Document:

Exhibit 10.72

                      NUTRITION 21 CHANGE OF CONTROL POLICY

1.     Certain Definitions

       (a)    A "Change of Control" occurs when any person or group (an
              "Acquiring Person") first beneficially owns 25% or more of (i)
              Nutrition 21's then outstanding common stock ("Common Stock") or
              (ii) the total voting power represented by the outstanding Common
              Stock.

       (b)    Notwithstanding the foregoing, no person or entity shall become an
              "Acquiring Person" as the result of an acquisition of Common Stock
              by the Company which, by reducing the number of shares
              outstanding, increases the proportionate number of shares
              beneficially owned by such person or entity to 25% or more of the
              shares of Common Stock then outstanding, provided that if any
              person or group shall become the beneficial owner of 25% or more
              of the Common Stock then outstanding by reason of share purchases
              by Nutrition 21 and shall, after such share purchases by Nutrition
              21, become the beneficial owner of any additional Common Stock
              constituting 1% or more of the Common Stock outstanding as of the
              close of business on the date that such person or entity first
              becomes the beneficial owner of 25% or more of the Common Stock,
              then such person or entity shall be deemed to be an "Acquiring
              Person."

2.     "Covered Persons" are persons who at the time of the Change of Control
       serve as officers elected by the Board, the Vice President of Technical
       Services and Scientific Affairs, and the Vice President of Corporate
       Development.

3.     If a Covered Person is terminated or resigns within 180 days after a
       Change in Control has occurred:

       (a)    the Covered Person will vest in all of his or her stock options
              and SAR's, and

       (b)    Nutrition 21 will pay to the Covered Person in a lump sum, within
              30 days after termination or resignation:

              i.     2.99 times the sum of his or her Base Compensation and
                     Bonus in the calendar year prior to the Change in Control,
                     plus

              ii.    a gross up of all taxes on the payments in clause i. and on
                     all successive gross-ups under this clause ii.

       (c)    Interest shall accrue on the payment obligations in Section (b) at
              the floating prime rate +2 until paid.

4.     Notwithstanding the foregoing:

       (a)    the payments under Section 3 shall be reduced to the extent
              necessary to prevent the application of Section 280G of the
              Internal Revenue Code, and

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       (b)    in order to receive vesting rights and payments under this Policy,
              a Covered Person must within 30 days after termination or
              resignation agree in writing not to compete with Nutrition 21 for
              a period of one year after the date of termination or resignation.

5.     For purposes of this Policy, "Base Compensation" means annual salary, and
"Bonus" means a discretionary amount based on performance that was paid, or that
was deemed paid for any purpose under any applicable employment or other written
agreement

Adopted September 12, 2002

                                       2Exhibit 10.73

Nutrition 21                          Benjamin Sporn
                                      Senior Vice President, General Counsel and
                                      Secretary
                                      4 Manhattanville Road
                                      Purchase, NY 10577
                                      (914) 701-4500

September 10, 2002

Ms. Gail Montgomery
94 Seminary Road
Bedford, NY 10506

Dear Gail:

This  Letter  Agreement  ("Agreement")  is between  you and  Nutrition  21, Inc.
("Nutrition 21" or the "Company")  regarding your current  position as President
and Chief Executive Officer of Nutrition 21 reporting to the Board of Directors,
and is for the period  commencing  September 1, 2002 and ending  August 31, 2005
(the  "Contract  Period").  September 1, 2002 through  August 31, 2003 is called
Year 1. September 1, 2003 through August 31, 2004 is called Year 2. September 1,
2004  through  August 31,  2005 is called  Year 3. You will also be  required to
serve as a Director on the Nutrition 21 Board during this same period of time.

GENERAL

You agree that your  employment  by Nutrition 21 shall be full time and that you
shall engage in no other business or  employment,  other than  supervising  your
passive  investments.  You  represent  that  you are  under no  restrictions  or
obligations  which  would  prevent  you from  serving  as  President  and  Chief
Executive Officer. You may serve as a non-executive  director on Boards of other
companies only with the written permission of the Nutrition 21 Board.

COMPENSATION

Your direct annualized base compensation will be $275,000 in Year 1; $300,000 in
Year 2; and  $325,000  in Year 3,  paid  bi-weekly,  as a  non-union,  full-time
employee.   All  compensation  shall  be  subject  to  withholding  and  similar
deductions.

ANNUAL PERFORMANCE BONUS

You will be granted an annual performance bonus for each of Nutrition 21's 2003,
2004, and 2005 fiscal  accounting years based upon the attainment of targets for
gross revenues from operations  (each, a "Target"),  as more fully set forth the
following paragraphs.

The Target for fiscal year 2003 is gross  revenues of $19  million.  The Targets
for each of fiscal years 2004 and 2005 will be established by agreement  between
the Board of  Directors  and you,  and will be set forth in a Fiscal Year Budget
Plan for that year.

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If you achieve  less than 85% of a Target for any fiscal year,  any  performance
bonus for that fiscal year will be in the sole discretion of the Board.

