Exhibit 10.2(a)

CRYOLIFE, INC.

EQUITY AND CASH INCENTIVE PLAN

SECTION 1

GENERAL

1.1      Purpose. The CryoLife, Inc. Equity and Cash Incentive Plan (the “Plan”)
has been established by CryoLife, Inc. (the “Company”) to (i) attract and retain
persons eligible to participate in the Plan; (ii) motivate Participants (as
defined in Section 1.2 below), by means of appropriate incentives, to achieve
annual and long-range goals; (iii) provide equity compensation to Directors of
the Company; (iv) provide incentive compensation opportunities to employee
Participants that are competitive with those of other similar companies; and
(iv) further align Participants’ interests with those of the Company’s
stockholders through compensation that is based on the Company’s common stock;
and thereby promote the long-term financial interests of the Company and its
Subsidiaries, as defined in Section 11(i), including the growth in value of the
Company’s equity and enhancement of long-term stockholder return. Pursuant to
the Plan, Participants may receive Options, SARs, Other Stock Awards, or
Cash-Based Awards, each as defined herein (collectively referred to as
“Awards”). The Plan is designed so that Awards granted hereunder intended to
comply with the requirements for “performance-based compensation” under
Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”),
may comply with such requirements, and the Plan and such Awards shall be
interpreted in a manner consistent with such requirements.

1.2      Participation. Subject to the terms and conditions of the Plan, the
Committee (as defined in Section 6) shall determine and designate, from time to
time, from among the Eligible Grantees, as defined in Section 11(f), those
persons who will be granted one or more Awards under the Plan, and thereby
become “Participants” in the Plan. In the discretion of the Committee, a
Participant may be granted any Award permitted under the provisions of the Plan,
and more than one Award may be granted to a Participant. Subject to the
provisions of Section 8.2(e), Awards may be granted as alternatives to or
replacement of awards outstanding under the Plan, or any other plan or
arrangement of the Company or a Subsidiary (including a plan or arrangement of a
business or entity, all or a portion of which is acquired by the Company or a
Subsidiary).

1.3      Operation, Administration, and Definitions. The operation and
administration of the Plan, including the Awards made under the Plan, shall be
subject to the provisions of Section 7 (relating to operation and
administration). Capitalized terms in the Plan shall be defined as set forth in
the Plan (including the definition provisions of Section 11 of the Plan).

SECTION 2

OPTIONS AND SARS

2.1      Definitions.

(a)      The grant of an “Option” entitles the Participant to purchase shares of
Stock at an Exercise Price established by the Committee. Options granted under
this Section 2 may either be Incentive Stock Options (“ISOs”) or Non-Qualified
Options (“NQOs”), as determined in the discretion of the Committee. An “ISO” is
an Option that is intended to satisfy the requirements applicable to an
“incentive stock option” described in Section 422(b) of the Code. An “NQO” is an
Option that is not intended to be an “incentive stock option” as that term is
described in Section 422(b) of the Code.

(b)      A stock appreciation right (a “SAR”) entitles the Participant to
receive, in cash or Stock (as determined in accordance with Subsection 2.5),
value equal to (or otherwise based on) the excess of: (a) the Fair Market Value
(as defined in Section 11) of a specified number of shares of Stock at the time
of exercise; over (b) an Exercise Price established by the Committee.

2.2      Exercise Price. The Exercise Price of each Option and SAR granted under
this Section 2 shall be not less than 100% of the Fair Market Value of a share
of Stock on the date of grant of the Award. Unless a higher price is

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established by the Committee or determined by a method established by the
Committee at the time the Option or SAR is granted, the Exercise Price for each
Option and SAR shall be equal to 100% of the Fair Market Value on the date of
grant of the Award.

2.3.     Exercise. An Option and an SAR shall be exercisable in accordance with
such terms and conditions and during such periods as may be established by the
Committee, before or after grant.

2.4      Payment of Option Exercise Price. The payment of the Exercise Price of
an Option granted under this Section 2 shall be subject to the following:

(a)      Subject to the following provisions of this Subsection 2.4, the full
Exercise Price for shares of Stock purchased upon the exercise of any Option
shall be paid at the time of such exercise (except that, in the case of an
exercise arrangement approved by the Committee and described in paragraph
2.4(c), payment may be made as soon as practicable after the exercise).

(b)      The Exercise Price shall be payable in cash or by tendering (by actual
delivery of shares) unrestricted shares of Stock that are acceptable to the
Committee, valued at Fair Market Value as of the day the shares are tendered, or
in any combination of cash or shares, as determined by the Committee.

(c)      To the extent permitted by applicable law, a Participant may elect to
pay the Exercise Price upon the exercise of an Option by irrevocably authorizing
a third party to sell shares of Stock (or a sufficient portion of the shares)
acquired upon exercise of the Option and remit to the Company a sufficient
portion of the sale proceeds to pay the entire Exercise Price and any tax
withholding resulting from such exercise.

2.5      Settlement of Award. Shares of Stock delivered pursuant to the exercise
of an Option or an SAR shall be subject to such conditions, restrictions and
contingencies as the Committee may establish in the applicable Award Agreement.
Settlement of SARs may be made in shares of Stock (valued at their Fair Market
Value at the time of exercise), in cash, or in a combination thereof, as
determined in the discretion of the Committee. The Committee, in its discretion,
may impose such conditions, restrictions and contingencies with respect to
shares of Stock acquired pursuant to the exercise of an Option or an SAR as the
Committee determines to be desirable.

2.6      Restrictions on Options and SAR Awards. Each Option and SAR shall be
subject to the following:

(a)      The term of any Option or SAR granted under the Plan shall not exceed
seven years from the date of grant.

(b)      Any such Award shall be subject to such conditions, restrictions and
contingencies as the Committee shall determine.

(c)      The Committee may designate whether any such Awards being granted to
any Participant are intended to be “qualified performance-based compensation” as
that term is used in Section 162(m) of the Code. Any such Awards designated as
intended to be “qualified performance-based compensation” shall be conditioned
on the achievement of one or more Performance Goals, to the extent required by
Section 162(m).

