Danaher Corporation Non-Employee Director Committee Chair Compensation Arrangement
Danaher Corporation's Board of Directors approved a compensation plan for the chairs of its Audit, Compensation, and Nominating and Governance Committees. Effective September 12, 2007, each committee chair who is a non-employee director will receive an annual retainer of $15,000, paid quarterly, in addition to other compensation. For 2007, the retainer will be prorated from the approval date.
Exhibit 10.3
Description of Compensation Arrangements for Non-Employee Directors
On September 12, 2007, the Board of Directors of Danaher Corporation approved the following compensation arrangement for the chairs of each of the Audit Committee, Compensation Committee and Nominating and Governance Committee. Effective as of September 12, 2007, the chair of each such committee will receive, in addition to the other compensation paid to Danaher’s non-employee directors, an annual retainer of $15,000, paid in quarterly installments. The retainer for 2007 shall be pro rated based on the date this compensation arrangement was approved by the Board.
