Document:

EX-10.2

Exhibit 10.2

Brush Engineered Materials Inc. and Subsidiaries

Long-Term Incentive Plan (LTIP)

Performance Period January 1, 2004

through December 31, 2006

	I.	 	Introduction

The Long-Term Incentive Plan (LTIP) provides incentive compensation to eligible employees based
primarily on financial performance over multi-year periods.

	II.	 	Definitions

Performance Period: January 1, 2004 through December 31, 2006.

Business Unit Performance: The Plan has designated the following Business Units for the
Performance Period:

Corporate

Alloy

Be Products

TMI

WAM

Each business unit has defined economic profit measures which have been approved by the
Organization and Compensation Committee of the Board of Directors. These measures are expressed
as a threshold, target and maximum.

Base Compensation: The participant’s annual base salary in effect at the start of the
Performance Period.

	III.	 	Participation

Participants include only those individuals who are approved by the Organization and
Compensation Committee of the Board to participate.

Following the beginning of the Performance Period, new hires or individuals who are promoted
with significant additional responsibilities prior to July 1, 2004, may be

eligible for participation. Such participation must be confirmed by the Organization and
Compensation Committee of the Board. The eligibility of employees hired after June 30, 2004,
will not be considered until the subsequent Performance Period.

Participants must be employed on the last day of the Performance Period in order to be eligible
for an award. If a participant retires under a Company pension plan, any award will be prorated
based on time employed during the Performance Period.

Should a participant die or become permanently disabled or should there occur a Parent Company
Change in Control, the participant (or their spouse or estate) shall receive full payment of the
award for the entire Performance Period at the Target level.

	IV.	 	Performance Award Opportunity

The Organization and Compensation Committee of the Board of Directors will establish Threshold,
Target and Maximum financial target levels for each Business Unit.

The award opportunity for each eligible participant will be approved by the Organization and
Compensation Committee.

For the Performance Period 2004 through 2006, your opportunity will be double (2x) your approved
target opportunity.

Awards will commence once the Minimum level has been attained. 100% of the opportunity will be
awarded at Target and 150% will be awarded at Maximum. Award amounts for levels of achievement
between Threshold and Target and between Target and Maximum will be prorated according to the
level of achievement.

LTIP targets have been established on the basis of cumulative operating profit. The targets are
attached hereto as Exhibit A.

Awards will be prorated for transfers between business units and/or corporate during the
Performance Period, assuming grade level remains the same. Such proration will be determined by
the length of service in each unit during the Performance Period.

	V.	 	Payment

At the conclusion of year two (December 31, 2005), 66% of the total performance award
opportunity will be “banked” in accordance with the two year targets attached hereto as Exhibit
B. The amount “banked” will be guaranteed for payment but only at the conclusion of the
performance period (which requires continued employment through the entire performance period).
The “banked” amount will not be negatively impacted by the final performance calculation at the
conclusion of the three year performance period. If the final three year performance
calculation exceeds the two year “banked” calculation, then the greater amount will be paid.
Please see Exhibit C attached hereto.

This is a cash plan and, as such, payouts will be made in cash to participants no later than
March 15 of the year following the Performance Period.

	VI.	 	General Provisions

The Board of Directors, through its Organization and Compensation Committee, shall have final
and conclusive authority for interpretation, application and possible modification of this Plan
or its established targets. The Board of Directors reserves the right to amend or terminate the
Plan at any time.

This plan is not a contract of employment.EX-10.3

EXHIBIT 10.3

FIRST AMENDMENT

TO

BRUSH ENGINEERED MATERIALS INC.

EXECUTIVE DEFERRED COMPENSATION PLAN II

The Brush Engineered Materials Inc. Executive Deferred Compensation Plan II (the “Plan”),
adopted on December 7, 2004 for years beginning after December 31, 2004, is hereby amended
effective February 7, 2006, in the respects hereinafter set forth.

