Document:

Exhibit 10 (a)

                               SEVERANCE AGREEMENT

         THIS SEVERANCE AGREEMENT (the "Agreement") is made and entered into by
and between Old National Bancorp (including all subsidiaries and affiliates)
(the "Company") and Full Name (the "Executive").

         WHEREAS, the Company desires to assure continuity of its management, to
enable its executives to devote their full attention to management
responsibilities and to help the Board of Directors assess options and advise as
to the best interest of the Company and its shareholders without being
influenced by the uncertainties of their own situations, and to demonstrate to
executives the interests of the Company in their well-being and fair treatment
in the event of a termination without cause by the Company; and

         WHEREAS, to that end, the Company desires to assure the Executive that
he will receive certain benefits in the case of the Executive's termination
without cause by the Company.

         NOW, THEREFORE, in consideration of the premises contained herein and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Executive and the Company agree as follows:

         1. Term. The term of this Agreement shall begin on the date hereof and
shall continue until terminated (the "Term"). This Agreement shall automatically
terminate without notice or payments hereunder if the Executive shall resign,
retire, become permanently and totally disabled, or die, or the Company
experiences a "Change of Control" as defined in the Change of Control Agreement
between the Executive and the Company. Under no circumstance will the Executive
be entitled to benefits under this Agreement and the Change of Control
Agreement. Additionally, this Agreement shall terminate without further notice
or payments hereunder if the Company terminates the Executive for Cause (as
defined in Section 3(a)(i) hereof).

         2. Termination of Employment; Resignation of Officer and Director
Positions. The Executive shall be relieved of any responsibilities with the
Company, and his employment relationship with the Company will cease and
terminate effective upon the Termination Date. The Executive resigns any and all
officer, director and other positions with the Company and its affiliates
effective upon the Termination Date.

         3. Severance Benefit. (a) Subject to the receipt of the Release
contemplated by Section 9 hereof and the expiration of any applicable waiting
periods, the Company shall provide the Executive with the benefits set forth in
this Section 3 upon any termination of the Executive's employment by the Company
which occurs during the Term for any reason except the following:

         (i)      Termination for Cause

                  "Cause" shall be defined as (A) action by the Executive
                  involving willful misconduct or gross negligence materially
                  injurious to the Company, (B) the requirement or direction of

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                  a federal or state regulatory agency having jurisdiction over
                  the Company, (C) conviction of the Executive of the commission
                  of any criminal offense involving dishonesty or breach of
                  trust, or (D) any intentional breach by the Executive of a
                  material term, condition or covenant of this Agreement;

         (ii)     Disability of the Executive, as determined under the policies
                  and procedures of the Company as in effect from time to time.
                  Termination pursuant to this Section 3(a)(ii) shall not affect
                  any rights which the Executive may have under any disability
                  policy or program of the Company;

         (iii)    Voluntary retirement of the Executive in accordance with
                  policies and procedures of the Company in effect from time to
                  time;

         (iv)     Resignation or termination of employment by the Executive for
                  a reason other than set forth in Section 3(b) hereof;

         (v)      In connection with or following a Change of Control; provided
                  that the Executive will receive benefits under a change of
                  control agreement or other similar agreement or plan; or

         (vi)     Death of the Executive.

         (b) Subject to receipt of the Release contemplated by Section 9 hereof
and the expiration of any applicable waiting periods, the Company shall also
provide the Executive with the benefits set forth in this Section 3 if during
the Term the Executive terminates this Agreement after the happening of one or
more of the following events:

         (i)      Without the express written consent of the Executive, the
                  assignment of the Executive to any duties materially
                  inconsistent with his positions, duties, responsibilities, or
                  status with the Company as of the date hereof or a substantial
                  reduction of his duties or responsibilities, or any removal of
                  the Executive from, or any failure to reelect the Executive
                  to, any positions held by the Executive as of the date hereof;

         (ii)     A reduction by the Company in the compensation or benefits of
                  the Executive in effect as of the date hereof, or any failure
                  to include the Executive to other similarly situated employees
                  in any incentive, bonus or benefit plans as may be offered by
                  the Company from time to time; or

         (iii)    A requirement that without the consent of the Executive, the
                  Executive be based anywhere other than within fifty (50) miles
                  from his personal residence, except for required travel
                  pertaining to the Company's business in accordance with the
                  Company's management practices in effect from time to time.

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         (c) Lump Sum Payment. Following receipt by the Company of the Release
contemplated by Section 9 hereof and the expiration of any applicable waiting
periods, the Company shall pay to the Executive a lump sum single payment, in
cash or cash equivalent funds, equal to the Executive's Week of Pay multiplied
by the greater of (i) fifty-two (52), or (ii) two times his Years of Service.
"Week of Pay" means Compensation divided by fifty-two (52). "Compensation"
means, as of the date of the notice of termination, the Executive's annual base
salary then in effect, plus the targeted cash incentive that the Executive would
have been eligible to receive in the year in which the Termination Date occurs.
"Years of Service" means the number of years of Service. A partial year will be
rounded up to the next year. Payment of accrued vacation at termination does not
extend the Executive Employee's Years of Service. Any lump sum payment hereunder
is in addition to monies already owed the Executive by the Company and is in
consideration for the covenants set forth in this Agreement and the Release
hereunder. Any earned but unpaid portion of the Executive's base salary, at his
then-effective annual rate, through the Termination Date plus any amounts due to
the Executive under the accrued vacation program of the Company due to him
through the Termination Date shall be paid to the Executive in the next payroll
check regardless of whether the Executive delivers the Release.

         (d) Other Employee Benefits. Any benefits (other than severance)
payable to the Executive due to the termination of his employment shall be paid
to the Executive in accordance with the benefit payment provisions of the
applicable employee benefit plan.

