<html>

<head>


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



</head>

<body lang=EN-US>









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

<div class=MsoNormal align=center style='text-align:center'>

<hr size=1 width="25%" noshade color=black align=center>

</div>

<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>November 13, 2007</b></font></p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=1 width="25%" noshade color=black align=center>

</div>

<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>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="29%" valign=top style='width:29.44%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2"><b><u>Minnesota</u></b></font></p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
  </td>
  <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>
  </td>
  <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>
 <tr>
  <td width="29%" valign=top style='width:29.44%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'>
	<font face="Times New Roman" size="2">(State or other
  jurisdiction of incorporation)</font></p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0in .7pt 0in .7pt'>

  </td>
  <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">(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>
</table>

</div>



<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>





<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<font face="Times New Roman" size="2">



<br clear=all
style='page-break-before:always'>










</font>










<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 a Material Definitive Agreement.</b></font></p>

<p><font face="Times New Roman" size="2">On
November 13, 2007, we entered into an indemnification agreement (the
&quot;Indemnification Agreement&quot;) with Mr.&nbsp;Michael O'Neill, our newly-appointed
Vice President and Chief Financial Officer. The Indemnification Agreement
provides, among other things, that subject to the procedures set forth in the
Indemnification Agreement: (i) we will indemnify the Indemnitee (as defined in
the Indemnification Agreement) to the fullest extent permitted by law in the event
Indemnitee was, is or becomes a party to or witness or other participant in, or
is threatened to be made a party to or witness or other participant in, a
Proceeding (as defined in the Indemnification Agreement) by reason of (or
arising in part out of) an Indemnifiable Event (as defined in the
Indemnification Agreement); (ii)&nbsp;if requested by Indemnitee, and subject
to certain exceptions, we will advance Expenses (as defined in the
Indemnification Agreement) to the Indemnitee; (iii)&nbsp;if there is a Change
of Control (as defined in the Indemnification Agreement), we will seek the
advice of independent legal counsel with respect to all matters thereafter
arising concerning the rights of Indemnitee to indemnity payments and advances
under the Indemnification Agreement or any provision of our charter or bylaws;
(iv)&nbsp;the rights of the Indemnitee under the Indemnification Agreement are
in addition to any other rights the Indemnitee may have under our charter or
bylaws or the Minnesota Business Corporations Act or otherwise; and (v)&nbsp;to
the extent we maintain an insurance policy or policies providing directors' and
officers' liability insurance, the Indemnitee will be covered to the maximum
extent of the coverage available for any Company director or officer. In addition,
the Indemnification Agreement establishes guidelines as to the defense and
settlement of claims by the parties and the period of limitations. </font> </p>

<p><font face="Times New Roman" size="2">The
foregoing summary of the Indemnification Agreement is qualified in its entirety
by reference to the full text of the Indemnification Agreement, which is filed
as an exhibit to our Current Report on Form 8-K filed on November 29, 2006 and
is incorporated by reference herein. </font> </p>



<p><font face="Times New Roman" size="2"><b>Item
5.02(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Departure of
Directors or Principal Officers; Election of Directors; Appointment of Principal
Officers</b></font></p>



<p><font face="Times New Roman" size="2">On
November 13, 2007, we appointed Michael O'Neill, 48, as our Vice President and
Chief Financial Officer.</font></p>



<p><font face="Times New Roman" size="2">Mr.
O'Neill has spent the past twenty years with Johnson and Johnson (J&amp;J) ,
most recently serving as the Vice President, Finance, Information Technology
Office. From 2001 through 2007 Mr. O'Neill was the VP Finance, Chief Financial
Officer for the Lifescan business, a $2+ billion leading supplier of blood
glucose monitoring systems. Mr. O'Neill joined J&amp;J in 1987 with Site
Microsurgical as a financial manager/analyst and moved through a progressively
responsible series of positions including International Controller, Operations
Controller, Finance Director, and Group Finance Director before being named to
the CFO position at Lifescan. Mr. O'Neill received a B.A. in Economics and
Statistics from the University of Exeter, Devon, United Kingdom and is a Fellow
of the Chartered Institute of Management Accountants of Great Britain.</font></p>



