Document:

Prepared and filed by St Ives Burrups

 Exhibit 10.2

PROGENICS PHARMACEUTICALS, INC.

RESTRICTED STOCK AWARD AGREEMENT

RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of Date (the “Date of Grant”), between Progenics Pharmaceuticals, Inc., a Delaware corporation (the “Company”) and Name (the “Grantee”).  Capitalized terms used herein but not defined shall have the meanings attributed to them in the Company’s 1996 Stock Incentive Plan (the “Plan”).

Pursuant to the Plan, the Company has authorized the execution and delivery of this Agreement.  A copy of the Plan as in effect on the Date of Grant has been supplied to the Grantee, and the Grantee hereby acknowledges receipt thereof.

Section 1.    Restricted Stock
      Award.  The Company grants to the Grantee, on the terms and conditions
      hereinafter set forth, a restricted stock award with respect to Number shares
      of the common stock of the Company, par value $.0013 per share (the “Restricted
      Stock”).  

Section 2.   Vesting of Restricted Stock.  Subject to Section 3 hereof, the Restricted Stock shall become vested and nonforfeitable based on the continued employment of the Grantee with the Company or a Subsidiary in accordance with the following vesting schedule:

	Vesting Date	Number of Shares
		
	 	 
	 	 
	 	 
	 	 

          Section 3.   Termination of Employment.  If Grantee’s employment with the Company or any Subsidiary is terminated prior to the occurrence of any otherwise applicable vesting date provided in Section 2 hereof, the Grantee shall (i) forfeit his interest in any shares of Restricted Stock that have not yet become vested, (ii) assign, transfer, and deliver any certificates evidencing ownership of such shares to the Company, and (iii) cease for all purposes to be a stockholder with respect to such shares.

          Section 4.   Rights as a Stockholder.  Subject to the otherwise applicable provisions of this Agreement, the Grantee will have all rights of a stockholder with respect to shares of Restricted Stock granted to the Grantee hereunder, including the right to vote the shares and receive all dividends and other distributions paid or made with respect thereto.

 

 
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          Section 5.   Restrictions on Transfer.  Neither this Agreement nor any shares of the Restricted Stock covered hereby may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Grantee, otherwise than to the Company, unless as of the date of any such sale, assignment, transfer, encumbrance, hypothecation or pledge, such shares of Restricted Stock to be thus disposed of have become vested in accordance with Section 2 hereof.  The certificate or certificates representing shares delivered pursuant to this Agreement shall bear a legend referring to the nontransferability or assignability of such shares pursuant to this Section, and a stop-transfer order against
such certificate or certificates will be placed by the Company with its transfer agents and registrars.  At the discretion of the Committee, in lieu of issuing a stock certificate to the Grantee, the Company may hold the shares of Restricted Stock in escrow during the period such shares remain subject to the vesting restrictions and other restrictions provided hereunder.

          Section 6.   Investment Representation.  Upon acquisition of Restricted Stock at a time when there is not in effect a registration statement under the Securities Act of 1933 relating to the shares of Common Stock, the Grantee hereby represents and warrants, and by virtue of such acquisition shall be deemed to represent and warrant, to the Company that the shares of Restricted Stock shall be acquired for investment and not with a view to the distribution thereof, and not with any present intention of distributing the same, and the Grantee shall provide the Company with such further representations and warranties as the Company may require in order to ensure compliance with
applicable federal and state securities, blue sky and other laws.  No shares of Restricted Stock shall be acquired unless and until the Company and/or the Grantee shall have complied with all applicable federal or state registration, listing and/or qualification requirements and all other requirements of law or of any regulatory agencies having jurisdiction, unless the Committee has received evidence satisfactory to it that the Grantee may acquire such shares pursuant to an exemption from registration under the applicable securities laws.  Any determination in this connection by the Committee shall be final, binding and conclusive.  The Company reserves the right to legend any certificate for shares of Common Stock, conditioning sales of such shares upon compliance with applicable federal
and state securities laws and regulations.

          Section 7.   Changes in Common Stock.  If there shall occur any recapitalization, reclassification, stock dividend, stock split, reverse stock split, or other distribution with respect to the shares of Common Stock, or any merger, reorganization, consolidation or other change in corporate structure affecting the Common Stock, the Committee may, in the manner and to the extent that it deems appropriate and equitable to the Grantee and consistent with the terms of the Plan, cause an adjustment in (i) the number and kind of shares subject to the Award and (ii) any other terms of the Award that are affected by the event. 

          Section 8.   No Right of Continued Service.  Nothing in this Agreement shall confer upon the Grantee any right to continue as an employee of the Company or any Subsidiary or to interfere in any way with any right of the Company to terminate the Grantee’s employment at any time.

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          Section 9.   Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the legatees, distributees, and personal representatives of the Grantee and the successors of the Company.

