Document:

Exhibit 10.3

 Exhibit 10.3 
 DANAHER CORPORATION 
 NON-EMPLOYEE DIRECTORS’ DEFERRED COMPENSATION PLAN 
 Election to Defer Form 
 This
Agreement made as of                     ,          by and between
                                , an individual residing at
                                 (the “Participant”), and Danaher
Corporation (the “Company”) pursuant to the Danaher Corporation Non-Employee Directors’ Deferred Compensation Plan (the “Sub-Plan”). 
 WHEREAS, the Company has established the Sub-Plan under the Danaher Corporation 2007 Stock Incentive Plan (the “2007 Stock Incentive Plan”) on behalf of its eligible non-employee Directors, and the
Participant is eligible to make an election to defer all or a portion of his or her aggregate cash Compensation as a Director in any Plan Year pursuant to the terms and conditions of the Sub-Plan. 
 NOW THEREFORE, the parties agree as follows: 
 (i) General. Capitalized terms not defined herein shall have the same meaning as set forth in the 2007 Stock Incentive Plan or the Sub-Plan. In the event of a conflict or inconsistency between this Election to Defer Form and the
Sub-Plan, the Sub-Plan shall control. 
 (ii) Deferral Amount. The Company and the Participant agree that the percentage of the
Participant’s cash Compensation (i.e., cash Retainer, cash Meeting Fees, and cash Chairperson Fees (if any)), designated below, which would otherwise be payable with respect to services performed as a Director during a Plan Year beginning after
the date hereof (or with respect to a newly-appointed Director, during the remainder of the Plan Year after this Election to Defer Form is submitted to the Administrator) and each Plan Year thereafter, shall instead be credited to the
Participant’s account established under the Sub-Plan: 
 [Please check one of the following:] 
  

	 	 ̈	25% of Compensation 

  

	 	 ̈	50% of Compensation 

  

	 	 ̈	75% of Compensation 

  

	 	 ̈	100% of Compensation 

 (iii) Participant’s
Account. The amount so deferred shall be credited to the Participant’s account as of the quarterly date the amount deferred otherwise would have been paid to the Participant. All amounts credited to the Participant’s account shall be
credited as Phantom Shares. The number of whole and partial Phantom Shares credited to the Participant’s account will be based upon the dollar amount deferred for the applicable quarterly period divided by the Fair Market Value of the
Company’s Common Stock on the date the amount deferred otherwise would have been paid to the Participant. The value of a Phantom Share credited to a Participant’s account shall thereafter fluctuate pari passu with the Fair Market Value of
a share of the Company’s Common Stock. Participant acknowledges that (a) Phantom Shares do not constitute stock or any other equity interest in the Company and (b) the value of the shares of Company Common Stock that the Participant
receives in respect of Phantom Shares upon distribution may be more or less than the initial deferral amount that relates to such Phantom Shares. 

 (iv) Deferral Period. Subject to Section 4.6 of the Sub-Plan, the Phantom Shares credited to
a Participant’s account shall be converted into shares of Common Stock and distributed to the Participant upon the earliest of (1) the distribution event elected by the Participant below, (2) the date the Participant dies, or
(3) a Change in Control of the Company: 
 [Please check one of the following:] 
  

	 	 ̈	Termination of Service 

  

	 	 ̈	First anniversary of Termination of Service 

  

	 	 ̈	Second anniversary of Termination of Service 

  

	 	 ̈	Third anniversary of Termination of Service 

  

	 	 ̈	Fourth anniversary of Termination of Service 

  

	 	 ̈	Fifth anniversary of Termination of Service 

 (v)
Change in Deferral Period. Notwithstanding the foregoing and with respect to Participants who have elected distribution upon Termination of Service only, as provided in Section 4.4 of the Sub-Plan, after making the election to receive a
distribution upon Termination of Service in (iv) above, the Participant may make one subsequent election to change such deferral period; provided, that such subsequent election (1) may only extend the deferral period to the fifth
anniversary of the Participant’s Termination of Service; (2) may not be effective until 12 months after the date the subsequent election is made; and (3) must be made at least 12 months prior to the date the payment would otherwise be
made. To effect such subsequent election, the Participant should provide the Administrator with written notice of such subsequent election. For the avoidance of doubt, if the Participant makes a valid subsequent election, subject to Section 4.6
of the Sub-Plan the Participant’s account balance shall be distributed to the Participant upon the earliest of (1) the fifth anniversary of the Participant’s Termination of Service, (2) the date the Participant dies, or
(3) a Change in Control of the Company. 
 (vi) Timing and Irrevocability of Election. The provisions of this Election to Defer
Form will continue to apply unless and until the Participant revokes this Election to Defer Form or changes his or her deferral election by submitting a new Election to Defer Form. Once a Participant has submitted an Election to Defer Form, the
Participant may only revoke the Election to Defer Form, or change his or her deferral election, if he or she notifies the Administrator in writing of the revocation or change prior to December 31 of the calendar year preceding the Plan Year for
which the revocation or change is to be effective. If the Participant revokes the Election to Defer Form or changes his or her deferral election, the revocation or change shall be effective beginning with the Plan Year following the calendar year in
which the revocation or change is made. With regard only to a Participant’s initial year of eligibility, this Election to Defer Form must be received no later than thirty (30) calendar days after the date the Participant initially becomes
eligible to participate in the Sub-Plan in order to be effective. 
 (vii) Participant Acknowledgement. The Participant acknowledges
receipt of the Sub-Plan, the 2007 Stock Incentive Plan and the prospectus relating thereto and agrees to be bound by all the terms and provisions thereof. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 
  

											
	 	 		 	By:	 	 
	Participant	 		 		 	Name:	 	
		 		 		 	Title:	 	

 DANAHER CORPORATION 
 NON-EMPLOYEE DIRECTORS’ DEFERRED COMPENSATION PLAN 
 Beneficiary Designation Form

