BALLANTYNE OF OMAHA, INC.
STOCK PURCHASE PLAN
The following terms shall have the meanings set forth below:
(a) "Base Pay" shall mean an Eligible Employee's basic or regular compensation from the Corporation, and its
Subsidiaries, excluding overtime, shift premiums, incentive payments, commissions, bonuses and other non-basic
(b) "Board" shall mean the board of directors of the corporation.
(c) "Business Day" shall mean any day of the week other than Saturday or Sunday.
(d) "Code" shall mean the United States Internal Revenue Code of 1986, as amended.
(e) "Committee" shall have the meaning ascribed to that term in
Section 9.1 hereof.
(f) "Common Stock" shall mean the common stock, $.01 par value per share, of the Corporation.
(g) "Corporate Secretary" shall mean the Corporate Secretary of the Corporation.
(h) "Corporation" shall mean Ballantyne of Omaha, Inc., a Delaware corporation.
(i) "Dispositive Act" shall have the meaning ascribed to that term in
Section 10.4 hereof.
(j) "Eligible Employee" shall mean, as of any applicable Offering Date, each Employee who has been in the
continuous employ of the Corporation or any of its Subsidiaries for at least ninety (90) days.
(k) "Employee" shall mean each employee of the Corporation or any of its Subsidiaries including, but not limited
to, executive officers and directors who are also
employees of the Corporation and/or its Subsidiaries, provided that such employee's customary work week is
more than twenty (20) hours per week.
(l) "1933 Act" shall mean the Securities Act of 1933, as amended.
(m) "1934 Act" shall mean the Securities Exchange Act of 1934, as amended.
(n) "Offering Date" shall mean the first Business Day in November in each of the years 2000 through 2004.
(o) "Offering Period" shall mean each of the periods commencing on an Offering Date and ending on the
Purchase Date in the year immediately following such Offering Date.
(p) "Option" shall mean a right gr