Third Amendment to Ballantyne of Omaha, Inc. 1995 Outside Directors' Stock Option Plan
This amendment updates the Ballantyne of Omaha, Inc. 1995 Outside Directors' Stock Option Plan to clarify that a Chairman of the Board who is not an employee is not considered an officer of the company. All other terms of the plan and previous amendments remain unchanged. The amendment was approved by the Board of Directors on December 12, 2001.
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Exhibit 10.8.3
THIRD AMENDMENT TO
BALLANTYNE OF OMAHA, INC.
1995 OUTSIDE DIRECTORS' STOCK OPTION PLAN
The Ballantyne of Omaha, Inc. 1995 Outside Directors' Stock Option Plan, as amended, is further amended to read as follows:
- 1.
- Paragraph 2(f) is amended by adding thereto the following sentence: "A Chairman of the Board who is not also an employee of the company shall not be considered an Officer."
- 2.
- All other terms, conditions and provisions of said Plan, and the first and second amendments thereto, shall remain the same.
Dated as of the 12th day of December, 2001.
| BALLANTYNE OF OMAHA, INC. | ||||
By: | /s/ JOHN WILMERS John Wilmers, President | |||
Attest: | /s/ BRAD FRENCH Brad French, Secretary | |||
I hereby certify that the above Amendment to the Ballantyne of Omaha, Inc. 1995 Outside Directors' Stock Option Plan was approved by the Board of Directors of the corporation at a meeting of the Board held on the 12th day of December, 2001.
DATED at Omaha, Nebraska, this 12th day of December, 2001.
| /s/ BRAD FRENCH Brad French, Secretary |
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- Exhibit 10.8.3
