Danaher 2012 Annual Report Download - page 124

 You will be included in a select group of executives who participate in the Executive Deferred Incentive Program (EDIP),
an exclusive, non-qualified executive benefit designed to supplement retirement benefits that otherwise are limited by IRS
regulations; and provide the opportunity for you to defer taxation on a portion of your current income (base salary or
bonus or both). Initially, the Company will direct 6% of your total annual target cash compensation (as calculated in
accordance with the EDIP) into your EDIP account annually. Vesting requirements and your participation in the EDIP are
subject to all of the terms and conditions set forth in such plan. Additional information on the EDIP is enclosed, and you
will be scheduled for a formal EDIP orientation with a member of the Corporate Benefits team.
 You will be eligible to participate in any employee benefit plan that the Company has adopted or may adopt, maintain, or
contribute to for the benefit of its regular exempt employees generally, subject to satisfying any applicable eligibility
requirements. You will be eligible to participate in our comprehensive medical, dental and life insurance benefits
immediately upon your first day of employment with the Company. Information on our various benefit programs, including
the Danaher Retirement and Savings Plan, is enclosed. Danaher will also reimburse you for the costs of an annual physical
examination for executives.
 You will be eligible for annual vacation benefits pursuant to the Company’s vacation policy.

 The Company is pleased to provide relocation benefits through Prudential Relocation, our third party relocation services
company. The relocation benefits available to you are set forth in the enclosed document, “Summary of Relocation
Benefits for Angela S. Lalor.”


:The Company will reimburse you for financial planning and tax preparation services in an amount not to exceed $5,000 per
year provided you provide appropriate and satisfactory documentation for such reimbursement and such expenses
otherwise satisfy the Company’s practices and policies.
 You will be eligible for severance pay and benefits under the Senior Leaders Severance Pay Plan of Danaher Corporation
and its Affiliated Companies (the “Severance Plan”). For purposes of Section III.B of the Severance Plan, the total amount
of severance pay for which you are eligible will be equal to your annual base salary at the time of your employment
termination multiplied by (1 + your baseline annual bonus percentage under the annual cash incentive compensation plan as
of the time of termination). Except for the foregoing provision, all other aspects of your severance pay and benefits shall
be governed solely by the terms and conditions of the Severance Plan.
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 Nothing in this offer letter shall be construed as any agreement, express or implied, to employ you for any stated term.
Your employment with the Company will be on an at-will basis, which means that either you or the Company can terminate
the employment relationship at any time and for any reason (or no reason), with or without notice.
Source: DANAHER CORP /DE/, 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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