Document:

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                                                                         EX 10.2

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

                  AMENDED AND RESTATED EMPLOYMENT AGREEMENT dated as of June 1,
2001 between SUPREMA SPECIALTIES, INC., a New York corporation (the "Employer"
or the "Company"), and Mark Cocchiola (the "Employee").

                  WHEREAS, the Employer and the Employee entered into an
employment agreement (the "Employment Agreement") which terminates on April 1,
2002;

                  WHEREAS, Employer and Employee wish to amend the Employment
Agreement to extend the initial termination date of the Employee's employment
and to restate such Employment Agreement to include certain additional
amendments reflected below.

                  NOW, THEREFORE, the Employer and Employee hereby amend and
restate the Employment Agreement to read in its entirety as follows:

                              W I T N E S S E T H :
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                  WHEREAS, the Employer desires to continue to employ the
Employee as its Chairman of the Board, President and Chief Executive Officer and
to be assured of his services as such on the terms and conditions hereinafter
set forth; and

                  WHEREAS, the Employee is willing to accept such employment on
such terms and conditions;

                  NOW, THEREFORE, in consideration of the mutual covenants and
agreements hereinafter set forth, and intending to be legally bound hereby, the
Employer and the Employee hereby agree as follows:

                  1. Term. Employer hereby agrees to employ Employee, and
Employee hereby agrees to serve Employer for a five-year period commencing
effective as of the date of this Agreement (the "Effective Date") (such period
being herein referred to as the "Initial Term," and any year commencing on the
Effective Date or any anniversary of the Effective Date being hereinafter
referred to as an "Employment Year"). After the Initial Term, this Agreement
shall be renewable automatically for successive one year periods (each such
period being referred to as a "Renewal Term"), unless, more than thirty days
prior to the expiration of the Initial Term or any Renewal Term, either the

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Employee or the Company give written notice that employment will not be renewed
("Notice of Non-Renewal"), whereupon (i) if the Employee gives the Notice of
Non-Renewal, the term of the Employee's employment shall terminate upon the
expiration of the Initial Term or the then current Renewal Term, as the case may
be, or (ii) if the Company gives the Notice of Non-Renewal or terminates this
Agreement without Cause, the term of the Employee's employment shall be for a
final five (5) year period (the "Final Renewal Term"), commencing effective at
the date of the Notice of Non-Renewal, unless sooner terminated pursuant to
Section 8 hereof.

                  2. Employee Duties.

                     A. During the term of this Agreement, the Employee shall
have the duties and responsibilities of Chairman of the Board, President and
Chief Executive Officer of the Employer, reporting directly to the Board of
Directors of the Employer (the "Board"). It is understood that such duties and
responsibilities shall be reasonably related to the Employee's position.

                     B. The Employee shall devote substantially all of his
business time, attention, knowledge and skills faithfully, diligently and to the
best of his ability, in furtherance of the business and activities of the
Company.

                  3. Place of Performance. In connection with his employment by
the Company, the Employee shall be based at the Company's principal executive
offices and shall not be required to be absent therefrom on travel status or
otherwise for more than 45 days in any calendar year. The Company shall not,
without the written consent of the Employee, relocate or transfer its principal
executive offices to a location more than thirty miles from the Employee's
principal residence. The Company will promptly pay (or reimburse the Employee
for) all reasonable moving expenses incurred by the Employee relating to a
change of his principal residence in connection with any such relocation of the
Company's principal executive offices to which the Employee has consented, and
will indemnify the Employee against any loss realized in the sale of his
principal residence in connection with any such change of residence.

                  4. Compensation.

                     A. During the term of this Agreement, the Employer shall
pay the Employee a base salary (the "Base Salary") at a rate of $250,000 per
annum in respect of each

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Employment Year, payable in advance in installments, and in the same manner as
the other key employees of the Employer are paid, or at such other times as may
mutually be agreed upon between the Employer and the Employee. Such Base Salary
may be increased from time to time at the discretion of the Board.

                     B. Bonus. In addition to the Employee's Base Salary the
Company shall pay to the Employee an annual bonus (the "Annual Bonus") equal to
5% of the Company's pre-tax profits in excess of $650,000 for the preceding
fiscal year (the Base Salary, as determined pursuant to paragraphs 4.A and 4.B
above, and Annual Bonus, together, referred to as "Base Compensation"). The term
"pre-tax profit" of the Company means the pre-tax profit of the Company's
business excluding extraordinary gains, income, expenses or losses as determined
by the Company's independent public accountants whose determination shall be
final and binding upon the parties hereto. The Annual Bonus shall be payable no
later than 90 days after the end of the Company's fiscal year. In addition to
the foregoing, the Company may, as directed by formal action of its Board of
Directors, formulate and pay additional bonus or discretionary compensation
payments to the Employee, but such additional amounts shall be at the pleasure
of the Board unless pursuant to a written agreement with the Employee.

                     C. In addition to the foregoing, the Employee shall be
entitled to such other cash bonuses and such other compensation in the form of
stock, stock options or other property or rights as may from time to time be
awarded to him by the Board during or in respect of his employment hereunder.

                  5. Benefits.

                     A. During the term of this Agreement, the Employee shall
have the right to receive or participate in all benefits and plans which the
Company may from time to time institute during such period for its employees and
for which the Employee is eligible. Nothing paid to the Employee under any plan
or arrangement presently in effect or made available in the future shall be
deemed to be in lieu of the salary or any other obligation payable to the
Employee pursuant to this Agreement.

                     B. During the term of this Agreement, the Employee will be
entitled to the number of paid holidays, personal days off, vacation days and
sick leave days in each calendar year as are determined by the Company from time
to time for its senior executive officers, but not less than one month

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in any calendar year (prorated, in any calendar year during which the Employee
is employed under this Agreement for less than the entire such year, in
accordance with the number of days in such calendar year during which he is so
employed) . Such vacation may be taken in the Employee's discretion at such time
or times as are not inconsistent with the reasonable business needs of the
Company.

