Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 66

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 66
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uation – There will be a continuation of medical benefit coverage provided by the Company for a period of time after employment is terminated in certain circumstances. Any tax resulting from these payments will be the executive’s responsibility. |

| ● | No Walk Away Provision – Executives do not have the ability to voluntarily terminate their employment following a change in control and receive severance benefits without the occurrence of a “double trigger,” namely events or circumstances constituting Good Reason (as defined in the Employment Agreements). Executives have the right to terminate their employment for Good Reason within 24 months following a change in control and receive severance and other benefits. |

| ● | Confidentiality, Non-Solicitation and Non-Competition Covenants – Executives must comply with certain confidentiality, non-solicitation and non-competition covenants contained in the CRC Agreements, both during and following their employment with the Company. |

The Employment Agreements and CRC Agreements were entered into after the Compensation Committee reviewed their material terms and both existing and emerging market practices with respect to such arrangements. Based on information and input provided by WTW, the Compensation Committee determined that the total compensation and benefits provided in the Employment Agreements, including the severance benefits in different employment termination scenarios, were consistent with prevailing market practices. See “Named Executive Officer Employment Agreements”beginning on page 69 of this Proxy Statement for additional information regarding the Employment Agreements and CRC Agreements.

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| 62 | OLD NATIONAL BANCORP 2025 PROXY STATEMENT |

COMPENSATION DISCUSSION AND ANALYSIS COMPENSATIOn committee report The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of SEC Regulation S-K with management and, based on such review and discussions, the Compensation Committee has recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement. Members of the Compensation Committee Kathryn J. Hayley, Chairperson Peter J. Henseler, Vice Chairperson Barbara A. Boigegrain Daniel S. Hermann Ryan C. Kitchell Austin M. Ramirez Thomas E. Salmon Rebecca S. Skillman

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| OLD NATIONAL BANCORP 2025 PROXY STATEMENT | 63 |

COMPENSATION TABLES 2024 SUMMARY COMPENSATION TABLE The table below provides information regarding compensation earned by our Named Executive Officers in 2024:

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