MIP Option Grant Uses in Stock Options Clause

Stock Options from Amended and Restated Executive Employment

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Brian Beatty, an individual residing in the Province of Alberta, Canada (the Executive) and amends, restates and replaces in its entirety the Executive Employment Agreement dated as of June 24, 2013, other than the provisions of the Non-Disclosure Agreement (as such term is defined herein) (the Original Employment Agreement). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 88,252 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows:

Stock Options from Executive Employment Agreement

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Ryan Abney, an individual residing in Houston, Texas (the Executive). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 15,574 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows:

Stock Options from Amended and Restated Executive Employment

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Mike Scott, an individual residing in the Province of Alberta, Canada (the Executive) and amends, restates and replaces in its entirety the Executive Employment Agreement dated as of October 1st 2012, other than the provisions of the Non-Disclosure Agreement (as such term is defined herein) (the Original Employment Agreement). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 33,743 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows:

Stock Options from Amended and Restated Executive Employment

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Jeff Hastings, an individual residing in the Province of British Columbia, Canada (the Executive) and amends, restates and replaces in its entirety the Executive Employment Agreement dated as of June 24, 2013, other than the provisions of the Non-Disclosure Agreement (as such term is defined herein) (the Original Employment Agreement). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 88,252 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows:

Stock Options from Amended and Restated Executive Employment

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Darin Silvernagle, an individual residing in the Province of Alberta, Canada (the Executive) and amends, restates and replaces in its entirety the Executive Employment Agreement dated as of January 1, 2014, other than the provisions of the Non-Disclosure Agreement (as such term is defined herein) (the Original Employment Agreement). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 15,574 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows:

Stock Options from Amended and Restated Executive Employment

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement), effective as of the Effective Date (as defined below), is entered into by and between SAExploration Holdings, Inc., a Delaware corporation (the Employer or the Company), and Brent Whiteley, an individual residing in Houston, Texas (the Executive) and amends, restates and replaces in its entirety the Executive Employment Agreement dated as of June 24, 2013, other than the provisions of the Non-Disclosure Agreement (as such term is defined herein) (the Original Employment Agreement). The Employer and the Executive may be referred to singularly as Party or collectively as Parties. Unless otherwise specified, capitalized terms have the meanings set forth herein.

Stock Options. 70,082 Options that are NSOs under the Equity Incentive Plan (the MIP Option Grant) pursuant to a Stock Option Agreement (as such term is defined in the Equity Incentive Plan) with an Exercise Price equal to the VWAP (as such term is defined in the Equity Incentive Plan) per Common Share (as such term is defined in the Equity Incentive Plan) for the 30-day period that ends on the Grant Date, and will provide for vesting of the MIP Option Grant in equal installments, subject to the Executives continued employment, except as otherwise specified, as follows: