Document:

Exhibit 10.5

 Exhibit 10.5 
 DANAHER CORPORATION 
 1998 STOCK OPTION PLAN, AS AMENDED 
  

			
	PURPOSE	  	Danaher Corporation, a Delaware corporation (“Danaher” or the “Company”), wishes to recruit, reward, and retain key employees and outside
directors. To further these objectives, the Company hereby sets forth the Danaher Corporation 1998 Stock Option Plan, as amended (the “Plan”) to provide options (“Options”) to employees to purchase
shares of the Company’s common stock (the “Common Stock”). The Company may also make direct grants of Common Stock (“Restricted Stock Grants”) to participants as a bonus or other incentive or
grant such stock in lieu of Company obligations to pay cash under other plans or compensatory arrangements, including any deferred compensation plans, and may also grant stock appreciation rights (“SARs”), restricted stock
units (“RSUs”), and other stock-based awards (“Other Stock-Based Awards”). Grants of the various equity-related instruments are “Awards.”
		
	PARTICIPANTS	  	All Employees and non-Employee directors (“Eligible Directors”) of Danaher and Eligible Subsidiaries are eligible for Awards under this Plan. Eligible employees and
directors become “optionees” or “recipients” when the Administrator grants them, respectively, an Option or one of the other Awards under this Plan. Optionees and recipients are referred to
collectively as “participants.” The term “participant” also includes, where appropriate, a person authorized to exercise an Option or hold or receive another Award in place of the intended original
recipient.
		
		  	“Employee” means any person employed as a common law employee of the Company or an Eligible Subsidiary.
		
	ADMINISTRATOR	  	The Administrator will be the Compensation Committee of the Board of Directors of Danaher (the “Compensation Committee”), unless the Board specifies another committee.
The Board may also act under the Plan as though it were the Compensation Committee.
		
		  	The Administrator is responsible for the general operation and administration of the Plan and for carrying out its provisions and has full discretion in interpreting and administering the
provisions of the Plan. Subject to the express provisions of the Plan, the Administrator may exercise such powers and authority of the Board as the Administrator may find necessary or appropriate to carry out its functions. The Administrator may
delegate its functions (other than those described in the GRANTING OF AWARDS section) to officers or employees.

			
		  	The Administrator’s powers will include, but not be limited to, the power to: construe and interpret the terms of the Plan and Awards granted pursuant to the Plan (including the power to
remedy any ambiguity, inconsistency, or omission); amend, waive, or extend any provision or limitation of any Award (except as limited by the terms of the Plan); in order to fulfill the purposes of the Plan and without amending the Plan, to modify
Awards to participants who are foreign nationals or employed outside of the United States in order to recognize differences in local law, tax policies or customs; and, to adopt such procedures as are necessary or appropriate to carryout the
foregoing. All decisions, determinations and interpretations of the Administrator shall be final and binding on all holders of any Award. The Administrator may act through meetings of a majority of its members or by unanimous
consent.
		
	GRANTING OF AWARDS	  	 Subject to the terms of the Plan, the Administrator will, in its sole discretion, determine
  

	  	 the recipients of Awards,
  

	  	 the terms of such Awards,

		
		  	 the schedule for exercisability and nonforfeitability (including any requirements that the participant or the Company satisfy performance criteria or Performance
Objectives),

		
		  	 the time and conditions for expiration of the Awards, and

		
		  	 the form of payment due upon exercise or grant.

		
		  	The Administrator’s determinations under the Plan need not be uniform and need not consider whether possible participants are similarly situated.
		
		  	Options granted to employees are not intended to qualify as “incentive stock options” (“ISOs”) within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended from time to time (the “Code”), or the corresponding provision of any subsequently enacted tax statute. The Administrator may not reduce the Exercise Price of any outstanding Option, other
than as provided under Adjustments upon Changes in Capital Stock. Subject to the foregoing, the Administrator may set whatever conditions it considers appropriate for the Awards.

  

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	 Substitutions
	  	The Administrator may also grant Awards in substitution for options or other equity interests held by individuals who become Employees of the Company or of an Eligible Subsidiary as a result
of the Company’s acquiring or merging with the individual’s employer. If necessary to conform the Awards to the interests for which they are substitutes, the Administrator may grant substitute Awards under terms and conditions that vary
from those the Plan otherwise requires.
		
	DATE OF GRANT	  	The “Date of Grant” will be the date as of which the Administrator grants an Award to a person, as specified in the Administrator’s minutes.
		
	EXERCISE PRICE	  	The “Exercise Price” is the value of the consideration that a participant must provide in exchange for one share of Common Stock. The Administrator will determine the
Exercise Price under each Option and may set the Exercise Price without regard to the Exercise Price of any other Options granted at the same or any other time. The Company may use the consideration it receives from the optionee for general
corporate purposes.
		
		  	The Exercise Price per share for the Options may not be less than 100% of the Fair Market Value of a share on the Date of Grant.
		
		  	The Administrator may satisfy any state law requirements regarding adequate consideration for Restricted Stock Grants by (i) issuing Common Stock held as treasury stock or repurchased on
the open market or (ii) charging the recipients at least the par value for the shares covered by the Restricted Stock Grant.
		
	 Fair Market Value
	  	“Fair Market Value” of a share of Common Stock for purposes of the Plan will be determined as follows:
		
		  	 if the Common Stock is traded on a national securities exchange, the closing sale price on that date;

		
		  	 if the Common Stock is not traded on any such exchange, the closing sale price as reported by the National Association of Securities Dealers, Inc. Automated
Quotation System (“Nasdaq”) for such date;

		
		  	 if no such closing sale price information is available, the average of the closing bid and asked prices as reported by Nasdaq for such date;
or

  

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		  	 if there are no such closing bid and asked prices, the average of the closing bid and asked prices as reported by any other commercial service for such date.

		
		  	For any date that is not a trading day, the Fair Market Value of a share of Common Stock for such date shall be determined by using the closing sale price or the average of the closing bid
and asked prices, as appropriate, for the immediately preceding trading day.
		
	EXERCISABILITY	  	The Administrator will determine the times and conditions for exercise or retention of each Award but may not extend the period for exercise of an Option or SAR beyond the tenth anniversary
of its Date of Grant.
		
		  	Awards will become exercisable or nonforfeitable at such times and in such manner as the Administrator determines and the Award Certificate indicates; provided, however, that the
Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which the participant may exercise any portion of an Option or at which restrictions or other conditions on other Awards will
lapse.
		
