The SySAM wrapper script and the executables for the license server (lmgrd and SYBASE) are not installed or found in the %SYBASE%\SYSAM-2_0\bin directory.
The license server component is not selected for installation by default. To install the license server, run the installer, choose the Custom install option, and select license server component.
Alternatively, you can download a standalone SySAM license server install program from the Sybase Product Download Center or SAP Service Marketplace.