Document:

<PAGE>

                                                                    EXHIBIT 10.1

                            CYBEX INTERNATIONAL, INC.

                              AMENDED AND RESTATED
                           1995 OMNIBUS INCENTIVE PLAN
                        (As amended through May 7, 2002)

     1.    Purpose. The Cybex International, Inc. 1995 Omnibus Incentive Plan
(the "Plan") is intended to provide incentives which will attract and retain
highly competent persons as officers and key employees of Lumex, Inc. (the
"Company") and its subsidiaries, by providing them opportunities to acquire
shares of the common stock, $.10 par value per share, of the Company ("Common
Stock") or to receive monetary payments based on the value of such shares
pursuant to the Benefits described herein. Furthermore, the Plan, together with
the Company's Stock Ownership Requirements Policy, is intended to assist in
aligning the interests of the Company's officers and key employees to those of
its shareholders.

     2.    Administration. (a) The Plan will be administered by a committee (the
"Committee") appointed by the Board of Directors of the Company from among its
members (which may be the Compensation Committee), which shall be comprised of
not less than two non-employee members of the Board; provided, however, that
each member of the Committee must qualify as a "disinterested person" within the
meaning of Rule 16b-3 (or any successor rule) promulgated under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). The Committee is
authorized, subject to the provisions of the Plan, to establish such rules and
regulations as it deems necessary for the proper administration of the Plan and
to make such determinations and interpretations and to take such action in
connection with the Plan and any Benefits (as defined below) granted hereunder
as it deems necessary or advisable. All determinations and interpretations made
by the Committee shall be binding and conclusive on all participants and their
legal representatives. No member of the Board, no member of the Committee and no
employee of the Company shall be liable for any act or failure to act hereunder,
by any other member or employee or by any agent to whom duties in connection
with the administration of this Plan have been delegated or, except in
circumstances involving his or her bad faith, gross negligence or fraud, for any
act or failure to act by the member or employee.

     (b)   The Committee may delegate its powers and duties under the Plan to
one or more officers of the Company or to a committee of such officers, subject
to such terms, conditions and limitations as the Committee may establish in its
sole discretion; provided, however, that the Committee shall not delegate its
powers and duties under the Plan with regard to officers and key employees of
the Company who are subject to Section 16 of the Exchange Act.

     3.    Participants. Participants will consist of such officers and key
employees of the Company and its subsidiaries as the Committee in its sole
discretion determines to be significantly responsible for the success and future
growth and profitability of the Company and

                                       A-1

<PAGE>

whom the Committee may designate from time to time to receive Benefits under the
Plan. Non-employee directors of the Company shall not be eligible to participate
in the Plan. Designation of a participant in any year shall not require the
Committee to designate such person to receive a Benefit in any other year or,
once designated, to receive the same type or amount of Benefit as granted to the
participant in any other year. The Committee shall consider such factors as it
deems pertinent in selecting participants and in determining the type and amount
of their respective Benefits.

     4.   Type of Benefits. Benefits under the Plan may be granted in any one or
a combination of (a) Stock Options, (b) Stock Appreciation Rights, (c) Stock
Awards, (d) Performance Awards and (e) Bonus Stock Purchase Awards (each as
described below, and collectively, the "Benefits"). Benefits shall be evidenced
by agreements (which need not be identical) in such forms as the Committee may
from time to time approve.

     5.   Common Stock Available under the Plan. The aggregate number of shares
of Common Stock that may be subject to Benefits, including Stock Options,
granted under this Plan shall be 1,250,000 shares of Common Stock, which may be
authorized and unissued or treasury shares, subject to any adjustments made in
accordance with Section 11 hereof. Any shares of Common Stock subject to a Stock
Option which for any reason is cancelled (excluding shares subject to a Stock
Option cancelled upon the exercise of a related Stock Appreciation Right) or
terminated without having been exercised, or any Stock Awards or Performance
Awards which are forfeited, shall again be available for Benefits under the
Plan, to the extent permitted by Rule 16b-3 under the Exchange Act regarding the
availability of such shares.

