welcome to the Fortive Retirement Savings Plan No matter where you are in your journey, we can help you map out the retirement you envision.

Transcription

1 welcome to the Fortive Retirement Savings Plan No matter where you are in your journey, we can help you map out the retirement you envision.

2 A Guide to the Transition Ahead We re committed to offering you resources to help you map out your retirement goals and along with Fidelity, we re here to help you at every step in your journey. This brochure contains important information regarding the changes to your Savings Plan as a result of the upcoming separation of certain businesses from Danaher Corporation to Fortive Corporation later this year. This notice is to inform you that your account balance (including any loan balance as applicable) in the Danaher Corporation & Subsidiaries Savings Plan ( DSP ) will transfer to the new Fortive Retirement Savings Plan ( Fortive Plan or the Plan ) at Fidelity Investments, effective after the stock market closes (generally 4 p.m. Eastern time) on May 31, Fortive Retirement Savings Plan For information, go to

3 Dear Colleague: Fortive has an outstanding heritage, which provides tremendous opportunity from which to launch our new company. A company being built on a foundation of unlimited learning and growth opportunities for our employees, and a company committed to offering competitive rewards programs that support the personal and financial well-being of every employee. As such, we will be transitioning the current Danaher Corporation & Subsidiaries Savings Plan (DSP) to the new Fortive Retirement Savings Plan (RSP) in advance of the separation of our business to Fortive. Fidelity Investments will provide investment, trustee, and recordkeeping services to you after the transition of your DSP account to your new Fortive RSP account. Inside you will find: What s changing under the new Plan Investment options and how your DSP savings will transfer How your Danaher Stock Fund holdings, if any, will be held in your account until some future date, and that a new Fortive Stock Fund will be introduced later this year What you can expect: May 31, 2016, before 4 p.m. Eastern time: Last day within the DSP to submit transactions as outlined later in this brochure. May 31, 2016, after 4 p.m. Eastern time: DSP accounts will transfer to the new Fortive Plan. June 1, 2016: There will be an audit period in the morning for Fidelity to review transferred amounts, which may result in a few hours where accounts are not accessible to participants To ensure minimal disruption to your retirement savings, please note that: Your current contribution election in effect May 31 will be automatically transferred to your new Fortive RSP account. This means that you don t need to set up a new payroll deduction. Your investment elections for future contributions in effect May 31 will be automatically transferred to your new Fortive RSP account. This means that you don t need to change your investment elections. Please review these materials carefully. Although no action is required of you at this time, keep this information in mind when managing or monitoring your retirement account so that you are aware of how the transition will impact your new Fortive RSP account the evening of May 31. For additional information about the Fortive Plan, please refer to the summary plan description, which will be available at in early May 2016 or contact Fidelity at I hope you share my excitement as we create something extraordinary. Sincerely, Stacey Walker, SVP Human Resources 1

4 Get Ready for the Changes Ahead After the stock market closes on May 31, 2016, your DSP balance will transfer over to the Fortive Plan. Your current account balances and deferral elections, beneficiary elections, and investment elections for future contributions will transfer per the investment mapping matrix outlined in this brochure, as determined by the Benefits Committee. If you wish to change how your balance is invested so that it maps differently, contact Fidelity to make changes to your DSP account before close of market on May 31, To ensure that all information transfers accurately from your current DSP account to your new Fortive Plan account, there will be a short period of time when you might be unable to direct or diversify investments in your individual accounts, obtain a loan or distri bution, change your contribution rate, or disenroll from Fidelity Portfolio Advisory Service at Work (PAS-W) in your new Fortive Plan on June 1, It is very important that you review and consider the appropriateness of your current investments in light of your inability to direct or diversify those investments during the limited transition period. For your long-term retirement security, you should give careful consideration to the importance of a wellbalanced and diversified investment portfolio, taking into account all your assets, income, and investments. If you have any questions concerning your account transfer, call Fidelity Investments toll-free at Fortive Retirement Savings Plan For information, go to

5 Fortive Plan Information What Will Stay the Same We will continue to offer a competitive benefits program under Fortive. Customer service support is still only a call or click away. Call to reach the Fidelity Retirement Benefits Line or go online at NetBenefits ( to access information regarding your Fortive Plan account. You won t need to enroll in the Fortive Plan if you are already a participant in the DSP. Your existing pretax and/or Roth contribution (%) elections will transfer to the Fortive Plan, as well as any existing pretax and/or Roth catch-up contribution ($) elections as applicable. You may still contribute between 1% and 75% of your pay (on a pretax, Roth, or combined basis) in the Plan as regular deferrals, up to applicable IRS limits. And, for those age 50 or over, you may still contribute additional pretax, Roth, or combined catch-up contributions. With the exception of a few share class changes, the Fortive Retirement Savings Plan will have the same fund lineup as you currently have in the DSP. You will have virtually 24-hour access to your account through automated phone ( ) and Internet services ( as well as educational and planning tools. Fortive participants will be able to utilize the same login credentials to access their account information in both Plans. You will also continue to have access to your DSP account (and its transaction history) via for 24 months after the plan transfer date. Also, you won t need to make new investment elections under the Fortive Plan, as these will be mapped over from the DSP to the Fortive Plan (with the exception of new contributions to the Danaher Corporation Stock Fund) per the fund mapping exhibit in this brochure. See more information about the Danaher Corporation Stock Fund later in this brochure. 3

