STRYKER CORP
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<p class=MsoNormal align=right style='text-align:right'>Exhibit 10.1</p>





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<b>STRYKER
CORPORATION</b></p>

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<b>EXECUTIVE BONUS
PLAN</b></p>
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<p class=MsoNormal style='text-align:justify; margin-top:0; margin-bottom:0'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The purpose of this
Stryker Corporation Executive Bonus Plan (the &quot;Plan&quot;) is to enhance the
Company's ability to attract and retain highly qualified executives, to provide
additional financial incentives to such executives and to promote the success
of the Company and its subsidiaries through awards of incentive compensation
that satisfy the requirements for performance-based compensation under Section
162(m) of the Code.</p>



<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">&nbsp;1.<b><i>&nbsp; Definitions.</i></b> As used herein, the following terms shall
have the respective meanings indicated: </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(a)&nbsp; &quot;Adjusted Operating Income&quot; shall mean Operating Income increased by the
amount of any in-process research and development charges reflected in such
Operating Income.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(b)&nbsp; &quot;Board&quot; shall mean the Board of Directors of the Company. </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(c)&nbsp; &quot;Code&quot; shall mean the Internal Revenue Code of 1986, as amended, or the
corresponding provisions of any subsequent federal internal revenue law. </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(d)&nbsp; &quot;Committee&quot; shall mean the Compensation Committee of the Board or such other
committee as may be appointed by the Board to administer the Plan that is
comprised of not less than two directors of the Company, each of whom is an
&quot;outside director&quot; within the meaning of Section&nbsp;162(m) of the Code and
Section&nbsp;1.162-27(e)(3) of the Regulations. </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(e)&nbsp; &quot;Company&quot; shall mean Stryker Corporation, a Michigan corporation.</font>
<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(f)&nbsp; &quot;Eligible Executive&quot; shall mean the Company's
Chief Executive Officer and other executive officers of the Company who
are or may be &quot;covered employees&quot; of the Company as defined in Section 162(m)
of the Code.&nbsp; </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
<font size="3">(g)&nbsp; &quot;Fiscal Year&quot; or &quot;Fiscal Quarter&quot; shall mean a fiscal year or fiscal
quarter, respectively, of the Company.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
   <font size="3">(h)&nbsp; &quot;Formula Bonus&quot; shall mean, for each Performance Period, a maximum
Incentive Bonus of 0.75% of the Adjusted Operating Income per individual for
such Performance Period.&nbsp; Notwithstanding the foregoing, (i) with respect to
any Participant the Committee may in its sole discretion substitute within the
applicable time frame described in Section 3 below a percentage smaller than
0.75% for purposes of this definition, and (ii) in no event shall the amount
awarded under the Plan for any Participant on account of any Fiscal Year exceed
$12,000,000.&nbsp; </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
   <font size="3">(i)&nbsp; &quot;Incentive Bonus&quot; shall mean, for each Participant, a bonus to be paid
under the Plan in the amount determined by the Committee pursuant to
Sections&nbsp;5 and 6 below.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify;page-break-after:auto; text-indent:0.5in'>
   <font size="3">(j)&nbsp; &quot;Operating Income&quot; shall mean, for any Fiscal Quarter or Fiscal Year,
the Operating Income reported in the Company's quarterly or annual earnings
release, as applicable.&nbsp;&nbsp; In the event that the Company's earnings release with
respect to any Fiscal Year is delayed beyond March 15 of the next following
year, Operating Income and Adjusted Operating Income for such Fiscal Year shall
be determined in good faith by the Committee.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp; &quot;Participant&quot; shall mean, with respect to any Performance Period, an
Eligible Executive who is designated as a Participant in the Plan for such Performance
Period in accordance with Section 3.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp; &quot;Performance Period&quot; shall mean a Fiscal Year or any other period
designated by the Committee with respect to which an award is granted under the
Plan.&nbsp; In the event the Committee determines that an individual is first
eligible for the Plan after the first day of a Fiscal Year because of
commencement of employment or promotion, the first Performance Period for such
individual shall commence on the first day of the Fiscal Quarter coinciding
with or next following the day on which such individual first becomes eligible
for the Plan.&nbsp; </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp; &quot;Regulations&quot; shall mean the Treasury Regulations promulgated under the
Code, as amended from time to time. </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">&nbsp;2.<b><i>&nbsp; Administration of the Plan.</i></b> The Plan shall be administered
by the Committee, which shall have full authority to interpret the Plan, to
establish rules and regulations relating to the operation of the Plan, to
select Participants, to determine the amount of any Incentive Bonus, and to
make all determinations and take all other actions necessary or appropriate for
the proper administration of the Plan. The Committee's interpretation of the
Plan, and all actions taken within the scope of its authority, shall be final
and binding on the Company, its stockholders, Participants, employees, former
employees, and their respective successors and assigns. Such authority shall
include the right to exercise discretion to reduce, at any time prior to the
payment thereof, the Incentive Bonus payable to any Participant to any amount,
including zero, that is below the Formula Bonus; provided, however, that the
exercise of such discretion with respect to any Participant shall not have the
effect of increasing the Incentive Bonus payable to any other Participant.&nbsp;&nbsp;
Decisions of the Committee shall be final, conclusive and binding on all
persons or entities, including the Company, its subsidiaries, any Participant
and any person claiming any benefit or right under the Plan.&nbsp; No member of the
