Document:

Exhibit
10.2

 

Non-Solicitation
and Confidentiality Agreement

 

 

 

This Non-Solicitation
and Confidentiality Agreement (“Agreement”) is made on this ___ day of ____, between ______________________ (the
“Employee”) and Peoples Bank SB (the “Peoples” or “Bank”). In consideration of Employee’s
employment and continued employment, the payment of remuneration and benefits by the Bank and the Bank’s promise to provide
Employee with access to customers, Confidential Information and trade secrets, which the parties recognize to be good, valuable
and sufficient consideration for the Agreement, Employee and the Bank agree as follows:

 

		1.	Employee agrees that during the term of his/her employment, and for a period of one year from the date of his/her termination
of employment for any reason, Employee will not, in a competitive capacity,
on behalf of any person or entity other than the Bank, directly or indirectly:

		(a)	solicit, divert (or attempt to solicit or divert) or accept competitive business from any
customer of the Bank with whom Employee has had contact (either directly or indirectly), provided services to, or over which Employee
has had responsibility at any time in the one (1) year preceding his/her separation; 

		(b)	solicit, divert (or attempt to solicit or divert) or accept competitive business from any
customer of Bank about whom Employee has obtained Confidential Information; and

		(c)	directly or indirectly assist in the research
and development of products or services where such research and development would be aided by any Confidential Information that
Employee has learned in the course of his/her relationship with the Bank.

For
purposes of this Agreement, the term “competitive capacity” shall mean (i) performing tasks or duties similar to those
Employee performed in his/her last year of employment at the Bank for a competitor of the Bank; (ii) managing/supervising those
who, for a competitor of the Bank, perform tasks or duties similar to those which Employee performed in the last year of his/her
employment at Bank; or (iii) performing, on behalf of a competitor of the Bank, tasks or duties in which Employee utilizes any
Confidential Information that he/she learned in the course of his/her relationship with the Bank.

 

		2.	Employee acknowledges and agrees that as a result of his/her employment with the Bank, he/she will have access to and be involved
in the development and/or utilization of the Bank’s (and its parent’s, affiliates’ and/or subsidiaries’)
confidential and proprietary business information (“Confidential Information”). Accordingly, Employee agrees that he/she
shall not, either during his/her employment by the Bank or at any time thereafter, disclose to anyone (except as authorized by
the Bank in the furtherance of its business) or use in competition with Peoples, any of the Bank’s (or its parent’s,
affiliate’s and/or subsidiaries’) Confidential Information. The Bank’s’ (and its parent’s, affiliates’
and/or subsidiaries’) Confidential Information includes, without limitation, all materials and information (whether written
or not) about Peoples’ contracts, business plans, business partners, customers and prospective customers (including their
product requirements and payment terms), vendors, suppliers, current and prospective products and services, sales, marketing, pricing,
costs, budgets, financing, promotions, techniques, processes and forms, purchasing, finances, accounting, research, improvements,
discoveries, inventions, experimental works-in-progress, formulae, software, licenses, business methods and tactics, quality control
parameters and techniques, internal communications, production, output, profit margins, and/or any other aspect of the Bank’s
business or operations (including, but not limited to, information concerning, relating to, or arising out of relationships with
suppliers, vendors, customers, lenders, or other business affiliates) which are not generally known by the public at large and/or
which provide the Bank with a competitive advantage.

 

     

     

    

 

		3.	Employee recognizes that all information, however stored or memorialized,
and all identification cards, keys, access codes, marketing materials, samples, notes, customer, supplier and other lists, documents,
forms, computers, records, and other equipment or property which the Bank provides to or makes available to him/her are the sole
property of the Bank. Employee shall use such property solely for the benefit of Peoples and for no other purpose. Upon the cessation
of his/her employment with the Bank and without prior request, Employee shall (i) refrain from taking any such property from the
Bank’s premises; (ii) immediately return to the Bank any such property that may be in his/her possession or control (including
any and all copies thereof); (iii) permanently delete any such property that may remain on any personal storage device that remains
in Employee’s possession after his/her employment ends; and (iv) certify in writing that Employee has complied with this
paragraph. 