SECTION 3

OTHER STOCK AWARDS

3.1      Definitions.    The term “Other Stock Awards” means any of the
following:

(a)      A “Stock Unit” Award is the grant of a right to receive shares of Stock
in the future.

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(b)      A “Performance Share” Award is a grant of a right to receive shares of
Stock or Stock Units, which is contingent on the achievement of performance or
other objectives during a specified period.

(c)      A “Restricted Stock” Award is a grant of shares of Stock, and a
“Restricted Stock Unit” Award is the grant of a right to receive shares of Stock
in the future, with such shares of Stock or right to future delivery of such
shares of Stock subject to a risk of forfeiture or other restrictions that will
lapse upon the achievement of one or more goals relating to completion of
service by the Participant, or achievement of performance or other objectives,
as determined by the Committee.

3.2      Restrictions on Other Stock Awards. Each Stock Unit Award, Restricted
Stock Award, Restricted Stock Unit Award and Performance Share Award shall be
subject to the following:

(a)      Any such Award shall be subject to such conditions, restrictions and
contingencies as the Committee shall determine.

(b)      The Committee may designate whether any such Awards being granted to
any Participant are intended to be “qualified performance-based compensation” as
that term is used in Section 162(m) of the Code. Any such Awards designated as
intended to be “qualified performance-based compensation” shall be conditioned
on the achievement of one or more Performance Goals.

SECTION 4

CASH-BASED AWARDS

4.1      Definitions. The term “Cash-Based Award” means a right or other
interest granted to a Participant under Section 4.2 of the Plan that may be
denominated or payable in cash, other than an Award pursuant to which the amount
of cash is determined by reference to the value of a specific number of shares
of Stock. For the avoidance of doubt, dividend equivalents constitute Cash-Based
Awards.

4.2      Grant of Cash-Based Awards. The Committee is authorized to grant Awards
to Participants in the form of Cash-Based Awards, as deemed by the Committee to
be consistent with the purposes of the Plan, subject to such vesting and other
conditions as the Committee shall determine in its sole discretion. At the time
of the grant of Cash- Based Awards, the Committee may place restrictions on the
payout or vesting of Cash-Based Awards that shall lapse, in whole or in part,
only upon the attainment of Performance Goals. The Committee shall determine the
terms and conditions of such Awards at the date of grant. The maximum dollar
amount that may be covered by all Cash-Based Awards granted to any individual
during any fiscal year under the Plan is $2 million for employees and $500,000
for non- employee directors. At the discretion of the Committee, Cash-Based
Awards under this Plan may be issued jointly under this Plan and any other cash
incentive or similar plan of the Company; provided, however, that if a
Cash-Based Award is issued under this Plan and another plan of the Company, to
the extent of a conflict in the provisions of this Plan and the other plan, the
terms of this Plan shall control.

SECTION 5

QUALIFIED PERFORMANCE-BASED COMPENSATION

5.1      Grant of Qualified Performance-Based Compensation. The Committee may
determine that any Awards granted to a Covered Employee shall be considered
“qualified performance-based compensation” under Section 162(m) of the Code, in
which case the provisions of this Section 5 shall apply. When Awards are made
under this Section 5, the Committee shall establish in writing (i) the objective
Performance Goals that must be met, (ii) the period during which performance
will be measured, (iii) the maximum amounts that may be paid if the Performance
Goals are met, and (iv) any other conditions that the Committee deems
appropriate and consistent with the requirements of Section 162(m) of the Code
for “qualified performance-based compensation.” The Performance Goals shall
satisfy the requirements for “qualified performance-based compensation,”
including the requirement that the achievement of the goals be substantially
uncertain at the time they are established and that the Performance Goals be
established in such a way

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that a third party with knowledge of the relevant facts could determine whether
and to what extent the Performance Goals have been met. The Committee shall not
have discretion to increase the amount of compensation that is payable, but may
reduce the amount of compensation that is payable, pursuant to Awards identified
by the Committee as “qualified performance-based compensation.”

5.2      Pre-establishment of Performance Goals. Performance Goals must be
pre-established by the Committee. A Performance Goal is considered
pre-established if it is established in writing not later than 90 days after the
commencement of the period of service to which the Performance Goal relates,
provided that the outcome is substantially uncertain at the time the Committee
actually established the goal. However, in no event will a Performance Goal be
considered pre-established if it is established after 25% of the period of
service (as scheduled in good faith at the time the goal is established) has
elapsed.

5.3      Adjustments to Performance Goals. The Committee in its sole discretion
shall have the authority to make equitable adjustments to the Performance Goals
in recognition of unusual or non-recurring events affecting the Company or any
Subsidiary of the Company or the financial statements of the Company or any
Subsidiary of the Company, in response to changes in applicable laws or
regulations, including changes in generally accepted accounting principles or
practices, or to account for items of gain, loss or expense determined to be
extraordinary or unusual in nature or infrequent in occurrence or related to the
disposal of a segment of a business, as applicable, provided such adjustment
occurs in writing not later than 90 days after the commencement of the period of
service to which the Performance Goal relates (and in no event later than the
date that 25% of the period of service has elapsed). In addition, the Committee
may specify that certain equitable adjustments to the Performance Goals will be
made during the applicable performance period, provided such specification
occurs in writing not later than 90 days after the commencement of the period of
service to which the Performance Goal relates (and in no event later than the
date that 25% of the period of service has elapsed).

5.4      Certification of Performance Results. The Committee shall certify the
satisfaction of the Performance Goal for the applicable performance period
specified in the Award agreement after the performance period ends and prior to
any payment with respect to the Award. The Committee shall determine the amount,
if any, to be paid pursuant to each Award based on the achievement of the
Performance Goals and the satisfaction of all other terms of the Award
agreement.

5.5      Payment Upon Death or Disability or Other Circumstances. The Committee
may authorize that Awards under this Section 5 shall be payable, in whole or in
part, in the event of the Participant’s death or disability, or under other
circumstances consistent with the Treasury regulations and rulings under
Section 162(m) of the Code.

