UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION


                         Washington, D.C. 20549


                                FORM 8-K


                             CURRENT REPORT


                   Pursuant to Section 13 or 15(d) of
                   the Securities Exchange Act of 1934



     Date of Report (Date of earliest event reported): March 11, 2005



                         EXCEL TECHNOLOGY, INC.

         (Exact name of Registrant as specified in Charter)


          Delaware                    0-19306            11-2780242
(State or other jurisdiction of    (Commission         (I.R.S. Employer
         Incorporation)            File Number)      Identification No.)


                 41 Research Way, E. Setauket, NY 11733
          ..................................................
          (Address of Principal Executive Offices) (zip code)

   Registrant's Telephone Number, including area code:  (631)-784-6175
                                                        ..............

                             Not applicable
      ............................................................
      (Former name or former address, if changed since last report)




ITEM 1.01.  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

     On March 11, 2005,  Excel Technology, Inc. (the "Company") amended
its employment agreement with J. Donald Hill, the Company's Chairman, to
extend the term of the agreement to October 9, 20076 and to provide for a
severance payment in the event of Mr. Hill's voluntary resignation on
account of a Change of Control.  The severance payment shall be entitled
to a payment of $1,000,000 plus a gross-up of any excise tax payable by
Mr. Hill with respect to any portion of such payment constituting an
excess parachute payment under Section 280G of the Internal Revenue Code.


     This description of the amendment to the employment agreement is
qualified by reference to amendment, a copy of which is filed herewith as
Exhibit 10.1.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

      (c)  Exhibits.

           10.1  Amendment to Employment Agreement with J. Donald Hill,
                 dated March 11, 2005.

                               SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



                                           EXCEL TECHNOLOGY, INC.


Date: March 11, 2005
                                           By:/s/ Antoine Dominic
                                              ......................
                                              Antoine Dominic, President
                                              and Chief Executive Officer




                            EXHIBIT INDEX

Exhibit
 Number                       Document
.........                      ........

  10.1  Amendment to Employment Agreement with J. Donald Hill,
        dated March 11, 2005.




Exhibit 10.1


                                   March 11, 2005


Mr. J. Donald Hill
2 Bridgeworth Lane
Sherman, CT 06784

     Re:  Employment Agreement

Dear Don:

     Reference is made to the employment agreement ("Employment
Agreement"), dated as of October 10, 2000, by and between you and Excel
Technology, Inc. (the "Corporation").  Capitalized terms not otherwise
defined herein shall have the meaning ascribed to them in the Employment
Agreement.

     When agreed to and accepted by you in the space provided below, the
Employment Agreement shall be amended, as follows:

     1.  The Employment Period in Section 2.01 shall be extended through
October 9, 2007.

     2.  A new Section 5.05 shall be added to read as follows:

         "5.05  Notwithstanding anything to the contrary contained in
          the provisions of the last sentence of Section 5.04 hereof, if
          the Employee voluntarily leaves the employ of the Company on
          account of a Change of Control (as defined below), then the
          Employee shall be entitled to a payment of $1,000,000, plus a
          gross-up of any excise tax payable by Employee with respect to
          any portion of such payment constituting an excess parachute
          payment under Section 280G of the Internal Revenue Code.  For
          purposes of this Section, a Change of Control shall mean (a)
          the acquisition by any person (including a person defined in
          Section 13(d)(3) or Section 14(d)(2) of the Securities
          Exchange Act of 1934 ("Exchange Act")), entity or group
          (excluding for this purpose, Employee, any person (as defined
          above), entity or group of which Employee is a member, or any
          employee benefit plan of the Company or its subsidiaries) of
          beneficial ownership (within the meaning of Rule 13d-3
          promulgated under the Exchange Act) of more than 50% of either
          the then outstanding shares of common stock of the Company or
          the combined voting power of the Company's then outstanding
          voting securities entitled to vote generally in the election
          of directors, (b) the sale of all or substantially all of the
          assets of the Company in a transaction or series of
          transactions, (c) the merger of the Company with another
          entity where the Company is not the surviving entity, or (d)
          individuals who, as of the date hereof, constitute the Board
          of Directors (the "Incumbent Board") cease for any reason to
          constitute at least a majority of the Board of Directors,
          provided that any person becoming a director subsequent to the
          date hereof whose election, or nomination for election by the
          Company's shareholders, was approved by a vote of at least a
          majority of the directors then comprising the Incumbent Board
          (other than an election or nomination of an individual whose
          initial assumption of office is in connection with an actual
          or threatened election contest relating to the election of the
          Directors of the Company, as such terms are used in Rule 14a-
          11 of Regulation 14A promulgated under the Exchange Act) shall
          be, for purposes of this Agreement, considered as though such
          person was a member of the Incumbent Board."

     This agreement may be executed in several counterparts, each of which
shall be deemed an original and all of which together shall constitute one
and the same instrument.

     Except as amended or modified herein, the Employment Agreement shall
remain in full force and effect.




                                        Sincerely,

                                        EXCEL TECHNOLOGY, INC.