<p><font face="Times New Roman" size="2">Mr.
O'Neill entered into our standard employment agreement, and the terms of Mr.
O'Neill's compensation are as follows:</font></p>



<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;O'Neill will receive an annual
base salary of $375,000 and be eligible to receive bonuses in a targeted range
of 75% to 99% of his base salary. Bonuses will be paid in accordance with the
criteria established by the Compensation Committee of the Board of Directors
for the Fiscal Year 2008 and subsequent fiscal years' bonus plans. </font> </p>



<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">ii.&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee granted
Mr.&nbsp;O'Neill an option to acquire 125,000 shares of our common stock under
the Company's 2005 Long Term Incentive Plan, as amended (the &quot;Plan&quot;). The
option vests over four years with one-fourth of the shares vesting on the first
anniversary of the date of grant and the remaining shares vesting thereafter in
equal installments on the second, third and fourth anniversaries of the date of
grant. The grant date will be December 3, 2007, and the per share exercise
price will be the closing sales price of our common stock on the New York Stock
Exchange on such date.</font></p>
<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">iii.&nbsp;&nbsp;&nbsp;The Compensation Committee also granted
Mr.&nbsp;O'Neill 27,500 shares of restricted stock (the &quot;Restricted Stock&quot;).&nbsp;
The grant date will be December 3, 2007, and the grant will be valued at the
closing price of our common stock on the New York Stock Exchange as of such
date (the &quot;Award Date&quot;). The Restricted Stock is subject to the terms of the
Plan and an individual Restricted Stock Award Agreement (the &quot;Award Agreement&quot;)
to be executed by Mr.&nbsp;O'Neill as summarized below.</font></p>
<p style='text-indent:48.95pt'>&nbsp;</p>





<div class=MsoNormal align=center style='text-align:center'>

<font size="2">2</font><hr size=2 width="100%" noshade color=navy align=center>

</div>



<font face="Times New Roman" size="2">



<br clear=all
style='page-break-before:always'>










</font>
<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 employment or 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. Mr. O'Neill shall be entitled to cash dividends and voting rights
with respect to the shares of Restricted Stock he has been granted even if such
Restricted Stock is unvested.</font></p>



<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By
accepting the grant of Restricted Stock and executing the Award Agreement, Mr. O'Neill
agrees to be bound by the stock ownership guidelines set forth in the Award
Agreement with respect to 25,000 shares of Restricted Stock (the &quot;Ownership
Requirement Restricted Stock&quot;). Mr. O'Neill agrees to attain, by no later than
the fifth anniversary of the Award Date, a level of stock ownership (&quot;Ownership
Threshold&quot;) at least equal to two times his annual base salary, calculated by
dividing (i)&nbsp;the product of his salary times two by (ii)&nbsp;the fair market
value of a share of our common stock on the Award Date. Under the Award
Agreement, Mr. O'Neill further agrees to maintain this Ownership Threshold
throughout the remainder of his employment or service with us.</font></p>



<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Award Agreement also provides for additional restrictions upon the vesting of
the Ownership Requirement Restricted Stock (and subject to any applicable laws
or regulations and our insider trading policies), during the 5-year vesting
period (&quot;Additional Restrictions&quot;). Specifically, Mr. O'Neill may only transfer
up to 40% of his vested shares of Ownership Requirement Restricted Stock in the
aggregate to cover tax consequences of such vesting, which such transfer
restriction shall terminate on the earlier of: (a)&nbsp;the fifth anniversary
of the Award Date, or (b)&nbsp;Mr. O'Neill's severance date. </font> </p>

<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Board of Directors retains the right, in its sole discretion to reduce or waive
any Ownership Threshold or the Additional Restrictions.</font></p>



