Document:

EX-10.23

 Exhibit 10.23 

[GTHM Employment Services LLC letterhead] 
 December 13,
2019 
 Andrew Nash 
 c/o Fortive Corporation 

Dear Andrew: 
 I am delighted to offer you employment with GTHM
Employment Services LLC (the “Company”). The Company is a newly created subsidiary of Fortive Corporation (“Fortive”). As you know, Fortive has announced that it will separate into two
publicly traded companies. Upon this separation, the Company will become part of a newly created transportation technologies and franchise distribution business, referred to currently as NewCo (“NewCo”). Current
Fortive operating companies in transportation technologies and franchise distribution will be organized under NewCo. This is a very exciting time, and we are confident that your background and experience will allow you to make major contributions to
NewCo upon the separation. 
 As we discussed, as of January 2, 2020 your position would be Senior Vice President, Human Resources, reporting to Mark
Morelli, CEO of NewCo, subject to periodic review. Until Mark joins, you will report into Martin Gafinowitz, Separation leader for NewCo. 
 Please allow
this letter to serve as documentation of the offer extended to you. 
 Start Date: Your start date with the Company will be: January 2, 2020

 Base Salary: Your base salary will be paid at the annual rate of $450,000.00, subject to periodic review, and payable in accordance with the
Company’s usual payroll practices. As an executive officer of NewCo, your compensation will be determined by the Board and Compensation Committee of NewCo, which will establish its own pay philosophy and determine its own peer group for
benchmarking purposes after the separation. 
 Incentive Compensation: You will continue to be eligible to participate in the Fortive Incentive
Compensation Plan (“ICP”) with a target bonus of 60% of your annual base salary, subject to periodic review. Normally, ICP payments are made during the first quarter of the following calendar year. This bonus is based on a
Company Financial Factor and a Personal Performance Factor which are determined each year. The ICP bonus payment will be pro-rated for any initial partial year of eligibility as applicable. Upon the
separation, NewCo will adopt its own incentive compensation plan. 
 Benefits: You will continue to be eligible to participate in any employee
benefit plans that you currently participate in and that the Company may adopt, maintain, or contribute to for the benefit of its regular exempt employees generally, subject to satisfying any applicable eligibility requirements. You will continue to
be eligible to participate in the Fortive 401(k) retirement plan subject to the applicable plan documents. Upon the separation, NewCo will adopt its own health, insurance and retirement benefits plans. Your service date as recognized by Fortive
would be recognized by NewCo for purposes of service-based benefits except as advised otherwise. 
 Vacation: The Company will honor all of your
accrued and unused vacation/paid time off you had with Fortive at the time of your transfer to the Company. After the Start Date, you will be eligible for 20 days of annual vacation / paid time off benefits pursuant to the Company’s vacation
/paid time off policy, which will be pro-rated based upon your Start Date for 2019 (plus your credited vacation/paid time off from Fortive). 

 Equity Compensation: A recommendation will be made to the Board or the Compensation Committee (as
applicable) of Fortive, or NewCo to grant you a one-time, special equity award with a target award value of $400,000.00 at its February 2020 meeting. 

In addition, a recommendation will be made to the Board or the Compensation Committee (as applicable) of Fortive or NewCo to grant you an equity award as part
of its’s annual equity compensation program at its February 2020 meeting. The target award value of this annual grant for 2020 would be $450,000.00. 

Any Fortive or NewCo equity awards would vest 20 % on each of the first 5 anniversaries of the grant date, and will be solely governed by the terms and
conditions set forth in either Fortive’s or NewCo’s applicable stock incentive plan and in the particular form of award agreement required to be signed with respect to each award. The target award value of any grant(s) will be split evenly
between stock options and RSUs and will be converted into a specific number of options and RSUs based on the standard methodology used by Fortive or NewCo as of the date of the grant. The Company (and Fortive) cannot guarantee that any RSUs or stock
options granted to you will ultimately have any particular value or any value. 
 Upon the Separation, NewCo will preserve the value of your Fortive Equity
awards immediately prior to separation in a manner to be determined based on the nature of the method of separation. 
 EDIP Program: You will
continue to participate in the Executive Deferred Incentive Program (“EDIP”), an exclusive, non-qualified executive benefit designed to supplement retirement benefits that
otherwise are limited by IRS regulations; and provide the opportunity for you to defer taxation on a portion of your current income (base salary or bonus or both). Upon the separation, NewCo will adopt its own
non-qualified executive deferred income plan. 
 Relocation: The Company is pleased to provide relocation
benefits through a third party relocation services company. Once you have communicated to the Company that you have signed and returned both this offer letter and the enclosed Relocation Repayment Agreement, the relocation services representative
will contact you to explain the services, assistance and benefits provided under the Relocation Policy for Fortive Corporation and its Affiliates, coordinate your relocation coverage and answer any questions that you may have. 

