EX-10.7 8 grmn-ex10_7.htm EX-10.7 EX-10.7

 

展示10.7

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

(業績ベースと期間ベースのベスティング)

(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。”)

授与日: _______________________

パフォーマンス年： _______________________

RSUの対象となる株式の合計： _______________________（「適格株”)
 

「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Garmin Ltd. 2005年の株式報酬計画の条件と規定に基づき、2024年10月25日に改定・再発行されたものに従ってプラン）およびガーミン社との賞与契約（"会社従って、この付録Aに添付された書類に基づき、本通知書、付録Aおよび付録bに規定された適用条件を満たした場合、会社は以下のように株を支払うことに同意します:

•
本契約に基づいて発行できる株式数は、適格株式の割合（別紙Bに記載されているように、0％から100％以上の範囲）です。発行対象となる適格株式の割合（もしあれば）（獲得株式」）は、事前に設定された1つ以上の業績目標の達成度に基づいています（」パフォーマンス目標」）上記の「業績年度」の見出しの反対側に記載されている会社の会計年度と、そのような各目標に適用される加重率について。各目標の業績目標と適用される加重率は、本契約の別紙bに定められ、説明されています。
•
会社の報酬委員会の会議で、パフォーマンスイヤーの終了後（「認定日」と呼ばれる日）に、報酬委員会は達成されたパフォーマンスレベルを評価し、目標の達成を認定します。認証日会社の報酬委員会は、目標の達成を認定する際、達成レベルを評価します。
•
獲得した株式は、認定日から30日以内に開始する3回の均等割で発行され、それぞれの記念日に従います。ただし、それらの日に会社に雇用されている場合に限ります。

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『別紙A』として添付されていますので、計画書とこの文書を注意深くお読みください。この契約で使用されている大文字で定義されていない用語の定義については、計画書を参照してください。

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これらのRSUを適切に受け入れるには、「承諾」ボタンをクリックする必要があります。受諾は、この通知および授与契約を受け取ってから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、Exhibits Aおよびbに拘束されることに同意することにも同意しています。 Exhibit Aのセクション7に規定された制限的契約も含まれます。.

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

 

受取人:__________________________

 

日付：______________________

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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」
(a)
獲得株式の計算上記の授与日付時点で、会社はここに規定された条件と計画に基づき、（i）対象株式および（ii）セクション3に基づいて算出された「累積ベスティング割合」の積である「獲得株式」を受け取る機会を提供します。このセクション2(a)の適用により、獲得株式が小数点となった場合、獲得株式の数は最寄りの整数の株式に切り上げられます。
(b)
取得した株式のベスティングおよび引き渡し会社またはその子会社に雇用されており（付与日以降のすべての時間）、3または4のセクションに基づいて獲得した株式の受領権が喪失されていない限り、（第13項に準拠）獲得株式の1/3は、認定日（付与通知書に定義された通り）から30日以内にお支払いいたします。獲得した株式の1/3は、認定日の初年度にお支払いいたします。また、獲得した株式の1/3は、認定日の2年目にお支払いいたします。認定日の初年度または2年目が土曜日や日曜日、またはその他の非営業日である場合、該当する日に支払われる株式は、翌営業日に支払われます。
第3条
割り当てられたベスティング割合の計算；未獲得株の没収

修正オファーの「全セクターの連動分割率”は、展示物bに示されているパフォーマンスイヤーの各達成目標の個々の分割率の合計です。連動分割率が100％未満であるため、全株主申込み株が獲得株にならない場合、認証日をもって即座に喪失されます。

第4条
所属終了の影響

会社による正当な理由（この第4項で定義されている）または無い理由による会社による解雇、自発的な辞任、死亡、または障害を含む、いかなる理由であれ、所属の終了があった場合、RSU全セクターまたはその一部に対するその所属の終了の影響は以下の通りです。

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(a)
認定日以降、死亡または障害による所属の終了があった場合、直前に失効可能だったすべての獲得株は失効しなくなり、会社は速やかにあなたに対して（またはあなたの死後にあなたの代理人または指定受益者に対して）残りの獲得株の合計数に等しい無制限の株数を引き渡すことで、すべての獲得株を決済します。
(b)
もしあなたが認定日前に死亡または障害による所属の終了がある場合、認定日の翌30日以内に、会社はあなたの口座に入る予定だった、しかし死亡または障害がなかった場合に獲得シェアとなるはずだった有資格株式数を決済します。
(c)
認定日以降、その期間中に提携が解除された場合（」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（提携の終了が当社または子会社が正当な理由によらず行うか、譲受人が正当な理由で開始する）場合、そのような提携の終了時に没収可能だった獲得株式は、その後没収できなくなり、当社は、お客様に引き渡すことですべての獲得株式を直ちに決済するものとします制限なし株式の数は、残りの獲得株式の総数と同じです。
(d)
If you have a Termination of Affiliation before the Certification Date and during the Change of Control Period, which Termination of Affiliation is initiated by the Company or a Subsidiary other than for Cause, or initiated by the Grantee for Good Reason, then all of your Eligible Shares that would have become Earned Shares as of the Certification Date but for such Termination of Affiliation shall thereupon become Earned Shares and non-forfeitable and the Company shall within 30 days of the Certification Date settle all such Earned Shares by delivery to you a number of unrestricted Shares equal to the aggregate number of your Earned Shares;
(e)
If you have a Termination of Affiliation for Cause or for any reason other than for (i) death or Disability or (ii) under the circumstances described above in Section 4(c) or (d), then your Eligible Shares (to the extent such Termination of Affiliation occurs before the Certification Date) or your Earned Shares (to the extent such Termination of Affiliation occurs after the Certification Date), to the extent forfeitable immediately before such Termination of Affiliation, shall thereupon automatically be forfeited and you shall have no further rights under this Award Agreement.
(f)
Notwithstanding the definition of “Cause” set forth in the Plan, for purposes of this Award Agreement, the term “Cause” means, without in any way limiting its definition under common law (which is expressly included in this definition), any improper conduct by you which is materially detrimental to the Company or any Subsidiary including, but not limited to:
1.
Your conviction of, or a plea of guilty to, any indictable offence or other crime that involves fraud, dishonesty or moral turpitude;