6 Other plan terms and services continuing under the Fortive Plan are outlined below: Safe Harbor Company Match & Retirement Contributions Outstanding Loans Beneficiary Designations Fidelity BrokerageLink Fidelity Portfolio Advisory Service at Work (PAS-W) Automatic Enrollment and Automatic Increase Workplace Planning and Guidance Support The Company helps your retirement account grow through a generous employer match equal to 100% of each dollar you contribute on the first 3% of eligible pay that you defer into the Plan, plus 50% of the next 2% that you defer each pay date. Matching contributions are immediately 100% vested. As well, the Company contributes 2% of eligible pay to your account each pay date once you have one (1) year of service with the Company. For employees of the Company as of May 31, 2016, service with Danaher will also be counted as service with the Company. Please note that compensation and deferrals recognized in the DSP during 2016 will also count toward the IRS limits that apply to the Fortive Plan. Any outstanding loans in the DSP will transfer to your Fortive Plan account. You will continue to repay your loan in the Fortive Plan in the same manner as you have with the DSP, through regular payroll deductions. And, the plan transition will not affect the terms, interest rate, or length of your loan. As a reminder, general loans with a maximum loan term of five years are permitted under the Plan. However, extended-term loans (with terms beyond five years) are not permitted and participants are permitted to have one (1) outstanding loan at a time. Your beneficiary designation will transfer from the DSP to the Fortive Plan. Once the transition is complete on June 1, you can call the Fidelity Retirement Benefits Line toll-free at or log on to NetBenefits ( to confirm that your beneficiary information is correct and up to date. If you prefer to use a paper form to designate your beneficiary, please call the Fidelity Retirement Benefits Line toll-free at to request a form to complete and mail back to Fidelity. You ll continue to have access to additional investment choices for your retirement savings beyond the core Plan investment options available. If applicable, your Fidelity BrokerageLink account will transfer from the DSP to the Fortive Plan in kind. You ll continue to have access to this managed account service that offers professional investment management of your account. 1 If you are currently enrolled in PAS-W, your enrollment will continue with your existing assets and future contributions invested and managed by Strategic Advisers, Inc. The administration of the Automatic Enrollment and Automatic Increase features of the Fortive Plan (as described below) will remain the same, including the date used to determine whether or not these features apply to you. Employees hired, rehired or newly eligible since January 2016 will continue to be automatically enrolled in the Fortive Plan. Employees who have not elected to participate in the Fortive Plan by that time (i.e., 0% employee contributions) will be subject to the automatic (re-)enrollment terms of the Fortive Plan starting in And, employees (also newly eligible since January 2016) who have elected a deferral percentage of less than 5% will be increased to a 5% pretax deferral rate as of the first payroll period beginning on or after April 1, 2017, unless they elect otherwise. Please refer to the Fortive Plan materials (Enrollment Guide, Summary Plan Document) on NetBenefits ( starting in early May for additional details. Employees hired, rehired or otherwise eligible prior to January 2016 would not be auto-enrolled or auto-increased under the Fortive Plan. Fidelity Workplace Planning and Guidance Consultants will continue to be available resources to you and are knowledgeable professionals equipped with detailed information about the Plan and the financial know-how to help get you on your way. 1 Fidelity Portfolio Advisory Service at Work is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee. 4 Fortive Retirement Savings Plan For information, go to

7 What Will Change Two investment options in the Fortive Plan Managed Income Portfolio II and the Spartan 500 Index funds will be a different share class (with marginally higher investment fees) than was available in the Danaher Plan. This share class change is due to the smaller asset base of the combined Fortive plans (compared to the Danaher plans). See How Investment Options Will Transfer section for further details. There is a slight increase in the investment management fee for three investment options in the Fortive Plan T. Rowe Price Large Cap Core Growth Separate Account, Active Small Cap Equity Fund, and Bond Fund options as compared to the DSP, due to the Fortive Plan s smaller asset base. Please see the Important Plan and Investment-Related Information section for additional information on Fortive Plan investment options. Your Annual Recordkeeping Fee (assessed on a pro-rated, quarterly basis) under the Fortive Plan will increase slightly as described later in the brochure, also due to the lower number of Fortive plans participants over which to allocate the base plan recordkeeping fees with Fidelity. The Company believes the fees are competitive given the size of the plan and services being offered. The Danaher Corporation Stock Fund will be frozen to new money. This means that no new contributions or exchanges into the fund will be permitted after May 31, Therefore, any investment allocation to the Danaher Corporation Stock Fund for future contributions will be redirected to a LifePath Index Fund, based on your date of birth, as part of the transfer process, unless you otherwise contact Fidelity before May 31, 2016, to change your investment allocation for future contributions. Balances remaining in the Danaher Corporation Stock Fund will continue to be subject to market fluctuation. You should be aware that there is a risk to holding substantial portions of your assets in the securities of any one company, as individual securities tend to have wider price swings, up and down, in short periods of time than investments in diversified funds. After the separation of select businesses from the Danaher group to the newly created Fortive group later this year, a Fortive Stock Fund will be added to the investment lineup in the Fortive Plan. About 30 days in advance of the launch of Fortive Corporation, additional materials will be mailed to participants who have a balance in the Danaher Corporation Stock Fund, describing how that fund s value will be impacted and how an offsetting amount will be credited to their Plan account under a Fortive Stock Fund after the company separation date. Please Note: The Danaher Corporation Stock Fund will be a frozen investment in the new Fortive 401(k) Plan. After the launch of Fortive Corporation, your businesses and Fortive will be unrelated com panies to Danaher. As a result, the Fortive plans cannot legally offer continued open access to the Danaher Corporation Stock Fund. Thus, starting June 1, 2016, only withdrawals, distributions, and exchanges out of the fund will be permitted for the Danaher Corporation Stock Fund. How Your Company Stock Will Be Impacted in the New Plan after the Company Separation After the separation of various businesses from Danaher Corporation to Fortive Corporation, Danaher shareholders will receive a designated number of Fortive Corporation stock shares for each share of Danaher Corporation stock they hold. Thus, any Plan participants invested in the Danaher Corporation Stock Fund at that time will be awarded units under a Fortive Corporation Stock Fund in the Plan. Further details will be provided in that later mailing about how and when the ratio of Danaher to Fortive shares will be determined. As with all publicly traded companies, the market will determine what value is placed on the shares of both Danaher Corporation and Fortive Corporation. Please Note: If you sell any Danaher Corporation Stock Fund units prior to the record date of the Fortive Corporation distribution, you will not receive shares of Fortive stock for those Danaher shares at the separation. After the transition is complete, you will retain your investment in the Danaher Corporation Stock Fund. You will also receive shares of the new Fortive Stock Fund as explained above; however, the date and amount for the new shares has yet to be determined. 5