                     C. In order to facilitate travel by the Employee in
performance of his duties hereunder, the Company shall provide the Employee,
without cost to him, with a Company-owned, leased automobile, of his choice. The
Company shall pay all expenses of maintaining, insuring and operating said
automobile upon the presentation of appropriate vouchers and/or costs to the
extent that the Company does not pay such expenses.

                  6. Expenses. During the term of this Agreement, the Company
shall reimburse the Employee for such costs and expenses as the Employee may
reasonably incur in connection with the performance of his duties hereunder,
including, but not limited to, expenses for entertainment, travel and similar
items. The Company will reimburse the Employee for such expenses upon
presentation of expense statements or vouchers or such other supporting
information as the Company may require, in accordance with the policies and
procedures of the Company for the reimbursement of business expenses of its
senior executive officers.

                  7. Insurability; Right to Insure. During the continuance of
the Employee's employment hereunder, the Company shall have the right to
maintain term life insurance in its own name covering the Employee's life in
such amount as shall be determined by the Company for a term ending on the
termination date of this Agreement. The Employee shall aid in the procuring of
such insurance by submitting to the required medical examinations, if required
by filling out, executing and delivering such applications and other instruments
in writing as may be reasonably required by an insurance company or companies to
which application or applications for insurance may be made by or for the
Company.

                  8. Termination. Employee's employment under this Agreement may
be terminated without any breach of this Agreement only on the following
circumstances:

                     8.1. Death. The Employee's employment under this Agreement
shall terminate upon his death.

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                     8.2. Disability. If, as a result of the Employee's
incapacity due to physical or mental illness, the Employee shall have been
absent from his duties under this Agreement for 150 calendar days during any
calendar year, the Employer may terminate the Employee's employment under this
Agreement.

                     8.3. Cause. The Employer may terminate the Employee's
employment under this Agreement for Cause. For purposes of this Agreement, the
Employer shall have "Cause" to terminate the Employee's employment under this
Agreement upon (a) the willful and continued failure by the Employee to
substantially perform his duties under this Agreement (other than any such
failure resulting from the Employee's incapacity due to physical or mental
illness) after demand for substantial performance is delivered by the Employer,
in writing, specifically identifying the manner in which the Employer believes
the Employee has not substantially performed his duties and the Employee fails
to perform as required within 15 days after such demand is made, (b) the willful
engaging by the Employee in criminal misconduct (including embezzlement and
criminal fraud) which is materially injurious to the Employer, monetarily or
otherwise or (c) the conviction of the Employee of a felony. For purposes of
this paragraph, no act, or failure to act, on the Employee's part shall be
considered "willful" unless done, or omitted to be done, by him not in good
faith and without reasonable belief that his action or omission was in the best
interest of the Employer.

                  Notwithstanding the foregoing, the Employee shall not be
deemed to have been terminated for Cause unless and until there shall have been
delivered to the Employee a copy of a resolution, duly adopted by the
affirmative vote of not less than three-quarters of the entire membership of the
Board (other than the Employee) at a meeting of the Board called and held for
such purpose (after reasonable written notice to the Employee and an opportunity
for him, together with his counsel, to be heard before the Board), finding that
in the good faith opinion of the Board, the Employee was guilty of conduct set
forth above in clause (a), (b) or (c), and specifying the particulars thereof in
detail.

                     8.4. Termination by the Employee for Good Reason, Upon a
Change of Control or Because of Ill Health. The Employee may terminate his
employment under this Agreement (a) for Good Reason (as hereinafter defined),
(b) at any time within six months after a Change of Control, or (c) if his
health should

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become impaired to any extent that makes the continued performance of his duties
under this Agreement hazardous to his physical or mental health or his life,
provided that, in the latter case, the Employee shall have furnished the
Employer with a written statement from a qualified doctor to such effect and
provided, further, that at the Employer's request and expense the Employee shall
submit to an examination by a doctor selected by the Employer and such doctor
shall have concurred in the conclusion of the Employee's doctor.

                        8.4.1. Good Reason. For purposes of this Agreement,
"Good Reason" shall mean (a) any assignment to the Employee of any duties or
reporting obligations other than those contemplated by, or any limitation of the
powers of the Employee in any respect not contemplated by, this Agreement, (b)
failure by the Employer to comply with its material obligations and agreements
contained in this Agreement, or (c) failure of the Employer to obtain the
assumption of the agreement to perform this Agreement by any successor as
contemplated in Section 11(f) of this Agreement. With respect to the matters set
forth in clauses (a), (b) and (c) of this paragraph, the Employee must give the
Employer 30 days prior written notice of his intent to terminate this Agreement
as a result of any breach or alleged breach of the applicable provision and the
Employer shall have the right to cure any such breach or alleged breach within
such 30 day period.

                        8.4.2. Change of Control. For purposes of this
Agreement, a "Change of Control" shall be deemed to occur, unless previously
consented to in writing by the Employee, upon (a) individuals who, as of the
date hereof, constitute the Board of Directors of the Employer (the "Incumbent
Board") ceasing for any reason to constitute at least a majority of the Board of
Directors of the Employer (the "Board"); provided, however, that any individual
becoming a director subsequent to the date hereof whose election, or nomination
for election by the Employer's shareholders, was approved by a vote of at least
a majority of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as
such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Securities Exchange Act of 1934, as amended (the "Exchange Act")) or other
actual or threatened solicitation of proxies or consents by or on behalf of a
person other than the Board; (b) the acquisition of

