0001121788-04-000033 Sample Contracts

GARMIN LTD. 2000 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT (Nonqualified Stock Option) FOR EMPLOYEES OF GARMIN INTERNATIONAL, INC.
Stock Option Agreement • September 7th, 2004 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

Garmin Ltd., (the “Company”), grants to ____________________, an option (the “Option”) to purchase that number of the Company’s common shares, $ 0.01 par value per share (“Shares”), set forth below, all subject to the terms and conditions, in the attached Exhibit A and in the Garmin Ltd. 2000 Equity Incentive Plan, as may from time to time be amended (the “Plan”), a copy of which is attached. Please refer to the Plan documents for definitions of terms used in this Agreement and Exhibit A.

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GARMIN LTD.2000 NON-EMPLOYEE DIRECTORS’ OPTION PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • September 7th, 2004 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

Garmin Ltd., (the “Company”), grants to __________________, an option (the “Option”) to purchase that number of the Company’s common shares, $0.01 par value per share (“Shares”), all subject to the terms and conditions, in the attached Exhibit A and in the Garmin Ltd. 2000 Non-Employee Directors’ Option Plan, as may from time to time be amended (the “Plan”), a copy of which is attached. Please refer to the Plan documents for definitions of terms used in this Agreement and Exhibit A.

GARMIN LTD. 2000 EQUITY INCENTIVE PLAN — UK APPENDIX UK-APPROVED STOCK OPTION STOCK OPTION AGREEMENT
Stock Option Agreement • September 7th, 2004 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

Garmin Ltd. (the “Company”) grants to _________________________ an option (the “Option”) to purchase that number of the Company’s common shares set forth below, US$ 0.01 par value per share (“Shares”), subject to the terms and conditions in the attached Exhibit A and in the Garmin Ltd. 2000 Equity Incentive Plan — UK Appendix as may from time-to-time be amended (the “UK Appendix”), a copy of which is attached. Please refer to the UK Appendix for definitions of terms used in this Agreement and Exhibit A.

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