          Section 10.   Notices.  All notices or other communications which are required or permitted hereunder shall be deemed sufficient if contained in a written instrument given by personal delivery, telex, telecopier, telegram, air courier or registered or certified mail, postage prepaid, return receipt requested, addressed to such party at the address set forth below or such other address as may thereafter be designated in a written notice from such party to the other party:

If to the Company, to:

Robert A. McKinney

777 Old Saw Mill River Road

Tarrytown, NY   10591

If to the Grantee, to:

Name

Address 1

Address 2

SS#

All such notices, advances and communications shall be deemed to have been delivered and received (a) in the case of personal delivery, on the date of such delivery, (b) in the case of telecopier, upon receipt of machine confirmation, and (c) in the case of mailing, on the third business day following such mailing.

          Section 11.   Construction.  The construction of this Agreement is vested in the Committee, and the Committee’s construction shall be final and conclusive.

          Section 12.   Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, excluding the choice of law rules thereof.

          Section 13.   Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

          Section 14.   Entire Agreement.  This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject matter hereof and thereof, merging any and all prior agreements.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Date of Grant.

 

	 	PROGENICS PHARMACEUTICALS, INC.
	 	 
	 	By:                                              
	 	Name: Ronald J. Prentki
	 	Title: President
	 	 
	 	GRANTEE
	 	 
	 	By:                                              
	 	Name:

4Exhibit 10.11

                             FOURTH AMENDMENT TO THE
                        HEICO SAVINGS AND INVESTMENT PLAN

        THIS FOURTH AMENDMENT (the "Amendment"), made as of the 13th day of
December, 2004, to the HEICO Savings and Investment Plan (the "Plan"), by HEICO
Corporation, a Florida corporation (the "Company").

                              W I T N E S S E T H:

        WHEREAS, the Company maintains the Plan for the sole and exclusive
benefit of its eligible participants and their respective beneficiaries under
the terms and provisions of the Internal Revenue Code of 1986, as amended; and

        WHEREAS, pursuant to Section 15.01 of the Plan, the Company has the
power to amend the Plan;

        NOW, THEREFORE, the Plan shall be amended as follows:

        EFFECTIVE AS OF JANUARY 1, 2004

1.      Section 7.01(a) is hereby amended in its entirety to read as follows:

                "(a)    The Average Actual Deferral Percentage for all
                        Participants who are Highly Compensated Employees may
                        not exceed the greater of:

                        (1)     the Average Actual Deferral Percentage for all
                                Participants who are Non-Highly Compensated
                                Employees for the current Plan Year multiplied
                                by 1.25; or

                        (2)     the Average Actual Deferral Percentage for all
                                Participants who are Non-Highly Compensated
                                Employees for the current Plan Year multiplied
                                by two, but not more than two percentage points
                                in excess of the Average Actual Deferral
                                Percentage of Participants who are Non-Highly
                                Compensated Employees.

<PAGE>

                        This method of testing is referred to as the "Current
                        Year Testing Method," and is effective for Plan Years
                        beginning on or after January 1, 2004, unless otherwise
                        provided in the Plan."

2.      Section 7.01(b) is hereby amended in its entirety to read as follows:

                "(b)    Should neither limitation (1) or (2) in Section 7.01(a)
                        be met with respect to a Plan Year, the Committee,
                        subject to applicable law and regulations, shall cause
                        Excess Contributions and income allocable thereto to be
                        distributed in accordance with Section 7.01(d) no later
                        than 2 1/2 months following the end of any Plan Year to
                        Participants on whose behalf such Excess Contributions
                        were made for the current Plan Year.

                        A distribution of Excess Contributions and income, gains
                        and losses allocable thereto shall be made without
                        regard to any consent otherwise required under Section
                        10.01(c) or any other provision of the Plan. A
                        distribution pursuant to Section 7.01(b)(1) of Excess
                        Contributions and income, gains and losses allocable
                        thereto shall not be treated as a distribution for
                        purposes of determining whether the distribution
                        required by Section 10.06 is satisfied. Any distribution
                        under Section 7.01(b)(1) of less than the entire Excess
                        Contribution and income, gains and losses allocable
                        thereto shall be treated as a pro rata distribution of
                        Excess Contributions and income, gains and losses
                        allocable thereto. In no event shall Excess
                        Contributions for a Plan Year remain unallocated or be
                        allocated to a suspense account for allocation to one or
                        more employees in any future Plan Year."

3.      The first paragraph of Section 7.01(d) is hereby amended in its entirety
to read as follows:

                "(d)    Elective Deferral Contributions exceeding the
                        limitations of Section 7.01(a) ("Excess Contributions")
                        and any income or loss allocable to such Excess
                        Contribution shall be designated by the Committee as
                        Excess Contributions and shall be distributed to Highly
                        Compensated Employees whose Accounts were credited with
                        Excess Contributions in the current Plan Year to
                        determine the aggregate amount of Excess Contributions
                        to be distributed, the Committee shall first determine
                        the aggregate dollar amount of the distribution as
                        follows:"

4.      Section 7.02(a) is hereby amended in its entirety to read as follows:

                "(a)    The Average Actual Contribution Percentage for
                        Participants who are Highly Compensated Employees may
                        not exceed the greater of:

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                        (1)     the Average Actual Contribution Percentage for
                                all Participants who are Non-Highly Compensated
                                Employees for the current Plan Year multiplied
                                by 1.25; or

                        (2)     the Average Actual Contribution Percentage for
                                all Participants who are Non-Highly Compensated
                                Employees for the current Plan Year multiplied
                                by two, but not more than two percentage points
                                in excess of the Average Actual Contribution
                                Percentage of Participants who are Non-Highly
                                Compensated Employees.

