Document:

Exhibit (10)-rr

    
      

    

    Exhibit
      (10)-rr

    

    

    March
      8,
      2007

    

    

    Paul
      Howes

    1510
      East
      Avenue

    Rochester,
      NY 14610

    

    Dear
      Paul:

    

    This
      letter summarizes the terms and conditions of your separation of employment
      from
      Bausch & Lomb Incorporated (“Bausch & Lomb” or “the Company”) and your
      resignation as an officer of the Company.

    

    
      	 	
              1.

            	
              Your
                responsibilities as an executive officer of Bausch & Lomb ceased
                effective January 31, 2007 (“Transition
                Date”).

            

    

    

    
      	 	
              2.

            	
              From
                the Transition Date through June 30, 2007 (“Separation Date”) you will
                continue as an active employee of Bausch & Lomb, providing such
                services and assistance as the Company’s chief executive officer may
                reasonably request. After the Transition Date, you agree to work
                on
                special projects as requested by the chief executive officer (“Special
                Projects”). Your work on Special Projects will continue through the
                Separation Date. The Separation Date may be extended by mutual agreement
                of the parties. From the Transition Date to the Separation Date (the
                “Transition Period”), the terms and conditions of your employment will
                continue, except as expressly modified by this Agreement. You will
                not
                receive any increases in your current base salary during the Transition
                Period. You will not earn or accrue vacation time after the Separation
                Date. You will receive a lump sum payment for unused vacation time
                at your
                current base salary in the first pay period after the Separation
                Date.

            

    

    

    
      	 	
              3.

            	
              Beginning
                the day after the Separation Date and continuing until February 28,
                2008
                (the “Severance Period”), your status will be changed to that of an
                inactive employee and, subject to the terms and conditions hereof,
                Bausch
                & Lomb will pay you an amount equal to a pro-rata amount of your
                current base salary in cycled bi-weekly payments, less deductions
                required
                by law and any other payments attributable to your share of payments
                for
                any continued benefits participation for which you are eligible.
                During
                the Severance Period, you will continue to receive benefits and
                perquisites as detailed below. You expressly agree that, in view
                of the
                other benefits granted to you under this Agreement, your Severance
                Period
                will be limited to the period determined pursuant to this paragraph,
                and
                you will not receive severance pay as described in Section 3 of the
                Corporate Officer Separation Plan. In consideration of the benefits
                set
                forth in this agreement, you hereby waive any claims to any entitlements
                you may have under the Corporate Officer Separation Plan and agree
                to
                accept the benefits provided in this Agreement in lieu of any entitlement
                to benefits you may have under the Corporate Officer Separation
                Plan.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              4.

            	
              You
                will be eligible to receive your target bonus (75% of current base
                salary)
                under the AICP for 2007 subject to the Company’s performance at the level
                required to fund the bonus pool pursuant to the AICP. Any earned
                bonus for
                2007 will be paid out in 2008 subject to approval by the Compensation
                Committee of the Board of Directors. Your participation in the AICP
                shall
                be governed at all times by the terms of the Bausch & Lomb AICP plan
                documents, except as expressly modified by this
                Agreement.

            

    

    

    
      	 	
              5.

            	
              You
                will be eligible to receive an “LTI” award under the Long Term Performance
                Unit Program for the full 2004-2005 performance cycle, which award,
                if
                any, will be calculated and paid pursuant to the Long Term Performance
                Unit Program subject to approval by the Compensation Committee of
                the
                Board of Directors. As you will no longer be an officer of the Company,
                the Compensation Committee has decided, in its discretion, to waive
                the
                requirements, as set forth in Sec. 2(b)(1) of the Long Term Performance
                Unit Agreement, to permit payment of the 2004-2005 LTI Performance
                Unit
                award to you in cash. You will not be eligible to vest or otherwise
                participate in any subsequent awards under the Long Term Performance
                Unit
                Program. Your participation in the Long Term Performance Unit Program
                shall be governed at all times by the terms of the Bausch & Lomb LTI
                plan documents, except as expressly modified by this
                Agreement.

            

    

    

    
      	 	
              6.

            	
              Through
                the Separation Date, you will be eligible to vest in stock options
                under
                the Company’s 2003 Long-Term Incentive Plan, provided that all other
                conditions to vesting of such options, as set forth in the stock
                option
                agreement covering such options, are satisfied. The Compensation
                Committee
                will also accelerate the vesting date for the remaining 16,667 shares
                of
                the restricted stock award of 25,000 shares granted to you July 1,
                2003
                from July 1, 2008 and July 1 2010 to the date of execution of this
                agreement by you and the Company. All other terms of such restricted
                stock
                award remain the same. Following the Separation Date, you will not
                be
                eligible for any other vesting in stock options or restricted stock.
                A
                listing of your stock options is attached. As a participant in the
                2003
                Stock Incentive Plan who is separating from the Company, you will
                have
                ninety (90) days from the Separation Date to exercise any vested
                stock
                options. Your participation in these Plans shall be governed at all
                times
                by the terms of the Bausch & Lomb 2003 Long-Term Incentive Plan
                documents as applicable.

            

    

    

    
      	 	
              7.

            	
              You
                will not vest in the Long-Term Equity Equivalent Accumulation Plan,
                Retirement Plan/Benefits Restoration Plan or Supplemental Executive
                Retirement Plan III per the terms of the relevant Plan
                documents.

            

    

    

    
      	 	
              8.

