Document:

Exhibit (10)-vv

    
      

    

    Exhibit
      (10)-vv

    

    RESTRICTED
      STOCK AWARD AGREEMENT PURSUANT TO

    2003
      LONG-TERM INCENTIVE PLAN

    (With
      Additional Change of Control Provisions)

    

    RESTRICTED
      STOCK AWARD AGREEMENT, by Bausch & Lomb Incorporated, a New York corporation
      (referred to hereinafter as the "Company"), dated as of the date which appears
      on the “Date of Award and Agreement” in the Award Summary attached hereto (the
“Award Summary”) in favor of the individual who appears on the Award Summary
      (the "Recipient").

    

    In
      accordance with the provisions of the Company’s 2003 Long-term Incentive Plan
      (referred to hereinafter as the "Plan"), approved by the shareholders of the
      Company on April 29, 2003, the Compensation Committee (referred to hereinafter
      as the "Committee") of the Board of Directors of the Company has authorized
      the
      execution and delivery of this Agreement (the form of which was approved by
      the
      Committee on April 10, 2007). The Award Summary contains the details of the
      awards covered by this Agreement and is incorporated herein in its
      entirety.

    

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration, the Company and Recipient agree as follows:

    

    1. Award
      of Restricted Stock.
      Subject
      to all the terms and conditions of the Plan and this Agreement, the Company
      has
      granted to Recipient as of the date set forth on the Award Summary, a restricted
      stock award of the number of shares of $.40 par value common stock of the
      Company (the “Grant”) indicated on the Award Summary (such number of shares
      being subject to adjustment as provided in Section 7 of this
      Agreement).

    

    Recipient
      acknowledges that shares issued by the Company hereunder are an award and are
      neither an option nor a sale to Recipient.

    

    2. Vesting.
      Recipient's ownership of the shares granted herein shall vest (meaning that
      the
      Restriction Period (as defined in the Plan) shall lapse) as provided in the
      Award Summary. The Recipient must be a full time, active employee of the Company
      on the Vesting Dates as indicated in the Award Summary as a condition to
      becoming vested. The vesting requirements of this Section 2 shall be waived
      automatically and the entire award granted hereunder shall be fully vested
      upon
      (i) termination of employment (a) of the Recipient by the Company other than
      for
      Cause (as defined below) or (b) by the Recipient for Good Reason (as defined
      below), in either case following a Change in Control (as defined below), or
      (ii)
      termination of employment due to death or disability. The terms “Cause” and
“Good Reason” shall have the meaning assigned to them in the Change of Control
      Employment Agreement dated __________ between the Company and the Recipient.
      The
      Committee or the Board of Directors shall determine whether authorized leave
      of
      absence shall constitute termination of employment, which determination shall
      be
      final and conclusive. Notwithstanding the foregoing:

    

    (a) This
      Grant shall not become fully vested and transferable upon a Change in
      Control;

    

    (b) If,
      in
      connection with a Change in Control, the restricted stock which is the subject
      of such grant is converted into cash, securities or other property (the “Change
      in Control Consideration”), Recipient shall have a contract right to receive
      such Change in Control Consideration provided that such payments shall only
      be
      made to Recipient on the earlier of (a) the date vesting is schedule to occur
      hereunder or (b) the date the Recipient’s employment is terminated by the
      Company without Cause or by the Recipient for Good Reason, in each case
      following the Change in Control; and

    

    (c) If
      the
      payments under Section 2(b) would otherwise be subject to tax under Section
      409A
      of the Internal Revenue Code, such payments shall not commence until six months
      after the termination date.

    

    For
      purposes of this Agreement, "Change in Control" shall mean:

    

    A. The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      “Exchange Act”) (a "Person") of beneficial ownership (within the meaning of Rule
      13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the
      then
      outstanding shares of common stock of the Company (the "Outstanding Company
      Common Stock") or (ii) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (the "Outstanding Company Voting Securities"); provided, however,
      that
      the following acquisitions shall not constitute a Change of Control: (i) any
      acquisition directly from the Company (excluding an acquisition by virtue of
      the
      exercise of a conversion privilege unless the security being so converted was
      itself acquired directly from the Company), (ii) any acquisition by the Company,
      (iii) any acquisition by any employee benefit plan (or related trust) sponsored
      or maintained by the Company or any corporation controlled by the Company,
      or
      (iv) any acquisition by any corporation pursuant to a reorganization, merger
      or
      consolidation, if, following such reorganization, merger or consolidation,
      the
      conditions described in clauses (i), (ii) and (iii) of paragraph C below are
      satisfied; or

    

    B. Individuals
      who, as of April 28, 2003, constitute the Board of Directors of the Company
      (the
      "Board" and, as of April 28, 2003, the "Incumbent Board") cease for any reason
      to constitute at least a majority of the Board; provided, however, that any
      individual becoming a director subsequent to April 28, 2003 whose election,
      or
      nomination for election by the Company's shareholders, was approved by a vote
      of
      at least a majority of the directors then comprising the Incumbent Board shall
      be considered as though such individual were a member of the Incumbent Board,
      but excluding, for this purpose, any such individual whose initial assumption
      of
      office occurs as a result of either an actual or threatened election contest
      (as
      such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
      Exchange Act) or other actual or threatened solicitation of proxies or consents
      by or on behalf of a Person other than the Board; or

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    C. Approval
      by the shareholders of the Company of a reorganization, merger, binding share
      exchange or consolidation, in each case, unless, following such reorganization,
      merger, binding share exchange or consolidation, (i) more than 60% of,
      respectively, the then outstanding shares of common stock of the corporation
      resulting from such reorganization, merger, binding share exchange or
      consolidation and the combined voting power of the then outstanding voting
      securities of such corporation entitled to vote generally in the election of
      directors is then beneficially owned, directly or indirectly, by all or
      substantially all of the individuals and entities who were the beneficial
      owners, respectively, of the Outstanding Company Common Stock and Outstanding
      Company Voting Securities immediately prior to such reorganization, merger,
      binding share exchange or consolidation in substantially the same proportions
      as
      their ownership, immediately prior to such reorganization, merger, binding
      share
      exchange or consolidation, of the Outstanding Company Common Stock and
      Outstanding Company Voting Securities, as the case may be, (ii) no Person
      (excluding the Company, any employee benefit plan (or related trust) of the
      Company or such corporation resulting from such reorganization, merger, binding
      share exchange or consolidation and any Person beneficially owning, immediately
      prior to such reorganization, merger, binding share exchange or consolidation,
      directly or indirectly, 20% or more of the Outstanding Company Common Stock
      or
      Outstanding Company Voting Securities, as the case may be) beneficially owns,
      directly or indirectly, 20% or more of, respectively, the then outstanding
      shares of common stock of the corporation resulting from such reorganization,
      merger, binding share exchange or consolidation or the combined voting power
      of
      the then outstanding voting securities of such corporation entitled to vote
      generally in the election of directors, and (iii) at least a majority of the
      members of the board of directors of the corporation resulting from such
      reorganization, merger, binding share exchange or consolidation were members
      of
      the Incumbent Board at the time of the execution of the initial agreement
      providing for such reorganization, merger, binding share exchange or
      consolidation; or

