Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 42

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 42
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 Life & Disability Insurance | ​ | X         | ​ | X                 | ​ | X           |
| Medical/Dental/Vision Plans | ​ | X         | ​ | X                 | ​ | X           |
| Retirement Plans:           | ​ | ​         | ​ | ​                 | ​ | ​           |
| 401(k) Plan/Profit-Sharing  | ​ | X         | ​ | X                 | ​ | X           |
| Deferred Compensation Plan  | ​ | X         | ​ | X                 | ​ | Not Offered |
| Perquisites:                | ​ | ​         | ​ | ​                 | ​ | ​           |
| Car Allowance               | ​ | X         | ​ | Not Offered       | ​ | Not Offered |
| Country Club Membership     | ​ | X         | ​ | X                 | ​ | Not Offered |

**It is our belief that perquisites for executive officers should be very limited in scope and value. Due to this philosophy, we have generally provided very nominal benefits to executives that are not available to full-time employees, and we plan to continue this approach in the future. We do provide country club memberships to certain executives and managers in the ordinary course of business to give them the opportunity to bring in and recruit new business opportunities. These individuals are eligible to use the club membership for their own personal use. Additionally, we provide Messrs. Eccher, Adams, Collins, Pilmer and Gartelmann with an automobile allowance to enable them to visit our banking locations on a regular basis as well as to call on our customers. We have disclosed the value of all perquisites to named executive officers in the Summary Compensation Table even if they fall below the disclosure thresholds under the SEC rules. We will continue to offer perquisites, the amount of which shall be determined from time-to-time in the sole discretion of the Compensation Committee.

26

Severance and Change in Control Arrangements**

Employment Agreements and Compensation and Benefits Assurance Agreements.Under his employment agreement, we provide Mr. Eccher with certain “double trigger” severance benefits in the event of his involuntary termination following a change in control, as well as salary continuation following certain other involuntary terminations. We have also entered into Compensation and Benefits Assurance Agreements with each of our other named executive officers which also provide “double trigger” severance benefits in the event of a qualifying termination following a change in control. We believe these agreements help us recruit and retain executives with the experience, skills