 

		4.	For a period of one year after his/her termination, the Employee agrees that he/she will not, directly or indirectly, for himself/herself
or for any third party, solicit, induce, recruit, or cause another person in the employ of the Bank (i) who reported directly or
indirectly to the Employee, (ii) whose confidential employment information was accessible by the Employee, or (iii) whose customer
relationships were known to the Employee, to terminate his/her employment for the purpose of joining, associating, or becoming
employed with another person, business organization or other entity that is in competition with any product or service provided
by the Bank, or any business or activity of the Bank.

 

		5.	Employee agrees that it would be difficult to measure damages to the
Bank from any breach of covenants contained in this Agreement, but that such damages from any breach would be great, incalculable,
and irremediable, and that damages would be an inadequate remedy. Accordingly, Employee agrees to waive any claim that Peoples
has an adequate remedy at law and further agrees that the Bank may have specific performance of the terms of this Agreement in
any court having jurisdiction. Employee further agrees that if he/she violates this Agreement, the Employee hereby agrees
to indemnify the Bank against any and all damages, costs, and expenses, including reasonable attorneys’ fees, incurred by
the Bank in enforcing the terms of this Agreement, or prosecuting any action or claim arising by reason of the Employee’s
violation of this Agreement.

 

		6.	The existence of any claim or cause of action by Employee against the Bank shall
not constitute a defense to the enforcement by the Bank of Paragraphs 1, 2, 3, and 4 of this Agreement.

 

		7.	This Agreement does not create any right to employment or employment contract between the Employee and the Bank in which the
Employer/Employee relationship is employment at will.

 

		8.	The Employee understands he/she may not assign this Agreement because it is the intent that he/she personally provide services
hereunder. The Bank may, however, unilaterally assign this Agreement to a related entity, a successor, or an assign.

 

    	 	2	 

     

    

 

		9.	Notwithstanding the assignability language in Paragraph 8, the parties agree that, in the event of a Change in Control of the
Bank or NorthWest Indiana Bancorp (“NorthWest”), the Employee will no longer be bound by the restrictions in Paragraphs
1 and 4. For purposes of this Agreement, a Change in Control will occur if, within any 12 month period, (i) any person, or more
than one person acting as a group within the meaning of Section 13(d) of the Securities Exchange Act of 1934, becomes the beneficial
owner, directly or indirectly, of more than 50% of the issued and outstanding common stock of (or more than 50% of the total voting
power of the stock of) the Bank (or NorthWest); (ii) any person, or more than one person acting as a group within the meaning of
Section 13(d) of the Securities Exchange Act of 1934, acquires all or substantially all of the assets of the Bank (or NorthWest);
or (iii) the majority of the members of the Bank’s (or NorthWest’s) board of directors is replaced by directors whose
appointment or election was not endorsed by a majority of the members of NorthWest before the date of the appointment or election.

 

		10.	The laws of the State of Indiana shall govern this Agreement. The Bank is based in Indiana, and the Employee understands and
acknowledges its desire and need to defend any litigation against it in Indiana. Accordingly, the parties agree that any claim
of any type brought by the Employee against the Bank or any of its employees or agents must be maintained only in a court sitting
in Lake County, Indiana or, if a federal court, the Northern District of Indiana, Hammond Division. The Employee further understands
and acknowledges that in the event the Bank initiates litigation against him/her, the Bank may need to prosecute such litigation
in the Employee’s forum state, in the State of Indiana or in such other states where the Employee is subject to personal
jurisdiction. Accordingly, the parties agree that the Bank can pursue any claim against the Employee in any forum in which he/she
is subject to personal jurisdiction. The Employee specifically consents to personal jurisdiction in the State of Indiana, as well
as any state in which a customer assigned to the Employee resides or is located.

 

		11.	The parties expressly agree that the terms of this Agreement are reasonable, enforceable, and necessary to protect the Bank’
interests and will not affect Employee’s ability to earn a livelihood. In the unlikely event, however, that a court determines
that any of the terms, provisions, or covenants contained in this Agreement are unreasonable, the court shall limit the application
of such term, provision, or covenant, or modify any such term, provision, or covenant and proceed to enforce the Agreement as so
limited or modified. Consequently, if any provision of this Agreement is determined to be unenforceable, the remaining provisions
shall remain in full force and effect. The parties further agree that if any provision is susceptible of two or more constructions,
one of which would render the provision unenforceable, then the provision shall be construed to have the meaning that renders it
enforceable.

