Danaher 2008 Annual Report Download - page 262

PERFORMANCE
PERIOD
A Performance Period is a period for which Performance Goals are set and during which performance is to be
measured to determine whether a Participant is entitled to payment of an Award under the Plan. A Performance Period
may coincide with one or more complete or partial calendar or fiscal years of the Company. Unless otherwise designated
by the Committee, the Performance Period will be based on the calendar year.
PERFORMANCE
GOALS
The Committee will have the authority to establish and administer Performance Goals with respect to such Awards as it
considers appropriate, which Performance Goals must be satisfied, as the Committee specifies, before a Participant
receives an Award.
Performance Goals will be based exclusively on one or more of the following performance-based measures determined
based on the Company and its subsidiaries on a group-wide basis or on the basis of subsidiary, business platform, or
operating unit results (subject to the Committee’s exercise of negative discretion):
earnings per share (on a fully diluted or other basis),
pretax or after tax net income,
operating income,
gross revenue,
profit margin,
stock price targets or stock price maintenance,
working capital,
free cash flow,
cash flow,
return on equity,
return on capital or return on invested capital,
earnings before interest, taxes, depreciation, and amortization (EBITDA),
strategic business criteria, consisting of one or more objectives based on meeting specified revenue, market
penetration, geographic business expansion goals, cost targets, or objective goals relating to acquisitions or
divestitures,
or any combination of these measures.
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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