SECTION 6

STOCK SUBJECT TO THE PLAN

6.1      Awards Subject to Plan. Awards granted under the Plan shall be subject
to the following:

(a)        Subject to the following provisions of this Subsection 6.1, the
maximum number of shares of Stock that may be delivered to Participants and
their beneficiaries under the Plan shall be 7.1 million shares of Stock, less
the number of shares of Stock subject to Awards that have been granted from May
21, 2014 through May 20, 2015 and have not been forfeited as of May 20, 2015.
Shares of Stock issuable hereunder may, in whole or in part, be authorized but
unissued shares or shares of Stock that shall have been or may be reacquired by
the Company in the open market, in private transactions or otherwise.
Notwithstanding the foregoing, with respect to SARs that are settled in Stock,
the aggregate number of shares of Stock subject to the SAR grant shall be
counted against the shares available for issuance under the Plan as one share
for every share subject thereto, regardless of the number of shares used to
settle the SAR upon exercise.

(b)        Subject to adjustment in accordance with Subsections 6.2 and 6.3, the
following additional maximums are imposed under the Plan:

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(i)        Subject to the proviso contained in this paragraph, the maximum
number of shares of Stock that may be issued in conjunction with Other Stock
Awards granted pursuant to Section 3 shall be up to 500,000 shares; provided,
however, that for every share of Stock in excess of 500,000 awarded hereunder in
respect of Other Stock Awards, the maximum number of shares reserved for grant
hereunder shall be reduced by 1.5 shares.

(ii)        The maximum number of shares of Stock that may be covered by Awards
granted to any one individual pursuant to Section 2 (relating to Options and
SARs) shall be 800,000 for employees and 75,000 for non- employee directors
during any fiscal year and the maximum number of shares of Stock that may be
covered by Other Stock Awards granted to any one individual pursuant to
Section 3 shall be 350,000 for employees and 25,000 for non- employee directors
during any fiscal year; and

(c)        To the extent any shares of Stock covered by an Award are not
delivered to a Participant or beneficiary because the Award is forfeited or
canceled, or the shares of Stock are not delivered because the Award is settled
in cash, such shares shall not be deemed to have been delivered for purposes of
determining the maximum number of shares of Stock available for delivery under
the Plan. To the extent that shares of Stock subject to Other Stock Awards, and
the issuance of which reduced the maximum number of shares authorized for
issuance under the Plan by 1.5 shares, are forfeited or cancelled, or if such an
Award terminates or expires without a distribution of shares to the Participant,
the number of shares of Stock remaining for Award grants hereunder shall be
increased by 1.5 for each share forfeited, cancelled or otherwise not delivered.
Shares of Stock shall not again be available if such shares are surrendered or
withheld as payment of either the exercise price of an Award and/ or withholding
taxes in respect of an Award. Awards that are settled solely in cash shall not
reduce the number of shares of Stock available for Awards. Upon the exercise of
any Award granted in tandem with any other Award, such related Awards shall be
cancelled to the extent of the number of shares of Stock as to which the Award
is exercised and, notwithstanding the foregoing, such number of shares shall no
longer be available for Awards under the Plan. The maximum number of shares of
Stock available for delivery under the Plan shall not be reduced for shares
subject to plans assumed by the Company in an acquisition of an interest in
another company.

6.2      Adjustments for Changes in Capitalization. If the outstanding shares of
Stock are changed into or exchanged for a different number or kind of shares or
other securities of the Company by reason of any recapitalization,
reclassification, stock split, stock dividend, combination, subdivision or
similar transaction, or if the Company makes an extraordinary dividend or
distribution to its stockholders (including without limitation to implement a
spinoff) (each, a “Corporate Transaction”) then, subject to any required action
by the stockholders of the Company, the number and kind of shares of Company
stock available under the Plan or subject to any limit or maximum hereunder
shall automatically be proportionately adjusted, with no action required on the
part of the Committee or otherwise. Subject to any required action by the
stockholders, the number and kind of shares covered by each outstanding Award,
and the price per share in each such Award, shall also be automatically
proportionately adjusted for any increase or decrease in the number of issued
shares of the Company resulting from a Corporate Transaction or any other
increase or decrease in the number of such shares, or any decrease in the value
of such shares, effected without receipt of consideration by the Company.
Notwithstanding the foregoing, no fractional shares shall be issued or made
subject to an Option, SAR or Other Stock Award in making the foregoing
adjustments. All adjustments made pursuant to this Section shall be final,
conclusive and binding upon the holders of Options, SARs and Other Stock Awards.

6.3      Certain Mergers and Other Extraordinary Events. If the Company merges
or consolidates with another corporation, or if the Company is liquidated or
sells or otherwise disposes of substantially all of its assets while unexercised
Options or other Awards remain outstanding under this Plan, (A) subject to the
provisions of clause (C) below, after the effective date of the merger,
consolidation, liquidation, sale or other disposition, as the case may be,
whether or not the Company is the surviving corporation, each holder of an
outstanding Option or other Award shall be entitled, upon exercise of that
Option or Award or in place of it, as the case may be, to receive, at the option
of the Committee and in lieu of shares of Stock, (i) the number and class or
classes of shares of Stock or other securities or property to which the holder
would have been entitled if, immediately prior to the merger, consolidation,
liquidation, sale or other disposition, the holder had been the holder of record
of a number of shares of Stock equal to the number of shares of Stock as to
which that Option may be exercised or are subject to the Award or (ii) shares of
stock of the

