Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 71

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 71
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 |    76,457 |     | -8 |     |                 |      — |     |           |  60,102 |     |                |       — |     |                |      — |

| (1) | The employment agreements provide for a lump-sum severance payment of three times the highest rate of base salary and three times the highest rate of cash bonus during the prior three years. |

| (2) | No amounts incorporated in this section for anyone other than Mr. Harvey as he was the only Executive to receive a Holiday Bonus in 2024, and qualify for this potential payment. No other payments are provided upon Voluntary termination. |

| (3) | The employment agreements provide for a lump sum death benefit equal to one year of base salary. The employment agreements also provide for the continuation of medical and dental benefits to the executive’s eligible dependents for a period of three years after the executive’s death under the same terms immediately prior to termination. |

| (4) | Messrs. Schosser and Torchio receive base salary for one year following the termination of their employment due to disability and Mr. Harvey would receive base salary for the longer of (i) the remaining term of the employment agreements, or (ii) one year following the termination of their employment due to disability, provided that such base salary amount will be reduced by amounts paid to the NEO under any short-term or long-term disability insurance plan maintained by the Company. Each NEO also receives medical and dental benefits previously provided for a period of up to 36 months under the same terms immediately prior to a termination due to disability. |

| (5) | See retirement definitions detailed in footnotes 6 & 7. None of the NEOs meet the retirement definitions per each plan and therefore no amounts have been included for them other than for Mr. Harvey for his Holiday Bonus payment. |

| (6) | The Management Bonus Plan will be paid to employees that are active at the time of payment or those that have retired after December 31st of the prior year and are age 65 with a minimum of 5 years of Northwest service or Age 55 with a minimum of 25 years of Northwest service, as defined by the Plan. |

| (7) | The 2022 Equity Incentive Plan and 2018 Equity Incentive Plan defines retirement as Age 65 with a minimum of 5 years Northwest service. There are no NEOs that meet the definition at this time, therefore there would be