<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If
Mr. O'Neill ceases to be employed or ceases to provide services to us, his
unvested Restricted Stock shall be forfeited regardless of the reason for his
termination. 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 if, within 12&nbsp;months of the date of the
Change in Control Event Mr. O'Neill is terminated by us or any subsidiary for
any reason other than for Cause (as defined in the Award Agreement) or as a
result of his resignation for Good Reason (as defined in the Award Agreement),
the Restricted Stock shall become fully vested upon his termination.</font></p>

<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">iv.&nbsp;&nbsp;&nbsp;The Compensation
Committee also granted Mr. O'Neill an option to acquire 100,000 shares of our
common stock pursuant to the terms of the Company's 2007 Strategic Equity
Incentive Plan (the &quot;Sub-Plan&quot;) under the Plan.&nbsp;&nbsp; The Sub-Plan
provides for the grants of nonqualified stock options, and&nbsp;the exercise
price for the shares subject to the options will be set at a premium of 115% to
the closing trading price of the Company's common stock as reported by the New
York Stock Exchange on December 3, 2007, the date of grant.&nbsp; The shares
subject to the options will vest subject to the attainment of specified
earnings per share (&quot;EPS&quot;) targets over the last six months of fiscal
2008 and the full fiscal years 2009, 2010 and 2011.&nbsp; The vesting
percentages are disproportionately skewed to the achievement of the EPS targets
in fiscal years 2010 and 2011, and the EPS targets represent compounded growth
rates that are in excess of recent EPS growth rates for the Company.</font></p>










<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Sub-Plan provides that the attainment or
non-attainment of an EPS target for one fiscal year shall not affect a participant's
ability to achieve vesting in a subsequent fiscal year nor to vest pursuant to
the provisions for catch up vesting.&nbsp; Catch up vesting allows a percentage
of the shares subject to the options to vest as of the last day of fiscal year
2011 if the cumulative EPS for the last six months of fiscal 2008 and the fiscal
years 2009-2011 meets or exceeds certain thresholds.</font></p>

<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The participants in the Sub-Plan will only
realize the Sub-Plan's possible full payout if the Company achieves superior
EPS results and the trading price of the Company's common stock increases
materially.&nbsp; </font> </p>
<p>&nbsp;</p>



<div class=MsoNormal align=center style='text-align:center'>

<font size="2">3</font><hr size=2 width="100%" noshade color=navy align=center>

</div>



<font face="Times New Roman" size="2">



<br clear=all
style='page-break-before:always'>










</font>

<p style="text-indent: -0.25in; margin-left: 1in"><font face="Times New Roman" size="2">If there is a Change in Control Event (as
defined in the Plan) unvested shares subject to each option granted under the
Sub-Plan shall become vested immediately on the date of the Change in Control
Event as follows:</font></p>

<p style='margin-left:1.5in;text-indent:-.25in'>
<font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp; If
the Change in Control Event occurs on or before March 31, 2009, the participant
shall become vested in the number of options required to bring the aggregate
vesting to fifty percent (50%) of the options; and</font></p>

<p style='margin-left:1.5in;text-indent:-.25in'>
<font face="Times New Roman" size="2">(ii)&nbsp;&nbsp; If
the Change in Control Event occurs after March 31, 2009 and before April 1,
2011, the participant shall become vested in a number of options equal to fifty
percent (50%) plus the number of vested options immediately prior to the Change
in Control Event, up to a total of one hundred percent (100%).</font></p>

<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">v.&nbsp;&nbsp;&nbsp; Pursuant to the
terms of our standard executive employment agreement, Mr.&nbsp;O'Neill will be
entitled to the following in addition to the salary, bonus, option grants, and
restricted stock grants described above:</font></p>

