Exhibit 10.27 

AMENDMENT TO EMPLOYEEEMPLOYMENT AGREEMENT 

        ThisAmendment is made as of the 25th day of October, 2001, between THERAGENICS CORPORATION, aDelaware Corporation (the “Company”) and MICHAEL O’BANNON (the“Employee”). 

INTRODUCTION 

        TheCompany and the Employee are parties to that certain employment agreement dated January 1,2000 (the “Employment Agreement”). The parties now desire to amend theEmployment Agreement to provide as follows: 

        NOWTHEREFORE, the parties amend the Employment Agreement as follows: 

1.              By substituting the following for Section 1(e): 

        Businessof the Company means any business that involves the manufacture, production, sale,marketing, promotion, exploitation, development and distribution of palladium-103 ortemporary or permanently implantable devices for use in the treatment of cancer,restenosis or macular degeneration. 

2.              By substituting the following for Section 1(f)(v): 

(v)              illegal use by the Employee of alcohol or drugs; or 

3.              By substituting the following for Section 3(d): 

    Vacation.                 The Employee shall be entitled to vacation in accordance with Company policy,          but in any event the Employee shall be entitled to no less than four weeks of          vacation per year. Vacation shall be taken at times mutually convenient to the          Company and the Employee. 

4.              By addition of the following Section 3(k): 

    Memberships.                 The Company will reimburse the Employee for one professional membership which          has a business related purpose and is approved by the Company. 

5.              By substituting the following for Section 4(b): 

    (b)                 Termination This Agreement and the Employee’s employment by the          Company hereunder may only be terminated before expiration of the Term (i) by          mutual agreement of the Employee and the Company; (ii) by the Employee with Good          Reason upon not less than two (2) weeks written prior notice to the Company;          (iii) by the Employee without Good Reason upon not less than thirty (30) days          written prior notice to the Company; (iv) by the Company without Cause; (v) by          the Company for Cause, or (vi) by the Company or the Employee due to the          Disability of the Employee. This Agreement shall also terminate immediately upon          the death of the Employee. Notice of termination by either the Company or the          Employee shall be given in writing and shall specify the basis for termination          and the effective date of termination. 

6.              By substituting the following for Section 4(c): 

    (c)                 Effect of Termination. Upon termination of this Agreement and the          Employee’s employment hereunder, the Company shall have no further          obligation to the Employee or the Employee’s estate with respect to this          Agreement, except for payment of salary and bonus amounts, if any, accrued          pursuant to Section 3(a) or 3(b) hereof and unpaid at the Termination Date, and          termination payments, if any, set forth in Section 4(e) or 4(f) hereof, as          applicable, subject to the provisions of Section 11 hereof. Neither Section 4(e)          nor 4(f) applies to a Termination due to the Employee’s Disability or          death. Nothing contained herein shall limit or impinge any other rights or          remedies of the Company or the Employee under any other agreement or plan to          which the Employee is a party or of which the Employee is a beneficiary. 

7.              By substituting the following for Section 4(e): 

    (e)                 Certain Terminations not in Connection with a Change in Control. Upon          termination of the Employee’s employment by the Company without Cause or by          the Employee for Good reason, the Company shall be obligated to pay the Employee          his annual base salary at the time of termination of employment for one (1) year          after termination of employment. Payments made under this Section 4(e) shall be          paid as a salary continuation. 

8.              By substituting the following for Section 4(f): 

    (f)                 Certain Terminations in Connection with a Change in Control. If, within          ninety (90) days preceding or within one year following a Change in Control,          either the Company terminates the Employee’s employment without Cause or          the Employee terminates his Employment for any reason before notification by the          Company to the Employee that the Employee’s Employment will be terminated          for Cause, the Company shall be obligated to pay the Employee an amount equal to          whichever of the following results in the Employee receiving a larger after-tax          amount: (i) two (2) times the Employee’s annual base salary at the time of          termination of employment or (ii) if less than two times the Employee’s          annual base salary at the time of termination of employment, then the largest          amount that could be paid to the Employee, which will not result in a          nondeductible “parachute payment” under Section 280G of the Internal          Revenue Code. Such amount shall be paid to the Employee ratably over two (2)          years following termination. 

9.              By addition of the following Section 4(g): 

(g)              Notwithstanding any other provision hereof, the Company’s obligation to pay          the severance benefit set forth in Section 4(e) or 4(f), if applicable, will be          contingent upon the Employee executing and providing to the Company (and not          revoking within the revocation period, if any, provided pursuant to the          applicable release agreement) the form of release agreement attached hereto as          Exhibit A, Exhibit B, or Exhibit C, whichever is determined          by the Company to be appropriate. The Employee shall execute the release within          such period as is provided for in the applicable release agreement, following          the Company’s provision of such release agreement to the Employee in          connection with the Employee’s termination of employment. 

10.              By substituting the following for Section 5(a): 

    (a)                 Agreement Not to Compete. The Employee agrees that commencing on the          Commencement Date and continuing through the Applicable Period, he will not          (except on behalf of or with the prior written consent of the Company, which          consent may be withheld in Company’s sole discretion), within the Area,          either directly or indirectly, on the Employee’s own behalf, or in the          service of or on behalf of others, engage in or provide services of a similar          type or nature as he performs for the Company to any Competing Business. For          purposes of this Section 5, the Employee acknowledges and agrees that the          Business of the Company is conducted in the Area. 