         (e) Company Vehicle. If the Executive has an assigned the Company
vehicle in accordance with the Company's Vehicle Policy and the Company owns the
vehicle, the Executive will be given the opportunity to purchase the Company
vehicle assigned to the Executive at a Fair Market Value to be determined by a
designated Corporate Accounting Manager. The purchase of the assigned vehicle
should be completed within fifteen (15) days following the Termination Date.

         (f) Country Club and/or Private Club Membership. If the Executive has a
Club membership, of which monthly dues are normally paid by the Company, the
Company's responsibility for monthly club dues will cease at the end of the
month in which the Termination Date occurs. Individual Membership(s) held in the
Executive's name shall continue to be held as a private membership in the
Executive's name. Corporate Memberships may be assigned or transferred to the
Executive, if allowed by the club, at the sole discretion of the Company. If the
Company and the Executive agree to transfer a Corporate Membership to the
Executive, the Executive agrees to pay any and all transfer fees incurred as a
result of the transfer.

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         (g) Notice of Termination. Any termination of the Executive's
employment for the reasons set forth in Section 3(a) (except for reason of the
Executive's death) or by the Executive for the reasons set forth in Section 3(b)
shall be communicated by written "Notice of Termination" to the other party,
delivered in a manner provided in Section 12(f) hereof. Any "Notice of
Termination" given by the Executive pursuant to Section 3(b), or given by the
Company in connection with a termination as to which the Company believes it is
not obligated to provide the Executive with the benefits set forth in this
Section 3, shall indicate the specific provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for such termination. "Termination Date" for the purposes of
this Agreement shall mean the date on which such "Notice of Termination" is
given by the Executive or the date set forth as the Termination Date in a Notice
of Termination given by the Company.

         4. Non-Solicitation. The Executive agrees that during the Term and for
a period of one (1) year following the termination of the Executive's employment
for any reason, the Executive shall not, directly or indirectly individually or
jointly, (i) solicit in any manner, seek to obtain or service, or accept the
business of any party which is a customer of the Company as of the date of the
Agreement, for banking, trust, insurance and investment services of the type
handled by the Company, (ii) solicit in any manner, seek to obtain or service,
or accept the business of any party which was a prospective customer of the
Company for banking, trust, insurance and investment services of the type
handled by the Company, (iii) request or advise any customers or suppliers of
the Company to terminate, reduce, limit or change their business or relationship
with the Company, or (iv) induce, request or attempt to influence any employee
of the Company to terminate his or her employment with the Company. For purposes
of this Agreement, the term "customer" shall mean a person or entity who is a
customer of the Company at the time of the Executive's termination of employment
or with whom the Executive had direct contact on behalf of the Company at any
time during the period of the Executive's employment with the Company. The term
"prospective customer" shall mean a person or entity who was the direct target
of sales or marketing activity by the Executive or whom the Executive knew was a
target of the Company during the one (1) year period preceding the Executive's
termination of employment or, in the event the Executive has been employed by
the Company less than one (1) year at the Executive's termination of employment,
during the period of the Executive's employment with the Company.

         5. Covenant Not to Compete or be Employed by Competitors. (a) The
Executive hereby understands and acknowledges that, by virtue of his position
with the Company, he obtained advantageous familiarity and personal contacts
with the Company's customers, wherever located, and the business, operations and
affairs of the Company. Accordingly, during the term of this Agreement and for a
period of one (1) year following the termination of the Executive's employment
(A) which results in the payment of severance benefits under this Agreement or
(B) by the Company for cause as provided in Section 3(a)(i) hereof, the
Executive shall not, directly or indirectly:

         (i)      as owner, officer, director, stockholder, investor,
                  proprietor, organizer, or otherwise, engage in the same trade
                  or business as the Company, or in a trade or business
                  competitive with that of the Company; provided, however that

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                  the Executive is not restricted from owning less than five
                  percent (5%) of the outstanding securities of any class of any
                  entity that are listed on a national securities exchange or
                  trade in the over-the-counter market; or

         (ii)     as employee, agent, representative, consultant, independent
                  contractor, or otherwise, perform services for or render
                  assistance to or use or permit the Executive's name to be used
                  in connection with any other business, partnership,
                  proprietorship, firm, or competitive entity, organization, or
                  corporation, which services or assistance are related to, or
                  competitive with, the same trade, business, products, or
                  services as those of the Company; or

         (iii)    offer to provide employment (whether such employment is with
                  the Executive or any other business or enterprise), either on
                  a full-time or part-time or consulting basis, to any person
                  who then currently is, or who within one (1) year prior to
                  such offer or provision of employment has been, an employee of
                  the Company.

         (b) The restrictions contained in this paragraph upon the activities of
the Executive shall be limited to the geographic area which is a fifty (50) mile
radius from the principal office of the Executive.

         (c) As of the date hereof, the Company engages in the business of
banking, trust, insurance and investment services.

         6. Confidential Information. (a) The Executive agrees (i) that all
Confidential Information is confidential and is the property of the Company,
(ii) not to disclose or give possession of any Confidential Information to any
person except authorized representatives of the Company, (iii) not to directly
or indirectly use any Confidential Information (A) to compete against the
Company, or (B) for the Executive's own benefit or for the benefit of any person
other than the Company, and (iv) to promptly return to the Company following the
termination of the Executive's employment, at the Company's main office, all
Confidential Information and other property of the Company, including but not
limited to, computers, computer disks, electronic data without regard to the
means of storage, credit cards, identification cards, badges, keys, and any
other physical or personal property belonging to the Company, and any copies,
duplicates, reproductions or excerpts of any of the foregoing, even if down
loaded or copied to the Executive's personal computer, personal data assistant
or other mechanism used for storing information. This Section 6 shall not
preclude the Executive from disclosure or use of information known generally in
the public domain other than through a breach of this Agreement or from
disclosure required by law or court order.

