EX-10.3
PERRIGO Co plc
89126997.6 PERRIGO COMPANY PLC EXECUTIVE COMMITTEE SEVERANCE POLICY As Amended and Restated Effective June 29, 2026 ARTICLE I INTRODUCTION Perrigo Company plc (the “Company”) established the Perrigo Company plc Executive Committee Severance Policy (the “Policy”) effective June 14, 2017, for the benefit of certain “Eligible Employees” of the Company and its Affiliates, as amended on October 8, 2018, and February 13, 2019. The Policy was previously terminated effective January 15, 2020, and is hereby reinstated and amended and restated in its entirety effective June 29, 2026. Unless earlier terminated by the Company, the Policy will terminate at the end of the “CEO Transition Period.” The Policy is intended to be a top hat welfare plan maintained primarily for the purpose of providing benefits for a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), with the intent that it be exempt from the relevant requirements of Title I of ERISA. The
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