In education, mentoring is pivotal in the early development and long-term success and self-directed efficacy of new teachers. With increasing acknowledgment of the importance of mentoring as the preferred means of induction support for new teachers, mentors can serve to positively impact the overall quality of teaching and learning. Yet, like the induction protocols in other professional occupations, the nature of induction programs in education has taken a variety of forms in more recent years. For mentors, these experiences create added obligations and time away from their own professional responsibilities. Although previous research points to the importance of mentoring and its effectiveness in supporting novices, giving voice to the induction mentor as related to the most effective practices for high quality induction mentoring merits further investigation and an obligation to those who lead them. The purpose of this study was therefore to contribute to the body of knowledge and literature pertaining to high quality mentoring experiences, specifically as related to the lived experiences and perceptions of effective practices for preparing, developing, and retaining K-12 teacher induction mentors. The participants in this study consisted of K-12 teacher induction mentors at a teacher induction program in Southern California. This study was made possible through the utilization of a phenomenological method, namely through a qualitative phone interview approach. The findings led to the following five conclusions: (1) prior life and professional experience are pivotal to the manner in which situational learning is acquired and internalized, strongly influencing the way mentors engage in future action; (2) induction mentor preparation and support are crucial to the success of the mentor in their service to new teachers and in their own professional development as educators; (3) time is pivotal to the formulation of and reaping of quality induction experiences; (4) the value of required induction projects is key to the significance of the induction work; and (5) meaningful reflective practices are fundamental to the internal motivation and transformation of the mentor as a professional learner. Implications for policy and recommendations for additional research are discussed at the end of the study. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]