Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 159

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 159
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, and no such extension of time has been requested.

(ix) Neither PWOD nor any of its Subsidiaries has agreed, nor is it required, to make any adjustment under Section 481(a)
of the Code by reason of a change in accounting method or otherwise that will affect its liability for Taxes.

(x) There
are no joint ventures, partnerships, limited liability companies, or other arrangements or contracts to which PWOD or its Subsidiaries is a party that could be treated as a partnership for Tax purposes.

(xi) Except as set forth on of the PWOD Disclosure Schedule, neither PWOD nor any of
its Subsidiaries is a party to any agreement, contract, arrangement or plan that has resulted, or could result, individually or in the aggregate, in the payment of “excess parachute payments” within the meaning of Section 280G of the
Code.

(xii) None of the assets of Luzerne Bank or Jersey Shore State Bank are “tax exempt use property” or
“tax exempt bond financed property” within the meaning of Section 168 of the Code and neither Luzerne Bank or Jersey Shore State Bank is a party to a “long-term contract” within the meaning of Section 460 of the Code.

(xiii) PWOD has not taken any action and is not aware of any fact or circumstance that would reasonably be expected to
prevent the Parent Merger from qualifying as a “reorganization” within the meaning of Section 368(a) of the Code.

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(xiv) Neither PWOD nor any of its Subsidiaries has been, within the past two
(2) years or otherwise as part of a “plan (or series of related transactions)” within the meaning of Section 355(e) of the Code of which the Merger is also a part, a “distributing corporation” or a “controlled
corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of stock intending to qualify for tax-free treatment under Section 355 of the Code.

(xv) Neither PWOD nor any of its Subsidiaries has participated in a “listed transaction” within the meaning of
Treasury Regulation Section 1.6011-4(b).

(xvi) Neither PWOD nor any of
its Subsidiaries will be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any taxable period (or