            	
              Officer
                perquisites will continue as
                follows:

            

    

    

    	a.  	
            Financial
              Counseling. Bausch & Lomb will reimburse you up to $10,000 for
              reasonable financial planning expenses through the end of the Severance
              Period in accordance with the Corporate Officer Separation Plan. This
              reimbursement may include reasonable legal services but only to the
              extent
              such legal services are directly related to the finalization of this
              Agreement.

          

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    	b.  	
            Club
              Membership. Bausch & Lomb will continue to reimburse or pay existing
              regular dues associated with your existing club membership through
              the end
              of the Severance Period.

          

    

    	c.  	
            Outplacement.
              Bausch & Lomb will provide outplacement services pursuant to the terms
              of the Corporate Officer Separation Plan.

          

    

    	d.  	
            Automobile.
              Bausch & Lomb will continue the lease on your current automobile
              through the end of the Severance Period. The car must then be either
              returned to Bausch & Lomb or purchased by you according to the terms
              of the program.

          

    

    
      	 	
              9.

            	
              You
                may elect to continue your medical, dental and life insurance at
                active
                employee rates for the Severance Period. At the end of the Severance
                Period, you will be eligible for COBRA coverage that allows you to
                continue your current medical and dental insurance at the full premium
                rates for up to an additional 18 months. There is no COBRA eligibility
                for
                life insurance. Disability coverage and eligibility to contribute
                to
                Flexible Spending Accounts ceases on the Separation Date. There are
                no
                conversion rights for long-term disability. Upon your request, HR
                will
                provide you with more information.

            

    

    

    
      	 	
              10.

            	
              Participation
                in the Bausch & Lomb 401(k) Plan continues during the first eight (8)
                weeks of the Severance Period. During this eight-week period, you
                retain
                the full rights and privileges under the plan as you would have as
                an
                active employee (e.g. as applicable, you may continue contributing,
                and
                associated Company matching contributions continue to be deposited
                on your
                behalf). At the end of the eight week period, all contributions to
                the
                401(k) plan will cease. You may leave your money in the Bausch & Lomb
                401(k) Plan or elect a distribution at the end of the Severance Period.
                Contact Fidelity NetBenefits at www.401k.com or 1-800-835-5095 for
                account
                information or to make any future transactions. Your participation
                in the
                401(k) Plan shall be governed at all times by the terms of the Bausch
                & Lomb 401(k) Plan document.

            

    

    

    
      	 	
              11.

            	
              You
                will receive payment of your deferred compensation account within
                60 days
                of January 1, 2008, in accordance with the Bausch & Lomb Executive
                Deferred Compensation Plan. Your participation in this Plan shall
                be
                governed at all times by the terms of the Bausch & Lomb Executive
                Deferred Compensation Plan document. The investment mix can be changed
                at
                any time prior to payout by accessing the website at www.mydeferral.com.
                You will continue to receive quarterly statements. Please advise
                Corporate
                Compensation of any address
                changes.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              12.

            	
              Pursuant
                to the terms of the Corporate Officer Severance Plan and in consideration
                of the benefits to be provided to you in the Agreement and as part
                of your
                fiduciary obligations to Bausch & Lomb, you agree that through the end
                of the Severance Period and for a period of one (1) year from the
                end of
                the Severance Period, you will not, directly or indirectly, (a) compete
                with any business in which Bausch & Lomb or any of its affiliates is
                currently engaged or actively developing, (b) solicit or hire any
                employee
                of Bausch & Lomb or any of its affiliates to work for or on behalf of
                you or any business in which you serve as an employee, an officer,
                a
                director, an owner, a partner or a five percent (5%) or more shareholder,
                or (c) solicit any person who is a customer of a business conducted
                by
                Bausch & Lomb or any of its affiliates. For purposes of this
                Agreement, the phrase “compete” shall include serving as an employee, an
                officer, 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. Without limiting the foregoing,
                Bausch & Lomb may consider, on an as requested basis, modifications to
                your restrictions on competition where management of Bausch & Lomb
                believes the competitive impact on Bausch & Lomb to be minimal or
                otherwise manageable.

            

    

    

    
      	 	
              13.

            	
              As
                a result of your employment with Bausch & Lomb and as a result of your
                position as an officer of Bausch & Lomb, you are obviously privy to
                sensitive financial and strategic information, as well as trade secrets
                which are the confidential property of Bausch & Lomb, and other
                Company Information as defined below. You affirm that, as a former
                officer
                of Bausch & Lomb, you will continue to have a fiduciary obligation to
                maintain Company Information in confidence and not to disclose it
                to
                others. You will have returned or will, as of the Separation Date,
                immediately return to Bausch & Lomb all Company Information that is
                capable of being returned, including client lists, files, software,
                records, computer access codes, and instruction manuals which you
                have in
                your possession, and you agree not to keep any copies of Company
                Information. The term "Company Information" means: (i) confidential
                information, including information received from third parties under
                confidential conditions, and (ii) other technical, marketing, business,
                strategic or financial information, or information relating to personnel
                or former personnel of Bausch & Lomb, the use or disclosure of which
                might reasonably be construed to be contrary to the interest of Bausch
                & Lomb; provided, however, that the term "Company Information" shall
                not include any information that is or became generally known or
                available
                to the public other than as a direct result of a breach of this Section
                by
                you or any action by you prior to the Separation Date which would
                have
                been a breach of your obligations to Bausch & Lomb in effect at such
                time.

            

    

    

    
      	 	
              14.