 Note: A Participant in the Danaher Corporation Non-Employee Directors’ Deferred Compensation Plan (the “Sub-Plan”) may designate a
beneficiary or beneficiaries who, upon the Participant’s death, will receive the shares of Danaher common stock that otherwise would have been distributed to the Participant under the Sub-Plan. Please complete this form and submit it to the
Administrator if you would like to so designate any such beneficiary(ies). Please refer to Article 6 of the Sub-Plan for more information. 
 I hereby
designate the following beneficiary(ies) to receive any payment that would otherwise become due to me upon my death under the terms of the Sub-Plan, subject to my right to change the beneficiary in accordance with the provisions of the Sub-Plan.
(Print names, indicate relationships and give addresses) 
  

					
			
	 	  	 	  	 
	Name	  	Relationship	  	Address
			
	 	  	 	  	 
	Name	  	Relationship	  	Address
			
	 	  	 	  	 
	Name	  	Relationship	  	Address
			
	 	  	 	  	 
	Name	  	Relationship	  	Address

 If two or more beneficiaries are named, and no statement is made to the contrary, I understand that payment will
be made in equal shares to the named beneficiaries who survive me. 
  

					
	  	 		 	  
	Date	 		 	ParticipantExhibit 10.6

 Exhibit 10.6 
 DANAHER CORPORATION 
 2007 STOCK INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 (Non-US
Employees) 
 Unless otherwise defined herein, the terms defined in the Danaher Corporation 2007 Stock Incentive Plan (the
“Plan”) shall have the same defined meanings in this Stock Option Agreement (the “Option Agreement”). 
  

	I.	NOTICE OF STOCK OPTION GRANT 

 Name: 

 Address: 
 The
undersigned Optionee has been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: 
  

			
	 Date of Grant
	  	___________________________________________
		
	 Exercise Price per Share
	  	$__________________________________________
		
	 Total Number of Shares Granted
	  	___________________________________________
		
	 Total Exercise Price
	  	$__________________________________________
		
	 Type of Option
	  	U.S. Nonstatutory Stock Option
		
	 Expiration Date
	  	Tenth anniversary of Date of Grant
		
	 Vesting Schedule
	  	
		
	 Time-Based Vesting Criteria
	  	___________________________________________
		
	 and/or
	  	
		
	 [Performance Objective]
	  	___________________________________________

	II.	AGREEMENT 

 1. Grant of Option. The
Company hereby grants to Optionee named in the Notice of Stock Option Grant (the “Optionee”), an option (the “Option”) to purchase the number of shares (the “Shares”) set forth in the Notice of Stock Option Grant, at
the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of a conflict between the
terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. 
 2. Vesting.

 (a) Vesting Schedule. Except as may otherwise be set forth in this Option Agreement or in the Plan, Options awarded
to an Optionee shall not vest until Optionee (i) satisfies the performance-based vesting criteria (“Performance Objective”), if any, applicable to such Options and (ii) continues to be actively employed with the Company or
an Eligible Subsidiary for the periods required to satisfy the time-based vesting criteria (“Time-Based Vesting Criteria”) applicable to such Options. The Performance Objective and Time-Based Vesting Criteria applicable to an Option are
collectively referred to as “Vesting Conditions,” and the earliest date upon which all Vesting Conditions are satisfied is referred to as the “Vesting Date.” The Vesting Conditions for an Option received by an Optionee shall be
established by the Compensation Committee (the “Committee”) (or by one or more members of Company management, if such power has been delegated in accordance with the Plan and applicable law) and reflected in the account maintained for
Optionee by an external third party administrator of the Option awards. Further, during any approved leave of absence, to the extent permitted by local law, the Committee shall have discretion to provide that the vesting of the Options shall be
frozen as of the first day of the leave and shall not resume until and unless Optionee returns to active employment prior to the Expiration Date of the Options. 
 (b) Performance Objective. The Committee shall determine whether the Performance Objective applicable to an Option has been met,
and such determination shall be final and conclusive. Until the Committee has made such a determination, the Performance Objective may not be considered to have been satisfied. Notwithstanding any determination by the Committee that the Performance
Objective has been attained with respect to particular Options, such Options shall not be considered to have vested unless and until Optionee has satisfied the Time-Based Vesting Criteria applicable to such Options. 
 (c) Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all Options held by an Optionee shall be
deemed 100% satisfied upon Optionee’s attainment of age 65; provided that such Options shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date. 
 3. Exercise of Option. 
 (a) Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

  

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 (b) Method and Time of Exercise. This Option shall be exercisable by any method
made available from time to time by the external third party administrator of the Option awards. An exercise may be made with respect to whole Shares only, and not for a fraction of a Share. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable
requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the
Company’s securities may then be traded. The Committee may require Optionee to take any reasonable action in order to comply with any such rules or regulations. Assuming such compliance, for income tax purposes the Shares shall be considered
transferred to Optionee on the date the Option is exercised with respect to such Shares. 
 (c) Acknowledgment of Potential
Securities Law Restrictions. Unless a registration statement under the Securities Act covers the Shares issued upon exercise of an Option, the Committee may require that Optionee 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. The Committee may also require Optionee to acknowledge that he or she shall not sell or transfer such Shares except in
compliance with all applicable laws, and may apply such other restrictions as it deems appropriate. Optionee also acknowledges that the U.S. federal securities laws prohibit trading in the stock of the Company by persons who are in possession of
material, non-public information, and also acknowledges and understands the other restrictions set forth in the Company’s Insider Trading Policy. 
 4. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of Optionee: 
 (a) cash, delivered to the external third party administrator of the Option awards in any methodology permitted by such third party
administrator; or 
 (b) to the extent permitted by applicable law, payment under a cashless exercise program approved by the
Company or through a broker-dealer sale and remittance procedure pursuant to which Optionee (i) shall provide written instructions to a licensed broker acceptable to the Company and acting as agent for Optionee to effect the immediate sale of
some or all of the purchased Shares and to remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased Shares and (ii) shall provide written
direction to the Company to deliver the purchased Shares directly to such brokerage firm in order to complete the sale transaction. 
 5.
Termination of Employment. 
 (a) General. In the event Optionee’s active employment with the Company or an
Eligible Subsidiary terminates for any reason (other than death or Retirement), all unvested Options shall be automatically forfeited by Optionee as of the date of termination. In the event Optionee’s employment with the Company or an Eligible
Subsidiary terminates for any reason (other than death, Disability, Retirement or Gross Misconduct), Optionee shall have a period of three (3) months, commencing with the date Optionee is no longer actively employed, to exercise the vested
portion of any outstanding Options. 
  

