Document:

Retention Agreement between Regeneration Technologies, Inc. and Jeffrey Schumm

 Exhibit 10.7 
  
 RETENTION AGREEMENT 
  
 AGREEMENT, made and entered into as of February 15, 2005, by and between REGENERATION TECHNOLOGIES, INC., a Delaware corporation (the
“Company”), and JEFFREY SCHUMM (the “Executive”). 
  
 WHEREAS, the Company has previously announced it is exploring a range of strategic alternatives to enhance stockholder value; and 
  
 WHEREAS, the Company desires to provide certain incentive opportunities and severance protection to the Executive in the event the strategic review
process leads to a sale of the Company (a “Transaction”—which is defined in numbered paragraph 7(c) below)). 
  
 NOW THEREFORE, the parties agree as follows: 
  
 1. Transaction Incentive Opportunity. Executive will be entitled to receive a retention bonus of $70,005 if a Transaction occurs before December
31, 2005, and (a) Executive’s employment with the Company (or its successor) continues until the date that is six months following the date on which the Transaction is consummated (the “Closing Date”), or (b) Executive’s
employment is terminated before that date by the Company (or its successor) without “Cause” (as defined below) or by reason of the Executive’s death. The retention bonus (if any) payable under this Agreement will be payable in the
form of a single sum cash payment immediately following the end of such six-month retention period or, if applicable, upon the earlier death or termination of Executive’s employment, subject to applicable withholding. 
  
 2. Severance Protection. If a Transaction occurs before December 31,
2005, and if, before the second anniversary of the Closing Date, the Company or any successor entity (the “Employer”) terminates Executive’s employment without Cause or such employment is terminated by the Executive following the
Closing Date for “Good Reason” (as defined below), then, within ten days following such termination of employment, the Executive will be entitled to receive from the Employer (a) a single sum cash payment equal to the sum of (1)
Executive’s annual incentive target for the year in which such termination occurs (or, if higher, for the year in which the Transaction occurs), pro-rated to reflect the portion of the year that has elapsed as of the date of Executive’s
termination of employment, and (2) an amount equal to one times Executive’s annual salary plus annual incentive target (based on the higher of Executive’s present or then current annual incentive target and salary), and (b) continuing
participation in the Employer’s group health plan on the same basis as active employees for a period of at least one year following the termination of Executive’s employment or, if earlier, until the Executive becomes eligible for
comparable coverage under another employer’s plan (or an additional cash payment equal to the Employer’s cost of such continuing coverage if such continuing coverage is not permitted under the provisions of the applicable plan). The
Executive’s right to receive severance payments and benefits under this numbered paragraph 2 shall not affect the Executive’s right to receive a retention bonus under numbered paragraph 1, and vice versa. 
  
 3. Effect of Transaction on Stock Options. All outstanding Company
stock options held by Executive shall become fully vested immediately before the occurrence of the Transaction if (a) Executive is then still employed by Company or an Affiliate; or (b) 
  

 - 1 - 

 Executive’s employment with the Company terminated before the Closing Date for any reason other than voluntarily by
the Executive or by the Company for Cause. If Executive becomes vested in a stock option award pursuant to part (b) of the preceding sentence, then, immediately before the Transaction, the Company will make a cash payment to Executive equal to the
number of shares covered by the option multiplied by the excess of the Transaction purchase price per share over the per share option exercise price. The vesting and other terms and conditions of Executive’s stock options and other equity-based
awards will continue to govern except as otherwise specifically provided by this numbered paragraph 3. 
  
 4. Golden Parachute Tax Limitation. If Executive is entitled to receive payments and benefits under this Agreement and if, when combined with
payments and benefits Executive is entitled to receive under any other plan, program or arrangement, Executive would be subject to excise tax under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) or the Company
would be denied a deduction under Section 280G of the Code, then the amounts otherwise payable to Executive under this Agreement will be reduced by the minimum amount necessary to ensure that Executive will not be subject to such excise tax and
Company will not be denied any such deduction. 
  
 5. Effect of
Other Agreements. If any termination or severance payments or benefits are made or provided to Executive by the Company or any or its affiliates pursuant to a written employment or other agreement with the Company or Affiliate, such payments and
benefits shall reduce the amount of the comparable payments and benefits payable hereunder if and to the extent necessary to avoid duplication of payments or benefits. 
  
 6. Release of Claims. Notwithstanding anything to the contrary contained herein, the the Company (or its successor)
may condition Executive’s right to receive severance payments and benefits under numbered paragraph 2 of this Agreement upon the execution and delivery by the Executive (or Executive’s beneficiary) of a general release in favor of Company
and its successors and affiliates, and their officers, directors and employees, in such form as the Company may specify. Any payment or benefit that is so conditioned may be deferred until the expiration of the seven day revocation period prescribed
by the Age Discrimination in Employment Act of 1967, as amended (or any similar revocation period then in effect). 
  
 7. Definitions. For purpose of this Agreement, the following terms shall have the meanings set forth below: 
  
 (a) “Cause” means Executive’s (i) commission of a felony,
(ii) commission of an act of fraud upon the Employer, or (iii) willful failure to perform Executive’s employment duties in all material respects which failure (other than by reason of death or disability) continues uncorrected for ten days
after Executive’s receipt of written notice from the Employer stating with specificity the nature of such failure. 
  
 (b) “Good Reason” means (a) a material diminution by the Employer of the Executive’s duties, position, responsibilities or working
conditions, or (b) relocation by more than 50 miles of the Executive’s principal place of employment. 
  

 - 2 - 

 (c) “Transaction” means (1) the completion of the sale or other disposition of all or
substantially all of the assets of the Company to a party unaffiliated with the Company, or (2) the completion of a merger or other transaction relating to the Company if neither the Company nor its stockholders immediately prior to such merger or
other transaction hold, directly or indirectly, more than 50% of the voting power of the surviving corporation or other entity resulting from such merger or other transaction. 
  
 8. General Provisions. 
  
 (a) Nothing in this Agreement is intended to create a contract of employment between Executive and the Company or any of its subsidiaries, or to interfere
in any way with the right of the Company or any of its subsidiaries to terminate Executive’s employment at any time. 
  
 (b) All payments made pursuant to this Agreement will be subject to applicable withholding requirements. 
  
 (c) No payments made pursuant to this Agreement will be treated as
compensation for purposes of calculating Executive’s benefits, if any, under any retirement/pension plan maintained by the Company and/or any of its subsidiaries or any of its or their successors. 
  
 (d) This Agreement will be governed by and construed in accordance with the
laws of the State of Delaware without regard to its conflict of laws provisions. 
  
 (e) No amendment or modification of this Agreement may be made except by a written instrument signed by the Company and Executive. 
  
 (f) All disputes arising under or related to this Agreement will be resolved by arbitration. Such arbitration will be
conducted by an arbitrator mutually selected by the Company (or the Employer if the Company is not a party to the dispute) and Executive (or, if the Company and Executive are unable to agree upon an arbitrator within ten days, then the Company and
Executive will each select an arbitrator, and the arbitrators so selected will mutually select a third arbitrator, who will resolve such dispute). Such arbitration will be conducted in accordance with the applicable rules of the American Arbitration
Association. Any decision rendered by an arbitrator pursuant hereto may be enforced by a court of competent jurisdiction without review of such decision by such court. All attorneys’ fees and costs of the arbitration will in the first instance
be borne by the respective party incurring such costs and fees, but the arbitrator will award costs and attorneys’ fees to the prevailing party. 
  
 (g) This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which taken together will constitute
one and the same agreement. 
  
 (h) This Agreement will terminate
and be of no force or effect if a Transaction does not occur by December 31, 2005. 
  

 - 3 - 

 (i) This Agreement constitutes the entire agreement between the parties hereto relating to the matters
encompassed hereby and supersedes any prior oral or written agreements relating thereto. 
  
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 
  

			
	REGENERATION TECHNOLOGIES, INC.
		
