Document:

Stock Ownership Requirements Policy

 Exhibit 10(aa) 
  
 CYBEX INTERNATIONAL, INC. 
 STOCK OWNERSHIP REQUIREMENTS POLICY 
  
 The purpose of this Stock Ownership Requirements Policy (“Policy”) is to set forth the policy of Cybex International Inc. (the “Company”) regarding requisite levels of ownership of the
Company’s Common Stock by Company officers who contribute significantly to the performance of the Company, with the objective of more closely aligning the interests of such officers with the long-term interests of the Company’s
shareholders. 
  
 I. Definitions 
  
 “Committee” means the Compensation Committee of the Board of
Directors of the Company, or such other Committee of the Board of Directors of the Company as the Directors shall designate as being responsible for the administration of this Policy. 
  
 “Common Stock” means the common stock, par value $.10 per share, of the Company. 
  
 “Covered Officers” means Senior Executives who are Named Executive
Officers. 
  
 “Market Price” means, with reference to
the Common Stock, for any Trading Day, the last reported sale price of the Common Stock as reported on the American Stock Exchange or, if different, the principal exchange or quotation system on which the Common Stock is then listed or traded.

  
 “Market Value” means, with reference to the Common
Stock as of any Measurement Date, the average Market Price of the Common Stock for the last five Trading Days of such fiscal year. 
  
 “Measurement Date” means, for any fiscal year of the Company, the last Trading Day of such fiscal year. 
  
 “Ownership Ratio” of a Covered Officer as of any Measurement Date
means the sum of (a) the aggregate of the Market Value of the Common Stock beneficially owned by such employee as of such date, including any vested or unvested shares of Common Stock directly or indirectly owned pursuant to any employee benefit
plan of the Company (but excluding any shares that are subject to unexercised options), and (b) the value of any restricted stock grants issued to such employee as of such date whether vested or unvested; such sum to be divided by the base
salary of the Covered Officer on the Measurement Date.  
  
 “Named Executive Officer” means the Chief Executive Officer and the other executive officers of the Company who are listed as Named Executive Officers in the Company’s most recent proxy statement. 

 “Stock Ownership Requirement Ratio” for a Covered Officer means the ratio noted on the chart
included in Section IV opposite the relevant classification for the Covered Officer. 
  
 “Trading Day” means any day on which the principal exchange or quotation system on which the Common Stock is listed or traded is open for trading. 
  
 II. Stock Ownership Requirements 
  
 Commencing in respect of fiscal year 2005 and continuing for each fiscal
year of the Company during which this policy remains in effect, on each Measurement Date the Ownership Ratio for each Covered Officer shall equal or exceed such Covered Officer’s Stock Ownership Requirement Ratio. 
  
 III. Compliance and Administration 
  

	1.	Each Covered Officer’s Ownership Ratio shall be determined by the Committee as of each Measurement Date. In connection therewith, the Committee may request each Covered Officer
to certify in writing his/her holdings of Common Stock as of each such date and furnish such additional information as the Committee may determine is necessary or appropriate in connection with its administration of this Plan.

  
 Company management and the Committee will
monitor compliance with this Policy and the Committee in its sole discretion will make all decisions and determinations related hereto. 
  

	2.	If a Covered Officer’s Ownership Ratio as of any particular Measurement Date equals or exceeds his/her Stock Ownership Requirement Ratio, then such Covered Officer will have no
further obligations with respect to this Policy other than to maintain an Ownership Ratio at all times thereafter that equals or exceeds his/her Stock Ownership Requirement Ratio. 

  

	3.	If a Covered Officer’s Ownership Ratio as of any particular Measurement Date does not equal or exceed his/her Stock Ownership Requirement Ratio, and it is determined that the
Covered Officer has not made a bona fide effort to reach his/her Stock Ownership Requirement to comply with this policy, such Covered Officer may have future bonuses, stock options and/or restricted stock grants reduced or eliminated as determined
by and in the sole discretion of the Committee. 

  
 Covered Officers that are subsequently hired or become for the first time a Named Executive Officer will be advised of this policy and given an appropriate time horizon to achieve their Stock Ownership Requirement Ratio. 
  
 Exceptions to this Policy may be made by the Committee as it deems fit for
Covered Officers that do not meet their Stock Ownership Requirement Ratio due to financial hardship or for other reasons acceptable to the Committee in its sole discretion. 
  

 2 

	4.	The Board of Directors of the Company shall have the right to modify, amend or repeal this Policy at any time as it in its dole discretion deems appropriate.

