods, elections and
conventions (“Past Practices”) used with respect to the Tax Returns in question (unless there is no Reasonable Basis for the use of such Past Practices), and to the extent any items are not covered by Past Practices (or in the event
that there is no Reasonable Basis for the use of such Past Practices), in accordance with reasonable Tax accounting practices selected by Fortive; and (ii) that, to the extent consistent with clause (i), minimizes the overall amount of Taxes
due and payable on such Tax Return for all of the Parties by cooperating in making such elections or applications for group or other relief or allowances available in the taxing jurisdiction in which such Tax Return is filed. Fortive shall not take
any action inconsistent with the assumptions (including items of income, gain, deduction, loss and credit) made in determining all estimated or advance payments of Taxes on or prior to the Distribution Date. In addition, Fortive shall not be
permitted, and shall not permit any member of the Fortive Group, to make a change in any of its methods of accounting for tax purposes until all applicable statutes of limitations for all Pre-Distribution Periods and Straddle Periods have expired.

 3.6 Reporting of Reorganization. The Tax treatment of any step in or portion of the Reorganization shall be reported on each
applicable Tax Return consistently with the treatment thereof in any Tax Opinion, taking into account the jurisdiction in which such Tax Returns are filed, unless there is no Reasonable Basis for such Tax treatment. In the event that a Party shall
determine that there is no Reasonable Basis for such Tax treatment, such Party shall notify the other Party no later than twenty (20) Business Days prior to filing the relevant Tax Return and the Parties shall attempt in good faith to agree on
the manner in which the relevant portion of the Reorganization shall be reported. If Danaher determines, in its sole discretion, that a protective election under Section 336(e) of the Code shall be made with respect to the Reorganization,
Fortive agrees to take any such action that is necessary to effect such election, including any corresponding election with respect to any of its Subsidiaries, as determined by Danaher. If such a protective election is made, this Agreement shall be
amended in such a manner as is determined by Danaher in its good faith to compensate Danaher for any tax benefits realized by Fortive as a result of such election. 

3.7 Payment of Taxes. 

(a) With respect to any Tax Return required to be filed pursuant to this Agreement, the Responsible Party shall remit or cause to be remitted
to the applicable Taxing Authority in a timely manner any Taxes due in respect of any such Tax Return. 

  
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 (b) In the case of any Tax Return for which the Party that is not the Responsible Party is
obligated pursuant to this Agreement to pay all or a portion of the Taxes reported as due on such Tax Return, the Responsible Party shall notify the other Party, in writing, of its obligation to pay such Taxes and, in reasonably sufficient detail,
its calculation of the amount due by such other Party and the Party receiving such notice shall pay such amount to the Responsible Party upon the later of five (5) Business Days prior to the date on which such payment is due and fifteen
(15) Business Days after the receipt of such notice. 
 3.8 Amended Returns and Carrybacks. 

(a) Fortive shall not, and shall not permit any member of the Fortive Group to, file or allow to be filed any request for an Adjustment for any
Pre-Distribution Period or Straddle Period without the prior written consent of Danaher, such consent to be exercised in Danaher’s sole discretion. 

(b) Fortive shall, and shall cause each member of the Fortive Group to, make any available elections to waive the right to carry back any Tax
Attribute from a taxable period or portion thereof ending after the Distribution Date to a taxable period or portion thereof ending on or before the Distribution Date. 

(c) Fortive shall not, and shall cause each member of the Fortive Group not to, without the prior written consent of Danaher, make any
affirmative election to carry back any Tax Attribute from a taxable period or portion thereof ending after the Distribution Date to a taxable period or portion thereof ending on or before the Distribution Date, such consent to be exercised in
Danaher’s sole discretion. 
 (d) Receipt of consent by Fortive or a member of the Fortive Group from Danaher pursuant to the
provisions of this Article 3.8 shall not limit or modify Fortive’s continuing indemnification obligation pursuant to Article V. 

3.9 Tax Attributes. 
 (a)
Danaher shall in good faith advise Fortive in writing of the amount, if any of any Tax Attributes, which Danaher determines, in its sole and absolute discretion, shall be allocated or apportioned to the Fortive Group under applicable law. Fortive
and all members of the Fortive Group shall prepare all Tax Returns in accordance with such written notice. Fortive agrees that it shall not dispute Danaher’s allocation or apportionment of Tax Attributes. 

