EXHIBIT (10)-y

As restated by the Committee on Management
of the Board of Directors on July 31, 1996
Amended on January 1, 2000
Amended on December 1, 2003

EXECUTIVE DEFERRED COMPENSATION PLAN

|1.  | Introduction                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | The Executive Deferred Compensation Plan (the "Plan") provides the opportunity for executives of Bausch & Lomb Incorporated (the "Company") to defer all or part of their compensation as follows:                                                                                                                                                                                                                                                                              
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.  | Restatement, Effective Date                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    | This Plan is a restatement of the Company's Executive Deferred Compensation Plan dated February 25, 1992, as amended (the "1992 Plan"). The effective date of the Plan is January 1, 1997 (the "Effective Date"). It covers eligible compensation earned after the Effective Date and deferred hereunder as well as all monies previously deferred under the 1992 Plan.                                                                                                         
|3.  | Eligibility                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    | Commencing on the Effective Date, the Plan is available to all U.S. employees in the senior executive and executive bands and officers of the Company. Compensation deferred under the 1992 Plan by employees who are no longer eligible to defer compensation under this Plan will nonetheless be subject to the terms of this Plan; provided that no modification of the 1992 Plan effected by this Plan shall adversely affect such employees' deferrals under the 1992 Plan.
|4.  | Amount of Deferral                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|5.  | Time of Deferral Election                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|6.  | Deferral Election                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | h)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|7.  | Deferred Compensation Investment Accounts                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|8.  | Payment of Deferred Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | h)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|9.  | Fail-Safe Provision Plan                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|10. | Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | The Treasurer of the Company, as the designee of the Compensation Committee of the Board of Directors, shall be the Plan Administrator and has the authority to control and manage the operation and administration of the Plan. The Investment Committee shall be the Investment Committee of Bausch & Lomb Incorporated.                                                                                                                                                      
|11. | Assignability                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    | No right to receive payments under the Plan is transferable or assignable by a participant except by will or by the laws of descent and distribution.                                                                                                                                                                                                                                                                                                                           
|12. | Business Days                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    | In the event any date specified falls on a Saturday, Sunday, or holiday, such date will be deemed to refer to the next business day thereafter.                                                                                                                                                                                                                                                                                                                                 
|13. | Amendment                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | The Plan may at any time or from time to time be amended, modified, or terminated by the Board of Directors or the Compensation Committee of the Board of Directors of the Company. No such amendment, modification, or termination will, without the consent of the participant, adversely affect the participant's accruals in his or her deferred compensation account.                                                                                                      

BAUSCH & LOMB INCORPORATED



By/s/ David R. Nachbar
David R. Nachbar
Corporate Senior Vice President
Human Resources

Dated:	31st of December, 2003