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 (b) Death. Upon Optionee’s death, all unexpired options shall become fully
exercisable and may be exercised for a period of twelve (12) months thereafter by the personal representative of Optionee’s estate or any other person to whom the Option is transferred under a will or under the applicable laws of descent
and distribution. 
 (c) Disability. In the event Optionee’s employment with the Company or an Eligible Subsidiary
terminates by reason of Optionee’s Disability, all unvested Options shall be automatically forfeited by Optionee as of the date of termination and Optionee shall have until the first anniversary of Optionee’s termination of employment for
Disability to exercise the vested portion of any outstanding Options. 
 (d) Normal Retirement. In the event Optionee
voluntarily terminates his or her employment with the Company or an Eligible Subsidiary at or after reaching age 65, and as of the date of Optionee’s Normal Retirement Optionee holds Options that remain subject to any Performance Objective, the
Options shall remain outstanding for up to the fifth anniversary of such date (or if earlier, up to the Expiration Date of the Option) to determine whether such conditions become satisfied (and if the Committee determines that the Performance
Objectives are satisfied within such period, the Options shall remain outstanding and may be exercised up until the fifth anniversary of the date of Optionee’s Normal Retirement (or if earlier, up until the Expiration Date of the Options)). In
the event Optionee voluntarily terminates his or her employment with the Company or an Eligible Subsidiary at or after reaching age 65, and as of the date of Optionee’s Normal Retirement, Optionee holds Options that are not subject to any
unsatisfied Performance Objective, the Options shall remain outstanding and may be exercised up until the fifth anniversary of such date (or if earlier, up until the Expiration Date of the Option). 
 (e) Early Retirement. In the event Optionee voluntarily terminates his or her employment with the Company or an Eligible Subsidiary
prior to age 65 and the Committee determines that the cessation of Optionee’s employment constitutes Early Retirement, Optionee’s unvested Options shall remain outstanding and shall continue to vest (as to both the Performance
Objective and Time-Based Vesting Criteria, as applicable) for a period of five (5) years following the date of Optionee’s Retirement. 
 (f) Gross Misconduct. If Optionee’s employment with the Company or an Eligible Subsidiary is terminated for Gross Misconduct, Optionee’s unexercised Options shall terminate immediately as of the time
of termination, without consideration. 
 (g) Violation of Post-Employment Covenant. To the extent that any of
Optionee’s Options remain outstanding under the terms of the Plan or this Option Agreement after termination of Optionee’s employment with the Company or an Eligible Subsidiary, such Options shall nevertheless expire as of the date
Optionee violates any covenant not to compete or other post-employment covenant that exists between Optionee on the one hand and the Company or any Subsidiary of the Company, on the other hand. 
  

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 (h) Substantial Corporate Change. Upon a Substantial Corporate Change,
Optionee’s outstanding Options shall terminate unless provision is made for the assumption or substitution of such Options as provided in Section 16(b) of the Plan. 
 6. Non-Transferability of Option; Term of Option. 
 (a) This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and
this Option Agreement shall be binding upon the executors, administrators, heirs and permitted successors and assigns of Optionee. 
 (b) This Option may be exercised only prior to the Expiration Date set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement. 
 7. Amendment of Option or Plan. The Plan and this Option Agreement constitute the entire understanding of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof. Optionee expressly warrants that he or she is not accepting this Option Agreement in reliance
on any promises, representations, or inducements other than those contained herein. The Company’s Board may amend, modify or terminate the Plan or any Option in any respect at any time; provided, however, that modifications to this Option
Agreement or the Plan that adversely affect Optionee’s rights hereunder can be made only in an express written contract signed by the Company and Optionee. Notwithstanding anything to the contrary in the Plan or this Option Agreement, the
Company reserves the right to revise this Option Agreement and Optionee’s rights under outstanding Options as it deems necessary or advisable, in its sole discretion and without the consent of Optionee, (1) upon a Substantial Corporate
Change, (2) as required by law, or (3) to comply with Section 409A of the Code (“Section 409A”) or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this award
of Options. 
 8. Tax Obligations. 
 (a) Withholding Taxes. Regardless of any action the Company or any Subsidiary employing Optionee (the “Employer”) take with respect to any or all federal, state, local or foreign income tax, social
insurance, payroll tax, payment on account or other tax related items (“Tax Related Items”), Optionee acknowledges that the ultimate liability for all Tax Related Items associated with the Option is and remains Optionee’s
responsibility and that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting
or exercise of the Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate
Optionee’s liability for Tax Related Items. Further, if Optionee has relocated to a different jurisdiction between the date of grant and the date of any taxable event, Optionee acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
  

