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<title>Mentor Corporation - Form 8-K</title>



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<p align=center style='text-align:center'><font face="Times New Roman" size="4"><b>&nbsp;UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</b></font><b><font face="Times New Roman">Washington, DC 20549</font></b></p>

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<p align=center style='text-align:center'><font face="Times New Roman" size="4"><b>FORM 8&#8209;K</b></font></p>

<p align=center style='text-align:center'><font face="Times New Roman" size="2">CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of<br>
the Securities Exchange Act of 1934</font></p>

<p align=center style='text-align:center'><font face="Times New Roman" size="2">Date of Report (Date
of earliest event reported)<br>
</font><font face="Times New Roman" size="4">
<b>October 24, 2007</b></font></p>

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<p align=center style='text-align:center'><font face="Times New Roman" size="4"><b>MENTOR CORPORATION<br>
</b></font><font face="Times New Roman" size="2">(Exact name of registrant as specified in its charter)</font></p>

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	<font face="Times New Roman" size="2"><b><u>Minnesota</u></b></font></p>
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  <p><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
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  <td width="31%" valign=top style='width:31.78%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2"><b><u>001-31744</u></b></font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
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  <td width="32%" valign=top style='width:32.54%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2"><b><u>41-0950791</u></b></font></p>
  </td>
 </tr>
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  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2">(State or other
  jurisdiction of incorporation)</font></p>
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  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="32%" valign=top style='width:32.56%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2">(IRS Employer<br>
  Identification No.)</font></p>
  </td>
 </tr>
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<p align=center style='text-align:center'><font face="Times New Roman" size="2"><b>201 Mentor Drive</b><br>
  <b>Santa Barbara, California&nbsp; 93111</b><br>
(Address of principal executive offices, including zip code)</font></p>

<p align=center style='text-align:center'><font face="Times New Roman" size="2"><b>(805) 879-6000<br>
</b>(Registrant's telephone number, including area code)</font></p>

<p align=center style='text-align:center'><font face="Times New Roman" size="2"><b>Not Applicable<br>
</b>(Former name or former address, if changed since last report)</font></p>

<p><font face="Times New Roman" size="2">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'>
<font face="Times New Roman" size="2">[&nbsp; ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'>
<font face="Times New Roman" size="2">[&nbsp; ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'>
<font face="Times New Roman" size="2">[&nbsp; ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</font></p>

<p style='margin-left:14.25pt;text-indent:-14.25pt'>
<font face="Times New Roman" size="2">[&nbsp; ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></p>





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<p><font face="Times New Roman" size="2"><b>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </b></font></p>

<p style='margin-left:.5in;text-indent:-.5in'>
<font face="Times New Roman" size="2">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October 24, 2007, Loren L.
McFarland notified Mentor Corporation (the &quot;Company&quot;) of his resignation as
Vice President, Chief Financial Officer, and Treasurer, effective November 12,
2007.&nbsp; See Exhibit 99.1 for Press Release dated October 30, 2007.</font></p>

<p style='margin-left:.5in;text-indent:-.5in'>
<font face="Times New Roman" size="2">(e)&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October 27, 2007, the
Compensation Committee of the Board of Directors approved a separation and
release agreement and a consulting agreement between the Company and Mr.
McFarland in connection with his resignation from the Company.</font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the terms of Mr. McFarland's
separation and release agreement, he will receive a severance payment on May
15, 2008 equal to 36 months of his base salary and a payment for a pro rated
bonus equal to approximately 62.5% of his eligible bonus amount for fiscal
2008.&nbsp; Mr. McFarland will be entitled to payments of COBRA premiums for up
to 24 months.&nbsp; Additionally, the Company agreed to (i) reimburse Mr.
McFarland up to $8,000 for continuing professional education during the period
of November 12, 2007 through April 30, 2009; (ii) continue for 12 months health
exam and financial and estate planning benefits; and (iii) make available
executive placement benefits or, if Mr. McFarland declines to use such
placement benefits, pay the sum of $12,000.&nbsp; Amounts payable or reimbursed
pursuant to the previous sentence will be paid in a lump sum on May 15, 2008.&nbsp;
</font> </p>



