Company: STAA
Filing Date: 2025-08-29
Form Type: PREM14A
Source: 0001193125-25-192889
Chunk: 147

Company: STAAR SURGICAL CO
Filing Date: 2025-08-29
Form: PREM14A
Chunk 147
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 not be reduced from the level in effect for such continuing employee as of immediately prior to the Effective Time), (ii) employee benefits that
are substantially comparable in the aggregate to the employee benefits (excluding post-employment welfare benefits, defined benefit pension benefits, equity-based compensation and transaction or retention bonuses) provided to similarly situated
employees of Alcon or its subsidiaries and (iii) severance benefits in accordance with STAAR severance arrangements set forth in the confidential disclosure schedule.

The Merger Agreement further provides that, for purposes of vesting, eligibility to participate and benefit accrual under the Alcon employee
benefit plans in which a continuing STAAR employee participates following the Closing Date, each continuing STAAR employee shall be credited with his or her years of service with STAAR and its subsidiaries and their respective predecessors before
the Effective Time, to the same extent as such employee was entitled before the Effective Time to credit for such service under any corresponding STAAR employee benefit plan in which such employee participated immediately prior to the Effective
Time; except that such service credit will not be provided to the extent that its application would result in a duplication of benefits, for purposes of benefit accrual under any defined benefit pension plan, or for purposes of any retiree welfare
arrangement or long-term incentive arrangement.

The Merger Agreement requires the Board (or the appropriate committee thereof) to adopt
resolutions and take such corporate action as is necessary or appropriate to terminate the STAAR 401(k) plan, effective as of the day prior to the Closing Date, contingent upon the occurrence of the Closing, unless Alcon notifies STAAR in writing
not less than ten (10) business days before the Effective Time that it has determined not to terminate the STAAR 401(k) plan. If the STAAR 401(k) plan is terminated, then Alcon shall, or shall cause one of its affiliates to, have in effect an
Alcon 401(k) plan as of the Effective Time under which each regular continuing STAAR employee who is actively employed at the Closing and is not considered a temporary or contract employee shall

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be immediately eligible to participate and shall receive credit for prior service as a regular employee with STAAR and its predecessors. Such service credit shall be applied to any applicable waiting periods or vesting provisions of Alcon’s 401(k) plan. As soon as practicable following the Closing, the account balances under the STAAR 401(k) plan shall be distributed to the participants, and Alcon shall permit such