TAX-FREE STATUS OF THE DISTRIBUTION 

4.1 Representations and Warranties. 

(a) Danaher, on behalf of itself and all other members of the Danaher Group, hereby represents and warrants that (i) it has examined the
IRS Ruling, the Tax Opinions, the IRS Ruling Request, the Tax Certificates and any other materials delivered or deliverable in connection with the issuance of the Ruling and the rendering of the Tax Opinions (collectively,

  
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the “Tax Materials”) and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Danaher or any member of the
Danaher Group or the Danaher Retained Business, were, at the time presented or represented and from such time until and including the Distribution Date, true, correct, and complete in all material respects. Danaher, on behalf of itself and all other
members of the Danaher Group, hereby confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Danaher or any member of the Danaher Group or the Danaher Retained Business. 

(b) Fortive, on behalf of itself and all other members of the Fortive Group, hereby represents and warrants that (i) it has examined the
Tax Materials and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Fortive or any member of the Fortive Group or the Fortive Business, were, at the time presented or represented
and from such time until and including the Distribution Date, true, correct, and complete in all material respects. Fortive, on behalf of itself and all other members of the Fortive Group, hereby confirms and agrees to comply with any and all
covenants and agreements in the Tax Materials applicable to Fortive or any member of the Fortive Group or the Fortive Business. 
 (c) Each
of Danaher, on behalf of it itself and all other members of the Danaher Group, and Fortive, on behalf of itself and all other members of the Fortive Group represents and warrants that it knows of no fact (after due inquiry) that may cause the Tax
treatment of the Reorganization or the Distribution to be other than the Tax-Free Status of the Transactions. 
 (d) Each of Danaher, on
behalf of it itself and all other members of the Danaher Group, and Fortive, on behalf of itself and all other members of the Fortive Group represents and warrants that it has no plan or intent to take any action which is inconsistent with any
statements or representations made in the Tax Materials. 
 4.2 Restrictions Relating to the Distribution. 

(a) Fortive, on behalf of itself and all other members of the Fortive Group, hereby covenants and agrees that no member of the Fortive Group
will take, fail to take, or to permit to be taken: (i) any action where such action or failure to act would be inconsistent with or cause to be untrue any statement, information, covenant or representation in the Tax Opinions, the Tax
Certificates, the IRS Ruling Request or the IRS Ruling, or (ii) any action which adversely affects or could reasonably be expected to adversely affect the Tax-Free Status of the Transactions. 

(b) [Fortive shall not, directly or indirectly, (i) pre-pay, pay down, redeem, retire or otherwise acquire, however effected including
pursuant to the terms thereof, any of the Fortive Securities prior to their stated maturity or permit any member of the Fortive Group to take any such action), or (ii) take or permit to be taken any action at any time, including, without
limitation, any modification to the terms of the Fortive Securities that could jeopardize, directly or indirectly, the qualification, in whole or part, of any of the Fortive Securities as “securities” within the meaning of
Section 361(a) of the Code (or permit any member of the Fortive Group to take or permit to be taken any such action).] 

  
 -13- 

 (c) During the Restricted Period, Fortive: 

(i) shall continue and cause to be continued the active conduct of the Fortive Business for purposes of Section 355(b)(2)
of the Code, taking into account Section 355(b)(3) of the Code, as conducted immediately prior to the Distribution, 

