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                                                                   EXHIBIT 10.31

                           NEGATIVE PLEDGE AGREEMENT

  This Negative Pledge Agreement is made as of August 1, 2001 by and between
NOVOSTE CORPORATION ("Borrower") and Silicon Valley Bank ("Bank").

In connection with, among other documents, the Loan and Security Agreement (the
"Loan Documents") being concurrently executed herewith between Borrower and
Bank, Borrower agrees as follows:

     1.   Except for non-exclusive licenses granted in the ordinary course of
          business, Borrower shall not sell, transfer, assign, mortgage, pledge,
          lease, grant a security interest in, or encumber any of Borrower's
          intellectual property, including, without limitation, the following:

          a.   Any and all copyright rights, copyright applications, copyright
               registrations and like protections in each work or authorship and
               derivative work thereof, whether published or unpublished and
               whether or not the same also constitutes a trade secret, now or
               hereafter existing, created, acquired or held;

          b.   All mask works or similar rights available for the protection of
               semiconductor chips, now owned or hereafter acquired;

          c.   Any and all trade secrets, and any and all intellectual property
               rights in computer software and computer software products now or
               hereafter existing, created, acquired or held;

          d.   Any and all design rights which may be available to Borrower now
               or hereafter existing, created, acquired or held;

          e.   All patents, patent applications and like protections including,
               without limitation, improvements, divisions, continuations,
               renewals, reissues, extensions and continuations-in-part of the
               same, including without limitation the patents and patent
               applications;

          f.   Any trademark and servicemark rights, whether registered or not,
               applications to register and registrations of the same and like
               protections, and the entire goodwill of the business of Borrower
               connected with and symbolized by such trademarks, including
               without limitation;

          g.   Any and all claims for damages by way of past, present and future
               infringements of any of the rights included above, with the
               right, but not the obligation, to sue for and collect such
               damages for said use or infringement of the intellectual property
               rights identified above;

          h.   All licenses or other rights to use any of the Copyrights,
               Patents, Trademarks or Mask Works, and all license fees and
               royalties arising from such use to the extent permitted by such
               license or rights; and

          i.   All amendments, extensions, renewals and extensions of any of the
               Copyrights, Trademarks, Patents, or Mask Works; and

          j.   All proceeds and products of the foregoing, including without
               limitation all payments under insurance or any indemnity or
               warranty payable in respect of any of the foregoing;

     2.   It shall be an event of default under the Loan Documents between
          Borrower and Bank if there is a breach of any term of this Negative
          Pledge Agreement.<PAGE>

                                                                   EXHIBIT 10.32

                              NOVOSTE CORPORATION
                             TERMINATION AGREEMENT

     This Agreement is made as of the ____ day of ______________, 2001 between
Novoste Corporation, a Florida corporation, with its principal offices at 3890
Steve Reynolds Boulevard, Norcross, Georgia 30093 (the "Company") and
____________________________________ (the "Executive"), residing at ____________
_____________________________________________.

     WHEREAS, this Agreement is intended to specify the financial arrangements
that the Company will provide to the Executive upon the Executive's separation
from employment with the Company under any of the circumstances described in
this Agreement;

     WHEREAS, this Agreement is entered into by the Company in the belief that
it is in the best interests of the Company and its shareholders to provide
stable conditions of employment for the Executive notwithstanding the
possibility, threat or occurrence of certain types of change in control, of the
Company thereby enhancing the Company's ability to attract and retain highly
qualified people; and

     NOW, THEREFORE, to assure the Company that it will have the continued
dedication of the Executive notwithstanding the possibility, threat or
occurrence of a bid to take over control of the Company, and to induce the
Executive to remain in the employ of the Company, and for other good and
valuable consideration, the Company and the Executive agree as follows:

     1.  Term of Agreement.  The term of this Agreement shall commence on the
         -----------------
date first written above and shall continue through December 31, 2001; provided
that commencing on January 1, 2002 and each January 1 thereafter, the term of
this Agreement shall automatically be extended for one additional year unless,
not later than 12 months prior to such January 1, the Company shall have given
notice that it does not wish to extend this Agreement (which notice may not, in
any event, be given sooner than January 1, 2002); and provided, further, that
notwithstanding any such notice by the Company not to extend, this Agreement
shall continue in effect for a period of 24 months beyond the term provided in
this Section if a Change in Control (as defined in Section 3(a) below) shall
have occurred during such term.