		  	If the Administrator does not specify otherwise, Options for Employees will become exercisable and restrictions on other Awards will lapse as to one-fifth of the covered shares on each of the
first five anniversaries of the Date of Grant, and Options for Eligible Directors will become exercisable in full as of the Date of Grant. Subject to the section below entitled “Award Expiration,” unless the Administrator provides
otherwise, the passage of time after a participant’s Retirement will continue to count for purposes of determining the extent to which an Award is exercisable or nonforfeitable.
		
		  	No portion of an Award that is unexercisable, unvested or forfeitable at a participant’s termination of employment for any reason other than Retirement (as defined below) will thereafter
become exercisable or nonforfeitable, unless the Award Certificate provides otherwise, either initially or by amendment. All unexpired Options become fully exercisable or nonforfeitable, as applicable, in the event the participant reaches age 65
while employed irrespective of whether the person then retires.
		
		  	For purposes of the Plan, termination of employment means the time when the active employer-employee or other active service-providing relationship between the employee and the Company ends
for any reason, including retirement. For purposes of Awards

  

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		  	granted under this Plan, the Administrator shall have discretion to determine whether a participant has ceased to be actively employed by (or, in the case of an Eligible Director, has ceased
actively providing services to) the Company or Eligible Subsidiary, and the effective date on which such active employment (or active service-providing relationship) terminated. For the avoidance of doubt, a participant’s active
employer-employee or other active service-providing relationship shall not be extended by any notice period mandated under local law (e.g., active employment shall not include a period of “garden leave”, paid administrative leave or
similar period pursuant to local law), and in the event of a participant’s termination of employment (whether or not in breach of local labor laws), participant’s right to exercise any Option after termination of employment, if any, shall
be measured by the date of termination of active employment or service and shall not be extended by any notice period mandated under local law. Unless the Administrator provides otherwise, (1) termination of employment will include instances in
which a common law employee is terminated and immediately rehired as an independent contractor, and (2) the spin-off, sale, or disposition of a participant’s employer from the Company or an Eligible Subsidiary (whether by transfer of shares,
assets or otherwise) shall constitute a termination of employment or service.
		
	METHOD OF EXERCISE	  	 To exercise any exercisable portion of an Award, the participant must:
  

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

		
		  	 Pay the full Exercise Price (if any) by cashier’s or certified check for the shares of Common Stock with respect to which the Award is being exercised,
unless the Administrator consents to another form of payment (which could include the use of Common Stock); and

		
		  	 Deliver to the Secretary of the Company (or to whomever the Administrator designates) such representations and documents as the Administrator, in its sole
discretion, may consider necessary or advisable.

  

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		  	Payment in full of the Exercise Price need not accompany the written notice of exercise provided the notice directs that the stock certificates for the shares issued upon the exercise be
delivered to a licensed broker acceptable to the Company as the agent for the individual exercising the option and at the time the stock certificates are delivered to the broker, the broker will tender to the Company cash or cash equivalents
acceptable to the Company and equal to the Exercise Price.
		
		  	The Administrator may agree to payment through the tender to the Company of shares of Common Stock. Shares of stock offered as payment will be valued, for purposes of determining the extent
to which the optionee has paid the Exercise Price, at their Fair Market Value on the date of exercise. The Administrator may also, in its discretion, accept attestation of ownership of Common Stock and issue a net number of shares upon Option
exercise.
		
	AWARD EXPIRATION	  	No one may exercise an Option or exercisable Award more than ten years after its Date of Grant. Unless the Administrator provides otherwise, either initially or by amendment, no one may
exercise an exercisable Award (and any otherwise nonforfeitable portions of the exercisable Awards will then expire) after the first to occur of:
		
	 Employment Termination
	  	 The 90th day after the date of termination of employment (other than for death, Disability, Retirement or Gross Misconduct).

		
	 Retirement
	  	 For either Early or Normal Retirement (both as defined below and both collectively referred to as “Retirement”), the fifth anniversary
of Retirement. Solely for purposes of this Plan, “Normal Retirement” occurs on the date an employee voluntarily ceases to be an Employee at or after reaching age 65, and “Early Retirement” occurs on
the date an employee voluntarily ceases to be an Employee if both (i) the employment termination occurs before the Employee reaches age 65 and (ii) the Administrator determines that the cessation constituted “retirement” for purposes of
this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company Plan.

		
	 Gross Misconduct
	  	 For the Company’s termination of the participant’s employment as a result of the participant’s Gross Misconduct, the time of such termination.
For purposes of this Plan, “Gross Misconduct” means the participant has

  

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

		
		  	 (ii) been convicted of, or pled guilty or no contest to, (1) a felony, (2) any misdemeanor (other than a traffic violation) with respect to his/her employment,
or (3) any other crime or activity that would impair his/her ability to perform his/her duties or impair the business reputation of the Company or any Subsidiary thereof;

		
		  	 (iii) refused or willfully failed to adequately perform any duties assigned to him/her; or

		
		  	 (iv) refused or willfully failed to comply with standards, policies or procedures of the Company or any Subsidiary thereof, including without limitation the
Company’s Standard of Conduct as amended from time to time.

		
	 Disability
	  	 For disability, the earlier of (i) the first anniversary of the participant’s termination of employment for disability and (ii) 60 days after the
participant no longer has a disability, where “disability” means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result
in death or that has lasted or can be expected to last for a continuous period of not less than twelve months; or

		
	 Death
	  	 The date 12 months after the participant’s death.

		
		  	If exercise is permitted after termination of employment, the Award will nevertheless expire as of the date that the former employee violates any covenant not to compete or any other
post--employment covenant (including without limitation any nonsolicitation, nonpiracy of employees, nondisclosure, nondisparagement, works-made-for-hire or similar covenants) in effect between the Company and any Subsidiary thereof, on the one
hand, and the former employee on the other hand.

  

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		  	Nothing in this Plan extends the term of an Award beyond the tenth anniversary of its Date of Grant, nor does anything in this AWARD EXPIRATION section make an Award exercisable or
nonforfeitable that has not otherwise become exercisable or nonforfeitable.
		
	Leave of Absence	  	The active employer-employee or other active service-providing relationship between the participant and the Company or an Eligible Subsidiary shall not be considered interrupted in the case
of: (i) sick leave; (ii) military leave; or (iii) any other leave of absence, in each case to the extent approved by the Administrator. For the avoidance of doubt, the Administrator, in its sole discretion, may determine that a
participant’s leave of absence to complete a course of study will not constitute termination of employment for purposes of the Plan. Further, during any approved leave of absence, the Administrator shall have discretion to provide that the
vesting of any Awards held by the participant shall be frozen as of the first day of the leave and shall not resume until and unless the participant returns to active employment prior to the expiration of the term (if any) of the Awards, subject to
any requirements of applicable laws or contract. The Administrator, in its sole discretion, will determine all questions of whether particular terminations or leaves of absence are terminations of active employment or service.
		
