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                                                                    EXHIBIT 10.8


                               MDMI HOLDINGS, INC.

                        2000 RETENTION PLAN FOR EMPLOYEES


         This MDMI Holdings, Inc. 2000 Employee Retention Plan (the "PLAN") is
adopted as of the Effective Date, as defined below, with reference to the
following facts:

         The shareholders of Noble-Met Ltd. agreed to sell Noble-Met Ltd., a
Virginia corporation ("NOBLE-MET") to Medical Device Manufacturing, Inc., a
Colorado corporation n/k/a MDMI Holdings, Inc. ("MDMI"), pursuant to a Share
Purchase Agreement dated December 22, 1999, among such shareholders, Noble-Met
and MDMI ("SHARE PURCHASE AGREEMENT").

         To motivate and reward future efforts of Noble-Met employees, MDMI
desires to provide for the payment of certain benefits to the employees of
Noble-Met, all on the terms and conditions set forth in this Plan.

                                    ARTICLE I
                                   DEFINITIONS

                  "2000 Employee Benefit Amount" shall have the meaning ascribed
to such term in Article II, Section A.

                  "2000 Plan Benefit Value" shall mean an amount, not to exceed
the Maximum Plan Benefit Value, and otherwise equal to four and two-tenths
(4.2), multiplied by ten-twenty-firsts (10/21), multiplied by the amount, if
any, by which the EBITDA for the 2000 Fiscal Year exceeds the EBITDA for the
1999 Fiscal Year.

                  "2001 Employee Benefit Amount" shall have the meaning ascribed
to such term in Article II, Section B.

                  "2001 Plan Benefit Value" shall mean an amount, which in
combination with the 2000 Plan Benefit Value may not exceed the Maximum Plan
Benefit Value, and otherwise equal to three and fifteen hundredths (3.15),
multiplied by ten-twenty-firsts (10/21), multiplied by the amount, if any, by
which the EBITDA for the 2001 Fiscal Year exceeds the EBITDA for the 2000 Fiscal
Year.

                  "Board" shall mean the board of directors of MDMI.

                  "EBITDA" shall mean Noble-Met's earnings before interest,
taxes, depreciation and amortization as determined by the financial statements
for the Fiscal Year, which shall be prepared in accordance with GAAP, applied on
a consistent basis, and adjusted to take into account the adjustments made
pursuant to the Share Purchase

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Agreement and adjustments to which the MDMI and the Sellers' Representative (as
such term is defined in the Share Purchase Agreement) may mutually agree.

                  "Effective Date" shall mean January 12, 2000.

                  "Eligible Participants" shall mean the individuals listed on
the Share Allocation List, attached hereto as Appendix A.

                  "Employee Benefit Amount" shall mean either the 2000 Employee
Benefit Amount or the 2001 Employee Benefit Amount, whichever is applicable.

                  "Employee Share" shall mean the percentage listed for a
particular employee on the Share Allocation List, attached hereto as Appendix A.

                  "Fiscal Year" shall mean a fiscal year ending December 31st of
that year.

                  "Fixed Benefit" shall mean the cash benefit described in
Article II, Section D.

                  "Fixed Benefit Share" shall mean a percentage equal to 100%
less the Phantom Stock Share.

                  "Maximum Plan Benefit Value" shall mean $10,000,000.

                  "Payment Date" for a particular Employee Benefit Amount shall
mean the date chosen by the Plan Administrator on which to grant an employee
his/her respective Employee Benefit Amount for the immediately preceding Fiscal
Year which date shall in no event be later than either thirty (30) days after
delivery of the audited financial statements of the Company for the immediately
preceding Fiscal Year or April 15th, whichever occurs first.

                  "Phantom Stock" shall mean the phantom stock awarded to the
Employees pursuant to the MDMI Holdings, Inc. 2000 Employee Phantom Stock Plan.

                  "Phantom Stock Amount" shall have the meaning ascribed to such
term in Article II, Section E.1.

                  "Phantom Stock Price" shall have the meaning ascribed to such
term in Article II, Section E.2.

                  "Phantom Stock Share" shall have the meaning ascribed to such
term in Article II, Section C.2(a).


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                  "Plan Administrator" shall mean the Board or a committee,
individual or corporate designee appointed by such Board.

                  "Plan Benefits" shall mean the benefits payable to Qualified
Employees arising under Article II hereof.

                  "Qualified Employees" shall mean individuals who are
employees, consultants, or employees of consultants of Noble-Met or an affiliate
of Noble-Met on the Payment Date.