<table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' id="table1">
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=531 colspan=2 valign=top style='width:398.25pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">With respect to the provisions related to termination without
  cause, resignation for Good Reason (as described below), or non-renewal of
  the agreement by us, the employment agreement provides for:</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">payment of full COBRA premiums for 24&nbsp;months following a
  termination;</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">severance compensation to be calculated as a flat
  24&nbsp;months' severance, determined at the executive officer's then current
  rate of base pay; and</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">a pro-rated amount, based on timing of the executive officer's
  termination or resignation relative to the end of the then current fiscal
  year, of the target bonus percentage applicable to the executive officer.</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=531 colspan=2 valign=top style='width:398.25pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">With respect to the provisions related to termination due to
  change in control, the employment agreement provides for:</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">payment of full COBRA premiums for 24&nbsp;months following a
  termination;</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">severance compensation to be calculated as a flat
  24&nbsp;months' severance, determined at the executive officer's then current
  rate of base pay; and</font></p>
  </td>
 </tr>
 <tr>
  <td width=59 valign=top style='width:44.55pt;padding:0in 5.4pt 0in 5.4pt'>

  <p style="margin-top: 6px; margin-bottom: 6px">

  </td>
  <td width=31 valign=top style='width:23.05pt;padding:0in 5.4pt 0in 5.4pt' align="right">
  <p style='margin-left:12.6pt;text-indent:-12.0pt; margin-top:6px; margin-bottom:6px'>
	<font face="Times New Roman" size="2">&#149;</font></p>
  </td>
  <td width=500 valign=top style='width:375.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">100% of the target bonus percentage applicable to the executive
  officer.</font></p>
  </td>
 </tr>
</table>










<p style="margin-left: 1in"><font face="Times New Roman" size="2">For
purposes of the employment agreement, &quot;Good Reason&quot; means the occurrence of any
of the following without Mr.&nbsp;O'Neill's express written consent: (i)&nbsp;a
significant reduction of Mr. O'Neill's material duties, position, or
responsibilities as provided in the employment agreement, or the removal of
Mr.&nbsp;O'Neill from the position, duties, and responsibilities contemplated
by the employment agreement; provided however, except in the Change of Control
context, Mr.&nbsp;O'Neill's reporting structure may be realigned at any time
provided that (a)&nbsp;Mr.&nbsp;O'Neill's services remain materially unchanged
and (b)&nbsp;the changed reporting structure is consistent with reporting and
organizational structures that exist from time to time in similarly sized
companies; (ii)&nbsp;a reduction in Mr.&nbsp;O'Neill's salary or bonus other
than a one-time reduction of not more than 10% that also is applied to
substantially all other senior executives at the Company; (iii)&nbsp;a material
reduction in Mr.&nbsp;O'Neill's benefits as compared to the benefits in effect
on November 13, 2007; (iv) Mr.&nbsp;O'Neill must perform a significant portion
of his duties at a location other than our headquarters; or (v) our
headquarters are relocated more than 50 miles from the current location in Santa
Barbara, California. &nbsp;For purposes of the employment agreement, &quot;Change of
Control&quot; shall be as defined under the provisions of the applicable equity or
other long-term incentive plan in effect at the time of such Change of Control.
&nbsp;A copy of Mr.&nbsp;O'Neill's employment agreement is attached hereto as
Exhibit&nbsp;10.2 and the prior description is qualified entirely by such
agreement, which is deemed incorporated by reference herein.</font></p>
<p>&nbsp;</p>



<div class=MsoNormal align=center style='text-align:center'>

<font size="2">4</font><hr size=2 width="100%" noshade color=navy align=center>

</div>



<font face="Times New Roman" size="2">



<br clear=all
style='page-break-before:always'>










</font>



<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">vi.&nbsp;&nbsp; In addition to the terms of Mr.&nbsp;O'Neill's
employment described above, we have agreed to provide Mr.&nbsp;O'Neill with a
relocation allowance in the amount of $180,000 to reimburse Mr.&nbsp;O'Neill
for the moving, travel and real estate expenses anticipated to be incurred by
him in relocating to the Santa Barbara area from the Northern California area,
and an additional aggregate amount of $55,692 payable over 36 months to assist
Mr. O'Neill in purchasing a residence in the Santa Barbara area.&nbsp; Mr.
O'Neill is eligible to participate in our Executive Health Program ($2,500) and
Executive Financial Planning <br>
Program ($7,000).</font></p>