	By:	 	 /s/ BRIAN K. HUTCHISON

	Name:	 	Brian K. Hutchison
	Title:	 	Chief Executive Officer
		
	 	 	 /s/ JEFFREY SCHUMM

	 	 	Executive

  

 - 4 -Executive Retention Agreement between Steris Corporation and Dr. Peter A. Burke

 Exhibit 10.1 
  
 EXECUTIVE RETENTION AGREEMENT 
  
 THIS EXECUTIVE RETENTION AGREEMENT (“Agreement”) is made as of the 8th day of February, 2005, by and between STERIS Corporation, an Ohio corporation (the “Company”), and Peter A. Burke (“Executive”).
Capitalized terms not otherwise defined are used as defined in Exhibit A. 
  
 1. EMPLOYEE STATUS. As of the date of this Agreement, the Company is employing Executive, and Executive has agreed to be employed by the Company, upon and subject to the terms of this Agreement, as Senior Vice
President. Executive agrees to continue to perform the duties as are reasonably assigned to him by the President and Chief Executive Officer (CEO) of the Company and comply with the terms of this Agreement. As used herein, “employment”,
“employed”, or similar terms shall include employment by STERIS Corporation or its subsidiaries, parent or affiliates. 
  
 2. RESPONSIBILITIES. Except as otherwise specified in Paragraph 8(b) of this Agreement while employed by the Company, Executive shall: 

 
 (a) diligently and faithfully serve the Company in the capacities
described above, and shall devote his best, good faith efforts and full business time and attention to the advancement of the Company’s interests and to the benefit of the Company’s shareholders; 
  
 (b) diligently and faithfully carry out the policies, programs and directions
of the CEO and the Board of Directors of the Company; and 
  
 (c)
fully cooperate with such other employees of, and consultants and representatives retained by, the Company. 
  
 3. COMPENSATION. The Company will compensate Executive for his services during his employment by the Company as follows: 
  
 (a) Base Compensation. The Company shall pay to Executive base
compensation (salary) at his current rate for the 2005 Fiscal Year, payable in accordance with the Company’s normal payroll schedule. Executive’s base compensation in subsequent Fiscal Years while this Agreement is in effect shall be
determined by the Company’s CEO and Board of Directors, but shall not be less than the rate of base compensation (salary) paid to Executive in Fiscal Year 2005. All payments are subject to all applicable taxes and other withholdings.

  
 (b) Bonus. Executive shall have the opportunity to
participate in the Company’s Management Incentive Compensation Plan (“Bonus”). Executive’s Bonus opportunity shall be established annually by the Company’s Board of Directors, and shall be communicated to Executive in
writing at or about the same time as communicated by the Company to similarly situated employees. Any Bonus payable under this Agreement shall be paid to Executive in a single lump sum, and shall be subject to applicable taxes, other withholdings,
and the criteria and conditions of the Management Incentive Compensation Plan. 
  
 (c) Benefits. Executive shall be entitled to participate in all benefit plans maintained from time to time by the Company for regular, full-time employees, currently including medical insurance, life insurance,
dental, vacation, flexible spending account and short- and long-term disability plans. The maintenance and terms of any such plan shall be determined in the sole discretion of the Company. During his employment, Executive will be entitled to
participate in any applicable, additional benefits and perquisites approved by the Company’s Board of Directors. 
  
 (d) Reimbursement of Expenses. Executive shall be entitled to reimbursement of ordinary and necessary out-of-pocket expenses reasonably incurred by
Executive on behalf of the Company in the course of performing duties on behalf of the Company, upon furnishing appropriate documentation in the form and substance satisfactory to the Company and subject to the Company’s expense reimbursement
policies as in effect at the time the expense is incurred. 
  
 (e)
Equity-Based Compensation. Subject to the approval of the Company’s Board of Directors and the terms and conditions of applicable programs, Executive shall be eligible for stock option grants under the Company’s stock option
programs as may be in effect from time to time. 

 4. EMPLOYMENT DURATION AND TERM. There is no specified term or duration of employment of the
Executive, as Executive’s employment with the Company is at-will. Therefore, either party can terminate the employment relationship at any time by written notice effective upon receipt. Such termination shall not, however, affect the surviving
terms of this Agreement and the “Other Agreements” as defined below. The initial term of this Agreement shall be for three years commencing on the date of this Agreement. 
  