1. Section 5.2 of the Plan is amended and restated to provide as follows:

5.2 Investment Return. Each Account shall be deemed to bear an
investment return as if invested in the manner elected by the Participant from a
list of investment funds from time to time determined by the Compensation Committee.
The Compensation Committee may delegate to the Company’s Pension Investment
Committee the duty and authority to determine the investment funds to be used for
this purpose under the Plan, including the discretion to eliminate, add, or
substitute investment funds from time to time. Deemed investment return under the
Plan shall be determined from the date of crediting of an amount to the
Participant’s Account (including deemed income thereon) through the date of complete
distribution of the Account. Beginning April 1, 2006, a Participant shall be
permitted to change his investment elections under the Plan for any portion or all
of his Account as of the first business day of any calendar quarter in accordance
with such rules and procedures as the Company shall establish for this purpose. The
Company shall have no obligation to actually invest funds pursuant to a
Participant’s elections, and if the Company does invest funds, a Participant shall
have no right to any invested assets other than as a general unsecured creditor of
the Company. During any period in which a Participant has not made an election
relating to the investment of some portion of his Account, such as in the case of an
investment fund previously selected by the Participant ceasing to be available under
the Plan, the Pension Investment Committee shall determine the investment fund or
funds to be used in determining investment return for that portion of his Account.

2. The first sentence of Section 8.5 of the Plan is amended to provide as follows:

Subject to the provisions of Section 8.12, the Company reserves the right to amend,
modify, suspend or terminate the Plan at any time by action of its Board or of the
Organization and Compensation Committee of its Board; provided that no prior notice
to any Participant shall be required, and provided, further, that no such action may
deprive a Participant of his rights to receive a benefit pursuant to the Plan with
respect to compensation deferred prior to such action.

* * *

IN WITNESS WHEREOF, Brush Engineered Materials Inc. has caused this Amendment to be
executed by its duly authorized officer this      day of February, 2006.

BRUSH ENGINEERED MATERIALS INC. By     Name:

Title:EX-10.1

Exhibit 10.1

AGREEMENT

THIS AGREEMENT (the “Agreement”), is made and entered into by and between Thomas J.
Bresnan, an individual residing at 6811 East Avenida De Santiago, Anaheim Hills, CA 92807 (the
“Employee”) and New Horizons Worldwide, Inc., a Delaware corporation (the “Company”).
Employee and the Company are sometimes collectively referred to as the “Parties” and,
individually, as a “Party.” This Agreement shall be effective as of the later date of
execution (the “Effective Date”) by the Parties.

RECITALS

WHEREAS, Employee is and has been employed by the Company as President and Chief Executive
Officer (“CEO”);

WHEREAS, the Company and Employee have agreed on the terms of Employee’s continued employment
with and departure from the Company (the “Separation”);

WHEREAS, the Parties wish to resolve all matters and issues between them arising from or
relating to Employee’s employment by the Company and the Separation; and

WHEREAS, the Parties desire to enter into an agreement confirming and providing for, among
other things: (i) the voluntary separation of employment by Employee, (ii) a release of claims by
Employee, and (iii) confidentiality and non-solicitation covenants and agreements of Employee; all
upon the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the respective obligations and undertakings hereinafter
set forth, the Parties hereby voluntarily and of their own free will agree as follows:

1. Employment. Employee’s employment with the Company shall continue through the
earlier of (i) 5 p.m. Pacific time on July 31, 2006, or (ii) the date Employee and the Company
mutually agree that Employee’s services to the Company shall terminate (the “Separation
Date”). Employee agrees to continue to perform his duties as President and Chief Executive
Officer of the Company and to devote his full time and best efforts to the business of the Company
through the Separation Date. Employee acknowledges that all of the benefits to be provided
Employee by the Company pursuant to this Agreement as of and subsequent to the Separation Date are
subject to such performance.

2. Severance Pay. Following the Separation Date, the Company shall pay Employee, as
severance pay, one (1) year’s annual base salary as currently in effect pursuant to the Company’s
normal payroll practices.

3. Health Benefits/COBRA.

(a) Following the Separation Date,

(i) As long as the Company’s then existing healthcare provider permits the Company to do so
and the Company is permitted by applicable law, the Company shall make available to Employee, for a
period of twelve (12) months from the Separation Date or for such shorter period that may occur
should the Employee become insured elsewhere, healthcare benefits on such terms as are generally
provided to then-existing employees of the Company.