  

	IV.	Stock Ownership Requirement Ratio 

  

							
	 Position

	  	Stock Ownership Requirement Ratio

	  	By 12/31/2006

	 	By 12/31/2007

	 	 By 12/31/2009 &
 Thereafter

	 Chief Executive Officer
	  	50%	 	100%	 	200%
	 Other Named Executive Officers
	  	25%	 	50%	 	100%

  

 3Summary of Amendments to Certain of the Registrant's Equity Plans

 Exhibit 10.7 
  
 Summary of Amendments to Certain of the Registrant’s Equity Plans 
  
 1996 Equity Incentive Plan 
  
 On October 21, 1999, the Board of Director of Cambridge Heart, Inc. (the “Company”) adopted, subject to stockholder approval, an amendment to
the Company’s 1996 Equity Incentive Plan (the “1996 Plan”) increasing the number of shares of common stock authorized for issuance under the 1996 Plan from 1,000,000 to 1,300,000. This amendment was approved by the stockholders of the
Company at the Special Meeting of Stockholders held on December 21, 1999. 
  
 2001 Stock Incentive Plan 
  
 On April 23, 2003,
the Board of Directors of the Company adopted, subject to stockholder approval, an amendment to the 2001 Stock Incentive Plan (the “2001 Plan”) to increase the total number of shares of common stock authorized for issuance under the 2001
Plan from 1,700,000 to 5,000,000 and to increase the number of restricted shares of common stock authorized for issuance under the 2001 Plan from 170,000 to 770,000 shares. This amendment was approved by the stockholders of the Company at the Annual
Meeting of Stockholders held on June 16, 2003.Severance Agreement dated September 17, 2003 - Ali Haghighi-Mood

 Exhibit 10.20 
  
 September 17, 2003 
  
 Ali Haghighi-Mood 
 600K Brookside Dr. 
 Andover, MA 01810 
  
 Dear Ali: 
  
 Re: Severance
Agreement 
  
 Cambridge Heart, Inc. (the “Company”)
recognizes that, as is the case with many publicly-held corporations, the possibility of a change in control of the Company exists and that such possibility, and the uncertainty and questions it may raise among key personnel, may result in the
departure or distraction of key personnel to the detriment of the Company and its stockholders. The Board of Directors has determined that, while there are no current plans for the Company to engage in a change of control transaction, appropriate
steps be taken to reinforce and encourage the continued employment and dedication of the Company’s key personnel without distraction from the possibility of a change of control and related events and circumstances. 
  
 Accordingly, the Company agrees as follows: 
  
 1. In the event that the Company terminates your employment without Cause,
then the following shall apply: 
  

	 	•	 	You will continue to be paid your salary for six (6) months after termination at the rate in effect on the termination date. 

  

	 	•	 	You will continue for six (6) months to be enrolled in the health insurance program you were enrolled in as of the termination date. 

  

	 	•	 	The vesting of all stock options you hold as of the termination date will be accelerated as follows: the number of shares under all such options that would have become vested (i.e.,
exercisable) during the twelve (12) month period following the termination date shall become exercisable; you must exercise all options (including the accelerated portion) within the time periods set forth in your option agreement(s) and the
applicable option plan. 

 2. In the event that a Change in Control occurs, the following shall apply: 
  

	 	•	 	The vesting of all stock options you hold as of the Change in Control Date will be accelerated as follows: fifty percent (50%) of the number of shares under all such options that
were not vested (i.e., exercisable) as of the Change in Control Date shall become exercisable as of the Change in Control Date; you must exercise all options (including the accelerated portion) within the time periods set forth in your options
agreement(s) and the applicable option plan. 

  
 3.
In the event that a Change in Control occurs and, within twelve (12) months after the Change in Control Date, your employment (either with the Company or the successor/acquiror) is terminated without Cause or you terminate your employment for Good
Reason, then the following shall apply: 
  

	 	•	 	You will continue to be paid your salary for twelve (12) months after termination at the rate in effect on the termination date. 

  

	 	•	 	You will continue for twelve (12) months to be enrolled in the health insurance program you were enrolled in as of the termination date. 

  

	 	•	 	The vesting of all stock options you hold as of the Change in Control Date will be accelerated as follows: one hundred percent (100%) of the number of shares under all such options
that were not vested (i.e., exercisable) as of the termination date shall become exercisable as of the termination date; you must exercise all options (including the accelerated portion) within the time periods set forth in your options agreement(s)
and the applicable option plan. 

