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                                                                   EXHIBIT 10.14

                         MANAGEMENT CONTINUITY AGREEMENT

        This Management Continuity Agreement (the "Agreement") is made and
entered into effect as of April 6, 2000, by and between _____________ (the
"Employee") and Laserscope, a California corporation (the "Company").

RECITALS

      A.    It is expected that another company or other entity may from time to
            time consider the possibility of acquiring the Company or that a
            change in control may otherwise occur, with or without the approval
            of the Company's Board of Directors (the "Board"). The Board
            recognizes that such consideration can be a distraction to the
            Employee and can cause the Employee to consider alternative
            employment opportunities. The Board has determined that it is in the
            best interests of the Company and its shareholders to assure that
            the Company will have the continued dedication and objectivity of
            the Employee, notwithstanding the possibility, threat or occurrence
            of a Change of Control (as defined below) of the Company.

      B.    The Board believe that it is in the best interest of the Company and
            its shareholders to provide the Employee with an incentive to
            continue his or her employment with the Company.

      C.    The Board believes that it is imperative to provide the Employee
            with certain benefits upon a Change of Control and, under certain
            circumstances, upon termination of the Employee's employment in
            connection with a Change of Control, which benefits are intended to
            provide the Employee with financial security and provide sufficient
            income and encouragement to the Employee to remain with the Company
            notwithstanding the possibility of a Change of Control.

      D.    To accomplish the foregoing objectives, the Board of Directors has
            directed the Company, upon execution of this Agreement by the
            Employee, to agree to the terms provided in this Agreement.

      E.    Certain capitalized terms used in the Agreement are defined in
            Section 4 below.

            In consideration of the mutual covenants herein contained, and in
            consideration of the continuing employment of Employee by the
            Company, the parties agree as follows:

            1.    At-Will Employment: The Company and the employee acknowledge
                  that the Employee's employment is and shall continue to be
                  at-will, as defined under applicable law. If the Employee's
                  employment terminates for any reason, including (without
                  limitation) any termination prior to a Change of Control, the
                  Employee shall not be entitled to any payments, benefits,
                  damages, awards or compensation other than as provided by this
                  Agreement, or as may otherwise be available in accordance with
                  the Company's established employee plans and written policies
                  at the time of termination. The terms of this Agreement shall
                  terminate upon the earlier of (I) the date that all
                  obligations of the parties hereunder have been satisfied, (ii)
                  two years after the new effective date, or (iii) twenty-four
                  (24) months after a Change of

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                  Control. A termination of the terms of this Agreement pursuant
                  to the preceding sentence shall be effective for all purposes,
                  except that such termination shall not affect the payment or
                  provision of compensation or benefits on account of a
                  termination of employment occurring prior to the termination
                  of the terms of this Agreement.

            2.    Change of Control/Stock Options. Immediately upon the
                  effective date of the Change of Control, each stock option
                  granted for the Company's securities held by the Employee
                  shall become immediately vested and shall be exercisable in
                  full in accordance with the provisions of the option agreement
                  and plan pursuant to which such option was granted. Upon the
                  immediate vesting of such stock options, the Employee will
                  have the right (subject to any limitations imposed by Section
                  16 of the Securities Exchange Act of 1934 or other applicable
                  securities laws and the California Corporations Code and only
                  to the extent permitted by the terms of the applicable option
                  plan) to deliver a promissory note with a two (2) year term,
                  at the prime rate of interest determined as of the date of
                  payment of the exercise price for such options. The delivered
                  note will be non-recourse, and the Company or its successor
                  will look solely to the pledged shares for repayment.

            3.    Severance Benefits

                  (a) Termination Following A Change of Control. Subject to
                      Section 5 below, if the Employee's employment with the
                      Company is terminated at any time within 24 months after a
                      Change of Control, then the Employee shall be entitled to
                      receive severance benefits as follows:

                        (i)   Voluntary Resignation. If the Employee voluntarily
                              resigns from the Company (other than as an
                              Involuntary Termination (as defined below) or if
                              the Company terminates the Employee's employment
                              for Cause (as defined below), then the Employee
                              shall not be entitled to receive severance
                              payments. The Employee's benefits will be
                              terminated under the Company's then existing
                              benefit plans and policies in accordance with such
                              plans and policies in effect on the date of
                              termination.

