<html>

<head>


<title>UNITED SATES</title>



</head>

<body lang=EN-US link=blue vlink=purple style='text-justify-trim:punctuation'>



<div style='border:none;border-top:double windowtext 9.0pt;padding:0pt 0pt 0pt 0pt'>





</div>









<div style='border:none;border-top:double windowtext 9.0pt;padding:0pt 0pt 0pt 0pt'>



</div>

<p style='line-height:normal' align="center"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington</b><b>, DC 20549</b></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'><b>FORM 8&#8209;K</b></p>



<p align=center style='text-align:center'><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d)
of<br>
the Securities Exchange Act of
1934</b></p>



<p align=center style='text-align:center'>Date of Report (Date of earliest
event reported)<br>
April 27, 2005</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'><b>MENTOR CORPORATION<br>
</b>(Exact name of registrant as
specified in its charter)</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:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'><b><u>Minnesota</u></b></p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0pt .7pt 0pt .7pt'>
  <p><b>&nbsp;</b></p>
  </td>
  <td width="31%" valign=top style='width:31.78%;padding:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'><b><u>0-7955</u></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0pt .7pt 0pt .7pt'>
  <p><b>&nbsp;</b></p>
  </td>
  <td width="32%" valign=top style='width:32.54%;padding:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'><b><u>41-0950791</u></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign=top style='width:29.44%;padding:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'>(State or other jurisdiction of incorporation)</p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="31%" valign=top style='width:31.78%;padding:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'>(Commission File Number)</p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="32%" valign=top style='width:32.56%;padding:0pt .7pt 0pt .7pt'>
  <p align=center style='text-align:center'>(IRS Employer<br>
  Identification No.)</p>
  </td>
 </tr>
</table>

</div>



<p style='margin-top:0pt' align="center">&nbsp;</p>
<p style='margin-top:0pt' align="center"><b>201
  Mentor Drive<br>
Santa Barbara</b><b>, California&nbsp; 93111<br>
</b>(Address of principal executive
offices, including zip code)</p>



<p align=center style='text-align:center'><b>(805) 879-6000<br>
</b>(Registrant's telephone number,
including area code)</p>



<p align=center style='text-align:center'><b>Not Applicable<br>
</b>(Former name or former address,
if changed since last report)</p>



<p>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:</p>

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

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

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

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

<div style='border:none;border-bottom:double windowtext 9.0pt;padding:0pt 0pt 0pt 0pt'>



</div>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=right>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p>1</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



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

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

</div>



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












<p><b>Item 1.01&nbsp; Entry into a
Material Definitive Agreement</b></p>

<p style='text-align:justify'>On April 27, 2005, the Compensation Committee (the
&quot;Compensation Committee&quot;) of the Board of Directors of Mentor
Corporation (the &quot;Company&quot;), after
considering a competitive market review of total compensation for its executive
officers and obtaining guidance from an independent compensation specialist, approved new annual base salaries and target bonus
percentages for its executive officers; granted stock options to executive
officers; and approved revisions to the Company's standard executive employment
agreement, as follows:</p>
<p style='text-align:justify'><i>Base Salary and Target Bonus
Percentages of Executive Officers</i>:&nbsp; The following table sets forth the approved Fiscal
Year 2006 annual base salary levels and target bonus percentages for the Company's
executive officers: &nbsp;</p>

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

<div align=left>

<table class=MsoNormalTable border=0 cellpadding=0 width="96%"
 style='width:740px;border-collapse:collapse'>
 <tr>
  <td width="62%" style='width:62.66%;padding:0pt 0pt 0pt 0pt' valign="bottom">

  </td>
  <td width="3%" valign=bottom style='width:3.96%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" style='width:16.46%;padding:0pt 0pt 0pt 0pt' valign="bottom">

  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>
  <p style='text-autospace:ideograph-numeric ideograph-other'><b>Name and Position</b></p>
  <div class=MsoNormal style='text-autospace:ideograph-numeric ideograph-other'>
  <hr size=1 width=102 style='width:76.5pt' noshade color=black align=left>
  </div>
  <p style='text-autospace:ideograph-numeric ideograph-other'></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'><b>&nbsp;Base&nbsp;Salary</b></p>
  <div class=MsoNormal align=center style='text-align:center;text-autospace:
  ideograph-numeric ideograph-other'>
  <hr size=1 width="100%" noshade color=black align=center>
  </div>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'></p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'><b>Target&nbsp;Bonus<br>
	&nbsp;Percentage</b></p>
  <div class=MsoNormal align=center style='text-align:center;text-autospace:
  ideograph-numeric ideograph-other'>
  <hr size=1 width="100%" noshade color=black align=center>
  </div>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Joshua H.
  Levine<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President
  and Chief Executive Officer</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>$500,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>100%</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0pt 0pt 0pt 0pt' valign="bottom">
  <p style='text-indent:22.8pt;text-autospace:ideograph-numeric ideograph-other'>Loren L. McFarland<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
  Financial Officer</p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>300,000</p>
  </td>
  <td width="16%" style='width:16.46%;padding:0pt 0pt 0pt 0pt' valign="bottom">

