Danaher 2008 Annual Report Download - page 202

AWARD EXPIRATION No one may exercise an Option or exercisable Award more than ten years after its Date of Grant. Unless the Award
Certificate 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 30th day after the date of termination of employment (other than for death, Disability, or Retirement), where
termination of employment means the time when the employer-employee or other service-providing relationship
between the employee and the Company ends for any reason, including retirement. Unless the Award Certificate
provides otherwise, termination of employment does not include instances in which the Company immediately
rehires a common law employee as an independent contractor. The Administrator, in its sole discretion, will
determine all questions of whether particular terminations or leaves of absence are terminations of employment;
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
(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;
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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