8 Calendar of Events Please review the calendar of events so that you are fully informed of the transition process and how some account activities will be affected. To the extent practicable, you will receive a notice of any changes to the transaction or the timing of the transition period, if applicable. Please refer to for the most current information about the transfer. Date Plan Activities What This Means to You May 31, 2016, before 4 p.m. Eastern time May 31, 2016, after 4 p.m. Eastern time June 1, 2016 Last day within the DSP to: Request an exchange (transfer) between investment options. Change how your future contributions will be invested. Change your investment elections. Submit requests (including paperwork in good order) for loans, withdrawals, and distributions. Existing requests will be processed under the Fortive Plan if they are not completed by May 31, 2016 at 4 p.m. Change your deferral elections. DSP participants will transfer over to the new Fortive Plan. DSP participants account balances and outstanding loans (as applicable) will map over to the new Fortive Plan. DSP participants will not be permitted to direct future investments to the Danaher Corporation Stock Fund. There will be an audit period in the morning for Fidelity to review transferred amounts, which may result in a few hours where accounts are not accessible to participants. Online statements are available upon request through Fidelity NetBenefits at any time. After 4 p.m. on this date: You cannot conduct any activities available at Fidelity under the DSP. Contributions and loan repayments will be directed to the Fortive Plan thereafter. Fidelity will not process any new distributions, hardship withdrawals, or in-service withdrawals requests in the DSP. All existing balances will be transferred to the new Fortive Plan per the mapping information in this brochure. All existing investment elections for future contributions in the DSP will be mapped in kind or change share class in the Fortive Plan, with the exception that any future investment elections currently directed to the Danaher Corporation Stock Fund will be mapped to the Plan s default investment option (LifePath Index Fund series). The Fortive Retirement Savings Plan is now available for normal transaction activity permitted by the Plan (exact time on June 1 is TBD). The timing of the Plan changes and transition period described in this brochure depends upon the timing and accuracy of a variety of factors, that may include the transfer of data, receipt of instructions and receipt of assets. Changes in any of these factors may result in changes to the timing of the delivery of services, the transition period, and/or the dates on which, and thus the prices at which, assets in your account are sold and/or reinvested. 6 Fortive Retirement Savings Plan For information, go to

9 How Investment Options Will Transfer Investment Options That Are Not Changing Any account balances you have invested in the below investment options as of market close on May 31, 2016, as well as any investment allocation for future contributions, will transfer to the same funds, referred to as an in-kind transfer, unless you direct otherwise by making changes to your account before the market closes on May 31, Investment Options in the Fortive Plan Fund Code Fidelity Institutional Money Market Government Portfolio Institutional Class 2642 Bond Fund Vanguard Total Bond Market Index Fund Institutional Shares TD6Q OQFC Fidelity Strategic Real Return Fund PIMCO All Asset Fund Institutional Class OSBX Fidelity Equity-Income Fund Class K 2085 Fidelity Low-Priced Stock Commingled Pool Spartan Extended Market Index Fund Fidelity Advantage Class Active Small Cap Equity Fund TD6P T. Rowe Price Large Cap Core Growth Separate Account TD6R Dodge & Cox International Stock Fund Vanguard Total International Stock Index Fund Institutional Shares LifePath Index Non-Lendable Fund G Series which will be mapped to the LifePath Fund closest to your age* OSAD OERM various A short-term redemption fee will not be charged as part of this transition. If you request a change either before or after this transition without satisfying the required holding period, you may incur a short-term redemption fee. 1 There is a short-term redemption fee of 0.75% for fee-eligible shares held less than 60 days. 2 There is a short-term redemption fee of 1.50% for fee-eligible shares held less than 90 days. 3 There is a short-term redemption fee of 0.75% for fee-eligible shares held less than 90 days. *Descriptions for the Fortive Retirement Savings Plan s Designated Default Investment option, the LifePath Index Funds, are provided within the enclosed QDIA Notice. Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. 7

10 Investment Options That Are Changing After close of market on May 31, 2016, your account balance is scheduled to transfer to the New Investment Options listed in the chart below, as determined by the Benefits Committee. Any contributions received after close of market on May 31, 2016, will be invested in these New Investment Options. Please note the distinction in mapping between balances and investment allocation for new contributions relative to the Danaher Corporation Stock Fund. Please review the chart below to see how your current account balance will transfer to the new investment options. If you do not want your investments to transfer as shown below, you must make an exchange in your current Plan before close of market on May 31, Current Investment Options prior to market close on May 31, 2016 ^ New Investment Options Effective after market close on May 31, 2016 Danaher Corporation Stock Fund Spartan 500 Index Fund Fidelity Advantage Institutional Class ^ ^ ^ Current Balances: Will transfer in kind > Danaher Corporation Stock Fund Investment Allocations for Future Contributions (and loan repayments): Will transfer to > a LifePath Index Non-Lendable Fund G with the target retirement date closest to the year you turn 65. (The Danaher Corporation Stock Fund will be frozen to new money under the Fortive Retirement Savings Plan.) Spartan 500 Index Fund Institutional Class Managed Income Portfolio II Class 3 ^ Managed Income Portfolio II Class 4 The dates shown in the chart above are based upon the timing and accuracy of a variety of factors including the transfer of data, receipt of instructions and receipt of assets. Changes in any of these factors may result in changes to the dates and timing shown above, including the dates on which, and thus the prices at which, assets in your account are sold and/or reinvested. If you currently have a portion of your investment allocation for future contributions directed to the Danaher Corporation Stock Fund and you do not redirect that portion to another investment option in the Plan before close of market on May 31, 2016, that portion of your investment allocation for future contributions will be mapped to a LifePath Index Non-Lendable Fund G that has a target retirement date closest to the year you might retire and assumes a retirement age of 65. The target retirement date time line and retirement age were selected by the Benefits Committee. Your Birth Date Fund Name Retirement Date Range Before 1953 LifePath Index Retirement Non-Lendable Fund G Retired before /1/ /31/1957 LifePath Index 2020 Non-Lendable Fund G Target Years /1/ /31/1962 LifePath Index 2025 Non-Lendable Fund G Target Years /1/ /31/1967 LifePath Index 2030 Non-Lendable Fund G Target Years /1/ /31/1972 LifePath Index 2035 Non-Lendable Fund G Target Years /1/ /31/1977 LifePath Index 2040 Non-Lendable Fund G Target Years /1/ /31/1982 LifePath Index 2045 Non-Lendable Fund G Target Years /1/ /31/1987 LifePath Index 2050 Non-Lendable Fund G Target Years /1/ /31/1992 LifePath Index 2055 Non-Lendable Fund G Target Years /1/1993 and later LifePath Index 2060 Non-Lendable Fund G Target Years 2058 and beyond You can review or change your investment mix on Fidelity NetBenefits at For assistance, call Fidelity Investments toll-free at , Monday through Friday (excluding most New York Stock Exchange holidays) between 8:30 a.m. and midnight Eastern time to speak with a Fidelity Service Center Representative. 8 Fortive Retirement Savings Plan For information, go to

