Company: STAA
Filing Date: 2025-08-29
Form Type: PREM14A
Source: 0001193125-25-192889
Chunk: 105

Company: STAAR SURGICAL CO
Filing Date: 2025-08-29
Form: PREM14A
Chunk 105
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 executive officers that would vest assuming that the Merger occurs on August 27, 2025, see “—Quantification of Payments and Benefits to STAAR’s Named Executive Officers” below. We estimate that the aggregate
value of unvested equity awards held by all non-employee directors of STAAR that would vest assuming that the Merger occurs on August 27, 2025 is $2,553,676, calculated based on the Merger Consideration
of $28.00 per share.

Employment Agreement

STAAR is party to an employment agreement with Mr. Farrell. Under the employment agreement, in the event of a termination without cause
within 12 months following a change in control or for good reason within 18 months following a change in control, Mr. Farrell would be entitled to the following severance payments and benefits: (a) 24 months of base salary; (b) an
amount equal to his bonus, if any, for the year prior to termination; (c) an amount equal to his target bonus for the year of termination; (c) reimbursement of group health coverage premiums for 24 months; and (d) accelerated vesting
of all outstanding equity or other incentive compensation awards. The foregoing severance payments and benefits are generally subject to Mr. Farrell’s execution and nonrevocation of a release of claims.

Change in Control Agreements

STAAR is party to a change in control agreement with each of its executive officers (other than Mr. Farrell). Under each change in control
agreement, in the event of a termination without cause within 12 months following a change in control or for good reason within 15 months following a change in control, the executive generally would be entitled to the following severance payments
and benefits: (a) 12 months of base salary; (b) target bonus; (c) continued group health coverage for 12 months at the same expense to the executive as before termination; and (d) the greater of (x) the annual bonus earned
in the preceding year prorated based on the number of days employed during the year of termination and (y) the bonus accrued for the year of termination. The foregoing severance payments and benefits are generally subject to the
executive’s execution and nonrevocation of a release of claims.

Pursuant to the terms of the employment agreement with
Mr. Farrell and the change in control agreements with each of our other executive officers, if payments to an executive under the applicable