Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 104

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 104
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 that Bancorp Financial may pay its stockholders its regular quarterly dividends of $0.05 per share of Bancorp Financial common stock, and other dividends specified in the merger agreement;

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grant any stock appreciation rights, options, restricted stock units, performance stock units, phantom stock units, restricted shares or other equity-based awards or interests, or grant any person any right to acquire securities of Bancorp Financial or its subsidiaries, or issue, sell, transfer, encumber or otherwise permit to become outstanding any shares of capital stock or voting securities or equity interests or securities convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) or exchangeable into, or exercisable for, any shares of Bancorp Financial capital stock or other equity or voting securities, or any options, warrants, or other rights of any kind to acquire any shares of capital stock of Bancorp Financial or its subsidiaries;

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sell, lease, transfer, mortgage, encumber or otherwise dispose of any of its properties or assets or any business, other than in an amount less than $150,000 or in the ordinary course of business or as contemplated by the merger agreement;

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cancel, release or assign any indebtedness to any individual, corporation or other entity (other than a wholly owned subsidiary) or any claims held by any such person, in each case, other than in the ordinary course of business or as contemplated by the merger agreement;

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acquire or announce an intention to acquire or enter into any agreements providing for any acquisitions of, direct or indirect control over any other business or entity or otherwise make an investment in any other business, entity or assets outside the ordinary course of business, with certain exceptions;

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commence or settle any material legal proceedings, other than in the ordinary course of business, or settlements which (i) solely involve monetary remedies in an amount not to exceed $100,000 individually or $150,000 in the aggregate, (ii) reasonably would not be expected to prohibit or restrict Bancorp Financial or its subsidiaries from operating its respective businesses in the ordinary course and (iii) does not involve any admission of wrongdoing by Bancorp Financial or its subsidiaries;

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enter into, renew, amend or terminate any material contract, with certain exceptions;

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except as contemplated by the merger agreement or as may be required by a Bancorp Financial benefit plan, (a) grant any bonus or increase in compensation or benefits to the employees, officers, directors or service providers