	AWARD CERTIFICATES	  	Award Certificates will set forth the terms of each Award and will include such terms and conditions, consistent with the Plan, as the Administrator may determine are necessary or advisable.
To the extent the certificate is inconsistent with the Plan, the Plan will govern. The Award Certificates may contain special rules. The Administrator may, in its discretion, require Award agreements rather than certificates.
		
	STOCK APPRECIATION RIGHTS	  	A SAR represents the right to receive a payment, in cash, shares of Common Stock or both (as determined by the Administrator), equal to the excess of the Fair Market Value on the date the SAR
is exercised over the SAR’s Exercise Price, if any. The Administrator will establish in its sole discretion the exercise price of a SAR and all other applicable terms and conditions, which will be set forth in the applicable Award Certificate
or Award agreement.
		
	RSUs	  	RSUs shall be credited as a bookkeeping entry in the name of the Employee or Eligible Director in an account maintained by the Company. No shares of Common Stock are actually issued to the
participant in respect of RSUs on the Date of Grant. Shares of

  

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		  	Common Stock shall be issuable to the participant only upon the lapse of such restrictions and satisfaction of such vesting conditions, including time-based vesting conditions and/or the
attainment of Performance Objectives, as determined and certified by the Committee.
		
		  	The Administrator may satisfy any Delaware corporate law requirements regarding adequate consideration for RSUs by (i) issuing Common Stock held as treasury stock or repurchased on the
open market or (ii) charging the recipients at least the par value for the shares of Common Stock covered by the RSUs.
		
		  	RSUs will vest and the underlying shares of Common Stock will become nonforfeitable at such times and in such manner as the Administrator determines. In the event the participant reaches age
65 while employed, irrespective of whether the participant then retires, all time-based vesting conditions on outstanding RSUs will be deemed satisfied in full and the Award shall become fully vested if prior to the expiration of the award it is
determined that the performance-based vesting conditions or Performance Objectives have been satisfied. Unless otherwise specified by the Administrator, any performance-based vesting conditions or Performance Objectives must be satisfied, if at all,
prior to the 10th anniversary of the Date of Grant.
		
		  	A recipient who is awarded RSUs under the Plan shall possess no incidents of ownership with respect to the underlying shares of Common Stock.
		
		  	Any RSU Award shall be paid in a lump sum in shares within 30 days of the later of the date on which the participant has satisfied the Award’s time-based vesting requirements and the
date the Administrator (or the Compensation Committee, as the case may be) determines if applicable that the Performance Criteria for such RSU Award has been satisfied.
		
	OTHER STOCK-BASED AWARDS	  	The Administrator may grant Other Stock-Based Awards that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. The purchase,
exercise, exchange or conversion of Other Stock-Based Awards and all other terms and conditions applicable to the Awards will be determined by the Administrator in its sole discretion and will be set forth in the applicable Award Certificate or
Award agreement.

  

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	STOCK SUBJECT TO PLAN	  	Except as adjusted below under “Substantial Corporate Change,” the aggregate number of shares of Common Stock that may be issued under the Awards may not exceed 60 million shares
and the maximum number of shares that may be subject to any and all Awards, in the aggregate, for a single individual may not exceed 10 million shares. No Award that the Committee determines is subject to Performance Objectives for purposes of Code
Section 162(m) may pay or cover in excess of 10 million shares of Common Stock or the cash value equivalent to that number of shares. The Common Stock may come from treasury shares, authorized but unissued shares, or previously issued shares
that the Company reacquires, including shares it purchases on the open market. If any Award expires, is canceled, or terminates for any other reason, the shares of Common Stock available under that Award will again be available for the granting of
new Awards.
		
		  	No adjustment will be made for a dividend or other right for which the record date precedes the date of exercise.
		
		  	The participant will have no rights of a stockholder with respect to the shares of stock subject to an Award except to the extent that the Company has issued certificates for, or otherwise
confirmed ownership of, such shares upon the exercise or, as applicable, the grant or nonforfeitability of an Award.
		
		  	The Company will not issue fractional shares pursuant to the exercise of an Award. Any fractional share will be rounded up and issued to the participant in a whole share.
		
	PERSON WHO MAY EXERCISE	  	During the participant’s lifetime and except as provided under TRANSFERS, ASSIGNMENTS, AND PLEDGES, only the participant or his/her duly appointed guardian or personal representative may
exercise or hold an Award (other than nonforfeitable shares of Common Stock). After his/her death, his/her personal representative or any other person authorized under a will or under the laws of descent and distribution may exercise any then
exercisable portion of an Award or hold any then nonforfeitable portion of any Award. If someone other than the original recipient seeks to exercise or hold any portion of an Award, the Administrator may request such proof as it may consider
necessary or appropriate of the person’s right to exercise or hold the Award.
		
	PERFORMANCE RULES	  	Subject to the terms of the Plan, the Committee will have the authority to establish and administer Performance Objectives with respect to such Awards as it considers appropriate, which
Performance Objectives must be satisfied, as the Committee specifies, before the participant receives or retains an Award or before the Award becomes nonforfeitable or exercisable.

  

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		  	Performance Objectives will be based exclusively on one or more of the following financial measures determined based on the Company and its Subsidiaries on a group-wide basis or on the basis
of parent, Subsidiary, division, business platform, or operating unit results:
		
		  	 earnings per share (on a fully diluted or other basis)
  
 pretax or after tax net income,
  
 operating income,
  
 gross revenue,
  
 profit margin,
  
 stock price targets or stock price maintenance,
  
 free cash flow,
  
 cash flow,
  
 return on equity,
  
 return on capital,
  
 earnings before interest, taxes, depreciation, and amortization
(EBITDA),
  
 strategic business criteria, consisting of one or more
objectives based on meeting specified revenue, market penetration, geographic business expansion goals, cost targets, or objective goals relating to acquisitions or divestitures,
  
 or any combination of these measures (in each case before or after such objective
income and expense allocations or adjustments as the Committee may specify within the Applicable Period).

		
		  	The Committee shall determine whether such Performance Objectives are attained, and such determination will be final and conclusive.
		
		  	Each Performance Objective may be expressed in absolute and/or relative terms, may be based on or use comparisons with current internal targets, the past performance of the Company (including
the performance of one or more Subsidiaries, divisions, business platforms, and/or operating units) and/or the past or current performance of other companies. In the case of earnings-based measures, Performance Objectives may use comparisons
relating to capital (including, but not limited to, the cost of capital), shareholders’ equity and/or shares outstanding, or to assets or net assets.