If you  achieve  at least 85% but less than 100% of the  Target  for any  fiscal
year,  your  performance   bonus  for  that  year  will  be  25%  of  your  base
compensation.

If you  achieve  at least  100% but less than 120% of the  Target for any fiscal
year,  your  performance   bonus  for  that  year  will  be  50%  of  your  base
compensation.

If you achieve at least 120% of the Target for any fiscal year, your performance
bonus for that year will be 100% of your base compensation.

For purposes of the bonus calculation,  Year 1 base compensation applies for the
2003 fiscal year, Year 2 base compensation applies for the 2004 fiscal year, and
Year 3 base compensation applies for the 2005 fiscal year.

STOCK OPTIONS

On July 31, 2002 (the "Grant  Date"),  the Board granted to you Stock Options to
purchase 1,175,000 shares of Nutrition 21 common stock ("Common Stock") at $0.39
per share (the  closing  price on July 31,  2002).  In addition to the terms set
forth below, additional terms that apply to these Stock Options are set forth in
a separate Stock Option Award Agreement.

Of these 1,175,000 Stock Options:

Stock Options to purchase  75,000 shares of Common Stock will vest 37,500 shares
on each of the first and second anniversaries of the date of the Grant Date;

Stock  Options to  purchase  400,000  shares of Common  Stock will vest  133,333
shares on each of the first and  second  anniversaries  of the date of the Grant
Date, and 133,334 shares on the third anniversary of the Grant Date;

Stock  Options to  purchase  375,000  shares of Common  Stock will vest  125,000
shares on each of the second,  third and fourth  anniversary  of the Grant Date;
and

Stock Options to purchase  325,000 shares of Common Stock are subject to receipt
of shareholder  approval therefor on or before the first anniversary of the date
of the Grant Date,  and, if such approval is obtained,  will vest 108,333 shares
on each of the third and fourth  anniversaries of the Grant Date, and 108,334 on
the fifth anniversary of the Grant Date. In the event that shareholder  approval
is not obtained by the close of business on the first  anniversary  of the Grant
Date, you are hereby  granted,  in lieu of these 325,000 Stock Options,  a stock
appreciation right ("SAR") on the same vesting and other terms and conditions as
would have applied to the 325,000 Stock Options under this  agreement and in the
separate  Stock Option Award  Agreement,  except that upon  exercise,  you shall
receive,  in lieu of the  shares of Common  Stock you  would  have  received  on
exercise of the Stock Option,  an amount in cash (less  withholding  and similar
charges),  equal to the excess,  if any of (x) the closing  price on the date of
exercise of the number of shares for which the SAR is then  exercised,  over (y)
that number of shares

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times $0.39.  In lieu of making the cash payment  aforesaid,  the Company may in
its  discretion  issue to you that  number of shares of Common  Stock that shall
have a total value,  at the closing price on the date of exercise,  equal to the
amount of such payment.  If such shares are not then registered for public sale,
the  Company  shall  within 30 days  after  such  issuance  file a  registration
statement for the public sale of such shares.

The Stock Options (and, if applicable, the SAR) shall vest as aforesaid on these
vesting  dates  only if you are then  employed  by the  Company  or if there has
theretofore  occurred a change of control event (as defined under Nutrition 21's
Change of Control  policy  referred  to below)  while you were  employed  by the
Company.  Stock Options shall be considered ISOs to the extent permitted by law.
The Stock Options (and,  if  applicable,  the SAR) will expire on July 30, 2012,
and are subject to the terms of the Stock Option Award Agreement.

The  expiration  date of each previous Stock Option that the Company has granted
to you is hereby  extended  until the tenth  anniversary of the date of grant of
such Stock Option.

OTHER BENEFITS

Nutrition 21 shall furnish and/or reimburse you for all reasonable and customary
business  requirements  including a car  allowance or  equivalent.  Coverage for
group insurance, i.e. medical, dental, life insurance, AD&D, Short and Long Term
Disability,  Business  Travel  Insurance,  etc.  as  well  as the  Nutrition  21
sponsored  pension plan and savings plan will be provided in accordance with the
terms and conditions of each plan.

VACATION

Annual paid vacation and holidays will accrue in accordance  with Nutrition 21's
vacation policy and shall be paid upon any change in your  employment  status as
President and CEO.

PERIOD OF EMPLOYMENT

Your employment with Nutrition 21 shall be for a three-year  term, but Nutrition
21 may  terminate  your  employment  earlier  for  cause  or  without  cause  as
determined by written notice from the Board of Directors.  If Nutrition 21 fails
to  perform  and/or  mitigate  within a  reasonable  period  of time any term or
condition  herein,  you can terminate your employment upon written notice to the
Board of Directors.

For purposes of this  Agreement,  "cause" shall be defined as follows:  (1) your
conviction  (including a plea of guilty to nolo  contendere)  of a felony or any
crime of theft,  dishonesty  or moral  turpitude  or (2) your gross  omission or
gross dereliction of any statutory or common law duty to the Company or (3) your
gross violation of the Company's written policies and guidelines.

