Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 154

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 154
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200% (for Messrs. Braddock, Lambert, and each of the six other executive officers who is not a named executive officer) of annual target incentive opportunity as in effect at closing; |

| • | an amount equal to the cost of COBRA coverage (less the employee-paid portion of premiums) for 36 months (for Messrs. Rollins and Bagley), 30 months (for Ms. Toalson), 24 months (for Messrs. Braddock, Lambert, and four other executive officers who are not named executive officers) or 12 months (for two other executive officers who are not named executive officers); |

| • | continued participation in executive fringe benefits offered to similarly situated executives immediately prior to the change in control for 36 months (for Messrs. Rollins and Bagley), 30 months (for |

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Ms. Toalson), 24 months (for Messrs. Braddock, Lambert, and four executive officers who are not named executive officers) or 12 months (for two executive officers who are not named executive officers), or a cash payment equal to the value of such participation for Messrs. Rollins and Bagley; and

| • | full vesting of outstanding Cadence equity awards. |

The executive officers are eligible to receive cash severance payments at the closing of the merger regardless of whether they experience a qualifying termination of employment, subject in such case to a release from the executive and an acknowledgement by the executive that (i) the executive is not entitled to any further severance payments or benefits under such CIC Agreement, (ii) for participants in the EPIP, the executive is not entitled to a bonus (full or prorated) in respect of the year of closing pursuant to such CIC Agreement, and (iii) such payments will not be considered eligible or includable compensation or annual compensation (or any similar term) for any purpose. Each executive officer who is party to a CIC Agreement is subject to covenants of confidentiality, and post-termination non-solicitation and non-disparagement, and Mr. Rollins, Ms. Toalson and Mr. Bagley are subject to post-termination non-competition covenants (for two years for Messrs. Rollins and Bagley (unless such termination or resignation is initiated by the executive officer for good reason), and one year for Ms. Toalson). Under each CIC Agreement, if any payments would be subject to