    

    D. Approval
      by the shareholders of the Company of (i) a complete liquidation or dissolution
      of the Company or (ii) the sale or other disposition of all or substantially
      all
      of the assets of the Company, other than to a corporation, with respect to
      which
      following such sale or other disposition, (a) more than 60% of, respectively,
      the then outstanding shares of common stock of such corporation and the combined
      voting power of the then outstanding voting securities of such corporation
      entitled to vote generally in the election of directors is then beneficially
      owned, directly or indirectly, by all or substantially all of the individuals
      and entities who were the beneficial owners, respectively, of the Outstanding
      Company Common Stock and Outstanding Company Voting Securities immediately
      prior
      to such sale or other disposition in substantially the same proportion as their
      ownership, immediately prior to such sale or other disposition, of the
      Outstanding Company Common Stock and Outstanding Company Voting Securities,
      as
      the case may be, (b) no Person (excluding the Company and any employee benefit
      plan (or related trust) of the Company or such corporation and any Person
      beneficially owning, immediately prior to such sale or other disposition,
      directly or indirectly, 20% or more of the Outstanding Company Common Stock
      or
      Outstanding Company Voting Securities, as the case may be) beneficially owns,
      directly or indirectly, 20% or more of, respectively, the then outstanding
      shares of common stock of such corporation and the combined voting power of
      the
      then outstanding voting securities of such corporation entitled to vote
      generally in the election of directors, and (c) at least a majority of the
      members of the board of directors of such corporation were members of the
      Incumbent Board at the time of the execution of the initial agreement or action
      of the Board providing for such sale or other disposition of assets of the
      Company.

    

    3. General
      Restriction.
      This
      award shall be subject to the requirement that if at any time the Board of
      Directors shall determine, in its discretion, that the listing, registration
      or
      qualification of the shares subject to such award upon any securities exchange
      or under any state or federal law, or the consent or approval of any government
      regulatory body, is necessary or desirable as a condition of, or in connection
      with, the granting of such award or the issue or vesting of shares thereunder,
      such award may not be effective in whole or in part unless such listing,
      registration, qualification, consent or approval shall have been effected or
      obtained free of any conditions not acceptable to the Board of
      Directors.

    

    4. Dividend
      and Voting Rights for Unvested Shares.
      Subject
      to the risk of forfeiture set forth in Section 2, the Recipient shall have
      dividend and voting rights as to unvested common shares. Recipient shall have
      all other rights as a shareholder with respect to shares covered by this award
      as such shares vest.

    

    5. Non-Transferability
      of Award.
      The
      award granted under this Agreement shall not be transferable by the Recipient
      except as may be set forth in the Plan.

    

    6. Share
      Withholding Upon Vesting.

    Recipient
      may elect to have a portion of the stock otherwise issuable to him or her upon
      vesting withheld by the Company in order to satisfy applicable federal, state
      and local withholding tax requirements, provided that such election complies
      with the following:

    

    (a) The
      election shall be submitted to the Company in writing and shall be irrevocable;
      and

    

    (b) The
      value
      of the shares subject to the withholding election shall not exceed the maximum
      marginal tax rate to which Recipient is subject in connection with the award
      granted hereunder.

    

    For
      purposes of the foregoing, the shares withheld shall be deemed to have a value
      per share equal to the fair market value of the shares on the date the tax
      liability arises.

    

    7. Recapitalization.
      In the
      event there is any recapitalization in the form of a stock dividend,
      distribution, split, subdivision or combination of shares of common stock of
      the
      Company, resulting in an increase or decrease in the number of common shares
      outstanding, there shall be a proportionate adjustment made in the number of
      shares of common stock issuable upon vesting.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8. No
      Right to Employment.

    

    (a) Benefits
      and rights provided under the Plan are wholly discretionary and, although
      provided by the Company, do not constitute regular and periodic payments. The
      benefits and rights provided under the Plan are not to be considered part of
      the
      Recipient’s salary or compensation under Recipient’s employment for purposes of
      calculating any severance, resignation, redundancy or other end of service
      payments, vacation, bonuses, long-term service awards, indemnification, pension
      or retirement benefits, or any other payments, benefits or rights of any
      kind.

    

    (b) The
      Grant
      issued hereunder, and any future Grants under the Plan are entirely voluntary,
      and at the complete discretion of the Company. Neither the Grant nor any future
      Grant by the Company shall be deemed to create any obligation to any further
      Grants, whether or not such a reservation is explicitly stated at the time
      of
      such a grant. The Company has the right, at any time and/or on an annual basis,
      to amend, suspend or terminate the Plan; provided, however, that no such
      amendment, suspension, or termination shall adversely affect the Recipient’s
      rights hereunder.

    

    (c) The
      Plan
      shall not be deemed to constitute, and shall not be construed by the Recipient
      to constitute, part of the terms and conditions of employment. The Company
      shall
      not incur any liability of any kind to the Recipient as a result of any change
      or amendment, or any cancellation, of the Plan at any time.

    

    (d) Participation
      in the Plan shall not be deemed to constitute, and shall not be deemed by the
      Recipient to constitute, an employment or labor relationship of any kind with
      the Company.

    

    9. Competing
      Work Activities.

    

    (a) Notwithstanding
      anything to the contrary contained herein or in the Plan, if Recipient
      voluntarily terminates his or her employment with the Company (other than for
      Good Reason following a Change in Control) or is terminated for misconduct
      or
      failure or refusal to perform his or her duties of employment (as determined
      by
      the Committee), and within a period of one year after such termination shall,
      directly or indirectly, engage in a competing activity (as defined below),
      Recipient shall be required to remit to the Company, with respect to any shares
      granted hereunder which become fully vested on or after the date twelve (12)
      months prior to such termination, the fair market value of such shares on the
      date of vesting. Such remittance shall be payable in cash or by certified or
      bank check or by delivery of shares of Common Stock of the Company registered
      in
      the name of the grantee duly assigned to the Company with the assignment
      guaranteed by a bank, trust company or member firm of the New York Stock
      Exchange, or by a combination of the foregoing. Any such shares so delivered
      shall be deemed to have a value per share equal to the fair market value of
      the
      shares on such date. This provision shall, however, become null and void, and
      Company's rights to any remittance under this provision automatically shall
      be
      deemed waived, upon a Change in Control (as defined in Section 2 of this
      Agreement).

    

    (b) For
      purposes of this Section, Recipient will be deemed to be "engaged in a competing
      activity" if he or she owns, manages, operates, controls, is employed by, or
      otherwise engages in or assists another to engage in any activity or business
      which competes with any business or activity of the Company in which Recipient
      was engaged or involved, or which, as of the time of Recipient's termination,
      was in a state of research or development by any such business of the
      Company.