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company that is the surviving corporation in such merger, consolidation,
liquidation, sale or other disposition having a value, as of the date of payment
under Subsection 6.3(i) as determined by the Committee in its sole discretion,
equal to the value of the shares of Stock or other securities or property
otherwise payable under Subsection 6.3(i); (B) whether or not the Company is the
surviving corporation, if Options or other Awards have not already become
exercisable, the Board of Directors may waive any limitations set forth in or
imposed pursuant to this Plan so that all Options or other Awards, from and
after a date prior to the effective date of that merger, consolidation,
liquidation, sale or other disposition, as the case may be, specified by the
Board of Directors, shall be exercisable in full; and (C) all outstanding
Options or SARs may be cancelled by the Board of Directors as of the effective
date of any merger, consolidation, liquidation, sale or other disposition,
provided that with respect to a merger or consolidation the Company is not the
surviving company, and provided further that any optionee or SAR holder shall
have the right immediately prior to such event to exercise his or her Option or
SAR to the extent such optionee or holder is otherwise able to do so in
accordance with this Plan or his or her individual Option or SAR agreement;
provided, further, that any such cancellation pursuant to this Section 6.3 shall
be contingent upon the payment to the affected Participants of an amount equal
to (i) in the case of any out-of-the-money Option or SAR, cash, property or a
combination thereof having an aggregate value equal to the value of such Option
or SAR, as determined by the Committee or the Board of Directors, as applicable,
in its sole discretion, and (ii) in the case of an in-the-money Option or SAR,
cash, property or a combination thereof having an aggregate value equal to the
excess of the value of the per-share amount of consideration paid pursuant to
the merger, consolidation, liquidation, sale or other disposition, as the case
may be, giving rise to such cancellation, over the exercise price of such Option
or SAR multiplied by the number of shares of Stock subject to the Option or SAR.

Any adjustments pursuant to this Subsection 6.3 shall be made by the Board or
Committee, as the case may be, whose determination in that respect shall be
final, binding and conclusive, regardless of whether or not any such adjustment
shall have the result of causing an ISO to cease to qualify as an ISO.

6.4      Changes in Par Value. In the event of a change in the shares of the
Company as presently constituted, which is limited to a change of all of its
authorized shares with par value into the same number of shares with a different
par value or without par value, the shares resulting from any such change shall
be deemed to be the shares within the meaning of this Plan.

6.5      Limitation on Grantees’ Rights. Except as hereinbefore expressly
provided in this Section 6, a Participant shall have no rights by reason of any
subdivision or consolidation of shares of stock of any class or the payment of
any stock dividend or any other increase or decrease in the number of shares of
stock of any class or by reason of any dissolution, liquidation, merger, or
consolidation or spin-off of assets or stock of another corporation, and any
issue by the Company of shares of stock of any class, shall not affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Stock subject to an Award, unless the Committee shall otherwise
determine.

6.6      Company Right and Power. The grant of any Award pursuant to this Plan
shall not adversely affect in any way the right or power of the Company (A) to
make adjustments, reclassifications, reorganizations or changes of its capital
or business structure, (B) to merge or consolidate, (C) to dissolve, liquidate
or sell, or transfer all or any part of its business or assets or (D) to issue
any bonds, debentures, preferred or other preference stock ahead of or affecting
the Stock.

6.7      Fractional Shares. If any action described in this Section 6 results in
a fractional share for any Participant under any Award hereunder, such fraction
shall be completely disregarded and the Participant shall be entitled only to
the whole number of shares resulting from such adjustment.

SECTION 7

OPERATION AND ADMINISTRATION

7.1      Effective Date; Duration. The Plan was originally effective as of the
date of its initial approval by the stockholders of the Company, May 19, 2009.
The Plan was then amended and restated by the Board in February 2012,

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and such amended and restated Plan became effective upon the approval of the
stockholders of the Company on May 16, 2012. The Plan was then amended and
restated by the Board in February 2014, and such amended and restated Plan
became effective upon the approval of the stockholders of the Company on May 21,
2014. After approval of the Plan at the annual stockholders meeting in 2015, the
Plan now has a duration of six years from May 21, 2015; provided that in the
event of Plan termination, the Plan shall remain in effect as long as any Awards
under it are outstanding; provided further, however, that no Award may be
granted under the Plan on a date that is more than six years from May 21, 2015.
Further amendments to the Plan, made effective by approval of the stockholders
at the annual meeting in 2017, did not impact duration.

7.2      Vesting. Except as set forth below and in Section 6.3, and other than
Options, SARs, Restricted Stock, Restricted Stock Units or Other Stock Awards
conditioned upon the attainment of Performance Goals that relate to performance
periods of at least one fiscal year, and except to the extent accelerated by the
Committee upon death, disability, retirement or Change in Control, no Option,
SAR, Restricted Stock, Restricted Stock Units or Other Stock Awards granted
hereunder to any Eligible Grantee other than a non-employee Director of the
Company may vest in excess of 1⁄3 of the number of shares subject to the Award
per year for the first three years after the grant date and no such Award
granted hereunder to any Eligible Grantee that is a non-Employee Director of the
Company, may vest earlier than twelve months after the grant date. Unless the
Committee determines otherwise, the date on which the Committee expressly grants
an Award shall be considered the day on which such Award is granted. The term of
any Award granted under the Plan will not exceed seven years from the date of
grant.

7.3      Uncertificated Stock. To the extent that the Plan provides for issuance
of stock certificates to reflect the issuance of shares of Stock, the issuance
may be effected on a non-certificated basis, to the extent not prohibited by
applicable law or the applicable rules of any stock exchange.

7.4      Tax Withholding. All distributions under the Plan are subject to
withholding of all applicable taxes, and the Committee may condition the
delivery of any shares or other benefits under the Plan on satisfaction of the
applicable withholding obligations. The Committee, in its discretion, and
subject to such requirements as the Committee may impose prior to the occurrence
of such withholding, may permit such withholding obligations to be satisfied
through cash payment by the Participant, through the surrender of shares of
Stock which the Participant already owns, or through the surrender of
unrestricted shares of Stock to which the Participant is otherwise entitled
under the Plan, but only to the extent of the minimum amount required to be
withheld under applicable law.

7.5      Use of Shares. Subject to the overall limitation on the number of
shares of Stock that may be delivered under the Plan, the Committee may use
available shares of Stock as the form of payment for compensation, grants or
rights earned or due under any other compensation plans or arrangements of the
Company or a Subsidiary, including the plans and arrangements of the Company or
a Subsidiary assumed in business combinations.

