0001860742-24-000008 Sample Contracts

Bausch + Lomb Corporation Share Unit Award Agreement (Performance Restricted Share Units) (2022 Omnibus Incentive Plan)
Share Unit Award Agreement • May 1st, 2024 • Bausch & Lomb Corp • Ophthalmic goods • Ontario

Bausch + Lomb Corporation (the “Company”), pursuant to Section 7(c) of the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (as amended and restated, the “Plan”), hereby awards to you a Share Unit Award in the form of performance restricted share units (“PSUs”) in the target amount set forth below that are convertible into Common Shares in accordance with the terms set forth herein (the “Award”). This Award is subject to all of the terms and conditions as set forth herein (the “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 Agreement and the Plan, the terms of the Plan shall control. For the avoidance of doubt, any terms contained in the Agreement but are not in the Plan shall not constitute a conflict and such terms in the Agreement shall control.

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BAUSCH + LOMB CORPORATION EMPLOYMENT AGREEMENT
Employment Agreement • May 1st, 2024 • Bausch & Lomb Corp • Ophthalmic goods • New Jersey

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is hereby entered into as of April 11, 2023 (the “Effective Date”), by and between Bausch + Lomb Corporation, a corporation incorporated under the laws of Canada (the “Company”), and A. Robert D. Bailey, an individual (the “Executive”) (hereinafter collectively referred to as “the parties”). Where the context requires, references to the Company shall include the Company’s subsidiaries and affiliates.

Bausch + Lomb Corporation Stock Option Grant Agreement (Nonqualified Stock Option) (2022 Omnibus Incentive Plan)
Stock Option Grant Agreement • May 1st, 2024 • Bausch & Lomb Corp • Ophthalmic goods • Ontario

Bausch + Lomb Corporation (the “Company”), pursuant to Section 7(a) of the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (as amended and restated, the “Plan”), hereby grants to you a Nonqualified Stock Option to purchase the number of Common Shares set forth below (the “Option” or the “Award”). This Award is subject to all of the terms and conditions as set forth herein (the “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 Agreement and the Plan, the terms of the Plan shall control. For the avoidance of doubt, any terms contained in the Agreement but are not in the Plan shall not constitute a conflict and such terms in the Agreement shall control. The Option is not intended to be an incentive stock option within the meaning of Section 422 of the Code.

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