    

    (c) Nothing
      contained in this Section shall be interpreted as or deemed to constitute a
      waiver of, or diminish or be in lieu of, any other rights the Company may
      possess as a result of Recipient's direct or indirect involvement with a
      business competing with the business of the Company.

    

    10. Amendment
      of this Agreement.
      The
      Board of Directors of the Company or the Committee may, from time to time,
      require the modification or amendment of the terms of this Agreement, including,
      without limiting the foregoing generality, the making of such amendments or
      revisions as the Board or the Committee shall deem advisable, provided, however,
      that no termination, modification or amendment of this Agreement shall, without
      the consent of the Recipient, impair his or her rights hereunder.

    

    11. Notices.
      Notices
      hereunder shall be in writing and if to the Company shall be delivered
      personally to the Secretary of the Company or mailed to its principal office,
      One Bausch & Lomb Place, Rochester, New York 14604-2701, addressed to the
      attention of the Secretary, and if to the Recipient shall be delivered
      personally or mailed to the Recipient at his or her address as the same appears
      on the records of the Company.

    

    12. Interpretation
      of this Agreement.
      All
      decisions and interpretations made by the Board of Directors or the Committee
      with regard to any question arising hereunder or under the Plan shall be binding
      and conclusive on the Company and the Recipient. In the event there is any
      inconsistency between the provisions of this Agreement and of the Plan, the
      provisions of the Plan shall govern.

    

    13. Successors
      and Assigns.
      This
      Agreement shall bind and inure to the benefit of the parties hereto and the
      successors and assigns of the Company and to the extent provided herein to
      the
      personal representatives, legatees and heirs of the Recipient.

    

    14. Severability
      and Saving Provision.
      The
      parties intend that this Agreement shall be enforced to the maximum extent
      possible. If a court of competent jurisdiction: (i) finds any provision of
      this
      Agreement to be unenforceable, that provision shall be deemed excised and the
      remainder of the Agreement shall continue in full force and effect; and (ii)
      finds any provision of this Agreement to be unenforceable by reason of its
      being
      extended for too great a period of time, over too large a geographic area,
      or
      over too great a range of activities, the Agreement shall be interpreted to
      extend over the maximum period of time, geographic range and range of activities
      as to which it may be enforceable.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    15. Tax
      Matters.

    

    (a) The
      Company shall have the power and the right to deduct or withhold, or require
      Recipient to remit to the Company, an amount sufficient to satisfy taxes imposed
      under the laws of any country, state, province, city or other jurisdiction,
      including but not limited to income taxes, capital gain taxes, transfer taxes,
      and social security contributions, that are required by law to be withheld
      with
      respect to the Grant, the sale of shares acquired by the Grant, and/or payment
      of dividends on shares acquired pursuant to the Grant.

    

    (b) Recipient
      agrees to take all steps necessary to comply with all applicable provisions
      of
      laws of any country, state, province, city or other jurisdiction in exercising
      his or her rights under the Plan and this Agreement.

    

    16. Administration
      and Compliance with Laws.

    

    (a) This
      Agreement shall be subject to all applicable laws, rules, and regulations,
      and
      to such approvals by any governmental agencies or national securities exchanges
      as may be required.

    

    (b) The
      Company is issuing the Grant(s) hereunder. Furthermore, this Agreement is not
      derived from any preexisting labor relationship between the Recipient and the
      Company, but rather from a mercantile relationship.

    

    (c) The
      Company will administer the Plan from the U.S. and New York State law and the
      Federal laws of the United States (except those provisions relating to conflicts
      of law) will govern all Grants issued under the Plan.

    

    17. Privacy.
      As a
      condition of the Grant, the Recipient consents to the collection, use, and
      transfer of personal data as described in this Section to the full extent
      permitted by and in full compliance with applicable law.

    

    (a) The
      Recipient understands that the Company holds, by means of an automated data
      file, certain personal information about the Recipient, including, but not
      limited to, name, home address and telephone number, date of birth, social
      insurance number, salary, nationality, job title, any shares or directorships
      held in the Company, details of all options or other entitlement to shares
      awarded, cancelled, exercised, vested, unvested, or outstanding in the
      Recipient’s favor, for the purpose of managing and administering the Plan
      (“Data”).

    

    (b) The
      Recipient further understands that part or all of his/her Data may be also
      held
      by the Company and/or it Subsidiaries, pursuant to a transfer made in the past
      with his/her consent, in respect of any previous Grant, which was made for
      the
      same purposes of managing and administering of previous award/incentive plans,
      or for other purposes.

    

    (c) The
      Recipient further understands that his/her local employer will transfer Data
      to
      the Company and/or its Subsidiaries among themselves as necessary for the
      purposes of implementation, administration, and management of the Recipient’s
      participation in the Plan, and that the Company and/or its Subsidiary may
      transfer data among themselves, and/or each, in turn, further transfer Data
      to
      any third parties assisting the Company in the implementation, administration,
      and management of the Plan (“Data Transferees”).

    

    (d) The
      Recipient understands that the Company and/or its Subsidiaries, as well as
      the
      Data Transferees, are or may be located in his or her country of residence
      or
      elsewhere, such as the United States. The Recipient authorizes the Company
      and/or its Subsidiaries, as well as Data Transferees to receive, possess, use,
      retain, and transfer Data in electronic or other form, for the purposes of
      implementing, administering, and managing his or her participation in the Plan,
      including any transfer of such Data, as may be required for the administration
      of the Plan and/or the subsequent holding of shares on his or her behalf, to
      a
      broker or third party with whom the shares acquired on exercise may be
      deposited.

    

    (e) The
      Recipient understands that he or she may show his/her opposition to the
      processing and transfer of his/her Data, and, may at any time, review the Data,
      request that any necessary amendments be made to it, or withdraw his or her
      consent herein in writing by contacting the Company. The Recipient further
      understands that withdrawing consent may affect his or her ability to
      participate in the Plan.

    

    18. General.
      The
      Recipient has received, and therefore has full knowledge of and understands,
      the
      terms and conditions of this Agreement. The Recipient acknowledges that copies
      of the complete rules of the Plan have also been made available to him/her
      at
      his/her work center with his/her local employer.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Company and Recipient have executed this Agreement on
      the
      day and year first set forth in the Award Summary.

    

    
      	
              RECIPIENT

               

              By:  
                      

            	
              BAUSCH
                & LOMB INCORPORATED

               

              By:     

              Jean
                F. Geisel, Secretary

            
	
               

              Name
                Printed:     

               

              Date:Exhibit (10)-ww

    
      

    

    Exhibit
      (10)-ww

    

    BAUSCH
      & LOMB INCORPORATED

    

    EMPLOYMENT
      AGREEMENT

    

    AGREEMENT
      (this “Agreement”)
      by and
      between Bausch & Lomb Incorporated, a New York corporation (the
“Company”),
      and
      Ronald L. Zarrella (the “Executive”)
      dated
      as of the 1st
      day of
      January, 2007.