 5. SEPARATION. 
  
 (a) If Executive’s employment with the Company is terminated by either party prior to the third anniversary of the date of this Agreement, the
Company shall pay to Executive his earned but unpaid salary through the date of termination of employment and shall reimburse Executive pursuant to Paragraph 3(d) for expenses incurred prior to the termination, but shall have no obligation to pay
any severance or other compensation or amounts after the date of termination except as specifically provided in this Section 5. 
  
 (b) If Executive’s employment is terminated prior to the third anniversary of the date of this Agreement (or in the case of an extension pursuant to
Paragraph 5(c), after the effective date of such extension, but prior to the third anniversary of the effective date of such extension) (i) by the Company without Cause, or (ii) by Executive with Good Reason, the Company will pay Executive (a) his
then current base salary during the “Severance Period”, and (b) the one-time payment Executive would have been paid, if any, as a Bonus (based on applicable targets, threshold and other Bonus Plan terms) relating to the Fiscal Year of
termination if the Executive’s employment had not been terminated, prorated to the date of termination (the foregoing sub items in this Paragraph 5(b) hereafter are collectively referred to as “Severance”). The “Severance
Period” is the number of months remaining from the date of such termination to the date of the third anniversary of this Agreement (or any extension thereof), or twelve (12) months, whichever is greater. Severance shall be payable under the
payment schedule that would have existed if the Executive had been employed by the Company during that period; provided, however, that if the payment of any amount of Severance to the Executive before the date which is six months after the date of
Executive’s separation from service (as defined in Section 409A of the Internal Revenue code) would cause all or any portion of the Severance to be subject to inclusion in the Executive’s gross income for federal income tax purposes under
Section 409A(a)(1)(A) of the Internal Revenue Code, then the payment of any such amount shall be delayed until the first business day after such date (or, if earlier, the date of the Executive’s death). If Severance is payable pursuant to this
Paragraph 5, Executive shall also be entitled, during the Severance Period to continue to participate in the Company’s medical and dental insurance coverages as are in effect from time to time for corporate employees until the earlier of (x)
Executive’s eligibility under another employer’s medical or dental plan, (y) the end of the Severance Period, or (z) expiration of the Executive’s eligibility to participate in such coverages pursuant to COBRA. Executive agrees that
the period of medical and dental coverage under the Company’s plans shall count against the obligation to provide continuation coverage under ERISA. In addition, any exercise or other rights with respect to options for Company stock granted to
Executive shall be continue to be subject to the terms and conditions of the applicable stock option plan and the Executive’s Non-Qualified Stock Option Agreements, which remain in full force and effect, including without limitation the
requirement of maintaining “Good Standing”. For the sole purpose of calculating Executive’s years of service to determine whether or not Executive has met the service requirements for “Qualifying Retirement” under the
Company’s 2002 Stock Option Plan: if Executive is terminated (by the Company without Cause or by Executive with Good Reason) during the first twelve months from the date of this Agreement, Executive shall be considered to have additional
service credit with the Company equal to the number of months from the date of such termination to the date of the first anniversary of this Agreement. Executive shall not be entitled to any bonus or any other payment, compensation amount, option
rights, or benefit other than as described in this Paragraph 5. Severance and the other rights and benefits provided under this Paragraph 5(b) are strictly contingent upon Executive’s execution of a release of all claims against the Company
(other than the right to receive such Severance and such other benefits) in form and substance and under procedures determined by the Company in its discretion to be adequate to effectively waive all such claims under applicable laws.
Executive’s right to Severance and the other rights and benefits provided under this Paragraph 5(b) shall automatically terminate upon any material breach by Executive of this Agreement or upon the Company’s termination of Executive’s
employment for Cause or upon the Executive’s termination without Good Reason. 
  
