Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 188

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 188
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 party is not entitled to indemnification.

The merger agreement requires the surviving bank to maintain in effect for a period of six (6) years after the effective time the current policies of directors’ and officers’ liability insurance maintained by Cadence (provided, that the surviving bank may substitute therefor policies with a substantially comparable insurer of at least the same coverage and amounts containing terms and conditions which are no less advantageous to the insured) with respect to claims against the present and former officers and directors of Cadence or any of its subsidiaries arising from facts or events which occurred at or before the effective time (including the transactions contemplated by the merger agreement). However, following the merger, Huntington is not obligated to expend,**

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#### TABLE OF CONTENTS
on an annual basis, an amount in excess of three-hundred percent (300%) of the current annual premium paid as of the date of the merger agreement by Cadence for such insurance (the “premium cap”), and if such premiums for such insurance would at any time exceed the premium cap, then Huntington will cause to be maintained policies of insurance that, in its good-faith determination, provide the maximum coverage available at an annual premium equal to the premium cap. In lieu of the foregoing, Cadence, in consultation with, but only upon the consent of the Huntington Parties, may (and at the request of the Huntington Parties, Cadence will use its reasonable best efforts to) obtain at or prior to the effective time a six (6)-year “tail” policy under Cadence’s existing directors’ and officers’ insurance policy providing equivalent coverage to that described in the preceding sentence if and to the extent that the same may be obtained for an amount that, in the aggregate, does not exceed the premium cap. If Cadence purchases such a tail policy, the surviving bank will maintain such tail policy in full force and effect and continue to honor its obligations thereunder.

The obligations of the surviving bank, the Huntington Parties and Cadence relating to indemnification and directors’ and officers’ insurance may not be terminated or modified in a manner so as to adversely affect any Cadence indemnified party or any other person entitled to the benefit of such indemnification and directors’ and officers’ insurance without the prior written consent of the affected person.

#### Restructuring Efforts
The merger agreement provides that if either Cadence or Huntington fails to obtain the requisite Cadence vote or the requisite Huntington vote at the duly convened Cadence special meeting or Huntington special meeting, as applicable