(ii) shall not voluntarily dissolve or liquidate itself or any of its Affiliates (including any action that is a liquidation
for U.S. federal income tax purposes), 
 (iii) shall not (1) enter into any Proposed Acquisition Transaction or, to
the extent Fortive has the right to prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur, (2) redeem or otherwise repurchase (directly or through an Affiliate) any stock, or rights to acquire
stock, (3) amend its certificate of incorporation (or other organizational documents), or take any other action, whether through a stockholder vote or otherwise, affecting the relative voting rights of its capital stock (including through the
conversion of any capital stock into another class of capital stock), (4) merge or consolidate with any other Person or (5) take any other action or actions (including any action or transaction that would be reasonably likely to be
inconsistent with any representation made in the Tax Certificates) which in the aggregate would, when combined with any other direct or indirect changes in ownership of Fortive capital stock pertinent for purposes of Section 355(e) of the Code,
have the effect of causing or permitting one or more Persons (whether or not acting in concert) to acquire directly or indirectly stock representing a fifty-percent or greater interest in Fortive or would reasonably be expected to result in a
failure to preserve the Tax-Free Status of the Transactions; and 
 (iv) shall not and shall not permit any member of the
Fortive Group, to sell, transfer, or otherwise dispose of or agree to, sell, transfer or otherwise dispose (including in any transaction treated for federal income tax purposes as a sale, transfer or disposition) of assets (including, any shares of
capital stock of a Subsidiary) that, in the aggregate, constitute more than 20% of the consolidated gross assets of Fortive or the Fortive Group. The foregoing sentence shall not apply to (1) sales, transfers, or dispositions of assets in the
ordinary course of business, (2) any cash paid to acquire assets from an unrelated Person in an arm’s-length transaction, (3) any assets transferred to a Person that is disregarded as an entity separate from the transferor for federal
income tax purposes or (4) any mandatory or optional repayment (or pre-payment) of any indebtedness of Fortive or any member of the Fortive Group. The percentages of gross assets or consolidated gross assets of Fortive or the Fortive Group, as
the case may be, sold, transferred, or otherwise disposed of, shall be based on the fair market value of the gross assets of Fortive and the members of the Fortive Group as of the Closing Date. For purposes of this Section 4.2(b)(iv), a merger
of Fortive or one of its Subsidiaries with and into any Person that is not a wholly owned Subsidiary of Fortive shall constitute a disposition of all of the assets of Fortive or such Subsidiary. 

  
 -14- 

 (d) Notwithstanding the restrictions imposed by Section 4.2(a), (b) and (c), Fortive or
a member of the Fortive Group may take any of the actions or transactions described therein if Fortive either (i) obtains an Unqualified Tax Opinion in form and substance reasonably satisfactory to Danaher or (ii) obtains the prior written
consent of Danaher waiving the requirement that Fortive obtain an Unqualified Tax Opinion, such waiver to be provided in Danaher’s sole and absolute discretion. Danaher’s evaluation of an Unqualified Tax Opinion may consider, among other
factors, the appropriateness of any underlying assumptions, representations, and covenants made in connection with such opinion. Fortive shall bear all costs and expenses of securing any such Unqualified Tax Opinion and shall reimburse Danaher for
all reasonable out-of-pocket expenses that Danaher or any of its Affiliates may incur in good faith in seeking to obtain or evaluate any such Unqualified Tax Opinion. Neither the delivery of an Unqualified Tax Opinion nor Danaher’s waiver of
Fortive’s obligation to deliver an Unqualified Tax Opinion shall limit or modify Fortive’s continuing indemnification obligation pursuant to Article V. 

INDEMNITY OBLIGATIONS 
 5.1
Indemnity Obligations. 
 (a) Danaher shall indemnify and hold harmless Fortive from and against, and will reimburse Fortive for,
(i) all liability for Taxes allocated to Danaher pursuant to Article II, and (ii) all Taxes and Tax-Related Losses arising out of, based upon, or relating or attributable to any breach of or inaccuracy in, or failure to perform, as
applicable, any representation, covenant, or obligation of any member of the Danaher Group pursuant to this Agreement. 
 (b) Without regard
to whether an Unqualified Tax Opinion may have been provided or whether any action is permitted or consented to hereunder and notwithstanding anything else to the contrary contained herein, Fortive shall indemnify and hold harmless Danaher from and
against, and will reimburse Danaher for, (i) all liability for Taxes allocated to Fortive pursuant to Article II, (ii) all Taxes and Tax-Related Losses arising out of, based upon, or relating or attributable to any breach of or
inaccuracy in, or failure to perform, as applicable, any representation, covenant, or obligation of any member of the Fortive Group pursuant to this Agreement and (iii) the amount of any Refund received by any member of the Fortive Group that
is allocated to Danaher pursuant to Article 2.9(a). 
 (c) To the extent that any Tax or Tax-Related Loss is subject to indemnity
pursuant to both Articles 5.1(a) and 5.1(b), responsibility for such Tax or Tax-Related Loss shall be shared by Danaher and Fortive according to relative fault. 

  
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 5.2 Indemnification Payments. 