7.6      Dividends and Dividend Equivalents. An Award (including, without
limitation, an Option or SAR Award) may provide the Participant with the right
to receive dividend payments or dividend equivalent payments with respect to
Stock subject to the Award (both before and after the Stock subject to the Award
is earned, vested, or acquired), which payments may be either made currently or
credited to an account for the Participant, and may be settled in cash or Stock
as determined by the Committee. Any such settlements, and any such crediting of
dividends or dividend equivalents or reinvestment in shares of Stock, may be
subject to such conditions, restrictions and contingencies as the Committee
shall establish, including the reinvestment of such credited amounts in Stock
equivalents. In the event an Award is conditioned on the achievement of one or
more Performance Goals, any dividend payments or dividend equivalent payments
will only be earned, vested or acquired to the extent the underlying Stock
subject to the Award is earned, vested or acquired.

7.7      Payments. Awards may be settled through cash payments, the delivery of
shares of Stock, the granting of replacement Awards, or any combination thereof
as the Committee shall determine. Any Award settlement, including payment
deferrals, may be subject to such conditions, restrictions and contingencies as
the Committee shall determine. The Committee may permit or require the deferral
of any Award payment, subject to such rules and

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procedures as it may establish.

7.8      Transferability. Except as otherwise provided by the Committee, Awards
under the Plan are not transferable except as designated by the Participant by
will or by the laws of descent and distribution.

7.9      Form and Time of Elections. Unless otherwise specified herein, each
election required or permitted to be made by any Participant or other person
entitled to benefits under the Plan, and any permitted modification, or
revocation thereof, shall be in writing filed with the Committee at such times,
in such form, and subject to such restrictions and limitations, not inconsistent
with the terms of the Plan, as the Committee shall require.

7.10    Agreement with Company. An Award under the Plan shall be subject to such
terms and conditions, not inconsistent with the Plan, as the Committee shall, in
its sole discretion, prescribe. The terms and conditions of any Award to any
Participant shall be reflected in such form of written document as is determined
by the Committee. A copy of such document shall be provided to the Participant,
and the Committee may, but need not, require that the Participant sign a copy of
such document. Such document is referred to in the Plan as an “Award Agreement”
regardless of whether any Participant signature is required.

7.11    Action by Company or Subsidiary. Any action required or permitted to be
taken by the Company or any Subsidiary under this Plan shall be by action of its
Board of Directors, or by action of one or more members of the Board (including
a committee of the Board) who are duly authorized to act for the Board, or
(except to the extent prohibited by applicable law or applicable rules of any
stock exchange) by a duly authorized officer of such company.

7.12    Gender and Number. Where the context admits, words in any gender shall
include any other gender, words in the singular shall include the plural and the
plural shall include the singular.

7.13    Limitation of Implied Rights.

(a)      Neither a Participant nor any other person shall, by reason of
participation in the Plan, acquire any right in or title to any assets, funds or
property of the Company or any Subsidiary whatsoever, including, without
limitation, any specific funds, assets, or other property which the Company or
any Subsidiary, in its sole discretion, may set aside in anticipation of a
liability under the Plan. A Participant shall have only a contractual right to
the Stock or amounts, if any, payable under the Plan, unsecured by any assets of
the Company or any Subsidiary, and nothing contained in the Plan shall
constitute a guarantee that the assets of the Company or any Subsidiary shall be
sufficient to pay any benefits to any person.

(b)      The Plan does not constitute a contract of employment, and selection as
a Participant will not give any participating employee the right to be retained
in the employ of the Company or any Subsidiary, nor any right or claim to any
benefit under the Plan, unless such right or claim has specifically accrued
under the terms of the Plan. Except as otherwise provided in the Plan, no Award
under the Plan shall confer upon the holder thereof any rights as a stockholder
of the Company prior to the date on which the individual fulfills all conditions
for receipt of such rights.

7.14    Evidence. Evidence required of anyone under the Plan may be by
certificate, affidavit, document or other information which the person acting on
it considers pertinent and reliable, and shall be signed, made or presented by
the proper party or parties.

7.15    Termination of Employment Following Change In Control. In the event that
the employment of a Participant who is an employee of the Company or a
Subsidiary is terminated by the Company during the six-month period following a
Change in Control, all of such Participant’s outstanding Options and SARs may
thereafter be exercised by the Participant, to the extent that such Options and
SARs were exercisable as of the date of such termination of employment (x) for a
period of six months from such date of termination or (y) until expiration of
the stated term of such Option or SAR, whichever period is the shorter.

7.16    Section 409A. It is intended that all Options and SARs granted under the
Plan shall be exempt from the

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provisions of Section 409A of the Code and that all Other Stock Awards under the
Plan, to the extent that they constitute “non-qualified deferred compensation”
within the meaning of Section 409A of the Code, will comply with Section 409A of
the Code (and any regulations and guidelines issued thereunder). The Plan and
any Award Agreements issued hereunder may be amended in any respect deemed by
the Board or the Committee to be necessary in order to preserve compliance with
Section 409A of the Code.

7.17    Regulations and Other Approvals.

(a)      The obligation of the Company to sell or deliver Stock with respect to
any Award granted under the Plan or make any other distribution of benefits
under the Plan shall be subject to all applicable laws, rules and regulations,
including all applicable federal and state securities laws (including, without
limitation, the requirements of the Securities Act of 1933) and all applicable
requirements of any securities exchange or similar entity, and the obtaining of
all such approvals by governmental agencies as may be deemed necessary or
appropriate by the Committee.

(b)      Each Award is subject to the requirement that, if at any time the
Committee determines, in its absolute discretion, that the listing, registration
or qualification of Stock issuable pursuant to the Plan is required by any
securities exchange or under any state or federal law, or the consent or
approval of any governmental regulatory body is necessary or desirable as a
condition of, or in connection with, the grant of an Award or the issuance of
Stock, no such Award shall be granted or payment made or Stock issued, in whole
or in part, unless listing, registration, qualification, consent or approval, as
applicable, has been effected or obtained free of any conditions not acceptable
to the Committee.