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beneficial ownership (as determined pursuant to Rule 13d-3 promulgated under the
Exchange Act) of 15% or more of the voting securities of the Employer by any
person, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of
the Exchange Act) not affiliated with the Employee or the Employer; provided,
however, that no Change of Control shall be deemed to have occurred for purposes
of this Agreement if such person, entity or group acquires beneficial ownership
of 15% or more of the voting securities of the Employer as a result of a
combination of the Employer or a wholly-owned subsidiary of the Employer with
such person, entity or group or another entity owned or controlled by such
person, entity or group (whether effected by a merger, consolidation, sale of
assets or exchange of stock or otherwise); (c) the commencement of a proxy
contest against the management for the election of a majority of the Board of
the Employer if the group conducting the proxy contest owns, has or gains the
power to vote at least 15% of the voting securities of the Employer; (d) the
consummation of a reorganization, merger or consolidation, or the sale, transfer
or conveyance of all or substantially all of the assets of the Employer to any
person or entity not affiliated with the Employee or the Employer or (e) the
complete liquidation or dissolution of the Employer.

                  9. Notice of Termination.

                  Any termination of the Employee's employment by the Employer
or by the Employee (other than termination by reason of the Employee's death)
shall be communicated by written Notice of Termination to the other party of
this Agreement. For purposes of this Agreement, a "Notice of Termination" shall
mean a notice which shall indicate the specific termination provision in this
Agreement relied upon and shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Employee's
employment under the provision so indicated.

                  10. Date of Termination.

                  The "Date of Termination" shall mean (a) if the Employee's
employment is terminated by his death, the date of his death, (b) if the
Employee's employment is terminated pursuant to Section 8.2 above, the date on
which the Notice of Termination is given, (c) if the Employee's employment is
terminated pursuant to Section 8.3 above, the date specified on the Notice of
Termination after the expiration of any cure periods and (d) if the Employee's
employment is terminated for

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any other reason, the date on which a Notice of Termination is given after the
expiration of any cure periods.

                  11. Compensation Upon Termination or During Disability.

                     (a) If the Employee's employment shall be terminated by
reason of his death, the Employer shall pay to such person as he shall designate
in notice filed with the Employer, or if no such person shall be designated, to
his estate as a lump sum benefit, his full Salary to the date of his death in
addition to any payments to the Employee's spouse, beneficiaries or estate may
be entitled to receive pursuant to any pension or employee benefit plan or life
insurance policy or similar plan or policy then maintained by the Employer, and
such payments shall, assuming the Employer is in compliance with the provisions
of this Agreement, fully discharge the Employer's obligations with respect to
Section 4 of this Agreement, but all other obligations of the Employer under
this Agreement, including the obligations to indemnify, defend and hold harmless
the Employee, shall remain in effect.

                     (b) During any period that the Employee fails to perform
his duties hereunder as a result of incapacity due to physical or mental
illness, the Employee shall continue to receive his Salary until the Employee's
employment is terminated pursuant to Section 8.2 of this Agreement, or until the
Employee terminates his employment pursuant to Section 8.4(a) of this Agreement,
whichever first occurs. After termination, the Employee shall be paid, in equal
monthly installments, 100% of his Base Compensation, at the rate in effect at
the time Notice of Termination is given, for one year, and thereafter for one
additional year at an annual rate equal to 50% of the Base Compensation which
would have been in effect under this Agreement, plus, in each case, any
disability payments otherwise payable by or pursuant to plans provided by the
Employer. To the extent physically and mentally capable of so doing without
potentially impairing or damaging his health, the Employee shall provide
consulting services to the Employer during the period that he is receiving
payments pursuant to this Section 11(b).

                     (c) If the Employee's employment shall be terminated for
Cause, the Employer shall pay the Employee his full Base Compensation through
the Date of Termination, at the rate in effect at the time Notice of Termination
is given, and the Employer shall, assuming the Employer is in compliance with
the provisions of this Agreement, have no further obligations

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with respect to Section 4 of this Agreement, but all other obligations of the
Employer under this Agreement, including the obligations to indemnify, defend
and hold harmless the Employee, shall remain in effect.

                     (d) If (A) in breach of this Agreement, the Employer shall
terminate the Employee's employment other than pursuant to Sections 8.2 or 8.3
hereof (it being understood that a purported termination pursuant to Section 8.2
or 8.3 hereof which is disputed and finally determined not to have been proper
shall be a termination by the Employer in breach of this Agreement), including
as a result of a Change of Control, and/or (B) the Employee shall terminate his
employment for Good Reason or at any time within six months after a Change of
Control, then the Employer shall pay to the Employee:

                        (i) his full Base Compensation through the Date of
Termination at the rate in effect at the time Notice of Termination is given;

                        (ii) for periods subsequent to the Date of Termination
(in lieu of any further payments pursuant to Section 4 of this Agreement),
severance, payable on the first day following the Date of Termination, in a lump
sum amount equal to the higher of (a) $1,250,000 or (b) the total compensation
(including the value of all perquisites, such as health and life insurance and
car allowance and the value of all stock options granted to Employee by Employer
received or earned by the Employee from the Employer during the twelve months
prior to the Termination Date, multiplied by five (5) ("Severance Pay") and;

                        (iii) all other damages to which the Employee may be
entitled as result of the termination of his employment under this Agreement,
including all legal fees and expenses incurred by him in contesting or disputing
any such termination or in seeking to obtain or enforce any right or benefit
provided by this Agreement.

                  The amount (if any) payable pursuant to this Section 11(d)
(the "Severance Total") shall be increased by an amount (the "Increase")
sufficient so that after the payment by the Employee of (A) any income taxes on
the Increase and (B) any excise tax on the sum of (I) the Severance Total and
(II) the Increase, the Employee shall have received an amount (net of such
taxes) equal to the Severance Total. The Employee shall be entitled to receive
initially the entire Severance Total (together with any such additional payments
required to cover

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any excise and income taxes payable as aforesaid) and shall not be required to
repay to the Employer any amount which is ultimately and finally determined by
the Internal Revenue Service (or an appropriate court) to have been in excess of
the amount permitted to be received without incurring such excise tax, and
Employer agrees to use its best efforts to support the Employee's position that
such amounts are not subject to excise tax in any dispute with the Internal
Revenue Service or in any other administrative or judicial proceedings.

