Danaher 2008 Annual Report Download - page 287

(d) Vacation; Holidays. The Executive shall be entitled to all public holidays observed by the Company and vacation days in accordance with the
applicable vacation policies in effect for senior executives of the Company, which shall be taken at a reasonable time or times.
(e) Withholding Taxes and Other Deductions. To the extent required by law, the Company shall withhold from any payments due Executive under
this Agreement any applicable federal, state or local taxes and such other deductions as are prescribed by law or Company policy.
(f) Club Memberships. During the term of the Executive’s employment hereunder, the Company shall reimburse the Executive for the cost of
maintaining annual membership during the term in his existing club and the cost of joining and maintaining annual membership during the term in a
club of his choosing located within the District of Columbia, or the suburban Maryland or Virginia area adjacent to the District of Columbia.
(g) Tax and Financial Planning. During the term of the Executive’s employment hereunder, the Company shall reimburse the Executive for the
reasonable expenses incurred by the Executive in connection with obtaining professional tax and financial planning advice.
(h) Annual Physical Examination. During the term of the Executive’s employment hereunder, the Company shall reimburse the Executive for the
reasonable expenses incurred by the Executive in undergoing an annual physical examination by a licensed physician.
(i) Compensation During Disability. During any period that the Executive fails to perform the Executive’s duties hereunder as a result of
incapacity due to physical or mental illness (the “Disability Period”), the Executive shall be treated as fully employed and shall continue to receive, or
receive the benefit of (as the case may be) all items described in Section 5 hereof at the rate then in effect for such period until his employment is
terminated pursuant to Section 9(b)(i) hereof; provided, that payments made to the Executive during the first 180 days of the Disability Period shall be
reduced by the sum of the amounts, if any, payable to the Executive at or prior to the time of any payment under disability benefit plans of the
Company and which amounts were not previously applied to reduce any payment.
6. Expenses. During the term of the Executive’s employment hereunder, the Executive shall be entitled to receive prompt reimbursement for all reasonable
and customary expenses incurred by the Executive in performing services hereunder, including all expenses of travel and living expenses while away from
home on business or at the request of and in the service of the Company, provided that all such expenses are accounted for in accordance with the policies and
procedures established by the Company. The Company shall also provide the Executive during the term of his employment hereunder with an automobile
allowance of $2,000 per month.
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Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
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