Company: PRGO
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0000950170-25-035751
Chunk: 57

Company: PERRIGO Co plc
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 57
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. Quinn, are covered by our U.S. Severance Policy, and our Change in Control Severance Policy for U.S. Employees. These plans and policies may require us to provide compensation to these officers in the event of a termination of employment or a change-in-control of Perrigo. Mr. Lockwood-Taylor's agreement provides that he would receive compensation under his respective employment agreement in the event of a termination of employment or a change-in-control of Perrigo; however, any severance benefits payable under his agreement will only occur in the event of a termination of employment that, when following a change-in-control of Perrigo, results in a “double trigger” for severance benefits. The TCC retains discretion to provide additional benefits to executive officers upon termination or resignation if it determines the circumstances so warrant. The following table sets forth the expected benefits to be received by each current NEO, in addition to the amounts shown in the Non-Qualified Deferred Compensation 2024 table on page 45 in the event of termination resulting from various scenarios and assuming a termination date of December 31, 2024, the last business day of 2024, and a stock price of $32.18, our closing stock price on that date. For Ms. Hanson and Ms. Quinn, this table shows actual benefits received upon the termination of their employment in September 2024 and July 2024 respectively. Assumptions and explanations of the numbers included in the table below are set forth in the footnotes to, and in additional text following, the table. Assumptions and explanations of the numbers included in the table below are set forth in the footnotes to, and in additional text following, the table.

#### PERRIGO•2025 PROXY STATEMENT50
Potential Payments Upon Termination or Change-in-Control

| Name and Benefits                  |  Change in 
 Control(1) 
        ($) |   |            Death, 
       Disability, 
 Retirement(2) ($) |     | Termination  
 for Cause or 
 Without Good 
 Reason ($)   |     |      Termination 
 Without Cause or 
         for Good 
    Reason(3) ($) |     |     Involuntary 
 Termination for 
        Economic 
  Reasons(3) ($) |
| Patrick Lockwood-Taylor            |            |   |                   |     |              |     |                  |     |                 |
| Cash                               |  5,280,000 |   |         1,440,000 |     | —