11 Fidelity Portfolio Advisory Service at Work (PAS-W) If you are currently enrolled in PAS-W, your enrollment will continue upon your transfer to the Fortive Plan, which means your existing assets and future contributions will continue to be invested and managed by Strategic Advisers, Inc. (SAI). 1 If you do not want to continue your enrollment in PAS-W, you may call and disenroll from PAS-W. As a reminder, after new life events or changes to your situation, you will need to update your information by calling SAI at or going online at Based on the updates, SAI may need to revise how your workplace savings account is invested. Upon transfer to the Fortive Plan, your investment mix will be subject to the mapping as outlined in the How Investment Options Will Transfer section of this brochure. Fidelity BrokerageLink The Fortive Plan provides an active, self-directed brokerage account investment alternative under the Plan for all participants. This option, referred to as Fidelity BrokerageLink, combines the convenience of your workplace savings plan with the additional flexibility of an individual brokerage account. It gives you expanded investment choices and the opportunity to manage your retirement savings. Fidelity BrokerageLink provides you with an opportunity to invest in a broad range of investment options beyond those offered directly through the Plan. This additional flexibility and choice may help you to more effectively build a retirement portfolio that s more tailored to your individual goals. BrokerageLink includes investments beyond those in your Plan s core lineup. The Plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink. It is your responsibility to ensure the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance. Contact Fidelity at to request a BrokerageLink fact sheet and commission schedule for applicable fees and risks. 1 In cases where the investment lineup or asset allocation in the receiving plan is different, SAI, as manager, will (as soon as administratively feasible after the transfer date) rebalance your account balance among the offerings in the new investment lineup, excluding any assets identified in the PAS-W terms and conditions as excluded from the advisory service. Fidelity Portfolio Advisory Service at Work is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee. 9

12 Important Plan and Investment- Related Information Right to Direct Investments You have the right to direct your account balance and any future contributions among the Plan s investment options, subject to any restrictions summarized below. To access your Plan account with Fidelity, make any changes to your investment options, direct any future contributions, or seek additional information, log on to or call Investment Options The Plan offers a choice of investment options that allow you to create a diversified portfolio to help you meet your individual needs. Fidelity BrokerageLink The Plan also provides access to Fidelity BrokerageLink, which allows you to choose from investments beyond those core options offered by the Plan. The Plan s fiduciaries do not monitor the investments available in BrokerageLink. BrokerageLink is intended for those who are comfortable managing a portfolio of expanded investment choices. Additional fees apply to a BrokerageLink account. Please refer to the fact sheet and commission schedule for a complete listing of brokerage fees. Please contact Fidelity at to obtain this information if interested in this investment option. Investment Managers for PAS-W Strategic Advisers, Inc., a registered investment adviser and Fidelity Investments company, has been appointed to provide discretionary investment management for participants through Fidelity Portfolio Advisory Service at Work, if so elected by the participant. Additional fees apply if the participant elects this service. Please contact Fidelity at for further details on this service and related fees. Utilizing the investment manager(s) or service(s) identified above may restrict your ability to direct the investment of all or a portion of your account balance. Restrictions There may be certain restrictions on how investment directions may be made in the Plan, summarized as follows: The initial exchange into BrokerageLink requires a $2,500 minimum. Additional exchanges into BrokerageLink require a $1,000 minimum. The Danaher Corporation Stock Fund: no new contributions or exchanges will be permitted into this fund under the Fortive Plan only withdrawals, distributions, and exchanges out of the fund will be permitted for this fund. Keep in mind that such restrictions are subject to change. Any frequent trading restrictions imposed by the Plan and/or by the Plan s investment options are listed in the enclosed Participant Disclosure Comparative Chart. Keep in mind that those restrictions are subject to change as well. Exercising Voting, Tender, and Similar Rights You have the right to exercise voting, tender, and similar rights related to the following investments you may have in your Plan account. You will receive information regarding such rights and how to exercise them at the time of a vote, tender, or other event. Mutual Funds The Danaher Corporation Stock Fund 10 Fortive Retirement Savings Plan For information, go to

13 Fees and Expenses If you have an account in the Plan, it may be subject to the following types of fees and expenses: Asset-based fees Plan administrative fees and expenses Plan Wide Fees Annual Recordkeeping Fee Annual Plan Administrative Fee to cover various eligible Plan-related expenses Amount $43 per participant $10 per participant Individual fees and expenses Asset-Based Fees Asset-based fees reflect an investment option s total annual operating expenses and include management and other fees. They are often the largest component of retirement plan costs and are paid by all shareholders of the investment option. Typically, asset-based fees are reflected as a percentage of assets invested in the option and often are referred to as an expense ratio. You may multiply the expense ratio by your balance in the investment option to estimate the annual expenses associated with your holdings. Asset-based fees are deducted from an investment option s assets, thereby reducing its investment return. Fee levels can vary widely among investment options, depending in part on the type of investment option, its management (including whether it is active or passive), and the risks and complexities of the option s strategy. There is not necessarily a correlation between fees and investment performance, and fees are just one component to consider when determining which investment options are right for you. Plan Administrative Fees and Expenses Plan administrative fees may include legal, accounting, trustee, recordkeeping, and other administrative fees and expenses associated with maintaining the Plan. In some instances, they may be deducted from individual accounts in the Plan, either equally from all accounts or proportionally based on account balance. Plan recordkeeping fees are deducted from your account on a quarterly basis and will be reflected on your Plan account statement. Note: If you are a terminated participant with a balance, and you take your final distribution from the Fortive Plan during the year, you will be charged the balance (if any) of your annual recordkeeping fee, which will be offset from your final Plan distribution amount. If any Plan administrative fees are deducted from your account, they will be reflected on your Plan account statement. These fees may be waived by the Plan Sponsor for some quarters, depending on the level of expenses incurred by the Plan. Individual Fees and Expenses Individual fees and expenses include those associated with a service or transaction that an individual may select. In some instances, they may be deducted from the accounts of those individuals who utilize the service or engage in the transaction. If you have an account in the Plan, and you select or execute one or more of the following services or transactions, the following fees may be deducted from your account based on the information and direction Fidelity had at the time this brochure was prepared. As you review this information, please keep in mind that fees are subject to change and that certain individual fees may not be deducted in certain circumstances. Based on the information and direction Fidelity had on file at the time this brochure was prepared, Plan administrative fees and expenses may be deducted equally from all accounts. Please keep in mind that fees are subject to change, and that certain Plan administrative fees may not be deducted from accounts in certain quarters. 11