         (b) The Executive understands, acknowledges and agrees that, during the
course of his employment with the Company, he gained and will continue to gain,
as a key employee of the Company, substantial information regarding and
competitive knowledge of and familiarity with Confidential Information of the
Company and that if the Confidential Information were disclosed or the Executive
engaged in competition against the Company, the Company would suffer irreparable
damage and injury. The Confidential Information derives substantial economic
value, among other reasons, from not being known or readily ascertainable by
proper means by others who could obtain economic value from its disclosure. The

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Executive acknowledges and agrees that the Company uses reasonable means to
maintain the secrecy of the Confidential Information.

         (c) For purposes of this Agreement, the term "Confidential Information"
means any and all (a) materials, records, data, documents, writings and
information (whether printed, computerized, on disk or otherwise) relating or
referring in any manner to the business, operations, affairs, policies,
strategies, techniques, products, product developments or customers of the
Company which are not generally known or available to the business, trade or
industry of the Company or individuals who work therein or which are not
otherwise in the public domain, in either case not through a breach of this
Agreement, and (b) trade secrets of the Company (as defined in Indiana Code
24-2-3-2, as amended, or any successor statute).

         7. Remedies. The Executive agrees that the Company will suffer
irreparable damage and injury and will not have an adequate remedy at law in the
event of any breach by the Executive of any provision of the Restrictive
Covenants (as defined below in Section 8 hereof). Accordingly, in the event of a
breach or of a threatened or attempted breach by the Executive of the
Restrictive Covenants, in addition to all other remedies to which the Company is
entitled under law, in equity, or otherwise, the Company shall be entitled to
seek injunctive relief and no bond or other security shall be required in that
connection. The Executive acknowledges and agrees that in the event of
termination of this Agreement for any reason whatsoever, the Executive can
obtain other engagements or employment of a kind and nature similar to that
performed for the Company and that the issuance of an injunction to enforce the
provisions of the Restrictive Covenants will not prevent the Executive from
earning a livelihood. The Restrictive Covenants are essential terms and
conditions to the Company entering into this Agreement, and shall be construed
as independent of any other provision in this Agreement, or any other agreement
between the Executive and the Company. The existence of any claim or cause of
action the Executive has against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the
Company of the Restrictive Covenants.

         8. Periods of Noncompliance and Reasonableness of Periods. The
restrictions and covenants contained in Sections 4 and 5 hereof (the
"Restrictive Covenants") shall be deemed not to run during all periods of
noncompliance, the intention of the parties hereto being to have such
restrictions and covenants apply for the full periods specified in Sections 4
and 5 hereof following the termination of the Executive's employment with the
Company. The Company and the Executive acknowledge and agree that the
restrictions and covenants contained in Sections 4 and 5 hereof are reasonable
in view of the nature of the business in which the Company is engaged and the
Executive's advantageous knowledge of and familiarity with the business,
operations, affairs and customers of the Company. Notwithstanding anything
contained herein to the contrary, if the scope of any restriction or covenant
contained in Sections 4 and 5 hereof is found by a court of competent
jurisdiction to be too broad to permit enforcement of such restriction or
covenant to its full extent, then such restriction or covenant shall be enforced
to the maximum extent permitted by law.

         9. Release. (a) For and in consideration of the foregoing covenants and
promises made by the Company, and the performance of such covenants and
promises, the sufficiency of which is hereby acknowledged, the Executive agrees

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to release the Company prior to the receipt of any benefits under Section 3
hereof by the Executive. Such release to be substantially in the form attached
hereto as Exhibit A.

         (b) The Executive agrees that the fact and the terms of this Agreement
shall be strictly confidential and that the Executive shall not divulge,
directly or indirectly, explicitly or implicitly, the fact or terms of this
Agreement to any person other than the Executive's spouse, attorney(s) and tax
advisor(s) or as otherwise required by law. The Executive further agrees that
for purposes of this Section 9, the Executive's spouse, attorney(s) and tax
advisor(s) are the Executive's agents and that a breach of these terms of
confidentiality by them, or any of them, shall constitute a breach by the
Executive.

         (c) The "Company and its agents," as used in this Agreement, means the
Company, its subsidiaries, affiliated, or related corporations or associations,
their predecessors, successors and assigns, and the directors, officers,
managers, supervisors, employees, representatives, servants, agents and
attorneys of the entities above described, and all persons acting, through,
under or in concert with any of them.

         10. No Reliance. The Executive represents and acknowledges that in
executing this Agreement, he does not rely and has not relied upon any
representation or statement by the Company and its agents, other than the
statements which are contained within this Agreement.

         11. No Admissions. This Agreement shall not in any way be construed as
an admission by the Company and its agents of any acts of discrimination or
other improper conduct whatsoever against the Executive or any other person, and
the Company specifically disclaims any liability to or discrimination against
the Executive or any other person on the part of itself, its employees or its
agents.

         12. Miscellaneous. (a) Further Assurances. Each of the parties hereto
shall do, execute, acknowledge, and deliver or cause to be done, executed,
acknowledged, and delivered at any time and from time to time upon the request
of any other parties hereto, all such further acts, documents, and instruments
as may be reasonably required to effect any of the transactions contemplated by
this Agreement.

         (b) Binding Effect; Assignment. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns; provided, however, that neither party hereto may assign this
Agreement without the prior written consent of the other party. Notwithstanding
the foregoing, this Agreement may be assigned, without the prior consent of the
Executive to a successor of the Company (and the Executive hereby consents to
the assignment of the Restrictive Covenants under this Agreement to a purchaser
of all or substantially all of the assets of the Company or a transferee, by
merger or otherwise, of all or substantially all of the businesses and assets of
the Company) and, upon the Executive's death, this Agreement shall inure to the
benefit of and be enforceable by the Executive's executors, administrators,
representatives, heirs, distributees, devisees, and legatees and all amounts
payable hereunder shall be paid to such persons or the estate of the Executive.

