Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 78

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 78
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 business with the Company. |

| + | Serving as a director, officer, employee, consultant, advisor, or in any other capacity for any business or other organization with which Bausch + Lomb currently (or potentially) has a business relationship. |

| + | Employees may serve on profit and non-profit boards of directors, but this must be disclosed and authorized by the Conflict-of-Interest Committee. |

| + | Engaging in an outside activity with an individual, business or organization which currently (or potentially) has a competitive or business relationship with the Company. |

| + | Taking opportunities that are discovered through the use of corporate property, information or position for personal gain. |

| + | Employment or service with any government entity that regulates or oversees the Company’s activities. |

| + | Outside employment which conflicts or might be reasonably expected to conflict with the normal duties of the director or employee. |

We define related-party transactions as transactions and series of similar transactions to which we were a party or will be a party, in which the amounts involved exceeded or will exceed $120,000 and any of our directors, executive officers or beneficial holders of more than 5% of any class of our capital stock (each, a “related-party”) had or will have a direct or indirect material interest. In April 2025, the Company terminated an arrangement with its controlling shareholder, BHC, providing for an indemnification by BHC of the Company with respect to certain indebtedness under the Master Separation Agreement. BHC paid the Company $14.7 million to offset such indebtedness (including principal and interest to maturity). Since January 1, 2024, the Company has not entered into any other related party transactions. Agreements between BHC and the Company In connection with our IPO, the Company and BHC entered into certain agreements that provide a framework for the Company’s ongoing relationship with BHC. Of the agreements summarized below, the material agreements are filed as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC and on SEDAR+ on February 19, 2025. These summaries are qualified in their entirety by reference to the full text of such agreements.

| 2025 PROXY STATEMENT67 |

TABLE OF CONTENTS Master Separation Agreement We entered into a master separation agreement (the “Master Separation Agreement”) with BHC that, together with the other agreements summarized below, governs the relationship between BHC