Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 35

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 35
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 Shares.                                                                                                                                                                                                                                                                                                        
 xNo pledging— Our anti-pledging policy prohibits officers, directors and employees from holding our securities in a margin account where the securities are subject to margin sales or pledging our securities as loan collateral. The anti-pledging policy exempts any margin accounts in existence at the time the policy was adopted by the Company. None of our NEOs or directors holds our securities in margin accounts subject to margin sales or pledging as loan collateral. 
 xNo repricing of underwater options— Repricing of stock options is expressly prohibited by our Omnibus Plan.                                                                                                                                                                                                                                                                                                                                                                          
 xNo excessive perquisites.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | xNo excise tax gross-ups— We have not entered into agreements providing any gross-up of any excise tax payable by an executive of the Company triggered as a result of a change in control severance payment under Sections 280G and 4999 of the Internal Revenue Code (the “Code”). 
 xNo single trigger vesting or payments— We do not provide for “single trigger” equity award vesting or other “single trigger” payments or benefits upon a change in control.                                                                                                         
 xNo dividend or dividend equivalents on unearned incentive awards.                                                                                                                                                                                                                   
 xNo supplemental executive retirement plan— Executives are only eligible to participate in our tax-qualified Retirement Savings Plan that is provided on the same terms to all employees.                                                                                            
 xNo automatic or guaranteed annual salary increases.                                                                                                                                                                                                                                 |

| 38 |

TABLE OF CONTENTS

Compensation Process

|                                                                                                                                                                                                                                                                                                            |     | Role of the Talent and 
 Compensation Committee |
| Our Board’s Talent and Compensation Committee, which is comprised entirely of independent directors:                                                                                                                                                                                                       
 +is responsible for implementing, monitoring, and evaluating our executive compensation philosophy and objectives and oversees the compensation program for our senior executives;                                                                                                                         
 +reviews and approves, or recommends to the independent directors of the Board for approval, all components of executive pay, and reports its decisions to the Board; and                                                                                                                                  
 +reviews or approves matters related to executive compensation on an as-needed basis.                                                                                                                                                                                                                      
 The Talent and Compensation Committee’s responsibilities and authority are described fully in the Talent and Compensation Committee’s charter, which is available on our website atwww.bausch.com(under the tab “Investors” and under the subtab “Corporate Governance — Corporate Governance Documents”). |     |                        |

|                                                                                                                                                                                                                                                                                              |     | Role          
 of Management |
| Our CEO                                                                                                                                                                                                                                                                                      
 +makes recommendations