Document:

Exhibit (10)-v

    
      

    

     

    Exhibit
      (10)-v

     

    Effective
      January 1, 2006

     

     

    BAUSCH
      & LOMB INCORPORATED

     

    LONG
      TERM EQUITY EQUIVALENT ACCUMULATION PLAN

     

    ARTICLE
      ONE  

     

    Definitions

     

    
      	1.1  	
              “Board”
                means the Board of Directors of Bausch & Lomb
                Incorporated.

            

    

     

    
      	1.2  	
              “Change
                of Control” means a Change of Control as defined in Section 7.3 of this
                Plan.

            

    

     

    
      	1.3  	
              “Code”
                means the Internal Revenue Code of 1986, as
                amended.

            

    

     

    
      	1.4  	
              “Committee”
                or “Compensation Committee” means the Compensation Committee of the
                Board.

            

    

     

    
      	1.5  	
              “Company”
                means Bausch & Lomb
                Incorporated.

            

    

     

    
      	1.6  	
              “Company
                Stock Unit” means a hypothetical unit having a value at any time equal to
                the closing price of a share of Company Common Stock at such time.
                The
                closing price shall be unless otherwise determined by the Committee,
                the
                closing price during normal business hours for the Shares as reported
                on
                the New York Stock Exchange (or on any national securities exchange
                on
                which the Shares are then listed) for a date or, if no such price
                is
                reported for that date, the closing price on the preceding date for
                which
                such prices were reported, all as reported by such source as the
                Committee
                may select.

            

    

     

    
      	1.7  	
              “Compensation”
                means, for any calendar year, the gross remuneration (including any
                amount
                salary reduced under Code sections 125, 132(f), or 401(k)) paid to a
                Participant by the Company for personal services actually rendered
                including salary, wages, overtime, annual incentive bonuses, and
                base
                severance benefits but not including long-term incentive awards,
                suggestion awards, tuition refunds, relocation expenses, enhanced
                severance benefits or other extra remuneration of whatever nature,
                contributions made under any other employee benefit or deferred
                compensation plan, or any amount in excess of the amount permitted
                under
                Section 401(a)(17) of the Code.

            

    

     

    
      	1.8  	
              “Effective
                Date” means January 1, 2006.

            

    

     

    
      	1.9  	
              “Officer”
                means any corporate officer of the Company elected by the
                Board.

            

    

     

    
      	1.10  	
              “Participant”
                means an eligible Officer.

            

    

     

    
      	1.11  	
              “Participant
                Account” or “Account” means the hypothetical account maintained to record
                contributions awarded to a Participant plus adjustments thereto to
                reflect
                earnings (and losses) and
                withdrawals.

            

    

     

    
      	1.12  	
              “Plan”
                means this Bausch & Lomb Incorporated Long Term Equity Equivalent
                Accumulation Plan.

            

    

     

    
      	1.13  	
              “Trust”
                means any rabbi trust established by the Company for the purposes
                of
                providing funds for the Company to meet its obligations to pay benefits
                under this Plan. The rabbi trust established under the Executive
                Deferred
                Compensation Plan may be used as the Trust vehicle for both this
                Plan and
                the Executive Deferred Compensation Plan.

            

       

    

    
      	1.14  	
              “Year”
                or “Plan Year” means the calendar
                year.

            

    

     

    ARTICLE
      TWO

     

    Purpose
      of Plan

     

    
      	2.1  	
              The
                purpose of this Plan is to provide a means to attract and retain
                key
                officers and, through the award of Company Stock Units, to further
                align
                the interests of Officers with the interests of the Company’s
                shareholders.

            

    

     

    ARTICLE
      THREE

     

    Eligibility

     

    
      	3.1  	
              Any
                Officer designated in the sole discretion of the Compensation Committee,
                shall be eligible to participate in this Plan, provided that no Officer
                shall be eligible unless he or she is within a “select group of management
                or highly compensated employees” as this term is defined in Title I of
                ERISA.

            

    

     

    ARTICLE
      FOUR

     

    Awards/Contributions

     

    
      	4.1  	
              Type
                and Amount of Awards.
                Each Plan Year the Company shall, at each Participant’s election, allocate
                to his or her Account either a dollar amount equal to five percent
                of the
                Participant’s Compensation for the Year or Company Stock Units with a
                notional value of 15 percent of the Participant’s Compensation for the
                Plan Year. Company
                contributions shall be allocated to a Participant’s Account as soon as
                administratively practicable following the end of each calendar quarter,
                based on the Participant’s Compensation during such period, or more
                frequently as determined by the Company in its administration of
                the
                Plan.

