Amendment to the Mitcham Industries, Inc. 2000 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment modifies the Mitcham Industries, Inc. 2000 Stock Option Plan by setting the maximum number of shares that can be optioned and sold under the plan to 1,000,000. It also clarifies that shares not purchased due to option expiration or unexercised options may be made available for future grants, provided the plan remains active. The amendment ensures clear limits and procedures for stock option grants to eligible participants.

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EX-10.25 6 h45448exv10w25.htm AMENDMENT TO 2000 STOCK OPTION PLAN exv10w25  

EXHIBIT 10.25
AMENDMENT
TO THE MITCHAM INDUSTRIES, INC.
2000 STOCK OPTION PLAN
     3. Stock Subject to the Plan. Subject to the provisions of Section 12of this Plan, the maximum aggregate number of shares of Stock which may be optioned and sold under the Plan is 1,000,000 shares. The Shares may be authorized, but unissued, or reacquired Stock. If an Option expires or becomes unexercisable for any reason without having been exercised in full, theunpurchased Shares which were subject thereto shall, unless the Plan has beenterminated, become available for future grant under the Plan.