Danaher 2008 Annual Report Download - page 266

The Plan is intended to conform with all provisions of Section 162(m) and Treas. Reg. § 1.162-27 to the extent
necessary to allow the Company a Federal income tax deduction for Awards as “qualified performance-based
compensation.”
Notwithstanding anything in the Plan to the contrary, the Committee must administer the Plan, and Awards may be
granted and paid, only in a manner that conforms to such laws, rules, and regulations. To the extent permitted by
applicable law, the Plan will be treated as amended to the extent necessary to conform to such laws, rules, and
regulations.
TAX WITHHOLDING The Company may make all appropriate provisions for the withholding of Federal, state, and local taxes imposed with
respect to Awards, which provisions may vary with the time and manner of payment.
NONTRANSFER
OF RIGHTS
Except as and to the extent the law requires, or as the Plan expressly provides, a Participant’s rights under the Plan may
not be assigned, pledged, or otherwise transferred in any way, whether by operation of law or otherwise or through any
legal or equitable proceedings (including bankruptcy), by the Participant to any person.
BENEFICIARY
DESIGNATIONS
Each Participant may designate in a written form filed with the Committee (or another designated recipient) the person or
persons (the “Beneficiary” or “Beneficiaries”) to receive the amounts (if any) payable under the Plan if the Participant
dies before the Award payment date for a Performance Period. A Beneficiary designation filed under this section will not
be considered a prohibited transfer of rights.
A Participant may change a Beneficiary designation at any time without the Beneficiary’s consent (unless otherwise
required by law) by filing a new written Beneficiary designation with the Committee. A Beneficiary designation will be
effective only if the Company is in receipt of the designation before the Participant’s death.
If no effective Beneficiary designation is made, the beneficiary of any amounts due will be the Participant’s estate.
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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