     6.   Stock Options. Stock Options will consist of awards from the Company
that will enable the holder to purchase a specific number of shares of Common
Stock, at set terms and at a fixed purchase price. Stock Options may be
"incentive stock options" ("Incentive Stock Options") within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") or
Stock Options which do not constitute Incentive Stock Options ("Nonqualified
Stock Options"). The Committee will have the authority to grant to any
participant one or more Incentive Stock Options, Nonqualified Stock Options, or
both types of Stock Options (in each case with or without Stock Appreciation
Rights). Each Stock Option shall be subject to such terms and conditions
consistent with the Plan as the Committee may impose from time to time, subject
to the following limitations:

          (a)   Exercise Price. Each Stock Option granted hereunder shall have
     such per-share exercise price as the Committee may determine at the date of
     grant; provided, however, that the per-share exercise price for Incentive
     Stock Options shall not be less than 100% of the Fair Market Value (as
     defined below) of the Common Stock on the date the option is granted.

          (b)   Payment of Exercise Price. The option exercise price may be paid
     in cash or, in the discretion of the Committee, by the delivery of shares
     of Common Stock of the Company then owned by the participant, by the
     withholding of shares of Common

                                       A-2

<PAGE>

     Stock for which a Stock Option is exercisable, or by a combination of these
     methods. In the discretion of the Committee, payment may also be made by
     delivering a properly executed exercise notice to the Company together with
     a copy of irrevocable instructions to a broker to deliver promptly to the
     Company the amount of sale or loan proceeds to pay the exercise price. To
     facilitate the foregoing, the Company may enter into agreements for
     coordinated procedures with one or more brokerage firms. The Committee may
     prescribe any other method of paying the exercise price that it determines
     to be consistent with applicable law and the purpose of the Plan,
     including, without limitation, in lieu of the exercise of a Stock Option by
     delivery of shares of Common Stock of the Company then owned by a
     participant, providing the Company with a notarized statement attesting to
     the number of shares owned, where upon verification by the Company, the
     Company would issue to the participant only the number of incremental
     shares to which the participant is entitled upon exercise of the Stock
     Option. In determining which methods a participant may utilize to pay the
     exercise price, the Committee may consider such factors as it determines
     are appropriate, including, without limitation, compliance of the
     participant with the Company's Stock Ownership Requirements Policy.

          (c)  Exercise Period. Stock Options granted under the Plan shall be
     exercisable at such time or times and subject to such terms and conditions
     as shall be determined by the Committee; provided, however, that no Stock
     Option shall be exercisable later than ten years after the date it is
     granted. All Stock Options shall terminate at such earlier times and upon
     such conditions or circumstances as the Committee shall in its discretion
     set forth in such option at the date of grant.

          (d)  Limitations on Incentive Stock Options. Incentive Stock Options
     may be granted only to participants who are employees of the Company or one
     of its subsidiaries (within the meaning of Section 424(f) of the Code) at
     the date of grant. The aggregate Fair Market Value (determined as of the
     time the option is granted) of the Common Stock with respect to which
     Incentive Stock Options are exercisable for the first time by a participant
     during any calendar year (under all option plans of the Company and of any
     parent corporation or subsidiary corporation (as defined in Sections 424(e)
     and (f) of the Code, respectively) shall not exceed $100,000. For purposes
     of the preceding sentence, Incentive Stock Options will be taken into
     account in the order in which they are granted. Incentive Stock Options may
     not be granted to any participant who, at the time of grant, owns stock
     possessing(after the application of the attribution rules of Section 424(d)
     of the Code) more than 10% of the total combined voting power of all
     classes of stock of the Company or any parent or subsidiary corporation of
     the Company, unless the option price is fixed at not less than 110% of the
     Fair Market Value of the Common Stock on the date of grant and the exercise
     of such option is prohibited by its terms after the expiration of five
     years from the date of grant of such option.

     7.  Stock Appreciation Rights. The Committee may, in its discretion, grant
Stock Appreciation Rights to the holders of any Stock Options granted hereunder.
In addition, Stock

                                       A-3

<PAGE>

Appreciation Rights may be granted independently of, and without relation to,
options. A Stock Appreciation Right means a right to receive a payment, in cash
or Common Stock, equal to the excess of (x) the Fair Market Value, or other
specified valuation, of a specified number of shares of Common Stock on the date
the right is exercised over (y) the Fair Market Value, or other specified
valuation, of such shares of Common Stock on the date the right is granted, all
as determined by the Committee. Each Stock Appreciation Right shall be subject
to such terms and conditions as the Committee shall impose from time to time,
including, without limitation, rights conditioned upon the occurrence of certain
events, such as a Change in Control (as defined below) of the Company.