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 Prior to the relevant taxable event, Optionee shall pay or make adequate arrangements
satisfactory to the Company and/or the Employer (in its sole discretion) to satisfy all Tax-Related Items. In this regard, Optionee authorizes the Company and/or the Employer, in its sole discretion and to the extent permitted under local law, to
satisfy the obligations with regard to all Tax Related Items legally payable by Optionee by one or a combination of the following: (i) require Optionee to pay Tax-Related Items in cash with a cashier’s check or certified check;
(ii) withholding cash from Optionee’s wages or other compensation payable to Optionee by the Company and/or the Employer; (iii) withholding from the proceeds of a broker-dealer sale and remittance procedure as described in
Section 4(b) above; or (iv) withholding in Shares otherwise issuable to Optionee, provided that the Company withholds only the amount of Shares necessary to satisfy the minimum statutory withholding amount or such other amount as may be
necessary to avoid adverse accounting treatment using the Fair Market Value of the Shares on the date of the relevant taxable event. Optionee shall pay to the Company or the Employer any amount of Tax Related Items that the Company or the Employer
may be required to withhold as a result of Optionee’s participation in the Plan or Optionee’s purchase of Shares that are not satisfied by any of the means previously described. The Company may refuse to honor the exercise and refuse to
deliver the Shares to Optionee if Optionee fails to comply with Optionee’s obligations in connection with the Tax Related Items as described in this Section. 
 (b) Code Section 409A. Payments made pursuant to this Plan and the Option Agreement are intended to qualify for an exemption
from or comply with Section 409A. Notwithstanding any provision in the Option Agreement, the Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan
and/or this Option Agreement to ensure that all Options granted to Optionees who are United States taxpayers are made in such a manner that either qualifies for exemption from or complies with Section 409A; provided, however, that the Company
makes no representations that the Plan or the Options shall be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to the Plan or any Options granted thereunder. 
 9. Rights as Shareholder. Until all requirements for exercise of the Option pursuant to the terms of this Option Agreement and the Plan have been
satisfied, Optionee shall not be deemed to be a shareholder or to have any of the rights of a shareholder with respect to any Shares. 
 10.
No Employment Contract. Nothing in the Plan or this Option Agreement constitutes an employment contract between the Company and Optionee and this Option Agreement shall not confer upon Optionee any right to continuation of employment with the
Company or any of its Subsidiaries, nor shall this Option Agreement interfere in any way with the Company’s or any of its Subsidiaries’ right to terminate Optionee’s employment or at any time, with or without cause (subject to any
employment agreement an Optionee may otherwise have with the Company or a Subsidiary thereof and/or applicable law). 
  

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 11. Board Authority. The Board and/or the Committee shall have the power to interpret this Option
Agreement and to adopt such rules for the administration, interpretation and application of the Option Agreement as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether any
Options have vested). All interpretations and determinations made by the Board and/or the Committee in good faith shall be final and binding upon Optionee, the Company and all other interested persons and such determinations of the Board and/or the
Committee do not have to be uniform nor do they have to consider whether Optionees are similarly situated. No member of the Board and/or the Committee shall be personally liable for any action, determination or interpretation made in good faith with
respect to this Option Agreement. 
 12. Headings. The captions used in this Option Agreement and the Plan are inserted for
convenience and shall not be deemed to be a part of the Option for construction and interpretation. 
 13. Electronic Delivery.

 (a) If Optionee executes this Option Agreement electronically, for the avoidance of doubt Optionee acknowledges and agrees
that his or her execution of this Option Agreement electronically (through an on-line system established and maintained by the Company or another third party designated by the Company, or otherwise) shall have the same binding legal effect as would
execution of this Option Agreement in paper form. Optionee acknowledges that upon request of the Company he or she shall also provide an executed, paper form of this Option Agreement. 
 (b) If Optionee executes this Option Agreement in paper form, for the avoidance of doubt the parties acknowledge and agree that it is
their intent that any agreement previously or subsequently entered into between the parties that is executed electronically shall have the same binding legal effect as if such agreement were executed in paper form. 
 (c) If Optionee executes this Option Agreement multiple times (for example, if Optionee first executes this Option Agreement in electronic
form and subsequently executes the Option Agreement in paper form), Optionee acknowledges and agrees that (i) no matter how many versions of this Option Agreement are executed and in whatever medium, this Option Agreement only evidences a
single Option relating to the number of Shares set forth in the Notice of Stock Option Grant and (ii) this Option Agreement shall be effective as of the earliest execution of this Option Agreement by the parties, whether in paper form or
electronically, and the subsequent execution of this Option Agreement in the same or a different medium shall in no way impair the binding legal effect of this Option Agreement as of the time of original execution. 
 (d) The Company may, in its sole discretion, decide to deliver by electronic means any documents related to the Option, to participation
in the Plan, or to future awards granted under the Plan, or otherwise required to be delivered to Optionee pursuant to the Plan or under applicable law, including but not limited to, the Plan, the Option Agreement, the Plan prospectus and any
reports of the Company generally provided to shareholders. Such means of electronic delivery may include, but do not necessarily include, the delivery of a link to the 

  

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Company’s intranet or the internet site of a third party involved in administering the Plan, the delivery of documents via electronic mail
(“e-mail”) or such other means of electronic delivery specified by the Company. By executing this Option Agreement, Optionee hereby consents to receive such documents by electronic delivery. At Optionee’s written request to the
Secretary of the Company, the Company shall provide a paper copy of any document at no cost to Optionee. 
 14. Data Privacy.
Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her Data (as defined below) by and among, as necessary and applicable, the Employer, the Company and its Subsidiaries
for the exclusive purpose of implementing, administering and managing Optionee’s participation in the Plan and in the Company’s Amended and Restated 1998 Stock Option Plan (the “1998 Plan”). 
 Optionee understands that the Company and the Employer may hold certain personal information about Optionee, including, but not
limited to, Optionee’s name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, and job title, any Common Stock or directorships held in the Company, and
details of the Option or any other option or other entitlement to Shares, canceled, exercised, vested, unvested or outstanding in Optionee’s favor, for the purpose of implementing, administering and managing the Plan and/or the 1998 Plan
(“Data”). Optionee understands that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan and/or the 1998 Plan, that these recipients may be located in Optionee’s
country or elsewhere, and that the recipients’ country may have different data privacy laws and protections than Optionee’s country. Optionee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic
or other form, for the purposes of implementing, administering and managing Optionee’s participation in the Plan and/or in the 1998 Plan, including any requisite transfer of such Data as may be required to a broker or other third party with
whom Optionee may elect to deposit any Shares acquired upon exercise of the Option or any other option or other entitlement to Shares. 
 Optionee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. Optionee understands
that Data shall be held as long as is reasonably necessary to implement, administer and manage his or her participation in the Plan and/or the 1998 Plan, and he or she may, at any time, view Data, request additional information about the storage and
processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. Optionee understands, however, that refusing
or withdrawing such consent may affect his or her ability to participate in the Plan and/or the 1998 Plan. In addition, Optionee understands that the Company and its Subsidiaries have separately implemented procedures for the handling of Data which
the Company believes permits the Company to use the Data in the manner set forth above notwithstanding Optionee’s withdrawal of such consent. For more information on the consequences of refusal to consent or withdrawal of consent, Optionee
understands that he or she may contact his or her local human resources representative. 
  

