Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 186

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 186
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ishing of information and by making employees reasonably available) as is reasonably requested by Huntington in order to comply with the requirements of the Comprehensive Capital Analysis and Review and Dodd-Frank Act Stress Testing programs.

#### Employee Matters
Huntington has agreed to provide each Cadence continuing employee, during the period commencing at the effective time and ending on December 31 of the calendar year during which the effective time occurs, for so long as the continuing employee is employed following the effective time, with the following: (i) annual base salary or wages, as applicable, that are no less than the annual base salary or wages in effect for such continuing

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#### TABLE OF CONTENTS
**employee immediately prior to the effective time; (ii) target short- and long-term incentive opportunities that are no less favorable in the aggregate than those provided to such continuing employee immediately prior to the effective time, and (iii) employee benefits (other than severance, perquisites, defined benefit pension, deferred compensation, post-termination welfare, split dollar insurance, change in control and retention benefits) that are no less favorable in the aggregate than those provided to such continuing employee immediately prior to the effective time. In addition, for a period beginning at the effective time and continuing through the first anniversary thereof, each continuing employee who is not party to an individual agreement providing for severance or termination benefits and is terminated under severance-qualifying circumstances will be eligible to receive severance benefits pursuant to the Huntington Transition Pay Plan as in effect as of the date of the merger agreement, subject to such continuing employee’s execution (and non-revocation) of a release of claims.

With respect to any employee benefit plans of Huntington or its subsidiaries in which any continuing employees become eligible to participate on or after the effective time (the “new plans”), Huntington and its subsidiaries will: (i) waive all preexisting conditions and waiting periods and use commercially reasonable efforts to waive all exclusions with respect to participation and coverage requirements applicable to such employees and their eligible dependents under any new plans, except to the extent such pre-existing conditions, exclusions or waiting periods would apply under the analogous Cadence benefit plan, (ii) use commercially reasonable efforts to provide each such employee and their eligible dependents with credit for any co-payments or coinsurance and deductibles paid prior to the effective time under a Cadence benefit plan that provides health care benefits, to the same extent that such credit was given under the analogous Cadence benefit plan prior to the