     8.   Stock Awards. Stock Awards (which includes mandatory stock bonus
incentive compensation) will consist of Common Stock transferred to participants
with or without other payments therefor as additional compensation for services
to the Company. Stock Awards shall be subject to such terms and conditions as
the Committee determines appropriate, including, without limitation,
restrictions on the sale or other disposition of such shares, the right of the
Company to reacquire such shares for no consideration upon termination of the
participant's employment within specified periods, and conditions requiring that
the shares be earned in whole or in part upon the achievement of performance
goals established by the Committee over a designated period of time. The
Committee may require the participant to deliver a duly signed stock power,
endorsed in blank, relating to the Common Stock covered by such an Award. The
Committee may also require that the stock certificates evidencing such shares be
held in custody or bear restrictive legends until the restrictions thereon shall
have lapsed. The Stock Award shall specify whether the participant shall have,
with respect to the shares of Common Stock subject to a Stock Award, all of the
rights of a holder of shares of Common Stock of the Company, including the right
to receive dividends and to vote the shares.

     9.   Performance Awards.

     (a)  Performance Awards may be granted to participants at any time and from
time to time, as shall be determined by the Committee. The Committee shall have
complete discretion in determining the number, amount and timing of awards
granted to each participant. Such Performance Awards may take the form of, as
determined by the Committee, including, without limitation, cash, shares of
Common Stock, performance units and performance shares, or any combination
thereof. Performance Awards may be awarded as short-term or long-term
incentives. The Committee shall set performance goals at its discretion which,
depending on the extent to which they are met, will determine the number and/or
value of Performance Awards that will be paid out to the participants, and may
attach to such Performance Awards one or more restrictions. Performance goals
may be based upon, without limitation, Company-wide, divisional, project team,
and/or individual performance.

     (b)  The Committee shall have the authority at any time to make adjustments
to performance goals for any outstanding Performance Awards which the Committee
deems

                                       A-4

<PAGE>

necessary or desirable unless at the time of establishment of goals the
Committee shall have precluded its authority to make such adjustments.

     (c)  Payment of earned Performance Awards shall be made in accordance with
terms and conditions prescribed or authorized by the Committee. The participant
may elect to defer, or the Committee may require the deferral of, the receipt of
Performance Awards upon such terms as the Committee deems appropriate.

     10.  Bonus Stock Purchase Awards.

     (a)  The Committee may by written notice permit a participant selected by
the Committee to elect to purchase shares of Common Stock with up to a maximum
percentage, as determined by the Committee, of funds otherwise payable to such
participant pursuant to the Company's annual bonus incentive compensation
program ("Bonus Stock Purchase Awards"). Only those participants who make timely
Bonus Conversion Elections (as defined below) shall be eligible to receive a
Bonus Stock Purchase Award. The amount purchased in accordance with a Bonus
Conversion Election shall be subject to reduction or to such other limitations
as are from time to time established by the Committee.

     (b)  Not later than on a participant's annual bonus payment date, each
participant selected by the Committee may make an irrevocable election ("Bonus
Conversion Election") to convert a fixed percentage of his or her annual
incentive bonus for that fiscal year by filing a conversion election form (as
may be prescribed by the Committee) with the Committee; provided, however, that
any participant who is subject to Section 16 of the Exchange Act must elect to
convert his or her annual incentive bonus at least six months prior to the day
the amount of such bonus is determined, or at such other time as the Committee
may establish.

     (c)  On a participant's annual incentive bonus payment date, an amount
equal to the portion of the participant's bonus that is validly converted shall
be used to purchase a number of shares of Common Stock at a per-share purchase
price fixed by the Committee; provided, however, that the per-share purchase
0price shall not be less than 85% of the Fair Market Value of the Common Stock
on the regular bonus payment date had it been paid in cash. On the same date or
as soon as practicable thereafter, such number of shares of Common Stock shall
be registered in the participant's name, and stock certificates shall be issued
therefor to the participant.