 

		12.	Employee acknowledges and agrees that, after his/her separation of employment, Employee will possess Peoples’ trade secrets
and Confidential Information which he/she would inevitably use if he/she were to engage in conduct prohibited above, that such
use would be unfair, and extremely detrimental, to the Bank and, in view of the benefits provided to Employee in this Agreement,
that such conduct on Employee’s part would be inequitable. Accordingly, Employee separately and severally agrees for the
benefit of Peoples to keep each of the covenants described above throughout the one (1)
year restricted period.

 

		13.	Employee acknowledges and agrees that, in executing this Agreement, he/she has not relied on any representations or statements
not set forth herein made by the Bank with regard to the subject matter, basis or effect of this Agreement, or otherwise. Employee
understands that this Agreement cannot be amended, modified, or waived, except by a writing signed by Employee and the Chief Executive
Officer of the Bank.

 

    	 	3	 

     

    

 

		14.	Employee acknowledges that he/she has a duty to contact the Bank if Employee has any questions regarding whether or not a particular
employment or conduct would be restricted by this Agreement.

 

		15.	Employee acknowledges that he/she has a duty to immediately inform the Bank in writing of any employment or similar relationship
he/she enters into within one (1) year of his/her termination of
employment (for whatever reason) with the Bank.

 

		16.	Employee acknowledges that the restricted period of time set forth herein (e.g., one (1)
year) is a material term of this Agreement and that the Bank is entitled to Employee’s compliance with these terms
during that full period of time. Therefore, Employee agrees that the restricted period of time is tolled during any period of non-compliance.
If the Bank must seek injunctive relief or judicial intervention, the restricted time period set forth herein does not commence
until Employee is judged by a court of competent jurisdiction to be in full compliance with this Agreement.

 

		17.	This Agreement constitutes the entire agreement of the parties and supersedes all prior agreements addressing the terms, conditions
and issues contained herein. Notwithstanding the foregoing, nothing in this Agreement is intended to or shall limit, supersede,
nullify, or affect any other duty or responsibility Employee may have or owe the Bank by virtue of any separate agreement or otherwise.

 

		18.	Employee acknowledges that any failure by the Bank to insist upon strict compliance with any terms or provisions of this Agreement
shall not be deemed a waiver of any terms, provisions, or rights.

 

		19.	Employee acknowledges that his/her employment and/or continued employment with the Bank, the compensation paid to him/her by
the Bank, and the Confidential Information and trade secrets provided to Employee by Peoples are sufficient consideration for the
covenants contained herein.

 

		20.	Employee certifies that he/she has carefully read the entire content of this Non-Solicitation and Confidentiality Agreement,
that Employee was afforded sufficient opportunity to obtain independent legal advice prior to executing this Agreement, and that
Employee fully understands all of its terms, conditions and restrictions. In addition, Employee acknowledges that any legal action
taken by Peoples to enforce this Agreement shall not be deemed an attempt to prevent Employee from obtaining other employment.

 

	 	 	PEOPLES BANK SB
	 	 	 	 
	 	 	By:	 
	Employee Signature	 	 	Benjamin Bochnowski
	 	 	 	President  & Chief Executive Officer
	 	 	 	 
	 	 	 	 
	Employee Printed Name	 	 	 

 

 

[Signature
Page to Non-Solicitation and Confidentiality Agreement]

 

    	 	4Exhibit

Exhibit 10.1

Restricted Stock Unit Agreement #

RESTRICTED STOCK UNIT AGREEMENT

This Restricted Stock Unit Agreement (the “Agreement”) is made as of the award date set forth in the grant (the “Grant Date”), between WOLVERINE WORLD WIDE, INC., a Delaware corporation (“Wolverine”), and the employee identified in the grant (“Employee”).

The Wolverine World Wide, Inc. Stock Incentive Plan of 2016, as amended and restated and as it may be further amended from time to time (the “Plan”) is administered by the Compensation Committee of Wolverine’s Board of Directors (the “Committee”).  The Committee has determined that Employee is eligible to participate in the Plan and has awarded restricted stock units to Employee, subject to the terms and conditions contained in this Agreement and in the Plan.