14 Type of Individual Fee Loan Initiation Fee Qualified Domestic Relations Order (QDRO) Fee Portfolio Advisory Service at Work Overnight Mailing Fee Amount $50 per loan, deducted from participant s account $300, deducted from participant s account per transaction. QDROs handled for Fortive Plan by QDRO Consultants. Net advisory fee based on percentage of the average daily balance of eligible assets in your account, per year. Contact Fidelity for more information on PAS-W fee structure (no change from DSP net advisory fees). $25 per transaction Also, please note you may incur short-term redemption fees, commissions, transfer fees, and similar expenses in connection with transactions associated with your Plan s investment options. Please see enclosed comparative chart. If any individual fees are deducted from your account, they will be reflected on your Plan s account statement. Questions? For more information, or if you have any questions, please call the Fidelity Retirement Benefits Line toll-free at , Monday through Friday (excluding most New York Stock Exchange holidays) between 8:30 a.m. and midnight Eastern time, to speak with a Service Center Representative. 12 Fortive Retirement Savings Plan For information, go to

15 Investment Options Overview The Fortive Retirement Savings Plan gives you a choice of investment options that allow you the flexibility to build your own strategy to meet your needs. Available through the Plan are conservative, moderately conservative, and aggressive funds, as well as long- and short-term options. After the transition, the Fortive Plan investment lineup will include most of the same options as the DSP, and at a later time will also have an additional investment choice, the Fortive Stock Fund. However, the Danaher Corporation Stock Fund will be a frozen investment under the Fortive Plan. How to Choose Your Investments Before making your investment decisions, it is important that you become familiar with the various options in the Plan. Additional information regarding each investment option s risk, as well as its strategy and objective, can be found in the Investment Descriptions section of this brochure. Please consider all investment information before choosing your investments. For an explanation of your rights to direct investments, any Plan restrictions, and a description of the types of fees and expenses associated with your Plan account, refer to the enclosed Participant Disclosure Notice. What You Need to Do Now is a good time to look at your situation and decide whether changes might be appropriate to better align your investment approach with your retirement goals. 13

16 Investment Descriptions Descriptions for the Fortive Retirement Savings Plan s Designated Default Investment option, the LifePath Index Funds, are provided within the enclosed QDIA Notice. A description of each investment option available in the Plan is provided below. Active Small Cap Equity Fund Fund Code: TD6P Ticker: N/A Expense Ratio: 0.81% as of 2/17/2016* Objective: Long-term capital appreciation by investing in small capitalization stocks. Strategy: The Active Small Cap Equity Fund ( the Fund ) is a custom multi-manager fund that invests in a wide array of small capitalization stocks, combining both growth and value investment styles. The Fund is managed by two active investment managers, each with a different style and philosophy American Beacon Advisors, Inc. ( American Beacon ) and Henderson Geneva Capital Management ( Henderson Geneva ). The objective of a multi-manager approach is to reduce the volatility of performance inherent with one style or management approach. The Fund targets a 50% weighting to American Beacon and 50% weighting to Henderson Geneva. n Henderson Geneva engages in fundamental analysis in seeking to identify high quality small capitalization companies with superior management teams, low leverage and a consistent, sustainable record of growth. The strategy typically invests in stocks. n American Beacon uses a multi-manager approach to small cap value investing with a primary emphasis on finding undervalued stocks with above-average earnings growth expectations. The fund s bottom-up portfolio construction is well diversified at the security and industry levels across more than 500 stocks. Risk: Stock markets are volatile and can decline in response to adverse issuer, political, regulatory, market, economic or other developments. Investing in small-sized companies may be riskier than investing in large companies for several reasons. Many small sized companies can have shorter track records, fewer product lines, limited markets for their products and limited financial and human resources. They may be more vulnerable to adverse business and economic conditions than large companies. Stock issued by small-sized companies tends to be less liquid and more volatile than stocks of larger companies with greater resources and more diverse product lines, and more volatile than the market in general. Short-term Redemption Fee Note: None n Someone who is seeking to invest for capital appreciation over the long term and is comfortable with the ups and downs of the stock market, which can result in potentially wide swings in investment value. n Someone who is seeking balanced exposure to smaller, less well-known companies and is willing to assume the higher risk associated with small capitalization stocks. Footnotes: The investment option is a custom strategy fund. This description is only intended to provide a brief overview of the fund. This investment option is not a mutual fund. Bond Fund Fund Code: TD6Q Ticker: N/A Expense Ratio: 0.44% as of 2/17/2016* Objective: The Bond Fund s investment objective is to maximum total return consistent with the preservation of capital. The Bond Fund seeks to exceed the return of the Barclays U.S. Aggregate Bond Index by investing a diversified portfolio of high quality bonds employing multiple concurrent strategies. Strategy: The Bond Fund focuses on maximizing total return potential while seeking to protect an investor s principal. The Bond Fund s assets are managed by one active investment manager Pacific Investment Management Company LLC (PIMCO). The Bond Fund is guided by a forward-looking, riskfocused philosophy that aims to identify risk early while also being positioned to capture attractive returns. It emphasizes investment in higher-quality, intermediate-term bonds and aims to avoid concentration risk by investing a portion of the Account in non-u.s. bonds. The Bond Fund s flexibility allows it to respond to changing economic conditions, helping to support risk management and increase total return potential across varying market and interest rate environments. Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Short-term Redemption Fee Note: None n Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share price. n Someone who is seeking to diversify an equity portfolio with a more conservative investment option. Footnotes: The investment option is a managed separate account. It is managed by Pacific Investment Management Company LLC. This description is only intended to provide a brief overview of the investment option. The Barclays Capital U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollar denominated investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year. This investment option is not a mutual fund. *This is an estimated gross expense ratio for the Fortive Plan based on the last conducted analysis of estimated Fortive assets as of February 17, Fortive Retirement Savings Plan For information, go to