  
 All capitalized
terms used in this letter agreement have the meanings set forth in Exhibit A. 
  
 This agreement supercedes all other agreements concerning severance. 
  

			
	Sincerely yours,
	
	CAMBRIDGE HEART, INC.
		
	 	 	 /s/ David Chazanovitz

	By:	 	David Chazanovitz
	Title:	 	President & CEO

  

	
	 AGREED:

	
	 /s/ Ali Haghighi-Mood

	 Ali Haghighi-Mood

 EXHIBIT A 
  

1. “Change in Control” means an event or occurrence set forth in any one or more of subsections (a) through (c) below (including an
event or occurrence that constitutes a Change in Control under one of such subsections but is specifically exempted from another such subsection): 
  
 (a) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) (a “Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) 50% or more of either (i) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then-outstanding securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company or (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or 

 
 (b) such time as the Continuing Directors (as defined below) do not
constitute a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (i) who was a member of the Board on the
date of the execution of this Agreement or (ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was
recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; or 
  
 (c) the consummation of a merger, consolidation, reorganization, recapitalization or statutory share exchange involving the Company or a sale or other
disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, immediately following such Business Combination, all or substantially all of the individuals and entities who were the beneficial
owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the
combined voting power of the then-outstanding securities entitled to vote generally in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination in substantially the same proportions as their
ownership, immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively. 
  
 2. “Change in Control Date” means the first date on which a Change in Control occurs. 

 3. “Cause” means: 
  
 (a) the Employee’s willful and continued failure to substantially perform [his/her] reasonable assigned
duties (other than any such failure resulting from incapacity due to physical or mental illness or any failure after the Employee gives notice of termination for Good Reason), which failure is not cured within 30 days after a written demand for
substantial performance is received by the Employee from the Board of Directors of the Company which specifically identifies the manner in which the Board of Directors believes the Employee has not substantially performed the Employee’s duties;
or 
  
 (b) the Employee’s willful engagement in illegal
conduct or gross misconduct which is materially and demonstrably injurious to the Company. 
  
 For purposes of this Section 3, no act or failure to act by the Employee shall be considered “willful” unless it is done, or omitted to be done, in bad faith and without reasonable belief that the
Employee’s action or omission was in the best interests of the Company. 
  
 4. “Good Reason” means the occurrence, without the Employee’s written consent, of any of the events or circumstances set forth in clauses (a) through (d) below. Notwithstanding the occurrence of
any such event or circumstance, such occurrence shall not be deemed to constitute Good Reason if, prior to the notice of termination given by the Employee in respect thereof, such event or circumstance has been fully corrected and the Employee has
been reasonably compensated for any losses or damages resulting therefrom (provided that such right of correction by the Company shall only apply to the first notice of termination for Good Reason given by the Employee). 
  
 (a) the assignment to the Employee of duties inconsistent in any material
respect with the Employee’s position (including status, offices, titles and reporting requirements), authority or responsibilities in effect immediately prior to the earliest to occur of (i) the Change in Control Date, (ii) the date of the
execution by the Company of the initial written agreement or instrument providing for the Change in Control or (iii) the date of the adoption by the Board of Directors of a resolution providing for the Change in Control (with the earliest to occur
of such dates referred to herein as the “Measurement Date”), or any other action or omission by the Company which results in a diminution in such position, authority or responsibilities; 
  
 (b) a reduction in the Employee’s annual base salary as in effect on the
Measurement Date or as the same was or may be increased from time to time; 
  
 (c) the failure by the Company to (i) continue in effect any material compensation or benefit plan or program (including without limitation any life insurance, medical, health and accident or disability plan and any
vacation program or policy) (a “Benefit Plan”) in which the Employee participates or which is applicable to the Employee immediately prior to the Measurement Date, unless an equitable arrangement (embodied in an ongoing substitute or
alternative plan) has been made with respect to such plan or program, (ii) continue the Employee’s participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount of
benefits provided and the level of the Employee’s participation relative to other participants, than the basis existing immediately prior to the Measurement Date or (iii) award cash bonuses to the Employee in amounts and in a manner
substantially consistent with past practice in light of the Company’s financial performance; 
  
 (d) any failure of the Company to pay or provide to the Employee any portion of the Employee’s compensation or benefits due under any Benefit Plan
within seven days of the date such compensation or benefits are due, or any material breach by the Company of any employment agreement with the Employee.

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