Committee shall be eligible to participate in the Plan.</font>   </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">&nbsp;3.<b><i>&nbsp; Participation and Performance Goals.</i></b>&nbsp;&nbsp; Not later than the
Applicable Deadline with respect to a Performance Period, the Committee shall
(a) designate the Eligible Employees who are Participants in the Plan for such Performance
Period, and (b) affirm, in writing, the formula governing each such
Participant's Formula Bonus for such Performance Period.&nbsp; The &quot;Applicable
Deadline&quot; shall mean the 90<sup>th</sup> day of the Performance Period;
provided, however, that in the event that the Committee determines that an
individual is eligible for the Plan after the end of such 90 day period because
of commencement of employment or promotion resulting in the individual's
becoming an Executive during the Performance Period, the Applicable Deadline
shall mean 30 days following such determination (or, if earlier, prior to the
expiration of 25% of the performance period to which such bonus will relate).</font>   </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">&nbsp;4.<b><i>&nbsp; Committee Certification.</i></b> As soon as reasonably practicable
after the end of each Performance Period of the Company, but in no event later
than March 15 following the end of such Performance Period, the Committee shall
certify, in writing, the level of Adjusted Operating Income achieved for such Performance
Period and the dollar amount of the Formula Bonus for each Participant in the
Plan for such Performance Period. </font>    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">&nbsp;5.<b><i>&nbsp; Determination of Incentive Bonus Amount.</i></b>&nbsp;&nbsp; At any time
before an Incentive Bonus for a Performance Period is paid, the Committee may,
in its sole discretion and taking into consideration such factors as it deems
appropriate (which may include the degree to which objective and subjective
performance goals and other criteria have been attained for such Performance
Period), determine to pay a Participant an Incentive Bonus that is less than
the Formula Bonus, or to pay no Incentive Bonus. The amount by which any
Formula Bonus is reduced shall not be paid to any other Participant.&nbsp;
</font>    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.&nbsp; <b><i>Payment of Incentive Bonus.&nbsp; </i></b>An Incentive Bonus shall be
paid in either cash, unrestricted or restricted shares of Company stock (which
may be provided under a shareholder-approved stock plan of the Company, subject
to the terms and conditions of such plan or program), or a combination of the
foregoing.&nbsp; The payment of an Incentive Bonus shall be made at such time as the
Committee determines in its sole discretion, which shall in no event later than
March 15 following the Performance Period to which such Incentive Bonus relates
unless the Committee, in its sole discretion, provides for the deferral of an
Incentive Bonus under a nonqualified deferred compensation program maintained
by the Company, subject to the terms and conditions of such plan or program.&nbsp;
</font>    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.<b><i>&nbsp; No Right to Bonus or Continued Employment.</i></b> Neither the
establishment of the Plan, the provision for or payment of any amounts
hereunder, nor any action of the Company, the Board or the Committee with
respect to the Plan shall be held or construed to confer upon any person
(a)&nbsp;any legal right to receive, or any interest in, an Incentive Bonus or
any other benefit under the Plan or (b)&nbsp;any legal right to continue to
serve as an officer or employee of the Company or any subsidiary or affiliate
of the Company. The Company expressly reserves any and all rights to discharge
any Participant without incurring liability to any person under the Plan or
otherwise. Notwithstanding any other provision hereof and notwithstanding the
fact that the stated performance goal has been achieved or the individual
Incentive Bonus amounts have been determined, the Company shall have no
obligation to pay any Incentive Bonus hereunder unless the Committee otherwise
expressly provides by written contract or other written commitment.</font>   </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.<b><i>&nbsp; Withholding.</i></b> The Company shall have the right to withhold,
or require a Participant to remit to the Company, an amount sufficient to
satisfy any applicable federal, state, local or foreign withholding tax
requirements imposed with respect to the payment of any Incentive Bonus. </font>
    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.<b><i>&nbsp; Nontransferability.</i></b> Except as expressly provided by the
Committee, the rights and benefits under the Plan are personal to the
Participant and shall not be subject to any voluntary or involuntary
alienation, assignment, pledge, transfer or other disposition. </font>    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">10.<b><i>&nbsp; Unfunded Plan.</i></b> The Company shall have no obligation to
reserve or otherwise fund in advance any amounts that are or may in the future
become payable under the Plan. Any funds that the Company, acting in its sole
and absolute discretion, determines to reserve for future payments under the
Plan may be commingled with other funds of the Company and need not in any way
be segregated from other assets or funds held by the Company. A Participant's
rights to payment under the Plan shall be limited to those of a general
creditor of the Company. </font>    </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">11.<b><i>&nbsp; Repayment/Forfeiture of Incentive Bonus</i></b>.&nbsp; If the Company,
as a result of misconduct, is required to prepare an accounting restatement due
to material noncompliance with any financial reporting requirement under the
securities laws, then (a) any Participant whose Incentive Bonus is subject to
automatic forfeiture due to such misconduct and restatement under Section 304
of the Sarbanes-Oxley Act of 2002, and (b) any Participant who the Committee
determines either knowingly engaged in or failed to prevent the misconduct, or
whose actions or in actions with respect to the misconduct and restatement
constituted gross negligence, shall be required to reimburse the Company the
amount of any payment of any Incentive Bonus earned or accrued during the
twelve month period following the first public issuance or filing with the SEC
(whichever first occurred) of the financial document embodying such financial
reporting requirement.&nbsp; To the extent such Incentive Bonus was deferred under a
nonqualified deferred compensation plan maintained by the Company rather than
paid to the Participant, the amount of bonus deferred (and any earnings
thereon) shall be forfeited. </font>    </h1>