                        (ii)  Involuntary Termination. If the Employee's
                              employment is terminated within 12 months of the
                              Change of Control as a result of Involuntary
                              Termination other than for Cause, the Employee
                              shall be entitled to receive 12 months severance
                              payments (the "Severance Period") from the date of
                              the Employee's termination. If the Employee's
                              employment is terminated after 12 months but
                              within 24 months after the Change of Control, the
                              Employee shall be entitled to receive 9 months
                              severance payments (the "Severance Period") from
                              the date of the Employee's termination. The
                              Employee's severance payments shall be equal to
                              the salary which the Employee was receiving
                              immediately prior to the Change of Control plus a
                              25% bonus for Executive Committee members and 45%
                              for the CEO shall be paid during the Severance
                              Period in accordance with the Company's standard
                              payroll practices or, at

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                              the Employee's election, shall be paid to the
                              Employee in lump sum within ten (10) days of the
                              Employee's termination date. Such election shall
                              not affect the length of the Severance Period nor
                              the provision of benefits within the Severance
                              Period. In addition,during the Severance Period,
                              the Employee shall be provided with benefits
                              substantially identical to those to which the
                              Employee was entitled immediately prior to the
                              Change of Control.

                        (iii) Involuntary Termination for Cause. If the
                              Employee's employment is terminated for Cause,
                              then the Employee shall not be entitled to receive
                              severance payments. The Employee's benefits will
                              be terminated under the Company's then existing
                              benefits plans and policies in effect on the date
                              of termination.

                  (b)   Termination Apart from Change of Control. In the event
                        the Employee's employment terminates for any reason
                        prior to the Change of Control, then the Employee shall
                        not be entitled to receive any severance payments under
                        this Agreement. The Employee's benefits will be
                        terminated under the Company's then existing benefit
                        plans and policies in accordance with such plans and
                        policies in effect on the date of termination.

            4.    Definition of Terms. The following terms referred to in this
                  Agreement shall have the following meanings:

                  (a)   Change of Control. "Change of Control" shall mean the
                        occurrence of any of the following events:

                        (i)   Ownership. Any "person" (as such term is used in
                              Sections 13(d) and 14(d) of the Securities
                              Exchange Act of 1934, as amended) is or becomes
                              the "beneficial owner" (as defined in Rule 13d-3
                              under said Act), directly or indirectly, of
                              securities of the Company representing twenty
                              percent (20%) or more of the total voting power
                              represented by the Company's then outstanding
                              voting securities without the approval of the
                              Board of Directors of the Company; or

                        (ii)  Merger/Sale of Assets. A merger or consolidation
                              of the Company whether or not approved by the
                              Board of Directors of the Company, other than a
                              merger or consolidation which would result in the
                              voting securities of the Company outstanding
                              immediately prior thereto continuing to represent
                              (either by remaining outstanding or by being
                              converted into voting securities of the surviving
                              entity) at least fifty percent (50%) of the total
                              voting power represented by the voting securities
                              of the Company or such surviving entity
                              outstanding immediately after such merger or
                              consolidation, or the shareholders of the Company
                              approve a plan of complete liquidation of the
                              Company or an agreement for the sale or
                              disposition by the Company of all or substantially
                              all of the Company's assets.

                        (iii) Change in Board Composition. A change in the
                              composition of the Board of Directors of the
                              Company, as a result of which fewer than

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                        a majority of the directors are Incumbent Directors.
                        "Incumbent Directors" shall mean directors who either
                        (A) are directors of the Company as of April 4, 1996, or
                        (B) are elected, or nominated for election, to the Board
                        of Directors of the Company with the affirmative votes
                        of at least a majority of the Incumbent Directors at the
                        time of such election or nomination (but shall not
                        include an individual whose election or nomination is in
                        connection with an actual or threatened proxy contest
                        relating to the election of directors to the Company).

                  (b)   Cause. "Cause" shall mean (i) material breach of any
                        material terms of this Agreement, (ii) conviction of a
                        felony, (iii) fraud, (iv) repeated unexplained or
                        unjustified absence, (v) willful breach of fiduciary
                        duty under applicable laws, this Agreement or Company
                        policies first in effect prior to the occurrence of a
                        Change in Control or (vi) gross negligence or willful
                        misconduct where such gross negligence or willful
                        misconduct has resulted or is likely to result in
                        substantial and material damage to the Company or its
                        subsidiaries.

                  (c)   Involuntary Termination. "Involuntary Termination" will
                        include the Employee's voluntary termination, upon 30
                        days prior written notice to the Company, following (i)
                        a material reduction in job responsibilities
                        inconsistent with the Employee's position with the
                        Company and the Employee's prior responsibilities, i.e.,
                        parent company versus subsidiary level or type
                        responsibility, or (ii) relocation to a facility or
                        location more than 50 miles from the Company's current
                        location, or (iii) reduction in salary.