<p style='text-indent:-0.25in; margin-left:1in'><font face="Times New Roman" size="2">vii.&nbsp; On November 13, 2007, we entered into the
Indemnification Agreement with Mr.&nbsp;O'Neill, as described in Item 1.01 and
incorporated herein by reference.</font></p>










<p style='text-autospace:ideograph-numeric; text-indent:-0.25in; margin-left:1in'>
<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></font></p>
<p style='text-autospace:ideograph-numeric; text-indent:1in'>
	<font face="Times New Roman" size="2">The following exhibits are filed with this Current
  Report on Form 8-K:</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='width:652px;margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:78px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style="margin-bottom: 6px" align="left"><font face="Times New Roman" size="2">(d)</font></p>
  </td>
  <td valign=top style='width:132px;padding:0in; '>
  <p style='text-autospace:ideograph-numeric; margin-bottom:6px'>
	<font face="Times New Roman" size="2"><u>Exhibit
  No.</u></font></p>
  </td>
  <td valign=top style='width:428px;padding:0in; '>
  <p style='text-autospace:ideograph-numeric; margin-bottom:6px'>
	<font face="Times New Roman" size="2"><u>Exhibit
  Title or Description</u></font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:78px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  <p style="margin-top: 6px; margin-bottom: 6px">&nbsp;</td>
  <td valign=top style='width:132px;padding:0in; '>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">10.1</font></td>
  <td valign=top style='width:428px;padding:0in; '>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">Form of Indemnity Agreement -
	Incorporated by reference to Exhibit&nbsp;10.1 of the Registrant's Current Report
	on Form&nbsp;8-K filed on November&nbsp;29, 2006. </font>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:78px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  <p style="margin-top: 6px; margin-bottom: 6px">&nbsp;</td>
  <td valign=top style='width:132px;padding:0in; '>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">10.2</font></td>
  <td valign=top style='width:428px;padding:0in; '>
  <p style="margin-top: 6px; margin-bottom: 6px">
	<font face="Times New Roman" size="2">Employment Agreement, dated November
	13, 2007, between Mentor Corporation and Michael O'Neill.</font></td>
 </tr>
</table>










<p align=center style='text-align:center'>&nbsp;</p>
<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>







<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2"><b>MENTOR CORPORATION</b></font></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>

  <font face="Times New Roman" size="2">&nbsp;</font></td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2">Date:&nbsp; November 16, 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>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>

  </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>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="56%" valign=top style='width:56.9%;padding:0in .7pt 0in .7pt'>

  <font face="Times New Roman" size="2">&nbsp;</font></td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>
  <p><font face="Times New Roman" size="2">Date:&nbsp; November 16, 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>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='width:25.7%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="17%" valign=top style='width:17.4%;padding:0in .7pt 0in .7pt'>