  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>75%</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-top:0pt;margin-right:0pt;margin-bottom:.65pt;
  margin-left:12.0pt;text-indent:-12.0pt;text-autospace:ideograph-numeric ideograph-other'>Kathleen M. Beauchamp</p>
  <p style='margin-top:0pt;margin-right:0pt;margin-bottom:.65pt;
  margin-left:12.0pt;text-indent:-12.0pt;text-autospace:ideograph-numeric ideograph-other'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Sales and Marketing</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>300,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>75%</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>David J.
  Adornetto<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Operations</p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>275,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>75%</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>A.
  Christopher Fawzy<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General
  Counsel</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>240,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>60%</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Cathy
  Ullery<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Human Resources</p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>206,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>60%</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Clarke
  Scherff<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Regulatory Compliance/ Quality Assurance</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="16%" valign=bottom style='width:16.92%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>189,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.46%;background:#E6E6E6;
  padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>60%</p>
  </td>
 </tr>
</table>

</div>



<p style='text-align:justify'><i>Stock Option Grants</i>:&nbsp; The following table sets
forth the stock option grants approved by the Committee for the Company's
executive officers:</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=right>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p>2</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>












<div align=left>

<table class=MsoNormalTable border=0 cellpadding=0 width="86%"
 style='width:700px;margin-left:20pt;border-collapse:collapse'>
 <tr>
  <td width="73%" style='width:73.56%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="4%" valign=top style='width:4.44%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td style='padding:0pt 0pt 0pt 0pt'>

  </td>
 </tr>
 <tr>
  <td width="73%" valign=bottom style='width:73.56%;padding:0pt 0pt 0pt 0pt'>
  <p style='text-autospace:ideograph-numeric ideograph-other'><b>Name and Position</b></p>
  <div class=MsoNormal style='text-autospace:ideograph-numeric ideograph-other'>
  <hr size=1 width=102 style='width:76.5pt' noshade color=black align=left>
  </div>
  <p style='text-autospace:ideograph-numeric ideograph-other'></p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'><b>Options Granted</b></p>
  <div class=MsoNormal align=center style='text-align:center;text-autospace:
  ideograph-numeric ideograph-other'>
  <hr size=1 width="100%" noshade color=black align=center>
  </div>
  <p align=center style='text-align:center;text-autospace:ideograph-numeric ideograph-other'></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;background:#E6E6E6;padding:
  0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Joshua H.
  Levine<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President
  and Chief Executive Officer</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>150,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Loren L.
  McFarland<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
  Financial Officer</p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>20,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;background:#E6E6E6;padding:
  0pt 0pt 0pt 0pt'>
  <p style='margin-top:0pt;margin-right:0pt;margin-bottom:.65pt;
  margin-left:12.0pt;text-indent:-12.0pt;text-autospace:ideograph-numeric ideograph-other'>Kathleen M. Beauchamp</p>
  <p style='margin-top:0pt;margin-right:0pt;margin-bottom:.65pt;
  margin-left:12.0pt;text-indent:-12.0pt;text-autospace:ideograph-numeric ideograph-other'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Sales and Marketing</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>50,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>David J.
  Adornetto<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Operations</p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>40,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;background:#E6E6E6;padding:
  0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>A.
  Christopher Fawzy<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General
  Counsel</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>25,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Cathy
  Ullery<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Human Resources</p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>15,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;background:#E6E6E6;padding:
  0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'>Clarke
  Scherff<br>
	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice
  President, Regulatory Compliance/ Quality Assurance</p>
  </td>
  <td valign=top style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='background:#E6E6E6;padding:0pt 0pt 0pt 0pt'>
  <p align=right style='text-align:right;text-autospace:ideograph-numeric ideograph-other'>15,000</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.56%;padding:0pt 0pt 0pt 0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;text-autospace:
  ideograph-numeric ideograph-other'><b>&nbsp;</b></p>
  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

