Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 129

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 129
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 than with respect to the right to receive the Option Cash-Out Amount set forth in . The PWOD Board or
any applicable committee of the PWOD shall make such adjustments and amendments to or make such determinations with respect to the PWOD Options and shall adopt any resolutions and take any and all actions necessary to effect the foregoing provisions
of this .

3.04. Tax Consequences. For federal income tax purposes, the Parent Merger
is intended to constitute a reorganization within the meaning of Section 368(a) of the Code. The parties hereto adopt this Agreement as a “plan of reorganization” within the meaning of Treasury Department regulation sections 1.368-2(g) and 1.368-3(a).

ARTICLE IV

Actions Pending Consummation of Merger

4.01. Forbearances of PWOD. From the date hereof until the Effective Time or earlier termination of this Agreement, except as
expressly contemplated or permitted by this Agreement (including as set forth in

A-14

of the PWOD Disclosure Schedule (it being understood that any disclosures made with respect to a subsection of this
shall be deemed to qualify (1) any other subsection of this specifically referenced or cross-referenced, and (2) any other subsections of this to the extent it
is reasonably apparent on its face (notwithstanding the absence of a specific cross reference) from a reading of the disclosure that such disclosure applies to such other subsections)) or as required by law or regulation or by any Governmental
Authority or as required by an applicable Regulatory Order, without the prior written consent of NWBI (such consent not to be unreasonably withheld, conditioned or delayed), PWOD shall not, and shall cause its Subsidiaries not to:

(a) Ordinary Course.Conduct the business of PWOD and its Subsidiaries other than in the ordinary and usual course or
fail to use reasonable efforts to preserve intact their respective business organizations and assets and maintain their respective rights, franchises and existing relations with customers, suppliers, vendors, employees and business associates, or
voluntarily take any action which, at the time taken, is reasonably likely to have an adverse effect upon PWOD’s ability to perform any of its obligations under this Agreement or prevent or materially delay the consummation of the transactions
contemplated by this Agreement, or enter into any new line of business or materially change its lending, investment, underwriting, risk, asset liability management or other banking and