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 SAR, except to the extent that such Shares shall have been issued to him or her. The Company shall not be required to issue or transfer any certificates for Shares otherwise required to be transferred upon exercise of this SAR 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.
Appears in 3 contracts
Sources: Stock Appreciation Rights Agreement (Garmin LTD), Stock Appreciation Rights Agreement (Garmin LTD), Stock Appreciation Rights Agreement (Garmin LTD)