            	
              You
                agree to make yourself reasonably available to Bausch & Lomb (i) for
                consultation during the Severance Period relating to work matters
                and (ii)
                at all reasonable times to respond to requests by Bausch & Lomb for
                information concerning matters involving facts or events relating
                to
                Bausch & Lomb or any of its affiliates that may be within your
                knowledge, and to assist Bausch & Lomb and its affiliates as
                reasonably requested with respect to pending and future litigations,
                arbitrations, other dispute resolutions, internal investigations
                or
                reviews, or other similar matters. Bausch & Lomb will reimburse you
                for your reasonable travel expenses and costs incurred as a result
                of your
                assistance under this Section. As you know, the bylaws of Bausch
&
                Lomb provide for your indemnification, to the fullest extent authorized
                or
                permitted by law, in the event there are claims against you arising
                out of
                your actions while an officer of Bausch & Lomb. The bylaws also
                provide for the advancement of expenses incurred in defending any
                proceeding in advance of its final disposition. This Agreement is
                not
                intended to modify or limit those rights in any
                manner.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              15.

            	
              As
                provided for in the Corporate Officer Separation Plan, by accepting
                the
                package set forth in this Agreement, and except as to the obligations
                of
                Bausch & Lomb set forth in this Agreement and under Bausch & Lomb
                Benefit Plans, you, for yourself and your heirs, administrators,
                representatives, and assigns (collectively, the "Releasors") hereby
                release and discharge Bausch & Lomb, and its former and current
                affiliates, agents, directors and employees and their successors
                and
                assigns (collectively, the "Releasees"), from any and all claims,
                causes
                of action, liability, damages and/or losses of whatever kind or nature,
                in
                law or equity, known or unknown, which the Releasors ever had, now
                have,
                or may have in the future against the Releasees from the beginning
                of time
                through the date this Agreement is countersigned by you, arising
                directly
                or indirectly out of your employment by Bausch & Lomb or as a result
                of your separation from employment, including, but not limited to,
                any and
                all claims arising under any local, state or federal employment
                discrimination law, including but not limited to the Age Discrimination
                in
                Employment Act, the Older Workers' Benefits Protection Act, Title
                VII of
                the Civil Rights Act of 1964, the Americans with Disabilities Act,
                and the
                New York Human Rights Law. In addition, as a condition to receiving
                the
                severance benefits detailed in this Agreement, you agree to execute
                the
                attached supplemental release (“Supplemental Release”), within 21 days
                after the Separation Date, thereby releasing all claims that may
                arise
                between the date this Agreement is countersigned by you and the Separation
                Date. Should you fail to execute the Supplemental Release, Bausch
&
                Lomb shall have the right to discontinue payments and benefits under
                Sections 3 and 4 and the remainder of this Agreement shall remain
                in full
                force and effect.

            

    

    

    
      	 	
              16.

            	
              You
                understand that you should consult with your attorney prior to the
                execution of this Agreement and have been given a reasonable opportunity
                to do so. You acknowledge that you understand the contents of this
                Agreement and that this Agreement is entered into freely and voluntarily
                and that it is not predicated on or influenced by any representations
                of
                Bausch & Lomb or any of its
                employees.

            

    

    

    
      	 	
              17.

            	
              You
                acknowledge you have been afforded twenty-one (21) days to review
                and
                consider this Agreement; and that such period was a reasonable period
                of
                time for you to do so.

            

    

    

    
      	 	
              18.

            	
              You
                understand that you may revoke this Agreement at any time within
                seven (7)
                days of the execution hereof, and that the Agreement will not become
                effective or enforceable until the expiration of that
                period.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              19.

            	
              You
                understand that nothing in this Agreement prevents you from filing
                a
                charge (including a challenge to the validity of this Agreement)
                with the
                Equal Employment Opportunity Commission (the “EEOC”) or participating in
                any investigation or proceeding conducted by the EEOC. However, you
                understand and agree that you are waiving any right to monetary or
                other
                individual relief as a result of any such EEOC proceedings or any
                subsequent legal action brought by the EEOC or anyone else on your
                behalf.

            

    

    

    
      	 	
              20.

            	
              Except
                as provided for in this Agreement, the compensation and benefits
                arrangements set forth in this Agreement supersede any other agreement
                between you and Bausch & Lomb, and are in lieu of any rights or claims
                that you may have with respect to severance or other benefits, or
                any
                other form of remuneration from Bausch & Lomb and its affiliates,
                other than benefits under any tax-qualified employee pension benefit
                plans
                subject to the Employee Retirement income Security Act of 1974, as
                amended.

            

    

    

    
      	 	
              21.

            	
              Except
                as required by law or regulation, neither you nor Bausch & Lomb will
                disclose or discuss the terms of this Agreement; provided, that you
                may
                disclose such terms to your financial and legal advisors and your
                spouse,
                if applicable, and Bausch & Lomb may disclose such terms to selected
                employees, advisors and affiliates on a "need to know" basis, each
                of whom
                shall be instructed by you and Bausch & Lomb, as the case may be, to
                maintain the terms of this Agreement in strict confidence in accordance
                with the terms hereof. Bausch & Lomb may also disclose the terms of
                this Agreement as required by applicable law or regulations. You
                may also
                disclose the content of your non-compete commitment to prospective
                employers, as needed.

            

    

    

    
      	 	
              22.

            	
              By
                this Agreement, you are resigning from all positions and offices
                held by
                you in Bausch & Lomb’s subsidiaries and affiliates except as expressly
                provided in this Agreement. You agree that you will, when asked,
                execute
                such further instruments and documents as are necessary to effect
                this
                resignation as to all such Bausch & Lomb subsidiaries and
                affiliates.

            

    

    

    
      	 	
              23.

