EX-10.3

EX-10.3 4 grmn-ex10_3.htm EX-10.3 EX-10.3

展示 10.3

ガーミン株式会社
2005年の株式インセンティブプラン

2024年10月25日に修正および改訂されました
株式制限付ユニット配分契約書

(カナダの助成金受給者の方へ)

宛先：_______________________ (“あなたにランブルGranteeは、本計画で表彰された従業員、取締役、またはコンサルタントを意味します。”)

付与日： _______________________

「通知書」とは、個別の受賞の条件を示す書面です。通知書は受賞契約の一部です。:

ガーミン社の株式、株式1株当たりのUSD $0.10に関連する制限付き株式ユニット（"RSUガーミン株の1株当たりの名目額がUSD $0.10である登録株式に関する株式ガーミン株2005年社員持株会社インセンティブプランの条件に従うものであり、2024年10月25日に改正および再発行されたものである（プラン）およびガーミン社との賞与契約（"会社同封の付録Aとして添付されています。したがって、この補助書と付録Aに規定された条件を満たす場合、会社は以下のようにシェアを支払うことに同意します。


授与RSUの数	支払い日	受取人がなければならない日付受賞を受けるために雇用される

株式	__________, 20__	______________, 20__
株式	__________, 20__	______________, 20__
株式	__________, 20__	______________, 20__

プラン（添付されているコピー）および賞与契約書（以下、「賞与契約書」といいます）の下でのあなたの権利を完全に理解するために、プランおよびこの文書を注意深くお読みいただくことをお勧めします。この契約で使用されている大文字で表記された用語の定義については、プラン文書を参照してください。授与契約書Exhibit Aとして添付された賞与契約書（以下「契約書」とします）を注意してお読みください。

これらのRSUを適切に受け入れるには、「受諾」ボタンをクリックする必要があります。受諾は、この通知と受賞契約の受領後10日以内に電子的に行われます。これらのRSUを受け入れることで、展示Aに拘束されることに同意することにも同意しています。展示Aのセクション6にある制約規定も含まれます.

ガーミン

署名:

名前：クリフトン・A・ペンブル

タイトル: 社長兼最高経営責任者

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EXHIBIT A

契約：

この契約書に含まれる相互の約束と契約、およびGranteeがCompanyに支払ったその他の良い価値ある対価を考慮して、GranteeとCompanyは以下の通り合意する。

セクション1。

プランの組込み

本協定の全セクター条項と当該被授与者の権利は、計画の条項および取締役会の権限の全セクターに準拠します。この協定で使用される大文字の用語は定義されていないものがある場合、計画に記載された意味を持ちます。

セクション2。

管理者は、選択した対象者に対して、制限株式ユニットの授与を認めることができ、その数量や条件などは管理者が決定するものとします。

上記の付与日現在、当社は、本契約および本プランに記載されている条件に従い、付与通知の「付与されたRSUの数」という見出しの下に記載されている数の無制限株式を受け取る機会をお客様に付与します（RSU」)。あなたが会社または子会社に雇用されていて（付与日からずっと雇用されており）、以下のセクション3に従ってRSUを受け取る権利が失効していない限り、（下記のセクション12に従い）、付与通知の「支払期日」の見出しの下に記載されている上記の日付に、残りのRSUの総数に等しい数の無制限株式が支払われます。「支払日」の日付が土曜日または日曜日、またはその他の非営業日の場合、その日に支払われる株式は翌営業日にお支払いされます。

第3条

所属終了の影響

組織の終了が会社による事由（以下のセクション3に定義されたとおりのCauseを有するかないかにかかわらず）自発的な辞任、死亡、または障害を含む、理由を問わず発生した場合、すべてまたはRSUsの一部に対するその終了の影響は以下に定められています。

(a)

死亡又は障害による所属終了の場合、その前に没収可能であったRSUsは即座に没収不可となり、会社は速やかに、あなた（又は死後の場合はあなたの代表者若しくは指定受益者）に引き渡すことにより全払いいたします。その際、または残存していたRSUsの合計数に等しい制限のない株式を。

(b)

その期間中に提携が終了した場合（」管理期間の変更」）支配権の変更から始まり、支配権変更の1周年に終了する（提携の解約が当社または子会社が正当な理由によらず開始する）場合、没収されたお客様のRSUは没収不可となり、会社は合計数に等しい数の無制限株式をお客様に引き渡すことにより、直ちにすべてのRSUを決済するものとします。残りのRSUの;

(c)

