Document:

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                                                                        EX 10.28

                       EMPLOYMENT TERMINATION, RELEASE AND
                              COOPERATION AGREEMENT

      Virbac Corporation ("the Company") and Thomas Bell ("Employee") agree that
the following sets forth their full and complete agreement and understanding
regarding the termination of the Employee's employment with the Company:

      1. As used in this Agreement the following terms shall have the following
meanings.

      a) Securities Litigation shall mean the presently pending suits filed
against the Company or the Company and Employee alleging violation of any law
pertaining to securities together with any amendment, refiling or new complaint
or other filing asserting claims based on the same or similar facts. Securities
Litigation shall also include any potential investigation/litigation by the
Securities and Exchange Commission or other governmental body regarding
activities of the Company during the time that Employee was employed by Company
and relating to alleged violation of securities laws.

      b) Competitor shall mean any of the companies listed on Exhibit A hereto
together with their parents, subsidiaries and affiliates.

      c) Customer or Business Partner shall mean any of the companies listed on
Exhibit B hereto together with their parents, subsidiaries and affiliates.

      d) Fully Cooperate / Full Cooperation shall mean for Employee to make
himself available at reasonable times and places for interviews, consultations
and/or testimony during which he will provide to the Company, or its designated
attorneys or agents, any and all information known to him regarding or relating
to the Company or his activities on behalf of the Company in regard to the
subject matter on which cooperation is sought, as well as provide any and all
documents or electronically stored information available to him relating to such
subjects.

      e) Confidential Information shall mean any and all information not in the
public domain, in any form, possessed by, used by, under the control of, or
otherwise relating to the Company and treated as confidential by the Company
including but not limited to, any technical or non-technical information, plans
designs, drawings, processes, systems, procedures, formulae, biological
materials, laboratory notebooks, test data, know-how, improvements, inventions,
products, client or customer lists, marketing plans, financial information, or
any other compilation of information relating to the Company's business which
has come into the Employee's possession by virtue of his employment with
Company. Confidential Information shall also include any information not in the
public domain owned by another company or person and entrusted to Company in the
courts of business or research.

      2. The Company and the Employee agree that the Employee's employment with
the Company was terminated effective January 27, 2004, and that the Employee

<PAGE>

resigned effective that date from any and all positions as an employee or
director held by him with the Company, its subsidiaries, parents and affiliates.
Employee understands and agrees that from and after January 27, 2004 he shall
have no power or authority to bind the Company to any obligations with third
parties or other employees of the Company.

      3. In exchange for Employee's resignation, his release of all claims
against the Company and the other promises made by Employee in this Agreement,
the Company shall:

      a) Pay to Employee an amount equal to five months of Employee's base
salary in effect as of January 27, 2004. This amount shall be paid to Employee
in equal installments on regularly scheduled payroll dates between January 27,
2004 and November 30, 2004 (the "Severance Period"); provided that no payments
shall be made until after the Revocation Period provided in paragraph 18 shall
have elapsed without Employee revoking this Agreement. All amounts paid shall be
subject to normal and required withholdings;

      b) Allow Employee to continue Employee's health insurance (including
Executive Care Plan) during the Severance Period upon the same terms and
conditions as were in effect at the date of Employee's termination, or upon such
terms as may be amended during the Severance Period to apply to all other
participants in the same health plan(s) during such time; and

      c) Advance to Employee certain reasonable attorneys fees and expenses as
is more fully described in paragraph 11 of this Agreement.

      It is understood and agreed that any period of group health care
continuation of coverage required under 29 U.S.C. Sections 1161-1169 shall
commence as of the end of the Severance Period and not the date of the
Employee's resignation.

      4. Employee agrees that during the Severance Period he shall Fully
Cooperate with the Company in regard to all matters relating to the transfer of
his responsibilities and knowledge regarding the Company and its activities to
other employees, consultants or agents of the company.

