Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 40

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 40
---
 
 (0% to 150%)           |     | Total Payout of          
 Target Bonus             
 (0% up to a cap of 250%) |

As a first step, funding is determined based on Company performance against pre-established financial targets. We utilize Adjusted EBITDA (non-GAAP) (1)and Revenues to determine funding of the 2024 AIP, since they are two of the key financial metrics our shareholders use to assess our performance. Adjusted EBITDA (non-GAAP) (1)is weighted 60% and Revenues are weighted 40%, in order to focus our NEOs on delivering top line organic growth while delivering quality earnings in alignment with the interests of our shareholders. This determines the funding based on financial targets. For our 2024 AIP, the threshold, target, and stretch performance and corresponding funding levels were as follows.

| (1) | Excludes Acquired IPR&D. Adjusted EBITDA excluding Acquired IPR&D is a non-GAAP measure. Please see Appendix B for additional information and a reconciliation of non-GAAP financial measures to the most comparable GAAP financial measures. |

Once funding is determined based on Company performance against these pre-established financial metrics, each NEO’s individual performance is assessed against pre-established individual strategic priorities. Based on this assessment, an individual multiplier between 0% and 150% is applied to determine each NEO’s final payout, with total payouts capped at 250% of target. Regardless of the level of funding based on financial metrics and the individual multiplier based on individual performance, payouts for NEOs cannot exceed 250% of their target bonus. Our Talent and Compensation Committee determines whether the financial metrics and individual strategic priorities have been achieved. In addition, it retains the discretion to reduce or eliminate payouts for individual executives, including the NEOs, even if financial metrics and individual strategic priorities are met. In making these decisions, our Talent and Compensation Committee may consider factors such as the performance of the individual executive against his or her individual strategic priorities or additional financial metrics applicable to the business or functional area for which the NEO is responsible. 2024 Financial Objectives The 2024 financial targets were based on attaining budget (to receive funding at target) or stretch targets (to receive funding above target) for Adjusted EBITDA (non-GAAP) (1)and Revenues as follows:

| (1) | Excludes Acquired IPR&D of approximately $18 million. Adjusted EBITDA excluding