Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 99

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 99
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 provides that the current employees of First Savings and the Subsidiaries who continue as employees of First Merchants or
its subsidiaries following the Merger will be entitled to participate in the employee benefit plans of First Merchants. With respect to each employee benefit plan or benefit arrangement maintained by First Merchants in which employees of First
Savings or the Subsidiaries subsequently participate, for purposes of determining eligibility, vesting, vacation, and severance entitlement, First Merchants

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will ensure that service with First Savings or the Subsidiaries will be treated as service with First Merchants; provided, however, that service with First Savings or First Savings Bank shall not
be treated as service with First Merchants for purposes of benefit accrual, except with respect to severance benefits.

Voting Agreement

Each member of the Board of Directors of First Savings and certain executive officer of First Savings entered into a voting agreement with
First Merchants as of the date of the Merger Agreement whereby the parties have agreed, subject to their fiduciary duties to entertain a superior third-party acquisition proposal under the Merger Agreement, to vote, or cause to be voted, all of
their shares of First Savings common stock and shares owned by certain affiliates over which they have voting control in favor of the Merger Proposal. As of October 15, 2025, the number of shares of common stock subject to such voting agreement
is 1,009,491 shares of First Savings common stock, representing 14.5% of the outstanding shares. The voting agreement is attached to this document as and is incorporated in this document by reference.

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MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES

The following is a general discussion of the material federal income tax consequences of the Merger to U.S. Holders (as hereinafter defined) of First Savings common stock that exchange their shares of First Savings common stock for shares of First Merchants common stock. The following discussion is based on current provisions of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), the Treasury Regulations promulgated thereunder, published pronouncements of the Internal Revenue Service (the “IRS”) and case law, all as currently in effect and which are subject to differing interpretations and subject to change at any time by legislative, judicial or administrative action, possibly with retroactive effect. This discussion is limited to U.S. Holders, who hold their shares of First Savings common stock as capital assets