Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 95

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 95
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 of the pro-rated annual bonus for the year of termination under the Bleske Agreement. In light of the foregoing, for purposes of this proxy statement/prospectus, his pro-rated bonus amount is assumed to be calculated under and in accordance with the terms of the Bleske Agreement and is therefore included in the quantification above.

#### Indemnification Insurance
Under the terms of the merger agreement, from and after the effective time of the mergers, Old National will indemnify, and advance expenses as incurred by, Bremer’s directors and officers, in each case to the extent (subject to applicable law) Bremer’s directors and officers are indemnified or entitled to advancement of expenses by Bremer under the Bremer articles of incorporation and the Bremer bylaws, the governing or organizational documents of any Bremer subsidiary or any contract in existence as of the date of the merger agreement and disclosed to Old National, for costs, expenses, judgments, fines, losses, damages and liabilities arising out of the fact that such person is or was a director or officer Bremer or any of its subsidiaries. In addition, for a period of six years after the effective time of the merger, Old National will maintain in effect the current policies of directors’ and officer’s liability insurance maintained by Bremer or may obtain a six-year “tail” policy under Bremer’s existing directors and officers insurance policy. However, Old National is not obligated to spend for such directors and officers insurance, on an annual basis, or for such “tail” policy, an amount in excess of 300% of the current annual premium paid by Bremer as of the date of the merger agreement. This indemnification and insurance coverage is further described in the section entitled “The Merger Agreement — Director and Officer Indemnification and Insurance.”

#### Miscellaneous
Bremer has agreed to reimburse the Otto Bremer Trust for certain reasonable legal and financial advisory fees and expenses incurred by Otto Bremer Trust in connection with the mergers, which reimbursement is payable upon closing of the mergers.

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#### Regulatory Approvals Required for the Mergers
To complete the mergers, Old National and Bremer need to obtain approvals or consents from, or make filings with, applicable U.S. federal bank regulatory authorities and other regulatory authorities. Subject to the terms of the merger agreement, Old National and Bremer have agreed to cooperate with each other and use their reasonable best efforts to as promptly as reasonably practicable to