Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 100

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 100
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 stock purchase, savings, profit sharing, deferred compensation, change in control, salary continuation, consulting, bonus, group insurance or other employee benefit, incentive or welfare contract (including related      
 administrative services contracts), plan or arrangement, or any trust agreement (or similar arrangement) related thereto, in respect of any director, consultant, officer or employee of Penns Woods or any of its subsidiaries, or take any action to 
 accelerate the payment of benefits or the vesting or exercisability of options, restricted stock, phantom stock or other compensation or benefits payable thereunder;                                                                                  |

| • |     | sell, transfer, mortgage, encumber or otherwise dispose of any of its material properties or assets or any                                                                                                                                              
 business to any person other than a wholly owned subsidiary, or cancel, release or assign any indebtedness of any person other than a wholly owned subsidiary or any claims against any person other than a wholly owned subsidiary, in each case other 
 than in the ordinary course, consistent with past practices, including any debt collection or foreclosure transactions;                                                                                                                                 |

71

| • |     | acquire (other than by way of foreclosures or acquisitions of control in a bona fide fiduciary capacity or in                                                                                                                                      
 satisfaction of debts previously contracted in good faith, in each case in the ordinary and usual course of business consistent with past practice or purchases of securities incident to Penns Woods’ securities portfolio in the ordinary course 
 of business and consistent with past practice) all or any portion of the assets, business, deposits or properties of any other person;                                                                                                             |

| • |     | amend the organizational and governing documents of Penns Woods and/or its subsidiaries; |

| • |     | implement or adopt any change in its accounting principles, practices or methods other than as may be required by 
 generally accepted accounting principles;                                                                         |

| • |     | (i) terminate, amend, or waive any provision of, any material contract (“Material Contract”); (ii) make                                                                                                                                               
 any change in any instrument or agreement governing the terms of any of its securities, or material lease or any other Material Contract, other than normal renewals of leases and other Material Contracts without material adverse changes of terms 
 with respect to Penns Woods; (iii) enter into any Material Contract that (A) would constitute a Material Contract if it were in effect on the date of the Merger Agreement or (B) that has a term of one year or longer and that requires             
 payments or other obligations by Penns Woods or any Penn