 (c) The Company shall have the option to extend the Severance obligations of this Paragraph 5 on the same terms by providing written notice to Executive at least twelve (12) months prior to the third anniversary date
of this Agreement. If such extension notice is provided, extension shall become effective on the second anniversary of this Agreement. Similarly, the Company shall have the option to further extend the Severance obligations of this Paragraph 5 by
providing written notice to Executive at least twelve (12) months prior to the third anniversary of the commencement of the applicable extension period (such extension to be effective on the second anniversary of the commencement of such period). In
the event an extension notice is not provided at the applicable time described in this Paragraph 5(c), the Severance obligations shall expire at the end of the applicable three year period. 

 (d) Severance and benefits under this Paragraph 5 of this Agreement are in addition to, and do not
supercede, any entitlements and benefits that may become due the Executive under the “Change of Control” Agreement between Company and Executive dated March 5, 2001, except insofar as the execution of both Agreements results in duplicate
coverage. 
  
 6. PROTECTIVE COVENANTS. Executive agrees
that the Change of Control Agreement, Stock Option Agreements (including non-compete and other terms), confidentiality and other agreements between the Company and Executive (“Other Agreements”) and the Company’s codes and policies in
effect (now or in the future) shall remain in full force and effect subject to their terms, excluding any severance policy, benefits, or other post termination obligation except as specified in Paragraph 5(b). This Agreement shall be in addition to
and not in substitute for such Other Agreements, provided that any material breach, default or violation by Executive under any such Other Agreements, shall constitute a breach of this Agreement, if so determined by Company. This Agreement and the
Other Agreements are separate and distinct obligations and are intended to supplement, not conflict with, each other. However, in the event of any conflict between the terms of those Other Agreements and this Agreement, such conflict shall be
governed by the terms of this Agreement. Executive acknowledges and agrees that (i) adequate consideration has been provided for this Agreement as well as the Other Agreements and that he will not dispute their binding effect, and (ii) both during
and after his employment with the Company, Executive will freely assist and cooperate with the Company concerning matters in his knowledge or arising from or relating to his responsibilities with the Company.  
  
 7. CONFIDENTIALITY. As used in this Agreement, Confidential
Information means any information concerning the Company or any Affiliate of the Company that is not ordinarily provided to Persons who are not employees of the Company except pursuant to a confidentiality agreement, provided that any information
that is or becomes publicly known other than as a result of a breach of this Agreement by Executive shall not be or shall cease to be Confidential Information. Executive shall not disclose Confidential Information to any Person other than: (a) an
officer, director or employee of the Company who needs to know such information in his or her capacity as such and (b) an attorney who has been retained by the Executive or Company with respect to matters relating to the Company and in accordance
with attorney/client privilege. Executive shall not use Confidential Information for any purpose unrelated to his duties as an officer, director or employee of the Company. Nothing in this Agreement will prohibit Executive from disclosing
Confidential Information as necessary to comply with valid legal process or investigations or to fulfill a legal duty of Executive, but Executive shall give the Company prompt notice of such process or investigation or Executive’s intent to
disclose pursuant to such legal duty so that the Company may take such steps as it deems appropriate to limit or protect the Confidential Information to be disclosed. 
  
 8. CLAIMS. 
  
 (a) Expenses. In the event that Executive becomes a party, is threatened to be made a party, or is required to provide evidence or testimony, to any
pending, threatened or completed investigation, action, suit or proceeding, whether civil or criminal, relating to the Executive’s service to the Company, the Company shall Indemnify the Executive as required by and consistent with applicable
Company by-law or charter or any applicable statute. The Company will, to the fullest extent permitted by law and applicable Company by-law or charter, pay all Expenses reasonably incurred by Executive in connection with such investigation, defense,
settlement or appeal of any threatened, pending or completed action, suit or proceeding, whether civil or criminal. Such payment of expenses is subject to receipt by the Company of a written undertaking from Executive to reimburse the Company for
all Expenses actually paid by the Company to or on behalf of Executive in the event it shall be ultimately determined that the Company is not obligated to indemnify Executive for such Expenses, and to assign to the Company all rights of Executive to
indemnification under any policy of directors and officers liability insurance to the extent of the amount of Expenses actually paid by the Company to or on behalf of Executive. 
  