            	
              You
                represent and acknowledge that, in executing this Agreement, you
                have not
                relied upon any representation or statement made by Bausch & Lomb or
                not set forth herein. This Agreement may not be amended, modified,
                terminated, or waived in any part, except by a written instrument
                signed
                by the parties.

            

    

    

    
      	 	
              24.

            	
              All
                payments made to you under this Agreement will be reduced by, or
                you will
                otherwise pay, all applicable income, employment and other taxes
                required
                to be withheld on such payments.

            

    

    

    
      	 	
              25.

            	
              The
                invalidity or unenforceability of any provision will not affect the
                validity or enforceability of any other provision of this Agreement.
                The
                terms of this Agreement are severable. If any paragraph, provision
                or part
                of this Agreement is found to be unenforceable by a tribunal of competent
                jurisdiction, that paragraph, provision or part shall be treated
                as if it
                were deleted and the remaining provisions shall remain in full force
                and
                effect. The parties agree that in construing this provision, any
                tribunal
                of competent jurisdiction shall deem the unenforceable paragraph,
                provision or part deleted to the minimum extent possible, thereby
                saving
                to the greatest extent possible all paragraphs, provisions and parts
                or
                this Agreement.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              26.

            	
              Nothing
                contained in this Agreement shall be construed in any way as an admission
                by you or Bausch & Lomb of any act, practice or policy of
                discrimination or breach of contract either in violation of applicable
                law
                or otherwise. Nothing contained in this Agreement shall be construed
                as an
                admission by you that you have acted improperly or failed to perform
                your
                duties.

            

    

    

    
      	 	
              27.

            	
              This
                Agreement shall be governed by and construed in accordance with the
                laws
                of the State of New York, without regard to the principles of conflicts
                of
                law thereof, to the extent not superseded by applicable federal law.
                The
                parties hereto hereby agree that any dispute concerning formation,
                meaning, applicability or interpretation of this agreement shall
                be
                submitted to the jurisdiction of the courts of the State of New York
                (including federal courts in the State of New York), and venued in
                Monroe
                County, New York, and further agree that no other state shall have
                jurisdiction over such matters.

            

    

    

    
      	 	
              28.

            	
              You
                acknowledge and agree that Bausch & Lomb's remedy at law for any
                breach of your obligations under Sections 12, 13 and 21 of this Agreement
                would be inadequate and agree and consent that temporary and permanent
                injunctive relief may be granted in any proceeding that may be brought
                to
                enforce any provision of this Section without the necessity of proof
                of
                actual damage. With respect to any provision of Sections 12, 13 and
                21 of
                this Agreement finally determined by a court of competent jurisdiction
                to
                be unenforceable, you and Bausch & Lomb hereby agree that such court
                shall have jurisdiction to reform this Agreement or any provision
                hereof
                so that it is enforceable to the maximum extent permitted by law,
                and you
                and Bausch & Lomb agree to abide by such court’s
                determination.

            

    

    

    If
      the
      terms and conditions are agreeable to you, please indicate your acceptance
      of
      the above in the space provided below and return the enclosed copy to
      me.

    

    Sincerely,

    

    

    David
      R.
      Nachbar

    

    /s/
      David
      R. Nachbar

    

    Agreed
      to
      this 9th day of April, 2007.

    

    

    /s/
      Paul G. Howes   

    PAUL
      HOWES

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Supplemental
      Release

    

    

    I,
      Paul
      Howes, in consideration of the payments and benefits set forth in the attached
      Agreement, do hereby agree as follows:

    

    1. By
      accepting the package set forth in the attached Agreement, and except as to
      the
      obligations of Bausch & Lomb set forth in the Agreement and under Bausch
& Lomb Benefit Plans, I, for myself and my heirs, administrators,
      representatives, and assigns (collectively, the “Releasors”) hereby release and
      discharge Bausch & Lomb, and its former and current affiliates, agents,
      directors and employees and their successors and assigns (collectively, the
      “Releasees”), from any and all claims, causes of action, liability, damages
      and/or losses of whatever kind or nature, in law or equity, known or unknown,
      which the Releasors ever had, now have, or may have in the future against the
      Releasees from the beginning of time through the Separation Date, arising
      directly or indirectly out of my employment by Bausch & Lomb or as a result
      of my separation from employment, including, but not limited to, any and all
      claims arising under any local, state or federal employment discrimination
      law,
      including but not limited to the Age Discrimination in Employment Act, the
      Older
      Workers’ Benefits Protection Act, Title VII of the Civil Rights Act of 1964, the
      Americans with Disabilities Act, and the New York Human Rights Law.

    

    2. I
      understand that I should consult with an attorney prior to the execution of
      this
      Supplemental Release and I have been given a reasonable opportunity to do so.
      I
      acknowledge that I understand the contents of this Supplemental Release and
      that
      this Supplemental Release is entered into freely and voluntarily and that it
      is
      not predicated on or influenced by any representations of Bausch & Lomb or
      any of its employees not contained in the Agreement.

    

    3. I
      acknowledge that I fully understand and agree that this Supplemental Release
      may
      be pleaded by Bausch & Lomb and the other Releasees as a complete defense to
      any claim or entitlement to monetary or individual relief which may be asserted
      by me, or on my behalf, in any suit, claim, or proceeding against Bausch &
Lomb, or the other Releasees, concerning any matter occurring up to and
      including the date of the execution of this Supplemental Release.

    

    4. I
      acknowledge that I have been afforded twenty-one (21) days to review and
      consider this Supplemental Release, and that such period was a reasonable period
      of time for me to do so.

    

    5. I
      understand that I may revoke this Supplemental Release at any time within seven
      (7) days of execution hereof, and that the Supplemental Release will not become
      effective, or enforceable until the expiration of that period.

