Company: FRME
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000712534-25-000077
Chunk: 56

Company: FIRST MERCHANTS CORP
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 56
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     | Aggregate Earnings in Last Fiscal Year |     | Aggregate Withdrawals/ 
          Distributions |     | Aggregate Balance at Fiscal Year End |
|:--------------------|:----|--------------------------------------------:|:----|--------------------------------------------:|:----|---------------------------------------:|:----|-----------------------:|:----|-------------------------------------:|
| Mark K. Hardwick    |     |                                          $0 |     |                                          $0 |     |                                $56,532 |     |                     $0 |     |                             $381,550 |
| Michael J. Stewart  |     |                                           0 |     |                                           0 |     |                                    758 |     |                      0 |     |                               40,662 |
| Michele M. Kawiecki |     |                                           0 |     |                                           0 |     |                                  1,801 |     |                      0 |     |                               13,313 |
| John J. Martin      |     |                                           0 |     |                                           0 |     |                                      0 |     |                      0 |     |                                    0 |
| Joseph C. Peterson  |     |                                           0 |     |                                           0 |     |                                      0 |     |                      0 |     |                                    0 |

#### CHANGE OF CONTROL AGREEMENTS TABLE
The Company does not have an employment or severance agreement with any of the NEOs.

FMC has a “double trigger” change of control agreement with each of the NEOs that, in general, would provide for a severance payment to the NEO in the event of a change of control of the Company that is followed by a termination or constructive termination of the NEO’s employment within 24 months after the change of control. A " change of control " is defined as an acquisition by any person of 25% or more of FMC’s voting shares, a change in the makeup of a majority of the Board over a 24‑month period, a merger of FMC in which the shareholders before the merger own 50% or less of the Company’s voting shares after the merger, or approval by FMC’s shareholders of a plan of complete liquidation of FMC or an agreement to sell or dispose of substantially all of the Company’s assets. A " constructive termination " is defined as a significant reduction in duties, compensation or benefits or a relocation of the NEO’s office outside the area described in the agreement, unless agreed to by the NEO. No payment would be