                        (iv) The value of the stock options described above will
be determined using a Black-Scholes valuation methodology by an investment bank
reasonably acceptable to both Company and Employee. The fees for such valuation
will be paid by the Company.

                     (e) The Employee shall not be required to mitigate the
amount of any payment provided for in this Section 11 by seeking other
employment or otherwise, nor shall the amount of any payment provided for in
this Section 11 be reduced by any compensation earned by the Employee as the
result of employment by another employer or business or by profits earned by the
Employee from any other source at any time before and after the Date of
Termination.

                     (f) The Employer will require any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Employer, by agreement in
form and substance satisfactory to the Employee, to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that the
Employer would be required to perform it if no such succession had taken place.
Failure of the Employer to obtain such Agreement prior to the effectiveness of
any such succession shall be a breach of this Agreement and shall entitle the
Employee to compensation from the Employer in the same amount and on the same
terms as he would be entitled to hereunder if he terminated his employment for
Good Reason, except for purposes of implementing the foregoing, the date on
which any such succession becomes effective shall be deemed the Date of
Termination. As used in this Agreement, "Employer" shall mean the Employer and
any successor to its business and/or assets which executes the Agreement or
which otherwise becomes bound by the terms and conditions of this Agreement by
operation of law.

                     (g) (A) Upon the occurrence of a Change of Control, or (B)
if in breach of this Agreement, the Employer

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shall terminate the Employee's employment other than pursuant to Sections 8.2 or
8.3 hereof (it being understood that a purported termination pursuant to Section
8.2 or 8.3 hereof which is disputed and finally determined not to have been
proper shall be a termination by the Employer in breach of this Agreement), or
(C) if the Employee shall terminate his employment for Good Reason at any time,
then notwithstanding the vesting and exercisability schedule in any stock option
agreement between the Employer and Employee, all unvested stock options granted
by the Employer to the Employee pursuant to such agreement shall immediately
vest and become exercisable and shall remain exercisable for not less than 180
days thereafter.

                  12. Confidentiality; Noncompetition.

                     (a) The Employer and the Employee acknowledge that the
services to be performed by the Employee under this Agreement are unique and
extraordinary and, as a result of such employment, the Employee will be in
possession of confidential information relating to the business practices of the
Company. The term "confidential information" shall mean any and all information
(verbal and written) relating to the Company or any of its affiliates, or any of
their respective activities, other than such information which can be shown by
the Employee to be in the public domain (such information not being deemed to be
in the public domain merely because it is embraced by more general information
which is in the public domain) other than as the result of breach of the
provisions of this Section 12(a), including, but not limited to, information
relating to: trade secrets, personnel lists, financial information, research
projects, services used, pricing, customers, customer lists and prospects,
product sourcing, marketing and selling and servicing. The Employee agrees that
he will not, during or for a period of two years after the termination of
employment, directly or indirectly, use, communicate, disclose or disseminate to
any person, firm or corporation any confidential information regarding the
clients, customers or business practices of the Company acquired by the Employee
during his employment by Employer, without the prior written consent of
Employer; provided, however, that the Employee understands that Employee will be
prohibited from misappropriating any trade secret at any time during or after
the termination of employment.

                     (b) The Employee hereby agrees that he shall not, during
the period of his employment and for a period of twelve (12) months following
such employment, directly or

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indirectly, within any county (or adjacent county) in any State within the
United States or territory outside the United States in which the Company is
engaged in business during the period of the Employee's employment or on the
date of termination of the Employee's employment, engage, have an interest in or
render any services to any business (whether as owner, manager, operator,
licensor, licensee, lender, partner, stockholder, joint venturer, employee,
consultant or otherwise) competitive with the Company's business activities.
Notwithstanding the foregoing, the Employer shall be permitted to own not more
than 5% of any class of securities of a competitive business which is publicly
traded and/or is registered on reports under the Securities and Exchange Act of
1934.

                     (c) The Employee hereby agrees that he shall not, during
the period of his employment and for a period of twelve (12) months following
such employment, directly or indirectly, take any action which constitutes an
interference with or a disruption of any of the Company's business activities
including, without limitation, the solicitations of the Company's customers, or
persons listed on the personnel lists of the Company. At no time during the term
of this Agreement, or thereafter shall the Employee directly or indirectly,
disparage the commercial, business or financial reputation of the Company.

                     (d) For purposes of clarification, but not of limitation,
the Employee hereby acknowledges and agrees that the provisions of subparagraphs
12(b) and (c) above shall serve as a prohibition against him, during the period
referred to therein, directly or indirectly, hiring, offering to hire, enticing,
soliciting or in any other manner persuading or attempting to persuade any
officer, employee, agent, lessor, lessee, licensor, licensee or customer who has
been previously contacted by either a representative of the Company, including
the Employee, (but only those suppliers existing during the time of the
Employee's employment by the Company, or at the termination of his employment),
to discontinue or alter his, her or its relationship with the Company.

                     (e) Upon the termination of the Employee's employment for
any reason whatsoever, all documents, records, notebooks, equipment, price
lists, specifications, programs, customer and prospective customer lists and
other materials which refer or relate to any aspect of the business of the
Company which are in the possession of the Employee including all copies
thereof, shall be promptly returned to the Company.

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                     (f) The parties hereto hereby acknowledge and agree that
(i) the Company would be irreparably injured in the event of a breach by the
Employee of any of his obligations under this Section 12, (ii) monetary damages
would not be an adequate remedy for any such breach, and (iii) the Company shall
be entitled to injunctive relief, in addition to any other remedy which it may
have, in the event of any such breach.