     2.  Termination of Employment.
         -------------------------
           (a)  Prior to a Change in Control.  Prior to a Change in Control, the
                ----------------------------
     Company may terminate the Executive from employment with the Company at
     will, with or without Cause (as defined in Section 3(c) below), at any
     time. Severance payments and benefits, if any, to which the Executive may
     be entitled upon such a termination of employment shall be governed by the
     terms of the general severance policy of the Company or, if the termination
     is without Cause, occurs within 180 days of a Change in Control, and is in
     contemplation of such Change in Control, then the Executive shall be
     entitled to the benefits set forth in Section 4 hereof as if this
     termination had occurred under Section 2(b)(iii) hereof.

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     (b)  After a Change in Control.
          -------------------------

           (i)  From and after the date of a Change in Control during the term
     of this Agreement, the Company shall not terminate the Executive from
     employment with the Company except as provided in Sections 2(b)(ii) or
     (iii) below or as a result of the Executive's Disability (as defined in
     Section 3(d) below) or his death.

           (ii) From and after the date of a Change in Control, during the term
     of this Agreement, the Company shall have the right to terminate the
     Executive from employment with the Company at any time during the term of
     this Agreement for Cause, by written notice to the Executive, specifying
     the particulars of the conduct of the Executive forming the basis for such
     termination.

           (iii)  From and after the date of a Change in Control during the term
     of this Agreement: (A) the Company shall have the right to terminate the
     Executive's employment without Cause at any time; and (B) the Executive
     shall, upon the occurrence of such a termination by the Company without
     Cause, or upon the voluntary termination of the Executive's employment by
     the Executive for Good Reason be entitled to receive the benefits provided
     in Section 4 below. The Executive shall evidence a voluntary termination
     for Good Reason by written notice to the Company given within 60 days after
     the date of the occurrence of any event that the Executive knows or should
     reasonably have known constitutes Good Reason for voluntary termination.
     Such notice need only identify the Executive and set forth in reasonable
     detail the facts and circumstances claimed by the Executive to constitute
     Good Reason. Any notice given by the Executive pursuant to this Section 2
     shall be effective five business days after the date it is given by the
     Executive.

3.  Definitions.
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       (a)  A "Change in Control" shall mean:

           (i)  a change in control 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 Securities Exchange Act of 1934, as amended (the
     "Exchange Act") or successor provision thereto, whether or not the Company
     is then subject to such reporting requirements;

           (ii) the sale or other disposition to a person (as such term is used
     in Sections 13(d) and 14(d) of the Exchange Act, entity or group (as such
     term is defined in Rule 13d-5 under the Exchange Act) of 50% or more of the
     Company's assets;

           (iii) any "person" (as such term is used in Sections 13(d) and 14(d)
     of the Exchange Act) or group (as defined in Rule 13(d)-5 of the Exchange
     Act) is or becomes the "beneficial owner" (as defined in Rule 13(d)-3 of
     the Exchange Act), directly or indirectly, of securities of the Company
     representing 50% or more of the combined voting power of the Company's then
     outstanding securities;

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           (iv) the Continuing Directors (as defined in Section 3(e) below)
     cease to constitute a majority of the Company's Board of Directors; or

           (v) the majority of the Continuing Directors determine in their sole
     and absolute discretion that there has been a change in control of the
     Company.

     (b)  "Good Reason" shall mean the occurrence of any of the following
events, except for the occurrence of such an event in connection with the
termination or reassignment of the Executive's employment by the Company for
Cause (as defined in Section 3(c) hereof), for Disability (as defined in Section
3(d) hereof) or for death:

           (i) the assignment to the Executive of employment responsibilities
     which are not of comparable responsibility and status as the employment
     responsibilities held by the Executive immediately prior to a Change in
     Control;

           (ii) a relocation of the Company's principal executive offices or the
     Executive's office to a location that is a distance of more than 50 miles
     from its location immediately prior to a Change in Control;

           (iii)  a reduction by the Company in the Executive's annual salary as
     in effect immediately prior to a Change in Control;

