EX-10.4 5 grmn-ex10_4.htm EX-10.4 EX-10.4

 

付録10.4

ガーミン
2005年の株式報酬プラン
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
 

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。”)

授与日： _______________________

「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”）が付与されました。株式Garmin Ltd. 2005年に改訂し再編成された株式インセンティブ計画の条件に従い、承諾条件に従います（"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。
「RSUの付与」

上記の授与日時点で、会社は本書および計画に明記された条件に従い、Grant Notice（「申込通知」という見出しの下で特定された制限のない株式の数を受け取る機会を提供します。お取り扱い株には「本書の第３項に基づいて剥奪されるまで、Date of Grant以降ずっと勤務している（且つ勤務している必要があります）。提供される残りのRSUの合計数に等しい制限のない株式が支払われます」の上で特定された日付の上で。 「Date Payable」という見出しの下の日付が土曜日または日曜日、またはその他の営業日でない場合、その日に支払われる株は翌営業日に支払われます。RSU上記の授与日時点で、会社は本書および計画に明記された条件に従い、Grant Notice（「申込通知」という見出しの下で特定された制限のない株式の数を受け取る機会を提供します。お取り扱い株には「本書の第３項に基づいて剥奪されるまで、Date of Grant以降ずっと勤務している（且つ勤務している必要があります）。提供される残りのRSUの合計数に等しい制限のない株式が支払われます」の上で特定された日付の上で。 「Date Payable」という見出しの下の日付が土曜日または日曜日、またはその他の営業日でない場合、その日に支払われる株は翌営業日に支払われます。

第3条
所属終了の影響

契約の終了が起こった場合、会社による理由の有無にかかわらずの終了、自発的な辞職、死亡、または障害を含む全セクターへの契約終了の影響は以下の通りです。

(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;

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(c)
原因による所属の終了または死亡や障害以外の理由による所属の終了の場合、または3(b)に記載された状況に該当する場合、即時に喪失可能な限り、RSUは自動的に喪失し、本賞与契約に基づくさらなる権利は発生しません。
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年証券法会社は、1933年法、その他の該当する証券法、または本賞与契約またはここで取得された株式の登録、資格、または譲渡に関連する、あらゆる国立証券取引所または他の規制当局の規則と規制に遵守する費用を負担することができますが、いかなる場合でもそのような義務を負わなければなりません。

第5条
RSUの譲渡不可能性

全セクターに関連する本賞与契約に基づくRSUsについての権利は、会社の明示的な承認がない限り、売却、譲渡、担保設定、譲り渡し、その他の処分または負担をしてはならない。現在の配偶者または離婚手続きに関連して前配偶者に譲渡しようとする場合も、特に会社の承認があった場合を除き、これらの権利は全て、被賞与者にのみ生涯に渡って提供されます。

第6条
制限的契約

本授与契約の下でGranteeに付与されたRSUsに鑑み、かつGranteeが当社と締結したその他の制限的契約に加えて、Granteeは本節6に以下に記載された制限的契約に拘束されることを受諾し同意し、これらの制限的契約は、当社およびその子会社の取引秘密、その他の商業上機密情報、および取引先、従業員、その他のビジネス関係を保護する当社の正当なビジネス利益を考慮して公正かつ合理的であることを認識する。Granteeは以下の制限的契約に同意するものとする。

(a)
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 perform executive, managerial, professional, engineering, technical, business development, supply chain or sales services in the United States as an employee, director, officer, consultant, independent contractor or advisor, or invest in, whether in the form of equity or debt, or otherwise have an ownership interest in any company, entity or person that competes with the

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Company in any of its operating segments. The Grantee expressly acknowledges that the Company and its United States Subsidiaries have a nationwide business and customer base in each of its operating segments. The Grantee expressly acknowledges and agrees that a nationwide restriction is reasonable under the circumstances and necessary in order to protect the legitimate business interests of the Company and its United States Subsidiaries. Nothing in this Section 6(a) 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 competitor of the Company or a Subsidiary.
(b)
Non-Solicitation of Customers, Suppliers, Business Partners and Vendors. During the Grantee's employment and until one year after the Grantee ceases being employed by the Company or any Subsidiary, the Grantee will not, either directly or indirectly through another business or person, solicit, or assist others in soliciting or attempting to solicit any customer, prospective customer, vendor, prospective vendor, supplier or business partner of the Company or Subsidiary with whom the Grantee had contact with during the last two years of Grantee’s employment..
(c)
Nonsolicitation of Employees. 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, hire, recruit, employ, or attempt to solicit, hire, recruit or employ, or facilitate any such acts by others, any person then currently employed by the Company or any Subsidiary.
(d)
No Application in Certain States or Jurisdictions. Sections 6(a), 6(b) and 6(c) do not apply to employment in California, Oklahoma or Minnesota or in any other state or jurisdiction where such provisions are prohibited by law.
(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.

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(f)
Remedies. The Grantee acknowledges that irreparable harm would result from any breach of this Section and that monetary damages alone 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. 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 any breach of Grantee’s restrictive covenants in this Section 6.
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 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.

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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

At the time the RSUs are delivered to you pursuant to this Award Agreement, the Company will be obligated to pay withholding and social taxes on your behalf. Accordingly, the Company shall have the power to withhold, or require you to remit to the Company, an amount sufficient to satisfy any such federal, state, local or foreign withholding tax or social tax requirements. At the Company's discretion, withholding may be taken from other compensation payable to you or may be satisfied by reducing the number of RSUs deliverable to you. If the Company elects to reduce 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 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.

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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.

Section 16.
Governing Law and Jurisdiction

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. Except as otherwise provided by mandatory forum requirements of the applicable law, the courts of the State of Kansas shall have exclusive jurisdiction with regard to any disputes under the Plan. The Company shall retain, however, in addition the right to bring any claim in any other appropriate forum.

 

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