TERMINATION

Upon written notice of termination  of your  employment,  you hereby resign your
Board membership on the Boards of Nutrition 21 and its subsidiaries.

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In the event that  before the end of Year 3  Nutrition  21's Board of  Directors
terminates your  employment  without cause, or if you resign because the Company
has  diminished  your authority and  responsibility  as President and CEO (other
than any such  diminution  which is for cause or which is in  connection  with a
change in ownership),  you will receive:  1) a continuation  of your salary,  in
ordinary payroll installments and subject to withholding,  for a period equal to
the sum of (i) one year,  plus (ii) one  month  for each year of  service  to or
employment  by Nutrition  21, 2)  immediate  vesting of your  Options,  and 3) a
continuation of your other benefits as defined herein for 12 months (but only to
the maximum extent permitted under law or by agreement with third parties),  or,
if earlier,  until you obtain other  employment.  Should the parties seek mutual
general  releases  after  any  such  termination,  the  terms  thereof,  and any
additional  consideration  to be afforded to either party,  shall be as they may
determine by mutual written agreement.

In the event you resign for any other reason or if your employment is terminated
with cause, you shall be entitled to no salary or benefit continuation, and your
Options will be vested only to the extent vested prior to termination.

If you are  employed by  Nutrition 21 through the end of Year 3, and the Company
fails to offer to continue  your  employment  as President  and Chief  Executive
Officer for at least one more year at a base  salary  which is at least equal to
the Year 3 base salary, the Company shall pay to you a severance payment subject
to withholding  equal to the sum of (i) your base  compensation for Year 3, plus
(ii) one  month's  salary  (at the rate  applicable  to Year 3) for each year of
service to or employment by Nutrition 21.

OTHER MATTERS

Notwithstanding  anything to the contrary  herein,  all vested  Options shall be
exercisable  for  one  year  after  termination  of  employment  if the  Company
terminated your employment  without cause, and for 90 days after  termination of
employment for all other terminations. The Options shall thereafter expire.

This  Agreement  incorporates  by reference  the  Nutrition 21 Change of Control
Policy as it may be amended from time to time.  A copy of the current  Policy is
attached as an exhibit to this Agreement. For the purpose of calculating amounts
payable to you under the Policy for a Change of Control that occurs in the 2003,
2004 or 2005 fiscal  years,  the bonus for the prior fiscal year shall be deemed
to be a minimum of $100,000.

You agree that during and after termination of your employment and for a one (1)
year period following  termination,  you will not directly or indirectly compete
with  Nutrition  21 or engage in or  participate  in any  business  (in whatever
capacity, whether as owner, consultant,  adviser, employee or otherwise),  which
competes  with the business of Nutrition  21. This  paragraph may be enforced by
injunction  (without  posting  bond or  other  security),  as  well as by  other
remedies.  The preceding sentence does not prohibit you from passively owning up
to 2% of the voting securities of any entity that files public reports under the
Securities Exchange Act of 1934. Both during and after your employment, you will
maintain the confidentiality of the Company's confidential information,  and you
will not  disclose  or use such  information  other than for the  benefit of the
Company during your employment. If you are entitled to payments under the second
or fourth paragraphs under

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"Termination," the period of the  non-competition  undertaking set forth in this
paragraph  shall be  extended  by one month for each year of your  service to or
employment by Nutrition 21.

Any  controversy or claim arising out of or relating to this  Agreement,  or any
breach or default under this  Agreement,  shall,  with respect to all actions at
law  pertaining  to such  controversy,  claim,  breach,  or  default  (excepting
herefrom any action for equitable  relief with respect  thereto),  be settled by
arbitration  in the city and  state  where  Nutrition  21's  principal  place of
business is then located,  before a single  arbitrator  in  accordance  with the
then-prevailing  Rules of  Commercial  Arbitration  of the American  Arbitration
Association.  The arbitrator  shall not contravene or vary in any respect any of
the terms or provisions of this Agreement.  The award of the arbitrator shall be
final and binding upon the parties  hereto,  and judgment upon such award may be
entered in any court having jurisdiction thereof.

You  certify  that  you  have  not  been  debarred  by the  U.S.  Food  and Drug
Administration under 231. U.S.C. 335a (Federal Food, Drug and Cosmetic Act 306).

This  employment  Agreement is the only  employment  Agreement in effect between
Nutrition 21 and you, and it supersedes all prior agreements with respect to the
same subject matter.

If you accept this offer of continued  employment  and the  conditions  outlined
above,  would you please sign the original of this letter and initial each page.
Please retain the duplicate for your records.

Yours sincerely,

/s/ BENJAMIN T. SPORN
---------------------
Benjamin T. Sporn
Senior Vice President

       I accept this offer of continued  employment and the conditions  outlined
above.

       Signed: /s/ GAIL MONTGOMERY
       Date: September 20, 2002

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