Causeまたは死亡または障がい以外の理由による所属の終了またはその他の理由による場合、または3(b)の上で直ちに記載されている状況の下で、RSUが、

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履行終了直前に即座に放棄可能な範囲は、それ以降自動的に放棄され、本賞与契約に基づくさらなる権利は発生しません。

(d)

この賞与契約においては、「原因」の定義にかかわらず、」『プラン』に規定されている「原因」は、一般法におけるその定義を限定するものではありませんが（この定義に明示的に含まれている）、会社または関連会社に害を及ぼす可能性のある不適切な行為を含みますが、これらに限定されません。

詐欺、不正行為、道徳的堕落を含む任意の起訴可能な犯罪に対する有罪判決または有罪を認めた場合;

会社または子会社の雇用規則において、直ちに解雇の理由となる行動や怠慢、アルコールや違法薬物による酔っ払い、会社または子会社の施設内での性的嫌がらせ行為の違反、または雇用された会社または子会社の内部性的嫌がらせポリシーの違反などが含まれます。

仕事を理由もなく繰り返し欠勤するなど、義務を怠ることが習慣化しています。

会社またはその子会社に財務的損失をもたらす、職務の故意または過失による行為。

第4条

投資意図

受領者は、1つまたは複数のRSUの分割売却に基づいて取得された株式を、自己の口座に投資目的で取得し、証券法（1933年の「証券法」）の意味において、いかなる配布または公開募集のためにも再販売することはないことに同意します。1933年証券法取引所またはその他該当する証券法に基づいて。「Award Agreement」に基づいて発行される株式証券には、該当株式が取得されたことを示すレジェンドが記載される場合があります。会社は、1933年法、その他該当する証券法、登録、資格付与、または譲渡に関連した国内証券取引所またはその他規制当局の規則および規制に準拠するための費用を負担することができますが、いかなる場合においてもそのような負担を要求されることはありません。「Award Agreement」または本契約に基づいて取得される株式について、(a)会社に対して、その後の株式の譲渡が1933年法やその他該当する証券法の違反を引き起こさないという助言書が提供されている場合、および(b)株式が1933年法および州または連邦の該当する証券法に準拠して適切に登録されている場合は、「株式」の譲渡に関する前述の制限は無効になります。この「Award Agreement」または「Award Agreement」の対象となる株式が1933年法に従って登録されている場合、受取人は、当該株式を国内証券取引所でのみ一般に公開することを合意します。その際、一般の場で会社の普通株式が上場されている国内証券取引所でのみ行います。

The Grantee also acknowledges and agrees that the Shares acquired pursuant to the vesting of one or more tranches of RSUs will not be able to be transferred or resold in Canada pursuant to the securities legislation of the Provinces and Territories of Canada except in accordance with limited

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exemptions under applicable securities legislation and regulatory policy and compliance with the other requirements of applicable law.

Section 5.

Nontransferability of RSUs

No rights under this Award Agreement relating to the RSUs may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, including, unless specifically approved by the Company, any purported transfer to a current spouse or former spouse in connection with a legal separation or divorce proceeding. All rights with respect to the RSUs granted to the Grantee shall be available during his or her lifetime only to the Grantee.

Section 6.

Restrictive Covenants

As a condition of this Award Agreement, the Grantee's right to the RSUs, and in addition to any restrictive agreements the Grantee may have entered into with the Company, the Grantee accepts and agrees to be bound as follows:

(a)

Nondisclosure of Award Agreement Terms. The Grantee agrees not to disclose or cause to be disclosed at any time, nor authorize anyone to disclose any information concerning this Award Agreement except (i) as required by law, or (ii) to the Grantee's legal and financial advisors who agree to be bound by this Paragraph 6(a).

(b)

Noncompetition. During the Grantee's employment and until one year after the Grantee ceases being employed by or acting as a consultant or independent contractor to the Company or any Subsidiary, the Grantee will not, directly or indirectly, own, manage, operate or control, or participate in the ownership, management, operation or control of, or be connected with or have any interest in (whether as a shareholder, partner, member, director, officer, employee, agent, consultant, or in any other capacity) any company or organization with activities, products or services involving:

Personal and team activity monitoring systems, including speed, distance and cadence monitoring systems, motion analysis systems and associated watch displays and other displays and heart rate monitoring systems and associated watch displays and other displays and prosthetics monitoring and control systems; or

Wireless communications systems and protocols designed for low power applications;

in any province, state or country in which the Company or any Subsidiary conducts business (or, to the knowledge of the Grantee any additional location in which the Company or any Subsidiary intends to conduct business).