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

</div>



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



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

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

</div>



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












<p style='text-align:justify'>&nbsp;</p>
<p style='text-align:justify'>Options
to purchase common stock of the Company were granted pursuant to the Company's
Amended 2000 Long-Term Incentive Plan (the &quot;Plan&quot;) at a purchase price of
$37.70, the closing selling price per share of the Company's common stock on
the New York Stock Exchange on the date of grant. &nbsp;In accordance with the Plan,
each option has a maximum term of ten years and will become exercisable for the
option shares in four equal and successive annual installments over the optionee's
period of service with the Company, beginning one year after the grant date.</p>



<p style='text-align:justify'>With
respect to the aforementioned grants, the Company's form option agreement under
the Plan was amended such that accelerated vesting of options would not
automatically occur upon a Change of Control (as such term is defined in the
Plan), but only upon and in the event of a second triggering event: termination
of the employee by the Company or resignation by the employee for good reason
within 12 months following any such Change of Control.&nbsp; </p>



<p style='text-align:justify'><i>Revised
Executive Employment Agreements</i>:&nbsp; The
following description sets forth the material revisions to the standard
executive employment agreements <i>(&quot;Agreements&quot;) </i>approved by the
Committee:</p>



<ul style='margin-top:0pt' type=disc>
 <li class=MsoNormal style='text-align:justify'>With
     respect to the provisions related to termination without cause or
     resignation for good reason, the approved modifications to the Agreements
     will provide for:
 <ul style='margin-top:0pt' type=circle>
  <li class=MsoNormal style='text-align:justify'>payment
      of full COBRA premiums for twenty-four (24) months following a
      termination; </li>
  <li class=MsoNormal style='text-align:justify'>severance
      compensation to be calculated as a flat 36 months' severance, determined
      at the executive officer's then current rate of base pay; and </li>
  <li class=MsoNormal style='text-align:justify'>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 such executive officer.</li>
 </ul>
</ul>



<ul style='margin-top:0pt' type=disc>
 <li class=MsoNormal style='text-align:justify'>With
     respect to the provisions related to termination due to Change of Control,
     the approved modifications to the Agreements will provide for: </li>
 <ul style='margin-top:0pt' type=circle>
  <li class=MsoNormal style='text-align:justify'>payment
      of full COBRA premiums for twenty-four (24) months following a
      termination; </li>
  <li class=MsoNormal style='text-align:justify'>severance
      compensation to be calculated as a flat 36 months' severance, determined
      at the executive officer's then current rate of base pay; and</li>
  <li class=MsoNormal style='text-align:justify'>one
      hundred percent (100%) of the target bonus percentage applicable to the
      executive officer.</li>
 </ul>
</ul>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=right>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p>3</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



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

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

</div>



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










<p>&nbsp;</p>

<p>&nbsp;</p>

<p style='line-height:normal' align="center"><b>SIGNATURES</b></p>



<p style='text-align:justify;text-indent:37.05pt'>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.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" colspan=2 valign=top style='width:48.12%;padding:0pt .7pt 0pt .7pt'>
  Mentor
  Corporation</td>
 </tr>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" colspan=2 valign=top style='width:48.12%;padding:0pt .7pt 0pt .7pt'>

  &nbsp;

  </td>
 </tr>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>
  <p align=right style='text-align:right'>By:</p>
  </td>
  <td width="30%" valign=top style='width:30.52%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0pt .7pt 0pt .7pt'>
  <p>&nbsp;/s/
  Joshua H. Levine</p>
  </td>
  <td width="17%" valign=top style='width:17.6%;padding:0pt .7pt 0pt .7pt'>

  </td>
 </tr>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" colspan=2 valign=top style='width:48.12%;padding:0pt .7pt 0pt .7pt'>
  <p>Joshua
  H. Levine<br>
	Chief
  Executive Officer</p>

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



<p>Date:&nbsp; May 3, 2005</p>





<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>
  <p align=right style='text-align:right'>By:</p>
  </td>
  <td width="30%" valign=top style='width:30.52%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0pt .7pt 0pt .7pt'>
  <p>&nbsp;/s/ Loren
  L. McFarland</p>
  </td>
  <td width="17%" valign=top style='width:17.6%;padding:0pt .7pt 0pt .7pt'>

  </td>
 </tr>
 <tr>
  <td width="3%" valign=top style='width:3.86%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" valign=top style='width:48.02%;padding:0pt .7pt 0pt .7pt'>

