Document:

Form of Notification of Participation

 Exhibit 10.2 
  
 (Form for Named Executive Officers) 
  
 CYBEX INTERNATIONAL, INC. 
 NOTIFICATION OF PARTICIPATION 
 2005 MANAGEMENT INCENTIVE COMPENSATION BONUS PROGRAM 

 
 This confirms that
                         (“you”) have been designated a participant in the 2005 management incentive
compensation bonus program (the “Program”) of Cybex International, Inc. (“Cybex”) adopted by the Cybex Compensation Committee and the Board of Directors pursuant to Section 9 of the 1995 Omnibus Incentive Compensation Plan.

  
 Pursuant to the Program, you will be eligible for a bonus
equal to the indicated percentage of your base salary, in the event that the 2005 operating income of Cybex (after taking into account all bonuses payable under the Program) equals or exceeds the indicated criteria as set by the Cybex Compensation
Committee: 
  

			
	 Percentage of Base Salary

	 	 Threshold level

	 15%
	 	Target
		
	 30%
	 	Goal
		
	 60%
	 	Super Goal

  
 The Program is subject
to such rules, policies and procedures as may be from time to time adopted by the Board of Directors or the Compensation Committee acting on behalf of the Board of Directors, including the requirements that at the time that the bonus becomes payable
(a) you are employed in good standing with Cybex and (b) you are in compliance with the Cybex Stock Ownership Requirements Policy. 
  
 The bonus will be payable, if at all, within thirty days after receipt by Cybex of its audited financial statements for 2005. As a Named Executive
Officer, any bonus to you will be payable one-half in cash and one-half in restricted stock. 
  
 Eligibility to participate in the Program does not restrict Cybex from discharging you from employment or increasing or decreasing your compensation, nor does it restrict you from resigning your employment. Your
participation in this program supersedes, replaces in full, and is in lieu of, any understanding, commitment or agreement (whether written, oral, express or implied) with respect to incentive compensation related to 2005 performance which might
otherwise be or become payable to you, other than stock options which have been or may be granted to you. All calculations, determinations and interpretations under this Program shall be made solely by the Board of Directors or the Compensation
Committee acting on behalf of the Board of Directors. 
  
 Dated: February
    , 2005 
  

			
	 CYBEX INTERNATIONAL, INC.

		
	 By:Form of Notification of Participation (Non-NEOs)

 Exhibit 10.3 
  
 (Form for Non-NEOs) 
  
 CYBEX INTERNATIONAL, INC. 
 NOTIFICATION OF PARTICIPATION 
 2005 MANAGEMENT INCENTIVE COMPENSATION BONUS PROGRAM 
  
 This confirms that
                     (“you”) have been designated a participant in the 2005 management incentive compensation bonus program (the
“Program”) of Cybex International, Inc. (“Cybex”) adopted by the Cybex Compensation Committee and the Board of Directors pursuant to Section 9 of the 1995 Omnibus Incentive Compensation Plan. 
  
 Pursuant to the Program, you will be eligible for a bonus equal to the
indicated percentage of your base salary, in the event that the 2005 operating income of Cybex (after taking into account all bonuses payable under the Program) equals or exceeds the indicated criteria as set by the Cybex Compensation Committee:

  

			
	 Percentage of Base Salary

	 	 Threshold level

	 10%
	 	Target
		
	 20%
	 	Goal
		
	 40%
	 	Super Goal

  
 The Program is subject
to such rules, policies and procedures as may be from time to time adopted by the Board of Directors or the Compensation Committee acting on behalf of the Board of Directors, including the requirement that you be employed in good standing with Cybex
at the time that the bonus becomes payable. 
  
 The bonus will be
payable, if at all, in cash within thirty days after receipt by Cybex of its audited financial statements for 2005. 
  