(ii) If the Company’s then existing healthcare provider or any applicable law does not permit
the Company to offer the Employee such continued healthcare benefits on such terms as are generally
provided to then-existing employees of the Company, then the Company shall pay for up to twelve
(12) months of the Employee’s continuation of coverage under the federal Consolidation Omnibus
Budget Reconciliation Act, as amended (“COBRA”), part VI of Subtitle B of Title I of the
Employee Retirement Income Security Act of 1974 (“ERISA”), as amended; Internal Revenue
Code § 4980(B)(f), after Employee makes the election within sixty days after the existing coverage
ceases.

(b) Employee shall be entitled to continuation of coverage under the Company’s health/medical
insurance plan at Employee’s own expense pursuant to any rights Employee may have under the federal
Consolidation Omnibus Budget Reconciliation Act, as amended (“COBRA”), part VI of Subtitle
B of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended;
Internal Revenue Code § 4980(B)(f). Such continuation shall be afforded up to the maximum period
provided by law so long as Employee submits payments for elected coverage and otherwise complies
with conditions of continuation on a timely basis.

4. Loan Forgiveness. If the Company achieves all of the objectives identified on
Exhibit 1 attached hereto as of the dates specified therein with the active participation
and assistance of Employee, the Company shall forgive Employee’s three hundred thousand dollar
($300,000.00) loan from the Company as of the Separation Date. If such objectives are achieved in
whole or in part after the specified dates with the active participation and assistance of
Employee, including assistance rendered subsequent to the Separation Date, such loan may also be
forgiven, in whole or in part, as determined by the Company in its absolute discretion.

5. Access to Company Voice Mail and Email. Following the Separation Date, Employee
shall continue to have access to Company voicemail and email systems for a period of six (6)
months.

6. Option to Purchase Company Computer. For a period of twenty (20) days following
the Separation Date, Employee shall have the option to purchase his Company issued laptop computer
at net book value. Prior to delivery of such computer its contents shall be reviewed by the
Company and any confidential or proprietary information of the Company shall be deleted.

7. Vested Stock Options. Upon the Separation Date, all of the options to purchase
shares of common stock of the Company which are exercisable as of that date (the “Vested Options”)
shall remain exercisable for a period equal to the shorter of (i) fifteen (15) months from the
Separation Date or (ii) the expiration of the term of such options.

8. Non-Vested Stock Options. Upon the Separation Date and upon Employee’s execution
of the General Release of Claims attached hereto as Exhibit 2, which Employee must execute on or
after, but not before, the Separation Date, the options to purchase 75,000 shares of common stock
of the Company granted to Employee as of January 13, 2006 (the “Non-Vested Options”), shall
immediately become vested. The Non-Vested Options shall remain exercisable for period of fifteen
(15) months from the Separation Date.

9. Vacation Pay. Upon the Separation Date, Employee shall be entitled to payment for
accrued but unused vacation in accordance with the Company’s historical practice.

10. Adequacy of Consideration. The Parties agree and acknowledge that the respective
obligations and undertakings set forth herein constitute adequate consideration for the Parties’
respective covenants and obligations set forth herein. Employee acknowledges that the payments
described in this Agreement are over and above any contracts, severance or any other rights which
Employee may have as a result of the Separation.

11. No Other Compensation. Except as described in this Agreement, Employee shall not
be entitled to any other compensation (including further participation in any benefit plans) in
connection with his employment or the Separation.