                     (g) Each of the rights and remedies enumerated in Section
12 shall be independent of the other, and shall be severally enforceable, and
all of such rights and remedies shall be in addition to, and not in lieu of, any
other rights and remedies available to the Company under law or in equity.

                     (h) If any provision contained in this Section 12 is
hereafter construed to be invalid or unenforceable, the same shall not affect
the remainder of the covenant or covenants, which shall be given full effect,
without regard to the invalid portions.

                     (i) If any provision contained in this Section 12 is found
to be unenforceable by reason of the extent, duration or scope thereof, or
otherwise, then the court making such determination shall have the right to
reduce such extent, duration, scope or other provision and in its reduced form
any such restriction shall thereafter be enforceable as contemplated hereby.

                     (j) It is the intent of the parties hereto that the
covenants contained in this Section 12 shall be enforced to the fullest extent
permissible under the laws and public policies of each jurisdiction in which
enforcement is sought (the Employee hereby acknowledging that said restrictions
are reasonably necessary for the protection of the Company). Accordingly, it is
hereby agreed that if any of the provisions of this Section 12 shall be
adjudicated to be invalid or unenforceable for any reason whatsoever, said
provision shall be (only with respect to the operation thereof in the particular
jurisdiction in which such adjudication is made) construed by limiting and
reducing it so as to be enforceable to the extent permissible, without
invalidating the remaining provisions of this Agreement or affecting the
validity or enforceability of said provision in any other jurisdiction.

                     (k) The limitation of Sections 12(a), 12(b) and 12(c) shall
terminate if upon termination of this Agreement for any reason the Company does
not fulfill its obligation as

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required by Section 11 of this Agreement, however, such termination shall not
affect the rights of the Employee to receive all payments undiminished in any
way, provided by Section 11. The provision of this Section 12(k) shall also
apply during the time the Employee is receiving any payments from the Company as
a result of a termination resulting from disability.

                  13. Indemnification. The Employer shall indemnify and hold
harmless the Employee against any and all expenses reasonably incurred by him in
connection with or arising out of (a) the defense of any action, suit or
proceeding in which he is a party, or (b) any claim asserted or threatened
against him, in either case by reason of or relating to his being or having been
an employee, officer or director of the Company, whether or not he continues to
be such an employee, officer or director at the time of incurring such expenses,
except insofar as such indemnification is prohibited by law. Such expenses shall
include, without limitation, the fees and disbursements of attorneys, amounts of
judgments and amounts of any settlements, provided that such expenses are agreed
to in advance by the Employer. The foregoing indemnification obligation is
independent of any similar obligation provided in the Employer's Certificate of
Incorporation or Bylaws, and shall apply with respect to any matters
attributable to periods prior to the Effective Date, and to matters attributable
to his employment hereunder, without regard to when asserted. The Employee shall
be entitled to the protection of any liability insurance policies the Company
may elect to maintain for the benefit of its officers and directors. The Company
shall cause to be maintained in effect for not less than six years from a Change
of Control (to the extend available) policies of directors' and officers'
liability insurance.

                  14. General. This Agreement is further governed by the
following provisions:

                     (a) Notices. All notices relating to this Agreement shall
be in writing and shall be either personally delivered, sent by telecopy
(receipt confirmed) or mailed by certified mail, return receipt requested, to be
delivered at such address as is indicated below, or at such other address or to
the attention of such other person as the recipient has specified by prior
written notice to the sending party. Notice shall be effective when so
personally delivered, one business day after being sent by telecopy or five days
after being mailed.

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                  To the Employer:

                           Suprema Specialties, Inc.
                           510 East 35th Street
                           Post Office Box 280, Park Station
                           Paterson, New Jersey 07543-0280
                           Attention:  President

                  To the Employee:

                           Mark Cocchiola
                           9 Jane Drive
                           Englewood Cliffs, New Jersey 07632

                  With, in either case, a copy in the same manner to:

                           Blank Rome Tenzer Greenblatt LLP
                           405 Lexington Avenue
                           New York, New York 10174
                           Attention: Ethan Seer, Esq.
                                      Martin Luskin, Esq.

                     (b) Parties in Interest. Employee may not delegate his
duties or assign his rights hereunder. This Agreement shall inure to the benefit
of, and be binding upon, the parties hereto and their respective heirs, legal
representatives, successors and permitted assigns.

                     (c) Entire Agreement. This Agreement supersedes any and all
other agreements, either oral or in writing, between the parties hereto with
respect to the employment of the Employee by the Employer and contains all of
the covenants and agreements between the parties with respect to such employment
in any manner whatsoever. Any modification or termination of this Agreement will
be effective only if it is in writing signed by the party to be charged.

                     (d) Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New Jersey. Employee
agrees to and hereby does submit to jurisdiction before any state or federal
court of record in Bergen County, New Jersey, or in the state and county in
which such violation may occur, at Employer's election.

                     (e) Severability. In the event that any term or condition
in this Agreement shall for any reason be held by a court of competent
jurisdiction to be invalid, illegal or

                                      -15-
<PAGE>

unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other term or condition of this Agreement, but this
Agreement shall be construed as if such invalid or illegal or unenforceable term
or condition had never been contained herein.

                     (f) Execution in Counterparts. This Agreement may be
executed by the parties in one or more counterparts, each of which shall be
deemed to be an original but all of which taken together shall constitute one
and the same agreement, and shall become effective when one or more counterparts
has been signed by each of the parties hereto and delivered to each of the other
parties hereto.

                  IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement as of the date first above written.

                                          SUPREMA SPECIALTIES, INC.