     (d)  Bonus Stock Purchase Awards shall be subject to such terms and
conditions as the Committee determines appropriate, including, without
limitation, restrictions on the sale or other disposition of such shares. The
Committee may also require that stock certificates evidencing such shares bear
restrictive legends until the restrictions thereon shall have lapsed.

     11.  Adjustment Provisions; Change in Control.

                                       A-5

<PAGE>

     (a)  If there shall be any change in the Common Stock of the Company,
through merger, consolidation, reorganization, recapitalization, stock dividend,
stock split, reverse stock split, split up, spinoff, combination of shares,
exchange of shares, dividend in kind or other like change in capital structure
or distribution (other than normal cash dividends) to shareholders of the
Company, an adjustment shall be made to each outstanding Stock Option and Stock
Appreciation Right such that each such Stock Option and Stock Appreciation Right
shall thereafter be exercisable for such securities, cash and/or other property
as would have been received in respect of the Common Stock subject to such Stock
Option or Stock Appreciation Right had such Stock Option or Stock Appreciation
Right been exercised in full immediately prior to such change, and such an
adjustment shall be made successively each time any such change shall occur. In
addition, in the event of any such change, in order to prevent dilution or
enlargement of participants' rights under the Plan, the Committee will have
authority to adjust, in an equitable manner, the number and kind of shares that
may be issued under the Plan, the number and kind of shares subject to
outstanding Benefits, the exercise price applicable to outstanding Benefits, and
the Fair Market Value of the Common Stock and other value determinations
applicable to outstanding Benefits. Appropriate adjustments may also be made by
the Committee in the terms of any Benefits under the Plan to reflect such
changes and to modify any other terms of outstanding Benefits on an equitable
basis, including modifications of performance targets and changes in the length
of performance periods. In addition, the Committee is authorized to make
adjustments to the terms and conditions of, and the criteria included in,
Benefits in recognition of unusual or nonrecurring events affecting the Company
or the financial statements of the Company, or in response to changes in
applicable laws, regulations, or accounting principles. Notwithstanding the
foregoing, (i) each such adjustment with respect to an Incentive Stock Option
shall comply with the rules of Section 424(a) of the Code, and (ii) in no event
shall any adjustment be made which would render any Incentive Stock Option
granted hereunder other than an incentive stock option for purposes of Section
422 of the Code.

     (b)  Notwithstanding any other provision of this Plan, if there is a Change
in Control of the Company, all then outstanding Stock Options and Stock
Appreciation Rights shall immediately become exercisable. For purposes of this
Section 11(b), a "Change in Control" of the Company shall be deemed to have
occurred upon any of the following events:

          (i)    A change in control of the direction and administration of the
     Company's business of a nature that would be required to be reported in
     response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under
     the Exchange Act; or

          (ii)   During any period of two (2) consecutive years, the individuals
     who at the beginning of such period constitute the Company's Board of
     Directors or any individuals who would be "Continuing Directors" (as
     hereinafter defined) cease for any reason to constitute at least a majority
     thereof; or

          (iii)  The Company's Common Stock shall cease to be publicly traded;
     or

                                       A-6

<PAGE>

          (iv)  The Company's Board of Directors shall approve a sale of all or
     substantially all of the assets of the Company, and such transaction shall
     have been consummated; or

          (v)   The Company's Board of Directors shall approve any merger,
     consolidation, or like business combination or reorganization of the
     Company, the consummation of which would result in the occurrence of any
     event described in Section 11(b)(ii) or (iii) above, and such transaction
     shall have been consummated.

Notwithstanding the foregoing, any spin-off of a division or subsidiary of the
Company to its shareholders shall not constitute a Change in Control of the
Company.

     For purposes of this Section 11(b), "Continuing Directors" shall mean the
directors of the Company in office on the Effective Date (as defined below) and
any successor to any such director and any additional director who after the
date of such effectiveness (i) was nominated or selected by a majority of the
Continuing Directors in office at the time of his nomination or selection and
(ii) is not an "affiliate" or 44 associate" (as defined in Regulation 12B under
the Exchange Act) at the time of his nomination or selection of any person who
is the beneficial owner, directly or indirectly, of securities representing ten
percent (10%) or more of the combined voting power of the Company's outstanding
securities then ordinarily entitled to vote for the election of directors.

