Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 112

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 112
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 awards or other compensation or benefits, (iv) enter into any new, or amend any existing employment, severance, change in control, retention, collective bargaining agreement or similar agreement or arrangement (v) fund the obligations under any Bremer benefit plan in a rabbi trust, (vi) terminate the employment or services of any Bremer employee at the E89 level or above other than for cause, or (vii) hire any new employee above a specified level of seniority;

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except for specified exclusions or for debt workouts in the ordinary course of business consistent with past practice, settle any claim, suit, action or proceeding, except involving solely monetary remedies in an amount individually and in the aggregate that is not material to Bremer or Old National or their subsidiaries, as applicable, and that would not impose any material restriction on, or create any precedent that would be material to, the business of it or its subsidiaries or, after the consummation of the mergers, Old National and its subsidiaries;

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take any action or knowingly fail to take any action where such action or failure to act could reasonably be expected to prevent the mergers, taken together, from qualifying as a “reorganization” within the meaning of Section 368(a) of the Code;

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amend the Bremer articles of incorporation or the Bremer bylaws or comparable governing document of its material subsidiaries;

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merge or consolidate itself or any of its subsidiaries with any other person, or restructure, reorganize or completely or partially liquidate or dissolve it or any such subsidiaries;

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other than in prior consultation with Old National, materially restructure or materially change its investment securities or derivatives portfolio or its interest rate exposure, through purchases, sales or otherwise, or the manner in which the portfolio is classified or reported or purchase any security rated below investment grade, except as may be required by U.S. GAAP or by applicable laws, regulations, guidelines or policies imposed by any governmental entity or requested by a governmental entity;

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take any action that is intended or expected to result in any of the conditions to the mergers not being satisfied;

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implement or adopt any material change in its accounting principles, practices or methods, other than as required by U.S. GAAP or by applicable laws, regulations, guidelines or policies imposed by any governmental entity;

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enter into any material new line of business;

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other than in the ordinary course of business consistent with past practice, make any material changes