      5. Employee agrees that he shall Fully Cooperate with the Company in
regard to any internal investigation, SEC investigation or Securities Litigation
for so long as any such matters shall be pending. Employee further agrees that
he will not voluntarily provide any statement or other assistance to a party to
a dispute or litigation with the Company, other than the Company, without the
prior written consent of the Company. Employee also agrees that if he is ever
subpoenaed or otherwise required by law to provide any statement or other
assistance to a party to a dispute or litigation with the Company, other than
the Company, then he will provide written notice of the circumstances requiring
such statement or other assistance, including where applicable a copy of the
subpoena or other legal writ, in such a manner and at such a time that allows
the Company to respond. Nothing herein shall prevent the Employee from
cooperating

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<PAGE>

with co-defendants in litigation or with inquiry from the government without a
need to obtain prior consent or approval from the company; however, the Employee
shall provide prompt notice of any voluntary giving of oral or written
statements to such parties, and provide to the Company a copy of any written
statement so given or a summary of any oral statement provided.

      6. Company shall reimburse Employee for reasonable and necessary
out-of-pocket expenses incurred by Employee in fulfilling his obligations under
paragraphs 4 and 5 hereof. Company shall also reimburse Employee for legal
expense not to exceed $5,000 incurred in reviewing and drafting changes to this
Agreement, but not for consultation between Employee and his counsel.

      7. Employee agrees that he will not, without the prior written permission
of the Company, become employed by, or otherwise provide services as an
employee, consultant, owner, volunteer or other capacity to any Customer or
Business Partner listed on Exhibit B hereto during the Severance Period, nor for
any Competitor listed on Exhibit A for a period of one year following the
termination of his Employment. Such restrictions shall be removed at the sole
discretion of the Board.

      8. Employee agrees that he shall not use any Confidential Information for
the benefit of himself or others without the prior written consent of the
Company for so long as such information has not entered the public domain. In
the event Employee is called upon to divulge confidential information in the
course of the Securities Litigation or other judicial or regulatory proceeding,
Employee shall provide the Company with as much notice of the need or
possibility of the need to divulge Confidential Information as is practicable
under the circumstances. However, nothing herein shall be interpreted to impose
or imply a limitation upon Employee's ability to provide truthful testimony in
the course of any judicial or regulatory proceeding or investigation.

      9. Employee agrees that, for a period of one (1) year following the
termination of his employment, he shall not on his own behalf or on behalf of
any other person, firm or entity, solicit or cause to be solicited any employee
of the Company for employment. Employee understands that this restriction
precludes him from making available the names, phone numbers or backgrounds of
persons currently employed by the Company or lists thereof to any person for the
purpose of solicitation.

      10. Employee agrees not to make any unfavorable, derogatory or disparaging
comments about the Company, its parents, subsidiaries, affiliates, managers,
directors, supervisors, operations, policies, or products. Employee further
agrees that he will not provoke, foster or encourage any acts of ill will on the
part of the Company's other employees. Nothing in this paragraph 10 shall be
deemed to limit or imply any limitation upon the Employee's offering of truthful
testimony in any judicial or regulatory proceeding or investigation.

      11. As further consideration of the promises made by Employee in this
Agreement, the Company shall continue to advance to Employee reasonable
attorneys

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<PAGE>

fees and reasonable expenses incurred by Employee in regard to the Securities
Litigation. Such obligation of the Company shall continue unless and until the
Board of Directors of the Company shall determine in its sole discretion that
Employee did not act in good faith or in a manner reasonably believed by him to
be in or not opposed to the best interests of the Company. In the event the
Board ultimately determines that Employee is not entitled to be indemnified by
the Company, the Employee shall promptly repay to the Company any amounts
previously advanced under this paragraph.

      12. Employee, on behalf of himself and on behalf of his heirs, executors,
administrators, personal representatives, successors and assigns does hereby
irrevocably release, acquit, exonerate and forever discharge Company and each of
its affiliates, subsidiaries, successors, predecessors, assigns, trustees,
officers, directors, stockholders, agents, attorneys, servants, representatives,
employees and any employment benefit plans (including the trustees, fiduciaries
and committee members of such plans) (hereinafter individually and collectively
sometimes called "RELEASEES"), of and from all and every manner of action and
actions, cause and causes of actions, grievances, arbitrations, obligations,
damages, demands, liabilities, defenses, suits, debts, dues, sums of monies,
accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, agreements, promises, variances, libels, slanders, trespasses,
damages, judgments, expenses, executions and claims whatsoever, known or
unknown, in law and/or equity, mixed or otherwise, which the Employee ever had,
now has or hereafter can, shall or may have against the RELEASEES, individually,
collectively, jointly or severally, for, upon, or by reason of any matter, act,
occurrence, omission, transaction or cause or thing whatsoever, from the
beginning of time to the date of this Agreement, including but not limited to
any claim or action, cause or causes of action, known or unknown, which Employee
ever had, now has, or hereafter can, shall or may have against the RELEASEES,
individually, jointly, severally or collectively, arising out of, as a
consequence of, or by reason of, resulting from, or connected in any way with
Employee's employment by RELEASEES or termination of that employment,
specifically including but not limited to, claims of discrimination based on
race, sex, age, national origin, religion, marital status, status as a
handicapped or disabled individual, or veteran status, under the Age
Discrimination in Employment Act (29 U.S.C. Section 621, et seq.), Title VII of
the Civil Rights Act of 1964 (42 U.S.C. Section 2000(e), et seq.), the Employee
Retirement Income Security Act (29 U.S.C. Section 1001, et seq.), the Americans
with Disabilities Act (42 U.S.C. Section 1201, et seq.), the Family and Medical
Leave Act (29 U.S.C. Section 2601, et seq.), the Texas Human Rights Act, or any
other federal, state or local statute, ordinance or common law relating to
employment, employment discrimination, termination of employment, contracts of
employment or wrongful discharge. Employee acknowledges, understands and
expressly agrees that this Agreement is a General Release. Nothing in this
Agreement shall prohibit Employee of Company from filing suit or seeking
remedies for any breach of this Agreement itself.

      13. Employee warrants that he has not retained, and has returned to the
Company, any reports, files, memoranda, notes, records, data, recordings,
computers, computer software, computer access codes, computer disks, computer
drives or other computer memory storage devices, other physical property, or
documents of any kind of

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the Company, as well as all copies and reproductions of whatever kind thereof
made or compiled by Employee in whole or part or made available to Employee
during the term of his employment with Company or to which Employee was exposed
by any means during the course of his relationship with the Company. Employee
further agrees that should he later discover that despite this warranty he has
retained any of the above mentioned items of Company property that he shall
promptly notify the Company and return such property. Employer will upon
reasonable request by Employee or his counsel make available for inspection and
copying such documents or other information which are not privileged from
discovery in civil or criminal proceedings and would otherwise be obtainable by
subpoena or discovery request in a civil suit.

      14. Employee warrants and represents that he has not assigned or
transferred, or purported to assign or transfer to any person, firm or entity
any claim against the RELEASEES or portion thereof or interest therein.

      15. Employee and Company agree that this Agreement supersedes any prior
agreements which may have existed between them, that it contains and comprises
the entire agreement between them, and that there are no additional promises or
terms of the Agreement among the parties other than those contained herein, and
that this Agreement shall not be modified except in a writing signed by each of
the parties hereto.

      16. The parties agree that the existence of this Agreement or any of its
parts is not, shall not be interpreted as, and shall not be offered as evidence
of an admission of liability or wrongdoing by any person or party. Each party
further agrees that nothing in this Agreement may be interpreted to render
either party a prevailing party for any purpose, including but not limited to,
the assessment of attorneys fees or costs under any statute or law.

      17. Employee and Company agree that the terms, provisions, and conditions
of this Agreement and the negotiations in pursuance thereof are strictly
confidential. Employee shall not disclose information pertaining thereto to any
person or entity other than Employee's spouse, legal counsel and any financial
advisor except as specifically requested by a governmental agency or in
connection with the Securities Litigation. The Company shall not disclose such
information to third parties other than its tax advisors, legal counsel,
auditors and other persons having a legitimate business reason to gain access to
the information except as may be requested by a governmental agency or in
connection with the Securities Litigation. If either party is compelled by any
such request to disclose any one or more of the provisions of this Agreement, he
shall inform the other in writing of the circumstances requiring such
disclosure.

