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                                                                   Exhibit 10(k)

                            CYBEX INTERNATIONAL, INC.

               2002 STOCK RETAINER PLAN FOR NONEMPLOYEE DIRECTORS

     1.   Purpose. The Cybex International, Inc. 2002 Stock Retainer Plan for
Nonemployee Directors (the "Plan") is intended (i) to further the identity of
interests of the directors of Cybex International, Inc. (the "Company") who are
neither officers nor employees of the Company or its subsidiaries ("Nonemployee
Directors") with the interests of the Company's shareholders, (ii) to stimulate
and sustain constructive and imaginative thinking by such Nonemployee Directors,
and (iii) to induce the service or continued service of the most highly
qualified individuals to serve as Nonemployee Directors of the Company.

     2.   Participants. All Nonemployee Directors are eligible to participate in
the Plan and each such director will participate as described in Section 4
hereof.

     3.   Common Stock Available under the Plan. The aggregate number of shares
of common stock, $.10 par value per share ("Common Stock"), of the Company that
may be issued under this Plan shall be 150,000 shares of Common Stock, which may
be authorized and unissued shares or treasury shares, subject to any adjustments
made in accordance with Section 6 hereof. If any shares of Common Stock issued
pursuant to a Stock Retainer (as defined below) shall, after issuance, be
reacquired by the Company for any reason, such shares may again be issued
pursuant to the Plan, to the extent permitted by Rule 16b-3 (or any successor
rule) promulgated under the Securities Exchange Act of 1934, as amended (the
"Exchange Act").

     4.   Stock Retainer. (a) Except as provided herein, from and after January
1, 2002, on December 31 of each calendar year (each, a "Payment Date"), each
person serving as a Nonemployee Director on such Payment Date will, for service
as such, be issued a number of shares of Common Stock ("Stock Retainer") equal
to the quotient obtained by dividing (i) fifty percent (50%) of his annual
retainer (the "Retainer Amount") by (ii) the Fair Market Value (as defined
herein) of a share of Common Stock on January 1 of such calendar year. To the
extent that such calculation does not result in a whole number of shares, the
fractional share shall be rounded upwards to the next whole number so that no
fractional shares shall be issued.

     (b)  In the event that a Stock Retainer is to be paid on a Payment Date to
a Nonemployee Director who shall have commenced service as a Nonemployee
Director subsequent to the immediately preceding Payment Date, his Stock
Retainer shall be adjusted to reflect the percentage of the year during which
such Nonemployee Director served as such.

     (c)  In the event a Nonemployee Director shall cease to serve as a director
of the Company between Payment Dates, such person shall receive a Stock Retainer
equal to the Stock Retainer that would otherwise have been paid on the
immediately following Payment Date had such person

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continued to serve, adjusted to reflect the percentage of the year during which
such person served as a Nonemployee Director, and such Stock Retainer shall be
paid as soon as practicable following the date the Nonemployee Director ceases
to serve as a director of the Company.

     (d)   The stock certificate representing the Stock Retainer shall be
delivered to each Nonemployee Director as soon as practicable following each
Payment Date. After the delivery of the shares, each Nonemployee Director shall
have all the rights of a shareholder with respect to such shares (including the
right to vote such shares and the right to receive all dividends paid with
respect to such shares); provided, however; shares of Common Stock received
pursuant to a Stock Retainer in respect of a Payment Date may not be sold,
transferred, assigned, pledged, hypothecated or otherwise disposed of until at
least six months and one day after such Payment Date.

     (e)   Notwithstanding the foregoing, no Stock Retainer will be issued to a
Nonemployee Director who is removed for cause, as specified in the Company's
Restated Certificate of Incorporation, as the same may be amended.

     5.    Fair Market Value. For purposes of this Plan, Fair Market Value shall
be the closing price for the Company's Common Stock on the date of calculation
(or on the last preceding trading date if Common Stock was not traded on the
date of calculation) if the Company's Common Stock is readily tradeable on a
national securities exchange or other market system, and if the Company's Common
Stock is not readily tradeable, Fair Market Value shall mean the amount
determined in good faith by the Board of Directors as the fair market value of
the Common Stock of the Company.

     6.    Adjustment Provisions.

     (a)   In the event that any reclassification, split-up or consolidation
of the Common Stock shall be effected, or the outstanding shares of Common Stock
are, in connection with a merger or consolidation of the Company or a sale by
the Company of all or a part of its assets, exchanged for a different number or
class of shares of stock or other securities or property of the Company or for
shares of the stock or other securities or property of any other corporation or
person, or a record date for determination of holders of Common Stock entitled
to receive a dividend payable in Common Stock shall occur, (i) the number and
class of shares that may be issued pursuant to Stock Retainers thereafter paid,
and (ii) the number and class of shares that have not been issued under
effective Stock Retainers, shall in each case be equitably adjusted as
determined by the Board of Directors.

     (b)   In the event that any spin-off or other distribution of assets of
the Company to its shareholders shall occur, the number and class of shares that
may be issued pursuant to Stock Retainers thereafter paid shall be equitably
adjusted as determined by the Board of Directors.

     7.    General Provisions.

     (a)   Nothing in this Plan or in any instrument executed pursuant hereto
shall confer upon any person any right to continue to serve as a Nonemployee
Director of the Company.