                                          By:  /s/ Steven Venechanos
                                               --------------------------------
                                               Name:  Steven Vencchanos
                                               Title: Chief Financial Officer

                                          By:  /s/ Mark Cocchiola
                                               --------------------------------
                                               Mark Cocchiola

                                      -16-<PAGE>   1
                                                                     EXHIBIT 4.2

                              AMENDED AND RESTATED

                                     BY-LAWS

                                       OF

                          McDERMOTT INTERNATIONAL, INC.
                         (as amended to March 7, 2001 )

                                    ARTICLE I

                            Meetings of Stockholders

         Section 1. The annual and any special meetings of the stockholders
shall be held on the date and at the time and place designated in the notice of
such meetings or in a duly executed waiver of notice thereof.

         Section 2. A special meeting of the stockholders may be held at any
time upon the call of the Chief Executive Officer or by order of the Board of
Directors.

         Section 3. Whether or not a quorum is present at any stockholders'
meeting, the meeting may be adjourned from time to time by the vote of the
holders of a majority of the voting power of the shares of the outstanding
capital stock of the Company present in person or represented by proxy at the
meeting, as they shall determine.

         Section 4. Holders of a majority of the voting power of the shares of
the outstanding capital stock of the Company entitled to vote, present in person
or represented by proxy, shall constitute a quorum for the transaction of all
business at any meeting of the stockholders.

<PAGE>   2

                                        2

         Section 5. In all matters arising at stockholders' meetings, a majority
of the voting power of the shares of the outstanding capital stock of the
Company present in person or represented by proxy at the meeting shall be
necessary and sufficient for the transaction of any business, except where some
larger percentage is affirmatively required by law or by the certificate of
incorporation.

         Section 6. At any meeting of stockholders, the chairman of the meeting
may appoint two inspectors who shall subscribe an oath or affirmation to execute
faithfully the duties of inspectors with strict impartiality and according to
the best of their ability, to canvass the votes on any matter and make and sign
a certificate of the result thereof. No candidate for the office of director
shall be appointed as such inspector with respect to the election of directors.
Such inspectors shall be appointed upon the request of the holders of ten
percent (10%) or more of the voting power of the shares of the outstanding
capital stock of the Company present and entitled to vote on such matter.

         Section 7. All elections of directors shall be by ballot. The chairman
of the meeting may cause a vote by ballot to be taken upon any other matter, and
such vote by ballot shall be taken upon the request of the holders of ten
percent (10%) or more of the voting power of the shares of the outstanding
capital stock of the Company present and entitled to vote on such matter.

<PAGE>   3
                                       3

         Section 8. The meetings of the stockholders shall be presided over by
the Chief Executive Officer, or if he is absent or unable to preside, by the
Chairman and if neither the Chief Executive Officer nor the Chairman is present
or able to preside, then by a Vice Chairman; if more than one Vice Chairman is
present and able to preside the Vice Chairman who shall have held such office
for the longest period of time shall preside; if neither the Chief Executive
Officer nor the Chairman nor a Vice Chairman is present and able to preside,
then the President shall preside; if none of the above is present and able to
preside, then a person shall be elected at the meeting to preside over same. The
Secretary of the Company, if present, shall act as secretary of such meetings
or, if he is not present, an Assistant Secretary shall so act; if neither the
Secretary nor an Assistant Secretary is present, then a secretary shall be
appointed by the person presiding over the meeting.

         The order of business shall be as follows:

         (a) Calling of meeting to order

         (b) Election of chairman and the appointment of a secretary, if
         necessary

         (c) Presentation of proof of the due calling of the meeting

         (d) Presentation and examination of proxies

         (e) Settlement of the minutes of the previous meeting

         (f) Reports of officers and committees

<PAGE>   4
                                       4

         (g) The election of directors, if an annual meeting, or a meeting
         called for that purpose

         (h) Unfinished business

         (i) New business

         (j) Adjournment.

         Section 9. At every meeting of the stockholders, all proxies shall be
received and taken in charge of and all ballots shall be received and canvassed
by the secretary of the meeting who shall decide all questions touching the
qualification of voters, the validity of the proxies, and the acceptance or
rejection of votes, unless inspectors shall have been appointed, in which event
such inspectors shall perform such duties and decide such questions with respect
to the matter for which they have been appointed.

         Section 10. At any meeting of the stockholders, only such business
shall be conducted as shall have been brought before the meeting (a) by or at
the direction of the Board of Directors, or (b) by any stockholder of the
Company of record at the time of giving of the notice provided for in this
Section, who shall be entitled to vote at such meeting and who complies with the
notice procedures set forth in this Section. For business to be properly brought
before a stockholder meeting by a stockholder, the stockholder must have given
timely notice thereof in writing to the Secretary of the Company. To be timely,
a stockholder's notice must be addressed to the attention of the Secretary and

<PAGE>   5
                                       5

delivered to or mailed and received at the principal executive offices of the
Company not less than 90 days nor more than 120 days prior to the first
anniversary of the preceding year's annual meeting of stockholders; provided,
however, that if the date of the annual meeting is advanced more than 30 days
prior to or delayed by more than 60 days after such anniversary date, notice by
the stockholder to be timely must be so delivered not earlier than the 120th day
prior to such annual meeting and not later than the close of business on the
later of the 90th day prior to such annual meeting or the 10th day following the
day on which public announcement of the date of such meeting is first made by
the Company. The stockholder's notice shall set forth (i) the name and address
of the stockholder proposing such business and of the beneficial owner, if any,
on whose behalf the proposal or nomination is made; (ii) a representation that
the stockholder is entitled to vote at such meeting and a statement of the
number of shares of the Company which are owned by the stockholder and the
number of shares which are beneficially owned by the beneficial owner, if any;
(iii) a representation that the stockholder intends to appear in person or by
proxy at the meeting to nominate the person or persons or to propose the
business specified in the notice; and (iv) as to each person the stockholder
proposes to nominate for election or re-election as a director, the name and
address of such person and such other information regarding such nominee as
would be required in a