(a) Except as otherwise provided in this Agreement, if either Party (the “Indemnitee”) is required to pay to a Taxing
Authority a Tax or to another Person a payment in respect of a Tax that the other Party (the “Indemnifying Party”) is liable for under this Agreement, including as the result of a Final Determination, the Indemnitee shall notify the
Indemnifying Party, in writing, of its obligation to pay such Tax and, in reasonably sufficient detail, its calculation of the amount due by such Indemnifying Party to the Indemnitee, including any Tax-Related Losses attributable thereto. The
Indemnifying Party shall pay such amount, including any Tax-Related Losses attributable thereto, to the Indemnitee no later than the later of (i) five (5) Business Days prior to the date on which such payment is due to the applicable
Taxing Authority or (ii) fifteen (15) Business Days after the receipt of notice from the other Party. 
 (b) If, as a result of
any change or redetermination made with respect to Article 2.2 or 2.7, any amount previously allocated to and borne by one Party pursuant to the provisions of Article II is thereafter allocated to the other Party, then, no later than
five (5) Business Days after such change or redetermination, such other Party shall pay to such Party the amount previously borne by such Party which is allocated to such other Party as a result of such change or redetermination. 

5.3 Payment Mechanics. 

(a) Subject to Article 10.6, all payments under this Agreement shall be made by Danaher directly to Fortive and by Fortive directly to
Danaher; provided, however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Danaher Group, on the one hand, may make such indemnification payment to any member of the Fortive
Group, on the other hand, and vice versa. All indemnification payments shall be treated in the manner described in Article 5.4. 

(b) In the case of any payment of Taxes made by a Responsible Party or Indemnitee pursuant to this Agreement for which such Responsible Party
or Indemnitee, as the case may be, has received a payment from the other Party, such Responsible Party or Indemnitee shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the
applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment forms or other reasonable evidence of payment). 

5.4 Treatment of Payments. The Parties agree that any payment made among the Parties pursuant to this Agreement shall be treated, to
the extent permitted by law, for all United States federal income Tax purposes as either (i) a non-taxable contribution by Danaher to Fortive, or (ii) a distribution by Fortive to Danaher, in each case, made immediately prior to the
Distribution. 

  
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 TAX CONTESTS 

6.1 Notice. Each Party shall notify the other Party in writing within ten (10) days after receipt by such Party or any member of
its Group of a written communication from any Taxing Authority with respect to any pending or threatened audit, claim, dispute, suit, action, proposed assessment or other proceeding (a “Tax Contest”) concerning any Taxes for which
the other Party may be liable pursuant to this Agreement, and thereafter shall promptly forward or make available to such Party copies of notices and communications relating to such Tax Contest. 

6.2 Separate Returns. In the case of any Tax Contest with respect to any Separate Return, the Party having the liability for the Tax
pursuant to Section 2 hereof shall have the sole responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve,
settle, or agree to any deficiency, claim, or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest. 

6.3 Joint Return. In the case of any Tax Contest with respect to any Joint Return, Danaher shall have the sole responsibility and right
to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve, settle, or agree to any deficiency, claim, or adjustment proposed, asserted, or
assessed in connection with or as a result of such Tax Contest. 
 6.4 Obligation of Continued Notice. During the pendency of any Tax
Contest or threatened Tax Contest, each of the Parties shall provide prompt notice to the other Party of any written communication received by it or a member of its respective Group from a Taxing Authority regarding any Tax Contest for which it is
indemnified by the other Party hereunder or for which it may be required to indemnify the other Party hereunder. Such notice shall attach copies of the pertinent portion of any written communication from a Taxing Authority and contain factual
information (to the extent known) describing any asserted Tax liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Taxing Authority in respect of any such matters. Such notice shall be
provided in a reasonably timely fashion; provided, however, that in the event that timely notice is not provided, a Party shall be relieved of its obligation to indemnify the other Party only to the extent that such delay results in
actual increased costs or actual prejudice to such other Party. 
 6.5 Settlement Rights. Unless waived by the Parties in writing, in
connection with any potential adjustment in a Tax Contest as a result of which adjustment the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment to the Controlling Party under this Agreement:
(i) the Controlling Party shall keep the Non-Controlling Party informed in a timely manner of all actions taken or proposed to be taken by the Controlling Party with respect to such potential adjustment in such Tax Contest; (ii) the
Controlling Party shall timely provide the Non-Controlling Party with copies of any correspondence or filings submitted to any Tax Authority or judicial authority in connection with such potential adjustment in such Tax Contest; and (iii) the
Controlling Party shall defend such Tax Contest diligently and in good faith. The failure of the Controlling Party to take any action specified in the preceding 

  
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sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which it may have to the Controlling Party under this Agreement,
and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party. 

