Danaher 2012 Annual Report Download - page 142

Download and view the complete annual report

Please find page 142 of the 2012 Danaher annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 158

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158

"Amounts credited to this account on a Participant's behalf on and after January 1, 2013 with respect to Plan Years beginning on
or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan,
shall be recorded by Class Year pursuant to Section 9.4."
4.
Amend Section 1.19 of the Plan by adding the following sentence at the end of each such Section:
“Notwithstanding any provision of the Plan to the contrary and pursuant to Section 9.4, notional amounts described in this
Section shall be recorded by Class Year under each of a Participant’s Deferral Account, Benefit Account, Rollover Account, and
Distribution Account with respect to amounts credited to such Accounts for Plan Years beginning on or after January 1, 2013."
5.
Amend Section 1.20 of the Plan by adding the following sentence at the end of each such Section:
“Notwithstanding any provision of the Plan to the contrary and pursuant to Section 9.4, the rate at which nominal earnings shall
be credited to, or nominal losses shall be deducted from, all or a designated portion of the Participant's Deferral Account, Benefit
Account, Rollover Account and Distribution Account shall be administered on the basis of Class Year with respect to amounts credited to
such Accounts for Plan Years beginning on or after January 1, 2013."
6.
Amend Section 1.59 of the Plan by adding the following sentence at the end of such Section:
"A Participant's Section 409A Amounts attributable to Plan Years commencing on or after January 1, 2013 shall be determined
on the basis of Class Year, and with respect to each Class Year, the aggregate of his or her Salary Deferral Amount (if any), Bonus
Deferral Amount (if any), and Benefit Amount (if any) for each Class Year, and any earnings credited thereto and any losses deducted
therefrom in accordance with the terms of the Plan, shall be deemed a separate Section 409A Amount for purposes of this Plan."
7.
Amend Section 3.3(a)(i) of the Plan by adding the following sentence at the end of such Section:
"Effective for Plan Years beginning on or after January 1, 2013, any election by a Participant to defer of a whole percentage of
his or her Bonus for a Plan Year shall not exceed eighty-five percent (85%) of such Bonus for the Plan Year."
2
Source: DANAHER CORP /DE/, 10-K, February 22, 2013 Powered by Morningstar® Document Research
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.