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         (c) Waiver; Amendment. No provision or obligation of this Agreement may
be waived or discharged unless such waiver or discharge is agreed to in writing
and signed by the Company and the Executive. The waiver by any party hereto of a
breach of or noncompliance with any provision of this Agreement shall not
operate or be construed as a continuing waiver or a waiver of any other or
subsequent breach or noncompliance hereunder. Except as expressly provided
otherwise herein, this Agreement may be amended, modified, or supplemented only
by a written agreement executed by the Company and the Executive.

         (d) Headings. The headings in this Agreement have been inserted solely
for ease of reference and shall not be considered in the interpretation,
construction, or enforcement of this Agreement.

         (e) Severability. All provisions of this Agreement are severable from
one another, and the unenforceability or invalidity of any provision of this
Agreement shall not affect the validity or enforceability of the remaining
provisions of this Agreement; provided, however, that should any judicial body
interpreting this Agreement deem any provision to be unreasonably broad in time,
territory, scope, or otherwise, the parties intend for the judicial body, to the
greatest extent possible, to reduce the breadth of the provision to the maximum
legally allowable parameters rather than deeming such provision totally
unenforceable or invalid.

         (f) Notice. Any notice, request, instruction, or other document to be
given hereunder to any party shall be in writing and delivered by hand,
telegram, facsimile transmission, registered or certified United States mail,
return receipt requested, or other form of receipted delivery, with all expenses
of delivery prepaid, as follows:

         If to the Executive:                        If to the Company:
         ______________________                      Old National Bancorp
         ______________________                      Post Office Box 718
         ______________________                      Evansville, Indiana 47705
                                                     ATTENTION:  General Counsel

         (g) No Counterparts. This Agreement may not be executed in
counterparts.

         (h) Governing Law; Jurisdiction; Venue; Waiver of Jury Trial. This
Agreement shall be governed by and construed in accordance with the laws of the
State of Indiana, without reference to the choice of law principles or rules
thereof. The parties hereto irrevocably consent to the jurisdiction and venue of
the state court for the State of Indiana located in Evansville, Indiana, or the
Federal District Court for the Southern District of Indiana, Evansville
Division, located in Vanderburgh County, Indiana, and agree that all actions,
proceedings, litigation, disputes, or claims relating to or arising out of this
Agreement shall be brought and tried only in such courts. EACH OF THE PARTIES
WAIVES ANY RIGHTS THAT IT MAY HAVE TO BRING A CAUSE OF ACTION IN ANY COURT OR IN
ANY PROCEEDING INVOLVING A JURY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

         (i) Entire Agreement. This Agreement constitutes the entire and sole
agreement between the Company and the Executive with respect to the termination

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of the Executive's employment and there are no other agreements or understanding
either written or oral with respect thereto, except that the Change in Control
Agreement dated January 1, 2004, by and between the Executive and the Company
shall continue in full force and effect, until otherwise terminated in
accordance with its terms.

         (j) Construction. The rule of construction to the effect that any
ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation of this Agreement. Whenever in this Agreement a singular
word is used, it also shall include the plural wherever required by the context
and vice-versa. All reference to the masculine, feminine, or neuter genders
shall include any other gender, as the context requires.

         (k) Attorneys' Fees. The prevailing party shall be entitled to
reasonable costs and expenses (including, without limitation, reasonable
attorneys' fees and disbursements) in connection with any legal action to
interpret or enforce any provision of this Agreement or for any breach of this
Agreement.

         (l) Review and Consultation. The Company and the Executive hereby
acknowledge and agree that each (i) has read this Agreement in its entirety
prior to executing it, (ii) understands the provisions and effects of this
Agreement, (iii) has consulted with such attorneys, accountants, and financial
and other advisors as it or he has deemed appropriate in connection with their
respective execution of this Agreement, and (iv) has executed this Agreement
voluntarily. THE EXECUTIVE HEREBY UNDERSTANDS, ACKNOWLEDGES, AND AGREES THAT
THIS AGREEMENT HAS BEEN PREPARED BY COUNSEL TO THE COMPANY AND THAT HE HAS NOT
RECEIVED ANY ADVICE, COUNSEL, OR RECOMMENDATION WITH RESPECT TO THIS AGREEMENT
FROM THE COMPANY OR ITS COUNSEL.

         (m) Taxes. All federal, state, local, and other taxes (including,
without limitation, interest, fines, and penalties) imposed upon the Executive
under applicable law by virtue of or relating to the transactions and the
payments to the Executive contemplated by this Agreement and any of plans shall
be paid by the Executive.

Full Name
---------

BY:      ___________________________________      _____________________________
         EXECUTIVE'S SIGNATURE                                 DATE

Company Name
------------

BY:      __________________________________       ____________________________
                                                               DATE
PRINTED NAME: ALLEN R. MOUNTS

POSITION: SVP, HUMAN RESOURCES

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                                    Exhibit A
                                    ---------

                                     NOTICE

Various local, state, and federal laws prohibit employment discrimination based
on age, sex, race, color, national origin, religion, handicap, or veteran
status. These laws are enforced through the Equal Employment Opportunity
Commission (EEOC), the U.S. Department of Labor, the Indiana Civil Rights
Commission, and/or any other similar state entity, agency or commission. If you
feel that your decision to enter into the attached Release of All Claims was
coerced or is discriminatory, you are encouraged to speak with Allen Mounts
(812-464-1411) or other appropriate Old National Bancorp officials. You should
also discuss the language of this Release of All Claims with a lawyer of your
own choosing. In any event, you should thoroughly review and understand the
effect of this Release of All Claims before acting on it; therefore, please take
this Release of All Claims home and review it. You may take up to twenty-one
(21) days before signing this Release of All Claims.

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                              RELEASE OF ALL CLAIMS
                              ---------------------

         FOR VALUABLE CONSIDERATION, including the payment to the Executive of
certain severance benefits, the Executive hereby makes this Release in favor of
Old National Bancorp (including all subsidiaries and affiliates) (the "Company")
and its agents as set forth herein.

