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                                                                   EXHIBIT 10(z)

                           MARLTON TECHNOLOGIES, INC.
                        INCENTIVE STOCK OPTION AGREEMENT

        THIS STOCK OPTION (the "Option") is granted this 7th day of August,
2000, by MARLTON TECHNOLOGIES, INC., a New Jersey corporation (the "Company") to
ALAN I. GOLDBERG (the "Optionee").

                              W I T N E S S E T H ;

         1. Grant. Pursuant to the Company's 1990 Incentive Stock Option Plan
(the "Plan"), the Company hereby grants to the Optionee Incentive Stock Options
(the "Options") to purchase on the terms and conditions hereinafter set forth an
aggregate of One Hundred Sixty Two Thousand, Two Hundred (162,200) shares of the
Company's Common Stock, par value, $.10 per share (the "Option Shares"), at the
purchase price of $1.60 per share (the "Option Price"), subject to adjustment as
provided in Paragraph 5. Capitalized terms used in this Agreement and not
otherwise defined herein shall have the meanings assigned to such terms in the
Plan.

         2. Term. This Option Agreement and Optionee's right to acquire Options
vested in accordance with Paragraph 3 shall terminate at 5:00 p.m. (local
Philadelphia time) on July 31, 2010, notwithstanding Optionee's earlier death,
Total Disability or termination of employment by the Company or by Optionee for
any reason.

         3. Vesting. The Options will vest (all such Options upon vesting shall
constitute Accrued Installments under the Plan) as follows:

            (a) Options to purchase 62,500 Option Shares will vest on August 7,
2000.

            (b) Options to purchase 62,500 Option Shares will vest on January 1,
2001 provided Optionee continues in the employment of the Company.

            (c) Options to purchase 37,200 Option Shares will vest on January 1,
2002 provided Optionee continues in the employment of the Company.

            (d) All Options will vest immediately in their entirety in the event
of a Terminating Transaction of the Company or in the event Optionee's
employment with the Company is terminated by the Company or by Optionee for any
reason, including without limitation due to death or Total Disability. Any such
vested Options of the deceased Optionee may be exercised prior to their
expiration only by the person or persons whom the Optionee's Option rights pass
by will or the laws of descent and distribution.

         4. Method of Exercise and Payment. This Option may be exercised with
respect to vested Option Shares from time to time, in whole or in part. When
exercisable under Paragraph 3, the Option may be exercised by written notice to
the Company specifying the total number of Option Shares to be exercised. The
notice shall be accompanied by payment in cash or by check equal to the
aggregate Option Price of all Option Shares covered by such notice, or Optionee
may elect to pay for some or all of the Option Shares with shares of Common
Stock of the Company previously acquired and owned by Optionee at the time of
exercise of this Option, in accordance with the provisions of Section 6.06(b) of
the Plan. Such exercise shall be effective upon the actual receipt by the
Company of such written notice and payment.

         5. Adjustments. The Option Shares and the Option Price are subject to
adjustment as provided in Section 6.09 of the Plan. The Option Price will also
be adjusted in the event shares, or options to acquire shares, of Common Stock
are issued after the date of this Option Agreement to officers or directors of
the Company at a price (or, in the case of options, having an exercise price)
lower than the Option Price. In such event, the Option Price will be adjusted to
equal the purchase price of such shares or the exercise price of such options,
as the case may be, but in no event will the Option Price be less than the Fair
Market Value of shares of the Company's Common Stock on the date of this Option
Agreement unless Optionee elects in writing to have this Option Agreement
treated as a Non-Qualified Option under the Plan.

                                       17
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        6. Notices. Any notice to be given to the Company shall be addressed to
the Company at its principal executive office, and any notice to be given to the
Optionee shall be addressed to the Optionee at the address then appearing on the
personnel records of the Company or at such other address as either party
hereafter may designate in writing to the other. Any such notice shall be deemed
to have been duly given when deposited in the United States mail, addressed as
aforesaid, registered or certified mail, and with proper postage and
registration or certification fees prepaid.