  

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		  	The provisions governing the grants of Options and SARs and the establishment of Performance Objectives for other Awards are intended to conform with all provisions of Code
Section 162(m) and Treas. Reg. § 1.162-27 to the extent necessary to allow the Company a Federal income tax deduction for Awards as “qualified performance based compensation,” provided that Committee retains the discretion
whether to make Awards that do not so qualify. The Committee also retains the discretion to specify that it can adjust an Award payout downwards (to the extent permitted by the foregoing tax rules) under such factors as it considers appropriate.

		
		  	The measures used in setting Performance Objectives under the Plan for any given performance period will, to the extent applicable, be determined in accordance with generally accepted
accounting principles (“GAAP”) and in a manner consistent with the methods used in the Company’s audited financial statements, without regard to (i) extraordinary or nonrecurring items in accordance with GAAP, (ii) changes
in accounting, or (iii) the effect of discontinued operations, unless, in each of clauses (i)-(iii), the Committee decides otherwise within the Applicable Period.
		
		  	The “Applicable Period” with respect to any performance period for an Award means a period beginning on or before the first day of the performance period and ending no later
than the earlier of (i) the 90th day of the performance period or (ii) the date on which 25% of the performance period has been completed.
		
	ADJUSTMENTS UPON CHANGES IN CAPITAL STOCK	  	Subject to any required action by the Company (which it shall promptly take) or its stockholders, and subject to the provisions of applicable corporate law, if, after the Date of Grant of an
Award,
		
		  	 the outstanding shares of Common Stock increase or decrease or change into or are exchanged for a different number or kind of security by reason of any
recapitalization, reclassification, stock split, reverse stock split, combination of shares, exchange of shares, stock dividend, or other distribution payable in capital stock, or

  

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		  	some other increase or decrease in such Common Stock occurs without the Company’s receiving consideration, the Administrator will make a proportionate and appropriate adjustment in the
number of shares of Common Stock underlying each Award, so that the proportionate interest of the participant immediately following such event will, to the extent practicable, be the same as immediately before such event. Unless the Administrator
determines another method would be appropriate, any such adjustment to an Option will not change the total price with respect to shares of Common Stock underlying the unexercised portion of an Option or SAR but will include a corresponding
proportionate adjustment in the Option’s or SAR’s Exercise Price.
		
		  	The Administrator will make a commensurate change to the maximum number and kind of shares provided in the STOCK SUBJECT TO PLAN section.
		
		  	In the event of a declaration of an extraordinary dividend on the Common Stock payable in a form other than Common Stock in an amount that has a material effect on the price of the Common
Stock, the Administrator shall make such adjustments as it, in its sole discretion, deems appropriate in the outstanding Awards and the maximum number of shares provided in the Stock Subject to Plan section.
		
		  	Any issue by the Company of any class of preferred stock, or securities convertible into shares of common or preferred stock of any class, will not affect, and no adjustment by reason thereof
will be made with respect to, the number of shares of Common Stock subject to any Award or the Exercise Price except as this ADJUSTMENTS UPON CHANGES IN CAPITAL STOCK section specifically provides. The grant of an Award under the Plan will not
affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or to consolidate, or to dissolve, liquidate, sell, or transfer all or any part
of its business or assets.
		
	 Substantial Corporate Change
	  	Upon a Substantial Corporate Change, the Plan and any forfeitable portions of the Awards will terminate unless provision is made in writing in connection with such transaction for the
assumption or continuation of outstanding Awards, or the substitution for such Awards of any options or grants covering the stock or securities of a successor employer corporation, or a parent or subsidiary of such successor, with appropriate
adjustments as to the number and kind of shares of stock and prices, in which event the Awards will continue in the manner and under the terms so provided.

  

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		  	Unless the Board determines otherwise, if an Award would otherwise terminate pursuant to the preceding sentence, the Administrator will either
		
		  	 provide optionees or holders of SARs will have the right, at such time before the consummation of the transaction causing such
termination as the Board reasonably designates, to exercise any unexercised portions of an Option or SAR, whether or not they had previously become exercisable, or
  
 for any Awards, cause the Company, or agree to allow the successor, to cancel each Award after payment to the participant of an amount in cash, cash
equivalents, or successor equity interests substantially equal to the Fair Market Value under the transaction (minus, for Options and SARs, the Exercise Price for the shares covered by the Option or SAR (and for any Awards, where the Board or the
Administrator determines it is appropriate, any required tax withholdings)).

		
		  	A Substantial Corporate Change means the consummation of:
		
		  	 the dissolution or liquidation of the Company,
  

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

  

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

		
	SUBSIDIARY EMPLOYEES	  	Employees of Company Subsidiaries will be entitled to participate in the Plan, except as otherwise designated by the Board of Directors or the Administrator.
		
		  	“Eligible Subsidiary” means each of the Company’s Subsidiaries, except as the Board otherwise specifies. “Subsidiary” means any
corporation, limited liability company, partnership or other entity (“corporation”) (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time an Award is granted to a participant
under the Plan, each of the corporations (other than the last corporation in the unbroken chain) owns stock or other equity possessing 20% or more of the total combined voting power of all classes of stock or equity in one of the other corporations
in such chain.
		
	LEGAL COMPLIANCE	  	The Company will not issue any shares of Common Stock under an Award until all applicable requirements imposed by Federal and state securities laws, rules and regulations, and other federal,
state, local and foreign laws, rules and regulations, and by any applicable regulatory agencies or stock exchanges, have been fully met. To that end, the Company may require the participant to take any reasonable action to comply with such
requirements before issuing such shares. No provision in the Plan or action taken under it authorizes any action that is otherwise prohibited by Federal or state laws, rules, or regulations, or by any applicable regulatory agencies or stock
exchanges.
		
		  	To comply with the laws in other countries in which the Company or any of its Subsidiaries operates or has Employees, the Administrator, in its sole discretion, shall have the power and
authority to modify the terms and conditions of any Award granted to Employees outside the United States; modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable; and take any action,
before or after an Award is made, that it deems advisable to obtain approval or comply with any applicable government regulatory exemptions or approvals. Although in establishing such sub-plans, terms or procedures, the Company may endeavor to
(i) qualify an Award for favorable foreign tax treatment or (ii) avoid adverse tax treatment, the Company makes no representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax
treatment. The Company shall be unconstrained in its corporate activities without regard to the potential negative tax impact on holders of Awards under the Plan.

  

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		  	The Plan is intended to conform to the extent necessary with all provisions of the Securities Act of 1933 (“Securities Act”) and the
Securities Exchange Act of 1934 (“Exchange Act”) and all regulations and rules the Securities and Exchange Commission issues under those laws. Notwithstanding anything in the Plan to the contrary, the
Administrator must administer the Plan, and Awards may be granted and exercised, only in a way that conforms to such laws, rules, and regulations. To the extent permitted by applicable law, the Plan and any Awards will be deemed amended to the
extent necessary to conform to such laws, rules, and regulations.
		
