Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 88

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 88
---
 equal to three times target cash compensation and, for Ms. Goldfeder and Ms. Vanzo, two times such target cash compensation. For purposes of this Change in Control severance, “target cash compensation” consists of the sum of: (i) the Current NEO’s annual base salary (for the current year or, if greater, the year preceding the Change in Control); (ii) the target annual cash bonus for the year of employment termination (or, if greater, the average of the annual cash bonus amounts earned over the three years preceding the Change in Control); and (iii) an amount equal to 7.5% of the Current NEO’s base salary on the employment termination date, representing the annual value of certain retirement benefits and executive benefit programs. These Change in Control cash severance benefits generally are payable within 60 days after the NEO’s employment termination date, subject to the NEO’s provision within such 60-day period of a release of claims against the Company. Under the Company’s Equity Incentive Plan, upon a qualifying termination within two years after a Change in Control, all outstanding performance share units and service-based restricted stock awards will immediately vest as of the employment termination date, with any performance conditions applicable to performance share unit awards deemed to have been achieved at a target level.

| ​                     
 ​                     
 ​                     
 Name                  | ​ 
 ​ 
 ​ 
 ​ |                  ​ 
  Change In Control 
 Severance Payments 
               Base 
             Salary | ​ 
 ​ 
 ​ |          ​ 
 Short-Term 
  Incentive | ​ 
 ​ 
 ​ 
 ​ | ​           
 ​           
 ​           
 Other Award 
 Payments    | ​ 
 ​ 
 ​ 
 ​ |                ​ 
 Restricted Stock 
        2022-2024 
         Unvested 
           Awards | ​ 
 ​ 
 ​ 
 ​ |                       ​ 
 Performance Share Units 
               2022-2024 
             Performance 
                  Period | ​ 
 ​ 
 ​ |           ​ 
   2023-2025 
 Performance 
      Period | ​ 
 ​ 
 ​ |           ​ 
   2024-2026 
 Performance 
      Period | ​ 
 ​ 
 ​ 
 ​ |            ​ 
            ​ 
     Medical/ 
       Life & 
 Outplacement | ​ 
 ​ 
 ​ 
 ​ |          ​ 
          ​ 
          ​ 
  Total ($) | ​ 
 ​ 
 ​ 
 ​ |
|:----------------------|:--|-------------------:|:--|-----------: