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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-07-037939.txt : 20070724
<SEC-HEADER>0001144204-07-037939.hdr.sgml : 20070724
<ACCEPTANCE-DATETIME>20070724122121
ACCESSION NUMBER:		0001144204-07-037939
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030619
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070724
DATE AS OF CHANGE:		20070724

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIOANALYTICAL SYSTEMS INC
		CENTRAL INDEX KEY:			0000720154
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731]
		IRS NUMBER:				351345024
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23357
		FILM NUMBER:		07995497

	BUSINESS ADDRESS:	
		STREET 1:		2701 KENT AVE
		CITY:			WEST LAFAYETT
		STATE:			IN
		ZIP:			47906-1382
		BUSINESS PHONE:		3174634527

	MAIL ADDRESS:	
		STREET 1:		2701 KENT AVENUE
		CITY:			WEST LAFAYETTE
		STATE:			IN
		ZIP:			47906-1382
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      agreement with then Chief Operating Officer Ronald E. Shoup, Ph.D. Under Dr.
      Shoup's agreement, if Dr. Shoup's employment is terminated for any reason other
      than Just Cause, as defined in the agreement, at any time during a two-year
      period following a Significant Transaction or Change in Board Composition,
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      foregoing description of the Letter Agreement is qualified in its entirety
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      and which is incorporated herein by reference.</font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;July
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Michael
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Vice
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          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 81pt;"><font size="2">10.1</font></td>
            <td align="left"><font size="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Letter
              Agreement between Bioanalytical Systems, Inc. and Ronald E. Shoup,
              Ph.D.,
              dated June 19, 2003.</font></font></td>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v081744_ex10-1.htm
<TEXT>
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</title>
</head>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>[BASi
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    <div>&#160;</div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">June
      19,
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ronald
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      Shoup</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2701
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">West
      Lafayette, IN 47906-1382</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dear
      Ron,</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bioanalytical
      Systems, Inc. is pleased to provide to you this severance agreement in
      consideration of the services you render to the Company from and after the
      date
      of this Agreement, which the Board of Directors believes are important to the
      future growth and prosperity of the Company. The terms of the agreement
      follow:</font></div>
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      you
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      during a two (2) year period after a "Significant Transaction" or a "Change
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      Board Composition" - each, hereinafter defined - you will be entitled to a
      continuance of your annual base salary for one (1) month for each year of
      service from the date of termination.</font></div>
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      in this agreement shall be deemed to alter the "at will" nature of your
      employment by the Company. "Just Cause" is defined as a good faith determination
      by the Company's Board of personal dishonesty, breach of fiduciary duty
      involving personal profit, willful failure to perform stated duties, or willful
      violation of any law, rule or regulation (other than traffic violation or
      similar offenses). "Significant Transaction" is defined as any of: (a) the
      sale
      of a block of stock representing greater than 50% or more of the combined voting
      power of the Company's then outstanding securities; (b) upon the first purchase
      of the Company's common stock pursuant to a tender or exchange offer; and (c)
      upon the approval by the Company's shareholders of (i) a merger with or into
      another corporation; (ii) a sale or disposition of all or substantially all
      of
      the Company's assets; or (iii) a plan of liquidation or dissolution of the
      Company. "Change of Board Composition" means any change in the composition
      of
      the Board of Directors of the Company in connection with any transaction in
      which stock of the Company is sold by the Company, such that a majority of
      the
      non-employee directors of the Company at the time of the stock sale transaction
      no longer constitute a majority. </font></div>
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      the
      foregoing is acceptable to you, please sign below and return this agreement
      to
      me.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
      Peter
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      Ronald E. Shoup</u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
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