Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 157

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 157
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 Payments under the EPIP”, above.

Mr. Rollins’s service under the letter agreement may not be terminated by Huntington other than for cause. Upon termination of Mr. Rollins’s service for any reason, he will receive the amount of the annual fee that is earned but unpaid through the termination date (prorated for any partial annual period) and other accrued amounts. If Mr. Rollins’s service is terminated (i) by Mr. Rollins due to Huntington’s material breach or (ii) due to Mr. Rollins’s death or disability, then, in addition to the accrued amounts, subject to a release and continued compliance with the restrictive covenants set out in the letter agreement, Huntington will continue to pay the remainder of the annual fees that Mr. Rollins would have received had he remained engaged for the duration of the term (or, in the event of a termination of employment due to death, the same will be paid in a lump sum within 30 days).

Under the letter agreement, Mr. Rollins will be subject to non-competition and non-solicitation of customers and employees covenants for a five-year period following the effective date, as well as a perpetual confidentiality covenant. If the Huntington board of directors determines that Mr. Rollins has materially and intentionally breached the non-competition covenant after delivery of timely notice to Mr. Rollins of such breach and Mr. Rollins’s failure to timely cure (to the extent curable), then Mr. Rollins will promptly repay the Restrictive Covenant Payment to Huntington on an after-tax basis.

#### Other Benefits
**In connection with the transaction, Cadence may grant cash- or equity-based retention awards to Cadence employees and service providers (including executive officers), in the amounts and on the terms generally determined by the Cadence CEO in consultation with the Huntington CEO. As of the date of this joint proxy statement/prospectus, no such retention awards have been made or determined to be made with respect to any of Cadence’s directors or executive officers.

At the effective time, irrespective of whether or not she experiences a termination of employment, Ms. Toalson will be entitled to receive the normal retirement (age 65) benefit under the Supplemental Executive Retirement Plan as a result of the merger, increasing her benefit by $44,006 per year for ten years. Additionally, at the effective time, irrespective of whether or not he experiences a termination of employment, Mr. Lambert, who participates in the split dollar plan, which has a $