    

    WHEREAS,
      the Executive currently has an employment agreement with the Company dated
      November 9, 2001 (the “Prior
      Agreement”);

    

    WHEREAS,
      the Company and the Executive now wish to enter into a new employment agreement
      as set forth herein, which shall supersede the Prior Agreement in all respects;
      and

    

    WHEREAS,
      the Company has determined that it is in the best interests of the Company
      and
      its shareholders to assure that the Company will continue to have the dedicated
      services of the Executive as provided in this Agreement.

    

    NOW,
      THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

    

    1.  Effective
      Date.
      The
“Effective
      Date”
of
      this
      Agreement shall as of January 1, 2007.

    

    2.  Employment
      Period.

    

    (a)  Term
      of Agreement.
      The
      Company hereby agrees to continue to employ the Executive, and the Executive
      hereby agrees to continue to be employed by the Company, subject to the terms
      and conditions of this Agreement, for the period commencing as of the Effective
      Date and ending on December 31, 2009 (the “Employment
      Period”).

    

    (b)  Renewal
      Terms.
      Commencing upon the expiration of the initial three-year term of this Agreement
      as provided in Section 2(a)
      hereof,
      this Agreement shall be renewed automatically for successive one year terms
      unless either party hereto gives the other party at least six months prior
      written notice of non-renewal. Each such one-year renewal term shall then be
      deemed to be the Employment Period.

    

    3.  Terms
      of Employment.
      (a) Position
      and Duties.
      (i)
      During
      the Employment Period, the Executive shall serve as Chairman of the Board of
      Directors of the Company (the “Board”),
      subject to the requirements of applicable law, and shall serve as Chief
      Executive Officer of the Company, reporting directly to the Board, with such
      authority, duties and responsibilities as are commensurate with such positions.
      During the Employment Period, the Executive shall serve on the Company’s Board,
      subject to the requirements of applicable law, and be Chairman of the Executive
      Committee of the Board.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (ii)  During
      the Employment Period, and excluding any periods of vacation and sick leave
      to
      which the Executive is entitled under the Company’s policies, the Executive
      agrees to devote his full working time and attention to the business and affairs
      of the Company as necessary to discharge the responsibilities assigned to the
      Executive hereunder, and to use the Executive’s best efforts to perform
      faithfully and efficiently such responsibilities. During the Employment Period,
      it shall not be a violation of this Agreement for the Executive to serve on
      civic, charitable, or with the prior written consent of the Board, corporate
      boards or committees, so long as such activities do not interfere with the
      performance of the Executive’s responsibilities as an employee of the Company in
      accordance with this Agreement.

    

    (b)  Compensation.
      (i) Base
      Salary.
      During
      the Employment Period, the Executive shall receive an annual base salary of
      $1.1
      million, payable in accordance with the regular payroll practices of the Company
      as in effect from time to time, but not less frequently than monthly. The
      Executive’s annual base salary shall be subject to annual review by the Board
      (or a committee thereof), and may be increased from time to time. Once Base
      Salary is increased, it may not be decreased. The Executive’s base salary as
      determined herein from time to time shall constitute “Annual
      Base Salary”
for
      purposes of this Agreement.

    

    (ii)  Annual
      Bonus.
      During
      the Employment Period, the Executive shall be eligible to receive an annual
      cash
      incentive bonus (the “Annual
      Bonus”)
      in
      accordance with the terms and conditions of the Company’s Management Incentive
      Compensation Plan, which shall include a target bonus for the Executive equal
      to
      125% of Annual Base Salary (the “Target
      Bonus”),
      upon
      the attainment of one or more pre-established performance objectives set by
      the
      Compensation Committee of the Board (the “Committee”).
      To
      the extent earned, the Annual Bonus will be paid at the customary time of annual
      bonus payments to other Company executives, subject to the Executive’s continued
      employment with the Company at the time of payment other than as expressly
      set
      forth in Subsections 5(a), (b) and (c) of this Agreement.
      Notwithstanding the foregoing, in the event that the Company is required to
      restate its financial results in respect of any fiscal year in which an Annual
      Bonus is paid to the Executive, the Executive shall be required to repay to
      the
      Company and/or forfeit the Annual Bonus (or a portion thereof) to the extent
      required by, and consistent with, Section 304 of the Sarbanes-Oxley Act of
      2002.

    

    (iii)  Long-Term
      Incentive Plan Award.
      The
      Executive shall be entitled to participate in the Company’s long-term incentive
      plan and receive performance awards thereunder as determined by the Committee,
      which shall include an award amount to be determined by the parties at a later
      date, provided however, that all of the terms and conditions of such award
      (including without limitation, the applicable performance metrics) shall be
      set
      by the Committee in its sole discretion.

    

    (iv)  Retirement
      Benefits.

    

    (A)  For
      purposes of determining the benefits for the Executive, the schedule for the
      Executive under Section 5(a) of SERP II shall be replaced with the
      following:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Age

               

            	
              Percentage
                of Final Average
                Compensation

               

            
	
              53

               

            	
              30%

               

            
	
              54

               

            	
              34%

               

            
	
              55

               

            	
              40%

               

            
	
              56

               

            	
              44%

               

            
	
              57

               

            	
              48%

               

            
	
              58

               

            	
              52%

               

            
	
              59

               

            	
              56%

               

            
	
              60

               

            	
              60%

               

            

    

    

    To
      the
      extent that this Agreement is extended beyond the initial three-year term in
      accordance with Section 2(b)
      hereof,
      the Executive shall be entitled to an additional 4% of Final Average
      Compensation for each additional year beyond age 60 (based on the Executive’s
      age at the time of termination of employment with the Company), up to a maximum
      accrued benefit under SERP II based on a threshold of 72% of Final Average
      Compensation.

    

    As
      of the
      date hereof, the Executive is currently vested in, and has an accrued benefit
      under SERP II based on a threshold of 48% of Final Average Compensation
      (including in the calculation of Final Average Compensation the Executive’s
      1999, 2000 and 2001 compensation with the Executive’s Prior Employer to the
      extent such years are applicable in the calculation of Final Average
      Compensation under SERP II), as specified in the schedule above, which benefit
      shall not be subject to potential forfeiture under Section 11 of the SERP II
      plan document but shall be subject to all other terms and conditions of SERP
      II.
      Any SERP II benefit that the Executive may accrue after the date hereof shall
      be
      subject to all terms and conditions of SERP II including, without limitation,
      Section 11 of the SERP II plan document.

    

    (B)  The
      annual pre-tax benefit payable to the Executive under SERP II shall be reduced
      by the sum of (x) the reductions provided for in Subsections 5(a)(ii) and
      5(b)(ii) of SERP II; and (y) all amounts payable to the Executive under any
      other employer’s qualified or non-qualified retirement plan(s) to the extent
      such amounts were funded by Prior Employer contributions.