(c)      In the event that the disposition of Stock acquired pursuant to the
Plan is not covered by a then current registration statement under the
Securities Act of 1933 and is not otherwise exempt from such registration, such
Stock shall be restricted against transfer to the extent required by the
Securities Act of 1933, as amended, or regulations thereunder, and applicable
state securities laws, and the Committee may require a Participant receiving
Stock pursuant to the Plan, as a condition precedent to receipt of such Stock,
to represent to the Company in writing that the Stock acquired by such
Participant is acquired for investment only and not with a view to distribution.

(d)      With respect to persons subject to Section 16 of the Securities and
Exchange Act of 1934, as amended, it is the intent of the Company that the Plan
and all transactions under the Plan comply with all applicable provisions of
Rule 16b-3.

7.18    Awards to Employees Subject to Taxation Outside of the United States.
Without amending the Plan, Awards may be granted to Participants who are foreign
nationals or who are employed outside the United States or both, on such terms
and conditions different from those specified in the Plan as may, in the
judgment of the Committee, be necessary or desirable to further the purposes of
the Plan. Such different terms and conditions may be reflected in Addenda to the
Plan or in the applicable Award Agreement. However, no such different terms or
conditions shall be employed if such terms or conditions constitute, or in
effect result in, an increase in the aggregate number of shares which may be
issued under the Plan or a change in the definition of Eligible Grantee.

SECTION 8

COMMITTEE

8.1      Administration. The authority to control and manage the operation and
administration of the Plan shall be vested in a committee (the “Committee”) in
accordance with this Section 8. The Committee shall be selected by the Board,
and shall consist solely of two or more members of the Board who are
non-employee Directors within the meaning of Rule 16b-3 under the Securities
Exchange Act of 1934, as amended, and are outside Directors within the meaning
of Code Section 162(m). If the Committee does not exist, or for any other reason
determined by the Board, the Board may take any action under the Plan that would
otherwise be the responsibility of the Committee, other than with

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respect to Awards intended to be “performance-based compensation” under
Section 162(m) of the Code. Unless otherwise determined by the Board, CryoLife’s
Compensation Committee shall be designated as the “Committee” hereunder.

8.2      Powers of Committee. The Committee’s administration of the Plan shall
be subject to the following:

(a)      Subject to the provisions of the Plan, the Committee will have the
authority and discretion to select from among the Eligible Grantees those
persons who shall receive Awards, to determine the time or times of receipt, to
determine the types of Awards and the number or value of shares or amount of
cash covered by the Awards, to establish the terms, conditions, performance
criteria, restrictions, and other provisions of such Awards, and (subject to the
restrictions imposed by Section 9) to cancel or suspend Awards, and to waive or
otherwise modify any vesting or other restrictions contained in awards. The
Committee may also, without obtaining stockholder approval, amend any
outstanding award to provide the holder thereof with additional rights or
benefits of the type otherwise permitted by the Plan, including without
limitation, extending the term thereof; provided, however, that in no event may
the term of any Option or SAR exceed seven years.

(b)      The Committee will have the authority and discretion to interpret the
Plan, to establish, amend, and rescind any rules and regulations relating to the
Plan, to determine the terms and provisions of any Award Agreement made pursuant
to the Plan, and to make all other determinations that may be necessary or
advisable for the administration of the Plan.

(c)      Any interpretation of the Plan by the Committee and any decision made
by it under the Plan is final and binding on all persons.

(d)      In controlling and managing the operation and administration of the
Plan, the Committee shall take action in a manner that conforms to the
certificate of incorporation and by-laws of the Company, and applicable state
corporate law.

(e)      Subject to Section 6.2 hereof, neither the Board, the Committee nor
their respective delegates shall have the authority to (i) re-price (or cancel
and regrant) any Option, SAR or, if applicable, other Award at a lower exercise,
base or purchase price, (ii) take any other action (whether in the form of an
amendment, cancellation or replacement grant, or a cash-out of underwater
options) that has the effect of repricing an Option, SAR or other Award, or
(iii) grant any Option, SAR or other Award that contains a so-called “reload”
feature under which additional Options, SARs or other Awards are granted
automatically to the Grantee upon exercise of the original Option, SAR or Award,
without in each instance first obtaining the approval of the Company’s
stockholders.

(f)      Anything in the Plan to the contrary notwithstanding, neither the Board
nor the Committee may accelerate the payment or vesting of any Option, SAR or
other Award except in the event of death, disability, retirement or a Change in
Control; provided, however, that Stock Awards and Cash-Based Awards that are
intended to be “performance-based compensation” under Section 162(m) of the Code
may not be accelerated in the event of retirement with respect to the
satisfaction of any Performance Goals.

8.3      Delegation by Committee. Except to the extent prohibited by applicable
law or the applicable rules of a stock exchange, the Committee may allocate all
or any portion of its responsibilities and powers to any one or more of its
members and may delegate all or any part of its responsibilities and powers
hereunder, including without limitation, the power to designate Participants
hereunder and determine the amount, timing and terms of Awards hereunder, to any
person or persons selected by it, including without limitation, any executive
officer of the Company; provided that such allocation or delegation is
consistent with Section 162(m) of the Code. Any such allocation or delegation
may be revoked by the Committee at any time.

8.4      Information to be Furnished to Committee. The Company and Subsidiaries
shall furnish the Committee with such data and information as it determines may
be required for it to discharge its duties. The records of the

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Company and Subsidiaries as to an employee’s or Participant’s employment,
termination of employment, leave of absence, reemployment and compensation shall
be conclusive unless the Committee determines such records to be incorrect.
Participants and other persons entitled to benefits under the Plan must furnish
the Committee such evidence, data or information as the Committee considers
desirable to carry out the terms of the Plan.

