Danaher 2007 Annual Report Download - page 116

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Exhibit 10.25
Danaher Corporation
Description of Non-Management Director Compensation Arrangements
Following is a description of the compensation arrangements for each of the Company’s non-management directors. Our non-management directors
receive:
• an annual cash retainer of $40,000, paid in four, equal installments following each quarter of service;
• $2,500 for each board meeting they attend (whether by telephone or in person);
• $1,000 for each committee meeting they attend (whether by telephone or in person);
• an annual grant of options to purchase 4,000 shares of Danaher common stock with a ten-year term, which grant is fully vested as of the date of grant;
and
• reimbursement for Danaher-related out-of-pocket expenses, including travel expenses.
In addition, the chair of each of the Audit Committee, Compensation Committee and Nominating and Governance Committee receives an annual retainer of
$15,000, paid in quarterly installments.
Each non-employee director can elect to defer all or a part of the cash director fees that he or she receives with respect to a particular year under the director
deferred compensation plan sponsored by Danaher. Amounts deferred under the plan are converted into a particular number of notional shares of Danaher
stock, calculated based on the closing price on the quarterly date that such fees would otherwise have been paid. A director may elect to have his or her plan
balance distributed upon separation from Board service, or one, two, three, four or five years after separation from Board service. All distributions from the
plan are in the form of shares of Danaher common stock.
Source: DANAHER CORP /DE/, 10-K, February 21, 2008 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.