EXHIBIT 10.29


                          AMENDMENT DATED JULY 18, 2006
                             TO EMPLOYMENT AGREEMENT

         The AMENDED AND RESTATED EMPLOYMENT AGREEMENT dated JULY 20, 2005
between PALL CORPORATION, a New York Corporation (the "Company") and ERIC
KRASNOFF ("Executive") as amended by Amendment dated May 3, 2006 (said Amended
and Restated Employment Agreement as so amended being hereinafter called the
"Agreement") is hereby further amended as follows:

         1. Section 6(f)(v) of the Agreement is hereby amended to read in its
entirety as follows:

                  (v) At the Company's option, the coverages and benefits to be
         provided hereunder may be provided through insurance, or by the Company
         directly paying, or reimbursing Executive or any of his Dependents for
         his or her payment of, expenses covered under this Section 6 (f).
         Notwithstanding the foregoing, during any period after the end of the
         Term of Employment in which any payments otherwise required to be made
         to Executive or for his benefit must be delayed pursuant to Section
         7(a) hereof, the coverages and benefits to be provided under this
         clause (v) shall be provided only by the Company reimbursing Executive
         or any of his Dependents for his or her payment of expenses covered
         under this Section 6 (f).

         2. Section 7(a) of the Agreement is hereby amended to read in its
entirety as follows:

                  (a) Delay in Payment. Notwithstanding any provision in this
         Agreement to the contrary, any payment otherwise required to be made
         hereunder to Executive or for his benefit at any date (including
         without limitation any reimbursement required to be paid to Executive
         or to any of his Dependents pursuant to Section 6(f)(v) hereof) shall
         be delayed for such period of time as may be necessary to meet the
         requirements of section 409A(a)(2)(B)(i) of the Code. On the earliest
         date on which any payments so delayed can be made without violating the
         requirements of section 409A(a)(2)(B)(i) of the Code (the "Delayed
         Payment Date"), there shall be paid to Executive (or if Executive has
         died, to "Executive's Successor") (as the quoted term is defined in
         Section 6 (a) hereof), in a single cash lump sum, an amount equal to
         the aggregate amount of all payments delayed pursuant to the preceding
         sentence, plus interest thereon at the Delayed Payment Interest Rate
         (as defined below) computed from the date on which each such delayed
         payment otherwise would have been made to Executive until the Delayed
         Payment Date. For purposes of the foregoing, the "Delayed Payment
         Interest Rate" shall mean the national average annual rate of interest
         payable on jumbo six month bank certificates of deposit, as quoted in
         the business section of the most recently published Sunday edition of
         the New York Times preceding the date on which the Term of Employment
         ends or, if earlier, the date as of which Executive is treated as
         having incurred a "separation from service" for purposes of section
         409A(a)(2)(B)(i).


                                    PALL CORPORATION


                                    By: /s/ MARCUS WILSON
                                            ---------------------------------
                                            Marcus Wilson,
                                            President


                                    EXECUTIVE


                                    /s/ ERIC KRASNOFF
                                        -------------------------------------
                                        Eric Krasnoff