17 Fidelity BrokerageLink Fund Code: BLNK Ticker: N/A Expense Ratio: N/A Objective: To provide a broad range of investment products that allow you to manage your retirement savings. Strategy: BrokerageLink is a brokerage account within your retirement plan. You alone decide how to invest the assets in your Fidelity BrokerageLink account. You can invest in a vast array of mutual funds from either Fidelity, or from Fidelity and other mutual fund companies through BrokerageLink. If your plan allows, you can also invest in most listed stocks, options (if approved for options trading), corporate bonds, zero coupon bonds, U.S. Treasury securities, mortgage securities and U.S. Government agency bonds, certificates of deposit, unit investment trusts, and foreign securities. Brokerage services are provided through Fidelity Brokerage Services LLC, a member of the New York Stock Exchange and Securities Investor Protection Corporation. Risk: BrokerageLink includes investments beyond those in your plan s lineup. The plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink. It is your responsibility to ensure the investments you select are suitable for your situation including your goals, time horizon, and risk tolerance. See the fact sheet and commission schedule for applicable fees and risks. There are certain securities in which you cannot invest through your BrokerageLink account; check your BrokerageLink brochure for more information. This account is neither a mutual fund nor is it managed by any of the Fidelity Investments group of companies. n Someone who is comfortable with researching and evaluating a broad universe of investments and wants to invest part of his or her retirement savings in these investments through a brokerage account. n Someone who wants the highest degree of flexibility in selecting investments for his or her retirement savings. Dodge & Cox International Stock Fund Fund Code: OSAD Ticker: DODFX Expense Ratio: 0.64% as of 5/1/2015 Objective: The investment seeks long-term growth of principal and income. Strategy: The fund invests primarily in a diversified portfolio of equity securities issued by non-u.s. companies from at least three different countries, including emerging market countries. It will invest at least 80% of its total assets in equity securities of non-u.s. companies. The fund typically invests in medium-to-large well established companies based on standards of the applicable market. It may enter into forward currency contracts or currency futures contracts to hedge foreign currency exposure. Risk: Foreign securities are subject to interest-rate, currencyexchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available. Short-term Redemption Fee Note: None n Someone who is seeking to complement a portfolio of domestic investments with international investments, which can behave differently. n Someone who is willing to accept the higher degree of risk associated with investing overseas. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. Fidelity Equity-Income Fund Class K Fund Code: 2085 Ticker: FEIKX Expense Ratio: 0.59% as of 3/31/2016 Objective: Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund seeks a yield for its shareholders that exceeds the yield on the securities comprising the S&P 500 Index. Strategy: Normally investing at least 80% of assets in equity securities. Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap value stocks. Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments. Potentially using covered call options as tools in managing the fund s assets. Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign 15

18 securities are subject to interest rate, currency exchange rate, economic, and political risks. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Value stocks can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time. Short-term Redemption Fee Note: None n Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. n Someone who is comfortable with the volatility of large-cap stocks and value-style investments. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. The S&P 500 Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those of the non-k, non-advisor class. Had K class expenses been reflected in the returns shown, total returns would have been higher. Fidelity Institutional Money Market Government Portfolio Institutional Class Fund Code: 2642 Ticker: FRGXX Expense Ratio: 0.18% as of 5/28/2015 Objective: Seeks to obtain as high a level of current income as is consistent with the preservation of principal and liquidity within the limitations prescribed for the fund. Strategy: The Adviser normally invests at least 99.5% of the fund s total assets in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Certain issuers of U.S. Government securities are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by the U.S. Treasury. Investing in compliance with industry-standard regulatory requirements for money market funds for the quality, maturity, liquidity and diversification of investments. The Adviser stresses maintaining a stable $1.00 share price, liquidity, and income. In addition the Adviser normally invests at least 80% of the fund s assets in U.S. Government securities and repurchase agreements for those securities. Risk: Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of an issuer or a provider of credit support or a maturityshortening structure for a security can cause the price of a money market security to decrease. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund s sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. The fund will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund s weekly liquid assets fall below 30% of its total assets because of market conditions or other factors. Short-term Redemption Fee Note: None n Someone who has a low tolerance for investment risk and who wishes to keep the value of his or her investment relatively stable. n Someone who is seeking to complement his or her bond and stock fund holdings in order to reach a particular asset allocation. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. Initial offering of the Fidelity Institutional Money Market Government Portfolio Institutional Class took place on May 14, Returns and expenses prior to that date are those of the Fidelity Institutional Money Market Government Portfolio Class I. Had Fidelity Institutional Money Market Government Portfolio Institutional Class expenses been reflected in the returns shown, total returns would have been higher. Fidelity is voluntarily reimbursing a portion of the fund s expenses. If Fidelity had not, the returns would have been lower. Fidelity Low-Priced Stock Commingled Pool Fund Code: 3715 Ticker: N/A Expense Ratio: 0.48% as of 9/30/2015 Objective: Seeks capital appreciation. Strategy: Normally invests primarily in common stocks. Normally investing at least 80% of assets in low-priced stocks (those priced at or below $35 per share), which can lead to investments in small and medium-sized companies. Potentially investing in stocks not considered low-priced. Investing in domestic and foreign issuers. Investing in either growth or value stocks or both. Risk: Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. You may have a gain or loss when you sell your shares. The securities of small, less well-known companies may be more volatile than those of larger companies. Investments in foreign securities involve risks in addition to those of U.S. investments, including increased political and economic risk, as well as exposure to currency fluctuations. Short-term Redemption Fee Note: This fund has a Short-term Redemption Fee of 1.50% for shares held less than 90 days. n Someone who is seeking the potential for long-term shareprice appreciation. 16 Fortive Retirement Savings Plan For information, go to