<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr. McFarland executed a release of claims
in favor of the Company and agreed not to solicit the Company's employees for a
period of 12 months.</font></p>



<p style='text-align:justify'><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the
terms of the consulting agreement with Mr. McFarland, he will provide
consulting services to the Company from November 12, 2007 through April 30,
2009 (the &quot;Consulting Term&quot;).&nbsp; During the Consulting Term, Mr. McFarland
will provide up to sixteen (16) hours of services per month and the Company
will pay for such services at a rate of $5,200 per month. Mr. McFarland's
unvested options, performance stock units, and restricted stock awards will
continue to vest during the term of the consulting agreement.&nbsp; </font> </p>

<p style='text-align:justify;text-indent:.5in'>
<font face="Times New Roman" size="2">Copies of Mr.
McFarland's separation and release agreement and consulting agreement are
attached hereto as Exhibits 10.1 and 10.2, respectively, and the prior
description is qualified entirely by such agreements, which are deemed
incorporated by reference herein.</font></p>

<p style='text-autospace:ideograph-numeric'>
<font face="Times New Roman" size="2"><b>Item
9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits</b></font></p>

<p style='text-autospace:ideograph-numeric'>
<font face="Times New Roman" size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>The following exhibits are filed with this Current
Report on Form 8-K:</font></p>

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  <p style='text-autospace:ideograph-numeric'>
	<font face="Times New Roman" size="2"><u>Exhibit
  No.</u></font></p>
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  <p style='text-autospace:ideograph-numeric'>
	<font face="Times New Roman" size="2"><u>Exhibit
  Title or Description</u></font></p>
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  </td>
  <td valign=top style='width:115px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:
  0in;text-autospace:ideograph-numeric'><font face="Times New Roman" size="2">10.1</font></p>
  </td>
  <td valign=top style='width:413px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  3.0pt;margin-left:0in;text-autospace:none'>
	<font face="Times New Roman" size="2">Separation and Release Agreement,
  dated October 27, 2007, between Mentor Corporation and Loren L. McFarland.</font></p>
  </td>
 </tr>
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  <td valign=top style='width:84px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=top style='width:115px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:
  0in;text-autospace:ideograph-numeric'><font face="Times New Roman" size="2">10.2</font></p>
  </td>
  <td valign=top style='width:413px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  3.0pt;margin-left:0in;text-autospace:none'>
	<font face="Times New Roman" size="2">Loren L. McFarland Consulting
	Agreement, dated October 27, 2007 - Exhibit&nbsp; A to Separation and
  Release Agreement, dated October 27, 2007, between Mentor Corporation and Loren
  L. McFarland.</font></p>
  </td>
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  </td>
  <td valign=top style='width:115px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:
  0in;text-autospace:ideograph-numeric'><font face="Times New Roman" size="2">99.1</font></p>
  </td>
  <td valign=top style='width:413px;padding:0in; '>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  3.0pt;margin-left:0in;text-autospace:none'>
	<font face="Times New Roman" size="2">Press Release, dated October 30,
  2007, of Mentor Corporation.</font></p>
  </td>
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<p style='text-indent:1.0in;line-height:10.85pt'>
<font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>



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<p align=center style='text-align:center'><font face="Times New Roman" size="2"><b>SIGNATURES</b></font></p>

<p><font face="Times New Roman" size="2">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.</font></p>







