Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 39

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 39
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 increases have been approved for 2025: Dr. Hashad’s salary will be $730,000 and Mr. Stewart’s salary will be $630,000. Annual Incentive Program Our 2024 annual incentive program (the “2024 AIP”) provided an opportunity for our senior executives, including our NEOs, to earn an annual incentive bonus, paid in cash, based on the achievement of certain financial targets and individual strategic priorities. 2024 AIP Opportunity The current NEOs’ annual incentive targets, as a percentage of base salary, are set forth in the table below. The annual incentive targets set forth in the table below were not changed in 2024.

| NEO                 |     | Annual           
 Incentive Target |
| Brenton L. Saunders |     | 150%             |
| Sam A. Eldessouky   |     | 80%              |
| A. Robert D. Bailey |     | 80%              |
| Dr. Yehia Hashad    |     | 80%              |
| Andrew J. Stewart   |     | 80%              |

For 2025, annual incentive targets for our NEOs have not changed from the percentages listed above, except for Mr. Saunders’ annual incentive target which, pursuant to his employment agreement, will be 200% for 2025 and beyond. 2024 AIP Design In order to continue to reinforce our high-performance culture and drive accelerated growth, we incorporated an individual performance component into the 2024 AIP for NEOs, as previously described in our 2024 proxy statement. This change was made to ensure a continued focus on our pay for performance philosophy, holding each NEO individually accountable for the strategic priorities that will deliver the most impact on the Company in the near-term and over time.

| 2025 PROXY STATEMENT41 |

TABLE OF CONTENTS

For our senior executives, including our NEOs, the 2024 AIP is calculated based on performance against pre-established financial targets approved by the Board and performance against pre-established individual strategic priorities in order to determine each NEO’s final payout. Unless threshold performance based on Company performance against these pre-established financial targets is achieved, no payout can be awarded regardless of each NEO’s performance against their individual strategic priorities.

| Bonus Target          
 (Target Bonus % X     
 December 31st Salary) |     | Funding Based on B+L 
 Financial Targets    
 (0% to 200%)         |     | Range Based on         
 Individual Performance