Company: PRGO
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0000950170-25-035751
Chunk: 64

Company: PERRIGO Co plc
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 64
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 director following such time as such director has been both (i) recommended by our NGC for election as a director of the Company and (ii) elected by the Company’s shareholders to serve on the Board of Directors of the Company at three successive annual general meetings.

Our broad-based severance policy provides that, upon a qualifying termination of employment not within two years following a change in control, an eligible named executive officer, other than the CEO and non-U.S. NEO, would receive a severance payment equal to 52 weeks of the executive officer’s base salary, payable in installments or a lump sum, and a pro rata bonus payment for the year in which the termination occurs, based on actual performance.

In addition, the NEO would receive payment of health insurance premiums for 12 months, but only if the executive officer is not entitled to health insurance coverage under another employer-provided plan and is enrolled in the Perrigo health insurance coverage at the time of the termination.

Payments Under The Perrigo Employee Severance Programme, Ireland

On November 1, 2022 The Perrigo Employee Severance Programme, Ireland ("The Severance Programme") was amended and approved for a further period of three years. The broad-based severance programme provides that, upon a qualifying termination of employment, both within or not within two years following a change in control as defined in the U.S. severance policies, an eligible named executive officer, would receive a discretionary ex-gratia payment in the amount of 2.5 times the sum of the executive officer's base compensation and target annual bonus for the year in which the severance date occurs.

#### PERRIGO•2025 PROXY STATEMENT55
Potential Payments Upon Termination or Change-in-Control

In addition, the NEO would receive statutory entitlements, notice or payment in lieu of notice, accrued holiday pay, individual pension advice from Mercer, our outplacement service provider, and the ability to continue health insurance on an individual membership at the NEO's own cost.

#### 56PERRIGO•2025 PROXY STATEMENT
| Talent & Compensation Committee Report |

Talent & Compensation Committee Report The TCC of our Board of Directors consists of five directors, each of whom is independent, as defined under SEC rules and the NYSE standards. The TCC has reviewed and discussed the Compensation Discussion and Analysis with management. Based on the review and discussions, the TCC recommended to the Board of Directors that the “Compensation Discussion and Analysis” be included in this proxy statement and incorporated