        7. Tax Provision. This Option Agreement shall be interpreted and
construed in a manner consistent with, and to satisfy the requirements of, the
incentive stock option provisions of the Internal Revenue Code of 1986, as it
may be amended from time to time (the "Code") and of the Plan. This Option
Agreement is intended to satisfy the requirements of the Plan, Section 422A(b)
of the Code and qualify for special tax treatment under Section 421 et seq of
the Code.

        IN WITNESS WHEREOF, the Company has granted this Option on the day and
year first above written.

                                 MARLTON TECHNOLOGIES, INC.

                                 By:___________________________________
                                    Robert B. Ginsburg, Chief Executive Officer

                                 Attest: ________________________________
                                         Alan I. Goldberg, Secretary

                                 ACCEPTED BY:

                                 ---------------------------------
                                 Alan I. Goldberg

                                       18<PAGE>

                                                                  EXHIBIT 10(AA)

                           MARLTON TECHNOLOGIES, INC.
                             STOCK OPTION AGREEMENT

         THIS STOCK OPTION (the "Option") is granted this 7th day of August,
2000 by MARLTON TECHNOLOGIES, INC., a New Jersey corporation (the "Company") to
[Seymour Hernes, Jeffrey Harrow, Fred Cohen, William Hamilton] (the "Optionee").

                              W I T N E S S E T H:

         1. Grant. Pursuant to the Company's 1992 Director Stock Plan, as
amended (the "Plan"), the Company hereby grants to the Optionee Stock Options
(the "Options") to purchase on the terms and conditions set forth in the Plan
and herein, an aggregate of Twenty Thousand (20,000) shares of the Company's
Common Stock, par value, $.10 per share (the "Option Shares"), at the purchase
price of Two Dollars ($2.00) per share (the "Option Price"). Capitalized terms
used in this Agreement and not otherwise defined herein shall have the meanings
assigned to such terms in the Plan.

         2. Term. This Option Agreement and Optionee's right to acquire Options
vested in accordance with Paragraph 3 shall terminate at 5:00 p.m. (local
Philadelphia time) on June 21, 2005.

         3. Vesting. Options to purchase 10,000 Option Shares will be fully
vested as of August 7, 2000. Options to purchase an additional 834 Option Shares
will vest each month (with respect to the first and last months hereunder 15 or
more days of service in a month shall be deemed a full month, and less than 15
days of service in a month shall be deemed no service during such month) that
Optionee continues as a director of the Company subsequent to June 21, 2000,
provided the aggregate of the Option Shares vested does not exceed 20,000.

         4. Method of Exercise and Payment. This Option may be exercised with
respect to vested Option Shares from time to time, in whole or in part. When
exercisable under Paragraph 3, the Option may be exercised by written notice to
the Company specifying the total number of Option Shares to be exercised. The
notice shall be accompanied by payment in cash or by check equal to the
aggregate Option Price of all Option Shares covered by such notice. Such
exercise shall be effective upon the actual receipt by the Company of such
written notice and payment.

         5. Notices. Any notice to be given to the Company shall be addressed to
the Company at its principal executive office, and any notice to be given to the
Optionee shall be addressed to the Optionee at the address then appearing on the
records of the Company or at such other address as either party hereafter may
designate in writing to the other. Any such notice shall be deemed to have been
duly given when deposited in the United States mail, addressed as aforesaid,
registered or certified mail, and with proper postage and registration or
certification fees.

         6. General. This Option shall not be assignable by Optionee. This
Option Agreement shall not be subject to the provisions and restrictions of
Section 421, 422A(b) et. Seq. of the Internal Revenue Code of 1986, as it may be
amended from time to time. Stock certificates representing the Option Shares
acquired shall bear any legends required by applicable state and federal
securities laws. Company stock issuances are unregistered, requiring a one-year
holding period.