      18. Employee represents that he has fully reviewed the terms of this
Agreement with legal counsel of his choosing and has been encouraged by the
Company to seek legal counsel. Employee expressly acknowledges that he has been
given ample time to consider his decision and is acting of his own free will.
Employee hereby acknowledges that he fully and completely understands and
accepts the terms of this Agreement including without limitation its effect as a
general release. Employee

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understands that he has twenty-one (21) days to consider the Agreement before
signing it. For a period of seven (7) days following his signature of this
Agreement, not including the date upon which it is signed ("Revocation Period"),
Employee may revoke it and the Agreement shall not become effective or
enforceable. No payments hereunder shall be made until the Revocation Period has
expired without Employee having exercised his right of revocation.

      19. Employee agrees that any material breach by him of the obligations
contained in paragraphs 4-9, inclusive, of this Agreement are certain to cause
damage to the Company, and that the exact nature and amount of the damages
likely to be so incurred will be highly difficult to ascertain and/or quantify.
Accordingly, Employee agrees that in the event of his material breach of
paragraphs 4-10, inclusive, the Company may, in addition to any other relief or
remedy granted in law, enforce said provisions by obtaining equitable and
injunctive relief without the posting of a bond, guarantee or other surety, and
that such equitable/injunctive relief is appropriate.

      20. If for any reason any provision of this Agreement shall be deemed to
be legally invalid or unenforceable, the validity, legality and enforceability
of the remainder of this Agreement shall not be affected. The parties expressly
authorize any court of competent jurisdiction to enforce any provision, or
portion thereof, or to modify any such provision, or portion thereof, so that
any such provision, or portion thereof, shall be enforced by the court to the
fullest extent permitted by law.

      21. Employee represents that he has read this Agreement, that he
understands all of its terms, that he has had the opportunity to fully discuss
and disclose the terms of this Agreement with any attorney of his choice as
reflected in Paragraph 18 above. Employee also represents that he enters into
this Agreement voluntarily, of his own free will and with knowledge of its
meaning and effect including, without limitation, its effect as a general
release.

      22. The Company warrants and represents that the individual signing below
on its behalf has full authority to enter into and execute this Agreement, and
that any resolutions of the Board of Directors as may be necessary to establish
that authority have been duly passed.

Virbac Corporation                                 Thomas Bell

By: _____________________________                  By: _________________________

Its: ____________________________                  Date: _______________________

Date: ___________________________

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<PAGE>

                                   EXHIBIT "A"

                                   Competitors

1.  Aquarium Pharmaceuticals

2.  Aquatronics

3.  Central Garden Companies

4.  Church & Dwight

5.  Denta-Clen

6.  Derma Pet

7.  DVM Pharmaceuticals

8.  Farnam Companies

9.  Hagen

10. Hartz Mountain

11. Heska Corp.

12. INOBYS

13. Lloyd Labs

14. Merial Ltd.

15. Novartis Animal Health

16. Pfizer Animal Health

17. Phoenix Scientific

18. S&M Nutec

19. Schering-Plough Animal Health

20. Sergeants

21. Tetra

22. United Pet Group Companies

23. Vet Solutions

<PAGE>

                                   EXHIBIT "B"

                               Customers/Alliances

1.  Vedco

2.  Burns

3.  Butler

4.  PETsMART

5.  Petco

<PAGE>

Effective Tuesday January 27, 2004, I, Thomas Bell, hereby resign my position as
President of Virbac Corporation, as well as any other positions or directorships
held by me with Virbac or any of its subsidiaries or affiliates.

____________________________
        Thomas Bell<PAGE>
                                                                   EXHIBIT 10.29

                               VIRBAC CORPORATION
                                    FORM 10-K
                               SEPTEMBER 30, 2003

Employment and Consulting Agreement by and between Virbac Corporation and David
Eller, dated as of June 18, 2004.

<PAGE>

                       EMPLOYMENT AND CONSULTING AGREEMENT

      This Employment and Consulting Agreement, effective June 18, 2004, is made
by and between Virbac Corporation, a Delaware corporation (hereinafter "Virbac"
or the "Corporation") and David Eller (hereinafter "Eller").

1.    Job Description

      Eller is employed in the position of President and Chief Executive Officer
and will serve in that capacity or as a full time consultant during the Term of
Employment as the Board directs. In that capacity Eller will report directly to
the Board of Directors of the Corporation.