 (b) Claims. Unless precluded by an actual or likely conflict of interest, the Company will have the right to control the
defense of any claim covered by this Paragraph 8, using counsel selected by the Company. In the event that an actual or likely conflict of interest prevents the Company from defending the claim, Executive shall do so at the Company’s expense
with counsel reasonably satisfactory to the Company. Executive shall not settle any claim defended by Executive without (i) the prior written consent of the Company if such settlement would require the Company to pay money, indemnify Executive, or
be subject to injunctive or other equitable relief, and (ii) notifying the Company of the Executive’s intent to settle. Nothing in this Agreement restricts Executive from providing testimony or otherwise 

 responding to government summons or subpoena as required by law. Executive shall give the Company prompt notice of
receipt of such government process that relates his employment or responsibilities with the Company. If the Company wishes to accept any monetary settlement offer with respect to a claim that is subject to Company’s indemnity under Paragraph 8
and Executive refuses to consent, the Company shall not be obligated to indemnify Executive beyond the amount of the settlement so offered. Each party shall promptly notify the other party of, and keep the other informed with respect to, any claim
covered by this Paragraph 8. 
  
 9. ARBITRATION. Any
disputes arising out of this Agreement or connected with Executive’s employment shall be submitted by Executive and the Company to arbitration in Cleveland, Ohio. The arbitration shall be conducted by the American Arbitration Association or
another arbitral body mutually agreed upon by the parties. The determination of the arbitrator shall be final and absolute. Notwithstanding this arbitration provision, the Company shall be entitled to apply to any court of competent jurisdiction for
temporary or permanent injunctive relief or other equitable relief to enforce Paragraphs 6 or 7. The decision of the arbitrator may be entered as a judgment in any court of competent jurisdiction. The non-prevailing party in the Arbitration shall
pay the reasonable legal fees of the other party in enforcing this Agreement. 
  
 10. GOVERNING LAW; INTERPRETATION. This Agreement shall be governed by and construed in accordance with the laws of the State of Ohio. The titles of the paragraphs have been inserted as a matter of convenience
of reference only and shall not be construed to control or affect the meaning or construction of this Agreement. 
  
 11. SEVERABILITY. In the event that any portion of this Agreement is found to be in violation of or conflict with any federal or state law, the
parties agree that said portion shall be modified only to the extent necessary to enable it to comply with such law. 
  
 12. ASSIGNMENT. This Agreement shall not be assignable by either party without the prior written consent of the other; provided that the Company
may, without such consent, assign this Agreement to any Person that acquires all or substantially all of its assets or otherwise succeeds to all or substantially all of its business and operations. 
  
 13. NOTICES. All notices given under this Agreement shall be in
writing. 
  
 Any notice may be transmitted by any means selected by the sender. A
notice that is mailed to a party at its address given below, registered or certified mail, return receipt requested, with all postage prepaid, will be deemed to have been given and received on the earlier of the date reflected on the return receipt
or the third business day after it is posted. Any notice transmitted by recognized overnight courier service to a party at its address given below shall be deemed given and received on the first business day after it is delivered to the courier. Any
notice given by any other means shall be deemed given and received only upon actual receipt. The addresses of the parties for notice purposes are as follows: 
  

			
	 If to the Executive:
	  	If to the Company:
	 	  	 
	 Peter A. Burke
	  	STERIS Corporation
	 	  	5960 Heisley Road
	 	  	Mentor, Ohio 44060
	 	  	Attn: Legal Department
	 	  	 
	 with a copy to:
	  	 
	 	  	 
	 Thomas O. Henteleff
	  	 
	 c/o Kleinfeld, Kaplan and Becker, LLP
	  	 
	 1140 19th
St. NW, Suite 900
	  	 
	 Washington, DC 20036
	  	 

  
 Any person may change its address for
notice purposes, or add additional persons to whom copies of any notice should be sent, by written notice to the other party. 
  