         IN WITNESS WHEREOF, the Company has granted this Option as of the day
and year first above written.

                                               MARLTON TECHNOLOGIES, INC.

Attest: ___________________________            By:___________________________
        Alan I. Goldberg, Secretary               Robert B. Ginsburg, President

                                       19<PAGE>

                                                                    EXHIBIT 10.1

                                 JUST TOYS, INC.
                               20 Livingstone Ave.
                              Dobbs Ferry, NY 10522

                                  May 23, 2000

Mr. Mehmet Gunduz Yalcin
70 Albee Drive
Braintree, MA  02184

Dear Gunduz:

         I am delighted that you have agreed to join Just Toys, Inc. (the
"Company"). This letter confirms our discussions concerning your employment with
the Company.

         1. Commencing May 23, 2000, you will be employed as the Company's
Treasurer and Chief Financial Officer.

         2. Your base salary will be at the rate of $134,000 per year.

         3. You will receive an automobile allowance of $500 per month.

         4. Subject to the approval of the Company's Stock Option Committee, you
will receive an option to purchase 15,000 shares of the Company's common stock
under the Company's Stock Option Plan at an exercise price of $1.25. The option
will be for a term of 10 years and will be exercisable as to 1/3 of the shares
each year commencing one year after the date of the grant.

         5. You will be eligible to participate in the Company's Bonus Plan as
established and modified from time to time. You will also be entitled to
participate, to the extent you are eligible, in the Company's employee benefits,
including medical and dental insurance, 401(k) and vacation, under the same
terms as the Company's other employees.

         6. The Company may terminate your employment for any reason at its sole
discretion at any time. If the Company terminates your employment without cause,
the Company will pay you your base salary in effect at such time and your full
benefits for one month after your date of termination in accordance with the
Company's normal payroll policies.
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Mr. Mehmet Gunduz Yalcin                 2                          May 23, 2000

         7. In the event you desire to terminate your employment with the
Company, you will give the Company a minimum of 30 days notice.

         8. Throughout your employment by the Company, you will devote your full
business time, attention, knowledge and skills, to the business of the Company.
During your employment you shall render your services exclusively to the Company
and you will not, directly or indirectly, accept employment or compensation from
or perform services of any nature for, any business enterprise other than the
Company or its affiliates.

         9. You will hold in a fiduciary capacity for the benefit of the Company
and its affiliates all information, knowledge and data relating to or concerned
with their operations, sales, business and affairs (except such information as
is generally known in the industry), and you will not, at any time hereafter,
disclose or divulge any such information, knowledge or data to any person, firm
or corporation other than to the Company or its designees or except as may
otherwise be required in connection with the business and affairs of the Company
and its affiliates.

         10. Any interests in copyrights, trademarks, patents, patent
applications, inventions, developments and processes which you may develop
during your employment relating to the fields in which the Company is engaged
shall belong to the Company.

         11. This agreement shall be governed, interpreted and construed in
accordance with the laws of the State of New York applicable to agreements
entered into and to be performed entirely therein. Any suit, action or
proceeding with respect to this agreement shall be brought exclusively in the
courts of the State of New York or in the United States courts located in New
York County.

         12. This agreement constitutes the entire agreement between the Company
and you and supersedes all prior understandings and agreements regarding your
employment by the Company. This agreement shall not be altered or modified
except in writing, duly executed by the parties hereto.
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Mr. Mehmet Gunduz Yalcin                   3                        May 23, 2000

         If this agreement is in accordance with your understanding, please sign
a copy of this letter below under the words "ACCEPTED AND AGREED TO."

                                                              Very truly yours,

                                                              JUST TOYS, INC.

                                            By: /s/ Jerry Caroll
                                                --------------------------------
                                                Jerry Caroll
                                                Chief Executive Officer

ACCEPTED AND AGREED TO:

/s/ Mehmet Gunduz Yalcin
----------------------------
Mehmet Gunduz Yalcin

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