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Danaher Corp/DE – ‘10-Q’ for 7/1/11 – ‘EX-10.8’

On:  Tuesday, 7/26/11, at 5:48pm ET   ·   As of:  7/27/11   ·   For:  7/1/11   ·   Accession #:  1193125-11-197635   ·   File #:  1-08089

Previous ‘10-Q’:  ‘10-Q’ on 4/21/11 for 4/1/11   ·   Next:  ‘10-Q’ on 10/20/11 for 9/30/11   ·   Latest:  ‘10-Q’ on 4/23/24 for 3/29/24   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/27/11  Danaher Corp/DE                   10-Q        7/01/11   81:7M                                     Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    670K 
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     46K 
 9: EX-10.10    Material Contract                                   HTML     53K 
 3: EX-10.4     Material Contract                                   HTML    129K 
 4: EX-10.5     Material Contract                                   HTML    132K 
 5: EX-10.6     Material Contract                                   HTML     69K 
 6: EX-10.7     Material Contract                                   HTML     68K 
 7: EX-10.8     Material Contract                                   HTML     26K 
 8: EX-10.9     Material Contract                                   HTML     70K 
10: EX-12.1     Statement re: Computation of Ratios                 HTML     43K 
11: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
12: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
13: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
14: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
23: R1          Document And Entity Information                     HTML     43K 
34: R2          Consolidated Condensed Balance Sheets               HTML    123K 
45: R3          Consolidated Condensed Balance Sheets               HTML     30K 
                (Parenthetical)                                                  
56: R4          Consolidated Condensed Statements Of Earnings       HTML    130K 
67: R5          Consolidated Condensed Statement Of Stockholders'   HTML     83K 
                Equity                                                           
77: R6          Consolidated Condensed Statement Of Stockholders'   HTML     28K 
                Equity (Parenthetical)                                           
78: R7          Consolidated Condensed Statements Of Cash Flows     HTML    150K 
79: R8          Consolidated Condensed Statements Of Cash Flows     HTML     25K 
                (Parenthetical)                                                  
80: R9          General                                             HTML     46K 
24: R10         Acquisitions                                        HTML     67K 
25: R11         Discontinued Operations                             HTML     56K 
26: R12         Stock-Based Compensation                            HTML     90K 
27: R13         Goodwill                                            HTML     36K 
28: R14         Fair Value Measurements                             HTML     58K 
29: R15         Financing Transactions                              HTML     72K 
30: R16         Contingencies                                       HTML     33K 
31: R17         Net Periodic Benefit Cost - Defined Benefit Plans   HTML     73K 
32: R18         Earnings Per Share From Continuing Operations       HTML     61K 
33: R19         Segment Information                                 HTML     66K 
35: R20         General (Tables)                                    HTML     36K 
36: R21         Acquisitions (Tables)                               HTML     52K 
37: R22         Discontinued Operations (Tables)                    HTML     50K 
38: R23         Stock-Based Compensation (Tables)                   HTML     81K 
39: R24         Goodwill (Tables)                                   HTML     39K 
40: R25         Fair Value Measurements (Tables)                    HTML     58K 
41: R26         Financing Transactions (Tables)                     HTML     51K 
42: R27         Contingencies (Tables)                              HTML     29K 
43: R28         Net Periodic Benefit Cost - Defined Benefit Plans   HTML     75K 
                (Tables)                                                         
44: R29         Earnings Per Share From Continuing Operations       HTML     57K 
                (Tables)                                                         
46: R30         Segment Information (Tables)                        HTML     60K 
47: R31         General (Comprehensive Income) (Details)            HTML     46K 
48: R32         Acquisitions (Narrative) (Details)                  HTML     59K 
49: R33         Acquisitions (Fair Values Of The Assets Acquired    HTML     63K 
                And Liabilities) (Details)                                       
50: R34         Acquisitions (Results Of Operations If              HTML     33K 
                Acquisitions Were Consummated) (Details)                         
51: R35         Discontinued Operations (Narrative) (Details)       HTML     34K 
52: R36         Discontinued Operations (Components Of Income       HTML     61K 
                Related To Pacific Scientific Aerospace Business)                
                (Details)                                                        
53: R37         Discontinued Operations (Components Of Assets And   HTML     50K 
                Liabilities Related To Pacific Scientific                        
                Aerospace Businesses) (Details)                                  
54: R38         Stock-Based Compensation (Narrative) (Details)      HTML     76K 
55: R39         Stock-Based Compensation (Assumptions Used In The   HTML     36K 
                Black-Scholes Model To Value Options Granted)                    
                (Details)                                                        
57: R40         Stock-Based Compensation (Summary Of The            HTML     45K 
                Components Of The Share-Based Compensation                       
                Program) (Details)                                               
58: R41         Stock-Based Compensation (Option Activity Under     HTML     82K 
                The Company's Stock Plans) (Details)                             
59: R42         Stock-Based Compensation (Unvested RSUs And         HTML     52K 
                Restricted Shares Outstanding) (Details)                         
60: R43         Goodwill (Rollforward Of Goodwill) (Details)        HTML     37K 
61: R44         Goodwill (Goodwill By Segment) (Details)            HTML     30K 
62: R45         Fair Value Measurements (Narrative) (Details)       HTML     32K 
63: R46         Fair Value Measurements (Financial Assets And       HTML     35K 
                Liabilities Carried At Fair Value) (Details)                     
64: R47         Fair Value Measurements (Carrying Amounts And Fair  HTML     50K 
                Values Of Financial Instruments) (Details)                       
65: R48         Financing Transactions (Narrative) (Details)        HTML    168K 
66: R49         Financing Transactions (Components Of Debt)         HTML     68K 
                (Details)                                                        
68: R50         Contingencies (Narrative) (Details)                 HTML     26K 
69: R51         Contingencies (Warranty Accrual) (Details)          HTML     33K 
70: R52         Net Periodic Benefit Cost - Defined Benefit Plans   HTML     27K 
                (Narrative) (Details)                                            
71: R53         Net Periodic Benefit Cost - Defined Benefit Plans   HTML     37K 
                (Funded Position Of The Acquired Plans)                          
72: R54         Net Periodic Benefit Cost - Defined Benefit Plans   HTML     52K 
                (Components Of Net Periodic Pension Cost)                        
                (Details)                                                        
73: R55         Earnings Per Share From Continuing Operations       HTML     29K 
                (Narrative) (Details)                                            
74: R56         Earnings Per Share From Continuing Operations       HTML     63K 
                (Components Of Basic And Diluted Earnings Per                    
                Share) (Details)                                                 
75: R57         Segment Information (Narrative) (Details)           HTML     26K 
76: R58         Segment Information (Segment Results) (Details)     HTML     34K 
21: XML         IDEA XML File -- Filing Summary                      XML    123K 
22: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    978K 
15: EX-101.INS  XBRL Instance -- dhr-20110701                        XML   1.47M 
17: EX-101.CAL  XBRL Calculations -- dhr-20110701_cal                XML    169K 
18: EX-101.DEF  XBRL Definitions -- dhr-20110701_def                 XML    392K 
19: EX-101.LAB  XBRL Labels -- dhr-20110701_lab                      XML   1.05M 
20: EX-101.PRE  XBRL Presentations -- dhr-20110701_pre               XML    784K 
16: EX-101.SCH  XBRL Schema -- dhr-20110701                          XSD    153K 
81: ZIP         XBRL Zipped Folder -- 0001193125-11-197635-xbrl      Zip    128K 