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         (b)   No shares of Common Stock shall be issued pursuant to a Stock
Retainer unless and until all legal requirements applicable to the issuance of
such shares have been complied with in the opinion of counsel to the Company. In
connection with any such issuance, the person acquiring the shares shall, if
requested by the Company, give assurances, satisfactory to counsel to the
Company, in respect of such matters as the Company may deem desirable to assure
compliance with all applicable legal requirements.

         (c)   No person (individually or as a member of a group), and no
beneficiary or other person claiming under or through him, shall have any right,
title or interest in or to any shares of Common Stock allocated or reserved for
the purposes of this Plan or subject to any Stock Retainer except as to such
shares of Common Stock, if any, as shall have been issued to him.

         (d)   Nothing in this Plan is intended to be a substitute for, or shall
preclude or limit the establishment or continuation of, any other plan, practice
or arrangement for the payment of compensation or benefits to Nonemployee
Directors that the Company now has or may hereafter put into effect.

         (e)   It shall be a condition to the obligation of the Company to issue
shares of Common Stock hereunder, that the participant pay to the Company, upon
its demand, such amount as may be requested by the Company for the purpose of
satisfying any liability to withhold federal, state, local or foreign income or
other taxes. If the amount requested is not paid, the Company shall have no
obligation to issue, and the participant shall have no right to receive, shares
of Common Stock.

         8.    Duration, Amendments and Termination.

         (a)   No Stock Retainers shall be paid under this Plan with respect to
any period beginning after December 31, 2011. The Board of Directors may amend
or suspend the Plan from time to time or terminate the Plan at any time;
provided, however, that (i) no amendment shall become effective without the
approval of the shareholders of the Company to the extent shareholder approval
is required in order to comply with Rule 16b-3, and (ii) neither the Retainer
Amount, nor any other provision of this Plan affecting the number of shares of
Common Stock receivable pursuant to a Stock Retainer or the frequency with which
Stock Retainers are paid, shall be amended or otherwise modified more than once
every six months, except as may be necessary or appropriate to comport with the
Internal Revenue Code of 1986 or the Employee Retirement Income Security Act of
1974, as either of the same may be amended, or the rules and regulations
promulgated thereunder.

         (b)   No amendment, suspension or termination of this Plan shall
adversely affect any Stock Retainer theretofore paid.

         9.    Governing Law. This Plan and actions taken in connection
herewith shall be governed and construed in accordance with the laws of the
State of New York (regardless of the law that might otherwise govern under
applicable New York principles of conflict of laws).

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         10.    Compliance with Rule 16b-3. With respect to persons subject to
Section 16 of the Exchange Act, transactions under the Plan are intended to
comply with all applicable conditions of Rule 16b-3 under the Exchange Act. To
the extent any provision of the Plan fails to so comply, it shall be deemed null
and void, to the extent permitted by law and deemed advisable by the Board of
Directors.

         11.    Effective Date.  (a)  This Plan was approved by the Board of
Directors on December 11, 2001, subject to shareholder approval. This Plan, upon
being approved by the shareholders of the Company at an annual or any special
meeting of the shareholders of the Company, shall be deemed effective as of
January 1, 2002 (the "Effective Date").

                (b)  This Plan shall terminate on December 31, 2011 (unless
sooner terminated by the Board of Directors).

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                                                                   Exhibit 10(l)

                               SERVICES AGREEMENT

     Services Agreement (the "Agreement"), dated February 26, 2002, between
Cybex International, Inc. ("Cybex"), a New York corporation and UM Holdings
Ltd., ("UM Holdings"), a New Jersey corporation.

     WHEREAS, Arthur W. Hicks, Jr. (the "Shared Employee") is a certified public
accountant licensed in Pennsylvania.

     WHEREAS, the Shared Employee currently serves as Vice President and Chief
Financial Officer of UM Holdings;

     WHEREAS, Cybex wishes to retain the services of the Shared Employee to
serve as its Acting Chief Financial Officer to perform the functions and duties
of such office, in a high-quality, cost effective manner;

     WHEREAS, given its investment in Cybex, UM Holdings believes it to be in
its best interest to assist Cybex in its above stated wishes; and

     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 February
          26, 2002 and expire on December 31, 2002 (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"), the Shared Employee shall
          remain as an employee of UM Holdings. It is expected that the Shared
          Employee will expend approximately seventy percent (70%), but any
          event not less than fifty percent (50%), of his time performing duties
          hereunder.

     3.   Fees. (a) As full compensation for the services to be provided
          hereunder, Cybex shall pay to UM Holdings fees at the rate of $120,000
          per annum, payable in equal monthly installments, for so long as this
          Agreement remains in effect. Cybex will also be responsible for
          expenses as provided in paragraph 4 below.

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          (b) The Shared Employee shall in no event be deemed to be an employee
          or independent contractor of Cybex, and UM Holdings will remain
          responsible for the compensation, benefits and related payroll taxes
          and withholding for the Shared Employee.

     4.   Conditions.

              A.    During the Term, the 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 the 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

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          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: Karen Slein
               10 Trotter Drive
               Medway, MA  02053
               (508) 533-5500 (fax)

               If to UM Holdings:

               UM Holdings Ltd.
               Attention: Jordan Mersky, General Counsel
               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

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          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.

                                            CYBEX INTERNATIONAL, INC.

                                            /s/ John Aglialoro
                                            -------------------
                                            Name: John Aglialoro
                                            Title: Chairman and CEO

                                            UM HOLDINGS LTD.

                                            /s/ Jordan S. Mersky
                                            --------------------
                                            Name: Jordan S. Mersky
                                            Title: Vice President and General
                                                   Counsel

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