     The Committee, in its discretion, may determine that, upon the occurrence
of a Change in Control of the Company, each Stock Option and Stock Appreciation
Right outstanding hereunder shall terminate within a specified number of days
after notice to the holder, and such holder shall receive, with respect to each
share of Common Stock subject to such Stock Option or Stock Appreciation Right,
in an amount equal to the excess of the Fair Market Value of such shares of
Common Stock immediately prior to the occurrence of such Change in Control over
the exercise price per share of such Stock Option or Stock Appreciation Right;
such amount to be payable in cash, in one or more kinds of property (including
the property, if any, payable in the transaction) or in a combination thereof,
as the Committee, in its discretion, shall determine. The provisions contained
in the preceding sentence shall be inapplicable to a Stock Option or Stock
Appreciation Right granted within six (6) months before the occurrence of a
Change in Control if the holder of such Stock Option or Stock Appreciation Right
is subject to the reporting requirements of Section 16(a) of the Exchange Act.

     12.  Nontransferability. Each Benefit granted under the Plan to a
participant shall not be transferable otherwise than by will or the laws of
descent and distribution, and shall be exercisable, during the participant's
lifetime, only by the participant. In the event of the death of a participant
while the participant is rendering services to the Company, each Stock Option or
Stock Appreciation Right theretofore granted to him shall be exercisable during
such period after his death as the Committee shall in its discretion set forth
in such option or right at the date of grant (but not beyond the stated duration
of the option or right) and then only:

                                       A-7

<PAGE>

          (a)  By the executor or administrator of the estate of the deceased
     participant or the person or persons to whom the deceased participant's
     rights under the Stock Option or Stock Appreciation Right shall pass by
     will or the laws of descent and distribution; and

          (b)  To the extent that the deceased participant was entitled to do so
     at the date of his or her death. Notwithstanding the foregoing, at the
     discretion of the Committee, an award of a Benefit other than an Incentive
     Stock Option may permit the transferability of a Benefit by a participant
     solely to members of the participant's immediate family or trusts or family
     partnerships for the benefit of such persons, subject to any restriction
     included in the award of the Benefit.

     13. Other Provisions. The award of any Benefit under the Plan may also be
subject to such other provisions (whether or not applicable to the Benefit
awarded to any other participant) as the Committee determines appropriate,
including, without limitation, for the installment purchase of Common Stock
under Stock Options, for the installment exercise of Stock Appreciation Rights,
to assist the participant in financing the acquisition of Common Stock, for the
forfeiture of, or restrictions on resale or other disposition of, Common Stock
acquired under any form of Benefit, for the acceleration of exercisability or
vesting of Benefits in the event of a change in control of the Company, for the
payment of the value of Benefits to participants in the event of a change in
control of the Company, or to comply with federal and state securities laws, or
understandings or conditions as to the participant's employment in addition to
those specifically provided for under the Plan.

     14. Fair Market Value. For purposes of this Plan and any Benefits awarded
hereunder, Fair Market Value shall be the closing price for the Company's Common
Stock on the date of calculation (or on the last preceding trading date if
Common Stock was not traded on such date) if the Company's Common Stock is
readily tradeable on a national securities exchange or other market system, and
if the Company's Common Stock is not readily tradeable, Fair Market Value shall
mean the amount determined in good faith by the Committee as the fair market
value of the Common Stock of the Company.

     15. Withholding. All payments or distributions of Benefits made pursuant to
the Plan shall be net of any amounts required to be withheld pursuant to
applicable federal, state and local tax withholding requirements. If the Company
proposes or is required to distribute Common Stock pursuant to the Plan, it may
require the recipient to remit to it or to the corporation that employs such
recipients art amount sufficient to satisfy such tax withholding requirements
prior to the delivery of any certificates for such Common Stock. In lieu
thereof, the Company or the employing corporation shall have the right to
withhold the amount of such taxes from any other sums due or to become due from
such corporation to the recipient as the Committee shall prescribe. The
Committee may, in its discretion and subject to such rules as it may adopt
(including any as may be required to satisfy applicable tax and/or non-tax
regulatory requirements), permit an optionee or award or right holder to pay all
or a portion of the federal,

                                       A-8

<PAGE>

state and local withholding taxes arising in connection with any Benefit
consisting of shares of Common Stock by electing to have the Company withhold
shares of Common Stock having a Fair Market Value equal to the amount to be
withheld.