<PAGE>   6
                                       6

proxy statement filed pursuant to the rules of the Securities and Exchange
Commission had such nominee been nominated by the Board of Directors, and a
description of any arrangements or understandings between the stockholder and
such nominee and any other persons (including their names), pursuant to which
the nomination is to be made, and the written consent of each such nominee to
being named in the proxy statement as a nominee and to serve as a director if
elected; or, as to each matter the stockholder proposes to bring before the
meeting, a brief description of the business desired to be brought before the
meeting, the reasons for conducting such business at the meeting, and any
material interest of the stockholder in such business. The chairman of the
meeting may refuse to permit any business to be brought before an annual meeting
by a stockholder not in compliance with the provisions of this Section.
Notwithstanding the foregoing provisions of this Section, a stockholder shall
also comply with all applicable requirements of the Securities Exchange Act of
1934, as amended, and the rules and regulations thereunder, and with all other
applicable laws, rules and regulations, with respect to the matters set forth in
this Section.

<PAGE>   7
                                       7

                                   ARTICLE II

                                    Directors

         Section 1. The business and affairs of the Company shall be managed by
its Board of Directors in accordance with the provisions of the Articles of
Incorporation. The number of Directors shall be as provided in the Articles of
Incorporation.

         Section 2. Meetings of the Board of Directors may be called by the
Chairman or by the Chief Executive Officer or by a majority of the directors by
giving notice to each director.

         Section 3. Meetings of the Board of Directors shall be presided over by
the Chairman, or if the Chairman so requests or is absent or unable to preside,
by the Chief Executive Officer; if neither the Chairman nor the Chief Executive
Officer is present and able to preside, then by a Vice Chairman; if more than
one Vice Chairman is present and able to preside, the Vice Chairman who shall
have held such office for the longest period of time shall preside; if neither
the Chairman nor the Chief Executive Officer nor a Vice Chairman is present and
able to preside, then the President shall preside; if none of the above is
present and able to preside, then one of the Directors shall be elected at the
meeting to preside over same.

         Section 4. Whether or not a quorum is present at any meeting of the
Board of Directors, a majority of the directors present may adjourn the meeting
from time to time as they may determine. Notice need not be given of any such
adjourned

<PAGE>   8
                                       8

meeting if the time and place thereof are announced at the meeting at which the
adjournment is taken. Any business may be transacted at the adjourned meeting
which might have been transacted at the original meeting.

         Section 5. Any committee of the Board of Directors shall have and may
exercise the powers of the Board of Directors in the management of the business
and affairs of the Company to the extent provided in the resolution by which
such committee is designated, except that no such committee shall have authority
to alter or amend the By-Laws, or to fill vacancies in either the Board of
Directors or its own membership. In the absence or disqualification of any
member of such a committee, the member or members thereof present at any meeting
and not disqualified from voting, whether or not he or they constitute a quorum,
may unanimously appoint another member of the Board of Directors to act at the
meeting in the place of any such absent or disqualified member. Each such
committee shall meet at stated times or on notice to all by any of its own
number. It shall fix its own rules of procedure. A majority shall constitute a
quorum and the affirmative vote of a majority of those present at a meeting at
which a quorum is present shall be the act of such committee. Each such
committee shall keep minutes of its proceedings.

         Section 6. Directors shall receive as compensation for their services
an amount in addition to actual expenses incident

<PAGE>   9
                                       9

to the attending of meetings to be fixed by resolution of the Board of
Directors. Nothing in this section shall be construed to preclude a Director
from serving the Company in any other capacity and receiving compensation
therefor.

         Section 7. Beginning with the Company's 2001 annual meeting of the
stockholders, no person shall be nominated to stand for election or re-election
to the Company's Board of Directors if such person will have attained the age of
70 prior to the date of election or re-election. Any Director elected or
re-elected at or after the Company's 2001 annual meeting of stockholders who
attains the age 70 during a term to which he or she was elected or re-elected
shall continue to serve as a Director until the first annual meeting of the
stockholders immediately following his or her attainment of the age of 70, at
which time said Director shall be deemed to have resigned and retired from the
Board of Directors.

         Section 8. A Director of this Corporation who is, under Section 411(a)
of the Employee Retirement Income Security Act of 1974 of the United States of
America, under a disability to serve as a fiduciary of an employee benefit plan,
as that term is defined in Section 3(3) of said Act shall not serve as a
fiduciary of any such employee benefit plan with respect to which the Company or
any of its subsidiaries is an employer as defined in Section 3(5) of said Act;
and, during the period of such disability, such Director shall be precluded from
acting in any

<PAGE>   10
                                       10

manner with respect to any such plan. Any Director who is disabled from serving
as a fiduciary of an employee benefit plan under Section 411(a) of said Act
shall be requested to consent, in writing, to the applicability of this By-Law
to him.

                                   ARTICLE III

                                    Officers

         Section 1. The officers of this Company shall be elected annually by
the Board of Directors at its first meeting following the annual meeting of
stockholders or from time to time and shall hold office until their successors
are elected and qualify, or until their earlier death, resignation or removal.
Such officers shall consist of a Chairman of the Board of Directors, a Chief
Executive Officer, one or more Vice Chairmen of the Board of Directors, a
President, one or more Vice Presidents, a Secretary, a Treasurer and one or more
Controllers. In these By-Laws, the Chairman of the Board of Directors is
sometimes referred to as "Chairman", and the Vice Chairman or Vice Chairmen of
the Board of Directors are sometimes referred to as "Vice Chairman" or "Vice
Chairmen", respectively. The Board of Directors may in addition elect at such
meeting or from time to time one or more Assistant Secretaries and one or more
Assistant Treasurers and one or more Assistant Controllers. Any number of
offices may be held by the same person.