           (iv) an amendment or modification of the Company's incentive
     compensation program (except as may be required by applicable law) which
     affects the terms or administration of the program in a manner adverse to
     the interest of the Executive as compared to the terms and administration
     of such program immediately prior to a Change in Control;

           (v) except to the extent otherwise required by applicable law, the
     failure by the Company to continue in effect any benefit or compensation
     plan, stock ownership plan, stock purchase plan, bonus plan, life insurance
     plan, health-and-accident plan or disability plan in which the Executive is
     participating immediately prior to a Change in Control (or plans providing
     the Executive with substantially similar benefits), the taking of any
     action by the Company which would adversely affect the Executive's
     participation in, or materially reduce the Executive's benefits under, any
     of such plans or deprive the Executive of any material fringe benefit
     enjoyed by the Executive immediately prior to such Change in Control, or
     the failure by the Company to provide the Executive with the number of paid
     vacation days to which the Executive is entitled immediately prior to such
     Change in Control in accordance with the Company's vacation policy as then
     in effect; or

           (vi) the failure by the Company to obtain, as specified in Section
     5(a) below, an assumption of the obligations of the Company to perform this
     Agreement by any successor to the Company.

     (c) "Cause" shall mean termination by the Company of the Executive's
employment based upon:

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           (i)  the willful and continued failure by the Executive substantially
     to perform his duties and obligations (other than any such failure
     resulting from his incapacity due to physical or mental illness or any such
     actual or anticipated failure resulting from the Executive's termination
     for Good Reason); or

           (ii) the willful engaging by the Executive in misconduct which is
     materially injurious to the Company, monetarily or otherwise.

For purposes of this Section 3(c), no action or failure to act on the
Executive's part shall be considered "willful" unless done, or omitted to be
done, by the Executive in bad faith and without reasonable belief that his
action or omission was in the best interests of the Company.

           (d) "Disability" shall mean any physical or mental condition which
     would qualify the Executive for a disability benefit under the Company's
     long-term disability plan.

           (e) "Continuing Director" shall mean any person who is a member of
     the Board of Directors of the Company, while such person is a member of the
     Board of Directors, who is not an Acquiring Person (as defined below) or an
     Affiliate or Associate (as defined below) of an Acquiring Person, or a
     representative of an Acquiring Person or of any such Affiliate or
     Associate, and who (1) was a member of the Board of Directors on the date
     of this Agreement as first written above or (2) subsequently becomes a
     member of the Board of Directors, if such person's initial nomination for
     election or initial election to the Board of Directors is recommended or
     approved by a majority of the Continuing Directors. For purposes of this
     Section 3(e): "Acquiring Person" shall mean any "person" (as such term is
     used in Sections 13(d) and 14(d) of the Exchange Act) who or which,
     together with all Affiliates and Associates of such person, is the
     "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act) of 20% or
     more of the shares of common stock of the Company then outstanding, but
     shall not include the Company, any subsidiary of the Company or any
     executive benefit plan of the Company or of any subsidiary of the Company
     or any entity holding shares of common stock organized, appointed or
     established for, or pursuant to the terms of, any such plan; and
     "Affiliate" and "Associate" shall have the respective meanings ascribed to
     such terms in Rule 12b-2 of the Exchange Act.

          (f) "Annualized Includable Compensation" shall mean the average annual
     compensation which was payable by the Company and which was includable in
     the gross income of the Executive.

4.  Benefits upon Termination under Section 2(b)(iii).
    -------------------------------------------------

           (a)  Upon (i) the termination (voluntary or involuntary) of the
     employment of the Executive under circumstances described in Section
     2(b)(iii) above, or (ii) the termination of the employment of the Executive
     without Cause within 180 days of a Change in Control and in contemplation
     of such Change in Control, the Executive shall be entitled to receive the
     benefits specified in this Section 4. The amounts due to the Executive
     under subparagraphs (i), (ii) and (iii) of this Section 4(a) shall be paid
     to the Executive not later than one business day prior to the date that the
     termination of the Executive's

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     employment becomes effective. All benefits to the Executive pursuant to
     this Section 4 shall be subject to any applicable payroll or other taxes
     required by law to be withheld.

