Garmin Ltd Sample Contracts

Garmin Ltd – Garmin reports record second quarter revenue and profits; raises guidance Schaffhausen, Switzerland / July 31, 2019/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended June 29, 2019. Highlights for the second quarter 2019 include: (July 31st, 2019)

· Record second quarter revenue of $955 million, a 7% increase, with aviation, marine, fitness and outdoor collectively increasing 12% over the prior year quarter

Garmin Ltd – Amended and Restated Employee Stock Purchase Plan GARMIN LTD. (June 10th, 2019)
Garmin Ltd – Amended and Restated Garmin Ltd. 2005 Equity Incentive Plan (June 10th, 2019)
Garmin Ltd – GARMIN LTD. 2011 NON-EMPLOYEE DIRECTORS’ EQUITY INCENTIVE PLAN as amended and restated on February 15, 2019 RESTRICTED STOCK UNIT AWARD AGREEMENT (February 20th, 2019)

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. 2011 Non-Employee Directors’ Equity Incentive Plan, as amended and restated on February 15, 2019 (the “Plan”), and the Award Agreement between you and Garmin Ltd. (the “Company”), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – Garmin reports fiscal year 2018 revenue and strong operating income growth; proposes dividend increase Schaffhausen, Switzerland / February 20, 2019/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the fourth quarter and fiscal year ended December 29, 2018. Highlights for the fourth quarter 2018 include: (February 20th, 2019)

● Total revenue of $932 million, a 4% increase, with aviation, marine, outdoor and fitness collectively increasing 13% over the prior year quarter

Garmin Ltd – Garmin Ltd. 2011 Non-Employee Directors’ Equity Incentive Plan (February 20th, 2019)
Garmin Ltd – Garmin Reports Third Quarter Revenue and Earnings Growth; Updates EPS Guidance for 2018 Schaffhausen, Switzerland / October 31, 2018 / Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the third quarter ended September 29, 2018. Highlights for the third quarter 2018 include: (October 31st, 2018)

● Total revenue of $810 million, growing 8% over the prior year, with marine, aviation, fitness and outdoor collectively growing 16% over the prior year quarter and contributing 80% of total revenue

Garmin Ltd – Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018 Schaffhausen, Switzerland / August 1, 2018 / Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended June 30, 2018. Highlights for the second quarter 2018 include: (August 1st, 2018)

● Total revenue of $894 million, growing 8% over the prior year, with fitness, marine, aviation and outdoor collectively growing 17% over the prior year quarter and contributing 80% of total revenue

Garmin Ltd – Statuten Articles of Association (June 12th, 2018)
Garmin Ltd – Garmin Reports Record First Quarter Revenue and Double-Digit Earnings Growth Schaffhausen, Switzerland / May 2, 2018 / Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the first quarter ended March 31, 2018. Highlights for the first quarter 2018 include: (May 2nd, 2018)

· Total revenue of $711 million, growing 11% over the prior year, with outdoor, fitness, aviation, and marine collectively growing 18% over the prior year quarter and contributing 80% of total revenue

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (February 21st, 2018)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (the "Plan") and the Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – Garmin Reports Solid Fiscal 2017 Revenue and Operating Income Growth; Proposes Dividend Increase Schaffhausen, Switzerland / February 21, 2018/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the fourth quarter and fiscal year ended December 30, 2017. Highlights for the fourth quarter 2017 include: (February 21st, 2018)

● Total revenue of $888 million, growing 3% over the prior year quarter, with outdoor, fitness, marine and aviation collectively growing 9% over the prior year quarter and contributing 78% of total revenue

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (February 21st, 2018)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (February 21st, 2018)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – Garmin Reports Third Quarter Revenue and Profit Growth; Raises Guidance Schaffhausen, Switzerland / November 1, 2017 / Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the third quarter ended September 30, 2017. Highlights for the third quarter 2017 include: (November 1st, 2017)

