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                                                                   Exhibit 10(l)

                               SERVICES AGREEMENT

     Services Agreement (the "Agreement"), dated February 26, 2002, between
Cybex International, Inc. ("Cybex"), a New York corporation and UM Holdings
Ltd., ("UM Holdings"), a New Jersey corporation.

     WHEREAS, Arthur W. Hicks, Jr. (the "Shared Employee") is a certified public
accountant licensed in Pennsylvania.

     WHEREAS, the Shared Employee currently serves as Vice President and Chief
Financial Officer of UM Holdings;

     WHEREAS, Cybex wishes to retain the services of the Shared Employee to
serve as its Acting Chief Financial Officer to perform the functions and duties
of such office, in a high-quality, cost effective manner;

     WHEREAS, given its investment in Cybex, UM Holdings believes it to be in
its best interest to assist Cybex in its above stated wishes; and

     NOW THEREFORE, for good and valuable consideration, the parties, intending
to be legally bound, agree as follows:

     1.   Term. The initial term of this Agreement shall commence on February
          26, 2002 and expire on December 31, 2002 (the "Initial Term"). After
          the expiration of the Initial Term, this Agreement shall renew for
          successive one (1) year periods (the "Renewal Terms") unless and until
          cancelled in accordance with the provisions hereof.

     2.   Services. During the Initial Term and any and all Renewal Terms
          (hereinafter referred to as the "Term"), the Shared Employee shall
          remain as an employee of UM Holdings. It is expected that the Shared
          Employee will expend approximately seventy percent (70%), but any
          event not less than fifty percent (50%), of his time performing duties
          hereunder.

     3.   Fees. (a) As full compensation for the services to be provided
          hereunder, Cybex shall pay to UM Holdings fees at the rate of $120,000
          per annum, payable in equal monthly installments, for so long as this
          Agreement remains in effect. Cybex will also be responsible for
          expenses as provided in paragraph 4 below.


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          (b) The Shared Employee shall in no event be deemed to be an employee
          or independent contractor of Cybex, and UM Holdings will remain
          responsible for the compensation, benefits and related payroll taxes
          and withholding for the Shared Employee.

     4.   Conditions.

              A.    During the Term, the Shared Employee shall receive a salary
                    from UM Holdings, including benefits; such salary and
                    benefits shall be reviewed from time to time and adjusted by
                    UM Holdings in its sole discretion.
              B.    During the Term, all approved training, seminar or other
                    costs incurred by the Shared Employee: (i) for the sole
                    benefit of Cybex shall be borne by Cybex; (ii) for the sole
                    benefit of UM Holdings shall be borne by UM Holdings; and
                    (iii) for the mutual benefit of Cybex and UM Holdings shall
                    be split evenly between Cybex and UM Holdings.
                    Notwithstanding this paragraph, should Shared Employee incur
                    costs at the specific request of either Cybex or UM
                    Holdings, then regardless of the benefits received by either
                    entity, the requesting entity shall bear any and all
                    resultant costs.
              C.    Cybex shall be responsible for all of the expenses incurred
                    by the Shared Employee for the benefit of Cybex only to the
                    extent such expenses would have been reimbursed by Cybex
                    through its normal approval process.

     5.   Confidentiality. The Shared Employee shall keep strictly confidential
          all information concerning Cybex or any of the business or activities
          of Cybex, and during the Term of the Agreement shall perform his
          duties so as to respect the principles and intent of the respective
          codes of conduct and ethics of Cybex and UM Holdings, and the Shared
          Employee will sign such instruments with respect thereto the terms of
          which shall be reasonably negotiated by the respective parties.

     6.   Termination. Cybex or UM Holdings may terminate this Agreement at any
          time during the Term on one (1) month written notice, provided,
          however, that this Agreement may

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          be terminated on less than one (1) month written notice on terms that
          are mutually acceptable to Cybex and UM Holdings. In the event of
          termination, Cybex shall promptly pay to UM Holdings all amounts due
          and owing under the term of this Agreement up to and including the
          date of termination.

     7.   Notices. Any notice made under this Agreement shall be deemed given to
          the other party if in writing and personally delivered; sent by
          registered mail; or sent by facsimile transmission; addressed as
          follows:

               If to Cybex:

               Cybex International, Inc.
               Attention: Karen Slein
               10 Trotter Drive
               Medway, MA  02053
               (508) 533-5500 (fax)

               If to UM Holdings:

               UM Holdings Ltd.
               Attention: Jordan Mersky, General Counsel
               56 Haddon Avenue
               Haddonfield, NJ 08033
               (856) 354-2216 (fax)

     8.   Responsibilities. UM Holdings' responsibilities under this Agreement
          is to use normal business efforts to cause the Shared Employee to
          render the services called for hereunder in a manner reasonably
          satisfactory to Cybex. No party shall be liable or held accountable
          for any mistakes of fact or law or for any loss or damage to the other
          party arising or resulting therefrom or for errors of judgment, or
          otherwise for any acts or omissions, so long as it acts in good faith
          and with reasonable diligence.

     9.   Legal Relationship. It is not the intention of the parties that this
          Agreement or the operation thereof shall create a legal relationship
          between them which could be construed as agency, partnership or joint
          venture.

     10.  Entire Agreement. This Agreement constitutes the entire agreement
          between the parties with respect to the subject matter of this
          Agreement and there are no representations or

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          warranties, express or implied statutory or otherwise and no
          agreements collateral to this Agreement other than expressly set forth
          or referred to herein.

     11.  Further Acts. Each of the parties will, at the reasonable request of
          the other, take such steps or provide such further assistance as may
          be required to enable the due performance of the terms and conditions
          of the Agreement.

     12.  Applicable Law. This Agreement shall be construed, interpreted and
          applied in the Courts and according to the laws of the State of New
          Jersey.

     IN WITNESS WHEREOF, Cybex and UM Holdings have caused this Agreement to be
     executed as of the date first written above by their respective officers
     thereunto duly authorized.

                                            CYBEX INTERNATIONAL, INC.


                                            /s/ John Aglialoro
                                            -------------------
                                            Name: John Aglialoro
                                            Title: Chairman and CEO

                                            UM HOLDINGS LTD.


                                            /s/ Jordan S. Mersky
                                            --------------------
                                            Name: Jordan S. Mersky
                                            Title: Vice President and General
                                                   Counsel

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