    

    (C)  Defined
      terms in this Section 3(b)(iii)
      shall
      have the meanings set forth in SERP II unless otherwise defined
      herein.

    

    (v)  Other
      Employee Benefit Plans.
      During
      the Employment Period, except as otherwise expressly provided herein, the
      Executive shall be entitled to participate in all employee benefit, welfare,
      and
      other plans, practices, policies and programs applicable to senior executives
      of
      the Company.

    

    (vi)  Other
      Benefits.
      During
      the Employment Period, the Executive shall be entitled to fringe benefits and
      perquisites pursuant to applicable Company policies and practices, which shall
      be no less favorable than the fringe benefits and perquisites provided to other
      senior executives of the Company. Such benefits and perquisites shall include
      the Executive’s use of the Company’s airplane for personal matters, which
      airplane use shall be subject to an annual cap based on the incremental cost
      to
      the Company of $100,000.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (vii)  Expenses.
      During
      the Employment Period, the Executive shall be entitled to receive prompt
      reimbursement for all reasonable expenses incurred by the Executive in
      accordance with the Company’s policies.

    

    4.  Termination
      of Employment.
      (a) Death
      or Disability.
      The
      Executive’s employment shall terminate automatically upon the Executive’s death
      during the Employment Period. If the Company determines in good faith that
      a
      Disability of the Executive has occurred during the Employment Period (pursuant
      to the definition of Disability set forth below), it may give to the Executive
      written notice in accordance with Section 11(b)
      of this
      Agreement of its intention to terminate the Executive’s employment. In such
      event, the Executive’s employment with the Company shall terminate effective on
      the thirtieth day after receipt of such notice by the Executive (the
“Disability
      Effective Date”),
      provided
      that,
      within the thirty days after such receipt, the Executive shall not have returned
      to full-time performance of the Executive’s duties. For purposes of this
      Agreement, “Disability”
shall
      mean the absence of the Executive from the Executive’s duties with the Company
      on a full-time basis for 180 days in the aggregate during any 365-day period
      as
      a result of incapacity due to mental or physical illness as determined in good
      faith by the Board.

    

    (b)  Cause.
      The
      Company may terminate the Executive’s employment during the Employment Period
      with or without Cause. For purposes of this Agreement, “Cause”
shall
      mean:

    

    (i)  the
      continued failure or refusal of the Executive to perform substantially the
      Executive’s duties with the Company or to follow the lawful directives of the
      Board (in each case, other than any such failure resulting from incapacity
      due
      to physical or mental illness), within thirty days after a written demand for
      substantial performance is delivered to the Executive by the Board which
      specifically identifies the manner in which the Board believes that the
      Executive has not substantially performed the Executive’s duties;

    

    (ii)  the
      engaging by the Executive in illegal conduct, gross negligence or willful
      misconduct, in each case which is materially and demonstrably injurious to
      the
      Company;

    

    (iii)  the
      Executive’s material breach of the Company’s policies for employees or of the
      provisions of this Agreement; or

    

    (iv)  the
      Executive’s conviction of, or plea of guilty or nolo contendere
      to, a
      felony or other crime involving fraud, dishonesty or moral
      turpitude.

    

    (c)  Good
      Reason.
      The
      Executive’s employment may be terminated by the Executive with or without Good
      Reason. For purposes of this Agreement, “Good
      Reason”
shall
      mean in the absence of the written consent of the Executive:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (i)  the
      assignment to the Executive of any duties materially inconsistent with the
      Executive’s position (including titles and reporting requirements), authority,
      duties or responsibilities as contemplated by Section 3(a)
      of this
      Agreement, excluding for this purpose an isolated, insubstantial and inadvertent
      action not taken in bad faith and which is remedied by the Company promptly
      after receipt of notice thereof given by the Executive;

    

    (ii)  any
      material breach of this Agreement by the Company, including any failure by
      the
      Company to comply with any of the provisions of Section 3(b)
      of this
      Agreement, other than an isolated, insubstantial and inadvertent failure not
      occurring in bad faith and which is remedied by the Company promptly after
      receipt of notice thereof given by the Executive; or

    

    (iii)  the
      Company’s requiring the Executive to be based at any office or location more
      than 50 miles from the Company’s current headquarters or such other location
      mutually agreed to by the Company and the Executive.

    

    The
      Executive’s ability to assert Good Reason shall not be affected by the
      Executive’s physical or mental incapacity. The Executive shall provide the
      Company with a written notice detailing the specific circumstances alleged
      to
      constitute Good Reason within ninety days after the first occurrence of such
      circumstances. Otherwise, any claim of such circumstances as Good Reason shall
      be deemed irrevocably waived by the Executive.

    

    (d)  Notice
      of Termination.
      Any
      termination by the Company for Cause, or by the Executive for Good Reason,
      shall
      be communicated by Notice of Termination to the other party hereto given in
      accordance with Section 11(b)
      of this
      Agreement. For purposes of this Agreement, a “Notice
      of Termination”
means
      a
      written notice which (i) indicates the specific termination provision in this
      Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable
      detail the facts and circumstances claimed to provide a basis for termination
      of
      the Executive’s employment under the provision so indicated, and (iii) if the
      Date of Termination (as defined below) is other than the date of receipt of
      such
      notice, specifies the termination date (which date shall be not more than thirty
      days after the giving of such notice). The failure by the Executive or the
      Company to set forth in the Notice of Termination any fact or circumstance
      which
      contributes to a showing of Good Reason or Cause shall not waive any right
      of
      the Executive or the Company, respectively, hereunder or preclude the Executive
      or the Company, respectively, from asserting such fact or circumstance in
      enforcing the Executive’s or the Company’s rights hereunder in accordance with
      the terms hereof.

    

    (e)  Date
      of Termination.
      “Date
      of Termination”
means
      (i) if the Executive’s employment is terminated by the Company for Cause, or by
      the Executive for Good Reason, the date of receipt of the Notice of Termination
      or any later date specified therein within 30 days of such notice, as the case
      may be, (ii) if the Executive’s employment is terminated by the Company other
      than for Cause or Disability, the date on which the Company notifies the
      Executive of such termination, (iii) if the Executive’s employment is terminated
      by reason of death or Disability, the date of death of the Executive or the
      Disability Effective Date, as the case may be, or (iv) the date on which the
      Employment Period, including any renewal period, expires.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5.  Obligations
      of the Company
      upon
      Termination.
      (a) Good
      Reason; Without Cause.
      If,
      during the Employment Period, the Company shall terminate the Executive’s
      employment without Cause, or the Executive shall terminate the Executive’s
      employment for Good Reason, the Company shall pay or provide the Executive
      with
      the following, subject to the provisions of Sections 5(f),
      9
      and
11(d)
      hereof:

    

    (i)  within
      thirty days following the Date of Termination, a lump sum payment equal to
      any
      unpaid Annual Base Salary through the Date of Termination;

    