      The duties of the position shall include, but not be limited to providing
management and administrative leadership to the various production,
manufacturing, distribution and sales components of Virbac in conjunction with
the corporate headquarters staff located in Fort Worth, Texas and Saint Louis,
Missouri, as well as directing financial, legal and administrative matters in
accordance with Virbac's standard policies and procedures for such matters,
including additional responsibilities related to securities regulatory matters,
any investigation or enforcement action commenced by the Securities and Exchange
Commission ("SEC") or related private litigation, completion of the Company's
re-stated financial statements and audit, implementation of various compliance
policies associated with the Sarbanes Oxley Law, establishing strategic
alliances, joint ventures, promoting corporate development, leading due
diligence reviews and corporate acquisitions, where applicable.

2.    Outside Employment

      Eller shall devote full-time efforts to his duties at Virbac; however it
is acknowledged by

<PAGE>

Virbac that Eller has other outside business responsibilities, which have
previously been disclosed to Virbac, and which the parties agree do not
interfere with Eller's fulfillment of his responsibilities to Virbac and the
continuance of which do not in any way violate this agreement as long as Eller
does not increase substantially the volume of outside business activities
compared to current outside responsibilities.

3.    Term

      A.    Term of Employment

      The term of employment shall be for a period commencing on the date of
this Agreement, and ending on December 31, 2004 (the "Term of Employment").

      B.    Consultancy

      At the end of the Term of Employment, Eller agrees to make himself
available as a consultant to the Corporation from January 1, 2005 to December
31, 2005 (the "Term as Consultant"). At the request of the Board of Directors of
the Corporation and by mutual agreement, Eller could assume the role of
Consultant earlier than December 31, 2004, provided, however, that he receives
the full remuneration due him during the Term of Employment as stated in
paragraphs 4 A and 4 C for the period ending December 31, 2004. Pursuant to this
consulting arrangement, the Board of Directors of the Corporation shall
determine the number of days (if any) it desires for Eller to perform consulting
services during each month of the Term as Consultant, and Eller agrees to make
himself available for such time as the Board directs that is consistent with
Eller's other, outside professional duties and responsibilities. At the end of
the Term as Consultant, if Eller's time is required either by the Board of
Directors of the Corporation or in behalf of the Company by others in
conjunction with existing or future actions taken by the SEC or related private
litigation, the Company's re-stated financial statements and

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<PAGE>

audit, issues related to the various compliance policies associated with the
Sarbanes Oxley Law or others, Eller shall receive payment as outlined in
paragraph 4 B, including all associated expenses.

4.    Remuneration

      A.    During the Term of Employment

      During the Term of Employment, Eller shall receive a salary of $50,000 per
month. Eller shall be eligible to participate in all insurance and benefit plans
made available to senior executives of Virbac upon the same terms and conditions
as such other senior executives.

      B.    During the Term as Consultant.

      During the Term as Consultant, Eller shall receive payment of $2,500 per
day for each day the Board directs Eller to provide consulting services or that
his services are required in conjunction with the Company's accounting or legal
matters.

      C.    Bonus

      In addition to salary and/or consulting remuneration, Eller shall be paid
a 2004 bonus of $300,000 consisting of (1) $150,000 paid at the end of the
initial Term of Employment, as recognition of the achievements made by him for
the year, and (2) $ 150,000, based on the profitability of the Company at
December 31, 2004 being a minimum of $ 1 million net before tax, excluding all
expenses associated with the Investigative Expense, such as, but not limited to,
the extensive auditing, legal, consulting, investigation, travel and
miscellaneous expenses, as reported by the normal unaudited financial statements
prepared by the Virbac Finance Department within fifteen days after year-end and
paid to Eller on or before fifteen days thereafter.

      In addition, Eller shall receive a 2005 bonus, based upon the following:

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      i) If by June 30, 2005 Virbac has filed with the SEC its financial
statements through the end of its 2003 fiscal year, Eller will be paid $150,000.
In the event such statements are not filed with the SEC until after June 30,
2005, Eller will be paid a bonus of $75,000.

      ii) If by June 30, 2005, Virbac has been re-listed, Eller shall be paid an
additional bonus of $150,000. In the event re-listing does not occur until after
June 30, 2005, Eller will be paid a bonus of $75,000.

      iii) If Virbac elects to become privately held, and, therefore, does not
seek re-listing, then the entire sum of $150,000 shall become due as a bonus for
2005.