Nothing in this Section 6(b) shall, however, restrict the Grantee from making an investment in and owning up to one-percent (1%) of the common stock of any company whose stock is listed on a national securities exchange or actively traded in an over-the-counter market; provided that such investment does not give the Grantee the right or ability to control or influence the policy decisions of any direct competitor of the Company or a Subsidiary.

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(c)

Noninterference. During the Grantee's employment and until one year after the Grantee ceases being employed by or acting as a consultant or independent contractor to the Company or any Subsidiary, the Grantee will not, either directly or indirectly through another business or person, solicit, entice away, or otherwise interfere with any employee, customer, prospective customer, vendor, prospective vendor, supplier or other similar business relation or (to the Grantee's knowledge) prospective business relation of the Company or any Subsidiary.

(d)

Nonsolicitation. During the Grantee's employment and until one year after the Grantee ceases being employed by or acting as a consultant or independent contractor to the Company or any Subsidiary, the Grantee will not, either directly or indirectly through another business or person, hire, recruit, employ, or attempt to hire, recruit or employ, or facilitate any such acts by others, any person then currently employed by the Company or any Subsidiary.

(e)

Confidentiality. The Grantee acknowledges that it is the policy of the Company and its Subsidiaries to maintain as secret and confidential all valuable and unique information and techniques acquired, developed or used by the Company and its subsidiaries relating to their businesses, operations, employees and customers (“Confidential Information”). The Grantee recognizes that the Confidential Information is the sole and exclusive property of the Company and its subsidiaries, and that disclosure of Confidential Information would cause damage to the Company and its subsidiaries. The Grantee shall not at any time disclose or authorize anyone else to disclose any Confidential Information or proprietary information that (A) is disclosed to or known by the Grantee as a result or as a consequence of or through the Grantee's performance of services for the Company or any Subsidiary, (B) is not publicly or generally known outside the Company and (C) relates in any manner to the Company's business. This obligation will continue even though the Grantee's employment with the Company or a Subsidiary may have terminated. This paragraph 6(e) shall apply in addition to, and not in derogation of any other confidentiality agreements that may exist, now or in the future, between the Grantee and the Company or any Subsidiary.

(f)

No Detrimental Communications. The Grantee agrees not to disclose or cause to be disclosed at any time any untrue, negative, adverse or derogatory comments or information about the Company or any Subsidiary, about any product or service provided by the Company or any Subsidiary, or about prospects for the future of the Company or any Subsidiary.

(g)

Remedy. The Grantee acknowledges the consideration provided herein (absent the Grantee's agreement to this Section 6) is more than the Company is obligated to pay, and the Grantee further acknowledges that irreparable harm would result from any breach of this Section and monetary damages would not provide adequate relief or remedy. Accordingly, the Grantee specifically agrees that, if the Grantee breaches any of the Grantee's obligations under this Section 6, the Company and any Subsidiary shall be entitled to injunctive relief therefor, and in particular, without limiting the generality of the foregoing, neither the Company nor any Subsidiary shall be precluded from pursuing any and all remedies they may have at law or in equity for breach of such obligations. In addition, this Award Agreement and all of Grantee's right hereunder shall terminate immediately the first date on which the Grantee engages in such activity and the Board shall be entitled on or after the first date on which the Grantee engages in such activity to require the Grantee to return any Shares obtained by the Grantee's upon vesting of any RSUs to the Company and to require the Grantee to repay any proceeds received at any time from the sale of Shares obtained by the Grantee pursuant to the vesting of any RSUs (plus interest on such amount from the date received at a rate equal to the prime lending rate as announced from time to time in The Wall Street Journal) and to recover all reasonable attorneys' fees and expenses incurred in terminating this Award Agreement and recovering such Shares and proceeds.

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Section 7.

Status of the Grantee

The Grantee shall not be deemed a shareholder of the Company with respect to any of the Shares subject to this Award Agreement until such time as the underlying Shares shall have been issued to him or her. The Company shall not be required to issue or transfer any certificates for Shares pursuant to this Award Agreement until all applicable requirements of law have been complied with and such Shares shall have been duly listed on any securities exchange on which the Shares may then be listed. Grantee (i) is not entitled to receive any dividends or dividend equivalents, whether such dividends would be paid in cash or in kind, or receive any other distributions made with respect to the RSUs and (ii) does not have nor may he or she exercise any voting rights with respect to any of the RSUs, in both cases (i) and (ii) above, unless and until the actual Shares underlying the RSUs have been delivered pursuant to this Award Agreement.

Section 8.