19 n Someone who is comfortable with value-style investments and the potentially greater volatility of investments in smaller companies. Footnotes: The Fidelity Low-Priced Stock Commingled Pool is a collective investment trust managed by Fidelity Management Trust Company (FMTC). It is not a mutual fund, nor is it insured by the FDIC. The Fidelity Low-Priced Stock Commingled Pool is maintained by FMTC under the Fidelity Group Trust for Employee Benefit Plans. This description is only intended to provide a brief overview of this investment option, which is available only to certain qualified plans and is not offered to the general public. This investment option is not a mutual fund. Fidelity Strategic Real Return Fund Fund Code: 1505 Ticker: FSRRX Expense Ratio: 0.80% as of 11/28/2015 Objective: Seeks real return consistent with reasonable investment risk. Strategy: Allocating the fund s assets among four general investment categories, using a neutral mix of approximately 30% inflation-protected debt securities, 25% floating-rate loans, 25% commodity-linked derivative instruments and related investments, and 20% REITs and other real estate related investments. Investing in domestic and foreign issuers. Analyzing a security s structural features and current pricing, its issuer s potential for success, and the credit, currency, and economic risks of the security and its issuer to select investments. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments. Investing in Fidelity s central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines). Risk: Stock markets, particularly foreign markets, are volatile and can be affected by adverse issuer, political, regulatory, market, or economic developments. Floating rate loans may not be fully collateralized and therefore may decline significantly in value. A floating rate loan may not be fully collateralized which may cause the loan to decline significantly in value. A floating rate loan is generally subject to restrictions on resale. Difficulty in selling a floating rate loan may result in a loss. Interest rate increases can cause the price of a debt security to decrease. Increases in real interest rates can cause the price of inflation-protected debt securities to decrease. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. Lower-quality bonds can be more volatile and have greater risk of default than higherquality bonds. Commodity-linked investments can be more volatile and less liquid than the underlying instruments or measures and their value may be affected by the performance of the overall commodities baskets as well as weather, tax, and other regulatory developments. Leverage can increase market exposure and magnify investment risks. Short-term Redemption Fee Note: This fund has a Shortterm Redemption Fee of 0.75% for fee eligible shares held less than 60 days. n Someone who is seeking to invest in a fund that invests in both stocks and bonds. n Someone who is seeking the potential both for income and for long-term share-price appreciation and who is willing to accept the volatility of the bond and stock markets. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. Managed Income Portfolio II Class 4 Fund Code: 3703 Ticker: N/A Expense Ratio: 0.38% as of 9/30/2015 Objective: The fund seeks to preserve your principal investment while earning a level of interest income that is consistent with principal preservation. The fund seeks to maintain a stable net asset value (NAV) of $1 per share, but it cannot guarantee that it will be able to do so. The yield of the fund will fluctuate. Strategy: The fund invests in benefit-responsive investment contracts issued by insurance companies and other financial institutions ( Contracts ), fixed income securities, and money market funds. Under the terms of the Contracts, the assets of the fund are invested in fixed income securities (which may include, but are not limited to, U.S. Treasury and agency bonds, corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, and collective investment vehicles and shares of investment companies that invest primarily in fixed income securities) and shares of money market funds. The fund may also invest in futures contracts, option contracts, and swap agreements. Fidelity Management Trust Company, as investment manager and trustee of the Fidelity Group Trust for Employee Benefit Plans, has claimed an exemption from registration under the Commodity Exchange Act and is not subject to registration or regulation under the Act. At the time of purchase, all Contracts and securities purchased for the fund must satisfy the credit quality standards specified in the Declaration of Separate Fund. Risk: The Contracts and securities purchased for the fund are backed solely by the financial resources of the issuers of such Contracts and securities. An investment in the fund is not insured or guaranteed by the manager(s), the plan sponsor, the trustee, the FDIC, or any other government agency. The Contracts purchased by the fund permit the fund to account for the fixed income securities at book value (principal plus interest accrued to date). Through the use of book value accounting, there is no immediate recognition of investment gains and losses on the fund s securities. Instead, gains and losses are recognized over time by periodically adjusting the interest rate credited to the fund under the Contracts. However, while the fund seeks to preserve your principal investment, it is possible to lose money by investing in this fund. The Contracts provide for the payment of certain withdrawals and exchanges at book value during the terms of the Contracts. In order to maintain the Contract issuers promise to pay such withdrawals and exchanges at book value, the Contracts subject the fund and its participants to certain restrictions. For example, withdrawals prompted by certain events (e.g., layoffs, early retirement windows, spinoffs, sale of a division, facility closings, plan terminations, 17

20 partial plan terminations, changes in laws or regulations) may be paid at the market value of the fund s securities, which may be less than your book value balance. Certain investment options offered by your plan (e.g., money market funds, short term bond funds, certain asset allocation/lifecycle funds and brokerage window) may be deemed by the Contract issuers to compete with this fund. The terms of the Contracts prohibit you from making a direct exchange from this fund to such competing funds. Instead, you must first exchange to a noncompeting fund for 90 days. While these requirements may seem restrictive, they are imposed by the Contract issuers as a condition for the issuer s promise to pay certain withdrawals and exchanges at book value. Short-term Redemption Fee Note: None n Someone who has a low tolerance for investment risk and who wishes to keep the value of his or her investment relatively stable. n Someone who is seeking to complement his or her bond and stock fund holdings in order to reach a particular asset allocation. Footnotes: The investment option is a stable value fund. It is managed by Fidelity Management Trust Company. This description is only intended to provide a brief overview of the fund. This fund is a commingled pool of the Fidelity Group Trust for Employee Benefit Plans. Only qualified, participant-directed, defined contribution plans may invest in the fund. This investment option is not a mutual fund. On January 3, 2013, an initial offering of the Managed Income Portfolio II Class 4 took place. Returns and expenses prior to that date are those of the Managed Income Portfolio II Class 2. Had class 4 expenses been reflected in the returns shown, total returns would have been higher. Management Fee includes the costs associated with managing the investments in the pool. The management fee does not include the wrap contract fees, which are paid to third party wrap providers and do not result in any additional compensation to Fidelity. The wrap contract fees are not separately stated but are included in the Expense Ratio and do reduce returns. Expense Ratio (Gross) includes management and wrap contract fees. For certain investments, it may also include distribution fees. Please note that the Gross and Net Expense Ratio are the same for this investment. PIMCO All Asset Fund Institutional Class Fund Code: OSBX Ticker: PAAIX Expense Ratio: 1.03% as of 3/4/2016 Objective: The investment seeks maximum real return, consistent with preservation of real capital and prudent investment management. Strategy: The fund normally invests substantially all of its assets in Institutional Class or Class M shares of any funds of the Trust or PIMCO Equity Series, an affiliated open-end investment company, except other funds of funds, or shares of any actively-managed funds of the PIMCO ETF Trust, an affiliated investment company. The fund s investment in a particular Underlying PIMCO Fund normally will not exceed 50% of its total assets. Risk: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Additional risk information for this product may be found in the prospectus or other product materials, if available. Short-term Redemption Fee Note: None n Someone who is seeking to invest in a fund that invests in both stocks and bonds. n Someone who is seeking the potential both for income and for long-term share-price appreciation and who is willing to accept the volatility of the bond and stock markets. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. Spartan 500 Index Fund - Institutional Class Fund Code: 2327 Ticker: FXSIX Expense Ratio: 0.05% as of 4/29/2015 Objective: Seeks to provide investment results that correspond to the total return (i.e., the combination of capital changes and income) performance of common stocks publicly traded in the United States. Strategy: Normally investing at least 80% of assets in common stocks included in the S&P 500 Index, which broadly represents the performance of common stocks publicly traded in the United States. Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Short-term Redemption Fee Note: None n Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. n Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated with investing in the stock market. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. The S&P 500 Index is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates. It is an unmanaged index of the common stock prices of 500 widely held U.S. stocks that includes the reinvestment of dividends. Initial offering of the Institutional Share Class took place on May 4, Returns prior to that date are those of the Fidelity Advantage Class and reflect the Fidelity Advantage Class 18 Fortive Retirement Savings Plan For information, go to