               (i) The Company shall pay to the Executive any and all amounts
          earned by the Executive through the date of termination;

               (ii) The Company shall pay to the Executive any and all amounts
          payable to the Executive pursuant to any standard or general severance
          policy of the Company;

               (iii)  in lieu of any further base salary payments to the
          Executive for periods subsequent to the date that the termination of
          the Executive's employment becomes effective, the Company shall pay as
          severance pay to the Executive a lump-sum cash amount equal to two (2)
          times the Executive's Annualized Includable Compensation for the Base
          Period.  For the purpose of this paragraph 4(a)(iii), the Base Period
          shall mean the five most recent taxable years ending before the date
          on which the Change in Control occurs or such portion of which the
          Executive was employed by the Company;

               (iv) the Company shall also reimburse the Executive for all legal
          fees and expenses incurred by the Executive as a result of such
          termination of employment (including all fees and expenses, if any,
          incurred by the Executive in seeking to obtain or enforce any right or
          benefit provided to the Executive by this Agreement whether by
          arbitration or otherwise);

               (v)  the Company shall, at the Executive's request, also pay the
          costs of health care benefits for Executive and Executive's dependents
          under the plan in which Executive was enrolled prior to the date of
          termination or under a plan which provides equal benefits thereto for
          a period of eighteen (18) months from the date of termination; and

               (vi) any and all contracts, agreements or arrangements between
          the Company and the Executive prohibiting or restricting the Executive
          from owning, operating, participating in, or providing employment or
          consulting services to, any business or company competitive with the
          Company at any time or during any period after the date the
          termination of the Executive's employment becomes effective, shall be
          deemed terminated and of no further force or effect as of the date the
          termination of the Executive's employment becomes effective, to the
          extent, but only to the extent, such contracts, agreements or
          arrangements so prohibit or restrict the Executive; provided that the
          foregoing provisions shall not constitute a license or right to use
          any proprietary information of the Company and shall in no way affect
          any such contracts, agreements or arrangements insofar as they relate
          to nondisclosure and nonuse of proprietary information of the Company
          notwithstanding the fact that such nondisclosure and nonuse may
          prohibit or restrict the Executive in certain competitive activities.

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           (b)  The Executive shall not be required to mitigate the amount of
     any payment provided for in this Section 4 by seeking other employment or
     otherwise. The amount of any payment or benefit provided in this Section 4
     shall not be reduced by any compensation earned by the Executive as a
     result of any employment by another employer or from any other source.

           (c)  In the event that any payment or benefit received or to be
     received by the Executive in connection with a Change in Control of the
     Company or termination of the Executive's employment (whether payable
     pursuant to the terms of this Agreement or any other plan, contract,
     agreement or arrangement with the Company, with any person whose actions
     result in a Change in Control of the Company or with any person
     constituting a member of an "affiliated group" as defined in Section
     280G(d)(5) of the Internal Revenue Code of 1986, as amended (the "Code"),
     with the Company or with any person whose actions result in a Change in
     Control of the Company) (collectively, the "Total Payments") would not be
     deductible (in whole or in part) by the Company or such other person making
     such payment or providing such benefit solely as a result of Section 280G
     of the Code, the amount payable to the Executive pursuant to Section 4(a)
     hereof shall be reduced until no portion of the Total Payments is not
     deductible solely as a result of Section 280G of the Code or such amount
     payable to the Executive pursuant to Section 4(a) is reduced to zero. For
     purposes of this limitation, (a) no portion of the Total Payments shall be
     taken into account which in the opinion of tax counsel selected by the
     Company and acceptable to the Executive does not constitute a "parachute
     payment" within the meaning of Section 280G(b)(2) of the Code (such as
     payments payable pursuant to the Company's standard or general severance
     policies); (b) the payment pursuant to Section 4(a) shall be reduced only
     to the extent necessary so that the Total Payments (other than those
     referred to in the immediately preceding clause (a)) in their entirety
     constitute reasonable compensation within the meaning of Section
     280G(b)(4)(B) of the Code, in the opinion of the tax counsel referred to in
     the immediately preceding clause (a); and (c) the value of any other non-
     cash benefit or of any deferred cash payment included in the Total Payments
     shall be determined by the Company's independent auditors in accordance
     with the principles of Sections 280G(d)(3) and (4) of the Code. In case of
     uncertainty as to whether all or some portion of a payment is or is not
     payable to the Executive under this Agreement, the Company shall initially
     make the payment to the Executive, and the Executive agrees to refund to
     the Company any amounts ultimately determined not to have been payable
     under the terms hereof.

