Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 105

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 105
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 of any Bancorp Financial entity (except for increases in compensation or benefits in accordance with past practice for employees that are not directors or executive officers that do not exceed 5% individually or 3% in the aggregate, or as otherwise disclosed on Bancorp Financial’s confidential disclosure memorandum), (b) commit or agree to pay any severance or termination pay (other than severance or termination pay in the ordinary course of business consistent with past practice), or any stay or other bonus to any Bancorp Financial director, officer, employee or other service provider (except as otherwise disclosed on Bancorp Financials’ confidential disclosure memorandum), (c) change any fees or other compensation or other benefits to directors of such entity, or (e) accelerate or vest or commit or agree to accelerate or vest amounts, benefits or rights payable to any employee, director, officer or other service provider by any such entity under any Bancorp Financial benefit plan;

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enter into or amend any employment contract between Bancorp Financial or its subsidiaries and any person (unless such amendment is required by law) which are not terminable without liability (other than liability for services already rendered);

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hire, engage, terminate or transfer any employees or service providers with an annual salary/ compensation in excess of $150,000;

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make any capital expenditures in excess of an aggregate of $150,000 other than pursuant to binding commitments existing on the date of the merger agreement and other than expenditures necessary to maintain existing assets in good repair or to make payment of necessary taxes;

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establish or commit to the establishment of any new branch or other office facilities or file any application to relocate or terminate the operation of any banking office;

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restructure or materially change its investment securities or derivatives portfolio or its interest rate risk position, through purchases, sales or otherwise, or the manner in which the portfolio is classified or reported;

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

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enter into any new line of business or change in any material respect its lending, investment, underwriting, risk and asset liability management, hedging and other material banking and operating policies or practices;

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change in any material respect its operations, credit policies, underwriting guidelines and collateral eligibility requirements and standards related to its program agreements with equipment manufacturers without prior notice to Old Second;

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materially increase or change in any material respect its interest rate or fee pricing with respect to depository accounts, including, offering or renewing any time deposit accounts, in each case