Company: STAA
Filing Date: 2025-08-29
Form Type: PREM14A
Source: 0001193125-25-192889
Chunk: 54

Company: STAAR SURGICAL CO
Filing Date: 2025-08-29
Form: PREM14A
Chunk 54
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 at the Effective Time without payment of consideration.

STAAR RSU Awards. At the Effective Time, each STAAR RSU Award (whether or not then vested) that was granted before August 4, 2025
or that is held by a non-employee member of the Board will be canceled and the holder will be entitled to receive a cash payment equal to the product of (i) the Merger Consideration and (ii) the
total number of shares subject to such STAAR RSU Award. At the Effective Time, each STAAR RSU Award that is held by an individual other than a non-employee member of the Board and that is granted on or after
August 4, 2025 (subject to certain exceptions) will be converted into a restricted stock unit award in respect of a number of ordinary shares of Alcon equal to (a) the total number of shares subject to such STAAR RSU Award immediately
prior to the Effective Time, multiplied by (b) the RSU Exchange Ratio, and otherwise subject to the same terms and conditions as apply to such STAAR RSU Award as of immediately prior to the Effective Time.

STAAR PSU Awards. At the Effective Time, each STAAR PSU Award (whether or not then vested) will be canceled and the holder will be
entitled to receive a cash payment equal to the product of (i) the Merger Consideration and (ii) the total number of shares subject to such STAAR PSU Award immediately prior to the Effective Time, with performance deemed achieved at 160%
of the target level.

STAAR Cash Awards. At the Effective Time, each STAAR Cash Award granted before August 4, 2025 will vest
in full (to the extent unvested) and become payable. At the Effective Time, each STAAR Cash Award granted on or after August 4, 2025 will remain outstanding and continue to vest pursuant to the same terms and conditions as apply to such STAAR
Cash Award as of immediately prior to the Effective Time.

Background of the Merger

In the ordinary course of business and as part of the Board’s ongoing consideration and evaluation of STAAR’s long-term strategic
goals and plans, the Board and STAAR’s management periodically have reviewed, considered and assessed STAAR’s priorities, operations and financial performance, as well as overall industry conditions, as they may affect STAAR’s
strategic goals and plans, in order to enhance value for STAAR’s stockholders. These have included