         1. The Executive releases, waives and discharges the Company and its
agents (as defined below) from all rights and claims arising out of the
Executive's employment relationship with the Company that are known or might be
known on the date of the execution of this Release including but not limited to,
discrimination claims based on age, race, sex, religion, national origin,
disability, veterans status or any other claim of employment discrimination
including claims arising under The Civil Rights Act of 1866, 42 U.S.C. Section
1981; Title VII of the Civil Rights Act of 1964; the Americans with Disabilities
Act; the Age Discrimination in Employment Act of 1967; the Federal
Rehabilitation Act of 1973; the Older Workers' Benefits Protection Act; the
Employee Retirement Income Security Act of 1974; the Indiana Civil Rights Act,
the Indiana Wage Payment and Wage Claims Acts, any Federal or State wage and
hour laws and all other similar Federal or State statutes; and any and all tort
or contract claims, including, but not limited to, breach of contract, breach of
good faith and fair dealing, infliction of emotional distress, or wrongful
termination or discharge.

         2. The Executive further acknowledges that the Company has advised the
Executive to consult with an attorney of the Executive's own choosing and that
he has had ample time and adequate opportunity to thoroughly discuss all aspects
of this Release with legal counsel prior to executing this Release.

         3. The Executive agrees that the Executive is signing this Release of
his own free will and is not signing under duress.

         4. In the event the Executive is forty (40) years of age or older, the
Executive acknowledges that the Executive has been given a period of twenty-one
(21) days to review and consider a draft of this Release in substantially the
form of the copy now being executed, and has carefully considered the terms of
this Release. The Executive understands that the Executive may use as much or
all of the twenty-one (21) day period as the Executive wishes prior to signing,
and the Executive has done so.

         5. In the event the Executive is forty (40) years of age or older, the
Executive has been advised and understands that the Executive may revoke this
Release within seven (7) days after acceptance. ANY REVOCATION MUST BE IN
WRITING AND HAND-DELIVERED TO:

                              Old National Bancorp
                              Attn:  General Counsel
                              420 Main Street
                              Evansville, Indiana 47708

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NO LATER THAN BY CLOSE OF BUSINESS ON THE SEVENTH (7TH) DAY FOLLOWING THE DATE
OF EXECUTION OF THIS RELEASE.

         6. The "Company and its agents," as used in this Release, means the
Company, its subsidiaries, affiliated, or related corporations or associations,
their predecessors, successors and assigns, and the directors, officers,
managers, supervisors, employees, representatives, servants, agents and
attorneys of the entities above described, and all persons acting, through,
under or in concert with any of them.

         7. The Executive agrees to speak well of and refrain from voicing any
criticism of the Company and its agents. The Company agrees to refrain from
providing any information to third parties other than confirming dates of
employment and job title, unless the Executive gives the Company written
authorization to release other information or as otherwise required by law. With
respect to the Company, this restriction pertains only to official
communications made by the Company's directors and/or officers and not to
unauthorized communications by the Company's employees or agent. This
restriction will not bar the Company from disclosing the Release as a defense or
bar to any claim made by the Executive in derogation of this Release.

PLEASE READ CAREFULLY BEFORE SIGNING. THIS RELEASE CONTAINS A RELEASE AND
DISCHARGE OF ALL KNOWN AND UNKNOWN CLAIMS AGAINST THE COMPANY AND ITS AGENTS
EXCEPT THOSE RELATING TO THE ENFORCEMENT OF THIS RELEASE OR THOSE ARISING AFTER
THE EFFECTIVE DATE OF THIS RELEASE.

                                       12Exhibit 10 (b)

                           CHANGE OF CONTROL AGREEMENT

THIS CHANGE OF CONTROL AGREEMENT (the "Agreement") is made as of the 1st day of
January, 2004, between OLD NATIONAL BANCORP, an Indiana corporation and
registered financial holding company under the Bank Holding Company Act of 1956,
as amended (the "Company"), and ______________ of the Company (the "Executive").

                                   WITNESSETH:

WHEREAS, the Company desires to assure continuity of its management, to enable
its executives to devote their full attention to management responsibilities
and, when faced with a possible Change in Control (as hereinafter defined), to
help the Board of Directors of the Company assess options and advise as to the
best interest of the Company and its shareholders without being influenced by
the uncertainties of their own situations, and to demonstrate to executives the
interests of the Company in their well-being and fair treatment in the event of
a Change in Control;

WHEREAS, to that end, the Company desires to assure Executive that he will
receive certain benefits in the case of the Executive's termination or a
significant change in the terms of the Executive's employment as a result of a
Change in Control; and

WHEREAS, in order to induce the Executive to remain in the employ of the
Company, particularly in the event of a threat of or the occurrence of a Change
in Control, the Company desires to enter into this Agreement with the Executive.

NOW, THEREFORE, in consideration of the premises contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Executive and the Company agree as follows:

Section 1.        Term
----------        ----

The term of this Agreement shall begin on January 1, 2004, and shall continue
until terminated as hereinafter provided.

Section 2.        Benefits Upon a Change in Control
----------        ---------------------------------

(a)  The Company shall provide the Executive with the benefits set forth in
     Section 2(c) hereof upon any termination of the Executive's employment by
     the Company during the two (2) year period following the first Change in
     Control which occurs during the term of this Agreement for any reason
     except the following:

     (i)  Termination of the Executive for Cause (as hereinafter defined) by the
          Company. For purposes of the Agreement, "Cause" shall be defined as
          (A) action by the Executive involving willful misconduct or gross
          negligence materially injurious to the Company, (B) the requirement or
          direction of a federal or state regulatory agency having jurisdiction
          over the Company, (C) conviction of the Executive of the commission of
          any criminal offense involving dishonesty or breach of trust, (D) any