      5.    Limitation on Payments. To the extent that any of the payments or
            benefits provided for in this Agreement or otherwise payable to the
            Employee constitute "parachute payments" within the meaning of
            Section 280G of the Internal Revenue Code of 1986, as amended (the
            "Code") and, but for this Section 5, would be subject to the excise
            tax imposed by Section 4999 of the code, the Company shall reduce
            the aggregate amount of such payments and benefits such that the
            present value thereof (as determined under the Code and the
            applicable regulations) is equal to 2.99 times the Employee's "base
            amount" as defined in Section 280G (b)(3) of the Code.

      6.    Successors. Any successor to the Company (whether direct or indirect
            and whether by purchase, lease, merger, consolidation, liquidation,
            or otherwise) to all or substantially all of the Company's business
            and/or assets shall assume the obligations under this Agreement and
            agree expressly to perform the obligations under this Agreement n
            the same manner and to the same extent as the company would be
            required to perform such obligations in the absence of a succession.
            The terms of this Agreement and all of the Employee's rights
            hereunder shall insure to the benefit of, and be enforceable by, the
            Employee's personal or legal representatives, executors,
            administrators, successors, heirs, distributees, devisees and
            legatees.
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      7.    Notice. Notices and all other communications contemplated by this
            Agreement shall be in writing and shall be deemed to have been duly
            given when personally delivered or when mailed by U.S. registered or
            certified mail, return receipt requested and postage prepaid. Mailed
            notices to the Employee shall be addressed to the Employee at the
            home address which the Employee most recently communicated to the
            Company in writing. In the case of the Company, mailed notices shall
            be addressed to its corporate headquarters, and all notices shall be
            directed to the attention of its Secretary.

      8.    Miscellaneous Provisions.

                  (a) No Duty to Mitigate. The Employee shall not be required to
                      mitigate the amount of any payment contemplated by this
                      Agreement (whether by seeking new employment or in any
                      other manner), nor, except as otherwise provided in this
                      Agreement, shall any such payment be reduced by any
                      earnings that the Employee may receive from any other
                      source.

                  (b) Waiver. No provision of this Agreement shall be modified,
                      waived or discharged unless the modification, waiver, or
                      discharge is agreed to in writing and signed bye the
                      Employee and by an authorized officer of the Company
                      (other than the Employee). No waiver by either party of
                      any breach of, or of compliance with, any condition or
                      provision of this Agreement by the other party shall be
                      considered a waiver of any other condition or provision or
                      of the same condition or provision at another time.

                  (c) Whole Agreement. No agreements, representations or
                      understandings (whether oral or written and whether
                      express or implied) which are not expressly set forth in
                      this Agreement have been made or entered into by either
                      party with respect to the subject matter hereof. This
                      Agreement supersedes any agreement of the same title and
                      concerning similar subject matter dated prior to the date
                      of this Agreement, and by execution of this Agreement both
                      parties agree that any such predecessor agreement shall be
                      deemed null and void.

                  (d) Choice of Law. The validity, interpretation, construction
                      and performance of this Agreement shall be governed by the
                      laws of the State of California without reference to
                      conflict of law provisions.

                  (e) Severability. If any term or provision of this Agreement
                      or the application thereof to any circumstance shall, in
                      any jurisdiction and to any extent, be invalid or
                      unenforceable, such term or provision shall be ineffective
                      as to such jurisdiction to the extent of such invalidity
                      or unenforceability without invalidating or rendering
                      unenforceable the remaining terms and provisions to
                      circumstances other than those as to which it is held
                      invalid or unenforceable, and a suitable and equitable
                      term or provision shall be substituted therefore to carry
                      out, insofar as may be valid and enforceable, the intent
                      and purpose of the invalid or unenforceable term or
                      provision.

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                  (f)   Arbitration. Any dispute or controversy arising under or
                        in connection with this Agreement may be settled at the
                        option of either party by binding arbitration in the
                        County of Santa Clara, California, in accordance with
                        the rules of the American Arbitration Association then
                        in effect. Judgment may be entered on the arbitrator's
                        award in a court having jurisdiction. Punitive damages
                        shall not be awarded.

                  (g)   Legal Fees and Expenses. The parties shall each bear
                        their own expenses, legal fees and other fees incurred
                        in connection with this Agreement.

                  (h)   No Assignment of Benefits. The rights of any person to
                        payments or benefits under this Agreement shall not be
                        made subject to option or assignment, either by
                        voluntary or involuntary assignment or by operation of
                        law, including (without limitation) bankruptcy,
                        garnishment, attachment or other creditor's process, and
                        any action in violation of this subsection (h) shall be
                        void.

                  (i)   Employment Taxes. All payments made pursuant to this
                        Agreement will be subject to withholding of applicable
                        income and employment taxes.

