Java execute task with a number of retries and a timeout

I'm trying to create a method that executes a given task in a maximum amount of time. If it fails to finish in that time, it should be retried a number of times before giving up. It should also wait a number of seconds between each try. Here's what I've come up with and I'd like some critiques on my approach. Is their a simpler way to do this using the ScheduledExecutorService or is my way of doing this suffice?

public static <T> T execute(Callable<T> task, int tries, int waitTimeSeconds, int timeout) 
    throws InterruptedException, TimeoutException, Exception {

    Exception lastThrown = null;
    for (int i = 0; i < tries; i++) {
        try {
            final Future<T> future = new FutureTask<T>(task);
            return future.get(timeout, TimeUnit.SECONDS);
        } catch (TimeoutException ex) {
            lastThrown = ex;
        } catch (ExecutionException ex) {
            lastThrown = (Exception) ex.getCause();
        }
        Thread.sleep(TimeUnit.SECONDS.toMillis(waitTimeSeconds));
    }
    if (lastThrown == null) {
        lastThrown = new TimeoutException("Reached max tries without being caused by some exception. " + task.getClass());
    }
    throw lastThrown;
}