‘EX-10.8’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Exhibit 10.8  

Exhibit 10.8

Danaher Corporation

Description of Non-Management Director Compensation Arrangements

Following is a description of the compensation arrangements for each of the Company’s non-management directors, effective as of July 1, 2011. Each of our non-management directors receives:

 

   

an annual cash retainer of $55,000, paid in four, equal installments following each quarter of service;

 

   

$2,500 for each board meeting attended (whether by telephone or in person);

 

   

$1,000 for each committee meeting attended (whether by telephone or in person);

 

   

an annual equity award with a target award value of $140,000, divided evenly between options and restricted stock units. Using the average closing price of Danaher’s common stock over a 15-day trading period ending on the seventh business day before the grant date, the target award value attributable to stock options is converted into a specified number of options (rounded up to the nearest ten) based on an assumed value per option equal to 40% of such average closing price. The target award value attributable to RSUs is converted into a specific number of RSUs using such average closing price. The strike price for each stock option is equal to the closing price of Danaher’s common stock on the date of grant, the options have a ten-year term and each option is fully vested as of the date of grant. The RSUs vest on the earlier of (1) the first anniversary of the grant date, or (2) the date of, and immediately prior to, the next annual meeting of Danaher’s shareholders following the grant date, but the underlying shares are not issued until the earlier of the director’s death or the first day of the seventh month following the director’s retirement from the Board. The options and RSUs are approved by the Compensation Committee on the date on which the Company’s July annual equity grants are approved; and

 

   

payment of or reimbursement for Danaher-related out-of-pocket expenses, including travel expenses.

In addition, the chairs of the Audit Committee, Compensation Committee and Nominating and Governance Committee each receive an annual retainer of $15,000 and the lead independent director receives an annual retainer of $10,000, in each case paid in equal quarterly installments.

Each non-employee director can elect to defer all or a part of the cash director fees that he or she receives with respect to a particular year under the Non-Employee Directors’ Deferred Compensation Plan, which is a sub-plan under the 2007 Stock Incentive Plan. Amounts deferred under the plan are converted into a particular number of phantom shares of Danaher common stock, calculated based on the closing price on the quarterly date that such fees would otherwise have been paid. A director may elect to have his or her plan balance distributed upon cessation of Board service, or one, two, three, four or five years after cessation of Board service. All distributions from the plan are in the form of shares of Danaher common stock.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:7/27/114
Filed on:7/26/114
For Period end:7/1/11
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Danaher Corp./DE                  S-3ASR      4/01/24    9:993K                                   Donnelley … Solutions/FA
 2/22/23  Danaher Corp./DE                  10-K       12/31/22  138:85M
 2/23/22  Danaher Corp./DE                  10-K       12/31/21  141:89M
 4/02/21  Danaher Corp./DE                  S-3ASR      4/02/21    8:1M                                     Workiva Inc Wde… FA01/FA
 2/25/21  Danaher Corp./DE                  10-K       12/31/20  153:22M
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Filing Submission 0001193125-11-197635   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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