0001213900-20-004768 Sample Contracts

GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on June 7, 2019 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting)
Equity Incentive Plan • February 26th, 2020 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

You have been granted restricted stock units (“RSUs”) relating to the shares, CHF 0.10 par value per share, of Garmin Ltd. (“Shares”), subject to the terms and conditions of the Garmin Ltd. 2005 Equity Incentive Plan, as amended and restated on June 7, 2019 (the “Plan”) and the Award Agreement between you and Garmin Ltd. (the “Company”), attached as Exhibit A. Accordingly, based on the satisfaction of the applicable performance-based and time-based vesting conditions set forth in this Notice of Grant, Exhibit A and Exhibit B, the Company agrees to pay you Shares as follows:

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GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on June 7, 2019 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting)
Award Agreement • February 26th, 2020 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

You have been granted restricted stock units (“RSUs”) relating to the registered shares, CHF 0.10 par value per share, of Garmin Ltd. (“Shares”), subject to the terms and conditions of the Garmin Ltd. 2005 Equity Incentive Plan, as amended and restated effective June 7, 2019 (the “Plan”) and the Award Agreement between you and Garmin Ltd. (the “Company”), attached as Exhibit A. Accordingly, based on the satisfaction of the applicable performance-based and time-based vesting conditions set forth in this Notice of Grant, Exhibit A and Exhibit B, the Company agrees to pay you Shares as follows:

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