The Committee has awarded to Employee restricted stock units of Wolverine subject to the terms, conditions and restrictions contained in this Agreement and in the Plan (the “Restricted Stock Unit Award”).  Employee acknowledges receipt of a copy of the Plan and accepts this restricted stock unit award subject to all of the terms, conditions, and provisions of this Agreement and the Plan.

1.    Award.  Wolverine hereby awards to Employee the Restricted Stock Unit Award consisting of the number of restricted stock units as set in the grant (the “Restricted Stock Units”), which shall be eligible to vest in in accordance with the terms of this Agreement and the Plan.  Each Restricted Stock Unit shall represent the conditional right to receive, without payment but subject to the terms, conditions and limitations set forth in this Agreement and in the Plan, on the applicable vesting date one share of common stock of the Company (“Common Stock”) or, at the option of the Committee, a cash payment in an amount equal to the Fair Market Value (as defined in the Plan) of a share of Common Stock on the date of vesting multiplied by the number of shares of Common Stock that vest hereunder, subject to any applicable withholdings required by applicable laws.

2.    Transferability.  Until the Restricted Stock Units vest as set forth in this Agreement, the Plan provides that Restricted Stock Units are generally not transferable by Employee except by will or according to the laws of descent and distribution, and further provides that all rights with respect to the Restricted Stock Units are exercisable during Employee’s lifetime only by Employee, Employee’s guardian, or legal representative.

3.    Vesting.  Except as otherwise provided in this Agreement, the Restricted Stock Units shall vest as follows:  twenty percent (20%) at the end of the first, twenty percent (20%) at the end of the second, thirty percent (30%) at the end of the third, and thirty (30%) at the end of the fourth year anniversary of the Grant Date, respectively.

4.    Termination of Employment Status. 

(a)    If Employee’s employment with Wolverine or any of its Subsidiaries is terminated prior to the date on which the Restricted Stock Units vest hereunder, any then unvested Restricted Stock Units shall be automatically forfeited with no consideration due to Employee.

(b)    Notwithstanding the above, if Employee’s employment with Wolverine or its Subsidiaries terminates due to Employee’s (a) death; (b) Disability; or (c) Retirement, any then unvested Restricted Stock Units will immediately vest in full. 

(c)     Upon a Change in Control, unvested Restricted Stock Units will vest, if at all, in accordance with Section 13(b)(ii) of the Plan.  Employee’s rights under this sub-Section (c) are in addition to any other rights Employee has under this Section 4.

(d)    If, in connection with a Change in Control, the Restricted Stock Units are not assumed or continued, or a new award is not substituted for the Restricted Stock Units by the acquirer or survivor (or an affiliate of the acquirer or survivor) in accordance with the provisions of Section 13(b) of the Plan, the Restricted Stock Units will automatically vest in full upon the occurrence of such Change in Control.

5.    Settlement.  On or within sixty (60) days following the vesting date of the Restricted Stock Units, Wolverine will deliver shares of Common Stock and/or pay cash, as applicable, in respect of such vested Restricted Stock Units, unless such payment or delivery is deferred in a manner consistent with Section 409A of the Code.    

6.    Employment by Wolverine.  The Agreement and the Restricted Stock Unit Award under this Agreement shall not impose upon Wolverine or any Subsidiary any obligation to retain Employee in its employ for any given period or upon any specific terms of employment.  Wolverine or any Subsidiary may at any time dismiss Employee from employment, free from any liability or claim under the Plan or this Agreement, unless otherwise expressly provided in any written agreement with Employee.

7.    Stockholder Rights.    Employee (or Employee’s permitted transferees) shall not have any voting and liquidation rights with respect to the Restricted Stock Units or the underlying Common Stock represented thereby unless and until shares of Common Stock are actually issued to Employee upon vesting of the Restricted Stock Units, in accordance with the terms of this Agreement.  Employee shall be paid a dividend equivalent (“Dividend Equivalent”) in the form of cash, with respect to any cash dividend, and additional Restricted Stock Units, with respect to any stock dividend, as of each dividend payment date, if any, prior to the vesting of the Restricted Stock Award (or portion thereof), on which dividends are paid on Common Stock underlying outstanding Restricted Stock Units.  Such Dividend Equivalent shall be computed by multiplying the amount of the cash dividend or the amount of the stock dividend, as applicable, declared and paid per share of Common Stock by the number of Restricted Stock Units held by Employee on the record date for the payment of such dividend.  Any stock dividends declared on the Common Stock underlying the Restricted Stock Units prior to vesting of the award (or any portion of the award) will be credited by the Company for Employee’s account and will be paid, if at all, to Employee on the applicable vesting date with respect to the applicable Restricted Stock Units to which such dividends relate.  Any cash Dividend Equivalent will be paid within seven days of the payment date of such cash dividend, and, for the avoidance of doubt, will be paid on unvested Restricted Stock Units.  Upon vesting of the Restricted Stock Units and issuance to Employee of underlying shares of Common Stock, if applicable, Employee shall have all stockholder rights, including the right to transfer the underlying shares of Common Stock, subject to such conditions as Wolverine may reasonably specify to ensure compliance with applicable federal, provincial and state securities laws.