 Eligibility to participate in the Program does not restrict Cybex from discharging you from employment or increasing or decreasing your compensation, nor
does it restrict you from resigning your employment. Your participation in this program supersedes, replaces in full, and is in lieu of, any understanding, commitment or agreement (whether written, oral, express or implied) with respect to incentive
compensation related to 2005 performance which might otherwise be or become payable to you, other than stock options which have been or may be granted to you. All calculations, determinations and interpretations under this Program shall be made
solely by the Board of Directors or the Compensation Committee acting on behalf of the Board of Directors. 
  

					
	Dated: February     , 2005	 	CYBEX INTERNATIONAL, INC.
			
	 	 	By:Amendment to 2002 Stock Retainer Plan

 Exhibit 10.4 
  
 AMENDMENT TO 2002 STOCK RETAINER PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
  
 RESOLVED, that the 2002 Stock Retainer Plan for Non-Employee Directors of Cybex International, Inc. is hereby amended on this 16th day of February, 2005, effective as of January 1, 2005, to provide that: 
  
 1. The number of shares of Common Stock to be issued as the Stock Retainer for each calendar year from and including 2005 shall be based upon the average
Fair Market Value of the Common Stock on the last day of each calendar month during such year; provided that if a Non-Employee Director serves on the Board of Directors during less than the full calendar year, the number of shares of Common
Stock to be issued as the Stock Retainer for such year to such Director shall be based upon the average Fair Market Value of the Stock as of the last day of each full or partial month during which the Director served on the Board in such year.

  
 2. All capitalized terms used herein and not otherwise defined
have the respective meanings indicated in the Plan. Except as expressly modified hereby, all terms and provisions of the Plan remain in full force and effect.Services Agreement

 Exhibit 10.5 
  
 SERVICES AGREEMENT 
  
 Services Agreement (the “Agreement”), dated February 16, 2005, between Cybex International, Inc. (“Cybex”), a New York corporation and
UM Holdings Ltd., (“UM Holdings”), a New Jersey corporation. 
  
 WHEREAS, Arthur W. Hicks, Jr. (“Shared Employee”) is a certified public accountant licensed in Pennsylvania; 
  
 WHEREAS, Shared Employee currently serves as Vice President and Chief Financial Officer of UM Holdings as well as Senior Vice President and Chief
Financial Officer of Cybex; 
  
 WHEREAS, Cybex and UM Holdings
have entered into a prior services agreement concerning the services of Shared Employee dated February 26, 2002, and supplemented on August 1, 2003 (the “Hicks Agreement”) 
  
 WHEREAS, given its investment in Cybex, UM Holdings believes it to be in its best interest to continue assist Cybex;

  
 NOW THEREFORE, for good and valuable consideration, the
parties, intending to be legally bound, agree as follows: 
  

	 	1.	Term. The initial term of this Agreement shall commence on January 1, 2005 and expire on December 31, 2006 (the “Initial Term”). After the expiration of the Initial Term,
this Agreement shall renew for successive one (1) year periods (the “Renewal Terms”) unless and until cancelled in accordance with the provisions hereof. 

  

	 	2.	Services. During the Initial Term and any and all Renewal Terms (hereinafter referred to as the “Term”), Shared Employee shall remain as an employee of UM Holdings;.

  

	 	3.	Fees. (a) As full compensation for the services to be provided hereunder, Cybex shall pay to UM Holdings fees of $216,000 representing approximately 80% of Shared Employee’s
annual salary and cost of benefits. In addition, UM Holdings shall also provide support staff of UM Holdings which shall be no less than 50% of the time of an executive assistant, for which it shall receive fees of $28,500. Such amounts shall be
payable in equal monthly installments and shall be reviewed annually for so long as this Agreement remains in effect. Cybex will also be responsible for expenses as provided in paragraph 4 below. 

 (b) UM Holdings will remain responsible for providing the compensation and benefits as well as
withholding the related payroll taxes for Shared Employee. 
  

	 	4.	Conditions. 

  

	 	A.	During the Term, Shared Employee shall receive a salary from UM Holdings, including benefits; such salary and benefits shall be reviewed from time to time and adjusted by UM
Holdings in its sole discretion. 