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 15. Nature of Option. In accepting the Option, Optionee acknowledges and agrees that: 

(a) Optionee has received a copy of the Plan and the prospectus relating thereto; he or she has read and is familiar with the terms and
provisions thereof and has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Option Agreement and the Plan and hereby accepts this Option subject to all of the
terms and provisions thereof; 
 (b) Optionee shall accept as binding, conclusive and final all decisions or interpretations
of the Committee upon any questions arising under the Plan or this Option Agreement; 
 (c) the award of the Option is
voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 
 (d) all decisions with respect to future option grants, if any, shall be at the sole discretion of the Company; 
 (e) Optionee’s participation in the Plan is voluntary; 
 (f) the Option is an extraordinary item that (i) does not constitute compensation of any kind for services of any kind rendered to
the Company or any Subsidiary, and (ii) is outside the scope of Optionee’s employment or service contract, if any; 
 (g) the Option is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or any Subsidiary; 
 (h) the Option and Optionee’s participation in the Plan shall not be interpreted to form an employment or service contract with the
Company or any Subsidiary of the Company; 
 (i) the future value of the Shares is unknown and cannot be predicted with
certainty; 
 (j) if the Shares do not increase in value, the Option will have no value; 
 (k) if Optionee exercises the Option and obtains Shares, the value of the Shares obtained upon exercise may increase or decrease in value,
even below the Exercise Price; 
 (l) in consideration of the award of the Option, no claim or entitlement to compensation or
damages shall arise from termination of the Option or diminution in value of the Option, or Shares purchased through the exercise of the Option, resulting from termination of Optionee’s employment by the Company or any Subsidiary (for any
reason whatsoever and whether or not in breach of local labor laws) and in consideration of the grant of the Option, Optionee irrevocably releases the Company and any Subsidiary from any such claim that may arise; if, notwithstanding the foregoing,
any such claim is found by a court of competent jurisdiction to have arisen, then, by signing/electronically accepting the Option Agreement, Optionee shall be deemed irrevocably to have waived his or her right to pursue or seek remedy for any such
claim or entitlement; 
  

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 (m) in the event of termination of Optionee’s employment (whether or not in breach
of local labor laws), Optionee’s right to receive Options under the Plan and to vest in such Options, if any, shall terminate effective as of the date that Optionee is no longer actively employed and shall not be extended by any notice period
mandated under local law (e.g., active employment shall not include a period of “garden leave” or similar period pursuant to local law); furthermore, in the event of Optionee’s termination of employment (whether or not in
breach of local labor laws), Optionee’s right to exercise the Option after termination of employment, if any, shall be measured by the date of termination of active employment and shall not be extended by any notice period mandated under local
law; the Committee shall have the exclusive discretion to determine when Optionee is no longer actively employed for purposes of this Option; 
 (n) the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Optionee’s participation in the Plan or Optionee’s acquisition or sale of the
underlying Shares; 
 (o) Optionee is hereby advised to consult with Optionee’s own personal tax, legal and financial
advisors regarding Optionee’s participation in the Plan before taking any action related to the Plan; and 
 (p) Optionee
will notify the Company of any change in address as indicated below. 
 16. Language. If Optionee has received this Option Agreement,
the Plan or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control, unless otherwise prescribed by
local law. 
 17. Waiver of Right to Jury Trial. Each party, to the fullest extent permitted by law, waives any right or expectation
against the other to trial or adjudication by a jury of any claim, cause or action arising with respect to the Option or hereunder, or the rights, duties or liabilities created hereby. 
 18. Agreement Severable. In the event that any provision of this Option Agreement shall be held invalid or unenforceable, such provision shall be
severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Option Agreement. 
 19. Governing Law and Venue. The laws of the State of Delaware (other than its choice of law provisions) shall govern this Option Agreement and its interpretation. For purposes of litigating any dispute that
arises with respect to this Option, this Option Agreement or the Plan, the parties hereby submit to and consent to the jurisdiction of the State of Delaware, agree that such litigation shall be conducted in the courts of New Castle County, or the
federal courts for the United States for the District of Delaware, where this grant is made and/or to be performed. 
  

 10 

 20. Addendum. The Option shall be subject to the special terms and provisions (if any) set forth
in the Addendum to this Option Agreement for Optionee’s country of residence. Moreover, if Optionee relocates to one of the countries included in the Addendum, the special terms and conditions for such country will apply to Optionee, to the
extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan and provided the imposition of the term or condition will not
result in any adverse accounting expense with respect to the Option. The Addendum constitutes part of this Option Agreement. 
 In addition,
the Company reserves the right to impose other requirements on the Option and any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of
the Plan and provided it does not result in adverse accounting expense to the Company, and to require Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 [If the Option Agreement is signed in paper form, complete and execute the following:] 
  

					
	OPTIONEE	 		 	DANAHER CORPORATION
			
	  	 		 	  
	Signature	 		 	Signature
			
	  	 		 	  
	Print Name	 		 	Print Name
			
	  	 		 	  
		 		 	Title
			
	  	 		 	 
	Residence Address	 		 	

  

