Fourth Amendment to Somanetics Corporation 1997 Stock Option Plan

Summary

This amendment, dated December 4, 2000, modifies the Somanetics Corporation 1997 Stock Option Plan. The company's Board of Directors has approved an increase in the maximum number of common shares available for stock options under the plan to 1,660,000 shares. Shares from canceled, expired, or terminated options will again be available for future grants. The amendment is made in accordance with the Board's authority to revise the plan.

EX-10.16 2 k59494ex10-16.txt FOURTH AMDMT. TO SOMANETICS CORP. 97 STOCK OPTION 1 EXHIBIT 10.16 FOURTH AMENDMENT TO SOMANETICS CORPORATION 1997 STOCK OPTION PLAN WHEREAS, SOMANETICS CORPORATION, a Michigan Corporation (the "Company"), has previously adopted the Somanetics Corporation 1997 Stock Option Plan (the "Plan"); WHEREAS, pursuant to Paragraph 18 of the Plan, the Company's Board of Directors has retained right to amend the Plan; and WHEREAS, the Company's Board of Directors now desires to amend the Plan. NOW THEREFORE IN CONSIDERATION of the premises and by resolution of the Company's Board of Directors, the Plan is hereby amended as follows: 1. The first paragraph of Paragraph 5 is amended to read as follows: "5. Maximum Number of Shares Subject to Plan: The maximum number of shares with respect to which stock options may be granted under the Plan shall be an aggregate of 1,660,000 Common Shares, which may consist in whole or in part of the authorized and unissued or reacquired Common Shares. Unless the plan shall have been terminated, shares covered by the unexercised portion of canceled, expired or otherwise terminated options under the Plan shall again be available for option and sale." Dated: December 4, 2000