<PAGE>

          material violation of any portions of the Company's Code of Ethics
          which continues after written notice to the Executive that the
          continuation of such conduct will result in the termination of the
          Executive's employment with the Company for Cause, or (E) any
          intentional breach by the Executive of a material term, condition or
          covenant of this Agreement. Notwithstanding the foregoing, the
          Executive shall not be deemed to have been terminated for Cause unless
          there shall have been delivered to the Executive a copy of a notice of
          termination from the Company accompanied by a resolution duly adopted
          by a majority of the Directors then in office, finding that in the
          good faith opinion of the Directors, the termination of the
          Executive's employment is for Cause, specifying the particulars
          thereof in detail, and granting an opportunity, following a reasonable
          period of time, for the Executive, together with the Executive's
          counsel, to be heard before the Board of Directors;

     (ii) Disability of the Executive, as determined under the policies and
          procedures of the Company as in effect immediately prior to the Change
          in Control. Termination pursuant to this Section 2(a)(ii) shall not
          affect any rights which the Executive may have under any disability
          policy or program of the Company;

    (iii) Voluntary retirement of the Executive in accordance with policies and
          procedures of the Company in effect immediately prior to the Change in
          Control; or

     (iv) Death of the Executive.

(b)  Except in connection with the termination of the Executive's employment for
     reasons set forth in Section 2(a)(i)-(iv) hereof, the Company shall also
     provide the Executive with the benefits set forth in Section 2(c) hereof if
     a Change in Control occurs during the term of this Agreement and the
     Executive terminates the Executive's employment during the two (2) year
     period following the Change in Control after the happening of one or more
     of the following events:

     (i)  Without the express written consent of the Executive, the assignment
          of the Executive to any duties materially inconsistent with the
          Executive's positions, duties, responsibilities (including reporting
          responsibilities), title, or status with the Company immediately prior
          to the Change in Control or a substantial reduction of the Executive's
          duties or responsibilities, or any removal of the Executive from, or
          any failure to reelect the Executive to, any positions held by the
          Executive prior to the Change in Control;

     (ii) A reduction by the Company in the compensation or benefits of the
          Executive in effect immediately prior to the Change in Control, or any
          failure to include the Executive in any incentive, bonus or other
          employee welfare or benefit plans as may be offered by the Company
          from time to time to other similarly situated executives of the
          Company;

    (iii) A requirement the Executive be based at any location other than
          within a fifty (50) mile radius of the location at which the Executive

<PAGE>

          was based immediately prior to the Change in Control, except for
          required travel pertaining to the Company's business in accordance
          with the Company's management practices in effect prior to a Change in
          Control or with the prior written consent of the Executive;

     (iv) Any purported termination of the Executive's employment for Cause as
          defined in Section 2(a)(i) hereof or for disability without grounds;

     (v)  Any failure of the Company to obtain the assumption of the obligation
          to perform this Agreement by any successor as contemplated in Section
          7(b) hereof; or

     (vi) Any material breach by the Company of any of the provisions of this
          Agreement or any other material written agreement between the Company
          and the Executive or any failure by the Company to carry out any of
          its obligations hereunder or thereunder.

(c)  Subject to Sections 2(a) and 2(b) hereof, within thirty (30) days of the
     date of termination under Section 2(a) or 2(b) hereof, the Company shall
     pay to the Executive the amounts provided in subsections (i) and (ii)
     below, less any withholding therefrom under applicable federal, state, or
     local income tax, other tax, or social security laws or similar statutes.

     (i)  A lump sum single payment in cash or cash equivalent funds in an
          amount equal to the aggregate of the following:

          (A)  The Executive's base salary, at the then-effective annual rate,
               through the last day of employment of the Executive, to the
               extent not theretofore paid, plus any amounts due to the
               Executive under any insurance, health, retirement, profit
               sharing, or other employee welfare or benefit plan or the accrued
               vacation program of the Company due to the Executive through the
               last day of employment of the Executive; plus

          (B)  a lump sum single cash payment equal to 2.999 times (2 times for
               Daryl D. Moore) the Base Amount (as defined in Section 280G of
               the Internal Revenue Code of 1986, as amended, and the
               regulations promulgated thereunder).

     (ii) To the extent that any payment made to the Executive pursuant to
          Section 2(a) or 2(b) hereof constitutes an "excess parachute payment,"
          as such term is defined in Section 280G(b)(1) of the Internal Revenue
          Code of 1986, as amended, or the Executive becomes subject to any
          excise tax as a result of the acceleration of unvested stock options,
          the Company shall pay to the Executive a lump sum single payment in
          cash or cash equivalent funds in an amount equal to (x) the aggregate
          dollar amount of excise taxes and any surtax the Executive becomes
          obligated to pay on such "excess parachute payments", divided by (y)
          one (1) minus the sum of the maximum marginal federal income tax rate
          (for married individuals filing jointly) plus the maximum marginal
          state income tax rate plus the maximum marginal local income tax rate

<PAGE>

          plus the excise tax rate applicable for the year in which the
          Executive receives the payment provided under this Section 2(c)(ii),
          it being the intent of this Section, that if the Executive incurs any
          such excise tax or surtax with respect to the payments, such payments
          to him shall be grossed up in full for such excise tax and surtax, so
          that the amount he retains, after paying all applicable federal
          income, surtaxes and excise taxes due with respect to payments to him
          under this Section is the same as the amount he would have retained if
          Section 280G of the Code and any applicable surtax had not been
          applicable.