	PURCHASE FOR INVESTMENT AND OTHER RESTRICTIONS	  	Unless a registration statement under the Securities Act covers the shares of Common Stock a participant receives under an Award, the Administrator may require, at the time of such grant
and/or exercise and/or lapse of restrictions, that the participant agree in writing to acquire such shares for investment and not for public resale or distribution, unless and until the shares subject to the Award are registered under the Securities
Act. Unless the shares are registered under the Securities Act, the participant must acknowledge:
		
		  	 that the shares received under the Award are not so registered,

		
		  	 that the participant may not sell or otherwise transfer the shares unless the shares have been registered under the Securities Act in connection with the sale
or transfer thereof, or

		
		  	 counsel satisfactory to the Company has issued an opinion satisfactory to the Company that the sale or other transfer of such shares is exempt from registration
under the Securities Act, and

		
		  	 such sale or transfer complies with all other applicable laws, rules, and regulations, including all applicable Federal and state securities laws, rules, and
regulations.

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

  

 - 16 - 

			
		
		  	The Administrator may, in its sole discretion, take whatever additional actions it deems appropriate to comply with such restrictions and applicable laws, including placing legends on
certificates and issuing stop-transfer orders to transfer agents and registrars.
		
	TAX WITHHOLDING	  	The participant must satisfy all applicable Federal, state, and local income and employment tax withholding requirements before the Company will deliver stock certificates or otherwise
recognize ownership or nonforfeitability under an Award. The Company may decide to satisfy the withholding obligations through additional withholding on salary or wages. If the Company does not or cannot withhold from other compensation, the
participant must pay the Company, with a cashier’s check or certified check, the full amounts required for withholding. Payment of withholding obligations is due at the same time as is payment of the Exercise Price or lapse of restrictions, as
applicable. The Administrator may instead satisfy the withholding obligations (i) by retaining shares of Common Stock from the Option exercise or release of the Award, (ii) by selling or arranging for the sale of shares of Common Stock that the
participant acquires at the Option exercise or release of the Award, (iii) by allowing the participant to tender previously owned shares of Common Stock, (iv) by allowing participant to attest to his ownership of shares (with the distribution of net
shares), or (v) by allowing the participant to have a broker tender to the Company cash equal to the withholding taxes, subject, in each case, to a withholding of no more than the minimum applicable tax withholding rate.
		
	TRANSFERS, ASSIGNMENTS OR PLEDGES	  	Unless the Administrator otherwise approves in advance in writing or as set forth below, an Award may not be assigned, pledged, or otherwise transferred in any way, whether by operation of
law or otherwise or through any legal or equitable proceedings (including bankruptcy), by the participant to any person, except by will or by operation of applicable laws of descent and distribution. If necessary to comply with Rule 16b-3 under the
Exchange Act, the participant may not transfer or pledge shares of Common Stock acquired under an Award until at least six months have elapsed from (but excluding) the Date of Grant, unless the Administrator approves otherwise in advance in writing.
The Administrator may, in its discretion, expressly provide that a participant may transfer his Award, without receiving consideration, to (i) members of the optionee’s immediate family (children, grandchildren, or spouse), (ii) trusts for the
benefit of such family members, or (iii) partnerships whose only partners are such family members.

  

 - 17 - 

			
		
	AMENDMENT OR TERMINATION OF PLAN AND OPTIONS	  	The Board may amend, suspend, or terminate the Plan at any time, without the consent of the participants or their beneficiaries; provided, however, that no amendment will deprive any
participant or beneficiary of any previously declared Award. Except as required by law or by the “Substantial Corporate Change”section, the Administrator may not, without the participant’s or beneficiary’s consent, modify the
terms and conditions of an Award so as to materially adversely affect the participant. No amendment, suspension, or termination of the Plan will, without the participant’s or beneficiary’s consent, terminate or materially adversely affect
any right or obligations under any outstanding Awards. Notwithstanding the foregoing to the contrary, the Board reserves the right, to the extent it deems necessary or advisable in its sole discretion, to unilaterally modify the Plan and any Awards
made thereunder to ensure all Awards, Award Certificates and Award agreements provided to participants who are U.S. taxpayers are made in such a manner that either qualifies for exemption from or complies with Code Section 409A including, but not
limited to, the ability to increase the exercise or purchase price of an Award (without the consent of the participant) to the Fair Market Value on the date the Award was granted; provided, however that the Company makes no representations that the
Plan or any Awards will be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the Plan or any Award made thereunder.
		
	PRIVILEGES OF STOCK OWNERSHIP	  	No participant and no beneficiary or other person claiming under or through such participant will have any right, title, or interest in or to any shares of Common Stock allocated or reserved
under the Plan or subject to any Award except as to such shares of Common Stock, if any, that have been issued to such participant.
		
	EFFECT ON OUTSTANDING OPTIONS	  	All options outstanding under the 1987 Stock Option Plan will remain subject to the terms of such plan; provided, however, that limitations imposed on such options by Rule 16b-3 will continue
to apply only to the extent Rule 16b-3 so requires.
		
	EFFECT ON OTHER PLANS	  	Whether receiving or exercising an Award causes the participant to accrue or receive additional benefits under any pension or other plan is governed solely by the terms of such other plan.

  

 - 18 - 

			
		
	LIMITATIONS ON LIABILITY	  	Notwithstanding any other provisions of the Plan, no individual acting as a director, employee, or agent of the Company shall be liable to any participant, former participant, spouse,
beneficiary, or any other person for any claim, loss, liability, or expense incurred in connection with the Plan, nor shall such individual be personally liable because of any contract or other instrument he executes in such other capacity. The
Company will indemnify and hold harmless each director, employee, or agent of the Company to whom any duty or power relating to the administration or interpretation of the Plan has been or will be delegated, against any cost or expense (including
attorneys’ fees) or liability (including any sum paid in settlement of a claim with the Board’s approval) arising out of any act or omission to act concerning this Plan unless arising out of such person’s own fraud or bad
faith.
		
	NO EMPLOYMENT CONTRACT	  	Nothing contained in this Plan constitutes an employment contract between the Company and the participants. The Plan does not give the participants any right to be retained in the
Company’s employ, nor does it enlarge or diminish the Company’s right to terminate the participant’s employment.
		
	APPLICABLE LAW	  	The laws of the State of Delaware (other than its choice of law provisions) govern this Plan and its interpretation.
		
	DURATION OF PLAN	  	The Administrator may not grant Awards after May 15, 2007. The Plan will then continue to govern unexercised and unexpired Awards.
		