    

    6. I
      understand that nothing in this Supplemental Release prevents me from filing
      a
      charge (including a challenge to the validity of this Agreement) with the Equal
      Employment Opportunity Commission (the “EEOC”) or participating in any
      investigation or proceeding conducted by the EEOC. However, I understand and
      agree that I am waiving any right to monetary or other individual relief as
      a
      result of any such EEOC proceedings or any subsequent legal action brought
      by
      the EEOC or anyone else on my behalf.

    

     

    /s/
      Paul
      G. Howes

    __________________________

    Paul
      HowesExhibit (10)-ss

    
      

    

    Exhibit
      (10)-ss

    

    

    

    February
      14, 2007

    

    John
      Loughlin

    Orchid
      Beach Club #802A

    2050
      Benjamin Franklin Drive

    Sarasota,
      FL 34236

    

    Dear
      John:

    

    This
      letter summarizes the terms and conditions of your retirement from Bausch &
Lomb Incorporated (“Bausch & Lomb” or “the Company”) and when counter-signed
      by you, constitutes the agreement between you and the Company regarding your
      retirement (“Agreement”).

    

    
      	
              1.

            	
              Your
                active employment with Bausch & Lomb ceases effective February 28,
                2007 (“Separation Date”). You will not earn or accrue any vacation time
                for 2007.

            

    

    

    
      	
              2.

            	
              On
                March 1, 2007 Bausch & Lomb will make a lump sum severance payment to
                you which is equal to twelve months of your current base salary,
                less
                deductions required by (i) law, (ii) the amount which you will owe
                the
                Company upon completion of the 2005 Tax Equalization Calculation
                pursuant
                to the Global Services Plan (estimated at approximately $45,000 for
                2005),
                and (iii) your share of any other payments attributable to any continued
                benefits participation for which you are
                eligible.

            

    

    

    
      	
              3.

            	
              You
                will not receive a bonus under the Annual Incentive Compensation
                Plan
                (“AICP”) for 2005. You will be eligible to receive a bonus in an amount
                equal to 53.9% of your target under the AICP for 2006, based on
                performance against defined Company and business unit objectives
                and
                subject to (i) final confirmation by the Compensation Committee of
                the
                Company’s performance at the level required to fund the bonus pool
                pursuant to the AICP and (ii) a final determination by the Compensation
                Committee of the amount of your bonus. Any earned bonus for 2006
                will be
                paid out pursuant to the AICP. You hereby waive any claims to a bonus
                for
                2007 under the AICP and agree to accept the arrangement set forth
                in this
                Agreement in lieu of any entitlement you may have under the AICP
                for 2007.
                Your participation in the AICP shall be governed at all times by
                the terms
                of the Bausch & Lomb Plan documents, except as expressly modified by
                this Agreement.

            

    

    

    
      	
              4.

            	
              Upon
                execution of this Letter Agreement and expiration of the period set
                forth
                in Section 17 without revocation of this Agreement by you, you will
                receive an "LTI" award in the amount of $466,480 under the Long Term
                Performance Unit Program for the full 2004-2005 performance cycle.
                You
                will not be eligible to vest or otherwise participate in any subsequent
                awards under the Long Term Performance Unit Program. Your participation
                in
                the Long Term Performance Unit Program shall be governed at all times
                by
                the terms of the Bausch & Lomb Plan documents, except as expressly
                modified by this Agreement.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              5.

            	
              Through
                the Separation Date, you will be eligible to vest in stock options
                under
                the Company’s 1990 Stock Incentive Plan and/or 2003 Long-Term Incentive
                Plan, provided that all other conditions to vesting of such options,
                as
                set forth in the stock option agreement covering such options, are
                satisfied. The Compensation Committee of the Board of Directors will
                also
                accelerate the vesting date for one third of the stock option granted
                to
                you January 31, 2005 (option for 6,333 remaining unvested shares)
                to
                February 28, 2007. All other terms of such stock option grant remain
                the
                same. Following the Separation Date, you will not be eligible for
                any
                other vesting in stock options or restricted stock. A listing of
                your
                stock options and any outstanding loans is attached. As a participant
                in
                the 1990 Stock Incentive Plan who is retiring from the Company, you
                will
                have three (3) months from the Separation Date to exercise vested
                incentive stock options and five (5) years from the Separation Date
                to
                exercise non-qualified stock options unless such incentive stock
                option or
                non-qualified stock option grant expires pursuant to its terms at
                an
                earlier date. As a participant in the Bausch & Lomb 2003 Long-Term
                Incentive Plan who is retiring from the Company, you have until the
                earlier of three years from the Retirement Date or the expiration
                of the
                end of the stated term of the option to exercise non-qualified stock
                options granted under the 2003 Plan. Your participation in these
                Plans
                shall be governed at all times by the terms of the Bausch & Lomb 1990
                Stock Incentive Plan and Bausch & Lomb 2003 Long-Term Incentive Plan
                documents as applicable.

            

    

    

    
      	
              6.

            	
              Officer
                perquisites will continue as
                follows:

            

    

    

    a. Financial
      Counseling. Bausch & Lomb will reimburse you up to $10,000 for 2007 for
      reasonable financial planning expenses pursuant to the Corporate Officer
      Separation Plan. This reimbursement may include reasonable legal services but
      only to the extent such legal services are directly related to the negotiation
      and finalization of this Agreement. Tax preparation related to your expatriate
      compensation and benefits will be provided pursuant to the Global Services
      Plan
      for repatriating employees.

