Danaher 2012 Annual Report Download - page 143

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8.
Amend Section 3.3(a)(ii) 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, with respect to a Participant’s Salary for a Payroll Period during
a Plan Year, a Participant may only elect to have deferred as a Salary Deferral Amount a whole percentage not to exceed eighty-five
percent (85%) of such Salary for a Payroll Period; elections of fixed dollar amounts shall no longer permitted for Plan Years beginning
on or after January 1, 2013."
9.
Amend Section 9.2(d) of the Plan by deleting such Section in its entirety and substituting in lieu thereof the following:
"(d) Timing of Payment. Notwithstanding Article IV of the Plan and specifically Sections 4.2(c) and (e) of the Plan, the
Distribution Date for a Section 409A Amount (or the first installment of a Section 409A Amount, if applicable) shall be no earlier than
the first day of the month following the last day of the six (6) month period commencing on the Participant’s Employment Termination
Date. In accordance with procedures established by the Administrator pursuant to Article V, a Participant may elect one of the following
Distribution Dates with respect to each Section 409A Amount: (i) the first day of the month following the last day of the six (6) month
period commencing on the Participant’s Employment Termination Date; (ii) the first day of the month following the last day of the
twelve (12) month period commencing on the Participant’s Employment Termination Date; or (iii) the first day of the month following
the last day of the twenty-four (24) month period commencing on the Participant’s Employment Termination Date.
If pursuant to the terms of the Plan a Section 409A Amount is to be distributed in installments, the second installment of the
Section 409A Amount shall be made on January 15 of the calendar year following the date of payment of the initial installment, and
each subsequent installment thereafter (if any) shall be made on each January 15 thereafter until all installment payments of a Section
409A Amount have been paid to the Participant. In the avoidance of doubt, the amount of each installment payment of a Section 409A
Amount shall equal the quotient of (i) the total Section 409A Amount to be distributed, divided by (ii) the number of installment
payments remaining in the applicable period of annual installments."
10.
Amend Article IX of the Plan by adding the following new Section 9.4 immediately following Section 9.3:
3
Source: DANAHER CORP /DE/, 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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