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<font face="Times New Roman" size="4">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
  </font><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>September 13, 2006</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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  <p align=center style='text-align:center'>
	<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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  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'>
	<font face="Times New Roman" size="2"><b><u>001-31744</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="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>
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	<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>
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  <td width="2%" valign=bottom style='width:2.5%;padding:0in .7pt 0in .7pt'>

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  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2">(IRS Employer<br>
  Identification No.)</font></p>
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<p style='margin-top:0in' align="center"><font face="Times New Roman" size="2"><b>
<br>
201
  Mentor Drive<br>
 Santa Barbara, California&nbsp; 93111<br>
</b>(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 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry Into
Material Definitive Agreement</b></font></p>

<p><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July 17, 2006, the Board of
Directors of Mentor Corporation (the &quot;Company&quot;) approved an amendment to the
Mentor Corporation&nbsp; 2005 Long-Term Incentive Plan (the &quot;2005 Plan&quot;), subject to
shareholder approval. The amendment would increase the number of shares of the
Company's common stock available for award grants under the 2005 Plan by an
additional 1,600,000 shares so that the new aggregate share limit for the 2005
Plan would be 7,600,000 shares.&nbsp; The Board of Directors approved the additional
share authority requested under the 2005 Plan based, in part, on a belief that
the number of shares then available under the 2005 Plan did not give the
Company sufficient authority and flexibility to adequately provide for future
incentives, as there were 640,517 shares of the Company's common stock
available for future awards. A more detailed description of the 2005 Plan amendment
and a summary of the 2005 Plan may be found in the Company's 2006 Proxy Statement
in the section entitled &quot;Proposal 3-Approval of Amendment to the Mentor
Corporation 2005 Long-Term Incentive Plan&quot; and is incorporated herein by
reference.&nbsp; The full text of the 2005 Plan, as amended as described herein, has
been filed electronically with the Securities and Exchange Commission as an
attachment &nbsp;to the 2006 Proxy Statement and as Exhibit 10.1 to this Current
Report on Form 8-K, and can be reviewed on the SEC's website at
http://www.sec.gov.</font></p>

<p><font face="Times New Roman" size="2">On September 13, 2006,
the amendment to the 2005 Plan became effective upon approval by the Company's
shareholders at the 2006 Annual Meeting of Shareholders.</font></p>

<p style='margin-left:0in;text-align:justify;text-indent:0in'>
<font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September 14, 2006 (the &quot;Award
Date&quot;), the Compensation Committee of the Board of Directors of the Company
granted an award of 2,500 restricted shares of Company common stock (the
&quot;Restricted Stock&quot;) to each non-employee member of the Board of Directors.
</font> </p>

<p style='text-align:justify;text-autospace:ideograph-numeric ideograph-other'>
<font face="Times New Roman" size="2">Pursuant to the Company's Amended 2005 Long-Term
Incentive Plan (the &quot;Plan&quot;), the Company granted Restricted Stock
valued at the fair market value of $49.70 per share, the closing price of the
Company's common stock on the New York Stock Exchange as of the Award
Date.&nbsp; The Restricted Stock is subject to the terms of the Plan and an
individual Restricted Stock Award Agreement to be executed by each participant
(the &quot;Award Agreement&quot;) as summarized below for participants who are
directors of the Company.</font></p>

<p style='text-align:justify;text-autospace:ideograph-numeric ideograph-other'>
<font face="Times New Roman" size="2">In accordance with the Award Agreement and subject to
its terms, the Restricted Stock shall vest, and restrictions shall lapse, with respect
to one-fifth of the total number of shares of Restricted Stock on each of the
first, second, third, fourth and fifth anniversaries of the Award Date.&nbsp;
The vesting schedule requires continued service through each applicable vesting
date as a condition to the vesting of the applicable installment of the
Restricted Stock.</font></p>

<p style='text-align:justify;text-autospace:ideograph-numeric ideograph-other'>
<font face="Times New Roman" size="2">Any unvested shares of Restricted Stock or any
interest therein, generally may not be sold, assigned, pledged or otherwise
disposed of, alienated or encumbered.&nbsp; The participant shall be entitled
to cash dividends and voting rights with respect to the shares of Restricted
Stock he or she has been granted even if such Restricted Stock is
unvested.&nbsp; Any such rights, however, shall terminate as to any shares of
Restricted Stock forfeited to the Company (as described below).</font></p>

<p style='margin-right:.5pt;text-align:justify;text-autospace:
ideograph-numeric ideograph-other'><font face="Times New Roman" size="2">If the
participant ceases to provide services to the Company, the participant's
unvested Restricted Stock shall be forfeited to the Company regardless of the
reason for the participant's cessation of services.&nbsp; Notwithstanding the
foregoing, if a Change in Control Event (as defined in the Award Agreement)
occurs and any unvested shares of Restricted Stock do not automatically
accelerate or become fully vested in connection with the Change in Control Event,
and the participant ceases to be a member of the Board of Directors for any
reason within 12 months following the date of the Change in Control Event, any
unvested shares of Restricted Stock not previously subject to automatic
acceleration shall become fully vested as of the date the participant ceases to
be a director.</font></p>
<p style='margin-right:.5pt;text-align:justify;text-autospace:
ideograph-numeric ideograph-other'>&nbsp;</p>
<p style='margin-right:.5pt;text-align:justify;text-autospace:
ideograph-numeric ideograph-other'>&nbsp;</p>