 11 

 ADDENDUM 
 This Addendum includes additional terms and conditions that govern the Option granted to Optionee if Optionee resides in one of the countries listed herein. Capitalized terms used but not defined herein shall have the
same meanings ascribed to them in the Notice of Stock Option Grant, the Option Agreement or the Plan. 
 This Addendum may also include information regarding
exchange controls and certain other issues of which Optionee should be aware with respect to Optionee’s participation in the Plan. The information is based on the securities, exchange control and other laws concerning Options in effect as of
June 2008. Such laws are often complex and change frequently. As a result, the Company strongly recommends that Optionee not rely on the information noted herein as the only source of information relating to the consequences of Optionee’s
participation in the Plan as the information may be out of date at the time Optionee exercises the Option or sells Shares acquired under the Plan. 
 In addition, this Addendum is general in nature and may not apply to Optionee’s particular situation, and the Company is not in a position to assure Optionee of any particular result. Accordingly, Optionee is strongly advised
to seek appropriate professional advice as to how the relevant laws in Optionee’s country apply to Optionee’s specific situation. 
 If
Optionee resides in a country but is considered a citizen or resident of another country for purposes of the country in which Optionee resides, the information contained in this Addendum may not be applicable to Optionee. 
 OPTIONEES IN CHINA, ITALY, SWITZERLAND, AND VIETNAM 
 Method
of Exercise 
 Optionee acknowledges that due to regulatory requirements, and notwithstanding any terms or conditions of the Plan or the Option Agreement
to the contrary, Optionees residing in mainland China, Italy, Switzerland and Vietnam will be restricted to the cashless sell-all method of exercise with respect to their Options. To complete a cashless sell-all exercise, Optionee understands that
Optionee needs to instruct the broker to: (i) sell all of the purchased Shares issued upon exercise; (ii) use the proceeds to pay the Exercise Price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in
cash to Optionee. In the event of changes in regulatory requirements, the Company reserves the right to eliminate the cashless sell-all method of exercise requirement and, in its sole discretion, to permit cash exercise, cashless sell-to-cover
exercise or any other method of exercise and payment deemed appropriate by the Company. 
  

 12 

 OPTIONEES IN ARGENTINA 
 Securities Law Notice 
 Optionee understands that neither the grant of the Option nor the purchase of Shares constitute a public offering as
defined by the Law 17,811, or any other Argentine law. The offering of the Option is a private placement. As such, the offering is not subject to the supervision of any Argentine governmental authority. 
 OPTIONEES IN AUSTRALIA 
 Securities Law Notice

 If Optionee acquires Shares pursuant to the Option and offers his or her Shares for sale to a person or entity resident in Australia, Optionee’s
offer may be subject to disclosure requirements under Australian law. Optionee should obtain legal advice on his or her disclosure obligations prior to making any such offer. 
 OPTIONEES IN CANADA 
 Consent to Receive Information in English for Optionees in Quebec 
 The parties acknowledge that it is their express wish that this Option Agreement, as well as all documents, notices and legal proceedings entered into, given or
instituted pursuant hereto or relating directly or indirectly hereto, be written in English. 
 Les parties reconnaissent avoir exigé la
rédaction en anglais de cette convention, ainsi que de tous documents exécutés, avis donnés et procédures judiciaries intentées, directement ou indirectement, relativement à ou suite à la
présente convention. 
 OPTIONEES IN CHINA 
 Exchange Control Notice 
 Optionee understands and agrees that, pursuant to local exchange control requirements, Optionee will be required to
repatriate the cash proceeds from the immediate sale of the Shares issued upon exercise to China. Optionee understands that, under local law, such repatriation of his or her cash proceeds may need to be effected through a special foreign exchange
control account established by the Company or one of its subsidiaries or by Optionee’s Employer and Optionee hereby consents and agrees that any proceeds from the sale of any Shares he or she acquires may be transferred to such special account
prior to being delivered to Optionee. 
 OPTIONEES IN HONG KONG 
 Securities Law Notice 
 The grant of the Option and the Shares issued upon exercise of the Option do not constitute a
public offer of securities and are available only to eligible Employees. 
  

 13 

 Please be aware that the contents of the Option Agreement, including this Addendum, and the Plan have not been reviewed
by any regulatory authority in Hong Kong. Optionee is advised to exercise caution in relation to the Option. If Optionee is in any doubt about any of the contents of this Option Agreement, including this Addendum, or the Plan, Optionee should obtain
independent professional advice. 
 OPTIONEES IN INDIA 
 Exchange Control Notice 
 To the extent required by law, Optionee must repatriate to India foreign currency that is due or has accrued
(either by way of dividend or sales proceeds) and convert such amounts to local currency within a reasonable period of time (but not later than 90 days after receipt). If required by law, Optionee also must obtain evidence of the repatriation of
funds in the form of a foreign inward remittance certificate (“FIRC”) from the bank where Optionee deposited the foreign currency and Optionee must deliver a copy of the FIRC to the Employer. 
 Because exchange control regulations can change frequently and without notice, Optionee should consult his or her personal legal advisor before selling Shares to ensure
compliance with current regulations. It is Optionee’s responsibility to comply with exchange control laws in India, and neither the Company nor the Employer will be liable for any fines or penalties resulting from Optionee’s failure to
comply with applicable local laws. 
 OPTIONEES IN ITALY 
 Plan Document Acknowledgement 
 In accepting the Option, Optionee acknowledges that he or she has received a copy of the Plan and the Option
Agreement and has reviewed the Plan and the Option Agreement, including this Addendum, in their entirety and fully understands and accepts all provisions of the Plan and the Option Agreement, including this Addendum. 
 Optionee further acknowledges that he or she has read and specifically and expressly approves the following paragraphs of the Option Agreement: Tax Obligations; No
Employment Contract; Nature of Grant; Language; Governing Law and Venue; and the Data Privacy paragraph included in this Addendum. 
 OPTIONEES IN
KOREA 
 Exchange Control Notice 
 Exchange control
laws require Korean residents who realize US$500,000 or more from the sale of Shares to repatriate the sale proceeds back to Korea within eighteen months of the sale. 
 If Optionee remits funds to purchase Shares, the remittance must be “confirmed” by a foreign exchange bank in Korea. To receive the confirmation, Optionee should submit the following to the foreign exchange
bank: (i) a prescribed form application; (ii) the Option Agreement, Notice of Stock Option Gant and any other Plan documents received; and (iii) certificate of employment with the local employer. Optionee should check with the bank to
determine whether there are any additional requirements. 
  