8.5      Indemnification. Each person who is or shall have been a member of the
Committee, or the Board, shall be indemnified and held harmless by the Company
against and from any loss, cost, liability or expense that may be imposed upon
or reasonably incurred by him or her in connection with or resulting from any
claim, action, suit or proceeding to which he or she may be a party or in which
he or she may be involved by reason of any action taken or failure to act under
the Plan and against and from any and all amounts paid by him or her in
settlement thereof, with the Company’s approval, or paid by him or her in
satisfaction of any judgment in any such action, suit or proceeding against him
or her, provided he or she shall give the Company an opportunity, at its own
expense, to handle and defend the same before he or she undertakes to handle and
defend it on his or her own behalf. The foregoing right of indemnification shall
be in addition to any other rights of indemnification or elimination of
liability to which such persons may be entitled under the Company’s Certificate
of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that
the Company may have to indemnify them or hold them harmless.

SECTION 9

AMENDMENT AND TERMINATION

(a)        The Plan may be terminated or amended by the Board of Directors at
any time, except that the following actions may not be taken without stockholder
approval:

(i)      any increase in the number of shares that may be issued under the Plan
(except by certain adjustments provided for under the Plan);

(ii)     any change in the class of persons eligible to receive Awards under the
Plan;

(iii)    any change in the requirements of Section 2.2 hereof regarding the
Exercise Price of Options and SARs;

(iv)    any re-pricing or cancellation and regrant of any Option or, if
applicable, other Award at a lower exercise, base or purchase price, whether in
the form of an amendment, cancellation or replacement grant, or a cash-out of
underwater options or any action that provides for Awards that contain a
so-called “reload” feature under which additional Options or other Awards are
granted automatically to the Grantee upon exercise of the original Option or
Award; or

(v)    any other amendment to the Plan that would require approval of the
Company’s stockholders under applicable law, regulation or rule.

Notwithstanding any of the foregoing, adjustments pursuant to paragraph 6.2
shall not be subject to the foregoing limitations of this Section 9.

(b)        Options, SARs and other Awards may not be granted under the Plan
after the date of termination of the Plan, but Options and SARs granted prior to
that date shall continue to be exercisable according to their terms and other
Awards shall continue to vest in accordance with their terms.

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SECTION 10

CHANGE IN CONTROL

Subject to the provisions of paragraph 6.2 (relating to the adjustment of
shares), and except as otherwise provided in the Plan or the Award Agreement
reflecting the applicable Award, upon the occurrence of a Change in Control as
defined in Section 11:

(a)        All outstanding Options (regardless of whether in tandem with SARs)
shall become fully exercisable.

(b)        All outstanding SARs (regardless of whether in tandem with Options)
shall become fully exercisable.

(c)        All Stock Units, Restricted Stock, Restricted Stock Units,
Performance Shares and other Awards, other than Cash-Based Awards, shall become
fully vested. (Whether or not Cash-Based Awards shall vest upon a Change in
Control shall be determined by the Committee in its discretion, either at or
after grant, subject in all cases to compliance with Section 162(m) for
Cash-Based Awards intended to be “qualified performance-based compensation”
thereunder.)

SECTION 11

DEFINED TERMS

In addition to the other definitions contained herein, the following definitions
shall apply:

(a)        Award. The term “Award” shall mean any award or benefit granted under
the Plan, including, without limitation, the grant of Options, SARs, Other Stock
Awards and Cash-Based awards.

(b)        Board. The term “Board” shall mean the Board of Directors of the
Company.

(c)        Change in Control. “Change in Control” means a change in the
ownership or effective control of, or in the ownership of a substantial portion
of the assets of, the Company, as described in paragraphs (i) through (iii)
below.

(i)        Change in Ownership of the Company. A change in the ownership of the
Company shall occur on the date that any one person, or more than one person
acting as a group (within the meaning of paragraph (iv)), acquires ownership of
the Company stock that, together with the Company stock held by such person or
group, constitutes more than 50% of the total voting power of the stock of the
Company.

  (A)      If any one person or more than one person acting as a group (within
the meaning of paragraph (iv) below), is considered to own more than 50% of the
total voting power of the stock of the Company, the acquisition of additional
the Company stock by such person or persons shall not be considered to cause a
change in the ownership of the Company or to cause a change in the effective
control of the Company (within the meaning of paragraph (ii) below).

  (B)      An increase in the percentage of the Company stock owned by any one
person, or persons acting as a group (within the meaning of paragraph
(iv) below), as a result of a transaction in which the Company acquires its
stock in exchange for property, shall be treated as an acquisition of stock for
purposes of this paragraph (i).

  (C)      Except as provided in (B) above, the provisions of this paragraph
(i) shall apply only to the transfer or issuance of the Company stock if such
stock remains outstanding after such transfer or issuance.

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(ii)       Change in Effective Control of the Company.

  (A)        A change in the effective control of the Company shall occur on the
date that either of (1) or (2) below occurs:

    (1)      Any one person, or more than one person acting as a group (within
the meaning of paragraph (iv) below), acquires (or has acquired during the 12
month period ending on the date of the most recent acquisition by such person or
persons) ownership of stock of the Company possessing 30% or more of the total
voting power of the stock of the Company; or

    (2)      A majority of the members of the Board are replaced during any 12
month period by Directors whose appointment or election is not endorsed by a
majority of the Board prior to the date of the appointment or election.

  (B)        A change in effective control of the Company also may occur with
respect to any transaction in which either of the Company or the other entity
involved in a transaction experiences a Change of Control event described in
paragraphs (i) or (iii).

  (C)        If any one person, or more than one person acting as a group
(within the meaning of paragraph (iv) below), is considered to effectively
control the Company (within the meaning of this paragraph (ii)), the acquisition
of additional control of the Company by the same person or persons shall not be
considered to cause a change in the effective control of the Company (or to
cause a change in the ownership of the Company within the meaning of paragraph
(i) above).

(iii)      Change in Ownership of a Substantial Portion of the Company’s Assets.
A change in the ownership of a substantial portion of the Company’s assets shall
occur on the date that any one person, or more than one person acting as a group
(within the meaning of paragraph (iv) below), acquires (or has acquired during
the 12 month period ending on the date of the most recent acquisition by such
person or persons) assets from the Company that have a total gross fair market
value (within the meaning of paragraph (iii)(B)) equal to or more than 40% of
the total gross fair market value of all of the assets of the Company
immediately prior to such acquisition or acquisitions.