     16. Tenure. A participant's right, if any, to continue to serve the Company
as an officer, employee, or otherwise, shall not be enlarged or otherwise
affected by his or her designation as a participant under the Plan.

     17. Unfunded Plan. Participants shall have no right, title, or interest
whatsoever in or to any investments which the Company may make to aid it in
meeting its obligations under the Plan. Nothing contained in the Plan, and no
action taken pursuant to its provisions, shall create or be construed to create
a trust of any kind, or a fiduciary relationship between the Company and any
participant, beneficiary, legal representative or any other person. To the
extent that any person acquires a right to receive payments from the Company
under the Plan, such right shall be no greater than the right of an unsecured
general creditor of the Company. All payments to be made hereunder shall be paid
from the general funds of the Company and no special or separate fund shall be
established and no segregation of assets shall be made to assure payment of such
amounts except as expressly set forth in the Plan. The Plan is not intended to
be subject to the Employee Retirement Income Security Act of 1974, as amended.

     18. No Fractional Shares. No fractional shares of Common Stock shall be
issued or delivered pursuant to the Plan or any Benefit. The Committee shall
determine whether cash, or Benefits, or other property shall be issued or paid
in lieu of fractional shares or whether such fractional shares or any rights
thereto shall be forfeited or otherwise eliminated.

     19. Duration, Amendment and Termination. No Benefit shall be granted more
than ten years after the Effective Date; provided, however, that the terms and
conditions applicable to any Benefit granted prior to such date may thereafter
be amended or modified by mutual agreement between the Company and the
participant or such other persons as may then have an interest therein. Also, by
mutual agreement between the Company and a participant hereunder, under this
Plan or under any other present or future plan of the Company, Benefits may be
granted to such participant in substitution and exchange for, and in
cancellation of, any Benefits previously granted such participant under this
Plan, or any other present or future plan of the Company. The Board of Directors
may amend the Plan from time to time or suspend or terminate the Plan at any
time. However, no action authorized by this Section 19 shall reduce the amount
of any existing Benefit or change the terms and conditions thereof without the
participant's consent. No amendment of the Plan shall, without approval of the
stockholders of the Company, (i) materially increase the total number of shares
which may be issued under the Plan; (ii) materially increase the amount or type
of Benefits that may be granted under the Plan; or (iii) materially modify the
requirements as to eligibility for Ben'efits under the Plan.

     20. Governing Law. This Plan, Benefits granted hereunder and actions taken
in connection herewith shall be governed and construed in accordance with the
laws of the State of

                                       A-9

<PAGE>

New York (regardless of the law that might otherwise govern under applicable New
York principles of conflict of laws).

     21. Compliance with Rule 16b-3. With respect to persons subject to Section
16 of the Exchange Act, transactions under the Plan are intended to comply with
all applicable conditions of Rule 16b-3 (or its successors) promulgated under
the Exchange Act. To the extent any provision of the Plan or action by the
Committee fails to comply, it shall be deemed null and void, to the extent
permitted by law and deemed advisable by the Committee.

     22. Effective Date. (a) The Plan shall become effective as of March 8,
1995, the date on which the Plan was adopted by the Board of Directors (the
"Effective Date"), provided that the Plan is approved by the shareholders of the
Company at an annual meeting or any special meeting of shareholders of the
Company, and such approval of shareholders shall be a condition to the right of
each participant to receive any Benefits hereunder. Any Benefits granted under
the Plan prior to such approval of shareholders shall be effective for purposes
of Section 16 of the Exchange Act as of the date such shareholder approval is
obtained and for all other purposes as of the date of grant (unless, with
respect to any Benefit, the Committee specifies otherwise at the time of grant),
but no such Benefit may be exercised or settled and no restrictions relating to
any Benefit may lapse prior to such shareholder approval, and if shareholders
fail to approve the Plan as specified hereunder, any such Benefit shall be
cancelled.

     (b) This Plan shall terminate on March 7, 2005 (unless sooner terminated by
the Board of Directors).

                                     A-10<PAGE>

                                                                    EXHIBIT 10.2

                            CYBEX INTERNATIONAL, INC.