 14 

 OPTIONEES IN MEXICO 
 Labor Law Acknowledgement 
 These provisions supplement the labor law acknowledgement contained in the Agreement: 
 By accepting the Options, Optionee acknowledges that he or she understands and agrees that: (i) the Option is not related to the salary and other contractual
benefits granted to Optionee by the Employer; and (ii) any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of employment. 
 Policy Statement 
 The invitation the Company is making under the Plan
is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability. 
 The Company, with registered offices at 2099 Pennsylvania Avenue, NW, 12th Floor, Washington, D.C., United States of America, is solely responsible for the administration of the Plan and participation in the Plan and, in Optionee’
case, the acquisition of Shares does not, in any way establish an employment relationship between Optionee and the Company since Optionee is participating in the Plan on a wholly commercial basis and the sole employer is the Subsidiary employing
Optionee, as applicable, nor does it establish any rights between Optionee and the Employer. 
 Plan Document Acknowledgment 
 By accepting the Option grant, Optionee acknowledges that he or she has received copies of the Plan, has reviewed the Plan and the Option Agreement in their entirety and
fully understands and accepts all provisions of the Plan and the Option Agreement. 
 In addition, by signing the Option Agreement, Optionee further
acknowledges that he or she has read and specifically and expressly approves the terms and conditions in the Nature of Grant, Section 15 of the Option Agreement, in which the following is clearly described and established:
(i) participation in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in the Plan is voluntary; and
(iv) the Company and its Subsidiaries are not responsible for any decrease in the value of the Shares underlying the Option. 
 Finally, Optionee hereby
declares that he or she does not reserve any action or right to bring any claim against the Company for any compensation or damages as a result of participation in the Plan and therefore grants a full and broad release to the Employer and the
Company and its Subsidiaries with respect to any claim that may arise under the Plan. 
  

 15 

 Spanish Translation 
 Reconocimiento de la Ley Laboral 
 Estas disposiciones complementan el reconocimiento de la ley laboral contenida en el Acuerdo:

 Por medio de la aceptación de la Opción, quien tiene la opción manifiesta que entiende y acuerda que: (i) la
Opción no se encuentra relacionada con el salario ni con otras prestaciones contractuales concedidas al que tiene la opción por parte del patrón; y (ii) cualquier modificación del Plan o su terminación no
constituye un cambio o desmejora en los términos y condiciones de empleo. 
 Declaración de Política 
 La invitación por parte de la Compañía bajo el Plan es unilateral y discrecional y, por lo tanto, la Compañía se reserva el derecho
absoluto de modificar y discontinuar el mismo en cualquier momento, sin ninguna responsabilidad. 
 La Compañía, con oficinas
registradas ubicadas en 2099 Pennsylvania Avenue, NW, 12th Floor, Washington, D.C., United States of America, es la única responsable de la administración del Plan y de la participación en el mismo y, en el caso del que tiene la
opción, la adquisición de Acciones no establece de forma alguna, una relación de trabajo entre el que tiene la opción y la Compañía, ya que la participación en el Plan por parte del que tiene la
opción es completamente comercial y el único patrón es la Subsidiaria que esta contratando al que tiene la opción, en caso de ser aplicable, así como tampoco establece ningún derecho entre el que tiene la
opción y el patrón. 
 Reconocimiento del Plan de Documentos 
 Por medio de la aceptación de la Opción, el que tiene la opción reconoce que ha recibido copias del Plan, que el mismo ha sido revisado al igual que la totalidad del Acuerdo y, que ha entendido
y aceptado las disposiciones contenidas en el Plan y en el Acuerdo. 
 Adicionalmente, al firmar el Acuerdo, el que tiene la opción reconoce
que ha leído, y que aprueba específica y expresamente los términos y condiciones contenidos en la Naturaleza del Otorgamiento, Apartado 15 del Acuerdo, sección en la cual se encuentra claramente descrito y establecido lo
siguiente: (i) la participación en el Plan no constituye un derecho adquirido; (ii) el Plan y la participación en el mismo es ofrecida por la Compañía de forma enteramente discrecional; (iii) la
participación en el Plan es voluntaria; y (iv) la Compañía, así como sus Subsidiarias no son responsables por cualquier detrimento en el valor de las Acciones en relación con la Opción. 

Finalmente, por medio de la presente quien tiene la opción declara que no se reserva ninguna acción o derecho para interponer una demanda en contra
de la Compañía por compensación, daño o perjuicio alguno como resultado de la participación en el Plan y en consecuencia, otorga el más amplio finiquito a su patrón, así como a la
Compañía, a sus Subsidiarias con respecto a cualquier demanda que pudiera originarse en virtud del Plan. 
  

 16 

 OPTIONEES IN RUSSIA 
 Securities Law Notice 
 Optionee acknowledges that the Option Agreement, the grant of the Option, the Plan and all other materials Optionee
may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The issuance of securities pursuant to the Plan has not and will not be registered in Russia and therefore, the securities
described in any Plan-related documents may not be used for offering or public circulation in Russia. 
 Optionee acknowledges that he or she may hold Shares
issued upon exercise of the Option in Optionee’s account with the Company’s third party administrator in the U.S. However, in no event will Shares issued to Optionee under the Plan be delivered to Optionee in Russia. 
  

 17 

 OPTIONEES IN SINGAPORE 
 Securities Law Notice 
 The grant of the Option is being made on a private basis and is, therefore, exempt from registration in Singapore.