<p class=MsoNormal    style='margin-left:0in; text-indent:0.5in'>
<font size="3">12.<b><i>&nbsp; Adoption, Amendment, Suspension and Termination of the Plan.</i></b>
</font>
</h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">(a)&nbsp; Subject to the approval of the Plan by the Company's stockholders, the
Plan shall be effective January&nbsp;1, 2007 and shall continue in effect until
terminated as provided below. Upon such approval of the Plan by the Company's
stockholders, all Incentive Bonuses awarded under the Plan on or after January
1, 2007 shall be fully effective as if the stockholders had approved the Plan
on or before January 1, 2007.&nbsp; If the Plan is not approved by stockholders at
the Company's 2007 Annual Meeting of Stockholders, the Plan and any awards
granted under the Plan shall be null and void and of no effect.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0.5in'>
   <font size="3">(b)&nbsp; Subject to the limitations set forth in paragraph (c) below, the Board
may at any time suspend or terminate the Plan and may amend it from time to
time in such respects as the Board may deem advisable, subject to any
requirement for stockholder approval imposed by applicable law, including
Section 162(m) of the Code.</font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; No amendment, suspension or termination of the Plan shall, without the
consent of the person affected thereby, materially, adversely alter or impair
any rights or obligations under any Incentive Bonus previously awarded under
the Plan. </font>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp; <b><i>Section 162(m).&nbsp; </i></b>If any provision of this Plan would cause
an Incentive Bonus not to constitute &quot;qualified performance-based compensation&quot;
under Section 162(m) of the Code, that provision shall be severed from, and
shall be deemed not to be a part of, the Plan, but the other provisions hereof
shall remain in full force and effect. It is intended that this Plan and all Incentive
Bonuses hereunder be administered in a manner that will comply with Section
409A of the Code, including proposed, temporary or final Regulations or any
other guidance issued by the Secretary of the Treasury and the Internal Revenue
Service with respect thereto. The Committee is authorized to adopt rules or
regulation deemed necessary or appropriate to qualify for an exception from or
to comply with the requirements of Section 409A of the Code.</font>   </h1>

<p class=MsoNormal    style='margin-left:0in;text-align:justify; text-indent:0in'>
   <font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.<b><i>&nbsp; Governing Law.</i></b> The validity, interpretation and effect of
the Plan, and the rights of all persons hereunder, shall be governed by and
determined in accordance with the laws of the State of Michigan, other than the
choice of law rules thereof. </font>    </h1>



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