EXHIBIT 10.1
 STEVE PRICE EMPLOYMENT AGREEMENT
 th
 RECITALS
  Exhibit A,
 ARTICLE I.
APPOINTMENT AND ACCEPTANCE; TERM OF AGREEMENT AND RENEWAL
 A. Appointment and Acceptance
  B. Term of Agreement; Renewal
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ARTICLE II.
RESPONSIBILITIES OF PRICE
   ARTICLE III.
COMPENSATION
 A. Base Salary
  
    
    From February 1, 2009 to July 31, 2009, the salary shall be $374,667.
    
    From August 1, 2009 to December 31, 2009, the salary shall be $437,000, subject to
any adjustments made by the Board of Directors at the 2009 Mid-Year Meeting.
  
 *
    
    Pursuant to an agreement with the Board of Directors, the Base Salary shall be reduced by 10% for
calendar year 2009. B. Supplemental Executive Retirement Plan
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ARTICLE IV.
BENEFITS
  ARTICLE V.
TERMINATION
 A. Termination by the Corporation
   (a)
    
    Prices commission of a crime or other violation of law or act
of dishonesty which directly or indirectly has an adverse effect or impact on
the Corporation or its business; or(b)
    
    Prices breach of any of the material terms of this Agreement,
including, without limitation, any of the restrictive covenants contained in
Exhibit A to this Agreement; or(c)
    
    Prices material neglect of his duties and responsibilities
under this Agreement or his gross negligence or willful misconduct in
connection therewith; or
    B. Severance Payments
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(a)
    
    The continuing payment of Base Salary in the same amount as had
been in effect at the time notice of termination was given and continuation of
the benefits which Price had been receiving for a period of one (1) year
notwithstanding whether the remainder of the term is greater or less than one
year; and(b)
    
    Any payment due under the terms of the SERP.(c)
    
    Health insurance benefits may be continued temporarily under
Prices current benefits elections by electing COBRA coverage following Prices
last day worked.(d)
    
    The amounts payable to Price following a termination for any
reason other than for cause, shall (i) be contingent on Price agreeing to a
Release and Severance Agreement; (ii) be Prices sole and exclusive remedy for
the termination of employment with the Corporation, and (iii) immediately cease
if Price breaches any of the restrictive covenants set forth in Exhibit
A to this Agreement. Price agrees that the amounts payable are fair and
reasonable and are in liquidation of any other sums which may be or become due
to Price whether, known or unknown, based upon breach of contract, tort, or
other theory of liability or the manner or basis upon which Prices employment
was terminated.
  C. Termination by Price
   D. Disagreement as to the Cause of Termination
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ARTICLE VI.
NOTICES
  If to Price:
    
    Steve PriceProfessional Veterinary Products, Ltd.10077 S. 134th StreetOmaha, Nebraska 68138If to the Corporation:
    
    Chairman of the BoardProfessional Veterinary Products, Ltd.10077 S. 134th StreetOmaha, Nebraska 68138
  ARTICLE VII.
JOINT PREPARATION
  ARTICLE VIII.
ENTIRE AGREEMENT
  ARTICLE IX.
INVALIDITY
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ARTICLE X.
GOVERNING LAW
  ARTICLE XI.
ASSIGNMENT
  ARTICLE XII.
ARBITRATION
 Exhibit A
 ARTICLE XIII.
HEADINGS
  ARTICLE XIV.
BINDING AGREEMENT, WAIVER
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ARTICLE XV.
PAYMENTS AFTER PRICES DEATH
     ARTICLE XVI.
COUNTERPARTS
  ARTICLE XVII.
CAPACITY TO EXECUTE
  ARTICLE XVIII.
DISCLOSURE
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ARTICLE XX.
NONDISPARAGEMENT
   Professional Veterinary Products, Ltd./s/ Steve Price
    
    By:
    
    /s/ Scott A. ShueySteve Price
    
    
    
    Chairman of the Board of Directors
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EXHIBIT A
 EMPLOYEE AGREEMENT TO PROTECT PROPRIETARY RIGHTS,
TRADE SECRETS AND GOODWILL
  PURPOSE OF AGREEMENT
  CONFIDENTIALITY
 A. Trade Secrets
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B. Confidentiality
  CUSTOMER GOODWILL AND DUTIES OF NONSOLICITATION DURING AND
FOLLOWING EMPLOYMENT
 A. Duty of Loyalty
  B. Restriction on Soliciting Employees of the Corporation
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C. Post-Employment Solicitation With Certain Customers
  GENERAL TERMS
 A. Survival of Covenants
  B. Remedies
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C. Severability
  D. Limitations
  E. Governing Law and Venue
  /s/ Steve Price
    
    
    
    2-5-09Steve Price
    
    
    
    Date
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