Danaher 2008 Annual Report Download - page 264

way that a third party with knowledge of the relevant facts could determine whether and to what extent the Goals have
been met, and such a third party could determine the maximum amount of the resulting Award payable (subject to the
Committee’s right to make Negative Discretion Adjustments).
The Applicable Period with respect to any Performance Period for an Award means a period beginning on or before the
first day of the Performance Period and ending no later than the earlier of (i) the 90th day of the Performance Period or
(ii) the date on which 25% of the Performance Period has been completed.
Any action required under the Plan to be taken within the Applicable Period may be taken at a later date only if the
provisions of Section 162(m) or the regulations thereunder are modified, or are interpreted by the Internal Revenue
Service, to permit such later date. In such event, the definition of the Applicable Period under this Plan will be deemed to
be amended accordingly.
PAYMENT
OF AWARDS
Subject to the limitations set forth in this section, Awards determined under the Plan for a Performance Period will be
paid to Participants in cash no earlier than the January 1st and no later than the March 15th of the calendar year
following the end of the Performance Period to which the Awards apply, unless deferred pursuant to the Plan.
CERTIFICATION No Award will be paid unless and until the Committee, based on the Company’s audited financial results for such
Performance Period (as prepared and reviewed by the Company’s independent public accountants) to the extent
applicable, has certified in the manner prescribed under applicable regulations the extent to which the Performance Goals
for the Performance Period have been attained and has made and exercised its decisions regarding the extent of any
Negative Discretion Adjustment of Awards for Participants for the Performance Period.
DEFERRAL All or any portion of the Award for any given Performance Period may be deferred under the Danaher Corporation &
Subsidiaries Amended and Restated Executive Deferred Incentive Program.
CONTINUED
EMPLOYMENT
The Committee may require that Participants for a Performance Period must still be employed as of end of the
Performance Period and/or as of the later date that the Awards for the Performance Period are communicated to be eligible
for an Award for the Performance Period. Any such requirement must be established and announced within the
Applicable Period, and may be subject to such exceptions as the Committee may specify within the Applicable Period.
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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