Exhibit 10.2

Summary of
Base Salary and Incentive Compensation with Named Executive Officers

Incentive Compensation for 2004 and Base Salary for 2005

     On January 25, 2005, the Human Resources and Compensation Committee (the
"Committee") of the Board of Directors of Helix Technology Corporation (the
"Company") approved the following executive compensation:

Name

2005
Base Salary

2004
Incentive Compensation

Robert J. Lepofsky1

n/a

$130,000

James Gentilcore2

$375,000

$75,000

Jay Zager3

$262,500

$60,000

Robert E. Anastasi4

$290,000

$70,000

Mark E. Jalbert5

$207,000

$50,000

     

1

Mr. Lepofsky served as the Company's President and Chief Executive Officer until
his retirement on December 31, 2004. Mr. Lepofsky continues as a Director of the
Company and effective January 1, 2005 was appointed Chairman of the Board of
Directors. As a non-employee Director, Mr. Lepofsky is entitled to the director
compensation described in our 2005 Director Compensation Program, which is filed
as part of our Current Report on Form 8-K dated December 14, 2004.

2

Mr. Gentilcore, previously our Executive Vice President and Chief Operating
Officer, became our President and Chief Executive Officer effective on January
1, 2005, see our Current Reports of Form 8-K dated November 17, 2004 and
December 14, 2004. At such time, Mr. Gentilcore was also appointed to our Board
of Directors.

3

Mr. Zager served as our Senior Vice President and Chief Financial Officer until
February 28, 2005. At such time, our Corporate Controller Paul Kawa became
Interim Chief Financial Officer, see below.

4

Mr. Anastasi is our Executive Vice President.

5

Mr. Jalbert is our Senior Vice President.

     In addition, on March 10, 2005, the Committee increased Paul Kawa's 2005
base salary from $167,000 to $200,000 in connection with his appointment as
Interim Chief Financial Officer.

2005 Executive Performance Compensation

     In December 2004, the Company adopted the Executive Performance
Compensation Program (see our Current Report of Form 8-K, dated December 14,
2004),

--------------------------------------------------------------------------------

which it amended on April 27, 2005 (see Exhibit 10.3 hereto) (as amended, the
"Program").

     On April 27, 2005, in accordance with the terms of the Program, the
Committee approved the selection of the following persons identified in our 2005
proxy statement as a "Named Executive Officer" to participate in the Program for
the 2005 performance year. The names of such persons, the 2005 performance
criteria approved by the Committee and the relative weighting of such criteria
is set forth below. The payment of incentive compensation, if any, depends on
the level of achievement of these performance goals as described in more detail
in the Program.

Name

Performance Criteria
and Relative Weighting

Maximum 2005 Bonus Opportunity

Robert E. Anastasi

 * Performance criteria relative to peer companies (60%)
 * Various financial metrics relating to business (20%)
 * Performance criteria regarding global operations strategy and market
   initiatives (20%)

100% of 2005
base salary

James Gentilcore

 * Performance criteria relative to peer companies (60%)
 * Various corporate financial metrics (20%)
 * Performance criteria regarding strategic initiatives (20%)

100% of 2005
base salary

Mark E. Jalbert

 * Performance criteria relative to peer companies (20%)
 * Various financial metrics relating to business (40%)
 * Performance criteria regarding strategic initiatives (40%)

60% of 2005
base salary

Paul Kawa

 * Performance criteria relative to peer companies (60%)
 * Various corporate financial metrics (20%)
 * Performance criteria regarding strategic initiatives (20%)

40% of 2005
base salary

Additional Information

     Additional information about compensation for our Named Executive Officers
will be set forth in the Proxy Statement for our 2005 Annual Meeting of
Stockholders, which will be filed with the SEC on or about May 2, 2005.