	CODE SECTION 409A REQUIREMENTS	  	Notwithstanding anything to the contrary in this Plan or any Award agreement, these provisions shall apply to any payments and benefits otherwise payable to or provided to a participant under
this Plan and any Award. For purposes of Code Section 409A, each “payment” (as defined by Code Section 409A) made under this Plan or an Award shall be considered a “separate payment.” In addition, for purposes of Code Section
409A, payments shall be deemed exempt from the definition of deferred compensation under Code Section 409A to the fullest extent possible under (i) the “short-term deferral” exemption of Treasury Regulation § 1.409A-1(b)(4), and (ii)
(with respect to amounts paid as separation pay no later than the second calendar year following the calendar year containing the participant’s “separation from service” (as defined for purposes of Code Section 409A)) the “two
years/two-times” separation pay exemption of Treasury Regulation § 1.409A-1(b)(9)(iii), which are hereby incorporated by reference.

  

 - 19 - 

			
		  	If the participant is a “specified employee” as defined in Code Section 409A (and as applied according to procedures of the Company and its affiliates) as of his separation from
service, to the extent any payment under this Plan or an Award constitutes deferred compensation (after taking into account any applicable exemptions from Code Section 409A), and to the extent required by Code Section 409A, no payments due under
this Plan or an Award may be made until the earlier of: (i) the first day of the seventh month following the participant’s separation from service, or (ii) the participant’s date of death; provided, however, that any payments delayed
during this six-month period shall be paid in the aggregate in a lump sum, without interest, on the first day of the seventh month following the participant’s separation from service. If this Plan or any Award fails to meet the requirements of
Code Section 409A, neither the Company nor any of its affiliates shall have any liability for any tax, penalty or interest imposed on the participant by Code Section 409A, and the participant shall have no recourse against the Company or any of its
affiliates for payment of any such tax, penalty or interest imposed by Code Section 409A.

  

 - 20 -Exhibit 10.6

 Exhibit 10.6 
 DANAHER CORPORATION 
 2007 EXECUTIVE INCENTIVE
COMPENSATION PLAN 
 Amended Effective as of May 5, 2009 
  

			
	PURPOSE	  	Danaher Corporation, a Delaware corporation (the “Company”), wishes to motivate, reward, and retain executive officers of the Company and its subsidiaries. To further these
objectives, the Company hereby sets forth this Danaher Corporation 2007 Executive Incentive Compensation Plan (the “Plan”), effective as of January 1, 2007, to provide participants with performance-based bonus awards
(“Awards”), in accordance with Section 162(m) (“Section 162(m)”) of the Internal Revenue Code of 1986 (the “Code”). (All references to Section 162(m) or any other Code provision include successor
provisions, related regulations, and amendments.)
		
	PARTICIPANTS	  	The Participants in the Plan shall be the Executive Officers of the Company (including those of any subsidiary, operating unit, or division).
		
		  	Executive Officer has the meaning set forth in Rule 3b-7 issued under the Securities Exchange Act of 1934, as amended from time to time, and anyone else the Committee determines to treat
as an Executive Officer for purposes of this Plan.
		
	ADMINISTRATOR	  	The Plan’s Administrator will be the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the
Company.
		
		  	The Committee will include two or more members, each of whom qualifies as an “outside director” within the meaning of Section 162(m), and those outside directors will have exclusive
authority under this Plan to make Awards and determine the attainment of Performance Goals. The Committee may satisfy this requirement through (i) providing that persons who are not “outside directors” cannot vote on an issue, (ii)
allowing those persons to abstain from voting, or (iii) creating a subcommittee of qualifying outside directors to take action with respect to this Plan. If a Committee member intended to qualify as an outside director does not in fact so qualify,
the mere fact of such nonqualification will not invalidate the payment of any Award or other action by the Committee under the Plan that was otherwise valid under the Plan.
		
		  	The Committee is responsible for the general operation and administration of the Plan and for carrying out its provisions and has full discretion in interpreting and administering the provisions
of the Plan. Subject to the express provisions of the Plan, the Committee

			
		  	may exercise such powers and authority of the Board as the Committee may find necessary or appropriate to carry out its functions. The Committee will exercise its powers under the Plan in a
manner that preserves the Company’s Federal income tax deduction for payments made under the Plan, in accordance with the requirements of Section 162(m), to the maximum practical extent.
		
	GENERAL RESPONSIBILITIES OF THE COMMITTEE	  	 Subject to the terms of the Plan, for each Performance Period the Committee will:
  
 establish each Participant’s potential Award,

	  	  
 define Performance Goals and other Award terms and
conditions for each Participant,

	  	  
 determine and certify in writing the Award amounts earned,
based on actual performance as compared to the Performance Goals,

	  	  
 determine and make permitted Negative Discretion Adjustments
to Awards otherwise earned, and

	  	  
 decide whether, under what circumstances, and subject to
what terms, Awards will be paid on a deferred basis (including automatic deferrals at the Committee’s election or elective deferrals at the election of Participants).

		
		  	Unless the Plan otherwise expressly provides, all designations, determinations, interpretations, and other decisions made under or with respect to the Plan and all Awards made under the Plan are
within the sole and absolute discretion of the Committee and will be final, conclusive and binding on all persons, including the Company, Participants, and Beneficiaries or other persons having or claiming any rights under the Plan.
		
	AWARDS 	  	For any single Performance Period, an Award shall only be payable to a Participant if the Company has positive net income for such Performance Period as determined under GAAP and the amount
payable to a Participant for such Performance Period shall equal the lesser of (1) five million dollars ($5,000,000.00), or (2) the amount earned pursuant to the Performance Goals and other Award terms and conditions established by the Committee
with respect to such Performance Period; in each case, subject to any further Negative Discretion Adjustments as the Committee may determine. The Committee will establish each Participant’s potential Award, including the applicable Performance
Goals and related terms and conditions, for each Performance Period within the Applicable Period. A Participant’s potential Award may be expressed in dollars or may be based on a formula that is consistent with the provisions of the
Plan.

  

 - 2 - 

			
		
	PERFORMANCE PERIOD	  	A Performance Period is a period for which Performance Goals are set and during which performance is to be measured to determine whether a Participant is entitled to payment of an Award
under the Plan. A Performance Period may coincide with one or more complete or partial calendar or fiscal years of the Company. Unless otherwise designated by the Committee, the Performance Period will be based on the calendar year.
		
	PERFORMANCE GOALS	  	The Committee will have the authority to establish and administer Performance Goals with respect to such Awards as it considers appropriate, which Performance Goals must be satisfied, as the
Committee specifies, before a Participant receives an Award.
		