    

    b. Airline
      Club Membership. Bausch & Lomb will continue to reimburse or pay existing
      regular dues associated with your airline club membership through the Separation
      Date.

    

    c. Outplacement.
      Bausch & Lomb will provide you with outplacement services as provided in the
      Corporate Officer Separation Plan.

    

    d. Relocation.
      You will receive all of the benefits of Bausch & Lomb’s Global Service
      Assignment Policy (Exhibit A). These benefits are in addition to the benefits
      provided in this Agreement.

    

    e. Automobile.
      In lieu of an automobile lease, Bausch & Lomb shall provide to you on the
      Separation Date a lump sum payment in the amount of $20,400 which the company
      would have paid for a lease through the end of 2007, less the required
      withholdings.

    

    
      	
              7.

            	
              You
                may elect to continue your medical, dental and life insurance at
                active
                employee rates through the Separation Date. After the Separation
                Date, you
                will be eligible to participate in the retiree medical program and
                the
                retiree life insurance program, and you will be eligible for COBRA
                coverage that allows you to continue your current dental insurance
                at the
                full premium rates for up to an additional 18 months. There is no
                COBRA
                eligibility for life insurance. Disability coverage ceases on the
                Separation Date. There are no conversion rights for long-term disability.
                Upon your request, HR will provide you with more
                information.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              8.

            	
              You
                are fully vested in the Bausch & Lomb Steady Growth Plan (“Steady
                Growth Plan”), Benefits Restoration Plan (“Restoration Plan”) and the
                Supplemental Executive Retirement Plan III (“SERP”). Within three (3)
                months of your Separation Date, you will receive details on payout
                options
                under the Steady Growth Plan, the Restoration Plan, and SERP from
                our
                Corporate Benefits Department. You will not vest in, or otherwise
                receive
                any benefits under, the Long-Term Equity Equivalent Accumulation
                Plan.
                Your participation in these Plans shall be governed at all times
                by the
                terms of the applicable Bausch & Lomb Plan
                documents.

            

    

    

    
      	
              9.

            	
              Participation
                in the Bausch & Lomb 401(k) Plan will end as of the Separation Date.
                You may leave your money in the Bausch & Lomb 401(k) Plan or elect a
                distribution. Contact Fidelity NetBenefits at www.401k.com or
                1-800-835-5095 for account information or to make any future transactions.
                Your participation in the 401(k) Plan shall be governed at all times
                by
                the terms of the Bausch & Lomb 401(k) Plan
                document.

            

    

    

    
      	
              10.

            	
              Your
                participation in the Deferred Compensation Plan shall be governed
                at all
                times by the terms of the Executive Deferred Compensation Plans and
                the
                Restricted Stock Deferred Compensation Plan. Deferred compensation
                accounts that you’ve elected to receive upon retirement will commence
                payment within 60 days of January 1, 2008. The investment mix can
                be
                changed at any time prior to payout by accessing the website at
                www.mydeferral.com. You will continue to receive quarterly statements.
                Please advise Corporate Compensation of any address
                changes.

            

    

    

    
      	
              11.

            	
              In
                consideration of the benefits to be provided to you in the Agreement
                and
                as part of your fiduciary obligations to Bausch & Lomb, you agree that
                for a period of one (1) year from the Separation Date, you will not,
                directly or indirectly, (a) compete with any business in which Bausch
                & Lomb or any of its affiliates is currently engaged or actively
                developing, (b) solicit or hire any employee of Bausch & Lomb or any
                of its affiliates to work for or on behalf of you or any business
                in which
                you serve as an employee, an officer, a director, an owner, a partner
                or a
                five percent (5%) or more shareholder, or (c) solicit any person
                who is a
                customer of a business conducted by Bausch & Lomb or any of its
                affiliates. For purposes of this Agreement, the phrase “compete” shall
                include serving as an employee, an officer, 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.
                Without limiting the foregoing, Bausch & Lomb may consider, on an as
                requested basis, modifications to your restrictions on competition
                where
                management of Bausch & Lomb believes the competitive impact on Bausch
                & Lomb to be minimal or otherwise
                manageable.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              12.

            	
              As
                a result of your employment with Bausch & Lomb and as a result of your
                position as an officer of Bausch & Lomb, you are obviously privy to
                sensitive financial and strategic information, as well as trade secrets
                which are the confidential property of Bausch & Lomb, and Company
                Information (as defined below). You affirm that, as a former officer
                of
                Bausch & Lomb, you will continue to have a fiduciary obligation to
                maintain Company Information in confidence and not to disclose it
                to
                others. You will have returned or will, as of the Separation Date,
                immediately return to Bausch & Lomb all Company Information that is
                capable of being returned, including client lists, files, software,
                records, computer access codes, and instruction manuals which you
                have in
                your possession, and you agree not to keep any copies of Company
                Information. The term "Company Information" means: (i) confidential
                information, including information received from third parties under
                confidential conditions, and (ii) other technical, marketing, business
                or
                financial information, or information relating to personnel or former
                personnel of Bausch & Lomb, the use or disclosure of which might
                reasonably be construed to be contrary to the interest of Bausch
&
                Lomb; provided, however, that the term "Company Information" shall
                not
                include any information that is or became generally known or available
                to
                the public other than as a direct result of a breach of this Section
                by
                you or any action by you prior to the Separation Date which would
                have
                been a breach of your obligations to Bausch & Lomb in effect at such
                time.

            

    

    

    
      	
              13.