  </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>
  </td>
 </tr>
</table>



<div class=MsoNormal align=center style='text-align:center'>

&nbsp;<p>&nbsp;</p>
<p>&nbsp;</p>



<div class=MsoNormal align=center style='text-align:center'>

<font size="2">5</font><hr size=2 width="100%" noshade color=navy align=center>

</div>

</div>







</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "k8nov1607.htm", "description": "FORM 8-K", "secsgml_size_bytes": 33819}]
{"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": "071253653"}, "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)
November 13, 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
1.01              
Entry into a Material Definitive Agreement.
On
November 13, 2007, we entered into an indemnification agreement (the
"Indemnification Agreement") with Mr. Michael O'Neill, our newly-appointed
Vice President and Chief Financial Officer. The Indemnification Agreement
provides, among other things, that subject to the procedures set forth in the
Indemnification Agreement: (i) we will indemnify the Indemnitee (as defined in
the Indemnification Agreement) to the fullest extent permitted by law in the event
Indemnitee was, is or becomes a party to or witness or other participant in, or
is threatened to be made a party to or witness or other participant in, a
Proceeding (as defined in the Indemnification Agreement) by reason of (or
arising in part out of) an Indemnifiable Event (as defined in the
Indemnification Agreement); (ii) if requested by Indemnitee, and subject
to certain exceptions, we will advance Expenses (as defined in the
Indemnification Agreement) to the Indemnitee; (iii) if there is a Change
of Control (as defined in the Indemnification Agreement), we will seek the
advice of independent legal counsel with respect to all matters thereafter
arising concerning the rights of Indemnitee to indemnity payments and advances
under the Indemnification Agreement or any provision of our charter or bylaws;
(iv) the rights of the Indemnitee under the Indemnification Agreement are
in addition to any other rights the Indemnitee may have under our charter or
bylaws or the Minnesota Business Corporations Act or otherwise; and (v) to
the extent we maintain an insurance policy or policies providing directors' and
officers' liability insurance, the Indemnitee will be covered to the maximum
extent of the coverage available for any Company director or officer. In addition,
the Indemnification Agreement establishes guidelines as to the defense and
settlement of claims by the parties and the period of limitations.
The
foregoing summary of the Indemnification Agreement is qualified in its entirety
by reference to the full text of the Indemnification Agreement, which is filed
as an exhibit to our Current Report on Form 8-K filed on November 29, 2006 and
is incorporated by reference herein.
Item
5.02(c)          Departure of
Directors or Principal Officers; Election of Directors; Appointment of Principal
Officers
On
November 13, 2007, we appointed Michael O'Neill, 48, as our Vice President and
Chief Financial Officer.
Mr.
O'Neill has spent the past twenty years with Johnson and Johnson (J&J) ,
most recently serving as the Vice President, Finance, Information Technology
Office. From 2001 through 2007 Mr. O'Neill was the VP Finance, Chief Financial
Officer for the Lifescan business, a $2+ billion leading supplier of blood
glucose monitoring systems. Mr. O'Neill joined J&J in 1987 with Site
Microsurgical as a financial manager/analyst and moved through a progressively
responsible series of positions including International Controller, Operations
Controller, Finance Director, and Group Finance Director before being named to
the CFO position at Lifescan. Mr. O'Neill received a B.A. in Economics and
Statistics from the University of Exeter, Devon, United Kingdom and is a Fellow
of the Chartered Institute of Management Accountants of Great Britain.
Mr.
O'Neill entered into our standard employment agreement, and the terms of Mr.
O'Neill's compensation are as follows:
i.     Mr. O'Neill will receive an annual
base salary of $375,000 and be eligible to receive bonuses in a targeted range
of 75% to 99% of his base salary. Bonuses will be paid in accordance with the
criteria established by the Compensation Committee of the Board of Directors
for the Fiscal Year 2008 and subsequent fiscal years' bonus plans.
ii.    The Compensation Committee granted
Mr. O'Neill an option to acquire 125,000 shares of our common stock under
the Company's 2005 Long Term Incentive Plan, as amended (the "Plan"). The
option vests over four years with one-fourth of the shares vesting on the first
anniversary of the date of grant and the remaining shares vesting thereafter in
equal installments on the second, third and fourth anniversaries of the date of