11.              By substituting the following for Section 6: 

    6.                 Agreement Not to Solicit Employees. 

        TheExecutive agrees that commencing on the Commencement Date and continuing through theApplicable Period, he will not, either directly or indirectly, on the Executive’s ownbehalf or in the service of or on behalf of others, solicit, divert or hire, or attempt tosolicit, divert or hire, to any Competing Business in the Area any person employed by theCompany or an Affiliate with whom he has had material contact during his employment,whether or not such employee is a full-time employee or a temporary employee of theCompany or an Affiliate and whether or not such employment is pursuant to writtenagreement and whether or not such employment is for a determined period or is at will. 

12.              By substituting the following for Section 8(b): 

    (b)                 Prior Inventions. If prior to the Commencement Date the Employee          conceived any Invention or acquired any ownership interest in any Invention          which (i) is the property of the Employee, or of which the Employee is a          joint owner with another person or entity, (ii) is not described in any          issued patent as of the Commencement Date, and (iii) would be a Company          Invention if such Invention were made during the Term of this Agreement, then          with respect to any such Invention described in Exhibit D attached          hereto, the Employee hereby grants to the Company a nonexclusive, paid up,          royalty-free license to use and practice such Invention, including a license          under all patents to issue in any country which pertain to such Invention;          provided, however, that the Employee shall retain all right, title and interest          to any such Invention described in Exhibit D.  

13.              By substituting the following for Section 8(c): 

    (c)                 Prior Patents. The Employee represents to the Company that the Employee          owns no patents or copyrights, individually or jointly with others, except those          described in Exhibit D attached hereto. 

14.              By substituting the following for Section 8(d): 

    (d)                 Patent Applications. The Employee agrees that should the Company elect to          file an application for patent protection, either in the United States or in any          foreign country, on a Company Invention of which the Employee was an inventor,          the Employee will execute all necessary truthful papers, including formal          assignments to the Company relating to such patent applications. The Employee          further agrees to cooperate with any attorneys or other persons designated by          the Company by explaining the nature of any Company Invention for which the          Company elects to file an application for patent protection, reviewing          applications and other papers and providing any other cooperation reasonably          required for orderly prosecution of such patent applications. Provided, however,          that if the Employee is required to provide such assistance after he has left          employment with the Company, the Company shall pay the Employee an hourly rate          for his assistance, which shall be determined by converting the Employee’s          then current annual salary into an hourly rate of pay.  The Company shall          be responsible for all expenses incurred for the preparation and prosecution of          all patent applications on Company Inventions filed by the Company.  

15.              By substituting the following for Section 9(c): 

    (c)                 Prior Works. The Employee claims no ownership rights in any Works, except          as described in Exhibit D attached hereto. 

16.              By substituting the following for Section 11(b): 

    (b)                 In addition to any other rights the Company may have pursuant to this Agreement,          if Employee engages in or provides managerial, supervisory, sales, marketing,          financial, management information, administrative or consulting services or          assistance (collectively “Prohibited Services”) to, or owns (other          than ownership of less than five percent (5%) of the outstanding voting          securities of an entity whose voting securities are traded on a national          securities exchange or quoted on the National Association of Securities Dealers,          Inc. Automated Quotation System) a beneficial or legal interest in, any          Competing Business within the Area during the Applicable Period, Employee will          forfeit any amounts owed to Employee under Section 4(e) or 4(f), as applicable,          which have not been paid to Employee by the Company and Employee shall          immediately repay to the Company all amounts previously paid to Employee          pursuant to Section 4(e) or 4(f), as applicable. 

17.              By substituting the following for Section 14(c): 

    (c)                 Arbitration.  Any controversy or claim arising out of or relating to          this Agreement, or the breach thereof, shall be adjudicated through binding          arbitration before a single arbitrator in accordance with the Commercial          Arbitration Rules of the American Arbitration Association (“AAA”) in          Atlanta, Georgia, with the Company bearing responsibility for the filing costs          charged by the AAA for such arbitration. However the provisions of this Section          will not prevent the Company from instituting an action in a court of law under          this Agreement for specific performance of this Agreement or temporary or          permanent injunctive relief as provided in Section 11 hereof. The parties hereto          agree that the exclusive venue for any such lawsuit will be Fulton County,          Georgia and the Employee consents to the exercise of personal jurisdiction by          the Superior Court of Fulton County for the purposes of such lawsuit. 

Any party who desires to submit aclaim to arbitration in accordance with this Section shall file its demand for arbitrationwith AAA within thirty (30) days of the event or incident giving rise to the claim. A copyof said demand shall be served on the other party in accordance with the notice provisionsin Section 13 of this Agreement. The parties agree that they shall attempt in good faithto select an arbitrator by mutual agreement within twenty (20) days after the respondingparty’s receipt of the demand for arbitration. If the parties do not agree on theselection of an arbitrator within that timeframe, the selection shall be made pursuant tothe rules from the panels of arbitrators maintained by the AAA. If the Employee prevailsin the dispute, the Company will pay and be financially responsible for all costs,expenses, reasonable attorneys’ fees and reasonable expenses of the arbitratorincurred by the Employee (or the Employee’s estate in the event of his death) inconnection with the dispute. Any award rendered by the arbitrator shall be accompanied bya written opinion providing the reasons for the award. 

By the Company: BWS