Danaher 2008 Annual Report Download - page 260

Exhibit 10.14
DANAHER CORPORATION
2007 EXECUTIVE INCENTIVE COMPENSATION PLAN
Amended and Restated Effective as of January 1, 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.
Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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