Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 209

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 209
---
BI Market Price, the Exchange Ratio (as then in effect), and the Index Ratio minus 0.20 and the denominator of which is equal to the NWBI Market Value on the
Determination Date. If within such five business day period, NWBI delivers written notice to PWOD that it intends to proceed with the Parent Merger by paying such additional consideration as contemplated by the preceding sentence, and notifies PWOD
of the revised Exchange Ratio, then no termination shall have occurred pursuant to this, and this Agreement shall remain in full force and effect in accordance with its terms (except that the Exchange
Ratio shall have been so modified).

8.02. Effect of Termination and Abandonment; Enforcement of Agreement.

(a) In the event of termination of this Agreement pursuant to , no party to this Agreement shall have
any liability or further obligation to any other party hereunder except that (i), , this , and
shall survive any termination of this Agreement; and (ii) notwithstanding anything to the contrary contained in this Agreement, neither NWBI nor PWOD shall be relieved or released from any liabilities or
damages arising out of its fraud or willful and material breach of any provision of this Agreement occurring prior to termination.

(b)
the event that:

(i) (A) after the date of this Agreement and prior to the termination of this Agreement, a bona fide
written Acquisition Proposal shall have been made known to senior management or the PWOD Board or has been made directly to the PWOD shareholders generally or any Person shall have publicly announced (and,

A-56

in each case, not unconditionally withdrawn) an Acquisition Proposal with respect to PWOD, and (1) thereafter this Agreement is terminated by either NWBI or PWOD pursuant to
, or (2) thereafter this Agreement is terminated by NWBI pursuant to as a result of a willful breach by PWOD; and (B) prior to the date that is twelve
(12) months after the date of the termination of this Agreement, PWOD enters into a definitive agreement or consummates a transaction with respect to an Acquisition Proposal (whether or not the same Acquisition Proposal as that referred to
above), then PWOD shall, on the earlier of the date it enters into the definitive agreement and the date of consummation of the transaction, pay NWBI, by wire transfer of same day funds (to an account designated in writing by NWBI), a fee equal to
$10,000,000 (the “”); and