            

       

    

    
      	4.2  	
              
                Vesting.
                  Cash awards shall be immediately and fully vested at all times.
                  Company
                  Stock Unit awards shall vest at the earliest of the
                  following:

              

            

       

    

    
      	§  	
              Five
                years from the first day of the calendar year to which the award
                relates;

            

    

     

    
      	§  	
              The
                Participant’s termination of employment on account of disability as
                defined under the Company’s long-term disability plan or, in the absence
                of such a plan, the Participant’s entitlement to Social Security
                disability benefits; 

            

    

     

    
      	§  	
              The
                Participant’s death; 

            

    

     

    
      	§  	
              In
                the event of the Participant’s retirement from the Company at or after age
                55, unvested Company Stock Unit Awards shall vest partially and in
                20%
                increments depending on how many years out of five have passed since
                the
                first day of the calendar year to which the award relates (such that,
                for
                example, a Participant who retires with a Company Stock Unit Award
                that
                was granted more than three but less than four years before retirement
                will be vested in 60% of that particular Company Stock Unit Award);
                or

            

    

     

    
      	§  	
              The
                Compensation Committee shall have the ability to accelerate vesting
                under
                any other circumstances in its sole
                discretion.

            

    

     

    Until
      vesting occurs under one of the foregoing events, all Company Stock Units are
      forfeitable and, if the Participant terminates employment during the period
      of
      forfeitability, all unvested Company Stock Units shall be irrevocably forfeited.
      

     

    
      	4.3  	
              
                Officer
                  Contributions.
                  Participant contributions to this Plan are neither required nor
                  permitted.

              

            

       

    

    ARTICLE
      FIVE

     

    Deferral
      of Awards 

     

    
      	5.1  	
              
                Participant
                  Elections.
                  Each Participant shall have the right to make the following elections
                  with
                  respect to Company Stock Unit (but not cash) contributions made
                  on his or
                  her behalf

              

            

       

    

    
      	·  	
              Whether
                to receive payment, adjusted for earnings and losses, if any, as
                soon as
                administratively practicable after it vests or to defer payment pursuant
                to Section 5.2 to a fixed date or to the Participant’s date of
                retirement;

            

    

     

    
      	·  	
              The
                method of deferred payment desired (i.e., equal annual installments
                or
                lump sum) and, if annual installments, the number of years of installment
                payments; and

            

    

     

    
      	·  	
              The
                designation of a beneficiary to receive any benefit payable on account
                of
                the Participant’s death.

            

    

     

    
      	5.2  	
              
                Deferral
                  Elections to follow Deferred Compensation Plan.
                  For all Participants who are initially eligible to participate
                  on the
                  Effective Date of this Plan, the elections under Section 5.1 must
                  be made
                  to the Company in writing no later than December 31, 2005, and
                  shall be
                  effective only with respect to Compensation earned after the election
                  is
                  made. Except as specified in the prior sentence with respect to
                  the timing
                  requirements for the initial election following the Effective Date,
                  all
                  deferrals of awards under this Plan shall be made in accordance
                  with the
                  terms of Sections 5 and 6 of the Company’s Executive Deferred Compensation
                  Plan whose terms are incorporated by this
                  reference.

              

            

       

    

    ARTICLE
      SIX

     

    Investment
      of Participant Accounts

     

    
      	6.1  	
              
                Earnings
                  on Accounts.
                  Company Stock Unit awards shall have earnings determined independently
                  as
                  follows. The
                  rate of return on deferred Company Stock Unit awards shall match
                  the rate
                  of return on the Company’s Common Stock. Each Company Stock Unit shall
                  have an initial value equal to the closing price of a share of
                  Company
                  Common Stock on the date, no less than once per quarter, as determined
                  by
                  the Company in its administration of the Plan, that allocated
                  contributions are converted to Company Stock Units. Its value on
                  any date
                  thereafter shall equal the value of the Company Common Stock on
                  such later
                  date. If any dividends are issued on Company Common Stock while
                  Company
                  Stock Units are held in the Plan, each unit shall be deemed to
                  generate on
                  the date dividends on Company Common Stock are paid, dividend equivalents
                  equal to the dividends on the Common Stock and the amount of such
                  dividend
                  equivalents shall be converted to additional Company Stock Units
                  based on
                  the closing price of Company Common Stock on such conversion date.
                  No
                  amounts credited to deferred Company Stock Unit accounts may be
                  transferred from these accounts to other investment accounts under
                  the
                  Plan.