                                        By:/s/Antoine Dominic
                                           ...........................
                                               Antoine Dominic, CEO

AGREED TO AND ACCEPTED:

/s/ J. Donald Hill
...............................
J. Donald Hill
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UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C. 20549

                                FORM 8-K

                             CURRENT REPORT

                   Pursuant to Section 13 or 15(d) of
                   the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): March 11, 2005

                         EXCEL TECHNOLOGY, INC.

         (Exact name of Registrant as specified in Charter)

          Delaware                    0-19306            11-2780242
(State or other jurisdiction of    (Commission         (I.R.S. Employer
         Incorporation)            File Number)      Identification No.)

                 41 Research Way, E. Setauket, NY 11733
          ..................................................
          (Address of Principal Executive Offices) (zip code)

   Registrant's Telephone Number, including area code:  (631)-784-6175
                                                        ..............

                             Not applicable
      ............................................................
      (Former name or former address, if changed since last report)

ITEM 1.01.  ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

     On March 11, 2005,  Excel Technology, Inc. (the "Company") amended
its employment agreement with J. Donald Hill, the Company's Chairman, to
extend the term of the agreement to October 9, 20076 and to provide for a
severance payment in the event of Mr. Hill's voluntary resignation on
account of a Change of Control.  The severance payment shall be entitled
to a payment of $1,000,000 plus a gross-up of any excise tax payable by
Mr. Hill with respect to any portion of such payment constituting an
excess parachute payment under Section 280G of the Internal Revenue Code.

     This description of the amendment to the employment agreement is
qualified by reference to amendment, a copy of which is filed herewith as
Exhibit 10.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

      (c)  Exhibits.

           10.1  Amendment to Employment Agreement with J. Donald Hill,
                 dated March 11, 2005.

                               SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                           EXCEL TECHNOLOGY, INC.

Date: March 11, 2005
                                           By:/s/ Antoine Dominic
                                              ......................
                                              Antoine Dominic, President
                                              and Chief Executive Officer

                            EXHIBIT INDEX

Exhibit
 Number                       Document
.........                      ........

  10.1  Amendment to Employment Agreement with J. Donald Hill,
        dated March 11, 2005.

Exhibit 10.1

                                   March 11, 2005

Mr. J. Donald Hill
2 Bridgeworth Lane
Sherman, CT 06784

     Re:  Employment Agreement

Dear Don:

     Reference is made to the employment agreement ("Employment
Agreement"), dated as of October 10, 2000, by and between you and Excel
Technology, Inc. (the "Corporation").  Capitalized terms not otherwise
defined herein shall have the meaning ascribed to them in the Employment
Agreement.

     When agreed to and accepted by you in the space provided below, the
Employment Agreement shall be amended, as follows:

     1.  The Employment Period in Section 2.01 shall be extended through
October 9, 2007.

     2.  A new Section 5.05 shall be added to read as follows:

         "5.05  Notwithstanding anything to the contrary contained in
          the provisions of the last sentence of Section 5.04 hereof, if
          the Employee voluntarily leaves the employ of the Company on
          account of a Change of Control (as defined below), then the
          Employee shall be entitled to a payment of $1,000,000, plus a
          gross-up of any excise tax payable by Employee with respect to
          any portion of such payment constituting an excess parachute
          payment under Section 280G of the Internal Revenue Code.  For
          purposes of this Section, a Change of Control shall mean (a)
          the acquisition by any person (including a person defined in
          Section 13(d)(3) or Section 14(d)(2) of the Securities
          Exchange Act of 1934 ("Exchange Act")), entity or group
          (excluding for this purpose, Employee, any person (as defined
          above), entity or group of which Employee is a member, or any
          employee benefit plan of the Company or its subsidiaries) of
          beneficial ownership (within the meaning of Rule 13d-3
          promulgated under the Exchange Act) of more than 50% of either
          the then outstanding shares of common stock of the Company or
          the combined voting power of the Company's then outstanding
          voting securities entitled to vote generally in the election
          of directors, (b) the sale of all or substantially all of the
          assets of the Company in a transaction or series of
          transactions, (c) the merger of the Company with another
          entity where the Company is not the surviving entity, or (d)
          individuals who, as of the date hereof, constitute the Board
          of Directors (the "Incumbent Board") cease for any reason to
          constitute at least a majority of the Board of Directors,
          provided that any person becoming a director subsequent to the
          date hereof whose election, or nomination for election by the
          Company's shareholders, was approved by a vote of at least a
          majority of the directors then comprising the Incumbent Board
          (other than an election or nomination of an individual whose
          initial assumption of office is in connection with an actual
          or threatened election contest relating to the election of the
          Directors of the Company, as such terms are used in Rule 14a-
          11 of Regulation 14A promulgated under the Exchange Act) shall
          be, for purposes of this Agreement, considered as though such
          person was a member of the Incumbent Board."

     This agreement may be executed in several counterparts, each of which
shall be deemed an original and all of which together shall constitute one
and the same instrument.

     Except as amended or modified herein, the Employment Agreement shall
remain in full force and effect.

                                        Sincerely,

                                        EXCEL TECHNOLOGY, INC.

                                        By:/s/Antoine Dominic
                                           ...........................
                                               Antoine Dominic, CEO

AGREED TO AND ACCEPTED:

/s/ J. Donald Hill
...............................
J. Donald Hill