COOPERATION 
 7.1 General.

 (a) Each Party shall fully cooperate, and shall cause all members of such Party’s Group to fully cooperate, with all reasonable
requests in writing from the other Party, or from an agent, representative or advisor to such Party, in connection with the preparation and filing of any Tax Return, claims for Refunds, the conduct of any Tax Contest, and calculations of amounts
required to be paid pursuant to this Agreement, in each case, related or attributable to or arising in connection with Taxes of either Party or any member of either Party’s Group covered by this Agreement and the establishment of any reserve
required in connection with any financial reporting (a “Tax Matter”). Such cooperation shall include the provision of any information reasonably necessary or helpful in connection with a Tax Matter and shall include, without
limitation, at each Party’s own cost: 
 (i) the provision of any Tax Returns of either Party or any member of either
Party’s Group, books, records (including information regarding ownership and Tax basis of property), documentation and other information relating to such Tax Returns, including accompanying schedules, related work papers, and documents relating
to rulings or other determinations by Taxing Authorities; 
 (ii) the execution of any document (including any power of
attorney) in connection with any Tax Contest of either Party or any member of either Party’s Group, or the filing of a Tax Return or a Refund claim of either Party or any member of either Party’s Group; 

(iii) the use of the Party’s reasonable best efforts to obtain any documentation in connection with a Tax Matter; and

 (iv) the use of the Party’s reasonable best efforts to obtain any Tax Returns (including accompanying schedules,
related work papers, and documents), documents, books, records or other information in connection with the filing of any Tax Returns of any of either Party or any member of either Party’s Group. 

Each Party shall make its employees and facilities available, without charge, on a mutually convenient basis to facilitate such cooperation.

  
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 7.2 Consistent Treatment. Unless and until there has been a Final Determination to the
contrary, each Party agrees not to take any position on any Tax Return, in connection with any Tax Contest or otherwise that is inconsistent with (a) the treatment of payments between the DANAHER Group and the Fortive Group as set forth in
Article 5.4, (b) the Tax Opinions, or (c) the Tax treatment of any transaction included in the Reorganization. 
 RETENTION
OF RECORDS; ACCESS 
 8.1 Retention of Records. For so long as the contents thereof may become material in the administration of any
matter under applicable Tax law, but in any event until the later of (i) sixty (60) days after the expiration of any applicable statutes of limitation (including any waivers or extensions thereof) and (ii) seven years after the
Distribution Date, the Parties shall retain records, documents, accounting data and other information (including computer data) necessary for the preparation and filing of all Tax Returns (collectively, “Tax Records”) in respect of
Taxes of any member of either the Danaher Group or the Fortive Group for any Pre-Distribution Period, Straddle Period, or Post-Distribution Period or for any Tax Contests relating to such Tax Returns. At any time after the Distribution Date that the
Danaher Group proposes to destroy such records or documents, it shall first notify the Fortive Group in writing and the Fortive Group shall be entitled to receive such records or documents proposed to be destroyed. At any time after the Distribution
Date that the Fortive Group proposes to destroy such records or documents, it shall first notify the Danaher Group in writing and the Danaher Group shall be entitled to receive such records or documents proposed to be destroyed. The Parties will
notify each other in writing of any waivers or extensions of the applicable statute of limitations that may affect the period for which the foregoing records or other documents must be retained. 

8.2 Access to Tax Records. The Parties and their respective Affiliates shall make available to each other for inspection and copying
during normal business hours upon reasonable notice all Tax Records (and, for the avoidance of doubt, any pertinent underlying data accessed or stored on any computer program or information technology system) in their possession and shall permit the
other Party and its Affiliates, authorized agents and representatives and any representative of a Taxing Authority or other Tax auditor direct access, during normal business hours upon reasonable notice to any computer program or information
technology system used to access or store any Tax Records, in each case to the extent reasonably required by the other Party in connection with the preparation of Tax Returns or financial accounting statements, audits, litigation, or the resolution
of items pursuant to this Agreement. The Party seeking access to the records of the other Party shall bear all costs and expenses associated with such access, including any professional fees. 