12. Employee Releases.

(a) Employee does hereby for Employee and for Employee’s heirs, devisees, executors,
administrators, personal representatives, legal representatives, beneficiaries, successors
(including successors in any fiduciary capacity), assigns, and any and all other persons who might
ever claim by, through or under him, acting as such (collectively, the “Employee Related
Persons”), release, acquit, and forever discharge the Company, together with any and all
affiliated or related businesses or corporations, as well as its and their predecessors, parents,
subsidiaries, affiliates, agents, officers, directors, management, shareholders, employees,
representatives, and attorneys, whether past or present, both known and unknown, in both their
individual and agency capacities (collectively, the “Company Entities”), jointly and
severally, from any and all claims, demands, losses, proceedings, costs, expenses, causes of
action, orders, obligations, contracts, agreements, debts, and liabilities whatsoever, whether
known or unknown, suspected or unsuspected, at both law and equity, arising from the beginning of
time through and including the Effective Date (collectively, “Claims”), including, but not
limited to, any and all Claims and/or demands for back pay, reinstatement, hire or re-hire, front
pay, stock options, group insurance, or employee benefits of whatsoever kind, any and all Claims
for monies or expenses, any and all Claims arising out of or relating to the cessation of
Employee’s employment with Company, any and all Claims for breach of contract or Employee’s failure
to obtain employment at any other company or with any other person or employer, any and all Claims
of violation of any state or federal anti-discrimination statutes or regulations, including, but
not limited to, Title VII of the Civil Rights Act of 1964, as amended, the Employee Retirement
Income Security Act of 1974, as amended, the Americans with Disabilities Act, and any and all
Claims of wrongful termination, public policy, tort, retaliation, breach of contract, tortious
interference, defamation, intentional or negligent infliction of emotional distress and/or demands
for attorneys’ fees and legal expenses.

This Release extends to all claims of every kind or nature whatsoever, whether known or
unknown, suspected or unsuspected. Prior to executing this Agreement, Employee was made aware of
the provisions of California Civil Code Section 1542, which provides as follows:

“A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the
time of executing the release, which if known by him must have
materially affected his settlement with the debtor.”

and he does hereby waive its effect.

(b) The Company acknowledges and agrees that the releases contained in this Paragraph 12 do
not affect the obligations of the Company arising under this Agreement.

13. Confidentiality; Non-Solicitation; Non-Interference.

(a) Employee shall continue to hold in a fiduciary capacity for the benefit of the Company all
proprietary or confidential information, knowledge or data relating to the Company or any of its
affiliated companies, and their respective businesses (including all information, knowledge or data
relating to customers or clients or potential customers or clients of the Company or any of its
affiliated companies), which shall have been obtained by Employee during Employee’s employment by
the Company or any of its affiliated companies and which shall not be or become public knowledge
(other than by acts by Employee or representatives of Employee in violation of this Agreement)
(collectively, the “Confidential Information”). After the Separation Date, Employee shall
not, without the prior written consent of the Company or as may otherwise be required by law or
legal process, communicate or divulge any Confidential Information to anyone other than the Company
and those designated by it or to an attorney retained by Employee.

(b) Immediately after the Separation Date, Employee shall immediately return to the Company,
in good condition: (i) the originals and all copies of any materials, whether in paper, electronic
or other media, that contain, reflect, summarize, describe, analyze or refer or relate to any
Confidential Information; and (ii) all other property of the Company, including, but not limited
to, computers, handheld electronic devices, cellular telephones, briefcases and furniture.

(c) For a period of twenty-four (24) months after the Separation Date, Employee shall not,
directly or indirectly, on behalf of Employee or any other person or entity, solicit for employment
or hire any person employed by the Company or its affiliates.

(d) For a period of twenty-four (24) months after the Separation Date, Employee shall not,
directly or indirectly, on behalf of Employee or any other person or entity engaged in any business
competitive with that of the Company, its affiliates or the franchisees of New Horizons Computer
Learning Centers, Inc. (“NHCLC”), solicit any customer of the Company, its affiliates or any
franchisee of NHCLC.

(e) For a period of twenty-four (24) months after the Separation Date, Employee shall not,
directly or indirectly, on behalf of Employee or any other person or entity, interfere with the
business or contractual relationship or prospective business relationship or advantage which the
Company or any of its affiliates has with any supplier, customer or franchisee of NHCLC.

(f) In the event of a breach or threatened breach of the covenants set forth herein, Employee
agrees that the Company shall be entitled, in addition to other remedies it may have, to injunctive
relief in a court of competent jurisdiction to remedy any such breach or threatened breach, and
Employee acknowledges that damages would be inadequate and insufficient.

14. Post-Employment Cooperation. Following the Separate Date, Employee agrees to
cooperate and to make himself reasonably available to answer questions concerning any and all
matters with which he was involved while employed by the Company and to render such other special
assistance as may be reasonably required by the Company which does not unreasonably interfere with
his other activities. Employee further agrees to cooperate with, to make himself reasonably
available during, and to participate fully in the Company’s defense of any lawsuit, claim, cause of
action, proceeding, arbitration, grievance, or hearing brought against the Company concerning any
and all matters with which he was involved while employed by the Company.

