Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 157

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 157
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 purposes.

(xi) Except as set forth on of the PWOD Disclosure Schedule, neither PWOD nor any of
its Subsidiaries is a party to any agreement, contract, arrangement or plan that has resulted, or could result, individually or in the aggregate, in the payment of “excess parachute payments” within the meaning of Section 280G of the
Code.

(xii) None of the assets of Luzerne Bank or Jersey Shore State Bank are “tax exempt use property” or
“tax exempt bond financed property” within the meaning of Section 168 of the Code and neither Luzerne Bank or Jersey Shore State Bank is a party to a “long-term contract” within the meaning of Section 460 of the Code.

(xiii) PWOD has not taken any action and is not aware of any fact or circumstance that would reasonably be expected to
prevent the Parent Merger from qualifying as a “reorganization” within the meaning of Section 368(a) of the Code.

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(xiv) Neither PWOD nor any of its Subsidiaries has been, within the past two
(2) years or otherwise as part of a “plan (or series of related transactions)” within the meaning of Section 355(e) of the Code of which the Merger is also a part, a “distributing corporation” or a “controlled
corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of stock intending to qualify for tax-free treatment under Section 355 of the Code.

(xv) Neither PWOD nor any of its Subsidiaries has participated in a “listed transaction” within the meaning of
Treasury Regulation Section 1.6011-4(b).

(xvi) Neither PWOD nor any of
its Subsidiaries will be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any:
(i) installment sale or open transaction disposition made prior to the Closing; (ii) prepaid amount or deferred revenue received prior to the Closing outside the ordinary course of business; or (iii) excess loss account described in
the Treasury Regulations under Section 1502 (or any corresponding or similar provision of state or local applicable Laws) occurring or existing prior to the Closing.

(xvii) Neither PWOD nor any of its Subsidiaries will be