0001860742-23-000008 Sample Contracts

MATCHING RESTRICTED SHARE UNIT AWARD AGREEMENT (MATCHING SHARE PROGRAM UNITS)
Restricted Share Unit Award Agreement • February 22nd, 2023 • Bausch & Lomb Corp • Ophthalmic goods • Ontario

Bausch + Lomb Corporation (the “Company”), pursuant to the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (the “Plan”), hereby awards to you a Restricted Share Unit Award in the form of matching share units (the “Matching Restricted Share Units” or the “Award”), payable in common shares of the Company, no par value (“Common Shares”), covering the number of Common Shares set forth below. This Award is subject to all of the terms and conditions as set forth herein (the “Award Agreement”) and in the Plan, which is incorporated herein in its entirety. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan. In the event of any conflict between the terms in the Award Agreement and the Plan, the terms of the Plan shall control. For the avoidance of doubt, any terms that are contained in the Award Agreement but are not in the Plan shall not constitute a conflict and such terms in the Award Agreement shall control.

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AMENDED AND RESTATED SEPARATION AGREEMENT
Separation Agreement • February 22nd, 2023 • Bausch & Lomb Corp • Ophthalmic goods

This Amended and Restated Separation Agreement (the “Agreement”) is by and between Joseph C. Papa (the “Executive”) and Bausch + Lomb Corporation, a company incorporated under the laws of Canada (the “Company”). The Company and the Executive are sometimes referred to individually herein as a “Party” and collectively as the “Parties.”

BAUSCH + LOMB CORPORATION EMPLOYMENT AGREEMENT
Lomb Corporation Employment Agreement • February 22nd, 2023 • Bausch & Lomb Corp • Ophthalmic goods • New Jersey

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is hereby entered into as of February 14, 2023 (the “Effective Date”), by and between Bausch + Lomb Corporation, a corporation incorporated under the laws of Canada (the “Company”), and Brenton L. Saunders, an individual (“Executive”) (hereinafter collectively referred to as “the parties”). Where the context requires, including, without limitation, in respect of Executive’s employer, references to the Company shall include the Company’s subsidiaries and affiliates.

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