DISPUTE RESOLUTION 
 9.1 In the
event of any dispute between the Parties as to any matter covered by this Agreement, the Parties shall appoint a nationally recognized independent public accounting firm (the “Accounting Firm”) to resolve such dispute. In this regard, the
Accounting Firm shall make determinations with respect to the disputed items based solely on representations made by Danaher and Fortive and their respective representatives, and not by independent review, and

  
 -19- 

 
shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor of one Party only. The Parties shall require the Accounting Firm to resolve all
disputes no later than thirty (30) days after the submission of such dispute to the Accounting Firm, but in no event later than the due date for the payment of Taxes or the filing of the applicable Tax Return, if applicable, and agree that all
decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the Parties. The Accounting Firm shall resolve all disputes in a manner consistent with this Agreement and, to the extent not inconsistent with this
Agreement, in a manner consistent with the Past Practices of Danaher and its Subsidiaries, except as otherwise required by applicable Law. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in
reasonable detail, the basis for such determination. The fees and expenses of the Accounting Firm shall be borne equally by the Parties. 

MISCELLANEOUS PROVISIONS 
 10.1
Conflicting Agreements. In the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of the Separation Agreement, this Agreement shall control with respect to the subject matter
thereof. 
 10.2 Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by
the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the
payment date. 
 10.3 Successors. This Agreement shall be binding on and inure to the benefit of any successor by merger, acquisition
of assets, or otherwise, to any of the parties hereto, to the same extent as if such successor had been an original party to this Agreement. 

10.4 Application to Present and Future Subsidiaries. This Agreement is being entered into by Danaher and Fortive on behalf of
themselves and the members of their respective Group. This Agreement shall constitute a direct obligation of each such Party and shall be deemed to have been readopted and affirmed on behalf of any entity that becomes a Subsidiary of Danaher or
Fortive in the future. 
 10.5 Assignability. This Agreement shall not be assigned by any Party without the prior written consent of
the other Party hereto, except that each Party may assign its respective rights or delegate its respective obligations under this Agreement to any Affiliate of such Party; provided, however, that in connection with each such assignment or
delegation, the assigning Party provides a guarantee to the non-assigning Party for any liability or obligation assigned or delegated pursuant to this Section 10.6; provided, further, that Fortive shall only be entitled to assign its rights or
delegate its obligations under this Agreement with the prior written consent of Danaher. 

  
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 10.6 No Fiduciary Relationship. The duties and obligations of the Parties, and their
respective successors and permitted assigns, contained herein are the extent of the duties and obligations contemplated by this Agreement; nothing in this Agreement is intended to create a fiduciary relationship between the Parties hereto, or any of
their successors and permitted assigns, or create any relationship or obligations other than those explicitly described. 
 10.7 Further
Assurances. Subject to the provisions hereof, the Parties hereto shall make, execute, acknowledge and deliver such other instruments and documents, and take all such other actions, as may be reasonably required in order to effectuate the
purposes of this Agreement and to consummate the transactions contemplated hereby. 
 10.8 Survival. Notwithstanding any other
provision of this Agreement to the contrary, all representations, covenants and obligations contained in this Agreement shall survive until the expiration of the applicable statute of limitations with respect to any such matter (including extensions
thereof). 
 10.9 Notices. All notices, requests, claims, demands or other communications under this Agreement 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, by facsimile or electronic transmission with receipt confirmed (followed by delivery of an original
via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) 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 Article 10.10): 
 If to Danaher, to: 

Danaher Corporation 
 2200
Pennsylvania Ave., NW - Suite 800W 
 Washington, DC 20037-1701 

Attn: General Counsel 
 with a
copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 

4 Times Square 
 New York, NY
10036 
 Attn: Gavin A White 

Facsimile: (917) 777-3418 

If to Fortive, to: 
 Fortive
Corporation 
 6920 Seaway Blvd. 

Everett, WA 98203 
 Attn: General
Counsel 

  
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 with a copy to: 

[●] 
 [●] 

[●] 
 Attn: [●] 

Facsimile: [●] 
 Any Party
may, by notice to the other Party, change the address to which such notices are to be given. 
 10.10 Effective Date. This Agreement
shall become effective only upon the occurrence of the Distribution. 

*        *        * 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	DANAHER CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	FORTIVE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:

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