At-Will Employment: Nothing in this offer letter shall be construed as any agreement, express or implied, to
employ you for any stated term. Your employment with the Company will be on an at-will basis, which means that either you or the Company can terminate the employment relationship at any time and for any reason
(or no reason), with or without notice. 
 Conditions of Employment Offer: This offer of employment is expressly conditioned upon your execution and
return of the following documents no later than the date stated in the acknowledgment below: 
  

	 	•	 	 Agreement Regarding Competition and the Protection of Proprietary Interests and the terms contained therein.

  

	 	•	 	 Relocation Repayment Agreement 

We anticipate that you will make a very strong contribution to the success of the Company and NewCo and believe this is an excellent professional opportunity
for you. We look forward to the opportunity to work with you as we pursue our very aggressive goals. 
 If there is anything we can do, please do not
hesitate to contact me. 
 Sincerely yours, 
 /s/ Stacey A.
Walker 
 Stacey A. Walker 

 Acknowledgement 

Please acknowledge that you have read, understood and accept this offer of at will employment by signing and returning it to me, along with the
above-referenced signed documents no later than December 20, 2019. 

	
	
	/s/ Andrew Nash
	Signature

 Date: 12/17/19.EX-10.24

 Exhibit 10.24 

Approved and effective ________ ___, 2020 

FORM OF 
 VONTIER CORPORATION
DIRECTOR COMPENSATION POLICY 
 Each non-management director of Vontier Corporation (“Vontier”)
receives: 
  

	 	•	 	 An annual retainer of $100,000 (the “Annual Base Retainer”), payable, based upon the election
(the “Payment Election”) of such director under the terms of the Vontier Corporation Non-Employee Director’s Deferred Compensation Plan, as may be amended from time to time
(“DCP”), either in cash (the “Cash Base Retainer”) equal to the Annual Base Retainer amount, in a restricted stock unit (“RSU”) grant (the “Equity Base Retainer”) with a target
award value of the Annual Base Retainer amount, or in a combination of Cash Base Retainer and Equity Base Retainer, with the allocation between Cash Base Retainer and Equity Base Retainer determined based on the Payment Election.

  

	 	•	 	 In addition to any Equity Retainer (as defined below), an annual equity award with a target award value of
$175,000 (the “Annual Equity Grant”), divided equally between options and RSUs; provided, however, that, at the sole discretion of the Compensation & Management Development Committee or the Board of Directors, such Annual
Equity Grant may be comprised solely of RSUs. The options, if any, are fully vested as of the grant date. The RSU component of the Annual Equity Grant shall vest upon the earlier of (1) the first anniversary of the grant date, or (2) the
date of, and immediately prior to, the next annual meeting of Vontier shareholders following the grant date, and will be converted into shares of Vontier common stock upon or as soon as practicable after vesting, subject to any applicable deferral
election under the DCP. 

  

	 	•	 	 Reimbursement for Vontier-related
out-of-pocket expenses, including travel expenses and expenses for director education that are reasonably related to responsibilities as a director of Vontier and that
are pre-approved by the Corporate Secretary. 

 In addition, the Board chair receives: 

 

	 	•	 	 An annual retainer of $92,500 (the “Annual Board Chair Retainer”), payable, based upon the
Payment Election, either in cash (“Cash Board Chair Retainer”) equal to the Annual Board Chair Retainer amount, in an annual RSU grant (the “Equity Board Chair Retainer”) with a target award value of the Annual
Board Chair Retainer amount, or in a combination of Cash Board Chair Retainer and Equity Board Chair Retainer, with the allocation between Cash Board Chair Retainer and Equity Board Chair Retainer determined based on the Payment Election.