                                   ARTICLE II
                             CALCULATION OF BENEFITS

         The Plan Administrator shall determine the Plan Benefits payable to
each Qualified Employee as described below. Except as provided in Article VI,
Section E, the Plan Administrator's determination of such Plan Benefits shall be
final and conclusive.

         A. 2000 Employee Benefit Amount. Each Qualified Employee will receive
an amount equal to the 2000 Plan Benefit Value multiplied by the Employee Share
for that particular Qualified Employee (the "2000 Employee Benefit Amount").
Such amount will be allocated between Fixed Benefits and Phantom Stock, as
described in Article II, Section C.

         B. 2001 Employee Benefit Amount. Each Qualified Employee will receive
an amount equal to the 2001 Plan Benefit Value multiplied by the Employee Share
for that particular Qualified Employee (the "2001 Employee Benefit Amount").
Such amount will be allocated between Fixed Benefits and Phantom Stock, as
described in Article II, Section C.

         C. Benefits Election.

         1.       No Election. If no election is made, 100% of the Employee
                  Benefit Amount shall be paid as Fixed Benefits.

         2.       Election. A Qualified Employee may elect to receive a share of
                  up to 25% of his or her Employee Benefit Amount as Phantom
                  Stock (the "Phantom Stock Share").

         3.       Timing. For the 2000 Employee Benefit Amount, each Qualified
                  Employee will be able to make the election regarding the
                  Phantom Stock Share, at any time before December 31, 2000. For
                  the 2001 Employee Benefit Amount, each Qualified Employee will
                  be able to make the election regarding the Phantom Stock Share
                  at any time before December 31, 2001.


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         4.       Process. Elections must be made in writing and submitted to
                  the Plan Administrator.

         D. Fixed Benefits. The amount of Fixed Benefits payable to a Qualified
Employee shall be equal to the Employee Benefit Amount of that Qualified
Employee multiplied by the Fixed Benefit Share of that Qualified Employee.

         E. Phantom Stock. The number of shares of Phantom Stock payable to a
Qualified Employee shall be equal to the Phantom Stock Amount of that Qualified
Employee divided by the Phantom Stock Price.

         1.       Phantom Stock Amount. The Phantom Stock Amount for a Qualified
                  Employee shall be equal to the Employee Benefit Amount for
                  that Qualified Employee multiplied by the Phantom Stock Share
                  for that Qualified Employee.

         2.       Phantom Stock Price. The Phantom Stock Price shall be twelve
                  dollars ($12.00) per share.


                                   ARTICLE III
                    EMPLOYMENT ON PAYMENT DATE; REALLOCATION

         A. Employment on Payment Date. Plan Benefits (whether Fixed Benefits or
Phantom Stock) shall be paid only to Qualified Employees who are employed by,
serve as independent contractors to, or employed by independent contractors of
MDMI or its affiliates or subsidiaries on the Payment Date. Except as may be set
forth in an Qualified Employee's written employment agreement, any other
termination of employment, whether voluntary or otherwise, shall result in
forfeiture of any unpaid Plan Benefits.

         B. Reallocation. If an Qualified Employee ceases to be employed prior
to a Payment Date (other than by reason of death, in which case the provisions
of Article IV, Section D shall control), that Qualified Employee's 2000 Employee
Benefit Amount or 2001 Employee Benefit Amount, as applicable, shall be
reallocated among the remaining Qualified Employees or to specified Qualified
Employees, which reallocation shall be made at MDMI's discretion, provided,
however, that MDMI shall be required to reallocate such benefits.



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                                   ARTICLE IV
                            TIME AND FORM OF PAYMENT

         A. Time of Payment of Plan Benefits. Fixed Benefits payable hereunder
shall be paid on the Payment Date. Phantom Stock shall be granted on the Payment
Date.

         B. Form of Payment. All payments of Plan Benefits shall be made subject
to applicable deductions, tax and other withholdings and other adjustments.

         C. Payment to Guardian. If at any time an Qualified Employee is the
subject of a conservatorship or other fiduciary responsible for the management
and control of such person's financial affairs, amounts payable to such person
shall be paid to such conservator or fiduciary until such person is no longer
the subject of such conservatorship or fiduciary.