● Total revenue of $743 million, growing 3% over the prior year, with outdoor, aviation, marine and fitness collectively growing 9% over the prior year quarter and contributing 75% of total revenue

Garmin Ltd – Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance Schaffhausen, Switzerland / August 2, 2017 / Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended July 1, 2017. Highlights for the second quarter 2017 include: (August 2nd, 2017)

· Total revenue of $817 million, growing 1% over the prior year, with outdoor, aviation, marine and fitness collectively growing 8% over the prior year quarter and contributing 74% of total revenue

Garmin Ltd – Garmin Reports Solid Fiscal 2016 Revenue and Operating Income Growth Schaffhausen, Switzerland / February 22, 2017/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the fiscal-year ended December 31, 2016. Highlights for the fourth quarter 2016 include: (February 22nd, 2017)

· Total revenue of $861 million, growing 10% over the prior year, with outdoor, fitness, marine and aviation collectively growing 25% over the prior year quarter and contributing 74% of total revenue

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (For Swiss Grantees) (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (the "Plan") and the Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – GARMIN LTD. 2011 NON-EMPLOYEE DIRECTORS’ EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (October 26th, 2016)

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. 2011 Non-Employee Directors’ Equity Incentive Plan, as amended and restated on October 21, 2016 (the “Plan”) and the Award Agreement between you and Garmin Ltd. (the “Company”), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (October 26th, 2016)

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 October 21, 2016 (the “Plan”) and the Award Agreement between you and Garmin Ltd. (the “Company”), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (October 26th, 2016)

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 October 21, 2016 (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:

Garmin Ltd – Garmin Reports Third Quarter Revenue and EPS Growth; Raises Guidance Schaffhausen, Switzerland / October 26, 2016/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the third quarter ended September 24, 2016. Highlights for the third quarter 2016 include: (October 26th, 2016)

· Total revenue of $722 million, growing 6% over the prior year, with fitness, outdoor, marine and aviation collectively growing 24% over the prior year quarter and contributing 70% of total revenue

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (the "Plan") and the Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

Garmin Ltd – Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan (October 26th, 2016)
Garmin Ltd – GARMIN LTD. EMPLOYEE STOCK PURCHASE PLAN (October 26th, 2016)
Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on October 21, 2016 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (October 26th, 2016)

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 5, 2009, on June 27, 2010, on June 7, 2013, and on October 21, 2016 (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:

Garmin Ltd – Garmin Ltd. 2005 Equity Incentive Plan (October 26th, 2016)
Garmin Ltd – Garmin Reports Second Quarter Revenue and EPS Growth; Raises Guidance Schaffhausen, Switzerland / July 27, 2016/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the second quarter ended June 25, 2016. Highlights for the second quarter 2016 include: (July 27th, 2016)

· Total revenue of $812 million, growing 5% over the prior year, with fitness, outdoor, marine and aviation collectively growing 20% over the year ago quarter and contributing 70% of total revenue

Garmin Ltd – Garmin Reports Strong First Quarter 2016 Sales (April 27th, 2016)

· Total revenue of $624 million, growing 7% over the prior year, with outdoor, fitness, aviation and marine collectively growing 17% over the year ago quarter and contributing 69% of total revenue

Garmin Ltd – Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance Schaffhausen, Switzerland / October 28, 2015/ Business Wire Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the quarter ended September 26, 2015. Summary items for the quarter and recent product announcements include: (October 28th, 2015)

· The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $52 million, or 7%, in the third quarter of 2015

Garmin Ltd – GARMIN LTD. EMPLOYEE STOCK PURCHASE PLAN (June 8th, 2015)
Garmin Ltd – GARMIN LTD. 2005 EQUITY INCENTIVE PLAN as amended and restated on June 27, 2010 RESTRICTED STOCK UNIT AWARD AGREEMENT (Performance-Based and Time-Based Vesting) (February 17th, 2015)

You have been granted restricted stock units ("RSUs") relating to the shares, CHF 10.00 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 5, 2009 and on June 27, 2010 (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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