8.    Withholding.  Wolverine or one of its subsidiaries shall be entitled to (a) withhold and deduct from Employee’s future wages (or from other amounts that may be due and owing to Employee from Wolverine or a Subsidiary), or make other arrangements for the collection of, all legally required amounts necessary to satisfy any and all applicable federal, state and local withholding and employment-related tax requirements attributable to the Restricted Stock Units award under this Agreement, including, without limitation, the award, vesting, or settlement of Restricted Stock Units and any Dividend Equivalents; or (b) require Employee promptly to remit the amount of such withholding to Wolverine or a Subsidiary before taking any action with respect to the Restricted Stock Units.  Unless the Committee provides otherwise, withholding may be satisfied by withholding shares of Common Stock to be received by Employee pursuant to this Agreement or by delivery to Wolverine or a Subsidiary of previously owned Common Stock of Wolverine. 

9.    Section 409A of the Code.

(a)    If Employee is deemed on the date of his or her termination of employment to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B), then, with regard to any payment that is considered nonqualified deferred compensation under Section 409A of the Code, to the extent applicable, payable on account of a “separation from service”, to the extent required in order to avoid any accelerated taxation or the imposition of an additional tax, interest or penalty under Section 409A of the Code, such payment will be made or provided on the date that is the earlier of (i) the expiration of the six-month period measured from the date of such “separation from service” and (ii) the date of the Participant’s death (the “Delay Period”).  Upon the expiration of the Delay Period, all payments delayed pursuant to this Section (whether they would have otherwise been payable in a single lump sum or in installments in the absence of such delay) will be paid on the first business day following the expiration of the Delay Period in a lump sum and any remaining payments due under the Award will be paid in accordance with the normal payment dates specified for them in this Agreement.  Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid any accelerated taxation or the imposition of an additional tax, interest or penalty under Section 409A of the Code, Employee shall not be considered to have terminated employment with the Company or any affiliate for purposes of this Restricted Stock Unit Award until Employee would be considered to have incurred a “separation from service” from the Company and its affiliates within the meaning of Section 409A of the Code (after giving effect to the presumptions contained therein).
(b)    For purposes of Section 409A of the Code, each payment made hereunder will be treated as a separate payment.  
(c)    With regard to any payment considered to be nonqualified deferred compensation under Section 409A of the Code, to the extent applicable, that is payable upon a Change in Control or other similar event, to the extent required in order to avoid any accelerated taxation or the imposition of an additional  tax, interest or penalty under Section 409A of the Code, no amount will be payable unless such change in control constitutes a “change in control event” within the meaning of Section 1.409A-3(i)(5) of the Treasury Regulations.
(d)    This Restricted Stock Unit Award is intended to comply with, or be exempt from, the requirements of Section 409A of the Code and shall be interpreted consistent with this intent.  Notwithstanding the foregoing, neither the Company, any affiliate of the Company, the Committee, nor any other person shall have any liability to Employee with respect to the foregoing.
10.    Effective Date.  This Restricted Stock Unit Award shall be effective as of the Grant Date.

11.    Agreement Controls.  The Plan is hereby incorporated in this Agreement by reference.  Capitalized terms not defined in this Agreement shall have those meanings provided in the Plan.  In the event of any conflict between the terms of this Agreement and the terms of the Plan, the provisions of the Agreement shall control.
                    
	
		
	 
	WOLVERINE WORLD WIDE, INC.

	 
	 

	 
	 

	 
	/s/ Michael D. Stornant

	 
	Michael D. Stornant

	 
	Sr Vice President and Chief Financial Officer

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