 14. REMEDIES. If Executive breaches any of his obligations under this Agreement in any material respect, then the Company may, at its sole option,
terminate all remaining payments and benefits described in this Agreement and obtain reimbursement from Executive of all payments and benefits provided pursuant to Paragraph 5(b) of this Agreement, in addition to other remedies. If Company breaches
its obligations under this Agreement in any material 

 respect, then Executive may, at his sole option, accelerate all amounts due under Paragraph 5(b) of this Agreement in
addition to other remedies. The breaching party shall also pay expenses and costs incurred as a result of the breach (including, without limitation, reasonable attorneys’ fees). 
  
 15. ENTIRE AGREEMENT. Subject to the provisions of Paragraph 6, this Agreement, together with Exhibit A, is the
entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersedes any and all prior and contemporaneous negotiations, understandings and agreements with regard to the subject matter hereof, whether
oral or written, including any prior Executive employment agreement. Nothing herein changes the Executive’s employment at will status, and Executive acknowledges and confirms that he is an employee at will and has no specific duration or
promise of employment. The Company may withhold from any amount payable under this Agreement all federal, state, local, or other taxes and other deduction required by law, regulation, ruling or agreement to be withheld. No representation,
inducement, agreement, promise or understanding altering, modifying, taking from or adding to the terms and conditions hereof shall have any force or effect unless the same is in writing and validly executed by the parties hereto or is part of a
formal Company benefit plan. 
  
 16. SURVIVAL. The
following provisions in this Agreement shall survive termination or expiration of this Agreement for any reason, as shall any other provisions which by their nature are intended to survive: Paragraphs 5, 7, 8, 9, 10, 13 and 14. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written. 
  

									
	 STERIS CORPORATION
	 	 	 	 EXECUTIVE

					
	 By:
	 	 /s/ Les C. Vinney

	 	 	 	 	 	 /s/ Peter A. Burke

	 Name:
	 	 Les C. Vinney
	 	 	 	 Name:
	 	 Peter A. Burke

	 Title:
	 	 President and Chief Executive Officer
	 	 	 	 	 	 

 EXHIBIT A 
  
 Definitions 
  
 As used in the Executive Retention Agreement between STERIS Corporation (the Company) and Peter A. Burke (Executive) dated as of February 8, 2005 (the “Agreement”), the following terms have the indicated
meanings: 
  
 “Affiliates” means any Person directly or
indirectly controlling, controlled by or under direct or indirect common control with the Company. For purposes of this definition, “control” means the power to direct the management and policies of a Person, directly or through one or
more intermediaries, whether through ownership of voting securities, by contract, or otherwise. 
  
 “Cause” means: (i) a material breach of this Agreement by Executive which, if curable, has not been cured within 30 days after notice from the
Company, (ii) the Executive has engaged in dishonest conduct relating to or affecting the performance of his responsibilities for the Company, (iii) the Executive has been convicted of a crime relating to the performance of his duties on behalf of
the Company, or involving moral turpitude or constituting a felony, (iv) the Executive has committed gross negligence, willful misconduct, or deceit with respect to the business of the Company, (v) Executive has failed without adequate justification
to perform his duties under this Agreement with at least the same degree of skill, attention and care that he has exercised in the performance of his duties to the Company prior to the date of this Agreement, (vi) the Executive has violated the
Company Code of Conduct or other codes, policies or requirements regarding employee conduct or performance, (vii) insubordination, (viii) death, or (ix) “Disability” as defined under the Company’s long term disability plan as in
effect from time to time. 
  
 “Change in Control
Agreement” means that certain Change in Control Agreement between Company and Executive dated March 5, 2001. 
  
 “Good Reason” means (i) a reduction in Executive’s salary below the minimum amount required by Paragraph 3(a) of the Agreement, (ii) the
removal of Executive from the office described in Paragraph 1 of the Agreement other than for Cause, or (iii) any material breach of the Agreement by the Company which has not been cured by the Company within 30 days after notice from Executive.

  
 “Fiscal Year” means the fiscal year of Company for
financial reporting purposes, commencing April 1 and ending March 31. 
  
 “Person” means any individual and any corporation, partnership, trust, unincorporated organization, association, limited liability company or other entity.

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