Danaher 2012 Annual Report Download - page 122
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March 19, 2012
Ms. Angela S. Lalor
Dear Angela:
Thank you for the time you have spent with us discussing our organization and the exciting opportunities for growth ahead of us. We are delighted to
extend you an offer of employment with Danaher Corporation (the “Company”) and are confident that your background and experience will allow
you to make major contributions to the Company. Your leadership will be critical in fully leveraging our talent and the Danaher Business System to
achieve our aggressive growth targets.
We look forward to welcoming you to our dynamic team. As we discussed, your position would be the Executive Officer position of Senior Vice
President – Human Resources, based in Washington, DC, directly reporting to me.
Please allow this letter to serve as documentation of the offer extended to you.
Your start date will be mutually agreed, but no later than April30, 2012.
Your base salary will be paid at the annual rate of $500,000, subject to periodic review, and payable in accordance with the
Company’s usual payroll practices.
You are eligible for an annual cash incentive compensation award. The baseline annual bonus percentage, beginning in
2014, will be 60% of base salary, subject to periodic review.
More information regarding the Company’s annual cash incentive compensation program for Executive Officers is
available beginning at page 25 of Danaher’s 2011 Annual Proxy Statement.
Provided your employment with the Company commences on or before April 30, 2012, your annual cash incentive
compensation award will be no less than $500,000 for each of the calendar years 2012 and 2013. (More precisely, for each
of 2012 and 2013 you will be paid a guaranteed bonus of $500,000 in a lump sum (subject to applicable tax withholding)
outside of the annual cash incentive plan within 60 days of the end of the applicable year (provided that you remain actively
employed at the Company through the date of payment) and the Company will grant a separate, contingent award to you
under the annual cash incentive compensation plan for each of 2012 and 2013.) In all other respects, such annual cash
incentive compensation awards will be subject to the Company’s annual cash incentive compensation program for
Executive Officers, including applicable performance conditions.
Source: DANAHER CORP /DE/, 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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