Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 90

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 90
---
 Plan permits the issuance of restricted stock units, options, restricted stock and other types of equity and cash incentive grants, subject to the share limits of the plan. This breadth of award types will enable the plan administrator to tailor awards in light of the accounting, tax and other standards applicable at the time of grant. Historically, these standards have changed over time. |

| ● | No Evergreen Feature. The number of authorized shares under the Restated Equity Incentive Plan will increase by 800,000 shares and be fixed at 2,600,000 shares. The number of shares approved for grant under our 2019 Equity Incentive Plan was 600,000, the number of shares approved for grant under our 2019 Equity Incentive Plan, as amended and restated in 2021 was 1,800,000. As of the record date, 556,238 shares remain available for grant under the 2019 Equity Incentive Plan, as amended and restated in 2021. The Restated Equity Incentive Plan does not include an “evergreen” feature that would cause the number of authorized shares to automatically increase in future years. |

| ● | Repricings Prohibited. Repricing of options and SARs generally is prohibited without prior stockholder approval, with customary exceptions for stock dividends or splits, reorganizations, recapitalizations and similar events. |

| ● | Discount Stock Options and SARs Prohibited. All options and SARs must have an exercise price equal to or greater than the fair market value of our common stock on the date the option or SAR is granted. |

| ● | Conservative Change in Control Provisions. The Restated Equity Incentive Plan does not include a special change in control price payable to award holders. The change in control provisions under the Restated Equity Incentive Plan provide for acceleration of vesting in the event of a change in control only if the Restated Equity Incentive Plan does not become an obligation of the successor entity or the participant incurs a termination of service without cause or for good reason following the change in control. |

| ● | Clawback Policy Implementation. All cash and equity awards under the Restated Equity Incentive Plan are subject to any applicable law respecting recapture of compensation and the Company clawback policy in effect from time to time. |

| ● | Responsible Share Recycling. Any shares surrendered to pay the option or SAR exercise price or satisfy tax withholding related to such awards, or repurchased