            	
              You
                agree to make yourself reasonably available to Bausch & Lomb (i) for
                consultation through the Separation Date relating to work matters
                and (ii)
                at all reasonable times to respond to requests by Bausch & Lomb for
                information concerning matters involving facts or events relating
                to
                Bausch & Lomb or any of its affiliates that may be within your
                knowledge, and to assist Bausch & Lomb and its affiliates as
                reasonably requested with respect to pending and future litigations,
                arbitrations, other dispute resolutions, internal investigations
                or
                reviews, or other similar matters. Bausch & Lomb will reimburse you
                for your reasonable travel expenses and costs incurred as a result
                of your
                assistance under this Section. As you know, the bylaws of Bausch
&
                Lomb provide for your indemnification, to the fullest extent authorized
                or
                permitted by law, in the event there are claims against you arising
                out of
                your actions while an officer of Bausch & Lomb. The bylaws also
                provide for the advancement of expenses incurred in defending any
                proceeding in advance of its final disposition. This Agreement is
                not
                intended to modify or limit those rights in any
                manner.

            

    

    

    
      	
              14.

            	
              As
                provided for in the Corporate Officer Separation Plan, by accepting
                the
                package set forth in this Agreement, and except as to the obligations
                of
                Bausch & Lomb set forth in this Agreement and under Bausch & Lomb
                Benefit Plans, you, for yourself and your heirs, administrators,
                representatives, and assigns (collectively, the "Releasors") hereby
                release and discharge Bausch & Lomb, and its former and current
                affiliates, agents, directors and employees and their successors
                and
                assigns (collectively, the "Releasees"), from any and all claims,
                causes
                of action, liability, damages and/or losses of whatever kind or nature,
                in
                law or equity, known or unknown, which the Releasors ever had, now
                have,
                or may have in the future against the Releasees from the beginning
                of time
                through the date of this Agreement, arising directly or indirectly
                out of
                your employment by Bausch & Lomb or as a result of your separation
                from employment, including, but not limited to, any and all claims
                arising
                under any local, state or federal employment discrimination law,
                including
                but not limited to the Age Discrimination in Employment Act, the
                Older
                Workers' Benefits Protection Act, Title VII of the Civil Rights Act
                of
                1964, the Americans with Disabilities Act, and the New York Human
                Rights
                Law. In addition, as a condition to receiving certain severance benefits
                detailed in this Agreement, you agree to execute the attached supplemental
                release (“Supplemental Release”), within 21 days after the Separation
                Date, thereby releasing all claims that may arise between the date
                this
                Agreement is counter-signed by you and the Separation
                Date.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              15.

            	
              You
                understand that you should consult with your attorney prior to the
                execution of this Agreement and have been given a reasonable opportunity
                to do so. You acknowledge that you understand the contents of this
                Agreement and that this Agreement is entered into freely and voluntarily
                and that it is not predicated on or influenced by any representations
                of
                Bausch & Lomb or any of its
                employees.

            

    

    

    
      	
              16.

            	
              You
                acknowledge you have been afforded twenty-one (21) days to review
                and
                consider this Agreement; and that such period was a reasonable period
                of
                time for you to do so.

            

    

    

    
      	
              17.

            	
              You
                understand that you may revoke this Agreement at any time within
                seven (7)
                days of the execution hereof, and that the Agreement will not become
                effective or enforceable until the expiration of that
                period.

            

    

    

    
      	
              18.

            	
              You
                understand that nothing in this Agreement prevents you from filing
                a
                charge (including a challenge to the validity of this Agreement)
                with the
                Equal Employment Opportunity Commission (the “EEOC”) or participating in
                any investigation or proceeding conducted by the EEOC. However, you
                understand and agree that you are waiving any right to monetary or
                other
                individual relief as a result of any such EEOC proceedings or any
                subsequent legal action brought by the EEOC or anyone else on your
                behalf.

            

    

    

    
      	
              19.

            	
              Except
                as provided for in this Agreement, the compensation and benefits
                arrangements set forth in this Agreement supersede any other agreement
                between you and Bausch & Lomb, and are in lieu of any rights or claims
                that you may have with respect to severance or other benefits, or
                any
                other form of remuneration from Bausch & Lomb and its affiliates,
                other than benefits under any tax-qualified employee pension benefit
                plans
                subject to the Employee Retirement income Security Act of 1974, as
                amended.

            

    

    

    
      	
              20.

            	
              Except
                as required by law or regulation, neither you nor Bausch & Lomb will
                disclose or discuss the terms of this Agreement; provided, that you
                may
                disclose such terms to your financial and legal advisors and your
                spouse
                and Bausch & Lomb may disclose such terms to selected employees,
                advisors and affiliates on a "need to know" basis, each of whom shall
                be
                instructed by you and Bausch & Lomb, as the case may be, to maintain
                the terms of this Agreement in strict confidence in accordance with
                the
                terms hereof. Bausch & Lomb may also disclose the terms of this
                Agreement as required by applicable law or regulations. You may also
                disclose the content of your non-compete commitment to prospective
                employers, as needed.

            

    

    

    
      	
              21.

            	
              By
                this Agreement, you are resigning from all positions and offices
                held by
                you in Bausch & Lomb’s subsidiaries and affiliates except as expressly
                provided in this Agreement. You agree that you will, when asked,
                execute
                such further instruments and documents as are necessary to effect
                this
                resignation as to all such Bausch & Lomb subsidiaries and
                affiliates.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              22.

            	
              You
                represent and acknowledge that, in executing this Agreement, you
                have not
                relied upon any representation or statement made by Bausch & Lomb or
                not set forth herein. This Agreement may not be amended, modified,
                terminated, or waived in any part, except by a written instrument
                signed
                by the parties.