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  <p><font face="Times New Roman" size="2"><b>MENTOR CORPORATION</b></font></p>
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  <font face="Times New Roman" size="2">&nbsp;</font></td>
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  <p><font face="Times New Roman" size="2">Date:&nbsp; October 30, 2007</font></p>
  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>
  <p align=right style='margin-right:8.9pt;text-align:right'>
	<font face="Times New Roman" size="2">By:</font></p>
  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><u>/s/ Joshua H. Levine&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
	</font></p>
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  </td>
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  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2">Joshua H. Levine<br>
  Chief Executive Officer</font></p>
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  </td>
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  <font face="Times New Roman" size="2">&nbsp;</font></td>
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  <p><font face="Times New Roman" size="2">Date:&nbsp; October 30, 2007</font></p>
  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>
  <p align=right style='margin-right:8.9pt;text-align:right'>
	<font face="Times New Roman" size="2">By:</font></p>
  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><u>/s/ Joseph A. Newcomb&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
	</font></p>
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  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2">Joseph A. Newcomb<br>
  General Counsel</font></p>
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{"company-data": {"conformed-name": "MENTOR CORP /MN/", "cik": "0000064892", "assigned-sic": "3842", "irs-number": "410950791", "state-of-incorporation": "MN", "fiscal-year-end": "1003"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31744", "film-number": "071199618"}, "business-address": {"street1": "201 MENTOR DR", "city": "SANTA BARBARA", "state": "CA", "zip": "93111", "phone": "8058796000"}, "mail-address": {"street1": "201 MENTOR DR", "city": "SANTA BARBARA", "state": "CA", "zip": "93111"}}
Mentor Corporation - Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
October 24, 2007
MENTOR CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota
001-31744
41-0950791
(State or other
  jurisdiction of incorporation)
(Commission File
  Number)
(IRS Employer
Identification No.)
201 Mentor Drive
Santa Barbara, California  93111
(Address of principal executive offices, including zip code)
(805) 879-6000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02               Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(b)          On October 24, 2007, Loren L.
McFarland notified Mentor Corporation (the "Company") of his resignation as
Vice President, Chief Financial Officer, and Treasurer, effective November 12,
2007.  See Exhibit 99.1 for Press Release dated October 30, 2007.
(e)          On October 27, 2007, the
Compensation Committee of the Board of Directors approved a separation and
release agreement and a consulting agreement between the Company and Mr.
McFarland in connection with his resignation from the Company.
Pursuant to the terms of Mr. McFarland's
separation and release agreement, he will receive a severance payment on May
15, 2008 equal to 36 months of his base salary and a payment for a pro rated
bonus equal to approximately 62.5% of his eligible bonus amount for fiscal
2008.  Mr. McFarland will be entitled to payments of COBRA premiums for up
to 24 months.  Additionally, the Company agreed to (i) reimburse Mr.
McFarland up to $8,000 for continuing professional education during the period
of November 12, 2007 through April 30, 2009; (ii) continue for 12 months health
exam and financial and estate planning benefits; and (iii) make available
executive placement benefits or, if Mr. McFarland declines to use such
placement benefits, pay the sum of $12,000.  Amounts payable or reimbursed
pursuant to the previous sentence will be paid in a lump sum on May 15, 2008.
Mr. McFarland executed a release of claims
in favor of the Company and agreed not to solicit the Company's employees for a
period of 12 months.
Pursuant to the
terms of the consulting agreement with Mr. McFarland, he will provide
consulting services to the Company from November 12, 2007 through April 30,
2009 (the "Consulting Term").  During the Consulting Term, Mr. McFarland
will provide up to sixteen (16) hours of services per month and the Company
will pay for such services at a rate of $5,200 per month. Mr. McFarland's
unvested options, performance stock units, and restricted stock awards will
continue to vest during the term of the consulting agreement.
Copies of Mr.
McFarland's separation and release agreement and consulting agreement are
attached hereto as Exhibits 10.1 and 10.2, respectively, and the prior
description is qualified entirely by such agreements, which are deemed
incorporated by reference herein.
Item
9.01              Financial Statements and Exhibits
The following exhibits are filed with this Current
Report on Form 8-K:
(d)
Exhibit
  No.
Exhibit
  Title or Description
10.1
Separation and Release Agreement,
  dated October 27, 2007, between Mentor Corporation and Loren L. McFarland.
10.2
Loren L. McFarland Consulting
	Agreement, dated October 27, 2007 - Exhibit  A to Separation and
  Release Agreement, dated October 27, 2007, between Mentor Corporation and Loren
  L. McFarland.
99.1
Press Release, dated October 30,
  2007, of Mentor Corporation.
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.
MENTOR CORPORATION
Date:  October 30, 2007
By:
/s/ Joshua H. Levine
Joshua H. Levine
Chief Executive Officer
Date:  October 30, 2007
By:
/s/ Joseph A. Newcomb
Joseph A. Newcomb
General Counsel