 Director Notification 
 If Optionee is a director of a
Singapore Subsidiary of the Company, Optionee must notify the Singapore Subsidiary in writing within two days of Optionee receiving or disposing of an interest (e.g., Options, Shares) in the Company or any Subsidiary or within two days of
becoming a director if such an interest exists at the time. This notification alert also applies to an associate director of the Singapore Subsidiary and to a shadow director of the Singapore Subsidiary (i.e., an individual who is not on the
board of directors of the Singapore Subsidiary but who has sufficient control so that the board of directors of the Singapore Subsidiary acts in accordance with the “directions and instructions” of the individual). 
 OPTIONEES IN SPAIN 
 Nature of Plan 
 This provision supplements Section 15 of the Option Agreement. In accepting the grant, Optionee acknowledges that he or she consents to participation in the Plan and
has received a copy of the Plan. 
 Optionee understands that the Company, in its sole discretion, has unilaterally and gratuitously decided to grant Options
under the Plan to individuals who may be Employees of the Company or a Subsidiary throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or
otherwise bind the Company or Subsidiary on an ongoing basis. Consequently, Optionee understands that the Option is granted on the assumption and condition that the Option and the Shares issued upon exercise of the Option shall not become a part of
any employment contract (either with the Company or a Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, Optionee understands that the
grant of the Option would not be made to Optionee but for the assumptions and conditions referred to above; thus, Optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be
met for any reason, then any Option grant shall be null and void. 
 Exchange Control Notice 
 When receiving foreign currency payments derived from the ownership of Shares (i.e., as a result of the sale of the Shares), Optionee must inform the financial
institution receiving the payment, the basis upon which such payment is made. Optionee will need to provide the institution with the following information: (i) his or her name, address, and fiscal identification number; (ii) the name and
corporate domicile of Company; (iii) the amount of the payment; (iv) the currency used; (v) the country of origin; (vi) the reasons for the payment; and (vii) additional information that may be required. 
  

 18 

 If Optionee wishes to import the ownership title of the Shares (i.e., share certificates) into Spain, he or she
must declare the importation of such securities to the Dirección General de Política Comercial e Inversiones Exteriores. 
 To participate in
the Plan, Optionee must comply with exchange control regulations in Spain that require that the purchase of Shares be declared for statistical purposes. If a Spanish financial institution executes the transaction, the institution will automatically
make the declaration on Optionee’s behalf; otherwise, it is Optionee’s responsibility to make the declaration. In addition, Optionee must file a declaration of ownership of foreign securities each January. 
 OPTIONEES IN TAIWAN 
 Exchange Control Notice

 Optionees may acquire foreign currency, and remit the same out of Taiwan, up to US$5 million per year without justification. When remitting funds for
the purchase of Shares pursuant to the Plan, such remittances should be made through an authorized foreign exchange bank. In addition, if Optionee remits TWD$500,000 or more in a single transaction, he or she must submit a Foreign Exchange
Transaction Form to the remitting bank. If the transaction amount is US$500,000 or more in a single transaction, Optionee also must provide supporting documentation to the satisfaction of the remitting bank. 
 OPTIONEES IN THE UNITED KINGDOM 
 The following replaces
Section 8(a) of the Option Agreement in its entirety: 
 (a) Withholding Taxes. Regardless of any action the Company or any Subsidiary employing
Optionee (the “Employer”) take with respect to any or all income tax, primary and secondary Class 1 National Insurance contributions, payroll tax or other tax-related withholding attributable to or payable in connection with or pursuant to
the grant, vesting, exercise, release or assignment of any Option (the “Tax-Related Items”), Optionee acknowledges that the ultimate liability for all Tax Related Items associated with the Option is and remains Optionee’s
responsibility and that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting
or exercise of the Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate
Optionee’s liability for Tax Related Items. Further, if Optionee has relocated to a different jurisdiction between the date of grant and the date of any taxable event, Optionee acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
  

 19 

 As a condition of the issuance of Shares upon exercise of the Option, the Company and/or the Employer
shall be entitled to withhold and Optionee agrees to pay, or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy, all obligations of the Company and/or the Employer to account to HM Revenue & Customs
(“HMRC”) for any Tax-Related Items. In this regard, Optionee authorizes the Company and/or the Employer, in its sole discretion and to the extent permitted under local law, to satisfy the obligations with regard to all Tax Related Items
legally payable by Optionee by one or a combination of the following: (i) require Optionee to pay Tax-Related Items in cash with a cashier’s check or certified check; (ii) withholding cash from Optionee’s wages or other
compensation payable to Optionee by the Company and/or the Employer; (iii) withholding from the proceeds of a broker-dealer sale and remittance procedure as described in Section 4(b) above; or (iv) withholding in Shares otherwise
issuable to Optionee, provided that the Company withholds only the amount of Shares necessary to satisfy the minimum statutory withholding amount or such other amount as may be necessary to avoid adverse accounting treatment using the Fair Market
Value of the Shares on the date of the relevant taxable event. 
 Optionee shall pay to the Company or the Employer any amount of Tax-Related
Items that the Company or the Employer may be required to account to HMRC with respect to the event giving rise to the Tax-Related Items (the “Chargeable Event”) that cannot be satisfied by the means previously described. If payment or
withholding is not made within 90 days of the Chargeable Event (the “Due Date”), Optionee agrees that the amount of any uncollected Tax-Related Items shall (assuming Optionee is not a director or executive officer of the Company (within
the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended)), constitute a loan owed by Optionee to the Employer, effective on the Due Date. Optionee agrees that the loan will bear interest at the then-current HMRC
Official Rate and it will be immediately due and repayable, and the Company and/or the Employer may recover it at any time thereafter by any of the means referred to above. If any of the foregoing methods of collection are not allowed under
applicable laws or if Optionee fails to comply with Optionee’s obligations in connection with the Tax-Related Items as described in this Section, the Company may refuse to deliver the Shares acquired under the Plan. 
  

 20

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