 (A)        A transfer of the Company’s assets shall not be treated as a change
in the ownership of such assets if the assets are transferred to one or more of
the following:

(1)        A shareholder of the Company (immediately before the asset transfer)
in exchange for or with respect to the Company stock;

(2)        An entity, 50% or more of the total value or voting power of which is
owned, directly or indirectly, by the Company;

(3)        A person, or more than one person acting as a group (within the
meaning of paragraph (iv) below) that owns, directly or indirectly, 50% or more
of the total value or voting power of all of the outstanding stock of the
Company; or

(4)        An entity, at least 50% of the total value or voting power of which
is owned, directly or indirectly, by a person described in paragraph
(iii)(A)(3).

For purposes of this paragraph (iii)(A), and except as otherwise provided, a
person’s status is determined immediately after the transfer of assets.

 (B)        For purposes of this paragraph (iii), gross fair market value means
the value of all the Company assets, or the value of the assets being disposed
of, determined without regard to any liabilities associated with such assets.

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(iv)      For purposes of this Section 11(c), persons shall be considered to be
acting as a group if they are owners of an entity that enters into a merger,
consolidation, purchase, or acquisition of assets, or similar business
transaction with the Company. If a person, including an entity shareholder, owns
stock in the Company and another entity with which the Company enters into a
merger, consolidation, purchase, or acquisition of stock, or similar business
transaction, such shareholder shall be considered to be acting as a group with
the other shareholders in a corporation only to the extent of the ownership in
that corporation prior to the transaction giving rise to the change and not with
respect to the ownership interest in the other corporation. Persons shall not be
considered to be acting as a group solely because they purchase or own stock of
the Company at the same time, or as a result of the same public offering of the
Company’s stock.

(d)       Code. The term “Code” means the Internal Revenue Code of 1986, as
amended. A reference to any provision of the Code shall include reference to any
successor provision of the Code.

(e)       Covered Employee. The term “Covered Employee” means an Eligible
Grantee who is, or who is anticipated to become, between the time of grant and
payment of the Award, a “covered employee,” as such term is defined in
Section 162(m)(3) of the Code (or any successor section thereof).

(f)        Eligible Grantee. The term “Eligible Grantee” shall mean any
director, officer or employee of the Company or a Subsidiary, as determined by
the Committee in its sole discretion. An Award may be granted to an employee or
director, in connection with hiring, retention or otherwise, prior to the date
the employee or director first performs services for the Company or the
Subsidiaries, provided that such Award shall not become vested prior to the date
the employee first performs such services or the director assumes his position.

(g)       Fair Market Value. For purposes of determining the “Fair Market Value”
of a share of Stock as of any date, then the “Fair Market Value” as of that date
shall be the closing sale price of the Stock on that date on the New York Stock
Exchange.

(h)       Performance Goals. The term “Performance Goals” means performance
goals based on the attainment by the Company or any Subsidiary of the Company
(or any division or business unit of any such entity), or any two or more of the
foregoing, of performance goals pre-established by the Committee in its sole
discretion, based on one or more of the following criteria, which shall not be
required to be calculated in accordance with GAAP and which may be adjusted
measures: (1) return on total stockholders’ equity; (2) earnings per share of
Stock; (3) earnings before any or all of interest, taxes, minority interest,
depreciation and amortization; (4) economic profit; (5) sales or revenues;
(6) return on assets, capital or investment; (7) market share; (8) control of
operating or non-operating expenses; (9) reductions in certain costs (including
reductions in inventories or accounts receivable or reductions in operating
expenses); (10) operating profit; (11) operating cash flow, (12) free cash flow,
(13) return on capital or increase in pretax earnings; (14) net earnings;
(15) margins; (16) market price of the Company’s securities; (17) pre-tax
earnings; (18) net after-tax earnings per share; (19) working capital targets;
(20) working capital and the ratio of sales to net working capital;
(21) earnings before interest, taxes, depreciation and amortization (“EBITDA”);
(22) sales of one or more products or service offerings; (23) control of
operating and/or non-operating expenses (24) any combination of, or a specified
increase in, any of the foregoing; and (25) general comparisons with other peer
companies or industry groups or classifications with regard to one or more of
the foregoing criteria. The relative weights of the criteria that comprise the
Performance Goals shall be determined by the Committee in its sole discretion.
In establishing the Performance Goals for a performance period, the Committee
may establish different Performance Goals for individual Participants or groups
of Participants. Subject to the limitations in Section 5, the Committee in its
sole discretion shall have the authority to make equitable adjustments to the
Performance Goals in recognition of unusual or non-recurring events affecting
the Company or any Subsidiary of the Company or the financial statements of the
Company or any Subsidiary of the Company, in response to changes in applicable
laws or regulations, including changes in generally accepted accounting
principles or practices, or to account for items of gain, loss or expense
determined to be extraordinary or unusual in nature or infrequent in occurrence
or related to the disposal of a segment of a business, as applicable, or
otherwise as the Committee deems appropriate. Performance Goals may include a
threshold level of performance below which no Award will be earned, a level of
performance at which the target amount of an Award will be earned

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and a level of performance at which the maximum amount of the Award will be
earned. Solely for an Award not intended to constitute “qualified
performance-based compensation” under Section 162(m) of the Code, the term
“Performance Goals” shall also mean any other factors directly tied to the
performance of the Company and/or one or more divisions and/or Subsidiaries or
other performance criteria designated by the Committee.

(i)      Subsidiaries. The term “Subsidiary” means any present or future
subsidiary corporation of the Company within the meaning of Section 424(f) of
the Code, and any present or future business venture designated by the Committee
in which the Company has a significant interest, as determined in the discretion
of the Committee.

(j)      Stock. The term “Stock” shall mean shares of common stock of the
Company.

SECTION 12

GOVERNING LAW

This Plan shall be governed by, and construed in accordance with, the laws of
the State of Georgia, except to the extent that the Florida Business Corporation
Act shall be applicable.