The 2004 Bonus shall be paid on or not later than fifteen days after December
31, 2004. The 2005 bonus shall be paid on the dates each of the conditions is
fulfilled.

5.    Expenses

      Virbac shall reimburse Eller for all usual and necessary expenses incurred
by him in the performance of his duties, whether as an employee or consultant,
and for such additional expenses as Eller reasonably incurs by living in Fort
Worth and traveling to his permanent abode in Houston Texas.

6.    Vacation

      The employee shall be entitled to two weeks of paid vacation, as well as
all paid holidays recognized by Virbac for other employees. At the end of the
year, Eller shall receive a cash payment equal to the balance of any accrued but
unused vacation.

7.    Termination

      During the Term of Employment, Virbac may terminate Eller only for just
cause, which is defined to mean 1) gross or willful misconduct causing material
harm to the corporation, 2) abandonment or neglect of duties, meaning failure to
perform any services for Virbac for a period of 10 consecutive business days
without adequate excuse or justification; 3) conviction of

                                       4
<PAGE>

a felony involving dishonesty, fraud, embezzlement or other matter related to
the employment; 4) failure to carry out directives of the Board of Directors,
but only after the Eller is given written notice from the Board of Directors of
the failure and a reasonable period of time in which to cure.

8.    Indemnification

      The Corporation acknowledges and agrees that it shall indemnify Eller as
set forth in the Indemnification Agreement by and between Eller and Corporation,
dated January 27, 2004, and attached hereto at Exhibit A, and that the indemnity
obligation set forth therein shall extend to any actual or threatened actions or
proceedings brought against Eller by reason of the fact that he is or was an
employee, officer, director, consultant or agent of the Corporation. Nothing in
this Agreement shall operate to limit the obligations set forth in the
Indemnification Agreement.

9.    Confidentiality

      It is a condition of employment that the Employee shall neither, during or
after the period of employment with Virbac, except as necessary in the proper
course of duties or as expressly permitted by Virbac or as required by law,
divulge to any person or use any confidential information concerning:

      (a)   the business or financial arrangements or position of Virbac or any
affiliated entity or any officer, employee or director thereof, including but
not limited to trade secrets, intellectual property, customer lists, marketing
plans, financial records, management organizational information and other
financial, commercial, business, technical or other information of any nature
whatsoever; or

      (b)   any of the dealings, transactions or affairs of Virbac or any
            affiliated entity.

10.   Documents and Other Property of the Corporation

      Upon termination of employment without any further demand, Eller shall
deliver to the

                                       5
<PAGE>

corporation or its authorized representative:

      (a)   all documents in Eller's possession or control, including all copies
thereof, relating in any way to any confidential information or the business or
affairs of the corporation or any affiliated entity;

      (b)   all other property of the corporation of any affiliated entity to
which the corporation or any affiliated entity has an entitlement to possession
which is in Eller's possession or control.

11.   Governing Law

      The terms of this Contract shall be interpreted and governed by the laws
of the State of Texas.

12.   Entire Agreement

      This Agreement represents the entire agreement between Eller and Virbac,
and all prior agreements as may have existed are superseded hereby. This
Agreement may be amended from time to time, but only by a writing duly executed
by both of the parties hereto.

13.   Severability

      If any provision of this contract shall be deemed to be illegal, invalid,
or unenforceable, then the validity and legality of the remaining provisions
shall not be affected thereby.

14.   Counterparts

      This Contract of Employment may be executed in any number of counterparts
each of which shall constitute an original.

      IN WITNESS WHEREOF the parties hereto have set their hands and seals or
caused

                                       6
<PAGE>

these presents to be signed by its proper corporate officers and to have its
proper corporate seal affixed hereto, the day and year first above written.

        Approved & Accepted:
        Board of Directors
        Virbac Corporation

By: /s/ Eric Maree                              07/26/04
    ------------------------------------        --------
        Eric Maree                                date
        Member of the Board of Directors
        Virbac Corporation

    /s/ David Eller                             07/28/04
    ---------------                             --------
        David Eller                               date

                                       7

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