         D. Payment Upon Death.

         1.       Beneficiary Designations. Upon forms provided by the Plan
                  Administrator each Qualified Employee shall designate in
                  writing the beneficiary or beneficiaries whom such Qualified
                  Employee desires to receive the Plan Benefits payable under
                  the Plan, if any, in the event of the death of a Qualified
                  Employee. A Qualified Employee may change his or her
                  designated beneficiary or beneficiaries from time to time
                  without the consent of such beneficiary or beneficiaries by
                  filing a new designation in writing with Plan Administrator on
                  forms prescribed for that purpose, provided, however, that if
                  a married Qualified Employee desires to designate an
                  individual other than his or her spouse as beneficiary, such
                  designation shall not be effective unless consented to in
                  writing by such Qualified Employee's spouse. Notwithstanding
                  the foregoing, spousal consent shall not be necessary if it is
                  established to the satisfaction of Plan Administrator that
                  there is no spouse of the Qualified Employee or that the
                  required consent cannot be obtained because the spouse cannot
                  be located or is legally incompetent. Plan Administrator may
                  rely upon the designation of beneficiary or beneficiaries last
                  filed by the Qualified Employee in accordance with this Plan.

         2.       Default Beneficiaries. If the designated beneficiary does not
                  survive the Qualified Employee, or if there is not a valid
                  beneficiary designation, amounts payable under the Plan shall
                  be paid to the Qualified Employee's spouse, or if there is not
                  a surviving spouse, then to the duly appointed and currently
                  acting personal representative of the Qualified Employee's
                  estate. If there is no personal representative of the
                  Participant's estate duly appointed, then payments under the
                  Plan shall be made to the person or persons who can verify by
                  affidavit or court order to the satisfaction of



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                  Plan Administrator that they are legally entitled to receive
                  the benefits specified hereunder pursuant to the laws of
                  intestate succession or other statutory provision in effect at
                  the Qualified Employee's death in the state in which the
                  Qualified Employee resides.

                                    ARTICLE V
                      NO ENLARGEMENT OF EMPLOYMENT RIGHTS.

         A. Voluntary Plan. This Plan is a strictly voluntary undertaking on the
part of Noble-Met and MDMI and shall not be deemed to be consideration for, or
an inducement to, or a condition of, the employment of any Qualified Employee.

         B. No Continued Employment Right. Nothing in this Plan shall confer
upon any employee any right to continue in the employment or affiliation with
Noble-Met or MDMI nor constitute any promise or commitment by Noble-Met or MDMI
regarding future positions, work assignments, compensation or any other term or
condition of employment or affiliation.

         C. No Other Rights. No person shall have any rights under this Plan
except as specifically provided herein and, with respect to vesting, as may be
set forth in an employment agreement. No Qualified Employee shall have any
rights under this Plan to receive any benefit or other rights, except a payment
in cash on the terms set forth herein.

                                   ARTICLE VI
                                  MISCELLANEOUS

         A. No Tax Advice. MDMI and Noble-Met make no representation regarding
taxation to any Qualified Employee of any payments provided under this Plan.

         B. Delivery of Payments. All payment under this Plan shall be delivered
in person or mailed to the last address of the Qualified Employee (or in the
case of the death or conservatorship of the Qualified Employee, to the address
of the person entitled thereto as shown on the records of Noble-Met). Each
Qualified Employee shall be responsible for furnishing Noble-Met with his or her
current address and the correct current name and address of any Beneficiary or
Beneficiaries.

         C. Plan Amendments. The Plan Benefits provided hereunder may not be
withdrawn, revoked or modified in any manner which alters the eligibility
provisions hereof in any manner detrimental to a Noble-Met employee, reduces
Plan Benefits or delays the time for payment of Plan Benefits hereunder without
the affected Qualified Employee's prior written consent.



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         D. Governing Law. This Plan and all questions arising thereunder shall
be interpreted in accordance with the laws of the State of Delaware, without
regard to the doctrine of conflicts of law.

         E. Records. The records of Noble-Met with respect to eligibility to
participate in this Plan and with regard to the calculation of the Plan Benefits
payable hereunder shall be binding and conclusive on all Qualified Employees,
beneficiaries and all other persons whomsoever.

         F. Severability. If any particular provision of this Plan shall be
found to be illegal or unenforceable, such provision shall not affect the other
provisions of the Plan, but the Plan shall be interpreted in all respects as if
such invalid provision were omitted.

                                      * * *

         The Plan was duly adopted and approved by the Board of Directors of
MDMI as of the ___ day of _______, 2000, to be effective as of January 12, 2000.



                                    -------------------------------------------
                                    Secretary


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