21 expense ratio. Had the Institutional Class expense ratio been reflected, total returns would have been higher. Fidelity is voluntarily reimbursing a portion of the fund s expenses. If Fidelity had not, the returns would have been lower. Spartan Extended Market Index Fund Fidelity Advantage Class Fund Code: 1521 Ticker: FSEVX Expense Ratio: 0.07% as of 4/29/2015 Objective: Seeks to provide investment results that correspond to the total return stocks of mid- to small-capitalization United States companies. Strategy: Normally investing at least 80% of assets in common stocks included in the Dow Jones U.S. Completion Total Stock Market Index, which represents the performance of stocks of mid- to small-capitalization U.S. companies. Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Investments in smaller companies may involve greater risks than those in larger, more well known companies. Short-term Redemption Fee Note: This fund has a Shortterm Redemption Fee of 0.75% for fee eligible shares held less than 90 days. n Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. n Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatility of investments in smaller companies. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. The Dow Jones U.S. Completion Total Stock Market Index is an unmanaged index that represents all U.S. equity issues with readily available prices, excluding components of the S&P 500. On October 14, 2005, an initial offering of the Fidelity Advantage Share Class took place. Returns prior to that date are those of the Investor Class and reflect the Investors Class expense ratio. Had the Fidelity Advantage Class expense ratio been reflected, total returns would have been higher. T. Rowe Price Large Cap Core Growth Separate Account Fund Code: TD6R Ticker: N/A Expense Ratio: 0.40% as of 2/17/2016* Objective: The Account seeks to provide long-term capital growth through investments in the common stocks of largecap growth companies. Strategy: The Account will normally invest in approximately growth companies. The Account will normally invest at least 80% at the time of purchase of the Account s total market value in large-cap companies. From a broad universe of about 1000 companies, the Account will target companies in fertile fields of growth that are believed by the Adviser to be well established in their industries and to have potential for above-average earnings growth. Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Growth stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks. Unit, price, and return will vary. Short-term Redemption Fee Note: None n Someone who is looking for the growth of capital and potential dividend income that is characteristic of larger companies. Footnotes: The investment option is a managed separate account. It is managed by T. Rowe Price, which provided the description for this portfolio. This description is only intended to provide a brief overview of the fund. This investment option is not a mutual fund. The Danaher Corporation Stock Fund Fund Code: TVJG Ticker: N/A Expense Ratio: 0.02% as of 2/17/2016* Objective: Seeks to increase the value of your investments over the long term by investing in the common stock of your employer or its affiliate. Strategy: Normally invests primarily in the stock of Danaher Corporation, as well as in short-term investments. Your ownership is measured in units of the fund instead of shares of stock. The fund pools your money with that of other employees to buy shares of stock in your employer or its affiliate and an amount of short-term investments designed to allow you to buy or sell without the usual trade settlement period for individual stock transactions. The amount of shortterm investments is based upon a target established by the plan sponsor, but the actual amount of short-term investments on any given business day will vary with the amount of cash awaiting investment and with participant activity in the fund (contributions, redemptions, exchanges, withdrawals, etc.) The value of your investment will vary depending on the performance of the company, the overall stock market, and the performance and amount of short-term investments held by the fund, less any expenses accrued against the fund. Risk: If you invest a significant portion of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it can be an effective strategy to help you manage investment risk. This is neither a mutual fund nor a diversified or managed investment option. Investing in a nondiversified single stock fund involves more risk than investing in a diversified fund. On days of unexpectedly heavy outflows, the fund may not have enough short-term investments for liquidity. If that happens, requests to sell units received by Fidelity before the market close on a business day may not be processed on that day. In that case, requested sales of units will be suspended and, as liquidity is restored, suspended transactions will be processed, generally on a first-in-first-out basis, at the closing price for the processing date. In unusual circumstances, the fund may be closed to purchases or sales. As with any stock, the value of your investment may go up or down depending on how the company s stock performs in the market. Unit price and return will vary. *This is an estimated gross expense ratio for the Fortive Plan based on the last conducted analysis of estimated Fortive assets as of February 17,

22 The potential volatility of a non-diversified Company stock fund makes this investment option one of the riskiest investment options available under any plan. Short-term Redemption Fee Note: None n Someone who wants to own part of the company they may work for and share in the gains or losses of its stock. n Someone whose investment portfolio can withstand the higher risk of investment in a single stock. Footnotes: This investment option is a unitized company stock fund. This description is only intended to provide a brief overview of the fund. To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return, while minimizing your overall risk of losing money. This is because market or other economic conditions that cause one category of assets, or one particular security, to perform very well often cause another asset category, or other particular security to perform poorly. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help manage your investment risk. You have the right to direct Fidelity Management Trust Company (the Trustee ), concerning shareholder rights, such as the right to vote or tender, for shares attributable to the units of the Danaher Corporation Stock Fund credited to your account. The Trustee will hold your decision with respect to the exercise of shareholder rights in confidence, except to the extent required by law. In addition, Danaher Corporation will not review information concerning any individual participant s purchase, holding or sale of the Danaher Corporation Stock Fund, unless required to fulfill its fiduciary obligations, or by applicable law. The plan fiduciary responsible for monitoring compliance with the confidentiality procedures is: Benefits Committee, 2200 Pennsylvania Avenue, NW Suite 800W, Washington, DC 20037, This investment option is not a mutual fund. Vanguard Total Bond Market Index Fund Institutional Shares Fund Code: OQFC Ticker: VBTIX Expense Ratio: 0.06% as of 4/28/2015 Objective: The investment seeks the performance of a broad, market-weighted bond index. Strategy: The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund s investments will be selected through the sampling process, and at least 80% of the fund s assets will be invested in bonds held in the index. Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available. Short-term Redemption Fee Note: None n Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share price. n Someone who is seeking to diversify an equity portfolio with a more conservative investment option. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. The Barclays U.S. Aggregate Float Adjusted Index measures the total universe of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. Except for Life of Fund returns, the analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 09/18/1995. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/11/1986, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. 20 Fortive Retirement Savings Plan For information, go to

23 Vanguard Total International Stock Index Fund Institutional Shares Fund Code: OERM Ticker: VTSNX Expense Ratio: 0.10% as of 2/25/2016 Objective: The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States. Strategy: The fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index, a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The index includes approximately 5,715 stocks of companies located in 45 countries. Risk: Foreign securities are subject to interest-rate, currencyexchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available. Short-term Redemption Fee Note: None n Someone who is seeking to complement a portfolio of domestic investments with international investments, which can behave differently. n Someone who is willing to accept the higher degree of risk associated with investing overseas. Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund s prospectus for more detailed information about the fund. Except for Life of Fund returns, the analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 11/29/2010. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 04/29/1996, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. The FTSE Global All Cap ex US Index is part of a range of indices designed to help US investors benchmark their international investments. The index comprises large, mid and small cap stocks globally excluding the US. 21