              

            

       

    

    
      	6.2  	
              
                Account
                  Recordkeeping.
                  All Company Stock Unit accounts under the Plan are hypothetical.
                  The value
                  of a Participant’s Company Stock Unit Accounts will fluctuate in
                  accordance with the actual performance of Company Stock. That is,
                  earnings
                  and losses on Company Stock Unit accounts shall track changes in
                  the fair
                  market value of Company Common Stock as determined by the Compensation
                  Committee or its designee. Dividends on the imputed shares also
                  will be
                  credited to the Participant’s Company Stock Unit
                  accounts.

              

            

       

    

    ARTICLE
      SEVEN

     

    Payment
      of Benefits

     

    
      	7.1  	
              
                Normal
                  Payment Date.
                  On the payment date elected by the Participant in the deferral
                  election
                  (but in no event later than the date the Participant terminates
                  employment
                  other than for retirement after age 55, or death), the vested amount
                  credited to the Participant’s Account as of the Plan’s valuation date
                  immediately preceding the distribution date shall be payable to
                  the
                  Participant or, in the event of death, to his or her beneficiary.
                  The form
                  of payment shall be a single lump sum payment or equal annual installment
                  payments. Regardless of the form of benefit, all payments shall
                  be made in
                  cash. No benefits shall be payable in Company stock or other property.
                  The
                  value of a Participant’s Account shall be based on the hypothetical value
                  of the accumulated contributions and earnings credited to the Account
                  under ARTICLE SIX regardless of the value of any actual investments,
                  if
                  any, invested by the trustee of the Rabbi
                  Trust.

              

            

       

    

    
      	7.2  	
              
                Hardship
                  Distribution.
                  In the case of an unforeseeable emergency, the Committee shall
                  distribute
                  all or a portion of the vested portion of an Account before the
                  fixed date
                  specified in the Participant’s deferral election, but the amount of the
                  distribution shall not exceed the amount needed to relieve the
                  unforeseeable emergency. For this purpose, the Committee shall
                  determine
                  the existence of an unforeseeable emergency under such rules as
                  it may
                  establish provided that in no event shall a distribution be made
                  that
                  fails to satisfy the definition of an unforeseeable emergency as
                  set forth
                  in Code Section 409A. Currently, Section 409A defines the term
                  “unforeseeable emergency” as a severe financial hardship to the
                  Participant resulting from an illness or accident of the Participant,
                  the
                  Participant’s spouse, or a dependent (as defined in Code Section 152(a))
                  of the Participant, loss of the Participant’s property due to casualty, or
                  other similar extraordinary and unforeseeable circumstances arising
                  as a
                  result of events beyond the control of the
                  Participant.

              

            

       

    

    
      	7.3  	
              
                Change
                  of Control Distribution.
                  Upon a Change of Control (as defined below), notwithstanding a
                  Participant’s payment date with respect to any compensation deferred
                  hereunder, all amounts in a Participant’s Account (including earnings
                  credited thereto) shall be due and payable to the Participant in
                  a lump
                  sum cash payment within 15 days following the Change of Control.
                  For
                  purposes of this Plan, Change of Control shall mean an event that
                  satisfies one of the conditions in (i) through (iv) below and is
                  either a
                  “change in the ownership or effective control” or a “change in the
                  ownership of a substantial portion of the assets of the Company” as these
                  terms are defined in Code Section 409A and the regulations
                  thereunder:

              

            

       

    

    (i) 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 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 subsection (c) of this
      Section 9(h) are satisfied; or

     

    (ii) Individuals
      who, as of the date hereof, constitute the Board (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 the date hereof
      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

     

    (iii) 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 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

     

    (iv) 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.

     

    
      	7.4  	
              
                Death
                  Distribution.
                  In the case of the death of any Participant before distribution
                  of the
                  full amount of his or her Account, any remaining amounts shall
                  be
                  distributed to the Participant’s beneficiary in a single cash sum. If a
                  Participant has not designated a beneficiary, or if no designated
                  beneficiary is living on the date of distribution, then, notwithstanding
                  any provision herein to the contrary, such amounts shall be distributed
                  to
                  such Participant’s estate in a lump sum cash distribution as soon as
                  administratively feasible following such Participant’s
                  death.