            

    

    

    
      	
              23.

            	
              All
                payments made to you under this Agreement will be reduced by, or
                you will
                otherwise pay, all applicable income, employment and other taxes
                required
                to be withheld on such payments.

            

    

    

    
      	
              24.

            	
              The
                invalidity or unenforceability of any provision will not affect the
                validity or enforceability of any other provision of this Agreement.
                The
                terms of this Agreement are severable. If any paragraph, provision
                or part
                of this Agreement is found to be unenforceable by a tribunal of competent
                jurisdiction, that paragraph, provision or part shall be treated
                as if it
                were deleted and the remaining provisions shall remain in full force
                and
                effect. The parties agree that in construing this provision, any
                tribunal
                of competent jurisdiction shall deem the unenforceable paragraph,
                provision or part deleted to the minimum extent possible, thereby
                saving
                to the greatest extent possible all paragraphs, provisions and parts
                or
                this Agreement.

            

    

    

    
      	
              25.

            	
              Nothing
                contained in this Agreement shall be construed in any way as an admission
                by you or Bausch & Lomb of any act, practice or policy of
                discrimination or breach of contract either in violation of applicable
                law
                or otherwise. Nothing contained in this Agreement shall be construed
                as an
                admission by you that you have acted improperly or failed to perform
                your
                duties.

            

    

    

    
      	
              26.

            	
              This
                Agreement shall be governed by and construed in accordance with the
                laws
                of the State of New York, without regard to the principles of conflicts
                of
                law thereof, to the extent not superseded by applicable federal law.
                The
                parties hereto hereby agree that any dispute concerning formation,
                meaning, applicability or interpretation of this agreement shall
                be
                submitted to the jurisdiction of the courts of the State of New York
                (including federal courts in the State of New York), and venued in
                Monroe
                County, New York, and further agree that no other state shall have
                jurisdiction over such matters.

            

    

    

    
      	
              27.

            	
              You
                acknowledge and agree that Bausch & Lomb's remedy at law for any
                breach of your obligations under Sections 11, 12 and 20 of this Agreement
                would be inadequate and agree and consent that temporary and permanent
                injunctive relief may be granted in any proceeding that may be brought
                to
                enforce any provision of this Section without the necessity of proof
                of
                actual damage. With respect to any provision of Sections 11, 12 and
                20 of
                this Agreement finally determined by a court of competent jurisdiction
                to
                be unenforceable, you and Bausch & Lomb hereby agree that such court
                shall have jurisdiction to reform this Agreement or any provision
                hereof
                so that it is enforceable to the maximum extent permitted by law,
                and you
                and Bausch & Lomb agree to abide by such court’s
                determination.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    If
      the
      terms and conditions are agreeable to you, please indicate your acceptance
      of
      the above in the space provided below and return the enclosed copy to
      me.

    

    Sincerely,

    

    /s/
      David
      R. Nachbar

    

    David
      R.
      Nachbar

    

    Agreed
      to
      this _19th___
      day
      of ___February___,
      2007.

    

    /s/
      John M. Loughlin_____________________

    John
      Loughlin

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Supplemental
      Release

    

    

    I,
      John
      Loughlin, in consideration of the payments and benefits set forth in the
      attached Agreement, do hereby agree as follows:

    

    1. By
      accepting the package set forth in the attached Agreement, and except as to
      the
      obligations of Bausch & Lomb set forth in the Agreement and under Bausch
& Lomb Benefit Plans, I, for myself and my heirs, administrators,
      representatives, and assigns (collectively, the “Releasors”) hereby release and
      discharge Bausch & Lomb, and its former and current affiliates, agents,
      directors and employees and their successors and assigns (collectively, the
      “Releasees”), from any and all claims, causes of action, liability, damages
      and/or losses of whatever kind or nature, in law or equity, known or unknown,
      which the Releasors ever had, now have, or may have in the future against the
      Releasees from the beginning of time through the date of this Supplemental
      Release, arising directly or indirectly out of my employment by Bausch &
Lomb or as a result of my separation from employment, including, but not limited
      to, any and all claims arising under any local, state or federal employment
      discrimination law, including but not limited to the Age Discrimination in
      Employment Act, the Older Workers’ Benefits Protection Act, Title VII of the
      Civil Rights Act of 1964, the Americans with Disabilities Act, and the New
      York
      Human Rights Law.

    

    2. I
      understand that I should consult with an attorney prior to the execution of
      this
      Supplemental Release and I have been given a reasonable opportunity to do so.
      I
      acknowledge that I understand the contents of this Supplemental Release and
      that
      this Supplemental Release is entered into freely and voluntarily and that it
      is
      not predicated on or influenced by any representations of Bausch & Lomb or
      any of its employees not contained in the Agreement.

    

    3. I
      acknowledge that I fully understand and agree that this Supplemental Release
      may
      be pleaded by Bausch & Lomb and the other Releasees as a complete defense to
      any claim or entitlement which may be asserted by me, or on my behalf, in any
      suit, claim, or proceeding against Bausch & Lomb, or the other Releasees,
      concerning any matter occurring up to and including the date of the execution
      of
      this Supplemental Release.

    

    4. I
      acknowledge that I have been afforded twenty-one (21) days to review and
      consider this Supplemental Release, and that such period was a reasonable period
      of time for me to do so.

    

    5. I
      understand that I may revoke this Supplemental Release at any time within seven
      (7) days of execution hereof, and that the Supplemental Release will not become
      effective, or enforceable until the expiration of that period.

    

    

    

    /s/
      John
      M. Loughlin    

    John
      Loughlin

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