		  	Performance Goals will be based exclusively on one or more of the following performance-based measures determined based on the Company and its subsidiaries on a group-wide basis or on the basis
of subsidiary, business platform, or operating unit results (subject to the Committee’s exercise of negative discretion):
		
		  	 earnings per share (on a fully diluted or other basis),

		
		  	 pretax or after tax net income,

		
		  	 operating income,

		
		  	 gross revenue,

		
		  	 profit margin,

		
		  	 stock price targets or stock price maintenance,

		
		  	 working capital,

		
		  	 free cash flow,

		
		  	 cash flow,

		
		  	 return on equity,

		
		  	 return on capital or return on invested capital,

		
		  	 earnings before interest, taxes, depreciation, and amortization (EBITDA),

		
		  	 strategic business criteria, consisting of one or more objectives based on meeting specified revenue, market penetration, geographic business expansion goals, cost
targets, or objective goals relating to acquisitions or divestitures,

		
		  	 or any combination of these measures.

  

 - 3 - 

			
		 	The Committee shall determine whether such Performance Goals are attained, and such determination will be final and conclusive.
		
		 	Each Performance Goal may be expressed in absolute and/or relative terms, may be based on or use comparisons with internal targets, the past performance of the Company (including the performance
of one or more subsidiaries, divisions, business platforms, and/or operating units) and/or the past or current performance of other companies. In the case of earnings-based measures, Performance Goals may use comparisons relating to capital
(including, but not limited to, the cost of capital), shareholders’ equity and/or shares outstanding, or to assets or net assets.
		
		 	The measures used in setting Performance Goals under the Plan for any given Performance Period will, to the extent applicable, be determined in accordance with generally accepted accounting
principles (“GAAP”) and in a manner consistent with the methods used in the Company’s audited financial statements, without regard to (i) extraordinary or nonrecurring items in accordance with GAAP, (ii) the impact of any
change in accounting principles that occurs during the Performance Period (or that occurred during any period that the Performance Period is being compared to) and the cumulative effect thereof (provided that the Committee may either apply the
changed accounting principle to all periods referenced in the Award, or exclude the changed accounting principle from all periods referenced in the Award), (iii) goodwill and other intangible impairment charges, (iv) gains or charges
associated with discontinued operations or restructuring activities, (v) gains or charges related to the sale or impairment of assets, (vi) all charges directly related to acquisitions, including all contingent liabilities identified as of
the acquisition date, (vii) the impact of any change in tax law that occurs during the Performance Period (or that occurred during any period that the Performance Period is being compared to) which exceeds $10 million, and (viii) other
objective income, expense, asset, and/or cash flow adjustments as may be consistent with the purposes of the Performance Goals set for the given Performance Period and specified by the Committee within the Applicable Period, unless in each case the
Committee decides otherwise within the Applicable Period; provided, that with respect to the gains and charges referred to in sections (iii) through (vi), only gains or charges that individually or as part of a series of related items exceed
$10 million are excluded.
		
		 	In all cases, Performance Goals are to be set in a manner that will satisfy any applicable requirements under Treas. Reg. Sec. 1.162-27(e)(2) (as amended from time to time). Subject to any
amendment to such regulation, such requirements include requirements that achieving Performance Goals be “substantially uncertain” at the time that they are established, that Performance Goals be defined in such a

  

 - 4 - 

			
	 	  	way that a third party with knowledge of the relevant facts could determine whether and to what extent the
Goals have been met, and such a third party could determine the maximum amount of
the resulting Award
payable (subject to the Committee’s right to make Negative Discretion Adjustments).
		
		  	The Applicable Period with respect to any Performance Period for an Award means a period beginning on or before the first day of the Performance Period and ending no later than the
earlier of (i) the 90th day of the Performance Period or (ii) the date on which 25% of the Performance Period has been completed.
		
		  	Any action required under the Plan to be taken within the Applicable Period may be taken at a later date only if the provisions of Section 162(m) or the regulations thereunder are modified, or
are interpreted by the Internal Revenue Service, to permit such later date. In such event, the definition of the Applicable Period under this Plan will be deemed to be amended accordingly.
		
	PAYMENT OF AWARDS	  	Subject to the limitations set forth in this section, Awards determined under the Plan for a Performance Period will be paid to Participants in cash no earlier than the January 1st and no later
than the March 15th of the calendar year following the end of the Performance Period to which the Awards apply, unless deferred pursuant to the Plan.
		
	CERTIFICATION 	  	No Award will be paid unless and until the Committee, based on the Company’s audited financial results for such Performance Period (as prepared and reviewed by the Company’s
independent public accountants) to the extent applicable, has certified in the manner prescribed under applicable regulations the extent to which the Performance Goals for the Performance Period have been attained and has made and exercised its
decisions regarding the extent of any Negative Discretion Adjustment of Awards for Participants for the Performance Period.
		
	DEFERRAL	  	All or any portion of the Award for any given Performance Period may be deferred under the Danaher Corporation & Subsidiaries Amended and Restated Executive Deferred Incentive
Program.
		
	CONTINUED EMPLOYMENT	  	The Committee may require that Participants for a Performance Period must still be employed as of end of the Performance Period and/or as of the later date that the Awards for the Performance
Period are communicated to be eligible for an Award for the Performance Period. Any such requirement must be established and announced within the Applicable Period, and may be subject to such exceptions as the Committee may specify within the
Applicable Period.

  

 - 5 - 

			
	FORFEITURE OR PRORATION	  	Within the Applicable Period and subject to the Committee certification required for payment of Awards, the Committee may adopt such forfeiture, proration, or other rules as it deems
appropriate, in its sole and absolute discretion, regarding the impact on Awards of a Participant’s death, Disability, or other events or situations determined by the Committee to constitute an appropriate exception to attainment of any
Performance Goal for purposes of Treas. Reg. Sec. 1.162-27(e)(2) (as amended from time to time).
		
		  	A Participant shall be considered to have a Disability if the Participant (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment which can
be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering
employees of the Participant’s employer.
		
	NEGATIVE DISCRETION ADJUSTMENTS	  	The Committee’s powers include the power to make Negative Discretion Adjustments, which are adjustments that eliminate or reduce (but not increase) an Award otherwise payable to a
Participant for a Performance Period. No Negative Discretion Adjustment may cause an Award to fail to qualify as “performance based compensation” under Section 162(m).
		
	OTHER PLANS 	  	A Participant in this Plan may not also participate in the Company’s general bonus plans during any Performance Period if such participation would cause an Award under this Plan to fail to
qualify as “performance based” under Section 162(m).
		
		  	Awards will not be treated as compensation for purposes of any other compensation or benefit plan, program, or arrangement of the Company or any subsidiary unless and except to the extent that
the Board or the Committee determines in writing.
		
