Danaher Corporation Non-Management Director Compensation Arrangements Description
Danaher Corporation outlines the compensation for its non-management directors. These directors receive $2,500 for each board meeting and $1,000 for each committee meeting attended, whether in person or by phone, along with an annual cash retainer of $40,000. They are also eligible to receive equity awards under the company's 1998 Stock Option Plan. The arrangement specifies the structure and eligibility for director compensation but does not set time limits or additional conditions.
Exhibit 10.17
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. Non-management directors receive meeting attendance fees of $2,500 per board meeting (whether telephonically or in person) and $1,000 per committee meeting (whether telephonically or in person), plus an annual cash retainer of $40,000. In addition, the non-management directors are eligible for grants of equity awards under the Amended and Restated Danaher Corporation 1998 Stock Option Plan, which is attached as Exhibit 10.1 and Exhibit 10.2 to Danaher’s Annual Report on Form 10-K for the year ended December 31, 2006.