grant. The grant date will be December 3, 2007, and the per share exercise
price will be the closing sales price of our common stock on the New York Stock
Exchange on such date.
iii.   The Compensation Committee also granted
Mr. O'Neill 27,500 shares of restricted stock (the "Restricted Stock"). 
The grant date will be December 3, 2007, and the grant will be valued at the
closing price of our common stock on the New York Stock Exchange as of such
date (the "Award Date"). The Restricted Stock is subject to the terms of the
Plan and an individual Restricted Stock Award Agreement (the "Award Agreement")
to be executed by Mr. O'Neill as summarized below.
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. The vesting schedule requires
continued employment or 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. Mr. O'Neill shall be entitled to cash dividends and voting rights
with respect to the shares of Restricted Stock he has been granted even if such
Restricted Stock is unvested.
By
accepting the grant of Restricted Stock and executing the Award Agreement, Mr. O'Neill
agrees to be bound by the stock ownership guidelines set forth in the Award
Agreement with respect to 25,000 shares of Restricted Stock (the "Ownership
Requirement Restricted Stock"). Mr. O'Neill agrees to attain, by no later than
the fifth anniversary of the Award Date, a level of stock ownership ("Ownership
Threshold") at least equal to two times his annual base salary, calculated by
dividing (i) the product of his salary times two by (ii) the fair market
value of a share of our common stock on the Award Date. Under the Award
Agreement, Mr. O'Neill further agrees to maintain this Ownership Threshold
throughout the remainder of his employment or service with us.
The
Award Agreement also provides for additional restrictions upon the vesting of
the Ownership Requirement Restricted Stock (and subject to any applicable laws
or regulations and our insider trading policies), during the 5-year vesting
period ("Additional Restrictions"). Specifically, Mr. O'Neill may only transfer
up to 40% of his vested shares of Ownership Requirement Restricted Stock in the
aggregate to cover tax consequences of such vesting, which such transfer
restriction shall terminate on the earlier of: (a) the fifth anniversary
of the Award Date, or (b) Mr. O'Neill's severance date.
The
Board of Directors retains the right, in its sole discretion to reduce or waive
any Ownership Threshold or the Additional Restrictions.
If
Mr. O'Neill ceases to be employed or ceases to provide services to us, his
unvested Restricted Stock shall be forfeited regardless of the reason for his
termination. 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 if, within 12 months of the date of the
Change in Control Event Mr. O'Neill is terminated by us or any subsidiary for
any reason other than for Cause (as defined in the Award Agreement) or as a
result of his resignation for Good Reason (as defined in the Award Agreement),
the Restricted Stock shall become fully vested upon his termination.
iv.   The Compensation
Committee also granted Mr. O'Neill an option to acquire 100,000 shares of our
common stock pursuant to the terms of the Company's 2007 Strategic Equity
Incentive Plan (the "Sub-Plan") under the Plan.   The Sub-Plan
provides for the grants of nonqualified stock options, and the exercise
price for the shares subject to the options will be set at a premium of 115% to
the closing trading price of the Company's common stock as reported by the New
York Stock Exchange on December 3, 2007, the date of grant.  The shares
subject to the options will vest subject to the attainment of specified
earnings per share ("EPS") targets over the last six months of fiscal
2008 and the full fiscal years 2009, 2010 and 2011.  The vesting
percentages are disproportionately skewed to the achievement of the EPS targets
in fiscal years 2010 and 2011, and the EPS targets represent compounded growth
rates that are in excess of recent EPS growth rates for the Company.
The Sub-Plan provides that the attainment or
non-attainment of an EPS target for one fiscal year shall not affect a participant's
ability to achieve vesting in a subsequent fiscal year nor to vest pursuant to
the provisions for catch up vesting.  Catch up vesting allows a percentage
of the shares subject to the options to vest as of the last day of fiscal year
2011 if the cumulative EPS for the last six months of fiscal 2008 and the fiscal
years 2009-2011 meets or exceeds certain thresholds.
The participants in the Sub-Plan will only
realize the Sub-Plan's possible full payout if the Company achieves superior
EPS results and the trading price of the Company's common stock increases
materially.
3
If there is a Change in Control Event (as
defined in the Plan) unvested shares subject to each option granted under the
