Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 152

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 152
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 | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | ​ | ​ | Old National Governing Documents | ​ |
| ​ | ​ | ​ | holder of Bremer Class A common stock receives written notice from the Otto Bremer Trust of the event giving rise to the put option to transferee. Holders of Bremer Class A common stock that wish to exercise their put option to transferee must provide written notice to the Otto Bremer Trust, its assignee or the transferee of such intent during the option period. The closing of the purchase and sale of Bremer Class A common stock pursuant to the put option to transferee (as determined by the Otto Bremer Trust, its assignee or transferee as the case may be) must occur on or before 60 days following the closing date of the sale of Bremer Class B common stock by the Otto Bremer Trust, or such later date as reasonably required to obtain any necessary regulatory approvals. 
 Put option to Bremer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 Upon the occurrence of certain events described below, which we call “put events”, each holder of Bremer Class A common stock has the right, which we call the “put option to Bremer”, to require Bremer or Bremer’s assignee to repurchase all shares of Bremer Class A common stock then owned. The put option to Bremer arises from the following put events:                                                                                                                                                                                                                                                                                                                                                                                                                                          
 for a shareholder who is a former Bremer ESOP participant, at the affirmative election of the shareholder anytime within 15 months after each distribution of Bremer Class A common stock from the Bremer ESOP to such former participant, except that the put option to Bremer only applies to the Bremer Class A common stock received pursuant to such distribution (a “Bremer ESOP distribution put event”); and                                                                                                                                                                                                                                                                                                                                                                                      
 for any shareholder of Bremer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | ​ | ​ | ​                                | ​ |

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TABLE OF CONTENTS

| ​ | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                             | ​ | ​ | Old National Governing Documents | ​ |
| ​ | ​ | ​ | Class A common stock who is a Bremer employee, upon the death, “permanent disability” or retirement at “normal retirement age” ​(both as defined in the Bremer ESOP) of such shareholder’s Bremer Class A common stock (a “death, disability or retirement put event”).                                                
 The put option