  

	 	•	 	 An annual equity award with a target value of $92,500 (divided equally between options and RSUs or comprised
solely of RSUs, in each case, as described above for the Annual Equity Grant). 

 Furthermore, the chair of the Audit Committee receives
an annual retainer of $25,000 (the “Annual AC Chair Retainer”), the chair of the Compensation & Management Development Committee receives an annual retainer of $20,000 (the “CC Chair Retainer”), and the
chair of the Nominating and Governance Committee receives an annual retainer of $15,000 (together with the AC Chair Retainer, and the CC Chair Retainer, the “Annual Committee Chair Retainers”), which Annual Committee Chair Retainers
are payable, based upon the Payment Election, either in cash (“Cash Committee Chair Retainer”) equal to the 

 
corresponding Annual Committee Chair Retainer amount, in a RSU grant (“Equity Committee Chair Retainer”) with a target award value of the Annual Committee Chair Retainer amount,
or in a combination of Cash Committee Chair Retainer and Equity Committee Chair Retainer, with the allocation between Cash Committee Chair Retainer and Equity Committee Chair Retainer determined based on the Payment Election. 

Moreover, each non-chair member of the Audit Committee receives an annual retainer of $15,000 (the “AC Member
Retainer”), each non-chair member of the Compensation & Management Development Committee receives an annual retainer of $10,000 (the “CC Member Retainer”), and each non-chair member of the Nominating and Governance Committee receives an annual retainer of $7,500 (together with the AC Member Retainer and the CC Member Retainer, the “Annual Member Retainer”),
which Annual Member Retainers are payable, based upon the Payment Election, either in cash (“Cash Member Retainer” and, together with the Cash Base Retainer, the Cash Board Chair Retainer, and the Cash Committee Chair Retainer, the
“Cash Retainer”) equal to the corresponding Annual Member Retainer amount, in a RSU grant (“Equity Member Retainer” and, together with the Equity Base Retainer, the Equity Board Chair Retainer, and the Equity
Committee Chair Retainer, the “Equity Retainer”) with a target award value of the Annual Member Retainer amount, or in a combination of Cash Member Retainer and Equity Member Retainer, with the allocation between Cash Member
Retainer and Equity Member Retainer determined based on the Payment Election. 
 The Annual Base Retainer, the Annual Board Chair Retainer, the Annual
Committee Chair Retainers, and the Annual Member Retainers are referred to collectively as the “Annual Retainer.” 
 A director will make a
Payment Election that will govern the director’s Annual Retainer; provided, that such Payment Election may include different times and forms of payment for each component of the Annual Retainer. 

The foregoing notwithstanding, any Annual Board Chair Retainer, Annual Committee Chair Retainers, and/or Annual Member Retainers that become determined as to
a director after the time of an Annual Equity Grant to such director shall be payable in cash in quarterly installments until the next Annual Equity Grant notwithstanding any contrary Payment Election by such director. 

All Cash Retainers will be paid in four, equal installments following each quarter of service, with any amendments or adjustments to such Cash Retainer
effective the quarter following such amendment or adjustment. 
 If applicable, the grant of the Equity Retainer will be made concurrently with the
corresponding Annual Equity Grant; provided that the Equity Retainer shall vest upon the earlier of (1) the first anniversary of the corresponding grant date, or (2) the date of, and immediately prior to, the next annual meeting of Vontier
shareholders following such grant date and will be converted into shares of Vontier common stock upon or as soon as practicable after vesting, subject to any applicable deferral election under the DCP. 

Any director of Vontier who is an employee of Fortive Corporation but is not an employee of Vontier shall be deemed a
non-management director under this policy. 
 At the time of the Distribution, each
non-management director of Vontier who is serving as a director at the time of the Distribution will receive a one-time equity award (the “Distribution
Awards”) with a target award value of, with respect to each non-management director who is not the Board chair, $100,000, and, with respect to the Board chair, $500,000, in each case, divided equally
between options and RSUs. With respect to the Distribution Awards, both the options and RSUs will vest in three equal installments on each of the first three anniversaries of the grant date, subject to the director’s continued service as a
member of the Vontier Board through the applicable vesting date.

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