(d)  "Change in Control" means the first occurrence of any of the following
     events:

     (i)  the acquisition by any person, entity or "group" (as defined in
          Section 13(d) of the Act), other than the Company, a subsidiary, and
          any employee benefit plan of the Company or a subsidiary, of 25% or
          more of the combined voting power of the Corporation's then
          outstanding voting securities;

     (ii) the persons who were serving as the members of the Board of Directors
          immediately prior to the commencement of a proxy contest relating to
          the election of directors or a tender or exchange offer for voting
          securities of the Company (the "Incumbent Directors") shall cease to
          constitute at least a majority of the Board of Directors (or the board
          of directors of any successor to the Company) at any time within one
          year of the election of directors as a result of such contest or the
          purchase or exchange of voting securities of the Corporation pursuant
          to such offer, provided that any director elected to the Board of
          Directors, or nominated for election, by a majority of the Incumbent
          Directors then still in office and whose nomination or election was
          not made at the request or direction of the person(s) initiating such
          contest or making such offer shall be deemed to be an Incumbent
          Director for purposes of this clause (ii);

    (iii) consummation of a merger, reorganization or consolidation of the
          Company, as a result of which persons who were shareholders of the
          Company immediately prior to such merger, reorganization or
          consolidation, do not, immediately thereafter, own, directly or
          indirectly and in substantially the same proportions as their
          ownership of the stock of the Corporation immediately prior to the
          merger, reorganization or consolidation, more than 50% of the combined
          voting power entitled to vote generally in the election of directors
          of (x) the merged, reorganized or consolidated company or (y) an
          entity that, directly or indirectly, owns more than 50% of the
          combined voting power entitled to vote generally in the election of
          directors of the company described in subclause (x);

     (iv) the shareholders of the Company approve a sale, transfer or other
          disposition of all or substantially all of the assets of the
          Corporation, which is consummated and immediately following which the
          persons who were shareholders of the Company immediately prior to such
          sale, transfer or disposition, do not own, directly or indirectly and
          in substantially the same proportions as their ownership of the stock
          of the Company immediately prior to the sale, transfer or disposition,
          more than 50% of the combined voting power entitled to vote generally

<PAGE>

          in the election of directors of (x) the entity or entities to which
          such assets are sold or transferred or (y) an entity that, directly or
          indirectly, owns more than 50% of the combined voting power entitled
          to vote generally in the election of directors of the entities
          described in subclause (x);and

     (v)  the shareholders of the Company approve a liquidation of the Company.

(e)  Any termination of the Executive's employment for the reasons set forth in
     Section 2(a) hereof (except for reason of the Executive's death) or by the
     Executive for the reasons set forth in Sections 2(b) hereof shall be
     communicated by written "Notice of Termination" to the other party,
     delivered in a manner provided in Section 6(k) hereof. Any "Notice of
     Termination" given by the Executive pursuant to Section 2(b) hereof, or
     given by the Company in connection with a termination as to which the
     Company believes it is not obligated to provide the Executive with the
     benefits set forth in Section 2(c) hereof, shall indicate the specific
     provision in this Agreement relied upon and shall set forth in reasonable
     detail the facts and circumstances claimed to provide a basis for such
     termination. "Date of Termination" for the purposes of this Agreement shall
     mean the date on which such "Notice of Termination" is given.

Section 3.        Payment of Certain Costs of the Executive
----------        -----------------------------------------

If a dispute arises regarding a termination of the Executive's employment
subsequent to a Change in Control or the interpretation or enforcement of this
Agreement and the Executive obtains a final judgment in favor of the Executive
from a court of competent jurisdiction or the claim is settled by the Company
prior to the rendering of a judgment by such a court, all legal fees and
expenses incurred by the Executive in contesting or disputing any such
termination or seeking to obtain or enforce any right or benefit provided for in
this Agreement or in otherwise pursuing the claim will be paid by the Company,
to the extent permitted by law.

Section 4.        Covenant of Confidentiality; Surrender of Records
---------         --------------------------------------------------

(a)  The Executive shall keep confidential and not improperly divulge for the
     benefit of another party or use for the benefit of the Executive, the
     Company's confidential information including, but not limited to, business
     secrets relating to the Company's finances, operations, and customer lists.
     All of the Company's confidential information shall be the sole and
     exclusive property of the Company. The covenants on the part of the
     Executive contained in this Agreement are essential terms and conditions to
     the benefits to be received by the Executive in the event of a Change in
     Control, and shall be construed as independent of any other non-compete and
     non-solicitation agreement or employment agreement entered into between the
     Executive and the Company (each a "Prior Agreement"). This Agreement shall
     not terminate, modify, amend or otherwise change any Prior Agreement and
     such terms and conditions of any Prior Agreement shall remain in full force
     and effect.

(b)  Upon termination of the Executive's employment for any reason, the

<PAGE>

     Executive shall immediately surrender (or purge as it relates to electronic
     copies) to the Company all Company records, notes, documents, forms,
     manuals, or other written or printed material (including material in
     electronic format), and all copies thereof, in the possession or control of
     the Executive, which pertains to the business of the Company and which
     would not be available publicly. The Executive agrees that all of the
     foregoing shall be and remain the sole and exclusive property of the
     Company.

Section 5.        Termination
----------        -----------

This Agreement shall automatically terminate without notice to the Executive
upon the termination of the Executive's employment with the Company for any
reason prior to any Change in Control. This Agreement shall not create or
constitute an agreement, contract, understanding, commitment or arrangement for
the employment of the Executive by the Company. Accordingly, the Company
understands, acknowledges and agrees that the Executive has the right to
terminate the Executive's employment with the Company at any time for any
reason. Likewise, the Executive understands, acknowledges and agrees that the
Company has the right to terminate the Executive's employment with the Company
at any time for any reason. If the Executive's employment is terminated prior to
a Change in Control and the Executive reasonably demonstrates that such
termination (i) was at the request of a third party who has indicated an
intention or taken steps reasonably calculated to effect a Change in Control, or
(ii) otherwise occurred in connection with or in anticipation of a Change in
Control, then for all purposes of this Agreement, the Executive shall be deemed
to have been terminated by the Company following a Change in Control and shall
be entitled to the benefits set forth in Section 2(c) hereof.