               2002 STOCK RETAINER PLAN FOR NONEMPLOYEE DIRECTORS

     1.  Purpose. The Cybex International, Inc. 2002 Stock Retainer Plan for
Nonemployee Directors (the "Plan") is intended (i) to further the identity of
interests of the directors of Cybex International, Inc. (the "Company") who are
neither officers nor employees of the Company or its subsidiaries ("Nonemployee
Directors") with the interests of the Company's shareholders, (ii) to stimulate
and sustain constructive and imaginative thinking by such Nonemployee Directors,
and (iii) to induce the service or continued service of the most highly
qualified individuals to serve as Nonemployee Directors of the Company.

     2.  Participants. All Nonemployee Directors are eligible to participate in
the Plan and each such director will participate as described in Section 4
hereof.

     3.  Common Stock Available under the Plan. The aggregate number of shares
of common stock, $.10 par value per share ("Common Stock"), of the Company that
may issued under this Plan shall be 150,000 shares of Common Stock, which may be
authorized and unissued shares or treasury shares, subject to any adjustments
made in accordance with Section 6 hereof. If any shares of Common Stock issued
pursuant to a Stock Retainer (as defined below) shall, after issuance, be
reacquired by the Company for any reason, such shares may again be issued
pursuant to the Plan, to the extent permitted by Rule 16b-3 (or any successor
rule) promulgated under the Securities Exchange Act of 1934, as amended (the
"Exchange Act").

     4.  Stock Retainer. (a) Except as provided herein, from and after January
1, 2002, on December 31 of each calendar year (each, a "Payment Date"), each
person serving as a Nonemployee Director on such Payment Date will, for service
as such, be issued a number of shares of Common Stock ("Stock Retainer") equal
to the quotient obtained by dividing (i) fifty percent (50%) of his annual
retainer (the "Retainer Amount") by (ii) the Fair Market Value (as defined
herein) of a share of Common Stock on January 1 of such calendar year. To the
extent that such calculation does not result in a whole number of shares, the
fractional share shall be rounded upwards to the next whole number so that no
fractional shares shall be issued.

     (b) In the event that a Stock Retainer is to be paid on a Payment Date to a
Nonemployee Director who shall have commenced service as a Nonemployee Director
subsequent to the immediately preceding Payment Date, his Stock Retainer shall
be adjusted to reflect the percentage of the year during which such Nonemployee
Director served as such.

     (c) In the event a Nonemployee Director shall cease to serve as a director
of the Company between Payment Dates, such person shall receive a Stock Retainer
equal to the Stock

                                       1

<PAGE>

Retainer that would otherwise have been paid on the immediately following
Payment Date had such person continued to serve, adjusted to reflect the
percentage of the year during which such person served as a Nonemployee
Director, and such Stock Retainer shall be paid as soon as practicable following
the date the Nonemployee Director ceases to serve as a director of the Company.

     (d) The stock certificate representing the Stock Retainer shall be
delivered to each Nonemployee Director as soon as practicable following each
Payment Date. After the delivery of the shares, each Nonemployee Director shall
have all the rights of a shareholder with respect to such shares (including the
right to vote such shares and the right to receive all dividends paid with
respect to such shares); provided, however; shares of Common Stock received
pursuant to a Stock Retainer in respect of a Payment Date may not be sold,
transferred, assigned, pledged, hypothecated or otherwise disposed of until at
least six months and one day after such Payment Date.

     (e) Notwithstanding the foregoing, no Stock Retainer will be issued to a
Nonemployee Director who is removed for cause, as specified in the Company's
Restated Certificate of Incorporation, as the same may be amended.

     5.  Fair Market Value. For purposes of this Plan, Fair Market Value shall
be the closing price for the Company's Common Stock on the date of calculation
(or on the last preceding trading date if Common Stock was not traded on the
date of calculation) if the Company's Common Stock is readily tradeable on a
national securities exchange or other market system, and if the Company's
Common Stock is not readily tradeable, Fair Market Value shall mean the amount
determined in good faith by the Board of Directors as the fair market value of
the Common Stock of the Company.

