Document:

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                                                                   Exhibit 10.36

                             AMENDMENT No. 2 TO THE
                          2002 STOCK INCENTIVE PLAN OF
                                  AMETEK, INC.

                  WHEREAS, AMETEK, Inc. (the "Company") has adopted the 2002
Stock Incentive Plan of AMETEK, Inc. (the "Plan"); and

                  WHEREAS, Section 18 of the Plan permits the Board of Directors
of the Company or the Committee (as defined in the Plan) to amend the Plan; and

                  WHEREAS, the Committee now desires to amend the Plan in
certain respects;

                  NOW, THEREFORE, the Plan is hereby amended as follows:

                  1. The fourth sentence of Section 3 of the Plan is hereby
deleted.

                  2. The provisions of this Amendment shall be effective as of
January 16, 2004.

                  3. Except to the extent hereinabove set forth, the Plan shall
remain in full force and effect.

                  IN WITNESS WHEREOF, this Amendment has been executed by a duly
authorized officer of the Company as of the 16th day of January, 2004.

                                        AMETEK, INC.

                                        By: /s/ John J. Molinelli
                                           ----------------------
                                           Name:  John J. Molinelli
                                           Title: Executive Vice President &
                                                  Chief Financial Officer

Attest:

/s/ Kathryn E. Londra
---------------------
Kathryn E. Londra
Corporate Secretary<PAGE>

                                                                   Exhibit 10.45

                                 AMENDMENT NO. 1

                                     TO THE

                   AMETEK 401(k) PLAN FOR ACQUIRED BUSINESSES
               (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002)

         WHEREAS, the AMETEK 401(k) Plan for Acquired Businesses (the "Plan")
was adopted effective May 1, 1999;

         WHEREAS, the Plan was amended and restated effective January 1, 2002;

         WHEREAS, Section 10.1 of the Plan provides that AMETEK, Inc. ("AMETEK")
may amend the Plan at any time from time to time; and

         WHEREAS, AMETEK now desires to amend the Plan to (1) clarify the
authority of AMETEK to merge, consolidate or transfer assets held on behalf of
Participants and their Beneficiaries from or to another plan meeting the
requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended,
and (2) increase the limit on catch-up contributions from 50% of a participant's
compensation to 75% of a participant's compensation.

         NOW THEREFORE, the Plan is hereby amended as follows:

                  FIRST: Section 10.6 of the Plan is hereby amended to read in
its entirety as follows:

                  "10.6 Merger of Plan. Pursuant to action of the Board of
Directors, the Plan may be merged or consolidated with, or a portion of its
assets and liabilities may be transferred to, another plan meeting the
requirements of Section 401(a) of the Code or any successor provision of law, or
a portion of the assets and liabilities of another such plan may be transferred
to the Plan, provided such merger, consolidation or transfer is accompanied by a
transfer of such existing records and information as may be necessary to
properly allocate such assets among Participants and to provide any tax or other
necessary information to the persons administering the Plan or receiving the
assets, and further provided that each Participant or Beneficiary shall be
entitled to receive a benefit immediately after such merger, consolidation or
transfer if this Plan or such other plan were then terminated which is at least
equal to the benefit the Participant or Beneficiary would have been entitled to
receive immediately before such merger, consolidation or transfer if this Plan
or such other plan had been terminated."

                  SECOND: Section 4.1(c) of the Plan is hereby amended by
replacing the phrase "and not more than 50 percent (50%) of his Compensation"
with the phrase "and not more than 75 percent (75%) of his Compensation."

                  THIRD: The provisions of this Amendment No. 1 shall be
effective as of January 1, 2004.

         IN WITNESS WHEREOF, AMETEK has caused this Amendment to be executed, in
its corporate name, by its duly authorized officer on this 10th day of December,
2003.

                                           AMETEK, Inc.

                                           By: /s/ John J. Molinelli
                                              ----------------------

Attest: Kathryn E. Londra<PAGE>

                                                                   EXHIBIT 10.61

                               ELEVENTH AMENDMENT
                          DATED AS OF NOVEMBER 28, 2003
                                       TO
                           RECEIVABLES SALE AGREEMENT
                           DATED AS OF OCTOBER 1, 1999

         THIS ELEVENTH AMENDMENT (the "Amendment"), dated as of November 28,
2003, is entered into among Ametek Receivables Corp. (the "Seller"), Ametek,
Inc. (the "Initial Collection Agent"), Amsterdam Funding Corporation, a Delaware
corporation ("Amsterdam"), ABN AMRO Bank N.V., as Amsterdam's program letter of
credit provider (the "Enhancer"), the Liquidity Provider listed on the signature
page hereof (the "Liquidity Provider") and ABN AMRO Bank N.V., as agent for
Amsterdam, the Enhancer and the Liquidity Provider (the "Agent").