    (ii)  a
      lump
      sum amount equal to the product of (A) the Target Bonus payable to the Executive
      for the year in which the Date of Termination occurs, and (B) a fraction, the
      numerator of which is the number of days in the calendar year in which the
      Date
      of Termination occurs through the Date of Termination, and the denominator
      of
      which is 365,
      payable, to the extent not previously paid, at the same time bonuses for the
      year in which the Date of Termination occurs are paid to other senior executives
      of the Company
      (collectively, clauses 5(a)(i)
      and
5(a)(ii)
      hereof
      being referred to herein as the “Accrued
      Obligations”);

    

    (iii)  an
      amount
      equal to two times the sum of the Executive’s Annual Base Salary and Target
      Bonus, payable to the Executive over a two-year period in accordance with the
      regular payroll practices of the Company as in effect from time to
      time;

    

    (iv)  subject
      to (A) the Executive’s
      timely
      election of continuation coverage under the Consolidated Omnibus Budget
      Reconciliation Act of 1985, as amended (“COBRA”),
      and
      (B) the Executive’s continued copayment of premiums at the same level and cost
      to the Executive as if the Executive were an employee of the Company (excluding,
      for purposes of calculating cost, an employee’s ability to pay premiums with
      pre-tax dollars), continued participation for the Executive, the Executive’s
      spouse and the Executive’s dependents in the Company’s medical plan (to the
      extent permitted under applicable law and the terms of such plan) on the same
      basis as such benefits were provided to the Executive immediately prior to
      the
      Date of Termination for the then-remaining term of the Employment Period (but
      not to exceed eighteen months) at the Company’s expense, provided
      that the
      Executive is eligible and remains eligible for COBRA coverage; and provided,
      further,
      that in
      the event that the Executive obtains other employment that offers medical
      benefits, such continuation of coverage by the Company under this Section
5(a)(iv)
      shall
      immediately cease;
      and

    

    (v)  all
      other
      amounts or benefits which the Executive is eligible to receive prior to the
      Date
      of Termination pursuant to the terms of any plan, program, policy, practice,
      contract or agreement of the Company and its affiliated companies (such other
      amounts and benefits shall be hereinafter referred to as the “Other
      Benefits”).

    

    (b)  Death.
      If the
      Executive’s employment is terminated by reason of the Executive’s death during
      the Employment Period, this Agreement shall terminate without further
      obligations to the Executive’s legal representatives under this Agreement, other
      than (i) for payment of Accrued Obligations, and (ii) the timely payment or
      provision of Other Benefits. Accrued Obligations shall be paid to the
      Executive’s estate or beneficiary, as applicable, in a lump sum in cash within
      thirty days following the Date of Termination. With respect to the provision
      of
      Other Benefits, the term Other Benefits as utilized in this Section 5(b)
      shall
      include death benefits as in effect on the date of the Executive’s death with
      respect to senior executives of the Company and their
      beneficiaries.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)  Disability.
      If the
      Executive’s employment is terminated by reason of the Executive’s Disability
      during the Employment Period, this Agreement shall terminate without further
      obligations to the Executive, other than for (i) payment of Accrued Obligations,
      and (ii) the timely payment or provision of Other Benefits. Accrued Obligations
      shall be paid to the Executive in a lump sum in cash within thirty days
      following the Date of Termination. With respect to the provision of Other
      Benefits, the term Other Benefits as utilized in this Section 5(c)
      shall
      include, and the Executive shall be entitled after the Disability Effective
      Date
      to receive, disability and other benefits as in effect at any time thereafter
      generally with respect to senior executives of the Company.

    

    (d)  Cause;
      Other than for Good Reason.
      If the
      Executive’s employment shall be terminated by the Company for Cause or the
      Executive terminates his employment without Good Reason during the Employment
      Period, or upon expiration of the Employment Period, this Agreement shall
      terminate without further obligations to the Executive other than the obligation
      to pay or provide to the Executive (i) to the extent theretofore unpaid, any
      earned Annual Base Salary through the Date of Termination, and (ii) to the
      extent theretofore unpaid, the Other Benefits.

    

    (e)  Officer
      Separation Plan.
      The
      Executive agrees that, in the event of any termination of this Agreement or
      the
      Executive’s employment hereunder, the Executive will not receive any payment or
      benefit under the Company’s Officer Separation Plan or any successor
      plan.

    

    (f)  Release
      Requirement.
      Any and
      all amounts payable and benefits or additional rights provided pursuant to
      this
      Agreement beyond the Accrued Obligations (other than amounts described in
      Section 5(a)(ii)
      hereof)
      and the Other Benefits shall only be payable if the Executive delivers to the
      Company and does not revoke a general release of all claims in favor of the
      Company, its affiliates and other related parties (with appropriate exceptions
      for indemnification, accrued and vested benefits under tax-qualified benefit
      plans, and rights under this Agreement) in a form reasonably satisfactory to
      the
      parties
      hereto.

    

    6.  Non-exclusivity
      of Rights.
      Except
      as specifically provided in this Agreement, nothing in this Agreement shall
      prevent or limit the Executive’s continuing or future participation in any plan,
      program, policy or practice provided by the Company and for which the Executive
      may qualify. Amounts which are vested benefits or which the Executive is
      otherwise entitled to receive under any plan, policy, practice or program of
      or
      any contract or agreement with the Company or any of its affiliated companies
      at
      or subsequent to the Date of Termination shall be payable in accordance with
      such plan, policy, practice or program or contract or agreement except as
      explicitly modified by this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7.  Full
      Settlement.
      The
      Company’s obligation to make the payments provided for in this Agreement and
      otherwise to perform its obligations hereunder shall not be affected by any
      set-off, counterclaim, recoupment, defense or other claim, right or action
      which
      the Company may have against the Executive or others. In no event shall the
      Executive be obligated to seek other employment or take any other action by
      way
      of mitigation of the amounts payable to the Executive under any of the
      provisions of this Agreement or any employee benefit plan or arrangement of
      the
      Company, and, except as provided in Section 5(a)(iv)
      hereof,
      such amounts shall not be reduced whether or not the Executive obtains other
      employment.

    

    8.  Legal
      Expenses.
      If,
      with respect to any alleged failure by Company to comply with any of the terms
      of this Agreement, the Executive hires legal counsel with respect to this
      Agreement or institutes any negotiations or institutes or responds to legal
      action to assert or defend the validity of, enforce his rights under, or recover
      damages for breach of this Agreement and thereafter the Company is found in
      a
      judgment no longer subject to review or appeal to have breached this Agreement
      in any material respect, then the Company shall indemnify the Executive for
      the
      Executive’s actual reasonable expenses for attorney’s fees and disbursements.
      The Company shall reimburse the Executive for the Executive’s reasonable counsel
      fees associated with negotiation of this Agreement and directly related to
      Company proposals or changes necessary or appropriate to comply with Code
      Section 409A (as defined below) or any exemption with respect thereto, as
      contemplated in Section 11(d)(ii) of this Agreement.