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<p><font face="Times New Roman" size="2"><b>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits</b>&nbsp;</font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</font></p>

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  <p style='margin-top:3.0pt;margin-right:0in;margin-bottom:
  3.0pt;margin-left:2.85pt'><font face="Times New Roman" size="2">&nbsp; 10.1</font></p>
  </td>
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  <p style='margin-top:3.0pt;margin-right:0in;margin-bottom:
  3.0pt;margin-left:0in'><font face="Times New Roman" size="2">Mentor Corporation Amended 2005 Long-Term Incentive Plan</font></p>
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<p style="margin: 3.0pt 0in">&nbsp;</p>



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

<p style='text-align:justify;text-indent:37.05pt'>
<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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  <b><font face="Times New Roman" size="2">Mentor Corporation</font></b></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;
  September 19, 2006</font></p>
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  <p align=right style='text-align:right'><font face="Times New Roman" size="2">By:</font></p>
  </td>
  <td width="47%" valign=top style='width:47.86%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><u>/s/
  Loren L. McFarland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
	</font></p>
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  <td width="47%" valign=top style='width:47.86%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2">Loren
  L. McFarland<br>
  Chief Financial Officer</font></p>
  </td>
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</table>





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[{"type": "8-K", "sequence": "1", "filename": "k8sep1906.htm", "description": "FORM 8-K", "secsgml_size_bytes": 15231}]
{"company-data": {"conformed-name": "MENTOR CORP /MN/", "cik": "0000064892", "assigned-sic": "3842", "irs-number": "410950791", "state-of-incorporation": "MN", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31744", "film-number": "061098167"}, "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 - 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)
September 13, 2006
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 1.01               Entry Into
Material Definitive Agreement
(a)     On July 17, 2006, the Board of
Directors of Mentor Corporation (the "Company") approved an amendment to the
Mentor Corporation  2005 Long-Term Incentive Plan (the "2005 Plan"), subject to
shareholder approval. The amendment would increase the number of shares of the
Company's common stock available for award grants under the 2005 Plan by an
additional 1,600,000 shares so that the new aggregate share limit for the 2005
Plan would be 7,600,000 shares.  The Board of Directors approved the additional
share authority requested under the 2005 Plan based, in part, on a belief that
the number of shares then available under the 2005 Plan did not give the
Company sufficient authority and flexibility to adequately provide for future
incentives, as there were 640,517 shares of the Company's common stock
available for future awards. A more detailed description of the 2005 Plan amendment
and a summary of the 2005 Plan may be found in the Company's 2006 Proxy Statement
in the section entitled "Proposal 3-Approval of Amendment to the Mentor
Corporation 2005 Long-Term Incentive Plan" and is incorporated herein by
reference.  The full text of the 2005 Plan, as amended as described herein, has
been filed electronically with the Securities and Exchange Commission as an
attachment  to the 2006 Proxy Statement and as Exhibit 10.1 to this Current
Report on Form 8-K, and can be reviewed on the SEC's website at
http://www.sec.gov.
On September 13, 2006,
the amendment to the 2005 Plan became effective upon approval by the Company's
shareholders at the 2006 Annual Meeting of Shareholders.
(b)     On September 14, 2006 (the "Award
Date"), the Compensation Committee of the Board of Directors of the Company
granted an award of 2,500 restricted shares of Company common stock (the
"Restricted Stock") to each non-employee member of the Board of Directors.
Pursuant to the Company's Amended 2005 Long-Term
Incentive Plan (the "Plan"), the Company granted Restricted Stock
valued at the fair market value of $49.70 per share, the closing price of the
Company's common stock on the New York Stock Exchange as of the Award
Date.  The Restricted Stock is subject to the terms of the Plan and an
individual Restricted Stock Award Agreement to be executed by each participant
(the "Award Agreement") as summarized below for participants who are
directors of the Company.
In accordance with the Award Agreement and subject to
its terms, the Restricted Stock shall vest, and restrictions shall lapse, with respect
to one-fifth of the total number of shares of Restricted Stock on each of the
first, second, third, fourth and fifth anniversaries of the Award Date. 
The vesting schedule requires continued service through each applicable vesting
date as a condition to the vesting of the applicable installment of the
Restricted Stock.
Any unvested shares of Restricted Stock or any
interest therein, generally may not be sold, assigned, pledged or otherwise
disposed of, alienated or encumbered.  The participant shall be entitled
to cash dividends and voting rights with respect to the shares of Restricted
Stock he or she has been granted even if such Restricted Stock is
unvested.  Any such rights, however, shall terminate as to any shares of
Restricted Stock forfeited to the Company (as described below).
If the
participant ceases to provide services to the Company, the participant's
unvested Restricted Stock shall be forfeited to the Company regardless of the
reason for the participant's cessation of services.  Notwithstanding the
foregoing, if a Change in Control Event (as defined in the Award Agreement)
occurs and any unvested shares of Restricted Stock do not automatically
accelerate or become fully vested in connection with the Change in Control Event,
and the participant ceases to be a member of the Board of Directors for any
reason within 12 months following the date of the Change in Control Event, any
unvested shares of Restricted Stock not previously subject to automatic
acceleration shall become fully vested as of the date the participant ceases to
be a director.
2
Item 9.01               Financial
Statements and Exhibits
(d)                Exhibits
10.1
Mentor Corporation Amended 2005 Long-Term Incentive Plan
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: 
  September 19, 2006
By:
/s/
  Loren L. McFarland
Loren
  L. McFarland
Chief Financial Officer
3