<PAGE>   11
                                       11

         Section 2. The officers shall have such powers and duties as may be
provided in these By-Laws and as may be conferred upon or assigned to them by
the Board of Directors from time to time.

         Section 3. The Chairman shall preside over meetings of the Board of
Directors, as stated elsewhere in these By-Laws.

         Section 4. The Chief Executive Officer shall preside over meetings of
the shareholders, as stated elsewhere in these By-Laws; subject to the direction
of the Board of Directors, he shall have and exercise direct charge of and
general supervision over all business and affairs of the Company and shall
perform all duties incident to the office of the Chief Executive Officer of a
corporation, and such other duties as may be assigned to him by the Board of
Directors.

         Section 5. Each Vice Chairman of the Board of Directors shall have and
exercise such powers and perform such duties as may be conferred upon or
assigned to him by the Board of Directors or by the Chief Executive Officer.

         Section 6. The President shall be the Chief Operating Officer of the
Company and shall have and exercise such powers and perform such duties as may
be conferred upon or assigned to him by the Board of Directors or by the Chief
Executive Officer.

         Section 7. Each Vice President shall have and exercise such powers and
perform such duties as may be conferred upon or assigned to him by the Board of
Directors or by the Chief Executive Officer.

<PAGE>   12
                                       12

         Section 8. Each Controller shall have and exercise such powers and
perform such duties as may be conferred upon or assigned to him by the Board of
Directors or by the Chief Executive Officer.

         Section 9. The Secretary shall give proper notice of meetings of
stockholders and directors, shall be custodian of the book in which the minutes
of such meetings are kept, and shall perform such other duties as shall be
assigned to him by the Board of Directors or by the Chief Executive Officer.

         Section 10. The Treasurer shall keep or cause to be kept accounts of
all monies of the company received or disbursed, shall deposit or cause to be
deposited all monies and other valuables in the name of and to the credit of the
Company in such banks and depositories as the Board of Directors shall
designate, and shall perform such other duties as shall be assigned to him by
the Board of Directors or by the Chief Executive Officer. All checks or other
instruments for the payment of money shall be signed in such a manner as the
Board of Directors may from time to time determine.

         Section 11. Any officers of the Company may be removed, with or without
cause, by resolution adopted by the Board of Directors at a meeting called for
that purpose.

<PAGE>   13
                                       13

                                   ARTICLE IV

                                      Seals

         The corporate seal of this Company shall be a circular seal with the
name of the Company around the border and the word "SEAL" in the center.

                                    ARTICLE V

         Any of these By-Laws may be amended, altered or repealed and additional
By-Laws may be adopted by the Board of Directors by the affirmative vote of a
majority of the whole Board cast at a meeting duly held, except that the vote of
two-thirds of the outstanding shares of the Company entitled to vote shall be
required to amend, alter or repeal Section 1 or Section 8 of Article II or this
Article V (as it applies to said Section 1 and 8 of Article II) of these
By-Laws.

                                   ARTICLE VI

                                 Indemnification

         Section 1. Each person (and the heirs, executors and administrators of
such person) who is or was a director or officer of the Company shall in
accordance with Section 2 of this Article VI be indemnified by the Company
against any and all liability and reasonable expense that may be paid or
incurred by him in connection with or resulting from any actual or threatened
claim, action, suit or proceeding (whether brought by or in the right of the
Company or otherwise), civil, criminal,

<PAGE>   14
                                       14

administrative or investigative, or in connection with an appeal relating
thereto, in which he may become involved, as a party or otherwise, by reason of
his being or having been a director or officer of the Company or, if he shall be
serving or shall have served in such capacity at the request of the Company, a
director, officer, employee or agent of another corporation or any partnership,
joint venture, trust or other entity whether or not he continues to be such at
the time such liability or expense shall have been paid or incurred, provided
such person acted, in good faith, in a manner he reasonably believed to be in or
not opposed to the best interest of the Company and in addition, in criminal
actions or proceedings, had no reasonable cause to believe that his conduct was
unlawful. As used in this ARTICLE VI, the terms, "liability" and "expense" shall
include, but shall not be limited to, counsel fees and disbursements and amounts
of judgments, fines or penalties against, and amounts paid in settlement by,
such director or officer. The termination of any actual or threatened claim,
action, suit or proceeding, civil, criminal, administrative, or investigative,
by judgment, settlement (whether with or without court approval), conviction or
upon a plea of guilty or nolo contendere, or its equivalent, shall not create a
presumption that such director or officer did not meet the standards of conduct
set forth in this Section 1.

         Section 2. Every such director and officer shall be entitled to
indemnification under Section 1 of this ARTICLE VI

<PAGE>   15
                                       15

with respect to any claim, action, suit or proceeding of the character described
in such Section 1 in which he may become in any way involved as set forth in
such Section 1, if (i) he has been wholly successful on the merits or otherwise
in respect thereof, or (ii) the Board of Directors acting by a majority vote of
a quorum consisting of directors who are not parties to (or who have been wholly
successful with respect to) such claim, action, suit or proceeding, finds that
such director or officer has met the standards of conduct set forth in such
Section 1 with respect thereto, or (iii) a court determines that he has met such
standards with respect thereto, or (iv) independent legal counsel (who may be
the regular counsel of the Company) deliver to the Company their written advice
that, in their opinion, he has met such standards with respect thereto.

         Section 3. Expenses incurred with respect to any claim, action, suit or
proceeding of the character described in Section 1 of this ARTICLE VI may be
advanced by the Company prior to the final disposition thereof upon receipt of
an undertaking by or on behalf of the recipient to repay such amount unless it
is ultimately determined that he is entitled to indemnification under this
ARTICLE VI.

         Section 4. The rights of indemnification under this ARTICLE VI shall be
in addition to any rights to which any such director or officer or any other
person may otherwise be entitled by contract or as a matter of law.

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