    

    9.  Confidential
      Information; Noncompetition; Nonsolicitation;
      Nondisparagement.
      (a)
      The
      Executive shall hold in a fiduciary capacity for the benefit of the Company
      all
      secret or confidential information, knowledge or data relating to the Company
      or
      any of its affiliated companies, and their respective businesses, which shall
      have been obtained by the Executive during the Executive’s employment by the
      Company and which shall not be or become public knowledge (other than by acts
      of
      the Executive or representatives of the Executive in violation of this
      Agreement). After termination of the Executive’s employment with the Company,
      the Executive shall not, without the prior written consent of the Company or
      as
      may otherwise be required by law or legal process, communicate or divulge any
      such information, knowledge or data to anyone other than the Company and those
      designated by it.

    

    (b)  The
      Executive agrees that, during the Employment Period and for a period of three
      years following the Date of Termination (the “Protected
      Period”),
      the
      Executive will not, without the written consent of the Company, directly or
      indirectly, (i) compete with any business in which the Company or any of its
      affiliates is engaged or actively developing (or was engaging in or actively
      developing as of the Date of Termination), (ii) solicit any person who is a
      customer of a business conducted by the Company or any of its affiliates (or
      was
      a customer as of the Date of Termination), or (iii) induce or attempt to
      persuade any employee of the Company or any of its affiliates to terminate
      his
      or her employment relationship with the Company or any of its affiliates (or
      hire any former employee of the Company or any of its affiliates within 90
      days
      of such employee’s termination of employment). For purposes of this Agreement,
      the phrase “compete”
shall
      include serving as an employee, an officer, a consultant, a director, an owner,
      a partner or a five percent (5%) or more shareholder of any such business or
      otherwise engaging in or assisting another to engage in any such
      business.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)  The
      Executive agrees
      not to make negative comments or otherwise disparage the Company or its
      officers, directors, employees, shareholders, agents or products, in any manner
      likely to be harmful to them or their business, business reputation or personal
      reputation other than while employed by the Company, in the good faith
      performance of the Executive’s duties for the Company. The Company agrees that
      the members of the Board as of the Date of Termination will not, while serving
      as a director of the Company, make negative comments about the Executive or
      otherwise disparage the Executive in any manner that is likely to be harmful
      to
      the Executive’s business reputation. The foregoing shall not be violated by
      truthful statements in response to legal process, required governmental
      testimony or filings, or administrative or arbitral proceedings (including,
      without limitation, depositions in connection with such proceedings), and the
      foregoing limitation on the Company’s directors shall not be violated by
      statements that they in good faith believe are necessary or appropriate to
      make
      in connection with performing their duties and obligations for the
      Company.

    

    (d)  
      If it is
      determined by a court of competent jurisdiction in any state that any
      restriction in this Section 9
      is
      excessive in duration or scope or is unreasonable or unenforceable under the
      laws of that state, it is the intention of the parties that such restriction
      may
      be modified or amended by the court to render it enforceable to the maximum
      extent permitted by the laws of that state.

    

    (e)  In
      the
      event of a breach or threatened breach of this Section 9,
      the
      Executive agrees that the Company shall be entitled to injunctive relief in
      a
      court of appropriate jurisdiction to remedy any such breach or threatened
      breach. The Executive acknowledges that damages would be inadequate and
      insufficient. Any termination of the Executive’s employment or of this Agreement
      shall have no effect on the continuing operation of this Section 9.

    

    (f)  In
      the
      event of a violation by the Executive of this Section 9,
      any
      severance payments or benefits being paid to the Executive pursuant to this
      Agreement or otherwise (other than under the Change of Control Agreement (as
      defined in Section 11(e)
      hereof))
      shall immediately cease, and any severance payments or benefits previously
      paid
      or provided to the Executive shall be immediately repaid to the
      Company.

    

    10.  Successors.
      (a)
      This
      Agreement is personal to the Executive and, without the prior written consent
      of
      the Company, shall not be assignable by the Executive otherwise than by will
      or
      the laws of descent and distribution. This Agreement shall inure to the benefit
      of and be enforceable by the Executive’s legal representatives and/or
      beneficiaries.

    

    (b)  This
      Agreement shall inure to the benefit of and be binding upon the Company and
      its
      successors.

    

    (c)  The
      Company will require any successor (whether direct or indirect, by purchase,
      merger, consolidation or otherwise) to all or substantially all of the business
      and/or assets of the Company to assume expressly and agree to perform this
      Agreement in the same manner and to the same extent that the Company would
      be
      required to perform it if no such succession had taken place. As used in this
      Agreement, “Company”
shall
      mean the Company as hereinbefore defined and any successor to its business
      and/or assets as aforesaid which assumes and agrees to perform this Agreement
      by
      operation of law or otherwise. As used in this Agreement, the term “affiliates”
and
      “affiliated
      companies”
shall
      include any company controlled by, controlling or under common control with
      the
      Company.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    11.  Miscellaneous.
      (a)
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without reference to its principles of conflict of laws.
      The
      captions of this Agreement are not part of the provisions hereof and shall
      have
      no force or effect. This Agreement may not be amended or modified otherwise
      than
      by a written agreement executed by the parties hereto or their respective
      successors and legal representatives.

    

    (b)  All
      notices and other communications hereunder shall be in writing and shall be
      given by hand delivery to the other party or by registered or certified mail,
      return receipt requested, postage prepaid, addressed as follows:

    

    If
      to
      the Executive:

    

    Ronald
      L.
      Zarrella

    One
      Bausch & Lomb Place 

    Rochester,
      New York 14604

    

    If
      to
      the Company:

    

    One
      Bausch & Lomb Place 

    Rochester,
      New York 14604 

    Attention:
      General Counsel

    

    or
      to
      such other address as either party shall have furnished to the other in writing
      in accordance herewith. Notice and communications shall be effective when
      actually received by the addressee.

    

    (c)  The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this
      Agreement.

    

    (d)  (i)The
      Company may withhold from any amounts payable under this Agreement such Federal,
      state, local or foreign taxes as shall be required to be withheld pursuant
      to
      any applicable law or regulation.

