GARMIN LTD.Stock Appreciation Rights Agreement • May 8th, 2007 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas
You have been granted freestanding stock appreciation rights ("SARs") related to the common shares, $0.01 par value per share, of Garmin Ltd. ("Shares"), subject to the terms and conditions of the Garmin Ltd. 2005 Equity Incentive Plan (the "Plan") and the SARs Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A, as follows:
