Danaher 2012 Annual Report Download - page 144

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"9.4 Class Year Accounting. Section 409A Amounts credited on a Participant's behalf 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 administered under this Plan by Class Year. For the avoidance of doubt, as stated in Section 1.59, the aggregate of a Participant’s
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 all purposes under this Plan, including, but not limited to, the provisions of Section 9.2.
(a) Elections. In accordance with procedures established by the Administrator pursuant to Article V and Section 9.2, a Participant
shall make a separate election for each Class Year, commencing with the Class Year 2013, for which the Participant shall specify (i) the
form and medium of distribution and (ii) the time for payment, and each such election for a Class Year shall apply to the aggregate of the
Participant’s Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for that Class Year, and
any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan. The Plan's default form of
payment and time for payment provisions under Section 4.2(b)(i)(B), Section 9.2(c), and Section 9.2(d), as applicable, shall apply to any
Participant who fails to make an election for a Class Year.
(b) Subsequent Changes in Class Year Elections. The provisions of Section 9.2(e) permitting payment delays and changes in the
form of distribution subject to certain conditions set forth therein shall be administered separately with respect to a Participant’s Section
409A Amount for each Class Year. An election to delay payment, or change the form of distribution, for a Section 409A Amount for one
Class Year shall not affect the time for payment and form of distribution elections for the Section 409A Amount for another Class Year."
11.
All other parts of the Plan not inconsistent herewith are hereby ratified and confirmed.
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Source: DANAHER CORP /DE/, 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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