No Effect on Capital Structure

This Award Agreement shall not affect the right of the Company to reclassify, recapitalize or otherwise change its capital or debt structure or to merge, consolidate, convey any or all of its assets, dissolve, liquidate, windup, or otherwise reorganize.

Section 9.

Adjustments

Notwithstanding any provision herein to the contrary, in the event of any change in the number of outstanding Shares effected without receipt of consideration therefor by the Company, by reason of a merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, stock split, share combination or other change in the corporate structure of the Company affecting the Shares, the aggregate number and class of Shares subject to this Award Agreement shall be automatically adjusted to accurately and equitably reflect the effect thereon of such change; provided, however, that any fractional share resulting from such adjustment shall be eliminated. In the event of a dispute concerning such adjustment, the decision of the Board shall be conclusive.

Section 10.

Amendments

This Award Agreement may be amended only by a writing executed by the Company and the Grantee which specifically states that it is amending this Award Agreement; provided that this Award Agreement is subject to the power of the Board to amend the Plan as provided therein. Except as otherwise provided in the Plan, no such amendment shall materially adversely affect the Grantee's rights under this Award Agreement without the Grantee's consent.

Section 11.

Board Authority

Any questions concerning the interpretation of this Award Agreement, any adjustments required to be made under Sections 9 or 10 of this Award Agreement, and any controversy which arises under this Award Agreement shall be settled by the Board in its sole discretion.

Section 12.

Withholding

Notwithstanding Article 14 of the Plan, this Section 12 will apply to the Company's withholding obligations related to this Award Agreement. At the time the RSUs are delivered to you pursuant to this Award Agreement, the Company will be obligated to pay withholding taxes on your

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behalf. Accordingly, and at the Company's discretion, such Federal, Provincial, local or foreign withholding tax requirements may be satisfied by you providing specific written authorization to deduct, from any earnings owed or accruing to you, the appropriate sum of money required for such withholding or remittance or, at the Company's discretion, such withholdings may be satisfied by reducing the number of RSUs delivered to you. In the event of your neglect or refusal to provide the Company with your personal authorization in writing to deduct the appropriate withholdings from your earnings, the Company shall have no obligation to deliver the relevant RSUs to you. If the Company reduces the number of RSUs deliverable to you and less than the full value of an RSU is needed to satisfy any applicable withholding taxes, the Company will distribute to you the value of the remaining fractional share in cash in an amount equal to the Fair Market Value of a Share as of the Settlement Date multiplied by the remaining fractional RSU.

Section 13.

Notice

Whenever any notice is required or permitted hereunder, such notice must be given in writing by (a) personal delivery, or (b) expedited, recognized delivery service with proof of delivery, or (c) United States Mail, postage prepaid, certified mail, return receipt requested, or (d) telecopy or email (provided that the telecopy or email is confirmed). Any notice required or permitted to be delivered hereunder shall be deemed to be delivered on the date which it was personally delivered, sent to the intended addressee, or, whether actually received or not, on the third business day after it is deposited in the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address which such person has theretofore specified by written notice delivered in accordance herewith. The Company or the Grantee may change, at any time and from time to time, by written notice to the other, the address specified for receiving notices. Until changed in accordance herewith, the Company's address for receiving notices shall be Garmin Ltd., Attention: General Counsel, Mühlentalstrasse 2, 8200 Schaffhausen, Switzerland. Unless changed, the Grantee's address for receiving notices shall be the last known address of the Grantee on the Company's records. It shall be the Grantee's sole responsibility to notify the Company as to any change in his or her address. Such notification shall be made in accordance with this Section 13.

Section 14.

Severability

If any part of this Award Agreement is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any part of this Award Agreement not declared to be unlawful or invalid. Any part so declared unlawful or invalid shall, if possible, be construed in a manner which gives effect to the terms of such part to the fullest extent possible while remaining lawful and valid. Additionally, if any of the covenants in Section 6 are determined by a court to be unenforceable in whole or in part because of such covenant's duration or geographical or other scope, such court shall have the power to modify the duration or scope of such provision as the case may be, so as to cause such covenant, as so modified, to be enforceable.

Section 15.

Binding Effect

This Award Agreement shall bind, and, except as specifically provided herein, shall inure to the benefit of the respective heirs, legal representatives, successors and assigns of the parties hereto.

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Section 16.

Governing Law

This Award Agreement and the rights of all persons claiming hereunder shall be construed and determined in accordance with the laws of the State of Kansas without giving effect to the principles of the Conflict of Laws to the contrary.

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