  

	 	B.	During the Term, all approved training, seminar or other costs incurred by the Shared Employee: (i) for the sole benefit of Cybex shall be borne by Cybex; (ii) for the sole benefit
of UM Holdings shall be borne by UM Holdings; and (iii) for the mutual benefit of Cybex and UM Holdings shall be split evenly between Cybex and UM Holdings. Notwithstanding this paragraph, should Shared Employee incur costs at the specific request
of either Cybex or UM Holdings, then regardless of the benefits received by either entity, the requesting entity shall bear any and all resultant costs. 

  

	 	C.	Cybex shall be responsible for all of the expenses incurred by Shared Employee for the benefit of Cybex only to the extent such expenses would have been reimbursed by Cybex through
its normal approval process. 

  

	 	5.	Confidentiality. The Shared Employee shall keep strictly confidential all information concerning Cybex or any of the business or activities of Cybex, and during the Term of the
Agreement shall perform his duties so as to respect the principles and intent of the respective codes of conduct and ethics of Cybex and UM Holdings, and the Shared Employee will sign such instruments with respect thereto the terms of which shall be
reasonably negotiated by the respective parties. 

  

	 	6.	Termination. Cybex or UM Holdings may terminate this Agreement at any time during the Term on one (1) month written notice, provided, however, that this Agreement may be terminated
on less than one (1) month written notice on terms that are mutually acceptable to Cybex and UM Holdings. In the event of termination, Cybex shall promptly pay to UM Holdings all amounts due and owing under the term of this Agreement up to and
including the date of termination. 

  

	 	7.	 Notices. Any notice made under this Agreement shall be deemed given to the other party if in writing and personally delivered; sent by 

 
registered mail; or sent by facsimile transmission; addressed as follows: 
  
 If to Cybex: 
  
 Cybex International, Inc. 
 Attention: Chief Executive Officer 
 10 Trotter Drive 
 Medway, MA 02053 
 (508) 533-5500 (fax) 
  
 If to UM
Holdings: 
  
 UM Holdings Ltd. 
 Attention: Chief Executive Officer 
 56 Haddon Avenue 
 Haddonfield, NJ 08033 
 (856) 354-2216 (fax) 
  

	 	8.	Responsibilities. UM Holdings’ responsibilities under this Agreement is to use normal business efforts to cause the Shared Employee to render the services called for hereunder
in a manner reasonably satisfactory to Cybex. No party shall be liable or held accountable for any mistakes of fact or law or for any loss or damage to the other party arising or resulting therefrom or for errors of judgment, or otherwise for any
acts or omissions, so long as it acts in good faith and with reasonable diligence. 

  

	 	9.	Legal Relationship. It is not the intention of the parties that this Agreement or the operation thereof shall create a legal relationship between them which could be construed as
agency, partnership or joint venture. 

  

	 	10.	Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and there are no representations or
warranties, express or implied statutory or otherwise and no agreements collateral to this Agreement other than expressly set forth or referred to herein. 

  

	 	11.	Further Acts. Each of the parties will, at the reasonable request of the other, take such steps or provide such further assistance as may be required to enable the due performance
of the terms and conditions of the Agreement. 

	 	12.	Applicable Law. This Agreement shall be construed, interpreted and applied in the Courts and according to the laws of the State of New Jersey. 

  
 IN WITNESS WHEREOF, Cybex and UM Holdings have caused this Agreement to be
executed as of the date first written above by their respective officers thereunto duly authorized. In addition, with regard to any provision that requires assent from Shared Employee he has signed this Agreement below. 
  

	
	CYBEX INTERNATIONAL, INC.
	
	 /s/ John Aglialoro

	 Name: John Aglialoro
 Title: Chairman and Chief
Executive Officer

  
  

	
	UM HOLDINGS LTD.
	
	 /s/ Joan Carter

	 Name: Joan Carter
 Title:
President

  
  

	
	
	 /s/ Arthur W. Hicks, Jr.

	Arthur W. Hicks, Jr.

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