              

            

       

    

    
      	7.5  	
              
                Termination
                  Distribution.
                  Notwithstanding any payout election a Participant may have made,
                  upon his
                  or her termination of employment with the Company, a Participant’s Account
                  balance shall be automatically paid in a lump sum cash payment
                  no later
                  than 60 days after the end of the Plan Year of the Participant’s
                  termination of employment; provided, however, that any Participant
                  who is
                  a Specified Employee and who incurs a termination of employment
                  with the
                  Company shall not be entitled to receive his or her Plan account
                  balance
                  under this paragraph prior to the date which is six (6) months
                  after the
                  date of his or her termination of employment (or, if earlier, his
                  or her
                  death). For purposes of the Plan, the term “Specified Employee” shall mean
                  a key employee, as defined in Code Section 416(i) (without regard
                  to
                  paragraph (5) thereof). As of the Effective Date, this section
                  defines a
                  key employee to mean an employee of the Company who, at any time
                  during
                  the Plan Year, is (1) an officer of the Company having an annual
                  compensation greater than one hundred thirty-five thousand dollars
                  ($135,000) for 2005 (indexed for inflation in future years); (ii)
                  a five
                  percent (5%) owner of the Company; or (iii) a one percent (1%)
                  owner of
                  the Company having an annual compensation from the Company of more
                  than
                  one hundred fifty thousand dollars ($150,000). Termination
                  of employment shall mean the separation of service with the Company
                  (within the meaning of Code Section 409A), voluntarily or involuntarily,
                  for any reason other than retirement, death, or authorized leave
                  of
                  absence.

              

            

       

    

    
      	7.6  	
              
                Taxes.
                  All payments made to Participants under the Plan shall be subject
                  to all
                  taxes required to be withheld under applicable laws and regulations
                  of any
                  governmental authorities.

              

            

       

    

    ARTICLE
      EIGHT

     

    Miscellaneous

     

    
      	8.1  	
              Fail
                Safe Provision.(a)This
                Section shall become operative upon the enactment of any change in
                applicable statutory law or the promulgation by the Internal Revenue
                Service of a final regulation or other pronouncement having the force
                of
                law, which statutory law, as changed, or final regulation or
                pronouncement, as promulgated, would cause any Participant to include
                in
                his or her federal gross income amounts accrued by the Participant
                under
                the Plan on a date (an "Early Taxation Event") prior to the date
                on which
                such amounts are made available to him or her hereunder; provided,
                however, that no portion of this Section shall become operative to
                the
                extent that portion would result in a violation of Section 409A (e.g.,
                by
                causing an impermissible distribution under Section
                409A).

            

    

     

    b) Notwithstanding
      any other Section of this Plan to the contrary (but subject to subsection (c),
      below), as of an Early Taxation Event, the feature or features of this Plan
      that
      would cause the Early Taxation Event shall be null and void, to the extent,
      and
      only to the extent, required to prevent the Participant from being required
      to
      include in his or her federal gross income amounts accrued by the Participant
      under the Plan prior to the date on which such amounts are made available to
      him
      or her hereunder. If only a portion of a Participant's Account is impacted
      by
      the change in the law, then only such portion shall be subject to this Section,
      with the remainder of the Account not so affected being subject to such rights
      and features as if the law were not changed. If the law only impacts
      Participants who have a certain status with respect to the Company, then only
      such Participants shall be subject to this Section.

     

    c) If
      an
      Early Taxation Event is earlier than the date on which the statute, regulation
      or pronouncement giving rise to the Early Taxation Event is enacted or
      promulgated, as applicable (i.e., if the change in the law is retroactive),
      there shall be distributed to each Participant, as soon as practicable following
      such date of enactment or promulgation, the amounts that became taxable on
      the
      Early Taxation Event. 

     

    
      	8.2  	
              Administration.
                The Treasurer of the Company, as the designee of the Compensation
                Committee, shall be the plan administrator and has the authority
                to
                control and manage the operation and administration of the Plan.
                

            

    

     

    
      	8.3  	
              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.

            

    

     

    
      	8.4  	
              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.