15. Indemnification. Notwithstanding anything to the contrary set forth herein, this
Agreement shall not adversely affect any rights to indemnification to which Employee may be
entitled as a result of having been a Director, officer and employee of the Company pursuant to
law, the Amended and Restated By-Laws of the Company or the Indemnity Agreement dated August 3,
1992, all of which shall survive this Agreement in accordance with their respective terms.

16. Confidentiality of Agreement. Employee and Employee’s heirs, executors,
successors, assigns, representatives, and attorneys shall hold the fact and terms of this Agreement
in strict confidence and shall not communicate, reveal, or disclose the fact and terms of this
Agreement to any other persons except to Employee’s immediate family, to legal counsel, and to tax
consultants, all of whom shall be instructed by Employee similarly to hold the fact and terms of
this Agreement in the strictest confidence, and as otherwise required by law.

17. Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original expression of this Agreement and all of which, when taken
together, will be deemed to constitute one and the same agreement.

18. Invalidity. The Parties agree that the invalidity or unenforceability of any
provision or part of this Agreement shall not render any other provision(s) or part(s) hereof
invalid or unenforceable and that such other provision(s) or part(s) shall remain in full force and
effect.

19. Governing Law. This Agreement shall be governed under the laws of the State of
California.

20. Binding Successors/Assignment. This Agreement together with any amendments
hereto, shall be binding upon and shall inure to the benefit of the Parties hereto and respective
successors, assigns, heirs, and personal representatives, except that the rights and benefits of
Employee under this Agreement are personal in nature and may not be assigned without prior written
consent of the Company. All payments and benefits provided Employee herein shall be made to
Employee’s estate in the event of Employee’s death prior to Employee’s receipt thereof.

21. Written Amendments. This Agreement may only be amended by mutual consent of the
Parties hereto, with any such amendment to be invalid unless in writing, signed by Company and
Employee.

22. Preservation of Rights/Waiver. No failure by either Party to insist upon
compliance with any term of this Agreement, to exercise any option, enforce any right, or seek any
remedy, upon any default of the other Party shall affect or constitute a waiver of the first
Party’s right to insist upon any such strict compliance, exercise that option, enforce that right,
or seek that remedy with respect to any default; nor shall any custom or practice of the Parties at
variance with any provision of this Agreement affect or constitute a waiver of any Party’s right to
demand strict compliance with all provisions of this Agreement.

23. Entire Agreement. This Agreement represents the entire agreement between the
Parties hereto on the matters expressly addressed herein, and there are no understandings between
the Parties other than those specifically and particularly set forth in this Agreement. This
Agreement shall not be amended or modified in any manner except upon written agreement by the
Parties.

1

CAUTION TO EMPLOYEE: READ BEFORE SIGNING. THE COMPANY ADVISES YOU TO CONSULT AN ATTORNEY. THIS
DOCUMENT CONTAINS A RELEASE OF CLAIMS PRIOR TO THE EFFECTIVE DATE OF THIS AGREEMENT.

IN WITNESS WHEREOF, Employee and the Company have executed this Agreement, effective as of the
Effective Date of the Agreement.

	 	 	 
	DATE OF EXECUTION

	 	AGREED TO AND ACCEPTED BY:
	BY EMPLOYEE:

	 	

	 
	 	 
	     2/7/06     

	 	/s/Thomas J. Bresnan
	 

	 	 
	
 
	 	THOMAS J. BRESNAN
	 
	 	 
	
 
	 	EXECUTION WITNESSED BY:
	
 
	 	/s/Greg Marsella
	
 
	 	 
	 
	 	 
	DATE OF EXECUTION

	 	AGREED TO AND ACCEPTED BY:
	BY COMPANY:

	 	NEW HORIZONS WORLDWIDE, INC.
	 
	 	 
	     Feb. 7, 2006     

	 	By:/s/Curtis Lee Smith
	 

	 	 
	 
	 	 
	
 
	 	Title:Chairman
	
 
	 	 
	 
	 	 
	
 
	 	EXECUTION WITNESSED BY:

/s/Mary Carol Smith

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