  </td>
  <td width="48%" colspan=2 valign=top style='width:48.12%;padding:0pt .7pt 0pt .7pt'>
  <p>Loren
  L. McFarland<br>
	Chief
  Financial Officer</p>

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



<p>Date:&nbsp; May 3, 2005</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>



<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=right>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p>4</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



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

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

</div>







</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "mentor1.htm", "secsgml_size_bytes": 26929}]
{"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": "05795981"}, "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"}}
UNITED SATES
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)
April 27, 2005
MENTOR CORPORATION
(Exact name of registrant as
specified in its charter)
Minnesota
0-7955
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))
1
Item 1.01  Entry into a
Material Definitive Agreement
On April 27, 2005, the Compensation Committee (the
"Compensation Committee") of the Board of Directors of Mentor
Corporation (the "Company"), after
considering a competitive market review of total compensation for its executive
officers and obtaining guidance from an independent compensation specialist, approved new annual base salaries and target bonus
percentages for its executive officers; granted stock options to executive
officers; and approved revisions to the Company's standard executive employment
agreement, as follows:
Base Salary and Target Bonus
Percentages of Executive Officers
:  The following table sets forth the approved Fiscal
Year 2006 annual base salary levels and target bonus percentages for the Company's
executive officers:
Name and Position
Base Salary
Target Bonus
Percentage
Joshua H.
  Levine
President
  and Chief Executive Officer
$500,000
100%
Loren L. McFarland
Chief
  Financial Officer
300,000
75%
Kathleen M. Beauchamp
Vice
  President, Sales and Marketing
300,000
75%
David J.
  Adornetto
Vice
  President, Operations
275,000
75%
A.
  Christopher Fawzy
General
  Counsel
240,000
60%
Cathy
  Ullery
Vice
  President, Human Resources
206,000
60%
Clarke
  Scherff
Vice
  President, Regulatory Compliance/ Quality Assurance
189,000
60%
Stock Option Grants
:  The following table sets
forth the stock option grants approved by the Committee for the Company's
executive officers:
2
Name and Position
Options Granted
Joshua H.
  Levine
President
  and Chief Executive Officer
150,000
Loren L.
  McFarland
Chief
  Financial Officer
20,000
Kathleen M. Beauchamp
Vice
  President, Sales and Marketing
50,000
David J.
  Adornetto
Vice
  President, Operations
40,000
A.
  Christopher Fawzy
General
  Counsel
25,000
Cathy
  Ullery
Vice
  President, Human Resources
15,000
Clarke
  Scherff
Vice
  President, Regulatory Compliance/ Quality Assurance
15,000
Options
to purchase common stock of the Company were granted pursuant to the Company's
Amended 2000 Long-Term Incentive Plan (the "Plan") at a purchase price of
$37.70, the closing selling price per share of the Company's common stock on
the New York Stock Exchange on the date of grant.  In accordance with the Plan,
each option has a maximum term of ten years and will become exercisable for the
option shares in four equal and successive annual installments over the optionee's
period of service with the Company, beginning one year after the grant date.
With
respect to the aforementioned grants, the Company's form option agreement under
the Plan was amended such that accelerated vesting of options would not
automatically occur upon a Change of Control (as such term is defined in the
Plan), but only upon and in the event of a second triggering event: termination
of the employee by the Company or resignation by the employee for good reason
within 12 months following any such Change of Control.
Revised
Executive Employment Agreements
:  The
following description sets forth the material revisions to the standard
executive employment agreements
("Agreements")
approved by the
Committee:
With
     respect to the provisions related to termination without cause or
     resignation for good reason, the approved modifications to the Agreements
     will provide for:
payment
      of full COBRA premiums for twenty-four (24) months following a
      termination;
severance
      compensation to be calculated as a flat 36 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 such executive officer.
With
     respect to the provisions related to termination due to Change of Control,
     the approved modifications to the Agreements will provide for:
payment
      of full COBRA premiums for twenty-four (24) months following a
      termination;
severance
      compensation to be calculated as a flat 36 months' severance, determined
      at the executive officer's then current rate of base pay; and
one
      hundred percent (100%) of the target bonus percentage applicable to the
      executive officer.
3
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
By:
/s/
  Joshua H. Levine
Joshua
  H. Levine
Chief
  Executive Officer
Date:  May 3, 2005
By:
/s/ Loren
  L. McFarland
Loren
  L. McFarland
Chief
  Financial Officer
Date:  May 3, 2005
4