                        This method of testing is referred to as the "Current
                        Year Testing Method," and is effective for Plan Years
                        beginning on or after January 1, 2004, unless otherwise
                        provided in the Plan."

        EFFECTIVE AS OF JANUARY 1, 2005

5.      Section 4.01(a) is hereby amended in its entirety to read as follows:

                "(a)    Each Employer shall contribute to the Trust, on behalf
                of each Participant, Elective Deferral Contributions as
                specified in a salary reduction agreement between the
                Participant and such Employer; provided, however, that such
                contribution for a Participant shall not exceed the limitations
                set forth in Code Section 402(g), or any successor thereto, for
                each Plan Year (including any other elective deferrals within
                the meaning of Code Section 402(g)(3) in the case of all other
                plans, contracts, or arrangements of the Employer)."

6.      A new Section 4.02A is hereby added to read as follows:

                "4.02A    CATCH-UP CONTRIBUTIONS.

                (a)     Eligibility. Effective for Plan Years beginning on or
                        after January 1, 2005, all Employees who are eligible to
                        make Elective Deferral Contributions under this Plan and
                        who are projected to have attained age 50 before the
                        close of the Plan Year shall be eligible to make
                        Catch-Up Contributions in accordance with, and subject
                        to the limitations of, Code Section 414(v).

                (b)     Election. In order to have Catch-Up Contributions made
                        on his or her behalf for a Plan Year, a Participant
                        shall direct that such Catch-Up Contributions be made
                        pursuant to a procedure prescribed by the Committee
                        whereby such Participant's annual Compensation shall be
                        reduced by a specified amount not to exceed the
                        limitations of Code Section 414(v), and whereby the
                        Employer agrees to contribute an identical amount on the

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                        Participant's behalf to the Plan on a pre-tax basis
                        under this Section 4.02A.

                (c)     Application. Such Catch-Up Contributions shall not be
                        taken into account for purposes of the limitation set
                        forth in Section 5.02 hereof as well as the provisions
                        of the Plan implementing the required limitations of
                        Code Sections 402(g) and 415. The Plan shall not be
                        treated as failing to satisfy the provisions of the Plan
                        implementing the requirements of Code Sections
                        401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416, as
                        applicable, by reason of the making of such Catch-Up
                        Contributions.

                (d)     Classification; No Matching Contributions. For purposes
                        of this Plan, except as provided in this Section 4.02A,
                        Catch-Up Contributions shall be considered Elective
                        Deferral Contributions and shall be allocated to a
                        Participant's Elective Deferral Account. Notwithstanding
                        the foregoing, Catch-Up Contributions shall not be
                        considered Elective Deferral Contributions for purposes
                        of allocating Matching Contributions as provided in
                        Section 4.03(a) of this Plan."

7.      Subsection 7.01(e) is hereby amended in its entirety to read as follows:

                "(e)    The income, gain or loss allocable to distributed Excess
                        Contributions for the Plan Year for purposes of Section
                        4.01(b) is determined by multiplying the income for the
                        Plan Year allocable to Elective Deferral Contributions
                        by a fraction. The numerator of the fraction is the
                        Excess Contribution distributed to the Participant for
                        the Plan Year. The denominator of the fraction is the
                        total Account Balance of the Participant attributable to
                        Elective Deferral Contributions as of the end of the
                        Plan Year, reduced by the gain allocable to such total
                        amount for the Plan Year and increased by the loss
                        allocable to such total amount for the Plan Year."

8.      Subsection 7.02(f) is hereby amended in its entirety to read as follows:

                "(f)    The income, gain or loss allocable to distributed Excess
                        Aggregate Contributions for the Plan Year is determined
                        by multiplying the income for the Plan Year allocable to
                        Matching Contributions by a fraction. The numerator of
                        the fraction is the Excess Aggregate Contributions made
                        on behalf of the Participant for the Plan Year. The
                        denominator of the fraction is the total Account Balance
                        of the Participant attributable to Matching
                        Contributions as of the end of the Plan Year, reduced by
                        the gain allocable to such total amount for the Plan
                        Year and increased by the loss allocable to such total
                        amount for the Plan Year."

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9.      In all other respects, the Plan shall remain unchanged by the Amendment.

        IN WITNESS WHEREOF, the Company has caused this instrument to be
executed the day and year first above written.

                                        HEICO Corporation, a Florida corporation

                                        By:
                                               ---------------------------------
                                        Name:
                                        Title:

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