Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 74

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 74
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 | Acceleration of TRSUs     | ​ |                  |         - | ​      |                  |   291,290 | ​      | ​              |   291,290 | ​      |
| ​                  | ​ | Acceleration of PRSUs     | ​ | ​                |    36,508 | (6)  ​ | ​                |   109,525 | (7)  ​ | ​              |    36,508 | ​      |
| ​                  |   | Outplacement Services     | ​ |                  |         - | ​      |                  |    20,000 | ​      | ​              |         - | ​      |
| ​                  | ​ | Total                     | ​ | ​                |    36,508 | ​      | ​                | 1,166,955 | ​      | ​              |   327,798 | ​      |

| (1) | Payments due to all named executive officers in connection with a change in control are subject to reduction to the extent necessary to avoid an excess parachute payment under Code Section 280G. |

| (2) | An “involuntary termination” is a termination by the employer without “cause” or a resignation by the executive for “good reason.” |

| (3) | Represents 24 months of base salary continuation under Mr. Eccher’s employment agreement. |

| (4) | For Mr. Eccher, under his employment agreement, he is entitled to three times his current base salary plus his average bonus paid over the past three years. For each other executive, under his respective compensation and benefits assurance agreement, he is entitled to two times his base salary plus his average bonus paid over the past three years. |

| (5) | Represents the monthly premium paid by us for the continuation of health insurance for a period of 18 months with respect to Mr. Eccher and 24 months for each other executive under each executive’s employment agreement or compensation and benefits assurance agreement, as applicable. |

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| (6) | Represents a pro rata number of PRSUs that will vest based on (i) the target (100%) number of PRSUs that can be issued multiplied by (ii) the quotient of (x) the number of full months that have elapsed between the first day of the performance period and the assumed termination date of December 31, 2024 and (y) the total number of full months in the respective performance period. |