                                   WITNESSETH:

         WHEREAS, the Seller, Initial Collection Agent, Amsterdam, Enhancer,
Liquidity Provider and Agent have heretofore executed and delivered a
Receivables Sale Agreement, dated as of October 1, 1999 (as amended,
supplemented or otherwise modified through the date hereof, the "Sale
Agreement"),

         WHEREAS, the parties hereto desire to amend the Sale Agreement as
provided herein;

         NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto hereby agree that
the Sale Agreement shall be and is hereby amended as follows:

           Section 1. Upon execution by the parties hereto in the space provided
for that purpose below, the Sale Agreement shall be, and it hereby is, amended
as follows:

                  (a)      The date "November 28, 2003" appearing in clause (d)
         of the defined term "Liquidity Termination" appearing in Schedule I of
         the Sale Agreement is deleted and replaced with the date "December 23,
         2003."

                  (b)      The date "November 28, 2003" appearing in clause
         (c)(ii) of the defined term "Termination Date" appearing in Schedule I
         of the Sale Agreement is deleted and replaced with the date "December
         23, 2003."

         Section 2. To induce the Agent and the Purchasers to enter into this
Amendment, the Seller and Initial Collection Agent represent and warrant to the
Agent and the Purchasers that: (a) the representations and warranties contained
in the Transaction Documents, are true and correct in all material respects as
of the date hereof with the same effect as though made on the date hereof (it
being understood and agreed that any representation or warranty which by its
terms is made as of a specified date shall be required to be true and correct in
all material

<PAGE>

respects only as of such specified date); (b) no Potential Termination Event
exists; (c) this Amendment has been duly authorized by all necessary corporate
proceedings and duly executed and delivered by each of the Seller and the
Initial Collection Agent, and the Sale Agreement, as amended by this Amendment,
and each of the other Transaction Documents are the legal, valid and binding
obligations of the Seller and the Initial Collection Agent, enforceable against
the Seller and the Initial Collection Agent in accordance with their respective
terms, except as enforceability may be limited by bankruptcy, insolvency or
other similar laws of general application affecting the enforcement of
creditors' rights or by general principles of equity; and (d) no consent,
approval, authorization, order, registration or qualification with any
governmental authority is required for, and in the absence of which would
adversely effect, the legal and valid execution and delivery or performance by
the Seller or the Initial Collection Agent of this Amendment or the performance
by the Seller or the Initial Collection Agent of the Sale Agreement, as amended
by this Amendment, or any other Transaction Document to which they are a party.

         Section 3. This Amendment may be executed in any number of counterparts
and by the different parties on separate counterparts and each such counterpart
shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Amendment.

         Section 4. Except as specifically provided above, the Sale Agreement
and the other Transaction Documents shall remain in full force and effect and
are hereby ratified and confirmed in all respects. The execution, delivery, and
effectiveness of this Amendment shall not operate as a waiver of any right,
power, or remedy of any Agent or any Purchaser under the Sale Agreement or any
of the other Transaction Documents, nor constitute a waiver or modification of
any provision of any of the other Transaction Documents. All defined terms used
herein and not defined herein shall have the same meaning herein as in the Sale
Agreement. The Seller agrees to pay on demand all costs and expenses (including
reasonable fees and expenses of counsel) of or incurred by the Agent and each
Purchaser Agent in connection with the negotiation, preparation, execution and
delivery of this Amendment.

         Section 5. This Amendment and the rights and obligations of the parties
hereunder shall be construed in accordance with and be governed by the law of
the State of New York.

                                      -2-
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         IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date first
above written.

                                       ABN AMRO BANK N.V., as the Agent, as the
                                          Liquidity Provider and as the Enhancer

                                       By: /s/ Patricia Luken
                                          Title: Group Vice President

                                       By: /s/ Thomas J. Educate
                                          Title: Senior V.P.

                                       AMSTERDAM FUNDING CORPORATION

                                       By: /s/ Bernard J. Angelo
                                          Title: Vice President

                                       AMETEK RECEIVABLES CORP.

                                       By: /s/ Deirdre D. Saunders
                                          Title:  Treasurer

                                       AMETEK, INC.

                                       By: /s/ Deirdre D. Saunders
                                          Title: VP & Treasurer

                                      -3-

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