		  	Neither the adoption of this Plan nor the submission of the Plan to the Company’s shareholders for approval will be construed as limiting the power of the Board or the Committee to adopt
such other incentive arrangements as either may otherwise deem appropriate.
		
	LEGAL COMPLIANCE 	  	The Company will not make payments of Awards until all applicable requirements imposed by Federal and state laws, rules, and regulations, and by any applicable regulatory agencies, have been
fully met. No provision in the Plan or action taken under it authorizes any action that Federal or state laws otherwise prohibit.

  

 - 6 - 

			
		  	The Plan is intended to conform with all provisions of Section 162(m) and Treas. Reg. § 1.162-27 to the extent necessary to allow the Company a Federal income tax deduction for Awards
as “qualified performance-based compensation.”
		
		  	Notwithstanding anything in the Plan to the contrary, the Committee must administer the Plan, and Awards may be granted and paid, only in a manner that conforms to such laws, rules, and
regulations. To the extent permitted by applicable law, the Plan will be treated as amended to the extent necessary to conform to such laws, rules, and regulations.
		
	 TAX
 WITHHOLDING
	  	The Company may make all appropriate provisions for the withholding of Federal, state, and local taxes imposed with respect to Awards, which provisions may vary with the time and manner of
payment.
		
	NONTRANSFER OF RIGHTS	  	Except as and to the extent the law requires, or as the Plan expressly provides, a Participant’s rights under the Plan may not be assigned, pledged, or otherwise transferred in any way,
whether by operation of law or otherwise or through any legal or equitable proceedings (including bankruptcy), by the Participant to any person.
		
	BENEFICIARY DESIGNATIONS	  	Each Participant may designate in a written form filed with the Committee (or another designated recipient) the person or persons (the “Beneficiary” or
“Beneficiaries”) to receive the amounts (if any) payable under the Plan if the Participant dies before the Award payment date for a Performance Period. A Beneficiary designation filed under this section will not be considered a
prohibited transfer of rights.
		
		  	A Participant may change a Beneficiary designation at any time without the Beneficiary’s consent (unless otherwise required by law) by filing a new written Beneficiary designation with the
Committee. A Beneficiary designation will be effective only if the Company is in receipt of the designation before the Participant’s death.
		
		  	If no effective Beneficiary designation is made, the beneficiary of any amounts due will be the Participant’s estate.

  

 - 7 - 

			
	 AMENDMENT OR TERMINATION
 OF PLAN
	  	Subject to the limitations set forth in this section, the Board may amend, suspend, or terminate the Plan at any time, without the consent of the Participants or their
Beneficiaries.
		
		  	The Board or the Committee may make any amendments necessary to comply with applicable regulatory requirements, including Section 162(m) and regulations thereunder.
		
		  	The Board must submit any Plan amendment to the Company’s shareholders for their approval if and to the extent such approval is required under Section 162(m).
		
	LIMITATIONS ON LIABILITY 	  	No member of the Committee and no other individual acting as a director, officer, other employee or agent of the Company will be liable to any Participant, former Participant, spouse,
Beneficiary, or any other person or entity for any claim, loss, liability, or expense incurred in connection with the Plan. No member of the Committee will be liable for any action or determination (including, but limited to, any decision not to
act) made in good faith with respect to the Plan or any Award under the Plan. If a Committee member intended to qualify as an ‘outside director’ under Section 162(m) does not in fact so qualify, the mere fact of such nonqualification will
not invalidate any award or other action made by the Committee under the Plan that otherwise was validly made under the Plan.
		
	NO EMPLOYMENT CONTRACT	  	Nothing contained in this Plan constitutes an employment contract between the Company and the Participants. The Plan does not give any Participant any right to be retained in the Company’s
employ, nor does it enlarge or diminish the Company’s right to end the Participant’s employment or other relationship with the Company.
		
	APPLICABLE LAW	  	The laws of the State of Delaware (other than its choice of law provisions) govern this Plan and its interpretation.
		
	DURATION OF THE PLAN	  	The Plan will remain effective until terminated by the Board, provided, however, that the continued effectiveness of the Plan will be subject to the approval of the Company’s
shareholders at such times and in such manner as Section 162(m) may require.
		
	DISCLOSURE AND APPROVAL OF THE PLAN	  	The Plan must be submitted to Company shareholders for their approval. The specific terms of the Plan, including the class of employees eligible to be Participants, the Performance Goals, and
the terms of payment of Awards, must be disclosed to the shareholders to the extent Section 162(m) requires. The shareholders must approve the Plan by a separate vote after such disclosure. If the shareholders do not approve the Plan, the Plan will
be treated as void and of no effect.

  

 - 8 - 

			
	 CODE SECTION 409A
 REQUIREMENTS
	  	Notwithstanding anything to the contrary in this Plan, these provisions shall apply to any payments and benefits otherwise payable to or provided to a Participant under this Plan. For
purposes of Code Section 409A, each “payment” (as defined by Code Section 409A) made under this Plan shall be considered a “separate payment.” In addition, for purposes of Code Section 409A, payments shall be deemed exempt from
the definition of deferred compensation under Code Section 409A to the fullest extent possible under (i) the “short-term deferral” exemption of Treasury Regulation § 1.409A-1(b)(4), and (ii) (with respect to amounts paid as separation
pay no later than the second calendar year following the calendar year containing the Participant’s “separation from service” (as defined for purposes of Code Section 409A)) the “two years/two-times” separation pay exemption
of Treasury Regulation § 1.409A-1(b)(9)(iii), which are hereby incorporated by reference.
		
		  	If the Participant is a “specified employee” as defined in Code Section 409A (and as applied according to procedures of the Company and its affiliates) as of his separation from
service, to the extent any payment under this Plan constitutes deferred compensation (after taking into account any applicable exemptions from Code Section 409A), and to the extent required by Code Section 409A, no payments due under this Plan may
be made until the earlier of: (i) the first day of the seventh month following the Participant’s separation from service, or (ii) the Participant’s date of death; provided, however, that any payments delayed during this six-month period
shall be paid in the aggregate in a lump sum, without interest, on the first day of the seventh month following the Participant’s separation from service. If this Plan fails to meet the requirements of Code Section 409A, neither the Company nor
any of its affiliates shall have any liability for any tax, penalty or interest imposed on the Participant by Code Section 409A, and the Participant shall have no recourse against the Company or any of its affiliates for payment of any such tax,
penalty or interest imposed by Code Section 409A.
		
	RECOUPMENT	  	Any Award awarded under the Plan on or after March 15, 2009 is subject to the terms of the Danaher Corporation Recoupment Policy in the form approved by the Compensation Committee of
Danaher’s Board of Directors as of the date of award (a copy of the Recoupment Policy as it exists from time to time is available on Danaher’s internal website).

  

 - 9 -

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