Section 6.        Miscellaneous
----------        -------------

(a)  Binding Effect; Assignment. This Agreement shall be binding upon and inure
     to the benefit of the parties hereto and their respective successors and
     assigns; provided, however, that neither party hereto may assign this
     Agreement without the prior written consent of the other party. Upon the
     Executive's death, this Agreement shall inure to the benefit of and be
     enforceable by the Executive's executors, administrators, representatives,
     heirs, distributees, devisees, and legatees and all amounts payable
     hereunder shall be paid to such persons or the estate of the Executive.
     Because this Agreement is personal in nature, the Executive's right to
     receive compensation and benefits hereunder shall not be assignable or
     transferable, whether by pledge, creation of a security interest, or
     otherwise and, in the event of any attempted assignment or transfer
     contrary to this subsection, the Company shall have no liability to pay any
     amounts so attempted to be assigned or transferred.

(b)  Waiver; Amendment. No provision or obligation of this Agreement may be
     waived or discharged unless such waiver or discharge is agreed to in
     writing and signed by the Company and the Executive. The waiver by any
     party hereto of a breach of or noncompliance with any provision of this
     Agreement shall not operate or be construed as a continuing waiver or a
     waiver of any other or subsequent breach or noncompliance hereunder. Except

<PAGE>

     as expressly provided otherwise herein, this Agreement may be amended,
     modified, or supplemented only by a written agreement executed by the
     Company and the Executive.

(c)  Headings. The headings in this Agreement have been inserted solely for ease
     of reference and shall not be considered in the interpretation,
     construction, or enforcement of this Agreement.

(d)  Severability. All provisions of this Agreement are severable from one
     another, and the unenforceability or invalidity of any provision of this
     Agreement shall not affect the validity or enforceability of the remaining
     provisions of this Agreement; provided, however, that should any judicial
     body interpreting this Agreement deem any provision to be unreasonably
     broad in time, territory, scope, or otherwise, the parties intend for the
     judicial body, to the greatest extent possible, to reduce the breadth of
     the provision to the maximum legally allowable parameters rather than
     deeming such provision totally unenforceable or invalid.

(e)  Counterparts. This Agreement may be executed in any number of counterparts,
     each of which shall be an original, but such counterparts shall together
     constitute one and the same agreement.

(f)  Governing Law; Jurisdiction; Venue; Waiver of Jury Trial. This Agreement
     shall be governed by and construed in accordance with the laws of the State
     of Indiana, without reference to the choice of law principles or rules
     thereof. The parties hereto irrevocably consent to the jurisdiction and
     venue of the state court for the State of Indiana located in Evansville,
     Indiana, or the Federal District Court for the Southern District of
     Indiana, Evansville Division, located in Vanderburgh County, Indiana, and
     agree that all actions, proceedings, litigation, disputes, or claims
     relating to or arising out of this Agreement shall be brought and tried
     only in such courts. EACH OF THE PARTIES WAIVES ANY RIGHTS THAT IT MAY HAVE
     TO BRING A CAUSE OF ACTION IN ANY COURT OR IN ANY PROCEEDING INVOLVING A
     JURY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

(g)  Entire Agreement. This Agreement constitutes the entire and sole agreement
     between the Company and the Executive or any other party or parties with
     respect to the Executive's employment following a Change in Control, and
     there are no other agreements or understanding either written or oral with
     respect thereto.

(h)  Construction. The rule of construction to the effect that any ambiguities
     are to be resolved against the drafting party shall not be employed in the
     interpretation of this Agreement. Whenever in this Agreement a singular
     word is used, it also shall include the plural wherever required by the
     context and vice-versa. All reference to the masculine, feminine, or neuter
     genders shall include any other gender, as the context requires.

<PAGE>

(i)  Review and Consultation. The Company and the Executive hereby acknowledge
     and agree that each (i) has read this Agreement in its entirety prior to
     executing it, (ii) understands the provisions and effects of this
     Agreement, (iii) has consulted with such attorneys, accountants, and
     financial and other advisors as it or he has deemed appropriate in
     connection with their respective execution of this Agreement, and (iv) has
     executed this Agreement voluntarily. THE EXECUTIVE HEREBY UNDERSTANDS,
     ACKNOWLEDGES, AND AGREES THAT THIS AGREEMENT HAS BEEN PREPARED BY LEGAL
     COUNSEL TO THE COMPANY AND THAT HE HAS NOT RECEIVED ANY ADVICE, COUNSEL, OR
     RECOMMENDATION WITH RESPECT TO THIS AGREEMENT FROM SUCH COUNSEL.

(j)  Successors. The Company shall require any successor (whether direct or
     indirect, by purchase, merger, consolidation, share exchange, combination,
     or otherwise) to all or substantially all of the business, assets, or
     voting securities of the Company, by written agreement in form and in
     substance reasonably satisfactory to the Executive, to expressly assume and
     agree to perform this Agreement in the same manner and extent, and upon the
     same terms and conditions, that the Company would be required to perform it
     if no such succession had taken place. Failure of the Company to obtain
     such agreement prior to the effectiveness of any such succession shall be a
     material intentional breach of this Agreement and shall entitle the
     Executive to terminate the Executive's employment with the Company pursuant
     to Section 2(b)(v) hereof. As used in this Agreement, the "Company" shall
     mean the Company as hereinbefore defined and any successor to its business,
     assets, or voting securities as aforesaid. The Company as referred to in
     this Agreement shall also be deemed to include the affiliates of the
     Company which employ the Executive.

(k)  Notices. For purposes of this Agreement, notices, and all other
     communications provided for herein shall be in writing and shall be deemed
     to have been given (i) if hand delivered, upon delivery to the party, or
     (ii) if mailed, two (2) days following deposit of the notice or
     communication with the United States Postal Service by registered or
     certified mail, return receipt requested, postage prepaid, addressed as
     follows:

           If to the Executive:

           If to the Company:             Old National Bancorp
                                          Attn: General Counsel
                                          P. O. Box 718
                                          Evansville, Indiana 47705

or to such other address as either party hereto may have furnished to the other
party in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt.

IN WITNESS WHEREOF, the parties hereto have entered into, executed, and
delivered this Agreement as of the day and year first above written.

<PAGE>

EXECUTIVE

_______________________________

OLD NATIONAL BANCORP

By:____________________________

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