            

    

     

    
      	8.5  	
              Amendment.
                The Plan may at any time or from time to time be amended or modified
                by
                the Board of Directors or the Compensation Committee. No such amendment
                or
                modification will, without the consent of the Participant, adversely
                affect the Participant's accruals in his or her Participant Account.
                

            

    

     

    
      	8.6  	
              Termination.
                Although the Company anticipates that it will continue the Plan for
                an
                indefinite period of time, there is no guarantee that the Company
                will
                continue the Plan or will not terminate the Plan at any time in the
                future. Accordingly, the Company (through its Board of Directors
                or the
                Compensation Committee) reserves the right to terminate the Plan
                at any
                time. Upon a complete or partial termination of the Plan, the deferral
                elections of the affected Participants shall terminate and their
                Plan
                Account balances, determined as if they had experienced a termination
                of
                employment on the date of Plan termination, shall be immediately
                paid to
                the Participants; provided however, if immediate distribution of
                a
                Participant's account balance on termination is not permitted by
                Section
                409A, the payment of the Account balance shall be made only after
                Plan
                benefits otherwise become due hereunder.
                The
                termination of the Plan shall not adversely affect any Participant
                or
                beneficiary who has become entitled to the payment of any benefits
                under
                the Plan as of the date of termination.

            

    

     

    
      	8.7  	
              Prohibited
                Acceleration/Distribution Timing.
                This Section shall take precedence over any other provision of the
                Plan to
                the contrary. No provision of this Plan shall be followed if following
                the
                provision would result in the acceleration of the time or schedule
                of any
                payment from the Plan as would require immediate income tax to
                Participants based on the law in effect at the time the distribution
                is to
                be made, including Section 409A. In addition, if the timing of any
                distribution election would result in any tax or other penalty (other
                than
                ordinarily payable Federal, state or local income or payroll taxes),
                which
                tax or penalty can be avoided by payment of the distribution at a
                later
                time, then the distribution shall be made (or commence, as the case
                may
                be) on (or as soon as practicable after) the first date on which
                such
                distributions can be made (or commence) without such tax or
                penalty.

            

    

     

     

    IN
      WITNESS WHEREOF, the Company has caused this Plan document to be executed by
      its
      duly authorized officer this 23rd day of October, 2005.

     

    BAUSCH
      & LOMB INCORPORATED

     

    By
      /s/
      David Nachbar

    David
      Nachbar 

    Senior
      Vice President, Human ResourcesExhibit (10)-w

    
      

    

    Exhibit
      (10)-w

     

    BAUSCH
      & LOMB INCORPORATED

     

    SUPPLEMENTAL
      RETIREMENT INCOME PLAN III

     

    Amendment
      No. 2 to the 2001 Restatement

     

    Pursuant
      to Section 6.1, the Plan is amended and frozen, effective December 31, 2005,
      by
      adding to the end of ARTICLE SIX the following new Section 6.3:

     

    6.3 Freeze
      Provision.
      Effective December 31, 2005, the Plan is frozen pursuant to the following terms
      and conditions:

     

    
      	§  	
              All
                Plan benefits that have accrued as of December 31, 2005 shall be
                frozen at
                their then-accrued levels and thereafter additional benefit accruals,
                including contribution credits based on compensation paid after December
                31, 2005, shall cease. Notwithstanding the foregoing, interest credits
                shall continue to be credited on the frozen benefit accruals in such
                amount and determined in accordance with such procedures as are used
                to
                credit interest to Steady Growth Accounts under the Funded
                Plan.

            

    

     

    
      	§  	
              No
                service or compensation earned by a Participant after December 31,
                2005
                shall be taken into account in determining a Participant’s accrued benefit
                under this Plan.

            

    

     

    
      	§  	
              All
                vested accrued benefits as of December 31, 2005 shall remain vested
                and
                any unvested benefits shall vest in accordance with the Plan’s
                terms.

            

    

     

    
      	§  	
              No
                Employee not already a Participant shall be eligible to become a
                Participant on or after December 31,
                2005.

            

    

     

     

    IN
      WITNESS WHEREOF, the Company has caused its duly authorized officer to execute
      this amendment on its behalf this 23rd day of October, 2005.

     

     

    BAUSCH
      & LOMB INCORPORATED

     

    By:  /s/
      David R. Nachbar

    David
      R.
      Nachbar 

    Senior
      Vice President 

    Human
      Resources

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]