Danaher 2008 Annual Report Download - page 201

METHOD OF EXERCISE To exercise any exercisable portion of an Award, the participant must:
Deliver a written notice of exercise to the Secretary of the Company (or to whomever the Administrator designates),
in a form complying with any rules the Administrator may issue, signed by the participant, and specifying the
number of shares of Common Stock underlying the portion of the Award the participant is exercising;
Pay the full Exercise Price (if any) by cashier’s or certified check for the shares of Common Stock with respect to
which the Award is being exercised, unless the Administrator consents to another form of payment (which could
include the use of Common Stock); and
Deliver to the Secretary of the Company (or to whomever the Administrator designates) such representations and
documents as the Administrator, in its sole discretion, may consider necessary or advisable.
Payment in full of the Exercise Price need not accompany the written notice of exercise provided the notice directs that the
stock certificates for the shares issued upon the exercise be delivered to a licensed broker acceptable to the Company as
the agent for the individual exercising the option and at the time the stock certificates are delivered to the broker, the
broker will tender to the Company cash or cash equivalents acceptable to the Company and equal to the Exercise Price.
If the Administrator agrees to payment through the tender to the Company of shares of Common Stock, the individual
must have held the stock being tendered for at least six months at the time of surrender. Shares of stock offered as
payment will be valued, for purposes of determining the extent to which the optionee has paid the Exercise Price, at their
Fair Market Value on the date of exercise. The Administrator may also, in its discretion, accept attestation of ownership
of Common Stock and issue a net number of shares upon Option exercise.
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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