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2.
Any willful action or omission by you which would constitute grounds for immediate dismissal under the employment policies of the Company or the Subsidiary by which you are employed, including but not limited to intoxication with alcohol or illegal drugs while on the premises on the Company or any Subsidiary, or any violation of applicable sexual harassment laws or the internal sexual harassment policy of the Company or the Subsidiary by which you are employed;
3.
Your habitual neglect of duties, including but not limited to, repeated unauthorized absences from work without reasonable excuse; or
4.
Your willful or intentional material misconduct in the performance of your duties that results in financial detriment to the Company or any Subsidiary.
Section 5.
Investment Intent

The Grantee agrees that the Shares acquired pursuant to the vesting of one or more tranches of Earned Shares shall be acquired for his/her own account for investment only and not with a view to, or for resale in connection with, any distribution or public offering thereof within the meaning of the Securities Act of 1933 (the “1933 Act”) or other applicable securities laws. If the Board so determines, any share certificates issued pursuant to this Award Agreement shall bear a legend to the effect that the Shares have been so acquired. The Company may, but in no event shall be required to, bear any expenses of complying with the 1933 Act, other applicable securities laws or the rules and regulations of any national securities exchange or other regulatory authority in connection with the registration, qualification, or transfer, as the case may be, of this Award Agreement or any Shares acquired hereunder. The foregoing restrictions on the transfer of the Shares shall be inoperative if (a) the Company previously shall have been furnished with an opinion of counsel, satisfactory to it, to the effect that such transfer will not involve any violation of the 1933 Act and other applicable securities laws or (b) the Shares shall have been duly registered in compliance with the 1933 Act and other applicable state or federal securities laws. If this Award Agreement, or the Shares subject to this Award Agreement, are so registered under the 1933 Act, the Grantee agrees that he will not make a public offering of the said Shares except on a national securities exchange on which the shares of the Company are then listed.

The Grantee also acknowledges and agrees that the Shares acquired pursuant to the vesting of one or more tranches of Earned Shares 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 exemptions under applicable securities legislation and regulatory policy and compliance with the other requirements of applicable law.

Section 6.
Non-transferability of RSUs, Eligible Shares and Earned Shares

No rights under this Award Agreement relating to the RSUs or any undelivered Eligible Shares or Earned Shares 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 or any undelivered Eligible Shares or Earned Shares granted to the Grantee shall be available during his or her lifetime only to the Grantee.

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Section 7.
Restrictive Covenants

To the extent permitted by applicable law, as a condition of this Award Agreement, the Grantee's right to the RSUs or any Eligible Shares or Earned Shares, 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)
Non-disclosure 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 7(a).
(b)
Non-competition. 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:
1.
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
2.
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 of any Subsidiary intends to conduct business).

Nothing in this Section 7(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.

(c)
Non-interference. 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.

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(d)
Non-solicitation. 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 7(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 7) 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 7, 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 Earned Shares 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 Earned Shares (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

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incurred in terminating this Award Agreement and recovering such Shares and proceeds.
Section 8.
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 or any undelivered Eligible Shares or Earned Shares, and (ii) does not have nor may he or she exercise any voting rights with respect to any of the RSUs or any undelivered Eligible Shares or Earned Shares, in both cases (i) and (ii) above, unless and until the actual Shares underlying any Earned Shares have been delivered pursuant to this Award Agreement.

Section 9.
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 10.
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 11.
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 12.
Board Authority

Any questions concerning the interpretation of this Award Agreement, any adjustments required to be made under Sections 10 or 11 of this Award Agreement, and any controversy which arises under this Award Agreement shall be settled by the Board in its sole discretion.

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Section 13.
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 any of the Earned Shares are delivered to you pursuant to this Award Agreement, the Company will be obligated to pay withholding on your 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 Shares 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 Shares to you. If the Company reduces the number of Shares deliverable to you and less than the full value of a Share 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 Share.

Section 14.
Notice

Whenever any notice is required or permitted hereunder, such notice must be given in writing Any notice required or permitted to be delivered hereunder shall be effective upon receipt thereof by the addressee 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 14.

 

Section 15.
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 7 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 16.
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 17.
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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EXHIBIT B

[PERFORMANCE GOALS AND WEIGHTING PERCENTAGE]

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