                  (j)   Assignment by Company. The Company may assign its rights
                        under this Agreement to an affiliate, and an affiliate
                        may assign its rights under this Agreement to another
                        affiliate of the Company or to the Company; provided,
                        however, that no assignment shall be made if the net
                        worth of the assignee is less than the net worth of the
                        Company at the time of the assignment. In the case of
                        any such assignment, the term "Company" when used in a
                        section of this Agreement shall mean the corporation
                        that actually employs the Employee.

                  (k)   Counterparts. This Agreement may be executed in
                        counterparts, each of which shall be deemed an original,
                        but all of which together will constitute one and the
                        same instrument.

          IN WITNESS WHEREOF, each of the parties has executed this Agreement,
in the case of the Company by its duly authorized officer, as of the day and
year first above written.

LASERSCOPE

By: _________________________              By:__________________________
    (Title)                                  (Employee)<PAGE>   1

                                                                    EXHIBIT 10.1

                                TWELFTH AMENDMENT
                                       TO
                    CONVERTIBLE DEBENTURE PURCHASE AGREEMENT

      THIS twelfth AMENDMENT TO CONVERTIBLE DEBENTURE PURCHASE AGREEMENT (the
"Amendment") is entered into as of March 31, 2000, by and between DISC, Inc., a
California corporation (the "Company"), and MK GVD Fund (the "Purchaser").

                                R E C I T A L S:

      A.    WHEREAS on March 29, 1996 the Company and Purchaser entered into a
Convertible Debenture Purchase Agreement pursuant to which the Company agreed to
sell, and Purchaser agreed to purchase, an aggregate of $1,400,000 in principal
amount of Convertible Debentures, each convertible into shares of the Company's
Preferred Stock, which Agreement was amended as of December 31, 1996, April 11,
1997, December 31, 1997, March 27, 1998, June 30, 1998 and September 25, 1998,
December 31, 1998, March 30, 1999, June 30, 1999, September 30, 1999 and
December 31, 1999 to increase the aggregate amount of Convertible Debenture to
be purchased thereunder to $8,610,000.

      B.    The Company and Purchaser now seek to amend the Agreement to
increase the total amount of Convertible Debentures which Purchaser agrees to
purchase thereunder.

      NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged, and in consideration of the mutual covenants set forth
herein, the parties hereto agree as follows:

      1.    DEFINITIONS. Unless otherwise defined herein, capitalized terms used
in the Amendment shall have the same meanings ascribed to them in the
Convertible Debenture Purchase Agreement.

      2.    AMENDMENT TO CONVERTIBLE DEBENTURE PURCHASE AGREEMENT. Section
1.1(a) of the Convertible Debenture Purchase Agreement is hereby amended to
provide that Purchaser agrees to purchase, and the Company agrees to issue and
sell, an aggregate of $9,430,000 in principal amount of Convertible Debentures.

      3.    ENTIRE AGREEMENT; AMENDMENT. The Convertible Debenture Purchase
Agreement, as amended by this Amendment, constitutes the full and complete
agreement and understanding between the parties hereto regarding the subject
matter of the Convertible Debenture Purchase Agreement and shall supersede all
prior communications, representations, understandings or agreements, if any,
whether oral or written, concerning the subject matter contained in the
Convertible Debenture Purchase Agreement, as so amended, and that no provision
of the Convertible Debenture Purchase Agreement, as so amended, may be modified,
amended, waived or discharged, in whole or in part, except in accordance with
its terms.

      4.    FORCE AND EFFECT. Except as modified by this Amendment, the terms
and provisions of the Convertible Debenture Purchase Agreement are hereby
ratified and confirmed and are and shall remain in full force and effect. Should
any inconsistency arise between this Amendment and the Convertible Debenture
Purchase Agreement as to the specific matters which are the subject of this
Amendment, the terms and conditions of this Amendment shall control. This
Amendment shall be construed to be part of the Convertible Debenture Purchase
Agreement and shall be deemed incorporated into the Convertible Debenture
Purchase Agreement by this reference.

      5.    COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which shall be an original but all of which together shall
constitute one instrument.

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      IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
in duplicate on its behalf by its duly authorized officer and Purchaser has also
executed this Amendment in duplicate, all as of the day and year indicated
above.

                                          DISC, INC.
                                          a California corporation

                                          By:  /s/ Henry Madrid
                                             ----------------------------------
                                               Henry Madrid
                                               Chief Financial Officer

                                          PURCHASER:

                                          MK GVD Fund

                                          By:  /s/ Greg Lahann
                                             ----------------------------------
                                               Greg Lahann, General Partner

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