Sub-Plan shall become vested immediately on the date of the Change in Control
Event as follows:
(i)    If
the Change in Control Event occurs on or before March 31, 2009, the participant
shall become vested in the number of options required to bring the aggregate
vesting to fifty percent (50%) of the options; and
(ii)   If
the Change in Control Event occurs after March 31, 2009 and before April 1,
2011, the participant shall become vested in a number of options equal to fifty
percent (50%) plus the number of vested options immediately prior to the Change
in Control Event, up to a total of one hundred percent (100%).
v.    Pursuant to the
terms of our standard executive employment agreement, Mr. O'Neill will be
entitled to the following in addition to the salary, bonus, option grants, and
restricted stock grants described above:
With respect to the provisions related to termination without
  cause, resignation for Good Reason (as described below), or non-renewal of
  the agreement by us, the employment agreement provides for:
•
payment of full COBRA premiums for 24 months following a
  termination;
•
severance compensation to be calculated as a flat
  24 months' severance, determined at the executive officer's then current
  rate of base pay; and
•
a pro-rated amount, based on timing of the executive officer's
  termination or resignation relative to the end of the then current fiscal
  year, of the target bonus percentage applicable to the executive officer.
With respect to the provisions related to termination due to
  change in control, the employment agreement provides for:
•
payment of full COBRA premiums for 24 months following a
  termination;
•
severance compensation to be calculated as a flat
  24 months' severance, determined at the executive officer's then current
  rate of base pay; and
•
100% of the target bonus percentage applicable to the executive
  officer.
For
purposes of the employment agreement, "Good Reason" means the occurrence of any
of the following without Mr. O'Neill's express written consent: (i) a
significant reduction of Mr. O'Neill's material duties, position, or
responsibilities as provided in the employment agreement, or the removal of
Mr. O'Neill from the position, duties, and responsibilities contemplated
by the employment agreement; provided however, except in the Change of Control
context, Mr. O'Neill's reporting structure may be realigned at any time
provided that (a) Mr. O'Neill's services remain materially unchanged
and (b) the changed reporting structure is consistent with reporting and
organizational structures that exist from time to time in similarly sized
companies; (ii) a reduction in Mr. O'Neill's salary or bonus other
than a one-time reduction of not more than 10% that also is applied to
substantially all other senior executives at the Company; (iii) a material
reduction in Mr. O'Neill's benefits as compared to the benefits in effect
on November 13, 2007; (iv) Mr. O'Neill must perform a significant portion
of his duties at a location other than our headquarters; or (v) our
headquarters are relocated more than 50 miles from the current location in Santa
Barbara, California.  For purposes of the employment agreement, "Change of
Control" shall be as defined under the provisions of the applicable equity or
other long-term incentive plan in effect at the time of such Change of Control.
 A copy of Mr. O'Neill's employment agreement is attached hereto as
Exhibit 10.2 and the prior description is qualified entirely by such
agreement, which is deemed incorporated by reference herein.
4
vi.   In addition to the terms of Mr. O'Neill's
employment described above, we have agreed to provide Mr. O'Neill with a
relocation allowance in the amount of $180,000 to reimburse Mr. O'Neill
for the moving, travel and real estate expenses anticipated to be incurred by
him in relocating to the Santa Barbara area from the Northern California area,
and an additional aggregate amount of $55,692 payable over 36 months to assist
Mr. O'Neill in purchasing a residence in the Santa Barbara area.  Mr.
O'Neill is eligible to participate in our Executive Health Program ($2,500) and
Executive Financial Planning
Program ($7,000).
vii.  On November 13, 2007, we entered into the
Indemnification Agreement with Mr. O'Neill, as described in Item 1.01 and
incorporated herein by reference.
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
Form of Indemnity Agreement -
	Incorporated by reference to Exhibit 10.1 of the Registrant's Current Report
	on Form 8-K filed on November 29, 2006.
10.2
Employment Agreement, dated November
	13, 2007, between Mentor Corporation and Michael O'Neill.
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:  November 16, 2007
By:
/s/ Joshua H. Levine
Joshua H. Levine
Chief Executive Officer
Date:  November 16, 2007
By:
/s/ Joseph A. Newcomb
Joseph A. Newcomb
General Counsel
5