    

    (ii)  The
      intent of the parties is that payments and benefits under this Agreement
and
      each
      other Company compensation and benefits arrangement in which the Executive
      is
      the sole participant (including, but not limited to, the Change of Control
      Agreement (as defined below) and SERP II) (the “Other Compensation Arrangements)
      comply with Internal Revenue Code Section 409A and the regulations and guidance
      promulgated thereunder (collectively “Code
      Section 409A”)
      to the
      extent applicable. This Agreement and each Other Compensation Arrangement shall
      be interpreted to be in compliance therewith. The Executive and the Company
      will
      cooperate in good faith in making such amendments to this Agreement and any
      Other Compensation Arrangement, as may be necessary or appropriate in order
      for
      the payment and benefits hereunder and any such Other Compensation Arrangement
      to comply with, or be exempt from Code
      Section 409A. Any such amendments shall be made in good faith and shall, to
      the
      maximum extent reasonably possible, maintain the original intent and economic
      benefit to the Executive (without any additional cost to the Company) and the
      Company of the applicable provision of the Agreement or any such Other
      Compensation Arrangement without violating the provisions of Code Section
      409A.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (iii)   Notwithstanding
      any provision to the contrary in this Agreement or in any Other Compensation
      Arrangement, if the Executive is deemed on the date of termination to be a
      “specified employee” within the meaning of that term under Code Section
      409A(a)(2)(B), then with regard to any payment or the provision of any benefit
      that is required to be delayed in compliance with Code Section 409A(a)(2)(B),
      such payment or benefit shall not be made or provided (subject to the last
      sentence of this Section 11(d)(iii))
      prior
      to the earlier of (A) the expiration of the six (6)-month period measured from
      the date of the Executive’s “separation from service” (as such term is defined
      under Code Section 409A), and (B) the date of the Executive’s death (the
“Delay
      Period”).
      Upon
      the expiration of the Delay Period, all payments and benefits delayed pursuant
      to this Section 11(d)(iii)
      (whether
      they would have otherwise been payable in a single sum or in installments in
      the
      absence of such delay) shall be paid or reimbursed to the Executive in a lump
      sum, and any remaining payments and benefits due under this Agreement or in
      any
      Other Compensation Arrangement that solely covers the Executive shall be paid
      or
      provided in accordance with the normal payment dates specified for them.
      Notwithstanding the foregoing, to the extent that the foregoing applies to
      the
      provision of any ongoing welfare benefits to the Executive that would not be
      required to be delayed if the premiums therefore were paid by the Executive,
      the
      Executive shall pay the full cost of the premiums for such welfare benefits
      during the Delay Period and the Company shall pay the Executive an amount equal
      to the amount of such premiums paid by the Executive during the Delay Period
      promptly after its conclusion.

    

    (iv)  In
      no
      event whatsoever (as a result of Sections
      11(d)(ii)
      and
11(d)(iii)
      hereof
      or otherwise) shall the Company be liable for any additional tax, interest
      or
      penalties that may be imposed on the Executive by Code Section 409A or any
      damages for failing to comply with Code Section 409A or Sections 11(d)(ii)
      and
11(d)(iii)
      hereof.

    

    (e)  This
      Agreement constitutes the entire agreement between the Company and the Executive
      and supersedes any other agreements or understandings, whether written or oral,
      between the Executive and the Company which relate to the subject matter hereof
      (including, but not limited to, the Prior Agreement, but excluding the Change
      of
      Control Employment Agreement by and between the Company and the Executive dated
      November 9, 2001 (the “Change
      of Control Agreement”)).
      In
      the event of a “change of control” (as defined in the Change of Control
      Agreement) of the Company, this Agreement shall be superseded by the Change
      of
      Control Agreement, provided
      that (i)
      any awards not yet made under Section 3
      of this
      Agreement shall be made and (ii) any amounts payable or benefits provided to
      the
      Executive under the Change of Control Agreement upon a termination of employment
      shall be adjusted so that, with regard to each of payment to be paid or benefit
      provided hereunder and under the Change of Control Agreement, the Executive
      shall receive the greatest amounts or benefits at the earliest time that such
      amounts or benefits would be paid or provided under either this Agreement or
      the
      Change of Control Agreement (had this Agreement still been in effect, and
      assuming, for this purpose, that the definition of Good Reason in the Change
      of
      Control Agreement also includes anything in the definition of Good Reason in
      this Agreement not otherwise included in the definition under the Change of
      Control Agreement); provided
      that in
      no event shall the Executive be entitled to a duplication of any amounts payable
      or benefits provided under both agreements.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (f)  The
      Company hereby agrees to indemnify the Executive and hold the Executive harmless
      to the extent provided under the By-Laws of the Company against and in respect
      of any and all actions, suits, proceedings, claims, demands, judgments, costs,
      expenses (including reasonable attorney’s fees), losses, and damages resulting
      from the Executive’s good faith performance of the Executive’s duties and
      obligations with the Company. This obligation shall survive the termination
      of
      the Executive’s employment with the Company.

    

    (g)  The
      Company shall cover the Executive under directors and officers liability
      insurance both during and, while potential liability exists, after the term
      of
      this Agreement in the same amount and to the same extent as the Company covers
      its other officers and directors.

    

    (h)  In
      the
      event of any dispute, controversy or claim between the Company and the Executive
      arising out of or relating to the interpretation, application or enforcement
      of
      this Agreement, the parties agree and consent to the personal jurisdiction
      of
      the state and local courts of Monroe County, New York and/or the United States
      District Court for the Western District of New York (collectively, the
“Agreed
      Venue”)
      for
      resolution of the dispute, controversy or claim, and that those courts, and
      only
      those courts, shall have non-exclusive jurisdiction to determine any dispute,
      controversy or claim related to, arising under or in connection with this
      Agreement. The parties also agree (i) to submit to the jurisdiction of any
      competent court in the Agreed Venue, (ii) to waive any and all defenses the
      parties may have on the grounds of lack of jurisdiction of such court,
      (iii) that neither party shall be required to post any bond, undertaking or
      other financial deposit or guarantee in seeking or obtaining such equitable
      relief, and (iv)
      not
      to commence or maintain any action, claim, cause of action or suit (in contract,
      tort or otherwise), inquiry, proceeding or investigation arising out of or
      based
      upon this Agreement or relating to the subject matter hereof or thereof other
      than before one of the courts in the Agreed Venue nor to make any motion or
      take
      any other action seeking or intending to cause the transfer or removal of any
      such action, claim, cause of action or suit (in contract, tort or otherwise),
      inquiry, proceeding or investigation to any court other than one of the courts
      in the Agreed Venue whether on the grounds of inconvenient forum or otherwise.
      Notwithstanding the foregoing, any party to this Agreement may commence and
      maintain an action to enforce a judgment of any of the courts in the Agreed
      Venue in any court of competent jurisdiction.

    

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and,
      pursuant to the authorization from the Board, the Company has caused this
      Agreement to be executed in its name and on its behalf, all as of the day and
      year first above written.

    

    

    

    
      	
              Dated:
                April 24, 2007

            	
              /s/
                Ronald L. Zarrella            

              Ronald
                L. Zarrella

            
	
               

               

               

              Dated:
                April 24, 2007

            	
               

               

               

              Bausch
                & Lomb Incorporated

            
	 	
               

               

              By:
                /s/ Jonathan S. Linen          

               

              Name: Jonathan
                S. Linen

               

              Title: Chairman
                of the Compensation Committee 

                          of
                the Board of Directors

            
	
               

               

              Dated:
                April 24, 2007

            	
               

               

              Bausch
                & Lomb Incorporated

            
	 	
               

               

              By:
                /s/ David R. Nachbar          

               

              Name: David
                R. Nachbar

               

              Title: Senior
                Vice President - Human Resources

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