     6.  Adjustment Provisions.

     (a) In the event that any reclassification, split-up or consolidation of
the Common Stock shall be effected, or the outstanding shares of Common Stock
are, in connection with a merger or consolidation of the Company or a sale by
the Company of all or a part of its assets, exchanged for a different number or
class of shares of stock or other securities or property of the Company or for
shares of the stock or other securities or property of any other corporation or
person, or a record date for determination of holders of Common Stock entitled
to receive a dividend payable in Common Stock shall occur, (i) the number and
class of shares that may be issued pursuant to Stock Retainers thereafter paid,
and (ii) the number and class of shares that have not been issued under
effective Stock Retainers, shall in each case be equitably adjusted as
determined by the Board of Directors.

     (b) In the event that any spin-off or other distribution of assets of the
Company to its shareholders shall occur, the number and class of shares that may
be issued pursuant to Stock Retainers thereafter paid shall be equitably
adjusted as determined by the Board of Directors.

                                       2

<PAGE>

     7.  General Provisions.

     (a) Nothing in this Plan or in any instrument executed pursuant hereto
shall confer upon any person any right to continue to serve as a Nonemployee
Director of the Company.

     (b) No shares of Common Stock shall be issued pursuant to a Stock Retainer
unless and until all legal requirements applicable to the issuance of such
shares have been complied with in the opinion of counsel to the Company. In
connection with any such issuance, the person acquiring the shares shall, if
requested by the Company, give assurances, satisfactory to counsel to the
Company, in respect of such matters as the Company may deem desirable to assure
compliance with all applicable legal requirements.

     (c) No person (individually or as a member of a group), and no beneficiary
or other person claiming under or through him, shall have any right, title or
interest in or to any shares of Common Stock allocated or reserved for the
purposes of this Plan or subject to any Stock Retainer except as to such shares
of Common Stock, if any, as shall have been issued to him.

     (d) Nothing in this Plan is intended to be a substitute for, or shall
preclude or limit the establishment or continuation of, any other plan, practice
or arrangement for the payment of compensation or benefits to Nonemployee
Directors that the Company now has or may hereafter put into effect.

     (e) It shall be a condition to the obligation of the Company to issue
shares of Common Stock hereunder, that the participant pay to the Company, upon
its demand, such amount as may be requested by the Company for the purpose of
satisfying any liability to withhold federal, state, local or foreign income or
other taxes. If the amount requested is not paid, the Company shall have no
obligation to issue, and the participant shall have no right to receive, shares
of Common Stock.

     8.  Duration, Amendments and Termination.

     (a) No Stock Retainers shall be paid under this Plan with respect to any
period beginning after December 31, 2011. The Board of Directors may amend or
suspend the Plan from time to time or terminate the Plan at any time; provided,
however, that (i) no amendment shall become effective without the approval of
the shareholders of the Company to the extent shareholder approval is required
in order to comply with Rule 16b-3, and (ii) neither the Retainer Amount, nor
any other provision of this Plan affecting the number of shares of Common Stock
receivable pursuant to a Stock Retainer or the frequency with which Stock
Retainers are paid, shall be amended or otherwise modified more than once every
six months, except as may be necessary or appropriate to comport with the
Internal Revenue Code of 1986 or the Employee Retirement Income Security Act of
1974, as either of the same may be amended, or the rules and regulations
promulgated thereunder.

     (b) No amendment, suspension or termination of this Plan shall adversely
affect any Stock Retainer theretofore paid.

                                       3

<PAGE>

     9.  Governing Law. This Plan and actions taken in connection herewith shall
be governed and construed in accordance with the laws of the State of New York
(regardless of the law that might otherwise govern under applicable New York
principles of conflict of laws).

     10. Compliance with Rule 16b-3. With respect to persons subject to Section
16 of the Exchange Act, transactions under the Plan are intended to comply with
all applicable conditions of Rule 16b-3 under the Exchange Act. To the extent
any provision of the Plan fails to so comply, it shall be deemed null and void,
to the extent permitted by law and deemed advisable by the Board of Directors.

     11. Effective Date. (a) This Plan was approved by the Board of Directors on
December 11, 2001, subject to shareholder approval. This Plan, upon being
approved by the shareholders of the Company at an annual or any special meeting
of the shareholders of the Company, shall be deemed effective as of January 1,
2002 (the "Effective Date").

         (b) This Plan shall terminate on December 31, 2011 (unless sooner
terminated by the Board of Directors).

                                        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]