Bausch + Lomb discloses separation terms for former EVP & General Counsel Ackermann

Bausch & Lomb Corp

Cash severance of $2,754,000 (2x base salary and target bonus) for Christina Ackermann.
Additional $280,000 lump sum and proration of founder equity awards; non-solicit extended to 24 months.
Prorated 2023 bonus based on actual performance; health coverage through second anniversary of separation.
$250,000 spinoff bonus unpaid portion and $20,000 outplacement services.

item 5.02

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Departed

Christina Ackermann

Other Named Officer

BLCO · Bausch & Lomb Corp

Filed: August 29, 2023, 7:59 PM ET

On August 25, 2023, the Company entered into a separation agreement with Ms. Ackermann (the “Separation Agreement”), pursuant to which Ms. Ackermann is entitled to receive the following payments and benefits in accordance with the existing terms of her previously disclosed arrangements with the Company:

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Executive change SEC 8-K Item 5.02 confidence 0.8

Christina Ackermann departed as other_named_officer at Bausch & Lomb Corp.

Action: departed

Exact text from the filing

On August 25, 2023, the Company entered into a separation agreement with Ms. Ackermann (the “Separation Agreement”), pursuant to which Ms. Ackermann is entitled to receive the following payments and benefits in accordance with the existing terms of her previously disclosed arrangements with the Company:

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Source: SEC EDGAR

accession 0001860742-23-000023

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