     5.  Successors and Binding Agreement.
         --------------------------------

           (a) The Company 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 Company), by
     agreement in form and substance satisfactory to the Executive, to expressly
     assume and agree to perform this Agreement in the same manner and to the
     same extent that the Company would be required to perform it if no such
     succession had taken place. Failure of the Company to obtain such agreement
     prior to the effectiveness of any such succession shall be a breach of this
     Agreement and shall entitle the Executive to compensation from the Company
     in the same amount and on the same terms as the Executive would be entitled
     hereunder if the Executive terminated the

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     Executive's employment after a Change in Control for Good Reason, except
     that for purposes of implementing the foregoing, the date on which any such
     succession becomes effective shall be deemed the date that the termination
     of the Executive's employment becomes effective. As used in this Agreement,
     "Company" shall mean the Company and any successor to its business and/or
     assets which executes and delivers the agreement provided for in this
     Section 5 or which otherwise becomes bound by all the terms and provisions
     of this Agreement by operation of law.

           (b) This Agreement is personal to the Executive, and the Executive
     may not assign or transfer any part of the Executive's rights or duties
     hereunder, or any compensation due to the Executive hereunder, to any other
     person. Notwithstanding the foregoing, this Agreement shall inure to the
     benefit of and be enforceable by the Executive's personal or legal
     representatives, executors, administrators, heirs, distributees, devisees
     and legatees.

     6.  Arbitration.  Any dispute or controversy arising under or in connection
         -----------
with this Agreement shall be settled exclusively by arbitration in the City of
Atlanta, State of Georgia, in accordance with the applicable rules of the
American Arbitration Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction.

     7.  Modification; Waiver.  No provisions of this Agreement may be modified,
         --------------------
waived or discharged unless such waiver, modification or discharge is agreed to
in a writing signed by the Executive and such officer as may be specifically
designated by the Board of Directors of the Company.  No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance
with, any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions
at the same or at any prior or subsequent time.

     8.  Notice.  All notices, requests, demands and all other communications
         ------
required or permitted by either party to the other party by this Agreement
(including, without limitation, any notice of termination of employment and any
notice of intention to arbitrate) shall be in writing and shall be deemed to
have been duly given when delivered personally or received by certified or
registered mail, return receipt requested, postage prepaid, at the address of
the other party, as first written above (directed to the attention of the Board
of Directors and Corporate Secretary in the case of the Company).  Either party
hereto may change its address for purposes of this Section 8 by giving 15 days'
prior notice to the other party hereto.

     9.  Severability.  If any term or provision of this Agreement or the
         ------------
application hereof to any person or circumstances shall to any extent be invalid
or unenforceable, the remainder of this Agreement or the application of such
term or provision to persons or circumstances other than those as to which it is
held invalid or unenforceable shall not be affected thereby, and each term and
provision of this Agreement shall be valid and enforceable to the fullest extent
permitted by law.

     10.  Counterparts.  This Agreement may be executed by facsimile and in
          ------------
several counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

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     11.  Governing Law.  This Agreement has been executed and delivered in the
          -------------
State of Georgia and shall in all respects be governed by, and construed and
enforced in accordance with, the laws of the State of Georgia, including all
matters of construction, validity and performance, and without taking into
consideration the conflict of law provisions of such state.

     12.  Effect of Agreement; Entire Agreement.  The Company and the Executive
          -------------------------------------
understand and agree that this Agreement is intended to reflect their agreement
only with respect to payments and benefits upon termination in certain cases and
is not intended to create any obligation on the part of either party to continue
employment.  To the extent not stated otherwise in this Agreement, this
Agreement supersedes any and all other oral or written agreements or policies
made relating to the subject matter hereof and constitutes the entire agreement
of the parties relating to the subject matter hereof; provided that this
Agreement shall not supersede or limit in any way the Executive's rights under
any stock option agreements or restricted stock awards or under any benefit
plan, program or arrangements in accordance with their terms.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed, all as of the date first written above.

                              NOVOSTE CORPORATION

                              By:
                                 --------------------------------
                              Its:
                                  -------------------------------

                              EXECUTIVE

                              -----------------------------------
                              Name:

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